Date
18 September 2019

BUSINESS

  • California’s State Senate last week approved a landmark bill that would require gig-economy companies like Uber and Lyft to treat workers as employees instead of independent contractors. The legislation means the workers would be entitled to...
  • The Federal Reserve will conclude its latest policy meeting on Wednesday buffeted by conflicting economic data, under steady pressure from the White House for steep interest rate cuts, and confronted as well with an unexpected jump...
  • South Korea said on Wednesday it had approved plans to drop Japan from its “white list” of countries with fast-track trade status, responding with a tit-for-tat move that intensifies a growing diplomatic and trade spat between...
  • The energy transition is having a profound effect on global energy markets as renewable energy and global efforts to move away from a reliance on fossil fuels affect both energy demand and supply. This long-term secular...
  • Apple has unveiled its latest iPhones, which will be available from Friday. But many smartphone users are likely to adopt a wait-and-see attitude as they want to see first the Android smartphones that will be launched...
  • Forty-nine thousand workers of General Motors (GM) went on strike in the US from Monday, the biggest protest by the United Automobile Workers union (UAW) since 2007, amid a dispute over contract negotiations and factory relocation...
  • A US banking regulator proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration, Reuters...
  • The launch of new online-only banks in Hong Kong is expected to be delayed in part due to anti-government protests in the city, Reuters reports, citing people with knowledge of the matter. Most of the eight...
  • The Benettons ushered in a change of guard at Italian infrastructure group Atlantia, replacing its powerful chief executive with a management committee, as they move to deal with the fallout from a deadly bridge collapse, Reuters...
  • WeWork owner The We Company has postponed its initial public offering (IPO), walking away from preparations to launch it this month after a lackluster response from investors to its plans, Reuters reports. The US office-sharing startup...

WORLD

  • South Korea said on Wednesday it had approved plans to drop Japan from its “white list” of countries with fast-track trade status, responding with a tit-for-tat move that intensifies a growing diplomatic and trade spat between...
  • US Vice President Mike Pence has canceled plans to meet with the leader of the Solomon Islands to discuss development partnerships after the Pacific island cut ties with Taiwan in favor of China this week, Reuters...
  • The world’s food supply is under threat. That was the stark warning contained in a recent Intergovernmental Panel on Climate Change (IPCC) report on climate change and land. The signs are already ubiquitous. Hundreds of millions...
  • Israeli Prime Minister Benjamin Netanyahu’s battle for political survival looked set to stretch on after exit polls following Tuesday’s election showed the race too close to call and Israel’s longest-serving leader weakened, Reuters reports. The surveys...
  • Billions of dollars spent by Saudi Arabia on cutting edge Western military hardware mainly designed to deter high altitude attacks has proved no match for low-cost drones and cruise missiles used in a strike that crippled...