27 May

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Uber’s UK drivers gain collective bargaining with union recognition By Reuters

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LONDON (Reuters) - Uber (NYSE:UBER) on Wednesday said it was recognising Britain's GMB union, allowing it to represent up to 70,000 drivers and boosting the power of workers with collective bargaining. Recognition means a union has the right to negotiate on behalf of the workforce. Meetings will take place quarterly to discuss issues and the pair will work on matters such as pay, pensions and safety, according to a statement released by the ride-hailing app. Drivers will retain their ability to choose if, when and where they drive. "Whilst Uber and GMB...

26 May

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Defiant Belarus leader accuses West of waging ‘hybrid war’ By Reuters

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By Tom Balmforth and Maria Kiselyova MOSCOW (Reuters) - Belarusian President Alexander Lukashenko said on Wednesday a journalist pulled off a plane that landed in Minsk had been plotting a bloody rebellion, and accused the West of waging a hybrid war against him. In his defiant remarks, his first in public since he ordered a warplane to intercept a Ryanair flight between EU members Greece and Lithuania, he showed no hint of backing down from confrontation with countries that accuse him of air piracy. "As we predicted, our ill-wishers from outside the country and from...

26 May

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Refinitiv boss Craig to leave parent LSEG at end of year By Reuters

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By Huw Jones LONDON (Reuters) - London Stock Exchange Group (LON:LSEG) said on Wednesday David Craig, chief executive officer of its Refinitiv data and analytics business, would be stepping down from his current role in July and handing over his responsibilities to ex-Bloomberg executive Andrea Remyn Stone. Craig would serve in an advisory capacity from July and leave the company at the end of the year, the LSEG said in a statement. The London bourse operator completed its $27 billion purchase of Refinitiv in January from a consortium led by Blackstone (NYSE:BX) and including...

26 May

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Post vaccination infection rare but possibly contagious; study refutes another anti-vax pregnancy claim By Reuters

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By Nancy Lapid (Reuters) - The following is a roundup of some of the latest scientific studies on the novel coronavirus and efforts to find treatments and vaccines for COVID-19, the illness caused by the virus. Breakthrough infections rare, but potentially contagious As of April 30, when roughly 101 million Americans had been fully vaccinated against COVID-19, "breakthrough" infections had been reported in 0.01% of them, the U.S. Centers for Disease Control and Prevention (CDC) reported on Tuesday. Roughly 27% of breakthrough infections were asymptomatic, while in 2% of cases, patients died. The CDC had genetic...

26 May

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FTSE holds above 7,000, M&S rallies after update, Bitcoin steady near $40k By Investing.com

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Key Points FTSE 100 closing price of 7,028.6, -0.02% M&S shares jump on as overhaul plan picks up pace British Land falls after trading update FX markets quiet US crude inventories fall by 1.662mln barrels Cryptos steady, Bitcoin near $40K By Samuel Indyk Investing.com – The FTSE 100 continued its achingly slow week with the index trundling along in a narrow range above 7,000. Marks and Spencer Group (LON:MKS) shares rose to the top of the FTSE 250 after the retailer announced more plans to overhaul its physical stores, closing some locations and taking...

26 May

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Factbox – Back to pubs, gyms and movies: plotting the road back to normal By Reuters

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(Reuters) - As the COVID-19 vaccine rollout gains momentum, many countries are planning a gradual return to normal, opening borders and letting people back into restaurants, shops and sports venues after more than a year of on-off lockdowns. Here are some of their plans, in alphabetical order: Australia, which plans to allow international travel from mid-2022, lifted a ban on its citizens returning from India on May 14. Belgium plans to ease nearly all lockdown measures from June 9 provided the momentum of its vaccination campaign continues and the number of people in intensive...

26 May

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Ford Gains As It Boosts EV Investments By Investing.com

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By Dhirendra Tripathi Investing – Ford Motor (NYSE:F) shares rose 7.5% Wednesday after the carmaker said 40% of its global output would be all-electric by 2030. At its Delivering Ford+’ Capital Markets Day to showcase its plans for EVs, the company had something for everybody. It said its vehicles will incorporate digital lifestyles by fully integrating best-in-class technology from the likes of Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Google (NASDAQ:GOOGL) and Baidu (NASDAQ:BIDU). Ford aims to have about 1 million vehicles that are capable of receiving over-the-air system updates on the road by the end of this year...

26 May

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Amazon roars for MGM’s lion, paying $8.45 billion for studio behind James Bond and Rocky By Reuters

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By Jeffrey Dastin (Reuters) - Amazon.com Inc (NASDAQ:AMZN) said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+. The deal aims to bolster Amazon's television-focused studio with new and historic filmmaking from MGM, which has claimed other lucrative series including "Rocky" and "Pink Panther" since its founding in 1924. Streaming video helps the world's largest online retailer draw consumers to subscribe to Prime,...

26 May

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Yum’s Pizza Hut Set for Big Growth in Latin America, Iberia By Investing.com

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By Christiana Sciaudone Investing.com -- Latin America will soon be home to a lot more Pizza Huts. The pie purveyor, which has already conquered much of Asia, is projecting solid growth south of the border and in Iberia, where stores are set to more than double as the taste for America's favorite slice of Italy infiltrates local cuisines. That said, succeeding in the region is not without its problems -- economic downturns, currency fluctuations, inflation pressures and, of course, the occasional dictator can burn even the best-laid plans. So Pizza Hut is hedging risks as it...

26 May

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U.S. Labor Market Needs 18 More Months to Recover, Fitch Says By Bloomberg

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(Bloomberg) -- The U.S. labor market will take about a year and a half to return to full steam after the economic blow from the Covid-19 pandemic, according to Fitch Ratings. Federal stimulus and a gradual reopening of service industries that were hit hardest will help boost demand for workers, Fitch said in a report released Wednesday. Still, analysts led by Chief Economist Brian Coulton don’t expect unemployment levels to reach their natural rate, about 4.3% in Fitch’s view, until the fourth quarter of 2022. Doing so would require the creation of about 7 million jobs....

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Uber’s UK drivers gain collective bargaining with union recognition By Reuters

Defiant Belarus leader accuses West of waging ‘hybrid war’ By Reuters

Refinitiv boss Craig to leave parent LSEG at end of year By Reuters

Post vaccination infection rare but possibly contagious; study refutes another anti-vax pregnancy claim By Reuters

FTSE holds above 7,000, M&S rallies after update, Bitcoin steady near $40k By Investing.com

Factbox – Back to pubs, gyms and movies: plotting the road back to normal By Reuters

Ford Gains As It Boosts EV Investments By Investing.com

Amazon roars for MGM’s lion, paying $8.45 billion for studio behind James Bond and Rocky By Reuters

Yum’s Pizza Hut Set for Big Growth in Latin America, Iberia By Investing.com

U.S. Labor Market Needs 18 More Months to Recover, Fitch Says By Bloomberg

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