Business news

• Blow for Uber as California orders it to class 100,000 drivers as employees

  10-08-2020 23:30 via uk.finance.yahoo.com
  
  Uber must begin classifying their drivers as employees, a California judge has ruled, condemning the company's "prolonged and brazen refusal" to comply with the US state's law. The app-based taxi company and its US competitor Lyft are being sued by the California Attorney General for failing to comply with a new law setting strict boundaries on when companies can classify workers as independent contractors, rather than employees who are entitled to benefits such as sick leave and health insuranc
  
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• Eat out to help out: More than 10.5m meals claimed in first week

  10-08-2020 23:05 via bbc.co.uk
  
  The Treasury has set aside £500m to cover the cost of 'eat out to help out' for restaurants, bars and cafes.
  
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• 'We can do better': American doctor in Canada says Medicare for All would have saved lives during coronavirus crisis

  10-08-2020 22:24 via uk.finance.yahoo.com
  
  Health advocates and progressive Democrats have revived calls for the US to consider expanding Medicare to millions of Americans during the coronavirus pandemic, while the White House threatens the federal health programme and Democrats draft their vision for the next four years in the party's 2020 agenda.The US public health emergency from Covid-19 has laid bare several institutional crises, renewing calls for a nationalised healthcare system, free at the point of service, to address inequities
  
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• Judge blocks Uber, Lyft from classifying drivers as contractors in California

  10-08-2020 22:20 via uk.finance.yahoo.com
  
  Judge Ethan Schulman of the San Francisco Superior Court delayed enforcing his order by 10 days to give the companies a chance to appeal.The decision is a setback for the ride-hailing companies as they defend against a May 5 lawsuit by California Attorney General Xavier Becerra and the cities of Los Angeles, San Diego and San Francisco.Uber and Lyft were accused of violating a new state law requiring companies to classify workers as employees if they controlled how workers did their jobs, or the
  
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• Gilead seeks U.S. approval for COVID-19 treatment remdesivir

  10-08-2020 22:14 via uk.finance.yahoo.com
  
  The antiviral drug, which helped shorten the hospital recovery time in a U.S. trial, has been at the forefront of the battle against the pandemic after the FDA granted it emergency use authorization (EUA) in May.Gilead said its marketing application for remdesivir, to be sold under brand name Veklury, is supported by data from two late-stage trials conducted by the drugmaker and another by the National Institute of Allergy and Infectious Diseases.
  
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• UK trade deal with Japan stalls over blue cheese demands

  10-08-2020 20:58
  Liz Truss holds out in attempt to promote Stilton abroad
  
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• Sunak's stamp duty holiday behind surge in homebuyer interest

  10-08-2020 20:26 via uk.finance.yahoo.com
  
  Sunak's stamp duty holiday behind surge in homebuyer interestDemand for all UK property is up, but price range reflects chancellor’s £500,000 limit
  
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• U.S. loan to Kodak will not proceed unless allegations cleared - White House

  10-08-2020 20:14 via uk.finance.yahoo.com
  
  The U.S. government will not proceed with a $765 million (£586.5 million) loan to Eastman Kodak Coto make drugs at its U.S. factories unless the company is cleared of alleged wrongdoing in circumstances surrounding the announcement of the loan, the White House said on Monday.White House Press Secretary Kayleigh McEnany made the remarks to reporters after U.S. President Trump said last week the federal government would quickly investigate the issue.The U.S. International Development Finance
  
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• Almost 1,000 jobs at risk as TSB axes cashiers

  10-08-2020 19:47 via uk.finance.yahoo.com
  
  TSB is to axe its cashiers, putting almost 1,000 jobs at risk in a major overhaul as the pandemic accelerates the shift online. The high street lender, owned by Spanish lender Sabadell, has told 929 branch staff that they need to retrain or take voluntary redundancy as cashier roles are being phased out. Banks have been slashing branches for years as an increasing number of customers use online banking - with more than 3,300 shut since 2015 along, according to consumer group Which? - but coronav
  
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• Since travel is off the cards (for now) I'm exploring the vast terrain of video game worlds

  10-08-2020 19:30 via uk.finance.yahoo.com
  
  Since travel is off the cards (for now) I'm exploring the vast terrain of video game worldsThe open-ended worlds of The Elder Scrolls V: Skyrim or Red Dead Redemption 2 can arouse the housebound traveller’s sense of adventure
  
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• Scott Morrison urged to consider children living in poverty before cutting unemployment benefits

  10-08-2020 19:30 via uk.finance.yahoo.com
  
  Scott Morrison urged to consider children living in poverty before cutting unemployment benefitsWelfare groups say increased rate during Covid crisis has made a ‘striking difference’ and there should be a ‘permanent and adequate’ increase
  
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• Australia's 'deficit bad, surplus amazing' mantra should finally be binned

  10-08-2020 19:30 via uk.finance.yahoo.com
  
  Australia's 'deficit bad, surplus amazing' mantra should finally be binnedAfter more than six years of flat household income growth, how can anyone still be obsessing over debt and deficit?* Download the free Guardian app to get the most important news notifications* Coronavirus Australia maps and cases: live numbers and statistics
  
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• Fiat Chrysler asks judge to deny GM request to reopen racketeering case

  10-08-2020 19:25 via uk.finance.yahoo.com
  
  Last week, No. 1 U.S. automaker GM asked U.S. District Judge Paul Borman to reopen the case, claiming it had new information on foreign accounts used in an alleged bribery scheme involving FCA and leaders of the United Auto Workers (UAW) union.When it first filed its lawsuit last year, GM alleged that FCA bribed UAW officials over many years to corrupt the collective bargaining process and gain advantages, costing GM billions of dollars.
  
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• Extent of Britain’s high street decline laid bare in official data

  10-08-2020 19:23 via uk.finance.yahoo.com
  
  Extent of Britain’s high street decline laid bare in official dataCovid crisis has continued trend of retail job losses across most regions, ONS figures show
  
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• Europe in talks with US over controversial data transfer deal

  10-08-2020 19:09 via uk.finance.yahoo.com
  
  The European Union has begun critical talks with the US to rebuild a data-sharing deal that covers 800m people on both sides of the Atlantic. The Privacy Shield, the mechanism that allows thousands of companies to freely transfer personal data between the EU and the US, was invalidated after a landmark decision from Europe’s top court on July 16, dealing a blow to thousands of companies who depend on it to conduct ordinary business. Wilbur Ross, US Secretary of Commerce, said: “The E
  
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• Markets cautiously positive after limited Chinese sanctions against US

  10-08-2020 18:54 via uk.finance.yahoo.com
  
  Beijing has been cracking down on dissidents in Hong Kong.
  
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• John Harbottle obituary

  10-08-2020 18:54 via uk.finance.yahoo.com
  
  John Harbottle obituary
  
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• €11bn Dutch 'departure tax' could derail Unilever plans

  10-08-2020 18:45 via uk.finance.yahoo.com
  
  Unilever could scrap plans to abandon its Anglo-Dutch structure if MPs in the Netherlands pass a law forcing the company to pay an €11bn (£9.7bn) "departure tax". Legislation proposed by the opposition GreenLeft (GroenLinks) party would impose a levy on firms with annual revenues of more than €750m that relocate their headquarters abroad. The proposals are intended to prevent large companies from leaving Holland and make up for loss of tax revenue if they do choose to depart. Uni
  
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• Exclusive: Russia's Nornickel no longer needs shareholder agreement, says co-owner

  10-08-2020 18:41 via uk.finance.yahoo.com
  
  An eight-year-old shareholder agreement signed by Russian mining giant Norilsk Nickel'smajor owners has become a relic of the past which the $44 billion miner does not need, Vladimir Potanin, its largest shareholder, told Reuters.Potanin's Interros holding, aluminium producer Rusaland some other stakeholders signed https://www.reuters.com/article/us-russia-norilsk/russian-tycoon-becomes-norilsk-ceo-in-board-peace-deal-idUSBRE8BG0O320121217 the agreement on dividend payouts to end a previous four
  
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• TikTok fighting for stay of execution amid concerns over delays to deal

  10-08-2020 18:39 via uk.finance.yahoo.com
  
  TikTok is fighting for a stay of execution from US President Donald Trump with the viral music video sharing app expected to file an appeal against a White House ban. The app, owned by Chinese technology giant Bytedance, is battling a Presidential executive order that will force its parent army to divest the app, or see it banned in the US from September 20. The company is expected to file a claim in California as soon as on Tuesday, according to US broadcaster NPR, arguing the ban is unconstitu
  
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• TSB to phase out cashier roles, putting hundreds of jobs at risk

  10-08-2020 18:34 via uk.finance.yahoo.com
  
  British bank TSB has told its cashiers their jobs will be phased out early next year after a steep decline in customers banking at its branches because of the COVID-19 pandemic, staff union TBU told Reuters on Monday.Affected branch staff were told they would have to retrain, change roles or take voluntary redundancy, according to a staff memo.A total of 929 staff are affected, a TSB spokesman confirmed, adding that employees were being given a choice as it phased out non-specialist roles.
  
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• Facebook, Microsoft gripes with Apple's App Store on EU's antitrust radar

  10-08-2020 18:19 via uk.finance.yahoo.com
  
  Facebook and Microsoft's grievances over how their gaming apps appear on Apple's App Store may feed into an EU investigation into the iPhone maker's business as EU antitrust regulators said such concerns are on their radar.The European Commission in June opened four probes into Apple, three of which are into its App Store and its restrictive rules, including requirements that app developers use its own in-app purchasing system.
  
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• Cheap UK shares: 3 stocks I’m buying after the stock market crash to earn great returns

  10-08-2020 18:15 via uk.finance.yahoo.com
  
  Cheap UK stocks are still available for the discerning investor today, even among FTSE 100 shares, which offer both growth and dividends. The post Cheap UK shares: 3 stocks I’m buying after the stock market crash to earn great returns appeared first on The Motley Fool UK.
  
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• McDonald's sues ex-boss for allegedly hiding sexual relationships with staff

  10-08-2020 18:08 via uk.finance.yahoo.com
  
  McDonald's sues ex-boss for allegedly hiding sexual relationships with staffCompany bids to recover payoff and accuses Steve Easterbrook, fired last year over relationship with employee, of lying
  
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• 'Fake background office chatter helps me work from home'

  10-08-2020 17:56 via bbc.co.uk
  
  People are turning to artificial office noise to help them while working from home during lockdown.
  
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• McDonald's sues ex-boss Easterbrook over alleged sexual relationships

  10-08-2020 17:54 via bbc.co.uk
  
  The fast food giant is suing Steve Easterbrook, claiming he had relationships with four staff.
  
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• I think shares in this £32bn FTSE 100 champion are too cheap. I’d buy them today!

  10-08-2020 17:48 via uk.finance.yahoo.com
  
  This huge FTSE 100 business is a 172-year-old household name that has survived every global catastrophe. I rate its shares as a firm buy.The post I think shares in this £32bn FTSE 100 champion are too cheap. I'd buy them today! appeared first on The Motley Fool UK.
  
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• British woman uses Facebook to trap man who raped and murdered her aunt

  10-08-2020 17:47 via ibtimes.co.uk
  
  Tired of waiting for authorities to find the suspected killer, the murdered woman's niece used social media to locate the absconding man.
  
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• Why quality and momentum matters for United Parcel Service Inc (NYQ:UPS)

  10-08-2020 17:27 via uk.finance.yahoo.com
  
  Quality and momentum are highly prized among investors looking for reliable investment ideas. That's because good quality stocks tend to be resilient, cash-gen...
  
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• U.S. governors question cost of Trump COVID-19 aid plans, urge talks to continue

  10-08-2020 17:23 via uk.finance.yahoo.com
  
  Republican and Democratic governors said on Monday President Donald Trump's coronavirus relief measures were too expensive for states to implement as they struggle with the costs of the pandemic, and called on officials in Washington to resume negotiations on federal aid."We are concerned about the significant administrative burdens and costs this latest action would place on the states," the leaders of the National Governors Association said in a statement."The best way forward is for the Congr
  
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• U.S. coronavirus aid talks stalled, as parties trade jibes

  10-08-2020 17:23 via uk.finance.yahoo.com
  
  U.S. congressional leaders and Trump administration officials said on Monday they were ready to resume negotiations on a coronavirus aid deal, but talks remained deadlocked as Democrats said Republicans needed to meet them in the middle.After a bid by President Donald Trump at the weekend to sidestep Congress, it was unclear whether Democrats and Republicans would be able to bridge their differences to provide relief to workers, businesses and local governments devastated by a pandemic that has
  
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• Mnuchin sees possible virus deal, but no talks set with Congress

  10-08-2020 17:23 via uk.finance.yahoo.com
  
  U.S. Treasury Secretary Steven Mnuchin on Monday said the Trump administration and Congress could reach a coronavirus aid deal as soon as this week, but Democratic aides said the two sides have not spoken since talks collapsed last Friday.With negotiations at a standstill, it was unclear whether Democrats and Republicans would be able to bridge their differences to provide relief to workers, businesses and local governments that have been devastated by the pandemic, which has killed at least 162
  
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• Mnuchin sees possible virus aid deal, but no talks set with Congress

  10-08-2020 17:23 via uk.finance.yahoo.com
  
  U.S. Treasury Secretary Steven Mnuchin on Monday said the Trump administration and Congress could reach a coronavirus aid deal as soon as this week, but Democrats said the two sides have not spoken since talks collapsed last Friday.With negotiations at a standstill and President Donald Trump taking action at the weekend to try to sidestep Congress, it was unclear whether Democrats and Republicans would be able to bridge their differences to provide relief to workers, businesses and local governm
  
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• Royal Caribbean loses $1.6bn in second quarter due to Covid

  10-08-2020 17:21 via uk.finance.yahoo.com
  
  Royal Caribbean loses $1.6bn in second quarter due to CovidCompany, which halted all cruises in March, says crisis causing ‘unprecedented challenge’ to industry* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Can Omnicom Inc withstand the coronavirus chaos?

  10-08-2020 17:18 via uk.finance.yahoo.com
  
  Shares in Omnicom Inc (NYQ:OMC) are currently trading at $54.88 but a key question for investors is how the economic uncertainty caused by Covid-19 will affect...
  
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• Donald Trump is no Harry Truman, but a comeback is on the cards

  10-08-2020 17:16 via uk.finance.yahoo.com
  
  Donald Trump is no Harry Truman, but a comeback is on the cardsThings had not been looking good for the president, but Joe Biden should not take victory for granted
  
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• 2 of the best UK shares I’d buy now to make a million

  10-08-2020 17:14 via uk.finance.yahoo.com
  
  If you invest in good-quality shares like these and hold them for the long haul, I reckon they can help you compound your way to a million.The post 2 of the best UK shares I’d buy now to make a million appeared first on The Motley Fool UK.
  
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• What analysts are saying about shares in International Consolidated Airlines Sa

  10-08-2020 17:13 via uk.finance.yahoo.com
  
  Analysts have been under intense pressure in recent months as they try to make sense of the impact of Covid-19 on companies like International Consolidated Air...
  
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• Beirut blast will almost double the depth of Lebanon's recession

  10-08-2020 17:10 via uk.finance.yahoo.com
  
  The blast that tore into Beirut last week is set to almost double the severity of Lebanon's recession, according to the world's top finance industry group. The Institute of International Finance (IIF) warned output will plunge by 24pc in 2020, a much deeper contraction than the 15pc predicted before the explosion rocked the capital. The Lebanese economy had already been crippled by hyperinflation, a collapsing currency and the Covid-19 pandemic before the $7bn (£5.4bn) of damage caused aro
  
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• Tech giants back legal challenge to Trump's foreign worker restrictions

  10-08-2020 17:08 via uk.finance.yahoo.com
  
  Amazon, Apple, Facebook, Microsoft, Netflix, Twitter, and other tech companies filed a legal brief on Monday backing a challenge to U.S. President Donald Trump's temporary ban on the entry of certain foreign workers to preserve jobs for Americans during the coronavirus pandemic.In the brief, filed in a lawsuit brought in California by major U.S. business associations, the companies argued that the visa restrictions will hurt American businesses, lead employers to hire workers outside the United
  
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• Stock market crash: The IHG, TUI, and Prudential results are due this week, and here’s why I’d buy them now (or not)

  10-08-2020 17:08 via uk.finance.yahoo.com
  
  The stock market crash was a few months ago, but some stocks are still feeling its impact. Do they make good investments?The post Stock market crash: The IHG, TUI, and Prudential results are due this week, and here’s why I’d buy them now (or not) appeared first on The Motley Fool UK.
  
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• Netflix and YouTube users warned about massive rise in data scams

  10-08-2020 17:06 via uk.finance.yahoo.com
  
  Hackers have increased their attacks against streaming companies, as research has shown that phishing URLs which include Netflix, HBO, YouTube, and Twitch has risen dramatically.Phishing is an attempt to steal sensitive information such as usernames, passwords, credit card numbers, bank account details and other personal data.
  
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• Can Britain create a ‘green jobs revolution’?

  10-08-2020 17:06
  Hopes government scheme can help offset looming wave of lay-offs caused by pandemic
  
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• U.S. consumers grew more pessimistic in July after two months of improvement - NY Fed survey

  10-08-2020 17:04 via uk.finance.yahoo.com
  
  The shift reflects the effects of fresh restrictions enacted by state and local governments to combat a resurgence in coronavirus infections.Consumers said the mean perceived probability of losing their job over the next year increased to 16% in July from 15% in June, above the 2019 average of 14.3%, according to the New York Fed survey.
  
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• Why Factset Research Systems Inc (NYQ:FDS) could be a stock to watch

  10-08-2020 17:02 via uk.finance.yahoo.com
  
  Given widespread disruption and uncertainty in the stock market, it is more important than ever to find high quality stocks for your portfolio. That means safe...
  
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• The Carnival share price is dirt-cheap! I think you might achieve great returns

  10-08-2020 17:01 via uk.finance.yahoo.com
  
  The Carnival share price has had a terrible time this year. Is it worth your money? Anna Sokolidou tries to find out.The post The Carnival share price is dirt-cheap! I think you might achieve great returns appeared first on The Motley Fool UK.
  
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• Toshiba has made its last laptop as it quits computer business after 35 years

  10-08-2020 16:58 via uk.finance.yahoo.com
  
  Toshiba has confirmed that it will no longer be making laptops, transferring its remaining share of PC business to Sharp.In a short statement, Toshiba said that it had transferred its 19.9 percent of outstanding shares in Dynabook brand. This makes Dynabook wholly owned by Sharp.
  
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• Will the Tesla Inc share price run continue?

  10-08-2020 16:57 via uk.finance.yahoo.com
  
  In this article, we will quickly re-cap the broker forecasts for Tesla Inc (NSQ:TSLA). The Tesla Inc share price has risen by 6.36% over the past month and it’...
  
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• Two reasons why the market is missing a trick with Bellway

  10-08-2020 16:53 via uk.finance.yahoo.com
  Buying quality merchandise when it's on sale is a stock market strategy used by some of the greatest investors in the world - including Warren Buffett. After t...
  
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• Police looking for suspects after man gets kicked to death in churchyard

  10-08-2020 16:50 via ibtimes.co.uk
  
  Police have shared images from CCTV footage showing the four suspects believed to have attacked the man in a churchyard.
  
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