The latest ruling on Uber Technologies Inc is good for drivers and city dwellers alike. But it shouldn’t be the last word on the matter. The UK Supreme Court determined that Uber drivers should be classified as “workers,†entitling them to rights like the minimum wage, holiday pay and rest breaks. It’s the culmination of a five-year court battle, and ...
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It isn’t easy being green, so JLR shouldn’t rush it
The markets are abuzz with the promise of millions of new electric cars. Investors love the sound of anything green. In keeping with the trend, Jaguar Land Rover Automotive Plc — which is owned by India’s Tata Motors Ltd — announced an overhaul: It will go mostly electric in the next decade or so, setting aside £2.5 billion ($3.4 billion) ...
Read More »Texas blackout: Where are new energy jobs?
When millions of Texans lost power during the coldest weather to hit the Lone Star State in seven decades, Republican Governor Greg Abbott blamed frozen wind turbines and other forms of clean energy for the greatest forced blackout in US history. Never mind that the grid operator in the second-largest state said alternative energy, generating 25% of its winter supply, ...
Read More »United jet showers debris in Denver after engine failure
Bloomberg A Boeing 777-200 operated by United Airlines made an emergency return to Denver International Airport following an engine failure that rained debris on a city suburb. The airline said no-one aboard was injured. United Flight 328 was headed from Denver to Honolulu when the incident occurred around 1:30 pm, Federal Aviation Administration (FAA) spokesman Allen Kenitzer said by email. ...
Read More »Court keeps out Airbus in AirAsia X creditor talks
Bloomberg Malaysia’s high court ordered that struggling budget carrier AirAsia X Bhd’s largest creditor Airbus SE be separated out from other stakeholders in restructuring talks for the airline. By putting Airbus in a category of its own, smaller creditors, who had pushed for a greater say, will likely gain a larger voice against the European planemaker in the debt talks. ...
Read More »American Airlines, JetBlue push ahead with Northeast US alliance
Bloomberg American Airlines Group Inc and JetBlue Airways Corp kicked off the first phase of a marketing alliance in the northeastern US even though several states are investigating competition concerns and pilots at one of the carriers have objected. Nearly 80 routes sharing American and JetBlue codes go on sale, meaning travelers can book with one carrier for flights on ...
Read More »Singapore opens bubble for business travellers at Changi
Bloomberg Singapore has started taking applications for a program that will allow people to enter the island for business and official purposes without having to quarantine for 14 days. The catch? They’ll have to stay in a bubble-like facility near Changi Airport, and can’t leave. The first visitors under the so-called Connect@Changi program are expected to arrive next month, Alan ...
Read More »Nestle sales accelerate over pandemic demand
Bloomberg Nestle SA, the world’s largest food company, reported its fastest sales growth in five years as stuck-at-home consumers adopted more cats and dogs, boosting demand for pet food. Revenue growth may cross the threshold of 4% and should at least match last year’s 3.6% pace, on an adjusted basis, CEO Mark Schneider said. Analysts have forecast 3.9% growth. Nestle’s ...
Read More »Hermes sales soar on top luxury brands
Bloomberg Hermes International sales jumped as the Birkin bag maker continued to benefit from its established appeal as a premium luxury brand. Sales rose 16% in the fourth quarter at constant exchange rates, almost twice as much as analysts expected. The leather goods unit was the main driver behind the performance. The shares rose as much as 8.9% to a ...
Read More »Myanmar protesters plan even bigger rallies post deadly clashes
Bloomberg Myanmar’s anti-military protesters plan to hold their largest mass rally yet on Monday after two demonstrators were shot dead this weekend. Shops and businesses are expected to close in solidarity, with the nation’s largest retailer, City Mart, announcing it will shut all of its outlets. The violent crackdown on the largely-peaceful movement risks stunting an already troubled economy. Nearly ...
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