Like most people outside of the Kremlin, mainstream German politicians are outraged about the poisoning of Alexey Navalny, the Russian opposition leader who’s being treated in a Berlin clinic and has just come out of a coma. Then again, they’ve been outraged countless times about whatever Russia under President Vladimir Putin has got up to. And their indignation has never ...
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Johnson takes Brexit on a crazy path
As the eighth round of trade talks with the European Union is about to start, UK government officials from the chief trade negotiator, David Frost, to Foreign Secretary Dominic Raab have put out the word that Britain is ready to walk away. To underscore the point, Boris Johnson is setting a deal deadline of October 15. The PM  is also ...
Read More »China’s chemicals deal may have come too late
Better late than never? Three years of efforts to combine China’s giant state-owned chemicals companies Sinochem Group Co and China National Chemical Corp, or ChemChina, may finally be paying off. A merger between the two unlisted companies is at last “in progress,†Frank Ning, the chairman of both companies, said last week. Such a deal would create a behemoth with ...
Read More »Biden plan to improve 401(k) does opposite
The presidential campaign of Joe Biden and Kamala Harris has a proposal aimed to restore the value of 401(k) and other deferred tax retirement plans for young median-wage workers. It’s a step almost exactly in the wrong direction. Under current policy, standard deferred tax retirement plans, including 401(k)s, IRAs and other variants, are taxed at distribution time rather than contribution ...
Read More »Brexit threatens to strip UK pilots of right to fly EU planes
Bloomberg British pilots already fearing for their jobs as the coronavirus crisis hammers air travel face a new risk as a potential no-deal Brexit threatens to deprive them of the right to fly EU-registered planes. With the UK’s split from the EU set to be completed on December 31, there’s no agreement in place that would allow aviators holding UK ...
Read More »PizzaExpress plans to shut 73 UK restaurants
Bloomberg PizzaExpress’s creditors approved a company proposal to cut rents and shut 73 of its UK restaurants as part of the chain’s effort to fix its finances amid the economic slump. The plan will put 1,100 job at risk. Almost 90% of the firm creditors and a majority of landlords supported a so-called Company Voluntary Arrangement proposed by the company, ...
Read More »Smartphones-in-trees scheme thwarted, say Amazon drivers
Bloomberg Amazon.com contract drivers have noticed a sudden change in how the company assigns delivery routes, a sign that it has found a way to prevent rogue operators from gaming the system to snatch orders first. Bloomberg revealed that drivers were putting smartphones in trees outside Whole Foods and Amazon delivery stations in the Chicago area to get a jump ...
Read More »Airplane cabins may look different next time you fly
Bloomberg Headrest canopies and fabric barriers between seats could start appearing in airplane cabins as the embattled industry tries to ward off the coronavirus. Airlines desperate for governments to lift travel restrictions and passengers to return are looking at ways to reassure the public that their health won’t be compromised on a flight. New-look seats and fresh cabins could be ...
Read More »Ryanair eyes euro bond in test of virus impact
Bloomberg Ryanair Holdings Plc is readying its first euro-bond sale since 2017, testing investor appetite for high-grade airline debt amid coronavirus travel upheavals. Europe’s biggest discount carrier will speak to investors on Monday about a potential five-year bond of at least 500 million euros ($592 million), according to a person familiar with the matter, who asked not to be named ...
Read More »Kay Jewelers owner shares climb
Bloomberg Signet Jewelers Ltd, the owner of jewellery chains Jared and Kay, gave another sign the US jewellery industry is past the worst of it, with preliminary comparable sales turning positive in August following a challenging start to the summer. Shares rose. After reporting a 31.3% decline in same-store sales in the second quarter ended on August 1, the company ...
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