Bloomberg US labour board prosecutors have concluded that Starbucks Corp illegally forced out a New York barista who has been a key architect of the union campaign that swept through hundreds of its cafes this year. The union leader, Jaz Brisack, resigned her Starbucks position in September, alleging that the company had pushed her out by changing its scheduling policies ...
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Twitter sued for failing to pay office space rent
Bloomberg Twitter Inc was sued for failing to pay $136,250 in rent for its office space in San Francisco. The landlord, Columbia Reit – 650 California LLC, says it notified Twitter that it would be in default on its lease for the 30th floor of the Hartford Building in five days unless the rent was paid. The tenant failed ...
Read More »Extinction Rebellion UK to stop protests that disrupt public
Bloomberg The UK arm of environmental activist group Extinction Rebellion said it plans to step away from attention-grabbing tactics that have caused widespread public disruptions and instead focus on building broader support to help combat rising carbon emissions. “As we ring in the new year, we make a controversial resolution to temporarily shift away from public disruption as a ...
Read More »Tesla stocks witness worst year ever, drop 65% in 2022
Bloomberg Tesla Inc shares have fallen so far, so fast that some individual investors are piling in, seeing a chance to pick up what was once Wall Street’s highest flying stock on the cheap. But would-be bargain hunters may want to take a closer look. Even after 2022’s record 65% drop, the electric-car maker’s meteoric surge during 2020 and 2021 ...
Read More »Hong Kong group warns long road ahead after Covid shift
Bloomberg One of Hong Kong’s top foreign business groups warned the city still faces challenges in trying to revive its reputation as a global financial hub, even after it ditched almost all of its Covid curbs. In a sweeping overhaul of policies, residents and travellers alike will find their lives a bit easier. People coming into the city won’t ...
Read More »EU’s carbon tariff to hurt Asia firms, says JSW Steel
Bloomberg The European Union’s planned carbon tax on steel is a trade barrier that India and other governments will probably oppose, according to one of the biggest exporters of the alloy in the South Asian nation. The Carbon Border Adjustment Mechanism, or CBAM, which imposes duties on certain imports from countries that don’t price carbon the way Europe does, will ...
Read More »Tencent wins nod for games as China crackdown softens
Bloomberg Tencent Holdings Ltd secured a green-light for another clutch of major game titles, reinforcing hopes Beijing is easing a crackdown on the world’s largest mobile gaming arena. It was only the second time the Chinese tech giant gained licenses for blockbuster titles since Beijing resumed issuing them in April. “Pokémon Unite,†developed in tandem with Nintendo Co, was ...
Read More »Fosun lets China users register for Covid vaccine in Hong Kong
Bloomberg BioNTech SE’s Chinese partner has started allowing mainland Chinese to register for its mRNA Covid-19 vaccine in Hong Kong ahead of a border reopening early next month that may spark a wave of visitors to the financial hub. Shanghai Fosun Pharmaceutical Group Co is letting people register for the shot through its app and online, with the company asking ...
Read More »Honda Motor hybrids in China face recall
Bloomberg Honda Motor Co will recall more than 200,000 cars made in China, citing issues with brake pedal sensors that could make it harder to stop. The Japanese carmaker will recall 105,608 hybrids made between October 2018 and September 2020 at its manufacturing venture with Dongfeng Motor Group Co, China’s State Administration for Market Regulation said in a statement. ...
Read More »South Korea barely mentions China in new Indo-Pacific strategy
Bloomberg South Korea put out its first strategy report for the Indo-Pacific region, which hardly mentions China and signals Seoul is seeking a cautious balance between its biggest trade partner Beijing and main military ally, the US. The 43-page document titled the “Strategy for a Free, Peaceful, and Prosperous Indo-Pacific Region,†issued a single paragraph about relations with China. ...
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