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EU cuts growth forecasts for next year over trade tensions

Bloomberg The European Commission cut its euro-area growth and inflation forecast for next year as trade tensions and policy uncertainty weigh on the region, strengthening Mario Draghi’s case for further stimulus measures. The latest warning comes just two weeks before the European Central Bank (ECB’s next policy meeting, where it may lower interest rates or signal that action is imminent. ...

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Hyundai Motor set to make foray into US pickup market

Bloomberg Hyundai Motor Co expects to enter the US pickup market soon with what’s likely to be an American-made vehicle aimed at luring buyers who aren’t traditional truck owners, an executive said. “It’ll be a very versatile vehicle,” Michael O’Brien, vice president of product, corporate and digital planning for Hyundai’s US unit, said in an interview. “That has the promise ...

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London mayor’s new levy is discriminatory, say Uber drivers

Bloomberg London Mayor Sadiq Khan’s decision to charge Uber Technologies Inc drivers to operate in the city centre amounts to racial discrimination and puts some out of business, lawyers for the drivers said in court, in the latest stage of a long-running battle between those working for the ride-hailing firm and traditional cabbies. A union representing Uber drivers is suing ...

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