Bloomberg Uber Technologies Inc and its London rivals will have to overhaul their business models in the city after losing a bid to challenge part of a landmark ruling which led its drivers to be re-classified as workers. UK judges ruled that the tech firm should enter into a direct contract with passengers when providing car journeys and therefore assume ...

Bloomberg Stocks and futures rise on Tuesday as concerns about the severity of the omicron virus variant receded and China pledged measures to support economic growth. Technology shares led gains in Europe’s Stoxx 600 Index and Nasdaq 100 futures rise. Chinese tech stocks also rebounded from last week’s rout, with Alibaba Group Holding Ltd soaring by the most since its ...

Bloomberg Stock investors probably have more important things to worry about than the emergence of the new coronavirus strain, according to Morgan Stanley’s strategists. While “not that concerned about omicron as a major risk factor for equities,” the strategists led by Michael Wilson see headwinds building elsewhere, after Federal Reserve Chairman Jerome Powell signaled the possible accelerated tapering of asset ...