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US ship logjam stretching far into Pacific is longer than ever

Bloomberg The number of container ships headed for the busiest US port complex has risen to close to 100 under a new counting method, underscoring the magnitude of the economy-restraining logjam that the Biden administration is trying to help alleviate. The backup outside the adjacent ports of Los Angeles and Long Beach, California, involves 96 container carriers, up from 86 ...

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Denmark plans to cut fiscal stimulus

Bloomberg Denmark’s government plans to reduce fiscal stimulus next year, citing an “incredible” shape of the Nordic economy in a budget deal agreed by the ruling Social Democrats and their supporting bloc in parliament. Measures including a tax cut for home improvement services would have a limiting effect on the gross domestic product of 0.1%, the finance ministry said in ...

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Uber loses UK court fight over London business model

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 ...

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