Bloomberg Baristas at an experimental Starbucks-Amazon Go store in New York narrowly rejected union membership, the latest setback for the US labour movement. The workers, who legally work for Starbucks Corp, requested a union election because they said the tie-up between the coffee chain and Amazon.com Inc doubled their workload with no additional pay. The vote was very close, …

  Bloomberg Zambia is looking to sell a Gulfstream G650ER jet bought for the presidency for $194.9 million in 2019 as it seeks to cut costs. President Hakainde Hichilema pledged to offload the plane once elected, and hasn’t used it since taking office in August last year, opting rather for commercial flights or an older presidential jet. The previous administration …

  Bloomberg Initial public offerings are heading for their longest drought since the global financial crisis — and bankers don’t expect a revival anytime soon. A mix of rising inflation and interest rate hikes aimed at taming it have hurt stock market valuations and eroded investor appetite for the high-growth IPO candidates that have driven deals in recent years. Just …

  Bloomberg Bitcoin dropped back below $17,000 and several smaller cryptocurrencies referred to as altcoins posted significantly steeper declines as concern increases that the digital-asset market’s woes are far from over. The largest token dropped as much as 3.7% to $16,762. Bitcoin reached its highest price since Sam Bankman-Fried’s crypto empire filed for bankruptcy last month. Ether declined as much …

Bloomberg A cofounder of the OneCoin pyramid scheme pleaded guilty to his role in the global, multibillion-dollar fraud. Karl Sebastian Greenwood admitted OneCoin, which he founded in 2014 with Ruja Ignatova, the so-called “Cryptoqueen,” was based on a phony cryptocurrency. Greenwood, who was arrested in Thailand in 2018 and extradited to the US, pleaded guilty to three criminal counts of …

  Bloomberg The Bank of Japan (BOJ) in the coming week is widely expected to stick with the negative interest rates that set it apart from the world’s other major central banks. At the decision due on Tuesday, Governor Haruhiko Kuroda will reiterate his out-of-sync stance that monetary stimulus must stay in place to secure lasting inflation. That’s in contrast …

  Bloomberg Wall Street banks’ interest in crypto has significantly fallen off as digital-asset prices have tumbled, according to a top US financial regulator. “A lot of the crypto curiosity went away,” Michael Hsu, acting head of the Office of the Comptroller of the Currency, said in an interview at Bloomberg’s Washington bureau. “I would be astounded if a lot …

  Bloomberg Swiss National Bank (SNB) President Thomas Jordan has voiced support for Credit Suisse Group AG doing less investment banking, as the lender struggles to recover from billions in losses over the past two years, recent client defections and asset outflows with a strategy revamp. “We appreciate that Credit Suisse is focusing on its strengths,” Jordan told Swiss radio …

  Bloomberg When a six-year-old boy first “woke up” the Gitamini robot, his parents were surprised he didn’t flinch — robots these days tend to be ominous. But as November leaves swirled around the sidewalk meet-cute, the squat personal droid gave a friendly “chirp” and popped up on its two large wheels, ready to follow a new friend. Service robots …

Bloomberg Twitter has started to restore accounts that were suspended for breaking platform rules and the company plans to reinstate more over the next 30 days. In a series of tweets, Twitter said it had identified several policies where permanent suspension was a “disproportionate” action for breaking rules. The company said reinstated accounts still need to comply with its rules. …