September, 2021

• 14 September

  Tesco offers reusable packaging to reduce plastic waste

  

  Bloomberg Customers at some Tesco Plc supermarkets will now be able to purchase products from brands like Coca-Cola and Heinz in reusable packaging to reduce plastic waste. In partnership with Loop, a reusable packaging platform launched by New Jersey-based recycling specialist TerraCycle Inc, Tesco was expected to roll out a trial in 10 supermarkets across the east of England from ...

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• 14 September

  Russia mounts wargames on Nato border as Belarus seeks weapons

  

  Bloomberg Russia is mobilising as many as 200,000 troops in wargames with Belarus, including thousands along their borders with the North Atlantic Treaty Organisation (Nato), as Moscow tightens military links with its isolated ally. Citing what he called “unending hybrid aggression from the West towards Belarus and Russia,” Belarusian President Alexander Lukashenko told troops at the Zapad-2021 wargames that “we ...

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• 14 September

  China urges US to mend ties as Biden weighs trade probe

  

  Bloomberg China urged the US to take steps to repair damaged ties between the two countries, as the Biden administration weighs a new investigation into Chinese industrial subsidies. Foreign Ministry spokesman Zhao Lijian called on the US to uphold the spirit of the telephone conversation last week between President Joe Biden and Xi Jinping. Zhao was responding to a question ...

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• 14 September

  World’s shippers are earning the most money since 2008

  

  Bloomberg The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of Covid-19 drives freight prices ever higher. Whether it’s giant container ships stacked high with of 40-foot steel boxes, bulk carriers whose cavernous holds house thousands of tons of coal, ...

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• 14 September

  Italy billionaires may seek new Generali CEO as battle heats up

  

  Bloomberg Two of the leading investors at Italy’s Assicurazioni Generali SpA are escalating their battle with the insurer’s management in a push that could include replacing Chief Executive Officer Philippe Donnet. Construction magnate Francesco Gaetano Caltagirone and Luxottica founder Leonardo Del Vecchio, who together own about 11% of Generali, reached an agreement to work toward “a more profitable and effective ...

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• 14 September

  UK business warns tax hikes risk strangling GDP growth

  

  Bloomberg UK Prime Minister Boris Johnson risks strangling growth with higher taxes on business to fix the public finances in the wake of the coronavirus pandemic, the country’s biggest business lobby said. The blunt criticism comes less than a week after Johnson and Chancellor of the Exchequer Rishi Sunak raised payroll levies on workers and companies to help fund health ...

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• 14 September

  Uber loses battle over drivers’ rights

  

  Bloomberg Uber Technologies Inc lost another suit over its drivers’ working rights after an Amsterdam court ruled workers who ferry passengers using the Uber app in the Netherlands are covered by a local collective labour law. The legal relationship between Uber and its drivers meets all of the characteristics of an employment contract, the court said in its judgement. Uber ...

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• 13 September

  Greece forecasts fastest GDP growth in two decades

  

  Bloomberg The Greek government raised its growth estimate for 2021, with the country set to repeat the economic performance not seen in about two decades. The revised forecast came after a stronger-than-expected expansion in the second quarter, paving the way for the government to roll out $4 billion of additional tax-relief measures and other assistance to combat rising prices. “Today ...

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• 13 September

  China tech shares decline on latest volley of internet curbs

  

  Bloomberg Chinese technology shares fall once again on Monday on the latest moves from Beijing to reshape online businesses. Traders mulled a report that the government intends to break up Ant Group Co’s Alipay business, a statement calling for better protection of gig economy workers’ rights and latest warning against blocking links to rival services. The Hang Seng Tech Index ...

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• 13 September

  Stocks, futures rise as traders await US CPI

  

  Bloomberg European shares and US futures climbed ahead of critical US inflation data this week that traders will use to assess expectations about the timing of stimulus withdrawal and interest-rate hikes. The dollar edged higher and Treasury yields were little changed. Contracts on the S&P 500 and Nasdaq 100 advanced after indexes ended last week in red. Energy companies led ...

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