September, 2020

• 8 September

  Biden plan to improve 401(k) does opposite

  The presidential campaign of Joe Biden and Kamala Harris has a proposal aimed to restore the value of 401(k) and other deferred tax retirement plans for young median-wage workers. It’s a step almost exactly in the wrong direction. Under current policy, standard deferred tax retirement plans, including 401(k)s, IRAs and other variants, are taxed at distribution time rather than contribution ...

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• 8 September

  Brexit threatens to strip UK pilots of right to fly EU planes

  

  Bloomberg British pilots already fearing for their jobs as the coronavirus crisis hammers air travel face a new risk as a potential no-deal Brexit threatens to deprive them of the right to fly EU-registered planes. With the UK’s split from the EU set to be completed on December 31, there’s no agreement in place that would allow aviators holding UK ...

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• 8 September

  PizzaExpress plans to shut 73 UK restaurants

  

  Bloomberg PizzaExpress’s creditors approved a company proposal to cut rents and shut 73 of its UK restaurants as part of the chain’s effort to fix its finances amid the economic slump. The plan will put 1,100 job at risk. Almost 90% of the firm creditors and a majority of landlords supported a so-called Company Voluntary Arrangement proposed by the company, ...

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• 8 September

  Smartphones-in-trees scheme thwarted, say Amazon drivers

  

  Bloomberg Amazon.com contract drivers have noticed a sudden change in how the company assigns delivery routes, a sign that it has found a way to prevent rogue operators from gaming the system to snatch orders first. Bloomberg revealed that drivers were putting smartphones in trees outside Whole Foods and Amazon delivery stations in the Chicago area to get a jump ...

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• 8 September

  Airplane cabins may look different next time you fly

  

  Bloomberg Headrest canopies and fabric barriers between seats could start appearing in airplane cabins as the embattled industry tries to ward off the coronavirus. Airlines desperate for governments to lift travel restrictions and passengers to return are looking at ways to reassure the public that their health won’t be compromised on a flight. New-look seats and fresh cabins could be ...

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• 8 September

  Ryanair eyes euro bond in test of virus impact

  Bloomberg Ryanair Holdings Plc is readying its first euro-bond sale since 2017, testing investor appetite for high-grade airline debt amid coronavirus travel upheavals. Europe’s biggest discount carrier will speak to investors on Monday about a potential five-year bond of at least 500 million euros ($592 million), according to a person familiar with the matter, who asked not to be named ...

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• 8 September

  Kay Jewelers owner shares climb

  Bloomberg Signet Jewelers Ltd, the owner of jewellery chains Jared and Kay, gave another sign the US jewellery industry is past the worst of it, with preliminary comparable sales turning positive in August following a challenging start to the summer. Shares rose. After reporting a 31.3% decline in same-store sales in the second quarter ended on August 1, the company ...

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• 8 September

  China, India trade charges of violating border firearm curbs

  

  Bloomberg India and China accused each other of firing warning shots in the air along their disputed Himalayan border for the first time in more than four decades in a new sign of friction days after top officials on both sides agreed to defuse tensions. Indian troops “illegally crossed the Line of Actual Control on the southern bank of Pangong ...

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• 8 September

  Irish PM warns Boris Johnson over Brexit divorce deal

  

  Bloomberg Irish PM Micheal Martin warned Boris Johnson against tampering with the Brexit divorce agreement he signed last year, saying doing so would torpedo any trade deal between Britain and the European Union. “The Withdrawal Agreement is an international treaty, and we expect the UK government to implement and to adhere to what was agreed,” Martin said in an interview ...

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• 8 September

  Abducted Belarus opposition leader detained amid crackdown

  

  Bloomberg Belarus said Maria Kalesnikava, one of the Belarusian opposition’s top organisers, was detained at the border with Ukraine after being reported missing as President Alexander Lukashenko targets leaders of month-long protests against his 26-year rule. Two of Kalesnikava’s colleagues on the united opposition’s coordinating council, spokesman Anton Radniankou and its executive secretary Ivan Krautsou, crossed into Ukraine, leaving Kalesnikava ...

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