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04 Feb, 2023
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Gig companies oppose U.S. push for worker employee status, suggest compromise

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Category: Business

Gig companies oppose U.S. push for worker employee status, suggest compromise

May 23, 2021May 17, 2021 sa-readyorg

Under growing threat by a new U.S. administration insistent on reclassifying ride-hail and food delivery workers as employees with full benefits, gig economy companies including Uber, Lyft, Doordash and Instacart are pushing to keep drivers’ independent contractor status, albeit with Read more

Business

Twitter breaks tech’s blockbuster streak, shares fall on tepid outlook

May 22, 2021May 17, 2021 sa-readyorg

Twitter Inc (TWTR.N) shares sank 11% in post-market trading on Thursday as it offered tepid revenue guidance for the second quarter, warned of rising costs and expenses and said user growth could slow as the boost seen during the coronavirus Read more

Business

BHP’s Mt. Arthur bind illustrates mining’s coal dilemma

May 21, 2021May 17, 2021 sa-readyorg

As BHP Group (BHP.AX) looks at options to spin off or sell its thermal coal assets, the miner is facing pressure from climate conscious investors who want divergent paths and that’s even before getting to the tough task of finding Read more

Business

Sabadell Q1 net profit beats forecasts as UK unit TSB returns to profit

May 20, 2021May 17, 2021 sa-readyorg

Spain’s Banco Sabadell (SABE.MC) said on Friday its British unit TSB swung back to a profit in the first quarter after speeding up a cost-cutting plan, however the group’s bottom line fell 22% as lending income remained under pressure. The Read more

Business

French group Safran maintains forecasts as quarterly sales fall 38%

May 19, 2021May 17, 2021 sa-readyorg

French aero engine and equipment maker Safran (SAF.PA) reported on Friday a 38% drop in first-quarter revenues but maintained full-year forecasts as airlines face a bumpy recovery from the coronavirus pandemic. Chief Executive Olivier Andries said the downturn reflected continued Read more

Business

BNP Paribas beats quarterly expectations as equity trading rebounds

May 18, 2021May 17, 2021 sa-readyorg

France’s BNP Paribas (BNPP.PA) on Friday reported a better-than-expected first-quarter profit, helped by lower provisions for pandemic-related bad loans and a rebound in its equity trading business that the bank aims to expand. The euro zone’s biggest listed lender said Read more

Business

Bundesbank expects chip bottlenecks in German industry to worsen in Q2

May 17, 2021May 17, 2021 sa-readyorg

The chip supply bottlenecks in German industry will likely worsen in the second quarter and lead to an overall weaker recovery of Europe’s largest economy this year, the Bundesbank’s chief economist said on Friday. Shortages of semiconductors and other industrial Read more

Business

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