Stuff that matters
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
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
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
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
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
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
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