Shares of Kenyan marketing company WPP Scangroup plunged by more than 7% on Friday, after the firm suspended its chief executive to investigate allegations of gross misconduct.
By Reuters Staff
4 Min Read
(Reuters) - Britain’s Supreme Court ruled on Friday that a group of Uber drivers were entitled to worker rights such as the minimum wage, in a blow to the ride-hailing service that has ramifications for millions of others in the gig economy.
FILE PHOTO: An Uber pick-up location is pictured in San Diego, California, California, September 30. 2019. REUTERS/Mike Blake
Uber drivers are currently treated as self-employed, meaning that by law they are only afforded minimal protections, a status the Silicon Valley-based company sought to maintain a long-running legal tussle.
The company faces legal action in several cities around the world and has drawn criticism that its vehicles increase congestion and take business from regular taxis.
Christoph Steitz, Tom Käckenhoff, Arno Schuetze
3 分钟阅读 Liberty Steel had submitted non-binding bid for unit Liberty Steel remains open for talks with Thyssenkrupp Shares down 4.8% (Adds comments from Liberty Steel’s Gupta, updates shares)
By Christoph Steitz, Tom Käckenhoff and Arno Schuetze
FRANKFURT, Feb 18 (Reuters) - German conglomerate Thyssenkrupp ended talks to sell its steel division to Britain’s Liberty Steel due to differences over value, the latest setback in efforts to consolidate the European sector.
Liberty Steel, led by commodities tycoon Sanjeev Gupta, last month submitted a firmed-up non-binding bid for Thyssenkrupp’s steel unit, Europe’s second biggest in terms of sales, which sources said included commitments to protect jobs and sites.
4 Min Read
MELBOURNE (Reuters) - Fortescue Metals Group boosted its dividend payout on Thursday but a cost blowout at a key development project in Western Australia tarnished its ambitions to become a green energy powerhouse.
FILE PHOTO: The logo of Australia s Fortescue Metals Group (FMG) can be seen on a bulk carrier as it is loaded with iron ore at the coastal town of Port Hedland in Western Australia, November 29, 2018. Picture taken November 29, 2018. REUTERS/Melanie Burton
The world’s fourth-largest iron ore miner now sees costs at its Iron Bridge magnetite project at $3 billion, $400 million more than its previous estimate as it postponed the timing of first production to the second half of 2022 from the first half.
(Reuters) - “In short, I like the stock.”
Reddit logos are seen displayed in this illustration taken February 2, 2021. REUTERS/Dado Ruvic/Illustration
That is the key takeaway for Reddit’s Wallstreetbets army of retail traders to upcoming testimony to Congress from Gamestop super-bull Keith Patrick Gill.
The 34-year-old from Massachusetts who became the Pied Piper in a massive GameStop rally fueled by a Reddit discussion group will tell a Congressional hearing on Thursday that his enthusiasm for the struggling videogame retailer is backed up by his own research.
Social media platforms including Youtube, where Gill is known as Roaring Kitty , and Reddit s Wallstreetbets discussion group level the playing field for small investors competing against hedge funds and other institutional investors, Gill said in a copy of his remarks here published by the House Financial Services Committee a day before the scheduled hearing.