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A better deal for Uber drivers in UK, but Australia's ‘gig workers' must wait Sunday, April 4, 2021 10:37 AM UTC Uber’s announcement earlier this month it will now treat its drivers in the United Kingdom as “workers” rather than “independent contractors” is a significant development for the so-called gig economy. It follows Uber losing a five-year legal battle to avoid doing just that. In 2016 two British drivers, James Farrar and Yaseen Aslam, successfully argued before an employment tribunal that Uber was wrong to treat them as independent contractors. The tribunal ruled they were “workers” under British employment law, with rights to entitlements including a minimum wage and holiday pay.
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
Nawal El Saadawi’s intellectual life reflected eight decades of Arab society and culture Sunday, April 4, 2021 10:20 AM UTC Egypt’s Nawal El Saadawi was the foremost Arab feminist thinker of the past 50 years. Her ideas inspired generations of Arab women, but also provoked controversy and criticism. She was prolific, publishing over 50 books of fiction and non fiction in Arabic, many translated and receiving global attention. Focusing on sex, politics, and religion, El Saadawi believed that patriarchy, capitalism and imperialism are intertwined systems that oppress Arab women and prevent them from reaching their full potential. The trajectory of El Saadawi’s intellectual life follows major developments in Arab society and culture from the 1940s to the present. To understand her contribution, it’s important to see her in the context of the historical moment that made her work possible, necessary and provocative.
Politicians have 'washed their hands' and blamed others since Jesus's crucifixion Sixth-century mosaic depicting Jesus before Roman governor Pontius Pilate washing his hands, at Sant'Apollinare Nuovo, Ravenna, Italy. (Nick Thompson/Flickr), CC BY-NC-SA Sunday, April 4, 2021 10:28 AM UTC Handwashing has gotten substantial coverage this past year during the COVID-19 pandemic, and not just for hygiene. You may have encountered some of the many accusations in both the U.S. and Canada that a politician has “washed his hands” of pandemic responsibilities. Sometimes the reference includes a nod to the historical figure associated with this phrase: Recently in the U.S., a conservative commentator faulted President Joe Biden, saying he is “like Pontius Pilate: just washes his hands and stays quiet.”
To say it’s been a rough year for the restaurant industry is an understatement. Restaurants across Canada have suffered immensely from stay-at-home orders, strict in-person seating capacity restrictions and other lockdown measures induced by the COVID-19 pandemic. Ten per cent of Canada’s independent restaurants have already permanently shut down in light of pandemic-related hardships, and recent estimates project that another 40 per cent may not survive beyond March 2021. To remain afloat during these trying times, many restaurants have relied — often reluctantly — on food delivery applications like Uber Eats, Door Dash and Skip the Dishes, despite recognizing the untenability of the high commission fees they command, some as high as 30 per cent.
Swaps, options and other derivatives aren't just for the financial elite Wall Street Sign. Credit: Ramy Majouji Sunday, April 4, 2021 9:36 AM UTC One of the biggest trends in economics over the past 40 years has been so-called “financialisation” – whereby an increasing proportion of GDP in advanced economies comes from the financial sector. This has involved the development of ever more sophisticated “financial instruments” such as swaps, options and other derivative securities. The global mobility of financial capital has also given banks and hedge funds massive piles of money with which to make leveraged bets on everything from stock prices to the fourth derivative of the volatility of South American currencies — which is (I kid you not) a contract on the rate of change on the rate of change on the rate of change in currency value.
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.