After legislators in California passed the landmark bill earlier in the week that, if brought into a law, would force companies using the gig economy to identify the gig workers working for them as employees and hence give them benefits… Read More ›
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Ford And GM Poised To Face Competition From Tesla And Rivian In US EV Pickup Truck Segment
For any auto manufacturing company, the United States’ pickup truck market is a very lucrative one. This auto segment accounted for about 33 per cent of the total sale of Ford, GM, and Fiat Chrysler in the second quarter alone…. Read More ›
A No-Deal Brexit Could See BMW Workers Facing Two Weeks Of Unpaid Leave
In case of major disruption to business because of a no deal Brexit, unpaid leave for two weeks or more would be forced on its workers at its Mini plant in Oxford in the United Kingdom, said BMW. The company’s… Read More ›
Landmark Gig Economy Rights Bill Passed By California
The US state of California has passed a legislation that would allow workers in the gig economy to demand holiday and sick pay. This is considered among first legislations in the world that can upend and significantly affect the business… Read More ›
Libra Association Wants License From Swiss Payments Body For Facebook’s Libra
According to a Reuters report, a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) is being sought by social media company Facebook for its planned digital coin project Libra. Its choice to coordinate and get regulated by a… Read More ›
Some US Goods Exempt By China From Tariffs Ahead Of Fresh Trade Talks
Just days before a planned face to face meeting between the trade representatives of the United States and China, Beijing announced its decision to exempt 16 types of US products imported into the country from tariffs. The Chinese Ministry of… Read More ›
US Economy Could Be Hit By A ‘Shallow Recession’, Says CLSA
A “shallow recession” is likely to hit the United States, opined Eric Fishwick, chief economist at Hong Kong-based investment bank CLSA. Fishwick also said that a slowing global economy and an escalating trade dispute between the US and China is… Read More ›
EU Supports Economic Changes Cuba, Discards US Pressure
The recent effort of Cuba to formulate and implement a modernization of its economy would be willingly supported by the European Union (EU), said High Representative for Foreign Affairs and Security Policy of t EU, Federica Mogherini, on Monday. “We… Read More ›
Privacy Row Ignited After Chinese Deepfake App Zao Goes Viral
There is a raging privacy row in China over a new Chinese app that allows its users to convincingly swap their faces with film or TV characters. The app has fast gained popularity in the country and has become the… Read More ›
WeWork To Bring Down Its IPO Valuation Drastically: Reports
After Uber and Lyft, WeWork is one of the companies of the United States whose decision and announcement to become publicly listed as a tech company this year is being closely watched by investor with enthusiasm and expectations. However the… Read More ›
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