Three U.S. senators urge Amazon’s Bezos to check driver abuse
Three U.S. senators on Thursday said Amazon.com Inc should stop working with delivery contractors that violate labor laws by imposing unfair conditions on drivers delivering packages for the e-commerce company.
Ahead of renewed talks, Washington, Beijing prepare ground for trade deal
The United States on Thursday welcomed China’s promise to buy agricultural goods while maintaining the threat of U.S. tariff hikes as the world’s two largest economies sought to prepare the ground for upcoming in-person talks.
ECB’s Draghi faced pushback from heavyweights on new bond buys: sources
European Central Bank President Mario Draghi faced pushback from the representatives of Germany and France as well as at least one of his own board members on Thursday when he pushed for resuming the ECB’s bond-buying program, three sources told Reuter…
ECB’s tiered rate is cold comfort for euro zone banks
The European Central Bank is giving euro zone banks a small reprieve from a penalty charge on their idle cash but this is likely to prove too little, too late for a sector hurt by years of low interest rates.
U.S. flags Huawei 5G network security concerns to Gulf allies
The United States has raised its concerns with Gulf allies over a possible security risk in using Huawei’s technology for their 5G mobile infrastructure, U.S. officials said on Thursday.
Stocks climb, bond yields off lows, on trade progress hopes
A gauge of global stock markets touched its highest since late July on Thursday after fresh hints of progress in the U.S.-China trade dispute, sending bond yields off lows hit earlier in the wake of the European Central Bank’s new stimulus measures.
Uber is sued over resistance to California ‘gig’ employment law
A driver for Uber has sued the company for misclassifying its drivers as independent contractors, hours after California legislators voted to help thousands of those workers become, and enjoy the benefits of being, employees.
U.S. core inflation firming, but Fed still seen cutting rates
U.S. underlying consumer prices increased solidly in August, leading to the largest annual gain in a year, but rising inflation is unlikely to deter the Federal Reserve from cutting interest rates again next week to support a slowing economy.
Deutsche Bank is first to settle Fannie Mae, Freddie Mac bond-rigging lawsuit
Deutsche Bank AG will pay $15 million to resolve claims it conspired to rig prices of bonds issued by Fannie Mae and Freddie Mac , becoming the first of 16 financial services companies to settle litigation by investors.
Wall Street gains on easing trade concerns, euro zone stimulus
U.S. stocks gained in morning trading on Thursday after the United States delayed scheduled tariff hikes on billions worth of Chinese imports, and the European Central Bank launched a stimulus drive to boost the ailing euro zone economy.
