• San Francisco Demands Uber and Lyft Driver-Pay Records
San Francisco Demands Uber and Lyft Driver-Pay Records

If the city finds that state standards are not being met, actions by the city or lawsuits challenging the companies' current employment classification of its drivers as independent contractors will "almost certainly follow", according to Curbed San Francisco.

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  • Italian anti-establishment leaders resurrect coalition
Italian anti-establishment leaders resurrect coalition

Alfonso Bonafede takes on the role of justice minister. The last-minute compromise appointment of Giovanni Tria as economy minister was aimed at calming European Union leaders' jitters. Conte's government will now seek confidence votes there early next week in order to be fully empowered. She also stressed the two country's shared history...

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  • United States jobless rate falls to 18-year low
United States jobless rate falls to 18-year low

NJ gov signs bill to skirt GOP tax law provision Economy adds 164K jobs in April, unemployment lowest since 2000 Trump thrives on uncertainty; trade talks depend on it MORE , former chairman of the Council of Economic Advisers (CEA) under President Obama, responded to Trump "if this tweet is conveying inside information about a particularly go...

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  • Uber and Google's Waymo in Talks About Partnership
Uber and Google's Waymo in Talks About Partnership

Uber chief executive Dara Khosrowshahi has said his company is in talks with Google-owned self-driving company Waymo in order to bring its autonomous cars to Uber's network of vehicles. Larger stock investments are normally made by Buffett, but he has handed over more responsibility to his investment deputies Todd Combs and Ted Weschler in re...

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  • Canada's Justin Trudeau says NAFTA talks broke down after Pence made ultimatum
Canada's Justin Trudeau says NAFTA talks broke down after Pence made ultimatum

Taken with Trump's statement, that signals the NAFTA partners are entrenched - and the window Trudeau saw to sew up a deal may have closed. "Americans remain our partners, friends, and allies", Trudeau said. "They must open their markets and take down their trade barriers!" he wrote. He estimated the USA tariffs would affect $4 billion in trade b...

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  • Bank of Canada drops cautious language as it holds rates steady
Bank of Canada drops cautious language as it holds rates steady

Canada's central bank left interest rates on hold for a third straight decision Wednesday, but gave an upbeat assessment of the economy and removed some of its more cautious language, potentially indicating a greater willingness to return to a hiking cycle.

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  • Chick-fil-A restaurant in CA will pay employees $17 an hour
Chick-fil-A restaurant in CA will pay employees $17 an hour

That's compared to California's minimum wage of $11 an hour. The company is creating a work environment that will help bolster an individual's ability to "raise a family", and "improve their lifestyle", whilst stating how "the people are the real key to a successful business".

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  • Trudeau: Mike Pence's Demand Sank NAFTA Talks
Trudeau: Mike Pence's Demand Sank NAFTA Talks

Earlier Thursday, Trudeau announced retaliatory tariffs in response to US duties on steel and aluminum made in Canada , Mexico and European Union nations. He says the visit was called off after he made it clear to Pence that no Canadian leader would sign a deal containing a sunset clause. The White House said that Pence and the president, as w...

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  • U.S. allies to fight Trump's tariffs plan, warn of trade war
U.S. allies to fight Trump's tariffs plan, warn of trade war

Throughout these talks, the USA has sought to use the threat of trade restrictions as leverage to obtain concessions from the EU. French President Macron told Trump in a telephone call that the tariffs were "illegal" and said Europe would respond in a "firm and proportionate manner".

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  • Trump hints at strong jobs report ahead of its release
Trump hints at strong jobs report ahead of its release

The strong numbers come as some economists worry that a threatened trade war could damage the United States economy and as investors fret that the news will further pressure the Federal Reserve to speed up the rate at which it increases interest rates.

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  • OECD: Trade friction poses risk to global economy
OECD: Trade friction poses risk to global economy

OECD Secretary-General Angel Gurria says policy actions in one major economy are more than ever likely to be felt strongly in the rest of the world. The good news is, among other things, that the OECD expects unemployment to continue to decrease, as well as the public debt, which could be shrunk to 100% of GDP in 2019.

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  • Italy government: Giuseppe Conte again asked to be PM
Italy government: Giuseppe Conte again asked to be PM

Salvini and Di Maio had agreed when they first tried to form a government that Giuseppe Conte, a little-known law professor, would be prime minister. Once installed in Rome, the new government is likely to take a Euroskeptic stance and clash with Brussels on the EU budget, immigration and European sanctions against Russian Federation, where it ...

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  • Deutsche Bank's U.S. subsidiary put on federal agency list of 'problem' banks
Deutsche Bank's U.S. subsidiary put on federal agency list of 'problem' banks

This comes after a ratings downgrade and a share price slide in the wake of a report saying the United States regulator viewed the lender as "troubled" a year ago. "The bank appears set for a period of sustained underperformance compared with peers, many of whom have now finished restructuring", the ratings agency said.

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  • Super system 'could be retired'
Super system 'could be retired'

Under the commission's recommendations, the Fair Work Commission would be stripped of its power of administering the process for becoming a default-listed fund in awards. "Most (fund) members are in funds that deliver good investment returns, but millions of members are in funds that persistently underperform - over one in four funds", said Karen C...

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  • Asian shares fall sharply as Italian crisis hits world markets
Asian shares fall sharply as Italian crisis hits world markets

Italy's 10-year yield sank 25 basis points to 2.916 percent. The Bloomberg Dollar Spot Index fell 0.6 percent, the largest decrease in nearly three weeks. ANALYST'S VIEWPOINT: "Worries over geopolitics look set to hit Asia after sweeping through Europe and also the U.S.at the start of the week". The FTSE MIB is set to extend its 2.6% losses fro...

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  • India continues to be world's fastest growing major economy
India continues to be world's fastest growing major economy

Courtesy to the rise in the GDP growth during three months of March, India surpassed China's GDP growth of 6.8 per cent reported for the quarter ended March. Rating agency ICRA has estimated the GDP growth rate for India in Q4 of FY18 is expected to be at 7.4%. Sound macroeconomic management by the government was boosting growth and investm...

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  • White House trade adviser says China trade dispute was never 'on hold'
White House trade adviser says China trade dispute was never 'on hold'

The White House said the list of affected Chinese items will be announced by June 15, and the tariffs will go into effect soon after that. "As President Trump said we lost the trade war long ago..." " China imposes much higher tariffs on USA exports than the United States imposes on China", the White House complained.

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  • Canada's Trudeau blasts
Canada's Trudeau blasts "totally unacceptable" Trump tariffs, announces counter-tariffs

In a statement , European Commission President Jean-Claude Juncker said "this is protectionism, pure and simple". The Mexican government said that the U.S. German Chancellor Angela Merkel said the European Union response will be "intelligent, decisive and joint", adding that the tariffs are incompatible with WTO rules.

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  • Turkey hits back at Macron over 'dictator' magazine cover
Turkey hits back at Macron over 'dictator' magazine cover

Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan on Tuesday once again emphasized the importance of a political settlement of the Syrian crisis. The regulator added that the overnight borrowing and lending rates will be determined at 150bp below and above the one-week repo rate. The late liquidity window rat...

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  • Starbucks Stores Begin to Shut for Worker Anti-Bias Training
Starbucks Stores Begin to Shut for Worker Anti-Bias Training

There did not seem to be any reasoning for the arrests , as the men sat without ordering anything. "There needs to be a culture created where employees really buy-in to this idea, that it's been beneficial to them as individuals, not simply for the company itself but for them as individuals to avoid discriminatory behaviors".

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  • Waymo Expands Chrysler Self-Driving Fleet 100-Fold to 62,000
Waymo Expands Chrysler Self-Driving Fleet 100-Fold to 62,000

In other words, the public may someday be able to buy a self-driving Fiat Chrysler vehicle of their very own. If a licensing deal were to materialize, it would be non-exclusive, according to Waymo. Waymo does not intend to make cars itself. The order builds off of FCA's previous commitment , announced in January, to deliver thousands of vehicles t...

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  • U.S. slaps steel tariff on Canada, Mexico and European Union
U.S. slaps steel tariff on Canada, Mexico and European Union

European Commission President Jean-Claude Juncker told AP that "it's totally unacceptable that a country is imposing unilateral measures when it comes to world trade". Despite media speculations that the United States could possibly introduce long-term exemptions from the tariffs for its close allies, Trump has opted for moving ahead with steel and...

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  • The euro is sliding amid political uncertainty in Italy
The euro is sliding amid political uncertainty in Italy

The populist 5-Star Movement came out as the single largest party in Italy's March elections, capturing almost a third of the vote. Ratings agency Moody's hinted on May 25 that it may look to review Italy's debt rating, citing concerns over the two anti-establishment parties' fiscal plans that could ratchet up spending by as much as €100 bill...

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  • Wall Street falls on Italy political turmoil
Wall Street falls on Italy political turmoil

United States stocks suffered steep losses on Tuesday, with the main indexes posting their biggest one-day percentage drops in a month, as political turmoil in Italy sparked concerns about the stability of the eurozone, Reuters reports. The Dow Jones Industrial Average saw a 300-point rise, boosted by The Boeing Company ( NYSE:BA ), Chevron C...

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  • 2-Day Bank Strike: 40,000 Bank Employees take part in Odisha
2-Day Bank Strike: 40,000 Bank Employees take part in Odisha

The UFBU is angry over a proposed 2% wage hike, which IBA justified "in view of the (massive) bad loans ". In comparison, in the last wage settlement, for the period November 2012 to October 2017, IBA had given a wage hike of 15 per cent.

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