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Uber customer claims company won price-fixing suit because arbitrator was scared

An Uber customer on Friday asked a Manhattan federal judge to overturn an arbitration win for the company in a price-fixing case, arguing that the arbRead More

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In Chicago’s Little Village, federal aid begins to 2020-05-26 15:16:00Slow in coming to minority firms, the government’s Paycheck Protection Program is now offering a lifeline. But for some, it may not tide them ov

US unemployment rises to 39 million as states 2020-05-21 11:47:40The latest U.S. unemployment number increased by 2.4 million to 39 million. But some companies have begun to rehire a limited number of their laid-o

Where’s the beef? Pandemic exposes cracks in US 2020-05-19 13:15:00Most Americans have grown accustomed to plentiful food. The pandemic has exposed shortcomings in a complex and often convoluted U.S. food system.

Another big job-loss wave looms: state and city 2020-05-19 10:34:00A steep downturn in the private sector is poised to cause big job losses in state and local governments. Relief could come from Congress.

An impossible comeback? The small New York shops 2020-05-18 14:08:00Even before the pandemic, many small-business owners in New York were operating on small margins. Now they’re facing tough decisions.

U.S. auto industry reopens, sparking hope in job 2020-05-15 12:23:06About half of all auto workers are expected to return to factories next week, which have been shuttered since mid-March due to the pandemic. The cauti

Should jobless renters be evicted or forgiven during 2020-05-13 12:17:14About 43 million households in the United States are renters and as jobless rates continue to spike many are either forgoing or unable to pay rent. Bu

Keep working from home? How office-life will change 2020-05-12 11:30:56Businesses are considering new safety measures for communal workplaces, how to improve online collaborations, and if they need a physical location at

Is this crisis giving capitalism a moral nudge? 2020-05-08 17:06:37Many corporations are boosting pay or health protections for workers in the pandemic – or are facing criticism if they don’t.

Revive economy with virus-immune workers? Not so fast. 2020-05-08 16:17:57The flurry of interest in antibody testing as a shortcut to reopening hard-hit cities like New York has given way to humility.

Ridesharing has plummeted. Can food delivery save Uber? 2020-05-08 13:42:41Uber is cutting 14% of its workforce and offloading its bike and scooter business after losing $2.9 billion in the first quarter. But the company's m

Deceased taxpayers were sent relief checks. Should they 2020-05-08 10:58:00The Trump administration and IRS are urging families to return coronavirus relief payments sent to the deceased, but legal experts say there is no law

Reuters: Business News

BA owner considers legal challenge to UK quarantine New! 2020-06-05 10:05:41The owner of British Airways is considering a legal challenge to Britain's quarantine plan, as relations between airlines and the government are fray

Barclays poaches Citigroup's Chawla in latest insurance investment New! 2020-06-05 10:04:46Gautam Chawla is joining Barclays from Citigroup Inc , a statement from the British lender said on Friday, continuing the recent spate of job changes

Equities surge, bonds tumble on surprise U.S. jobs New! 2020-06-05 09:59:52An unexpected jump in U.S. employment sent world equities surging on hopes that the global economy has started to recover from the coronavirus pandemi

WeWork Global to invest $100 million in India New! 2020-06-05 09:57:29WeWork will invest $100 million in its Indian business as the office-sharing startup looks to ride out the coronavirus crisis, which has kept people i

Bombardier to cut 2,500 aviation jobs as pandemic New! 2020-06-05 09:43:08Canadian plane and train maker Bombardier Inc said on Friday it would cut 2,500 jobs, or about 11% of the workforce at its aviation unit, as the coro

Canada gains surprise 289,600 jobs in May, jobless New! 2020-06-05 09:39:45Canada unexpectedly gained 289,600 jobs in May even as the jobless rate hit a record high at 13.7%, data showed on Friday, buoyed by the loosening of

Wall Street jumps on surprise fall in unemployment New! 2020-06-05 09:36:37U.S. stocks jumped at the open on Friday after a closely watched report showed a surprise drop in the U.S. unemployment rate, lending weight to hopes

U.S. labor market unexpectedly improves in May New! 2020-06-05 09:20:36The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn t

Trump congratulates self on U.S. jobs report, will New! 2020-06-05 09:20:36President Donald Trump on Friday sent a tweet taking credit for a stunning U.S. jobs report that showed the country's unemployment rate dropped durin

Surprise May U.S. payrolls rise fans hopes for New! 2020-06-05 09:20:36The U.S. unemployment rate unexpectedly fell in May and layoffs abated, the Labor Department said on Friday in a report that showed the latest signs t

Oil rises on U.S. jobless drop, OPEC+ meeting New! 2020-06-05 09:15:04Oil prices rose on Friday after an unexpected fall in the monthly U.S. jobless rate and OPEC's decision to bring forward to Saturday discussions on w

Canada adds net 289,600 jobs in May New! 2020-06-05 09:11:14Canada added a net 289,600 jobs in May, with most of the employment gains coming in full time, Statistics Canada said on Friday. The rebound in May hi

The Daily Star

UK banking giants back China’s Hong Kong security 2020-06-04 14:00:00British banking giants HSBC and Standard Chartered on Thursday backed China’s contentious security law proposal for Hong Kong, which critics fea

4 tips to negotiate with suppliers for the 2020-06-04 14:00:00Negotiation is one of the most age-old practices that are still common in the marketplace. If you are a retailer, you must need to bargain with your s

Bangladesh finally gets its own contact tracing app 2020-06-04 14:00:00Bangladesh yesterday rolled out a contact tracing app on a trial basis to warn users if they have been near someone who later tested positive for the

Adani kicks off land development for Indian SEZ 2020-06-04 14:00:00Although most of Bangladesh’s major construction projects were put on hold amid the ongoing coronavirus pandemic, Adani Ports and Special Econom

Govt pledges transparency, addressing banking sector ills to 2020-06-04 14:00:00Bangladesh has pledged to use the emergency assistance from the International Monetary Fund transparently and effectively, ensure fiscal discipline an

SoftBank creates $100m fund for black entrepreneurs 2020-06-04 14:00:00Japanese tech giant SoftBank Group said Thursday it was setting up a $100-million fund for black entrepreneurs, the latest firm aiming to burnish dive

Floor price drags down DSE turnover to a 2020-06-04 14:00:00Turnover on the Dhaka Stock Exchange (DSE) plunged 72 per cent to Tk 42.97 crore yesterday, the lowest in 13 years, as investors refrained from tradin

ECB ramps up eurozone support as pandemic persists 2020-06-04 14:00:00European Central Bank policymakers surprised Thursday with a bigger-than-expected boost to their pandemic emergency bond-buying scheme, adding 600 bil

Massive garment sector job losses likely this month 2020-06-04 14:00:00A considerable number of garment workers might lose their jobs this month as factories are now running at 55 per cent of their capacity because of a t

Economy to blast off again from Oct: IMF 2020-06-04 14:00:00There appears to be glimmer of light at the end of the tunnel after the International Monetary Fund yesterday projected that the Bangladesh economy wo

Priority should be to save lives and then 2020-06-04 14:00:00A hard lockdown on all social, economic and industrial activities is required to bring down the rising number of coronavirus cases in Bangladesh and m

bKash hands 6.5 lakh emergency medical toolkits to 2020-06-04 14:00:00Mobile financial service provider bKash yesterday handed over 6.5 lakh emergency health toolkits, including 50 ventilators, donated by China’s A

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Mallya unlikely to be extradited soon; legal issue New! 2020-06-04 17:48:03Mallya lost his appeals in the UK Supreme Court against his extradition to India to face money laundering and fraud charges

Attempt to cap gas blowout in Assam in New! 2020-06-04 17:15:21Expert team from Singapore to help in stopping the uncontrolled gas flow

Covid-19 pandemic eats into consumer confidence, shows RBI New! 2020-06-04 16:47:00Consumers reported sharp cuts in discretionary spending and also do not expect much improvement in the coming year, the RBI survey said

Leather industry seeks policy, infra makeover to reduce New! 2020-06-04 16:38:39According to commerce ministry data, India imported leather and leather products worth $1.01 billion in FY20

Jewellers opening stores, see demand revival as deferred New! 2020-06-04 16:33:52Mumbai retailers to start odd-even formula, that is, shops on either side of the street opening on alternative days. Initially, more customers may sel

Max Financial says Nippon MF sold its New! 2020-06-04 16:31:03Share sale by fund house had led to speculation on promoters' pledged shares being invoked

DLF's K P Singh retires at 90, son New! 2020-06-04 16:19:32Singh had left an army job in 1961 to join DLF - a company started by his father-in-law in 1946 - and took over as chairman in 1995.

Rajiv Bajaj terms lockdown draconian, says it flattened New! 2020-06-04 16:10:18He says the lockdown has been "bittersweet", but more bitter than sweet if one looks at what is happening to businesses and to the people at large

West Bengal, Maharashtra and Bihar lag in distribution New! 2020-06-04 16:09:30On the other hand, UP has not only distributed its full April quota of 35,000 tonnes of free pulses, but is also preparing to give the May and June qu

Covid-19 crisis: Centre releases Rs 36,400-crore GST compensation New! 2020-06-04 15:58:32States have been up in arms against the Centre over the non-payment of compensation dues according to the calender

Charging interest during loan moratorium 'detrimental', says SC New! 2020-06-04 15:58:09Bench seeks reply from FinMin, RBI; next hearing June 12

Unemployment rate falls to 5.8% in 2018-19 from New! 2020-06-04 15:55:31The unemployment rate in 2017-18 had risen to 6.1%, compared to 2.2% in 2011-12, according to the results of the Periodic Labour Force Survey released

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