Copyright Getty Images US banking giant Citigroup has asked a federal court to order hedge fund Brigade Capital to return $ 176 million (£ 134m). The money is part of the $ 900 million that the bank accidentally transferred to creditors of wrestling cosmetics company Revlon. The bank says it …
Read More »Monthly Archives: August 2020
Marks & Spencer to cut 7,000 jobs
Pedestrians wearing or covering a face mask due to the COVID-19 pandemic will walk past an M&S (Marks and Spencer) store in central London on 20 July 2020. tolga akmen / Agence France-Presse / Getty Images Marks & Spencer, the iconic but struggling UK retailer, said on Tuesday that it …
Read More »Turkey, Greece clash over oil and gas in the eastern Mediterranean
Seismic research vessel Oruc Reis, one of 5-6 fully equipped and multi-purpose research vessels in the world, is seen as ready for a new seismic research activity in the eastern Mediterranean Sea in Antalya, Turkey on 22 July. 2020. Orhan Cicek | Anadolu Agency via Getty Images An intense dispute …
Read More »Uber and Lyft consider franchise-like model in California
OAKLAND, California – Uber and Lyft, who are facing mixed pressure to classify their freelance drivers as full-time employees in California, are looking for another way. One option that both companies are seriously considering is licensing their brands to car fleet operators in California, according to three people with knowledge …
Read More »5 things to know before August 18: Coronavirus, DNC, USPS, Economy, Taiwan
Here’s what you need to know Come up with your day with speed and through. (You can also have “5 Things You Need to Know Today” delivered to your inbox every day. Sign in here.) 1. Coronavirus First the good news: A recent round of studies shows that humans have …
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