South Africa at Loggerheads With Unions Over Airline Overhaul

In this article Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter South Africa’s Department of Public Enterprises announced its withdrawal from a panel that was established to facilitate talks with the troubled national airline’s workers about its planned overhaul, accusing three labor unions of undermining its work and putting jobs at risk. South African Airways […]

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JPMorgan Says Technical Issue Affected Accounts, Now Fixed

A technical glitch resulted in some JPMorgan Chase & Co. account balances failing to update overnight, though the issue has been resolved, a bank spokeswoman said Sunday. Customers earlier took to Twitter to complain about discrepancies in their accounts, with the hashtag #chasebank trending online. Some claimed thousands of dollars were missing or added to their accounts, while others reported […]

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Kharif crop sowing picks up pace as monsoon moves in

Data from department of agriculture showed that kharif crops had been sown in around 31.56 million hectares till Friday, which was 104.25 per cent more than the same period last year. Acreage of almost all crops was higher than last year.  The India meteorological department said on Friday that the southwest monsoon had covered the entire country, almost two weeks […]

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Peru to Ease Quarantine Measures Amid Deep Economic Slump

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Peru will lift quarantine measures for most of the country starting July 1, easing one of the world’s strictest lockdowns as it faces a severe economic slide. Mandatory isolation orders will end for all […]

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Swiss Opposition Grows to Legal Change That Could Help Out UBS

A law that would allow Swiss companies, including banking giant UBS Group AG, to deduct foreign financial fines from their tax bills may face hurdles after opposition parties vowed to rally popular support against the measure in a possible referendum. Green and left-leaning politicians who voted against the plan in parliament have called for action to collect signatures for a […]

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What Racial Inequality Means When You Go to the Bank

Protests over racial injustice that started over police brutality are now raising questions for American banks. Critics say Wall Street has contributed to stark racial gaps in income and wealth. They argue lenders have long withheld credit from African-American businesses and homeowners and charged them higher rates. There’s even a hashtag, #BankingWhileBlack, for sharing experiences of racial profiling in bank […]

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Amazon, Overstock Win Lucrative E-Commerce Portal Contracts

Amazon.com Inc., Overstock.com Inc., and Fisher Scientific Inc. have won highly lucrative U.S. government e-commerce contracts, giving them the power to control how vendors sell billions of dollars in goods to federal agencies. The General Services Administration announced on Friday that it had chosen the companies to develop portals to sell products such as office supplies to federal agencies, opening […]

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WGA East Reaches Deal With Slate To Save Staff Jobs Through Temporary Cuts In Hours & Pay

With newsrooms across the country reeling from the loss of advertising revenue due to the COVID-19 pandemic, and vowing to become more racially sensitive and inclusive during the ongoing nationwide social justice movement, the WGA East and Slate have agreed to launch a work-share program and new editorial guidelines for the online magazine’s editorial and podcast staffs in New York, […]

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U.S.-EU Discord Imperils Rebound in Prime Trans-Atlantic Flights

In this article A delay in opening up travel between the U.S. and the European Union would stunt a rebound in trans-Atlantic flights that are the industry’s biggest profit generators. Carriers like British Airways and Delta Air Lines Inc. ply skies between North America and Europe that far and away comprise the biggest market for premium long-haul travel. Almost 40% […]

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