A Brussels labour court ruled on Friday that Deliveroo couriers should be classed as employees, potentially giving them more benefits and overturning an earlier judgment in favour of the British food delivery company.
Truck engine maker Cummins said on Friday it expects to take nearly $2.04 billion in charge in the fourth quarter as it reached an agreement to resolve regulatory claims on its emissions certification and compliance for certain engines.
A long awaited shift in the U.S. Federal Reserve’s monetary policy arrived in December with major developed central banks delivering just one increase and the number of cuts accelerating further in emerging markets.
U.S. equity funds saw significant outflows in the week ended Dec. 20, as investors took profits ahead of a key U.S. inflation report and as enthusiasm over potential rate cuts diminished.
Air Lease said on Friday it had received about $64.9 million in cash as part of an insurance claim settlement for four Airbus jets it had leased to a Russian carrier, which were blocked from leaving the country after Moscow’s invasion of Ukraine.
Bristol Myers Squibb on Friday agreed to buy Karuna Therapeutics for $14 billion, gaining a promising experimental schizophrenia drug to help power growth as patents on its older therapies expire later this decade.
Shipping companies sailing around the Cape of Good Hope to avoid Houthi attacks on the Red Sea face tough choices over where to refuel and restock, as African ports struggle with red tape, congestion and poor facilities, companies and analysts say.
U.S. stock index futures dipped on Friday on caution ahead of a key inflation report, which could test an eight-week long rally driven by optimism that the Federal Reserve could lower interest rates next year.
A Swedish appeals court has rejected Tesla’s attempt to force postal firm PostNord to deliver licence plates to the U.S. automaker, according to a ruling made on Thursday, part of a wider battle between the car company and labour unions.
