Promo menarik pada undian Data SGP 2020 – 2021.
- 12.03pm GMT 12:03 Germany cuts 2021 growth forecasts amid fears of Covid-19 third wave
- 11.40am GMT 11:40 Lawyer: is Uber cherry-picking workers rights?
- 11.15am GMT 11:15 Union to continue litigation against Uber
- 10.50am GMT 10:50 US Treasury yields hit 13-month high ahead of Fed decision….
- 9.25am GMT 09:25 IEA: oil supercycle unlikely
- 9.13am GMT 09:13 Global oil demand ‘could exceed pre-Covid levels without clean energy moves’
- 8.28am GMT 08:28 Introduction: Markets edgy ahead of Fed decision
12.17pm GMT 12:17
12.06pm GMT 12:06
12.03pm GMT 12:03
Germany cuts 2021 growth forecasts amid fears of Covid-19 third wave
Updated at 12.09pm GMT
11.40am GMT 11:40
Lawyer: is Uber cherry-picking workers rights?
11.29am GMT 11:29
11.15am GMT 11:15
Union to continue litigation against Uber
The union which took Uber to court over its treatment of drivers is pledging to press on with its legal fight, arguing that the ride-hire firm is still ‘short-changing them’.
Last night Uber announced it would pay its UK drivers a minimum hourly wage, holiday pay and pensions – seen as a landmark moment in the gig economy world.
But that pledge will only apply when drivers are actually transporting a passenger, rather than when they’re logged into the Uber app waiting for a fare.
That, the App Drivers and Couriers Union tells my colleague Joanna Partridge, isn’t enough.
Former Uber driver James Farrar, one of the lead claimants who brought the original employment case against the ride-hailing firm, has promised “more litigation” against the company.
After last month’s landmark supreme court ruling, Uber accepted the drivers would be classed as workers in line with the ruling and said it would guarantee its 70,000 UK drivers a minimum hourly wage, holiday pay and pensions from today. But Farrar, who heads the App Drivers and Couriers Union along with fellow former driver Yaseen Aslam, said the announcement didn’t change anything.
“Uber is looking to short-change drivers, to not pay them for 40%-50% of their true working time, and I don’t know of any other situation where workers would accept that, I am not sure why Uber drivers should be expected to accept that either,” Farrar said.
“It doesn’t change anything for us.”
Farrar explains the problem:
“The parallel I would use is think of somebody working for Starbucks, we don’t say to a barista we will only pay you now for when you are making the coffees, and any other time you are there, and you will be required to be there, we won’t pay you.
We don’t say to people working for Marks & Spencer we will pay you less on a Monday as it’s less busy and pay you more on a Saturday as there are more customers,”
Calling on the government to enforce the law, he said “as long as Uber continues to operate outside the law, we will continue with our litigation”.
“Uber has come here now with something that is a day late and dollar short, we would never accept that. As a trade union we can’t accept something that’s below legal minimums,”
Sarah O’Conner of the FT has tweeted this point too:
Updated at 11.16am GMT
10.50am GMT 10:50
US Treasury yields hit 13-month high ahead of Fed decision….
Updated at 10.51am GMT
10.33am GMT 10:33
10.18am GMT 10:18
10.00am GMT 10:00
Updated at 10.11am GMT
9.46am GMT 09:46
Updated at 9.50am GMT
9.25am GMT 09:25
IEA: oil supercycle unlikely
9.13am GMT 09:13
Global oil demand ‘could exceed pre-Covid levels without clean energy moves’
The world’s oil demand could exceed pre-Covid 19 levels within the next two years unless concrete government action and legislation leads to a much stronger move towards clean energy, according to the International Energy Agency.
Figures from the global energy watchdog threaten to dash hopes that the world’s consumption of oil may have peaked in 2019, before the coronavirus pandemic caused oil demand to plummet by 9m barrels a day.
The IEA’s influential report found that a rebound in oil demand, particularly in developing economies across Asia, could lead the world’s appetite for crude to break above 100m barrels of oil a day for the first time by 2023.
It comes after a warning from the IEA last summer that the world’s daily oil demand may climb at its fastest rate in the history of the market in 2021 unless green policies are adopted to dampen a record-breaking oil demand rebound.
8.59am GMT 08:59
8.41am GMT 08:41
8.28am GMT 08:28
Introduction: Markets edgy ahead of Fed decision
Updated at 8.32am GMT