Russian auto boomtown grinds to halt over Ukraine sanctions

Russian auto boomtown grinds to halt over Ukraine sanctions

Kaluga car plants halt production Car demand falls, food prices soar Some hope Western resolve won’t last Others have seen crises pass before April 5 (Reuters) – Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with … Read more

Uber, Lyft drivers consider quitting as pain at the gas pump grows

Uber, Lyft drivers consider quitting as pain at the gas pump grows

March 18 (Reuters) – A number of Uber (UBER.N) and Lyft (LYFT.O) drivers are considering quitting the app-based ride-hailing platforms as fueling up becomes costlier, with some calling the newly announced surcharges “insulting” . The companies announced this month a 55-cent per-ride surcharge that would be paid directly to drivers, in response to record gas … Read more

Deutsche Bank rebuked over remaining in Russia as others quit

Deutsche Bank rebuked over remaining in Russia as others quit

The headquarters of Germany’s Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski Register now for FREE unlimited access to Reuters.com Register Deutsche CEO says in Russia to serve multinational customers Deutsche CEO says exit ‘would go against our values’ Investors criticizes Deutsche’s Russia presence Deutsche Bank has said monitoring situation, may … Read more

Corporate power keeps US wages 20% lower than they should be-White House

Corporate power keeps US wages 20% lower than they should be-White House

WASHINGTON, March 7 (Reuters) – With inflation at a four-decade high, a US government report shows corporate America has used its clout in the labor market to keep wages 20% lower than they should be, the White House said on Monday. The report, prepared by the Treasury Department with help from the Justice Department, Labor … Read more