Get cracking with phasing out remaining Libor, UK watchdog says

Signage for Britain’s Financial Conduct Authority (FCA) regulator is seen at its head office in London, Britain, March 10, 2022. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register LONDON, June 22 (Reuters) – The financial sector should not bet on remaining deadlines changing for the phasing out of the use of Libor … Read more

Norway oil sector union leader says wage deal is ‘good enough’

Equinor’s Johan Sverdrup oilfield platforms and accommodation jack-up rig Haven are pictured in the North Sea, Norway December 3, 2019. REUTERS / Ints Kalnins Register now for FREE unlimited access to Reuters.com Register OSLO, June 17 (Reuters) – The leader of a union representing Norwegian oil workers said she would recommend to members a wage … Read more

UK data rules to ease burden on business, cut cookie warnings

LONDON, June 16 (Reuters) – Britain will set out a new data protection regime on Friday that diverges from EU regulations, which it says will ease the burden of compliance on businesses and reduce the number of annoying cookie pop-ups that plague consumers online. . The government said it believed the new rules would not … Read more

Tesla cuts job openings since Elon Musk’s economic warning

A Tesla service and sales center is shown in Vista, California, US, June 3, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, June 16 (Reuters) – Tesla (TSLA.O) has cut job postings by 14% since Chief Executive Elon Musk warned he was worried about the economy, needed to reduce … Read more

Analysis: Why us? Italy seeks way out of low-wage economy trap

Italy is the only European country where wages have fallen since 1990 Tried to compete with Asia by cutting costs Most new jobs on temporary, low paid contracts Country has no minimum wage ROME, June 16 (Reuters) – Diana Parini left her waitressing job at an Italian Alpine resort last month because she was fed … Read more

Lawmakers strike deal ahead of EU carbon market vote

BRUSSELS, June 15 (Reuters) – Groups representing a majority of lawmakers in the European Parliament have struck a compromise deal on climate change policies that they will hope to pass a vote next week and avoid delays to Europe’s green agenda. The Parliament dealt a blow to the European Union’s climate change policies last week, … Read more

Analysis: S.Korea truckers’ win no harbinger of labor market peace

SEOUL, June 15 (Reuters) – South Korea’s unionized truckers drove a strong bargain with their largely peaceful strike action proving effective without antagonizing a public largely unsympathetic towards unions after years of militant action. But the group of aging drivers are often seen as outliers in the country’s combative and politicized industrial landscape and their … Read more

Countries mull delaying new EU carbon market in search of climate deal

The opencast lignite mine Nochten and the coal-fired power Boxberg Power Station, operated by Lausitz Energie Bergbau AG (LEAG), is pictured in Nochten, Germany, March 22, 2022. REUTERS / Matthias Rietschel Register now for FREE unlimited access to Reuters.com Register BRUSSELS, June 14 (Reuters) – European Union countries are considering a one-year delay to launch … Read more

Dozens of companies, small business groups back US bill to rein in Big Tech

The logos of Amazon, Apple, Facebook and Google in a combination photo / File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 13 (Reuters) – Dozens of companies and business organizations are sending a letter to US senators on Monday to urge them to support a bill aimed at reining in … Read more

Credit Suisse lands on UK watchlist for stricter supervision, Financial Times reports

A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse/File Photo Register now for FREE unlimited access to Reuters.com Register June 12 (Reuters) – The UK’s Financial Conduct Authority has put Credit Suisse (CSGN.S) on a watchlist of institutions in need of stricter supervision, the Financial Times reported … Read more