Uber suffers setback in Europe as EU court charges operations illegal
Businessam Staff
July 4, 2017
Reports from Brussels say Uber had suffered a new setback in Europe Tuesday when an EU court adviser said France was entitled to charge local managers of the U.S. ride-hailing app firm with running an illegal taxi service. The latest case before the ECJ was referred to it by a French court in Lille and […]
Britain misses out as global manufacturing surges
Businessam StaffJuly 3, 2017
British factories were left out of a demand-driven surge in activity across much of Asia and Europe in June, as weakness in sterling failed to translate into export growth, surveys showed. Factories in the euro zone rounded off the first half of 2017 by ramping up at the fastest rate for over six years while […]
Russia sticks to conservative $40 oil forecast for 2018 budget
Businessam StaffJune 29, 2017
The Russian government is sticking to its conservative assumptions for oil prices as it drafts the budget for the next three years, relying mainly on domestic borrowing to finance the deficit in order to preserve its rainy-day funds. Oil prices are running above the government’s $40-a-barrel forecast, but growing supply from Libya, Nigeria and the […]
Highly skilled EU workers leaving UK on Brexit, uncertainty around economic outlook
Businessam StaffJune 27, 2017
One third of non-British workers are considering leaving the UK, with highly skilled workers from the EU most likely to go, according to new research into the impact of Brexit on the jobs market, reports the London-based The Guardian. A study by Deloitte, a global consultancy firm, indicates that 47% of highly skilled European Union […]