General News

(Reuters) - A U.S. appeals court on Monday rejected a bid by Uber and subsidiary Postmates to revive a challenge to a California law that could force the companies to treat drivers as employees rather than independent contractors who are typically less expensive.

An 11-judge en banc panel of the 9th U.S. Circuit Court of Appeals in San Francisco upheld a lower court ruling that said Uber failed to show that the 2020 state law unfairly singled out... (continue reading...)

Apple (NASDAQ: AAPL) Developer Conference Begins

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) - Bond investors, worried about persistently sticky inflation, have reduced their exposure to longer-dated U.S. Treasuries ahead of the Federal Reserve's two-day monetary policy meeting this week in which it is likely to hold interest rates steady.

The U.S. central bank's policy-setting Federal Open Market Committee is widely expected on Wednesday to keep its benchmark overnight interest rate... (continue reading...)

(Reuters) - Rogers Communications has entered into multi-year deals with Comcast-owned NBCUniversal and Warner Bros Discover to bring sports and entertainment content to Canada, the telecom giant said on Monday.

The move comes at a time when Rogers is looking to boost its presence in sports and entertainment content to attract a reliable and loyal audience amid stiff competition.

Rogers will launch NBCUniversal's Bravo channel in... (continue reading...)

FRANKFURT (Reuters) - European Central Bank interest rates are not on a linear downwards path and policymakers could at times wait more than one meeting before cutting them again, ECB President Christine Lagarde said in a newspaper interview.

The ECB cut rates from a record high last week but held off committing to any more policy easing given stubbornly high wage growth and yet another increase in inflation projections.

"We’ve made the... (continue reading...)