Deliveroo found guilty of abusing riders' rights in France

PARIS (Reuters) -Two former bosses of Deliveroo were given suspended one-year prison sentences and fined 30,000 euros ($32,380) by a French court on Tuesday for abusing the freelance status of riders working for the British takeaway delivery platform.

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19-04-2022

Deliveroo fined by French court for abusing freelance status of its riders

Deliveroo was fined the maximum penalty of 375,000 euros ($404,625) for abusing the freelance status of its riders, a Paris court ruled on Tuesday, in a blow to the British takeaway delivery platform. ($1 = 0.9268 euros)

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19-04-2022

Blackstone to buy American Campus Communities in $12.8 billion deal - WSJ

The deal underscores Blackstone's bet that rents will continue to rise as colleges open and students return to campus, the report said.

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19-04-2022

Hasbro misses profit estimates, warns of $100 million Russia hit

(Reuters) -Toymaker Hasbro Inc on Tuesday missed Wall Street estimates for quarterly profit and warned of a potential revenue hit of about $100 million this year due to Russia's invasion of Ukraine.

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19-04-2022

Tesla earnings under pressure from Shanghai factory halt

Tesla investors on Wednesday will be keeping an eye on whether the electric car company maintains its ambitious 2022 delivery target as the biggest factory, Shanghai, grapples with a COVID-19 shutdown and new plants slowly ramp up output.

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19-04-2022

U.S. insurer Travelers' profit beats on lower catastrophe losses

Property and casualty insurer Travelers Companies Inc reported a 48% jump in quarterly profit that beat analysts' estimates on Tuesday, as lower catastrophe-related claims cushioned a hit from investment losses.

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19-04-2022

Oil dips in volatile trade amid demand concerns, supply disruptions

LONDON (Reuters) -Oil prices slipped in volatile trading on Tuesday as investors weighed demand concerns against tight global supplies after Libya halted some exports and as factories in Shanghai prepared to reopen following a COVID-19 shutdown.

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19-04-2022

J&J suspends sales forecast for COVID-19 vaccine, cuts profit view

Johnson & Johnson on Tuesday suspended its sales forecast for COVID-19 vaccine due to global supply surplus and demand uncertainty and cut its adjusted profit expectation, sending the drugmaker's shares down nearly 3%.

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19-04-2022

Hasbro raises profit forecast betting on strong gaming demand

(Reuters) -Toy maker Hasbro Inc on Tuesday raised its full-year profit forecast after beating Wall Street estimates for quarterly revenue, bolstered by a jump in demand for tabletop games "Magic: The Gathering" and "Dungeons & Dragons".

newspaper

19-04-2022