Bayer faces class action suit over Monsanto takeover in Germany, law firm says

FILE PHOTO: Logo and flags of Bayer AG are pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany August 9, 2019. REUTERS/Wolfgang Rattay/File PhotoBERLIN (Reuters) – Bayer faces a billion-dollar investor class action lawsuit in Germany over the takeover of U.S. seed manufacturer Monsanto, specialist law firm Tilp Rechtsanwaltsgesellschaft said on Wednesday. Tilp said it […]

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Covid 19: Border exceptions announced for 600 tech workers, some agricultural workers

From RNZ Hundreds of specialist tech workers and some agricultural workers will be allowed to travel to New Zealand under new border exception rules. Software and application programmers, ICT managers, ICT security specialists and multimedia specialists will be welcome to help meet demand which can’t be matched domestically, Digital Economy and Communications Minister David Clark said. Read More Why NZ’s […]

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US inflation surges to highest level since 1982

US inflation has hit a 39-year high in the latest sign of a cost of living squeeze for consumers in the world’s biggest economy. Figures from America’s Bureau of Labor Statistics (BLS) showed consumer price index (CPI) inflation hit 6.8% last month, the biggest year-on-year surge in prices since June 1982. The reading, which was in line with expectations, was […]

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U.S. jobless claims at 52-year low amid seasonal volatility

WASHINGTON — The number of Americans applying for unemployment benefits plunged last week to the lowest level in 52 years, more evidence that the U.S. job market is recovering from last year’s coronavirus recession. Unemployment claims dropped by 43,000 to 184,000 last week, the lowest since September 1969, the Labor Department said Thursday. The four-week moving average, which smooths out […]

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Trade disruptions set to hit consumers hard in 2022

Supply chain disruption looks set to keep prices high and continue hitting consumers in the pocket well into next year, according to a new report by ASB. Covid-19 has had two major effects on global trade, said ASB senior economist Mark Smith. “Firstly, it has confined the world’s population to their homes, leading to a huge increase in online buying […]

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Exclusive-Amazon offered France deal to have bill protecting bookshops pulled

PARIS (Reuters) – Amazon proposed raising book delivery charges in France to around 2 euros from almost nothing if parliament withdrew a bill that would make it more difficult for the e-commerce group to undercut local bookshops, a French senator told Reuters.The logo of Amazon is seen at the company logistics center in Bretigny-sur-Orge, near Paris, France, December 7, 2021. […]

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