Global Breaking News - Sunday, May 5, 2024
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[Misc] (HL-20200621~20200627) Weekly Headlines Review
최고관리자 | 20-06-19 10:10
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!!! A state-by-state breakdown of US coronavirus cases !!!
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(Mon) France gives vaccine industry a booster
백신 산업 지원에 나선 프랑스
France’s president has unveiled plans to boost domestic production of medicines. Emmanuel Macron on Tuesday dropped by a plant belonging to pharmaceutical giant Sanofi. There he pledged 200 million euros, or about 225 million dollars, to help research and manufacturing related to vaccines and other drugs. He also said his government would announce plans on Thursday to bring some production back from overseas. Macron says medicines are also an economic issue: "Because, yes, even if the health crisis enters into a less acute phase today, the economic crisis and the social consequences that will result from it, will start to be felt fully by our people. Therefore, we have to fight today, to re-start our economy and the investments, to limit as much as possible the layoffs that are, in certain cases unavoidable.” Drug production has become a hot topic in France. That after Sanofi boss Paul Hudson in May hinted that the U.S. could get priority access to its vaccines, as it had provided more funding. He soon backtracked, after that sparked a political storm in France. And on Tuesday was carefully on-message: "I would like to tell you today, that as the leading French and European pharmaceutical company, Sanofi is committed to help the other European countries in building their healthcare sovereignty." There are currently no approved treatments or vaccines for COVID-19. Final-stage clinical trials of Sanofi’s vaccine are due to start late this year or early next. Over the weekend France, Germany, Italy and the Netherlands struck a deal to secure 400 million doses of another vaccine, developed by AstraZeneca. On Tuesday, the UK firm said it expected its product to provide protection from the disease for about a year.
(Tue) Apple targeted by EU antitrust regulators
유럽 반독점 규제당국의 표적이 된 애플
Apple found itself the target of EU antitrust investigations into its App Store and Apple Pay on Tuesday. It comes as the bloc targets online gatekeepers over alleged anti-competitive business practices aimed at blocking rivals. The European Commission said one investigation would look into the mandatory use of Apple's in-app purchase system, and rules that stop app developers from informing iPhone and iPad users of cheaper options elsewhere. The case came after a complaint from Swedish music streaming service Spotify last year. It said Apple was unfairly restricting rivals to its own streaming service, Apple Music. Another point of frustration was a 30% levy imposed on app developers. EU Competition Commissioner Margrethe Vestager said it appears Apple has taken up a so-called 'gatekeeper' role when it comes to the distribution of apps and content to users of Apple devices. The second case focuses on terms and conditions for how mobile payment service Apple Pay should be used in merchants' apps and websites. Brussels will look at the firm's refusal to allow rivals access to the payment system. Regulators are also concerned that Apple Pay is the only mobile payment service allowed to use ' tap and go ' functions on iPhones. Apple has criticized the investigations. The tech giant said the complaints were 'baseless', and made by a handful of companies who 'don't want to play by the same rules as everyone else'.
(Wed) United Airlines pledges loyalty program for $5 bln loan
유나이티드 항공, 마일리지 프로그램 담보로 50억달러 조달
United Airlines on Monday put up its frequent flier program as collateral for a new $5 billion loan to fund its business. Under the deal structured by Goldman Sachs, Barclays and Morgan Stanley, United will retain control of its Mileage Plus frequent flier program, valued at about $20 billion, unless it defaults on the loan. It has the option of tapping into a $4.5 billion government loan that would give it a total of $17 billion to cover expenses as of September 30th. Like many airlines, United is putting together a patchwork of funding to ensure it can keep flying until air travel fully recovers. The industry is seeing early signs of a return of flying passengers. Total TSA screening for this past weekend topped 1.5 million passengers for the first time since March. At United, new bookings are outweighing cancellations for the second and third quarters. It is also seeing a pick-up in ticketed passenger revenue.
(Thu) Uber, Lyft workers are employees - California agency
캘리포니아, 우버와 리프트 운전자 직원으로 간주
A big blow to Uber and Lyft. A California regulator ruled that the state will consider drivers working for ride-hailing services as employees, not contractors , under its new gig worker law. The California Public Utilities Commission's decision comes six months after a state law made it tougher for companies to classify workers as contractors. The new order strikes at the heart of the "gig economy" business model that relies on cheaper contract workers. The companies have argued in the past that the majority of their drivers wouldn't want to be classified as employees because they cherish flexibility. On Thursday, Lyft said in a statement, "CPUC's presumption is flawed. Forcing them (drivers) to be employees will have horrible economic consequences for California at the worst possible time." Uber did not immediately respond to a request for comment. The ruling comes just as the coronavirus has exposed gig workers’ lack of a safety net, with tens of thousands of them seeking sick leave and unemployment benefits. News of the decision sent shares of Uber and Lyft sharply lower in early trading Thursday.
(Fri) Europe's Just Eat Takeaway to buy Grubhub for $7.3 bln
유럽의 저스트잇 테이크어웨이, 73억 달러에 그럽허브 인수
Europe's Just Eat Takeaway.com said on Wednesday that it's agreed to buy Chicago-based food ordering company Grubhub in an all-stock deal worth $7.3 billion that, if completed, would create the world's largest food delivery firm outside China. In a joint statement , Just Eat and Grubhub said the deal would create "a company built around four of the world's largest profit pools in food delivery: the U.S., the UK, the Netherlands and Germany." The merger would open up a new market to Just Eat, which has strong positions around Europe and in Canada. For Grubhub, the deal offers an escape from the antitrust concerns that plagued its talks with Uber Eats, which approached Grubhub in May for an all-stock deal that fell apart this week. Shares of Grubhub spiked more than 7% in after hours trading, while Just Eat Takeaway shares fell more than 10% in Amsterdam on Wednesday’s news.
** Other Latest Headlines **
* Bolton critique of Trump could define tell-all book battles
The White House fight with former national security adviser John Bolton is the latest chapter in a lengthy history of Washington book battles, yet it will likely define future cases between the U.S. government and former employees determined to write tell-alls. The government asked a federal court for a temporary restraining order to prevent the release of the book, claiming it contains classified material. But the book, set to be released Tuesday, is already sitting in warehouses. And media outlets, including The Associated Press, have obtained advance copies and published stories on the book.
* Incheon Airport to make 1,900 security workers regular employees
Incheon International Airport Corporation said Monday that it has decided to directly hire some 1,900 irregular employees that perform security screening work. The move came almost three years after President Moon Jae-in visited the company to advocate for zero irregular jobs in the public sector. The airport corporation was Moon's first destination to get across his message. This leaves the airport with another 7,642 irregular workers who will also receive regular positions by the end of this year. The airport initially planned to hire the security screening personnel as full-time employees of its subsidiary company first, and then directly hire them after the revision of the relevant law. As aviation and real estate leasing are its main businesses, it was impossible to hire special security personnel who can carry weapons under the security business law. However, the security workers have been in conflict with the airport since Moon's visit in 2017 as the head of the airport operator had aimed to comply with Moon's wish to give permanent positions to all of the operator's nearly 10,000 irregular employees.
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