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Posts published in “Business”

U.S. Lawsuit Could Open ‘Giant Can of Worms’ in Amazon’s Fight Against Product Recalls

A United States safety regulator’s decision last week to sue Amazon.com Inc. could bring clarity to a question that has long befuddled courts and state legislatures nationwide: Who is responsible when a product bought from the world’s largest online retailer hurts or kills someone?

UBS profit leaps 63% in Q2 amid wealth management boom

UBS (UBSG.S) on Tuesday posted a 63% jump in second-quarter net profit, easily beating expectations as buoyant markets continued to help the world’s largest wealth manager generate higher earnings from managing money for the rich.

Robinhood seeks up to $35 bln valuation in mega U.S. IPO

Robinhood Markets Inc is targeting a valuation of up to $35 billion in its initial public offering in the United States, the company revealed in a Monday filing, setting the stage for one of the most highly anticipated stock market listings this year.

U.S., Canadian trade chiefs air concerns ahead of USMCA trade deal meeting

United States Trade Representative Katherine Tai discussed a range of trade issues with Canadian Trade Minister Mary Ng on Monday and emphasized the need for Canada to implement new North American trade deal commitments on dairy and e-commerce shipments, her office said in a statement.

In a virtual meeting on the eve of the first meeting of the U.S.-Mexico Canada Agreement Free Trade Commission, Tai also raised concerns about Canada’s recently proposed digital services tax, USTR said. The trade agency is readying potential tariffs on six countries while international negotiations on the issue proceed. read more

Caixabank staff protest Spanish layoffs as executives’ pay divides shareholders

Hundreds of Caixabank (CABK.MC) employees gathered outside the Spanish lender’s shareholder meeting in Valencia on Friday to protestits plans to cut nearly a fifth of its staff in Spain,while some retail investors complained about executives’ pay.

Video released on social media by the Comisiones Obreras (CCOO) union showed people, some wearing masks with faces of Caixabank executives, protesting outside Valencia’s Palacio de Congresos, where the meeting was taking place.