Taxi drivers win as Uber settles class action

Ridesharing giant Uber has agreed to pay over $270 million to settle a class action lawsuit launched by more than 8000 taxi and hire car drivers in Australia, triggered by the firm’s arrival on local shores more than a decade ago. ABC News reports the $271.8 million settlement was reached …

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Japanese stock indices diverge after historic interest rate increase

Japan’s benchmark index narrowed the gap with its exporter-oriented counterpart on Tuesday following the decision from the country’s central bank to raise interest rates for the first time since 2007. The country’s benchmark Topix index added 0.6 per cent for the day, while the Nikkei 225 index, widely watched by …

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Bank of Japan ends era of negative interest rates

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of Japan has raised interest rates for the first time since 2007, becoming the world’s last central bank to end negative rates as the country puts decades of …

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Multiple Mercedes-Benz vehicles recalled for fire risk

Mercedes-Benz Australia has recalled 1983 vehicles across eight model lines due to a manufacturing fault that could result in a vehicle fire. Affected vehicles include Mercedes-Benz C-Class, E-Class, S-Class, SL, CLE, EQE, EQS and AMG GTs models built between 2023 and 2024. “Due to a manufacturing defect, vehicle management systems …

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London-bound Flight Diverts As Passenger Tries To Kill Himself

The flight was forced into an early landing at Heathrow Airport. An EVA Air flight (BR67) from Bangkok to London was forced to make an emergency landing at Heathrow Airport on Friday after a passenger attempted suicide inside the airplane bathroom, according to The Metro. Cabin crew discovered the passenger …

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