NEWS DIGEST 05.09.2021: Today’s business news

Good morning. Today’s news comes from NewsNow – Business.

Lyft and Uber will cover the legal fees of drivers on their respective ride-sharing platforms who get sued under Texas’ new restrictive abortion law. Lyft CEO Logan Green said on Friday that his company created a fund to cover 100 percent of the legal fees drivers may face if sued under the law. Green also blasted the Texas abortion law on Twitter, saying it “threatens to punish drivers for getting people where they need to go- especially women exercising their right to choose.” “Drivers shouldn’t be put at risk for getting people where they want to go. Team Uber is in too and will cover legal fees in the same way,” Uber CEO Dara Khosrowshahi tweeted in response to Green’s tweet. Abortion funds and practical support organizations that provide women in need with money, transportation, lodging, recovery care and child care, could also face civil suits under the new law as well as doctors, nurses, domestic violence counselors and even friends, parents, spouses and clergy members who drive a woman to a clinic or even just provide counseling about whether to have the procedure – Lyft, Uber will pay legal fees for drivers sued under new Texas abortion law (NBC News – U.S. News)

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The UK’s food supply problems are at risk of getting worse because of additional Brexit red tape which will come into force in a matter of weeks, businesses have warned. The rules have also contributed to a “disastrous” decline in British food and drink exports to the EU this year, according to new analysis from the Food and Drink Federation. Some EU-based food importers say the additional cost and bureaucracy will make large numbers of shipments unviable, as has been the case for British food and drink exporters of products including cheese and shellfish. The new processes apply to products of animal origin, animal by-products, and high-risk food not of animal origin imported into Great Britain from the EU. Importers will need to ensure goods are accompanied by the correct certification, including an Export Health Certificate, and that imports are pre-notified using a government IT system 4 hours before the point of entry. Strict enforcement of food safety checks would risk causing more problems for British supplies but the government insists businesses must be prepared for the October deadline and that it has done enough to help – UK food supplies set to worsen as more Brexit red tape is introduced within weeks, businesses warn (Independent – News – Business)

The airlines are looking to offer codeshares on Alaska’s domestic and short-haul international network from Iberia’s US gateways. In the future, the airlines are seeking authority to expand their codeshare agreements in the future if the airlines deem it is worthy. Alaska Airlines, together with its regional partners Horizon Air and SkyWest Airlines, have filed with the DOT for permission to display Iberia’s code on some of Alaska’s routes. Alaska Airlines has already filed codeshares with other oneworld partners. The airline is committed to the oneworld alliance and is proving its usefulness to various member airlines. The connections Alaska Airlines provides is an incremental benefit for Iberia. While the airline’s planes will still be full of plenty of passengers terminating or originating in San Francisco and Los Angeles, it will be able to shore up some of its loads and add more security on the routes with the access to more one-stop itineraries it can sell through Alaska Airlines – Alaska Airlines And Iberia File For Domestic US Codeshares (Simple Flying)

Retail giant Ikea is the latest brand to report supply chain issues following lorry driver shortages attributed to Brexit. The firm is the latest in a string of high street chains to be hit by supply chain issues, as retail continues to grapple with a shortage of around 90,000 to 100,000 HGV drivers. Wetherspoons, whose owner Tim Martin has publicly backed Brexit, recently announced that the pub chain had been hit by a beer shortage due to lorry driver and factory staff shortages attributed to Brexit employment rules and the pandemic. McDonalds has faced a shortage of milkshakes and bottled drinks, and Coca-Cola has reported problems with the supply of aluminium cans. The boss of supermarket The Co-op has branded the supply issues as the worst he has ever seen – IKEA hit by supply chain issues caused by Brexit and lorry driver shortages (LBC – News – London)

Trade Enters New Higher Zones- September 4 In the last couple of days’ sessions, the ETH/USD financial record has increased valuation higher than the other crypto-economic prices. As a result, the trade now enters new higher zones of trading. The ETH/USD daily chart reveals that the crypto trade enters new higher zones close to the levels of previous high-time high trading zones achieved around May this year. The ETH/USD trade enters new higher zones of trading between $3,500 and $4,000. The trending capability between Ethereum and Bitcoin as on the price analysis chart shows that the cryptos’ trade enters a higher trading line – Ethereum Price Prediction: ETH/USD Trade Enters New Higher Zones (Inside Bitcoins)

Summarised by SMMRY.

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