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Uber Drivers’ Day of Strikes Circles the Globe Before the Company’s I.P.O.

A day of strikes planned by Uber drivers in cities around the world drew a modest turnout on Wednesday, as protesters denounced the ride-hailing giant’s employment and pay practices before its blockbuster initial public offering this week.In Britain, some drivers, joined by members of other unions, protested at Uber offices around the country. About two dozen protesters outside the British headquarters in East London banged drums; released a smoke flare; displayed banners that read, “Uber sell off: Billions to bosses, poverty pay for drivers”; and chanted, “Uber, Uber, you can’t hide, we can see your greedy side.”In San Francisco, hundreds of protesters blocked the street in front…

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Uber Said to Plan to Price I.P.O. at Midpoint of Range

Uber’s initial public offering was expected to be one of the hottest stock deals in years. But its imminent market debut has now become an exercise in dialing back expectations.The ride-hailing company plans to price its public offering at or below the midpoint of its expected price range, people briefed on the matter said Wednesday. Uber had set a range last month of $44 to $50 a share, and at the midpoint — $47 a share — it would be valued at about $86 billion.That would be well below the $100 billion that Uber had forecast to some of its investors last month. Last year, some bankers…

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Pompeo Attacks China and Warns Britain Over Huawei Security Risks

LONDON — Secretary of State Mike Pompeo on Wednesday made a blistering attack against China as he stepped up pressure on Britain, warning that American intelligence sharing could be risked by the involvement of a Chinese company in a new British telecommunications network.Speaking in London, Mr. Pompeo argued that China posed such a range of economic and security threats that the world now faced “a new kind of challenge, an authoritarian regime that’s integrated economically into the West.”“China steals intellectual property for military purposes,” he said. “It wants to dominate A.I., space technology, ballistic missiles and many other areas.”The question on the table in Britain is whether…

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Redfin Aims to Bring E-Commerce to Home Buying

Redfin, the Seattle-based real estate brokerage, is starting a program that lets house hunters bid on properties directly through its website. The move aims to bring online shopping to a business dominated by attending weekend open houses and driving around with agents.The company recently tested the program in Boston and now plans to extend it in stages across the country. It is the latest sign that technology companies are encroaching on the decidedly low-tech world of real estate sales.Web-focused operations like Redfin, Zillow, Opendoor and Offerpad — along with brokerage giants like Realogy, which owns Coldwell Banker and other brands — have been building out “instant buying”…

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France calls Iran to respect nuclear deal, warns of escalation

PARIS (Reuters) - France on Wednesday called on Iran to respect all its commitments to the nuclear deal and non-proliferation treaties and warned against an escalation. Iran announced on Wednesday it was relaxing some curbs to its nuclear program, announcing steps that stop short of violating its 2015 deal with world powers for now, but threatening more action if countries do not shield it from U.S. sanctions. France said it was determined to ensure that the accord remained fully implemented and determined to ensure that financial channels and exports remain open. The United States said it was not finished imposing sanctions on Iran and planned more “very…

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Older of two students arrested in Colorado shooting held on murder charge

HIGHLANDS RANCH, Colo. (Reuters) - The older of two students accused of opening fire in a suburban Denver high school, killing one classmate and injuring eight others, was being held on Wednesday on murder and attempted-murder charges, court records showed. The 18-year-old suspect being charged as an adult, Devon Erickson, was due for an initial appearance later on Wednesday in Douglas County District Court in Castle Rock, Colorado, a short distance from the scene of Tuesday’s gun violence. His accused accomplice, who is under the age of 18 and has not been publicly identified, is being charged separately as a juvenile, authorities said. The two teenagers are…

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Trump administration imposes new sanctions on Iran’s industrial metals

WASHINGTON (Reuters) - President Donald Trump on Wednesday imposed new U.S. sanctions targeting Iran’s revenue from export of industrial metals and threatened further action unless Tehran “fundamentally” changed its behavior. An executive order issued by Trump covers Iran’s iron, steel, aluminum, and copper sectors, the Islamic Republic’s largest non-petroleum-related sources of export revenue and 10 percent of its export economy, a statement from the White House said. Reporting by Makini Brice and Humeyra Pamuk; editing by Grant McCoolOur Standards:The Thomson Reuters Trust Principles.

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Uber drivers go on strike in London and New York ahead of IPO, early protests sparse

LONDON/NEW YORK (Reuters) - Uber drivers in London and New York started a series of multi-city strikes on Wednesday to protest the disparity between gig-economy conditions and the sums that investors are likely to make in Friday’s blockbuster stock market debut. Protests were sparsely attended in London and New York, and rides appeared easily available in some cities where strikes were called. Drivers and regulators around the world have long criticized the business tactics of Uber Technologies Inc, and the expected valuation of up to $90 billion in its initial public offering on Friday is proving to be the latest flashpoint. Unions in Britain said support for…

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Huawei says detained CFO to seek extradition stay, rights violated

Huawei's Financial Chief Meng Wanzhou leaves her family home flanked by private security in Vancouver, British Columbia, Canada, May 8, 2019. REUTERS/Lindsey WassonVANCOUVER/NEW YORK (Reuters) - Huawei said on Wednesday that it will seek to stay extradition proceedings against its detained chief financial officer, saying her business activities were conducted with the full knowledge of banking officials. Meng Wanzhou, 47, the daughter of Huawei Technologies Co Ltd’s billionaire founder Ren Zhengfei, was arrested at Vancouver’s airport in December on a U.S. warrant and is fighting extradition on fraud charges that she misled global banks about Huawei’s relationship with a company operating in Iran. The Huawei statement did…

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Royal baby Archie: Prince Harry and Meghan name their ‘bundle of joy’

WINDSOR, England (Reuters) - Britain’s Prince Harry and his wife Meghan announced on Wednesday they had named their newborn son Archie as they showed him off to the world, saying their “little bundle of joy” was magic. In a post on their Instagram account accompanying a picture of the parents with Queen Elizabeth, her husband Prince Philip and Meghan’s mother Doria Ragland, the couple said the seventh-in-line to the British throne would be known as Archie Harrison Mountbatten-Windsor. The announcement came hours after the new royal got his first taste of life in the limelight as Meghan and Harry appeared with him before a small group of…

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