The Nasdaq exchange aims to delist Luckin Coffee after employees falsified $310 million in sales

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The Nasdaq exchange aims to delist Luckin Coffee after employees falsified $310 million in sales

The Nasdaq exchange’s listing qualifications staff said Tuesday that Luckin Coffee shares should be delisted, according to a regulatory filing. The Chinese coffee chain is under investigation by both the US and China after it announced in April that employees …
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'Radical measures' required: how Covid-19 has hit UK labour market

The coronavirus crisis has dealt a massive blow to the UK labour market. Figures released on Tuesday by the Office for National Statistics represent the first official estimates of the scale of the damage — even though there is still no …
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Facebook and Instagram roll out Shops, turning business profiles into storefronts

Starting today, you’ll be able to browse and buy products directly from a business’ Facebook Page or Instagram profile. Both Facebook and Instagram already supported a degree of e-commerce — for example, Facebook has its Marketplace and will likely …
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Oregon unemployment hits 14.2% as COVID-19 takes its toll

Editor’s note: Local News Matters. Please consider subscribing to the East Oregonian so we can continue reporting on stories like these. Thank you. SALEM — One out of 8 jobs in Oregon was idled or lost in the month of April, a dubious record caused by …
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Officials: Car lender to pay $550M in multi-state settlement

SACRAMENTO, Calif. (AP) — Thirty-four attorneys general announced a $550 million settlement Tuesday with auto loan financing company Santander over allegations it knowingly targeted consumers who were likely to default on its loans. Consumers who …
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