- Reuters
Japan's service activity extends gains on solid demand, PMI shows
Japanese service sector activity grew at the fastest pace in eight months in April thanks to solid business and consumer spending, a private survey showed on Tuesday, results that should keep the central bank on track to hike rates again this year. The final au Jibun Bank Service purchasing managers' index (PMI) rose to 54.3 last month, the highest level since August 2023, and up slightly from 54.1 in March. The firms cited rising expenses from higher wages as the main reason for passing on costs to customers, a fact that won't be lost on the Bank of Japan which has for years urged firms to raise pay at a steady pace to spur consumption.
- Reuters
Federal judge sends FedEx contractor's racketeering claim to arbitration
A federal judge on Monday ruled that a small business contracted to deliver packages for FedEx on the California-Oregon border must arbitrate with FedEx over claims it made against the company of racketeering and other alleged legal violations. In granting FedEx Ground's motion to compel arbitration, Judge Sallie Kim wrote that PYNQ failed to show it would be unconscionable to require arbitration. Most legal disputes between FedEx Ground and its contractors are resolved outside the courtroom.
- Footwear News
Zoe Saldana Wears Glossy Chloé Boots for Met Gala 2024 Red Carpet
The "Avatar" actress donned slouchy brown thigh-high boots.
