Many people feel that the capitalist economic system delivers wealth to a few and somehow cheats the rest of opportunity. I agree: our market system is being looted by a small minority and the only real solutions call for courageous measures.
Italy's Luxottica (LUX.MI) and France's Essilor (ESSI.PA) have agreed a 46 billion euro ($49 billion) merger to create a global powerhouse in the eyewear industry with annual revenue of more than 15 billion euros, they said in a statement on Monday.
Uber drivers are employees for which the company must pay social security contributions, a Swiss insurance agency has ruled, dealing a blow to the U.S. ride-hailing platform that says drivers are freelance contractors.
Donald Trump swept into office last month behind a groundswell of support from Americans captivated by his promises to “take America back” and “make America great again.” Whatever the chances are that he can deliver -- economists are skeptical of Trump’s economic plans -- it certainly has been several years since the United States was “great” in Forbes’ annual list of the Best Countries for Business.