Glencore coal mine proposal

On Tuesday, Uber responded to that report’s findings by saying it had fired 20 employees for a variety of reasons, and was increasing training and adopting new policies. Uber said that report considered 215 cases encompassing sexual harassment, discrimination, unprofessional behaviour, bullying and other employee complaints.

San Francisco-based Uber is valued at nearly $70 billion (R903.62bn) but has yet to turn a profit.

Some of the recommendations in Holder’s firm’s report would force greater controls on spending, human resources and other areas where executives led by Kalanick have had a surprising amount of autonomy for a company with more than 12 000 employees, one person familiar with the matter said. Uber’s more than 1.5 million drivers worldwide are classified as independent contractors rather than employees.

Less clear is the fate of Kalanick, who with close allies has voting control of the company. – Reuters MINER and trader Glencore said on Friday that it had submitted a proposal to buy Australian miner Rio Tinto’s stake in Coal & Allied Industries for $2.55 billion (R32.92bn) in cash. Glencore said the deal would be funded from existing cash resources and would be paid in two stages. Glencore also plans a possible sale of up to 50 percent of its interest in Coal & Allied Industries. – Reuters