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Ditch your assumptions about Uber and Airbnb: the 'gig economy' is no game-changer

With the current lack of data, we can’t be sure what impact the ‘gig economy’ is having on people’s lives but it is certainly not a new phenomenon

Big claims have been made that the future of work lies in self-employment, multiple job holding, short duration employment and temporary employees. The permanent employee job, we are told, is on its way out.

This is already generating a political backlash, with Hillary Clinton among those accusing companies of exploiting their workforce by “misclassifying them as contractors.”

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Source: The Guardian Circular Economy RSS

Calls for lithium battery review after Boeing Dreamliner fire at Heathrow

Air Accident Investigations Branch raises concerns that aircraft equipment powered by the batteries could be vulnerable in report on 2013 blaze

Investigators are calling for a safety review of all lithium battery-powered equipment on planes after a fire on board a parked Boeing 787 Dreamliner at Heathrow, which crew would have struggled to contain in flight, was traced to a tracking device carrying such batteries.

The blaze, on board the empty Ethiopian Airlines jet in July 2013, burned through the fuselage and filled the cabin with acrid smoke while the plane was parked at a remote stand on the runway.

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Source: The Guardian Circular Economy RSS

Chinese stock markets close higher after volatile session

Markets continue their rollercoaster ride, with stocks first dipping then rising in last few hours of trading

Chinese stock markets have tumbled and soared in a turbulent session that highlighted investors’ lack of faith in a month-long government effort to stabilise them.

The Shanghai and Shenzhen markets fell 3% on Wednesday morning, taking their losses to more than 8% after a surprise stampede by investors on Tuesday. But state-backed buyers rushed in later, helping stocks finish the day more than 1% higher.

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Source: The Guardian Circular Economy RSS

Asian shares plunge to two-year lows as China stocks continue to fall

Shanghai shares index drops 3.9%, denting hopes of Chinese stock markets stabilising following last week’s devaluation of yuan

Asian shares on Wednesday struggled at two-year lows after Chinese stocks extended their fall, stoking fears about the stability of China’s economy.

Related: Eight reasons why China’s currency crisis matters to us all

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Source: The Guardian Circular Economy RSS

Red Hill coalmine in central Queensland receives federal environment approval

No start date set for the BHP Billiton Mitsubishi Alliance underground mine north of Moranbah, which the company says will deliver 1,500 permanent jobs

A new coalmine in central Queensland has received federal environment approval, but no start date has been given for the underground operation.

Promoters say the Red Hill mine, north of Moranbah, will deliver 2,000 construction jobs and 1,500 permanent positions.

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Source: The Guardian Circular Economy RSS

Job vacancies rise as Department of Employment predicts labour gloom

‘Labour market conditions are likely to remain relatively subdued, at least in the near term,’ warns department

The number of job vacancies rose slightly in July but labour market conditions were likely to remain subdued, the latest Department of Employment report has said.

Related: The economy’s not shrinking, so why does it feel like we’re in a recession? | Greg Jericho

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Source: The Guardian Circular Economy RSS

FDA approves 'female Viagra' pill Flibanserin after two rejections

Drug to help women boost sex drive overcomes concerns over effectiveness and side effects, but some experts fear precedent campaigning could set

The FDA has finally approved the little pink pill to help women boost their sex drive.

Flibanserin, to be sold as Addyi, finally got a green light from the US Food and Drug Administration on Tuesday. This was the third time the agency has considered approval for the drug, which is intended for women diagnosed with hypoactive sexual desire disorder, HSDD.

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Source: The Guardian Circular Economy RSS

Chinese shares plunge over fears about end of government support

Main indexes drop more than 6% as central bank injects largest amount of cash into financial system in one day in almost 19 months

Chinese stock markets fell sharply in the final hour of trading after investors were rattled by fears about the withdrawal of government support for shares and further capital flight following the devaluation of the yuan last week.

The Shanghai composite index dropped 6.12% and Shenzhen 6.6% on Tuesday, their steepest fall since the 8.5% slide on 27 July. By the end of trading about 1,000 companies had plunged by the daily 10% limit, with state-owned firms bearing the brunt of the selling.

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Source: The Guardian Circular Economy RSS

Facing raids, marijuana dispensaries find legalization leaves them vulnerable

Caught in the crossfire between state and federal law, dispensary owners in states that have legalized medical cannabis are finding their businesses raided and their products seized

Last month, emergency services were called to an explosion at New MexiCann Natural, a licensed medical marijuana dispensary in Santa Fe, New Mexico. Two employees were injured while making edible cannabis products: Aaron Smith, 28, and Nick Montoya, 29. They were airlifted to University of New Mexico Hospital’s Level 1 Trauma Center with third-degree burns from a presumed butane reaction.

Later that night, long after the emergency vehicles had pulled away, federal Drug Enforcement Agency agents arrived. “They seized all the growing marijuana plants, all the cannabis products in the manufacturing facility – the edibles, the extracts, everything,” says attorney Marc Lowry. Approximately 150 plants were uprooted and confiscated. Lowry conservatively values the loss at $250,000, but a good crop “could have easily yielded two to three times that much”.

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Source: The Guardian Circular Economy RSS