ECB president Mario Draghi says downside risks to recovery have diminished – business live

European Central Bank meeting has voted to leave borrowing costs unchanged across the eurozoneDraghi press conference: highlights start hereDraghi: French election wasn’t a factorNo change from the ECBInstant reactionEarlier:Markets fall as Trump’s tax plan disappoints investorsEurozone confidence hits highest since 2007 1.56pm BST The euro is a little volatile as Draghi speaks.It rose to $1.903 when Draghi declared that downside risks have fallen, only to drop back as he says there isn’t enough evidence to change the ECB’s inflation outlook.The #Draghi is on TV formation in EURUSD pic read more






Uber to offer UK drivers sickness cover in return for £2-a-week fee

Move expected to cost several million pounds a year is latest attempt to head off criticism over conditions for its 40,000 UK driversUber is to start offering its minicab drivers sickness cover in exchange for a £2 per week fee, in its latest bid to head off criticism over working conditions for its 40,000 drivers in the UK.The move is likely to cost the San Francisco-based company several million pounds a year. It comes ahead of the government’s Taylor review of modern working practices, which is likely to recommend that self-employed gig economy workers should be granted greater employmen read more

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