BOSTON, June 27 (Reuters) - Uber Technologies ( UBER ) and Lyft ( LYFT ) on Thursday agreed to adopt a $32.50 hourly minimum pay standard for Massachusetts drivers and pay $175 million to settle a lawsuit by the state's attorney general alleging they improperly treated drivers as independent contractors who can legally receive lower compensation than employees. The companies...

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TOKYO, June 28 (Reuters) - Activist investor Oasis Management has called for governance overhaul at scandal-hit Ain Holdings ( AINPF ), Japan's largest drug store chain, in its latest activist campaign targeting a Japanese company. Oasis said there was no independent oversight of management at Ain and has proposed the appointment of four new outside directors, a new compensation plan...

SEOUL/SINGAPORE (Reuters) - Congestion at Singapore's container port is at its worst since the COVID-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean shipping - with bottlenecks also appearing in other Asian and European ports. Retailers, manufacturers and other industries that rely on massive box ships are again battling surging rates,...