Money
Alibaba employee sacked after claiming boss raped her
Major Chinese eCommerce giant Alibaba has fired an employee who claimed her boss and a client raped her
According to reports, the Chinese company has fired a woman who accused her boss and a client of sexually assaulting her while on the job.
In a dismissal letter, Alibaba stated that the employee had spread falsehoods that had damaged the company’s reputation.
The Alibaba staff member went public with her allegations back in August, after claiming that her workplace failed to take action to her initial complaint.
She says she was sexually assaulted on a business trip
Shortly after the complaint was filed, her boss was sacked, however a criminal case that was brought against him was suddenly dropped.
The client accused of raping the former Alibaba worker is understood to still be under police investigation.
The well-publicised case has highlighted the harassment faced by women in the workplace in China.
The employee told government-backed newspaper Dahe Daily that she was fired late last month, with the media firm obtaining a copy and later publishing what is understood to be the termination letter.
Within the letter, Alibaba detailed that the former staffer had spread false information about the assault and about the company not handling the case.
It added this “caused strong social concern and had a bad impact on the company”.
Reports state the employee was quoted as saying: “I have not made any mistakes, and certainly will not accept this result, and in the future will use legal means to protect my rights and interests.”
The staff members lawyer also confirmed her dismissal to the New York Times.
Money
Australia’s inflation hits 3.8%: Budget decisions under pressure
Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.
Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.
Australia’s inflation has surged to 3.8%, sparking concern for households and businesses. Experts warn that rising prices could threaten financial stability if the government does not act in the upcoming budget.
Dr Steven Enticott from CIA Tax joins Ticker to break down what this inflation spike means for everyday Australians. He also explains why inflation above the Reserve Bank’s target band is particularly significant and how it affects economic planning.
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#AustraliaInflation #EconomicUpdate #Budget2026 #RBA #FinancialNews #BusinessImpact #HouseholdCosts #TickerNews
Money
Wall Street gains momentum amid tech and earnings surge
U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.
U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.
U.S. equities climbed on Monday as Wall Street kicked off a new month of trading. Investors looked past recent losses in silver and bitcoin, with optimism returning to major indices. The S&P 500 rose 0.7%, led by gains in Oracle shares following the company’s announcement to raise up to £50 billion for cloud capacity.
The Dow Jones Industrial Average surged 501 points, while the Nasdaq Composite increased 0.9%. Analysts note that the broader market is showing resilience despite mixed signals from tech and commodities.
More than 100 S&P 500 companies are expected to report earnings this week. Strong growth is predicted, even as some high-profile sell-offs continue to make headlines.
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US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations
The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.
Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.
Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.
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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker
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