Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Alibaba sexual harassment investigation: ‘no evidence to prove rape’

Published

on

Police have found no evidence that an Alibaba employee was raped by her boss and a client on a business trip

Chinese police say there is not enough evidence to prove that a manager and client raped an Alibaba employee at a business trip.

In their initial findings police say the former manager was suspected of committing “forcible indecency” against the woman.

Two senior executives at the e-commerce giant have resigned and Chief Executive Daniel Zhang says the company’s handling of the incident is a “humiliation”.

Alibaba launches investigation

Alibaba launched an investigation after an anonymous employee published an 11-page document detailing how her boss and a client assaulted her on a business trip.

The document has circulated widely online, prompting a social media storm. The story was one of the top trending items on Weibo over the weekend of publication.

The woman says her boss coerced her into going on a business trip with him to meet one of her team’s clients in the city of Jinan.

The woman recounts that she woke with no clothing or memory of what happened

After drinking with the client one evening, she says she woke up in a hotel room the following day with no clothing or recollection of what happened.

CCTV footage from the hotel showed that her boss visited the room four times during the evening.

The woman reported the incident to human resources and management. However, no further action was taken against her boss.

Police in China’s city of Jinan said they were investigating the incident while Alibaba launches an investigation

“Alibaba Group has a zero-tolerance policy against sexual misconduct,” a spokesperson said. “We have suspended relevant parties suspected of violating our policies and values.”

The spokesperson also said Alibaba has created an “internal task force” to investigate the incident and support the police investigation.

Alibaba CEO Daniel Zhang addressed the incident in a post to the company’s internal message board

“It is not just Human Resources who should apologize. The related business department managers also hold responsibility and should apologize for their silence,” Zhang wrote.

“Starting from me, starting from management, starting from human resources, everyone at Alibaba must empathize, reflect, and take action.”

Alibaba has responded by suspending the woman’s supervisor. It has also suspended the human resource worker who failed to take action against the alleged perpetrator.

Read more here

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

Fed cuts rates, signals more potentially ahead

Fed lowers rates amid job market concerns, signalling potential further cuts in upcoming meetings

Published

on

Fed lowers rates amid job market concerns, signalling potential further cuts in upcoming meetings

video
play-sharp-fill
In Short:
– The Federal Reserve cut interest rates by a quarter-point to address job market concerns.
– Officials expect at least two additional rate cuts by year-end amid ongoing economic uncertainties.
The Federal Reserve has reduced interest rates by a quarter-point, addressing concerns about a weakening job market overshadowing inflation worries.
A majority of officials anticipate at least two additional cuts by year-end during the remaining meetings in October and December.Banner

Fed Chair Jerome Powell noted a significant shift in the labour market, highlighting “downside risk” in his statements.

The recent rate cut, supported by 11 of 12 Fed voters, aims to recalibrate an economy facing uncertainties from policy changes and market pressures.

Policy Dynamics

The decision comes amid intense political scrutiny, with President Trump openly criticising Powell’s reluctance to lower rates.

Despite the controversy, Powell asserts that political pressures do not influence Fed operations.

The current benchmark federal-funds rate now sits between 4% and 4.25%, the lowest since 2021, providing some reprieve to consumers and small businesses. Economic forecasts indicate ongoing complexities, including inflation trends and the impact of tariffs on labour dynamics, complicating future policy decisions.


Download the Ticker app

Continue Reading

Money

Fed faces unusual dissent amid leadership uncertainty

Fed’s Powell navigates contentious meeting amid Trump-appointed dissenters as rate cut looms and succession contest heats up

Published

on

Fed’s Powell navigates contentious meeting amid Trump-appointed dissenters as rate cut looms and succession contest heats up

video
play-sharp-fill
In Short:
– This week’s Federal Reserve meeting faces unusual dissent as Chair Powell approaches his term’s end.
– Analysts predict dissent over expected rate cuts due to political pressures from Trump-appointed officials.
This week’s Federal Reserve meeting is set to be particularly unusual, with Chair Jerome Powell facing significant disagreements over future policy as he approaches the end of his term in May.Tensions began before the meeting when Fed governor Lisa Cook won a court ruling allowing her to attend, despite opposition from President Trump, who is attempting to remove her.

The situation is further complicated by the recent swearing-in of Trump adviser Stephen Miran to the Fed’s board, following a Senate confirmation.

Analysts believe Powell may encounter dissent on an expected quarter-percentage-point rate cut from both Trump-appointed officials and regional Fed presidents concerned about inflation.

Banner

Potential Dissent

Trump has urged significant rate cuts and for the board to challenge Powell’s decisions.

Some analysts predict dissenting votes from Miran and other Trump appointees in favour of larger cuts. Federal Reserve veterans express concerns that political motivations may undermine the institution’s integrity, with indications that greater dissent could become commonplace.


Download the Ticker app

Continue Reading

Money

RBA plans to ban credit card surcharges in Australia

Reserve Bank of Australia plans to ban credit card surcharges despite banks warning of potential higher fees and weaker rewards

Published

on

Reserve Bank of Australia plans to ban credit card surcharges despite banks warning of potential higher fees and weaker rewards.

In Short:
– The RBA plans to ban surcharges on debit and credit card transactions, supported by consumer group Choice.
– Major banks oppose the ban, warning it could lead to higher card fees and reduced rewards for credit card users.

The Reserve Bank of Australia (RBA) intends to implement a ban on surcharges associated with debit and credit card transactions. Consumer advocacy group Choice endorses this initiative, arguing that it is unjust for users of low-cost debit cards to incur similar fees as credit card holders.Banner

The major banks, however, are opposing this reform. They caution that the removal of surcharges could prompt customers to abandon credit cards due to diminished rewards.

A final decision by the RBA is anticipated by December 2025.


Download the Ticker app

Continue Reading

Trending Now