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

Money

Amazon workers prepare to strike as Black Friday kicks off

Published

on

Amazon workers in 20 countries are planning protests and work stoppages on Black Friday

The protests, set to take place in nations around the world including the US, UK, and several in the EU is set to have a knock-on impact on processing times for Black Friday orders. The shopping-centric day is among Amazon’s busiest all year.

The Make Amazon Pay group says: “Amazon takes too much and gives back too little.”

It is backed by a coalition of labour groups, trade unions, grassroots campaigns and non-profit-making organisations in individual countries.

Many employees will be working on the day however campaign groups including Amazon workers themselves will be staging protests at Amazon buildings in Coalville, Leicestershire, Coventry, Peterborough and at its London headquarters.

Strikes are being encouraged in other locations, too

In Germany the ‘Verdi’ union called on employees who work at major shopping centres to also strike.

Worldwide, almost 50 organisations have signed up to a lost of ‘common demands’ – published bu the Make Amazon Pay coalition.

Among those demands include raising warehouse workers’ pay and adding hazard pay and peak time increments, halting worker “surveillance” and strict productivity targets, extending sick leave and improving COVID tracing and reporting and paying taxes without using loopholes or tax havens.

Amazon has reported a tripling of profits earlier this year, thanks to its success during peak periods over the pandemic.

Cyber warnings for shoppers

Black Friday is one of the busiest days for retailers right around the world, as consumers snatch many bargains.

Economists expect this year’s shopping sales to set another spending record.

In fact, the National Australia Bank predicts one million dollars a minute will be spent across Black Friday and Cyber Monday.

However, there is now a fresh warning over the rapid rise in scammers ahead of this busy shopping season.

“Cyber attackers track real-world events… Black Friday and Cyber Monday are perfect for cyber attackers.”

Garrett o’hara- Mimecast
GarreTt o’hara- mimecast

‘Be cynacle of everything… if it seems too good to be true then it probably is”

garrett o’hara- mimecast

Continue Reading

Money

Aussie job market defies expectations with stable 4.1% unemployment rate

Australia’s unemployment held at 4.1% in May amid job loss; full-time roles surged, underemployment fell, and female participation rose to 60.9%, keeping RBA cautious despite rate cut speculation.

Published

on

Australia’s unemployment held at 4.1% in May amid job loss; full-time roles surged, underemployment fell, and female participation rose to 60.9%, keeping RBA cautious despite rate cut speculation.


Australia’s unemployment rate held firm at 4.1% in May, despite a small drop of 2,500 jobs—falling short of forecasts.

But dig deeper: full-time jobs jumped by nearly 39,000, underemployment hit post-COVID lows, and female participation reached a record 60.9%.

With labour market resilience still strong, the Reserve Bank is unlikely to be swayed—though markets see an 80% chance of a July rate cut.

The RBA remains in a balancing act, cooling inflation, without choking growth.

Subscribe for more at https://www.youtube.com/@UCiMroZIXuwlSh1r5wZdeU6Q

#RBA #JobsData #AustraliaEconomy #Unemployment #InterestRates #LabourMarket #tickernews

Continue Reading

Money

Central banks struggle with economic uncertainty and rates

Central banks face challenges amid economic uncertainty, impacting policy decisions and investor confidence worldwide.

Published

on

Central banks face challenges amid economic uncertainty, impacting policy decisions and investor confidence worldwide.

In Short:
Central banks are grappling with economic uncertainty, prompting various interest rate cuts globally to stimulate growth. Many central banks, including those in Norway, Sweden, and Japan, are adjusting rates in response to inflation and trade concerns, while others like the Federal Reserve and the Bank of England are considering future cuts.

Central banks are facing significant uncertainty concerning economic growth and inflation, making their policy decisions increasingly challenging as they approach the end of their rate-cutting cycles.

This uncertainty is also impacting investors. Recently, Norway’s central bank surprised markets with an interest rate cut, while the U.S. Federal Reserve cautioned against relying heavily on its policy projections.

The Swiss National Bank responded to decreasing inflation and economic unpredictability by reducing its benchmark rate to 0% but may consider further cuts. The Bank of Canada has maintained its rate at 2.75%, suggesting a potential future cut in light of tariffs affecting the economy.

Sweden’s central bank cut its key rate as well, aiming to stimulate growth amid weak price pressures.

In New Zealand, expectations are for rates to remain steady after a recent reduction to protect its economy from global trade uncertainties. The European Central Bank has also cut rates, considering further adjustments to meet inflation goals.

The Federal Reserve is keeping rates steady, although further cuts are anticipated due to low inflation. In Britain, the Bank of England held rates but may continue cuts in response to weak labour indicators.

The Reserve Bank of Australia is prepared for rate cuts due to weak growth data and trade tensions, while Norway’s central bank has been cautious with its recent decision. The Bank of Japan remains the only bank in a tightening phase, balancing escalating tensions and tariff concerns with its monetary policies.

Continue Reading

Money

Fed signals slower cuts amid rising risks

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

Published

on

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.


At its latest meeting, the U.S. Federal Reserve revised its economic forecasts downward, with growth trimmed, inflation nudged up, and unemployment expectations now higher.

Despite this gloomier outlook, the Fed still sees two rate cuts in 2025, but just one in 2024 and one in 2026, a major dial-back from earlier projections.

Subscribe for more at https://www.youtube.com/@UCiMroZIXuwlSh1r5wZdeU6Q

#FederalReserve #InterestRates #JeromePowell #Inflation #USEconomy #FedMeeting #tickernews

Continue Reading

Trending Now