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Amazon workers prepare to strike as Black Friday kicks off

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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

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U.S. Federal Reserve announce rate cut, show great confidence in economy

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The Federal Reserve has delivered a big rate cut to boost the economy while inflation slows.

The central bank slashed interest rates by a half percentage point, hoping to protect the job market while inflation inches closer to its 2% goal.

Fed Chair Jerome Powell says the decision reflects growing confidence in balancing the economy’s growth with low inflation. #featured #trending

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Money

Markets brace for potential 50-point fed rate cut

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Markets are anticipating a significant 50-point rate cut from the US Federal Reserve this week, leading to heightened focus on bond markets and key economic reports.

Financial markets are focused on a potential 50-point rate cut by the US Federal Reserve, as investors anticipate major shifts in economic policy.

The bond markets, already pricing in a borderline hard landing, reflect the expectation of a significant easing cycle over the next two years.

However, experts caution that the Fed could disappoint, as the current economic conditions differ from previous events such as the pandemic or credit crises. #featured #trending

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Bitcoin’s Q4 outlook: key factors and upcoming milestones

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Insights into market trends and critical events shaping Bitcoin’s performance

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, Caroline speaks with Matt Willemsen, Head of Research & Content at Collective Shift, about what could drive Bitcoin’s strong performance in Q4. They explore how the current market differs from past cycles, the ongoing Solana vs. Ethereum debate, and the role of project-specific conferences in market trends. Matt previews key Q4 events, including the Solana Breakpoint conference and upcoming altcoin milestones like Uniswap v4 and Polygon 2.0. #crypto corner

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