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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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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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