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Amazon workers strike amid unfair treatment claims

Amazon workers at seven U.S. sites strike for better treatment amid holiday rush; minimal impact anticipated.

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Workers at seven U.S. Amazon facilities staged a walkout on Thursday during the holiday shopping season, protesting alleged unfair treatment.

The strike, described by Teamsters officials as the largest against Amazon, occurred in cities such as New York, Atlanta, and San Francisco. However, it is not expected to significantly impact Amazon’s vast shipping operations.

As the second-largest private employer globally, Amazon has faced criticism from unions for prioritising speed and efficiency, which they claim contributes to workplace injuries.

The company maintains that it offers competitive wages and has implemented automation to alleviate repetitive stress on workers.

Despite the protests, Amazon’s shares rose by 1.8% on Thursday afternoon.

Amazon’s workforce

Workers involved in the strike are urging Amazon to engage in negotiations, citing concerns over health issues related to demanding job requirements.

However, this walkout represents only a small fraction of Amazon’s workforce of over 800,000 employees at more than 600 U.S. facilities.

One of the strikers, Jordan Soreff, expressed that Amazon operates under a rigorous quota system that pressures employees to exceed their limits.

Soreff, along with about 100 others, protested outside an Amazon location in Queens, but the facility remained operational, with other drivers continuing their work.

An Amazon spokesperson accused the Teamsters of misleading the public and coercing employees and contractors to join the strike.

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Wall Street wobbles as RBA and Tesla face tests

Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.

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Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.


Global markets are jittery amid a Wall Street sell-off, renewed inflation pressure in Australia, and high-stakes decisions on U.S. tariffs and Elon Musk’s Tesla pay deal.

Capital.com’s Kyle Rodda breaks down the risks and reactions shaping the week ahead.

#Markets #WallStreet #RBA #Tesla #ElonMusk #Inflation #Trade #Finance #Economy #CapitalCom


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Bitcoin crash shakes global markets

Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.

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Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.


Bitcoin’s slide below $100,000 has sent shockwaves through global markets, with $45 billion in long-term holdings sold and risk assets tumbling.

David Scutt from StoneX breaks down what’s driving the sell-off — and where markets go next.

#Bitcoin #CryptoCrash #Markets #RiskAssets #CryptoNews #FedPolicy


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Putin and Xi tighten alliance amid Western pressure

Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.

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Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.


Russia and China have deepened their strategic partnership, signing a new investment protection deal and expanding cooperation across energy and technology.

The move comes as U.S. sanctions on Moscow intensify.

#Russia #China #Putin #XiJinping #Trade #Sanctions #Geopolitics #Energy #Diplomacy #WorldNews


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