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Bidders shortlisted for Chelsea FC ownership



The bidders vying for the ownership of Chelsea Football Club will be shortlisted within days

Global investment firm Centricus is the latest to fund another British bid to secure the popular Chelsea Football Club. A move driven by co-founder Nizar Al-Bassam and CEO Garth Ritchie, who are seasoned ticket-holders.

Centricus reportedly has £29 billion in assets and says it will “maintain and support the clubs existing management.”

Chelsea was put up for sale by owner Roman Abramovich following Russia’s invasion of Ukraine. Abramovich moved swiftly to sell the club when sanctions were being placed upon Russian oligarchs.

However, the U.K. Government is now in control of who the buyer will be and where the net proceeds will go, with Abramovich having no say in the sale.

United States bank Raine Group is overseeing the sale and plans to narrow down the shortlist of bidders to three.

The competition for the Chelsea is ripe, with billionaires, moguls and investors around the world expressing their interest with notable bids.

Many bidders have been made public including Saudi Media, as well as British property developer Nick Candy. However, many other bidders remain private as this time.

There has been no word on who is leading the bid, with Candy recently upping his bid on Monday.

Final sale

From here, Raine Group will shortlist the bidders down to three. The preferred buyers will be given to the Government, who will then issue a licence for sale.

Specific evidence will also be required to prove that Former owner Abramovich is not related to, or can benefit from, the sale.

The buyer will also have to pass the Premier League’s Director’s testing, which includes suitability and legal checks.

A final sale is expected before the end of March.

Holly is an anchor and reporter at Ticker. She's experienced in live reporting, and has previously covered the Covid-19 pandemic on-location. She's passionate about telling stories in business, climate and health.

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Amazon employees walk out to protest office policies



Staff at warehousing giant Amazon have walked off the job to protest the company’s return-to-office program

Over 1,900 Amazon employees pledged to protest globally over proposed changes to the company’s climate policy, layoffs and a return-to-office mandate.

The activist group behind the rally is known as Amazon Employees for Climate Justice (AECJ), who are seeking a greater voice for employees.

“Our goal is to change Amazon’s cost/benefit analysis on making harmful, unilateral decisions that are having an outsized impact on people of color, women, LGBTQ people, people with disabilities, and other vulnerable people,” organisers said.

Over 100 people gathered at the heart of Amazon’s Seattle headquarters on Wednesday. The company said it had not witnessed any other demonstrations.

AECJ said the walkout comes after Amazon made moves “in the wrong direction”.

The company recently has recently overturned a desire to make all Amazon shipments net zero for carbon emissions by 2030.

The company maintains a pledge on climate change.

Amazon spokesperson Brad Glasser told Reuters the company is pursuing a strategy to cut carbon emissions.

“For companies like ours who consume a lot of power, and have very substantial transportation, packaging, and physical building assets, it’ll take time to accomplish.”

AECJ protesters also sought support for the 27,000 staff, who had lost their jobs in recent months —around 9 per cent of Amazon’s global workforce.

The company has also mandated a return-to-office program.

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The Great Resignation vs. The Great Burnout



As employees recover from the height of the pandemic, the Great Resignation has come to light

The pandemic saw the term ‘the great resignation’ coined as thousands of people resigned from their jobs across the U.S. in 2021 and 2022.

Karin Reed, the author of ‘Suddenly Hybrid said the great resignation was a period of employees taking control of their future.

“A lot of people realised in their current environment they were not happy with what they were doing with their job. They chose to vote with their feet and go elsewhere,

In other parts of the world, a spike in resignations was not reported.

However, a higher degree of workers began reporting post-Covid burnout, as they made a return to the office.

“There’s been a blurring of the lines. You have work that’s not confined by a physical space.

“Instead of closing the computer and walk away, our computer is in the next room.”

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When will airfares begin to fall?



As the global aviation market rebounds, airlines are changing their service offerings

Over 46 million workers in the global aviation sector lost their jobs as global aviation came to a grinding halt at the onset of the pandemic.

However, Geoffrey Thomas from said passengers have returned to airport terminals and boarded flights in droves.

“When travelled returned, many of us wondered what sort of low airfares will we have to be charged to entice people back onto airplanes.”

In February 2023, total traffic (measured in revenue passenger kilometres) rose 55.5 per cent when compared to February 2022.

Globally, traffic is at 84.9 per cent of February 2019 levels.

“It was a stampede, the likes of which we have never seen before,” Mr Thomas said.

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