Eighteen months ago, entire cities were shut down as people were told to stay-at-home to prevent a deadly spread of coronavirus
Can a boss force employees to get the jab?
Fast forward to 2021, and over 5 billion have received a COVID-19 vaccination.
Now, as people shift from their working at home lifestyle and back into their offices, companies are mandating the vaccine for their workers.
Google, Disney and Walmart are among a growing list of companies that are mandating the COVID vaccine for their staff.
There are some exceptions for people with medical or religious reasons.
The aviation sector is also preparing to take-off again, and staff at United and Qantas will be subject to a vaccine before they take to the skies.
2020 research from Germany shows about half of all residents are in favor, and half are against, a mandatory vaccination policy.
Meanwhile, a University of Sydney study from earlier this year shows up to 75 percent of Australians would support a government requirement to be vaccinated to work, travel or study
Ian Neil is an Australian barrister, who says there’s a fine line for businesses who are thinking about mandating the vaccine.
As controversial as it may seem, Ian believe the legal arguments stack up.
With people lining up to get vaccinated, and aching to return to life as we once knew it, it seems like more companies will begin heading in the same direction.
World’s second-biggest fashion retailer blames Russia for 89% profit drop
The Swedish fashion giant H&M says profits have dropped 89 per cent
They blame cost inflation, slow consumer spending and one-off expenses related to its exit from Russia.
Pretax profit in the period, the Swedish group’s fiscal third quarter, fell to 689 million crowns ($60.9 million) from a year-earlier 6.09 billion.
The Russian exit accounted for half of the decrease in profits, according to the retailer.
H&M announced a cost cutting programme that it predicted would result in annual savings of around 2 billion crowns, with savings expected to become visible in the second half of 2023.
How Disney beat Netflix at its own game
When it comes to streaming, there’s a new sheriff in town.
Disney+ has quickly become a major force in the streaming wars, adding over 14 million new subscribers in its latest quarter. That’s a big jump from the 3 million it had just three months prior.
In comparison, Netflix lost nearly 1 million subscribers in the same period.
So what happened? How did Disney+ overtake Netflix so quickly?
There are a few factors at play.
For one, Disney+ has a lot of content that people want to watch. As well as its acquisition of 21st Century Fox, the service has access to popular franchises like Star Wars, Marvel, and The Simpsons. That’s a big draw for people who are looking for something to watch.
In addition, Disney+ is much cheaper than Netflix. A subscription to Disney+ costs $6.99 per month, while a Netflix subscription starts at $8.99 per month. For people who are trying to save money, Disney+ is the more appealing option. Though Disney and Netflix have signalled they’re going to push up their prices.
Disney+ has been aggressive in marketing itself as the superior streaming service. The company has run a number of ads that compare its service favorably to Netflix. This has helped convince people to switch to Disney+.
The Disney effect
The Walt Disney Company launched Disney+ on November 12, 2019. The streaming service is available in the United States, Canada, the Netherlands, Australia, New Zealand, and Puerto Rico.
As of the second quarter of 2020, Netflix had nearly 221 million subscribers across 190 countries.
What is the market share of Netflix? In the United States, Netflix has a market share of 37%. That means it is the most popular streaming service in the country.
When was Netflix founded? Netflix was founded on August 29, 1997, in Scotts Valley, California.
What type of company is Netflix? Netflix is a publicly-traded company. Its stock is traded on the Nasdaq under the ticker symbol NFLX.
What is the headquarters of Netflix? The headquarters of Netflix is located in Los Gatos, California.
Disney is spending $1 billion per year on its streaming service.
What is the market share of Disney+? In the United States, Disney+ has a market share of 24%.
When was Disney+ launched? Disney+ was launched on November 12, 2019.
What type of company is Disney? Disney is a publicly-traded company. Its stock is traded on the New York Stock Exchange under the ticker symbol DIS.
How much does Disney stock cost? As of August 2020, the price of one share of Disney stock is $115.76.
What is the headquarters of Disney? The headquarters of Disney is located in Burbank, California.
The world’s largest online retailer gives staff a pay rise
Workers at Amazon’s warehouse and transportation hubs are set to receive a pay rise
The world’s biggest online retailer says wages will increase to over 19 dollars, which is up from 18.
It’s part of a plan to help the company attract and retain workers in a very tight labor market.
Of course, the peak shopping season is also getting underway.
Amazon says the price increase will cost its company nearly one billion dollar in the next year alone.
The minimum for workers on an hourly wage will stay at 15 dollars.
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