Money
Should I quit? Yes or no?
Whenever in doubt – post a poll to your followers
Most people asking questions like ‘pineapple on pizza’ or ‘are you a dog person’ with followers asked to click ‘yes’ or ‘no’ in a two second decision. But how about leaving the fate of your job to a one-click vote?
That’s what multi-billionaire Elon Musk has done, posting a poll asking whether he should step down as head of Twitter.
Over 17 million users have cast their vote (some saying this vote is more important than your vote in the federal election).
Musk is asking everyday Twitter users if he should step down as head of the social media company in the latest bizarre move since he purchased the platform in October.
He said he will “abide by the results of this poll”.
The Tesla CEO has stirred the pot since taking the helm of the social media company.
Musk has enacted massive layoffs, suspended journalist accounts and even skipped paying rent of Twitter’s San Fran headquarters.
Money
France receives lowest credit rating due to crisis
France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability
France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.
The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.
Political Instability
The new prime minister faces a divided parliament and must secure budget approval by October 7.
The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.
Money
ANZ job cuts spark banking clash
ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.
ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.
ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.
The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.
#ANZ #Banking #Jobs #Unions #Australia #Economy #TickerNews
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