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Unionised New York Starbucks store to rattle coffee sector

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Staff at one Starbucks coffee shop in the state of New York have voted to establish a labour union

Staff at a Starbucks store in the state of New York have voted in favour of a labour union, making it the first one of the chain’s own stores to be unionised since the 1980s. Out of a staff of 27, 19 voted in favour at Elmwood Avenue, Buffalo.

Despite the small numbers involved, the vote is likely to rattle the giant coffee chain brand.

Starbucks had pulled out all the stops to persuade staff to vote against unionising, including flying in top executives.

Campaigners for the union gathered in Buffalo to watch the vote be counted via Zoom and cheered as the result was announced.

Starbucks store in state of New York to be unionised

However staff at a second Buffalo store voted against establishing a union

The vote at a third is not yet resolved as some of the ballots are under review.

In all, about 100 baristas and supervisors took part.

Starbucks workers in Buffalo began the campaign to unionise in August, saying they were overworked, but not listened to by the company.

The mobile app in particular has added to their workload, they said, by enabling multiple complicated orders to arrive in quick succession, which they are then under time pressure to fulfil.

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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

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France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

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In Short:
– 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 Ratings has downgraded France’s credit rating from AA- to A+, the lowest ever recorded, amid ongoing political and fiscal challenges.
The decision comes shortly after Prime Minister François Bayrou was removed in a vote of no confidence regarding his €44 billion austerity plan.

President Emmanuel Macron has appointed Sébastien Lecornu as the new prime minister, marking the fifth leadership change in under two years.Banner

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.


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Trump moves to fast-track removal of Fed governor Lisa Cook

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The White House is set to fast-track a ruling on firing Federal Reserve Governor Lisa Cook, just days before the crucial FOMC meeting.

The move comes as markets reel from surging inflation, weak jobless data, and global currency shifts, raising questions about the Fed’s independence and the stability of policy decisions.

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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.

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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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