Connect with us

Business

Why has NYC enforced vaccine mandates?

Published

on

New York is the latest city to enforce vaccine mandates, with the mayor announcing that all workers will need to be protected against Covid-19 if they want to go to work

This mandate already applies to public sector employees, but this latest policy will extend to the entire private sector as well.

Coming into effect on December 27, Mayor Bill de Blasio says his city has got Omicron as a new factor, the colder winter months and holiday gatherings and “vaccine mandates are the one thing that breaks through.”

New York will also be the first US city to mandate Covid jabs for all private sector workers, with the regulations affecting around 184,000 businesses.

The previous mandate for the public sector was initially met with resistance and hesitation… but now vaccination rates have risen in response.

This all comes as ten cases of the new Omicron variant have been detected in New York, with Omicron thought to be more transmissible than previous strains.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Business

Amazon turns to deforestation in Africa

Published

on

Amazon’s founder and CEO is no stranger to making headlines, and his latest venture is sure to turn some heads.

Bezos is looking to help reverse deforestation on 100 million acres of land in Africa by 2030.

The billionaire’s philanthropic organisation, the Bezos Earth Fund, is championing the cause and working with African Union countries to make it happen.

If successful, it would be a major win for the environment and help preserve some of Africa’s most biodiverse and threatened ecosystems.

So why is Bezos focusing on Africa?

Well, the continent is home to some of the world’s most endangered species and its ecosystems are under immense pressure from human activity.

His organisation’s efforts could help to protect these animals and their habitats, while also providing a much-needed boost to the local economy.

It comes as the Earth Fund’s CEO says richer countries are going to have to step up the support for their struggling counterparts…

Continue Reading

Business

Credit Suisse “won’t be next Lehmen Brothers”

Published

on

credit suisse

Analysts believe Credit Suisse will remain under pressure in the near term, but caution against comparisons to Lehman Brothers.

The Swiss bank’s shares briefly sank to an all-time low this week while credit default swaps hit a record high, as the market’s concerns about the bank’s future became abundantly clear.

As Credit Suisse takes steps to shore up its finances, concerns remain about its exposure to the volatile markets.

The company raised $5.3 billion from strategic investors earlier this year.

Lehman Brothers collapsed in 2008 after becoming embroiled in the subprime mortgage crisis, and analysts believe that Credit Suisse is facing similar challenges.

But some experts believe that Credit Suisse is in a stronger position than Lehman Brothers was, and that it is unlikely to face the same fate.

Credit Suisse’s shares have recovered somewhat from the previous session’s low, but are still down more than 53% on the year.

The bank’s share price is down more than 73% over the past five years, and such a dramatic plunge has led to market speculation about consolidation.

All three major credit ratings agencies — Moody’s, S&P and Fitch — now have a negative outlook on Credit Suisse.

In response, a U.S. investment research company lowered its price target for the stock to 3.50 Swiss francs per share.

Continue Reading

Business

Elon Musk’s stunning u-turn on Twitter deal

Published

on

Billionaire and Tesla CEO Elon Musk has agreed to proceed with his 44 billion dollar takeover of Twitter.

In a letter to the social media giant, Musk says he will pay the price he agreed to months ago before he tried to backflip on the deal.

This announcement comes just weeks before the two parties were due to appear in court, with Twitter execs furious over Musk’s attempt to walk away.

Musk says he intends to move ahead with the deal and, pending financing, has requested the legal fight is brought to a halt.

Twitter shares have shot through the roof off the back of this news, soaring 22 per cent before trading was paused.

In April, Musk agreed to buy the social media giant for $54.20 a share, which brings the total price to roughly 44 billion.

Taking to Twitter at the time to announce his intentions, he said he wanted to clean up the platform and champion free speech.

But of course just a few weeks later, he bailed, leaving Twitter in the lurch.

Musk claimed the network had a whole lot more fake accounts than execs were leading on… hence his decision to back away.

Twitter staunchly denied these claims and commenced legal proceedings.

But here we are back at square one and for now at least, it seems like the deal is going to happen.

Continue Reading

Trending Now

Copyright © 2022 The Ticker Company PTY LTD