Bloomberg Amazon.com Inc plans to hire 150,000 seasonal staffers, about 50% more than last year as the company seeks a cushion of workers to help it meet demand during the holiday shopping period. The world’s largest online retailer typically hires legions of temporary workers this time of year to help store, pack and ship items from its warehouses. Since the ...
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Australia continues green zone flights pause
Bloomberg Australia will continue the pause of green zone flights from the North Island of New Zealand until October 31 amid a further spread of locally acquired coronavirus cases outside the Auckland region, according to a statement. However, given there haven’t been any locally acquired cases on the South Island connected to the outbreak, Australia was expected to recommence green ...
Read More »North Korea likely fired first submarine missile since 2019
Bloomberg North Korea appears to have fired a submarine-launched ballistic missile for the first time in two years, adding to a series of tests demonstrating Kim Jong Un’s pursuit of nuclear-capable weapons that can evade US interceptors. The regime is suspected of launching an SLBM Tuesday from the eastern port of Sinpo into waters between the Korean Peninsula and Japan, ...
Read More »Trump sues to keep his White House records from January 6 panel
Bloomberg Former president Donald Trump sued to block the release of documents to the U.S. House select committee investigating the Jan. 6 attack on the US Capitol, arguing that lawmakers have made an over-broad request for presidential records. In the complaint filed in federal court in Washington, Trump asked a judge to stop the national archivist from releasing the records ...
Read More »China’s orbiting missile exploits weakness in US defenses
Bloomberg China’s reported launch of a hypersonic missile into orbit has raised concerns that US rivals are quickly neutralizing the Pentagon’s missile defenses even as it invests tens of billions of dollars in upgrades. In a test two months ago, the Chinese military sent a nuclear-capable missile into low-orbit space and around the globe before cruising down to its target, ...
Read More »Putin to skip G-20 meeting in Rome, will take part by videolink: Kremlin
Bloomberg Russian President Vladimir Putin will participate in next week’s Group of 20 summit in Rome via videolink, the Kremlin said. Putin told Italian Prime Minister Mario Draghi of his plans in a phone call Tuesday, according to an emailed statement. Chinese President Xi Jinping has indicated he may also take part in the October 30-31 Rome G-20 summit remotely. ...
Read More »Bank Indonesia stays on hold, says rate moves one year away
Bloomberg Indonesia’s central bank left its benchmark interest rate unchanged and extended policies to boost domestic demand, saying it likely won’t tinker with rates for another year. Bank Indonesia kept the seven-day reverse repurchase rate at a record-low 3.5% on Tuesday, as predicted by all 30 analysts in a Bloomberg survey. It was the bank’s eighth straight hold decision. “This ...
Read More »Goldman Sachs joins bank bond frenzy with $9b sale
Bloomberg Goldman Sachs Group Inc tapped the US investment-grade bond market with a $9 billion sale, joining peers Bank of America Corp and Morgan Stanley in selling new debt after reporting strong third-quarter results. The bank sold bonds in five parts, according to a person familiar with the matter. The longest portion of the offering, a fixed-to-floating-rate security due in ...
Read More »RBA rate bets surge, yield target tested on global price worries
Bloomberg Traders are pricing in more aggressive interest rate increases by the Reserve Bank of Australia (RBA) and are challenging its three-year yield target amid jitters over global inflation. Markets are now implying the RBA will begin hiking in mid-2022, even after the central bank reiterated that conditions for a rate rise “will not be met before 2024.†At the ...
Read More »UniCredit CEO wants to hire more investment bankers
Bloomberg UniCredit SpA Chief Executive Officer Andrea Orcel intends to hire as many as 50 investment bankers to capture more business from medium-sized corporate clients, pushing the lender further into a hotly-contested market. The bank is seeking staff to strengthen advisory services and boost its offering of investment banking products to companies across its European network, people with knowledge of ...
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