Bloomberg Amazon.com Inc warehouse workers in Alabama filed a petition with the US National Labor Relations Board to form a union, the latest sign of strife between the online retailer and its large blue-collar workforce. The federal agency posted a notice for a hearing to determine if the petition meets the criteria to advance to the next step. With enough ...
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Macy’s to carry more Black-owned brands
Bloomberg Macy’s Inc plans to devote more of its shelf space to Black-owned brands, becoming one of the most prominent names to join the nascent 15 Percent Pledge movement for racial equity in the retail world. The department-store chain follows retailers such as West Elm and Sephora signing onto the 15 Percent Pledge, a grassroots effort to increase representation of ...
Read More »Malaysia Airlines seeks financial aid
Bloomberg Malaysia Airlines’ parent company has sought financial aid from its sole shareholder, the nation’s sovereign wealth fund, as debt restructuring talks with creditors drag on, Reuters reports, citing an email from the company. “Malaysia Aviation Group has requested financial support from our shareholder Khazanah Nasional although the company isn’t in a position to comment on amount at this point ...
Read More »Biden offers Trump rebuke with his spy chief, DHS picks
Bloomberg President-elect Joe Biden is delivering a not-so-subtle rebuke to President Donald Trump with his choices of nominees to lead two key national-security agencies. For his director of national intelligence, Biden has selected Avril Haines, a former top CIA official with years of experience in the espionage community who would fill a job that Trump had largely reserved for people ...
Read More »Tigray youth group behind massacre of 600 people: Ethiopia
Bloomberg An informal militia made up of Tigrayan youths killed at least 600 Ethiopian civilians identified as belonging to other ethnic groups on November 9, according to a state-run human rights body. The massacre occurred less than a week after a conflict started between federal forces and Tigrayan soldiers in the northern Ethiopian region. The youths, known as Samri, and ...
Read More »Storm Nivar may cause extensive damage in India
Bloomberg Storm Nivar over the Bay of Bengal is likely to turn into a “very severe cyclone†by Wednesday and may cause widespread damage to crops, mud houses and electricity poles in some southern Indian states. The storm will have a sustained wind speed of 120 to 130 kilometres (75-81 miles) per hour, according to the India Meteorological Department (IMD). ...
Read More »â€˜Missing’ leader sparks deja vu in Algeria
Bloomberg Algeria’s 75-year-old leader flew to Germany last month for treatment after catching Covid-19. He hasn’t been seen in public since and barely a word on his condition reaches home. The prolonged absence of President Abdelmadjid Tebboune is now the hot topic of political debate, supplanting a vote on constitutional reform and the rumblings of war near the country’s western ...
Read More »HK campus rocked by protest becomes ‘prison’ a year later
Bloomberg One year ago, Hong Kong Polytechnic University (PolyU) was in flames. Police and student protesters faced off at the campus — one of Hong Kong’s best-known — in a chaotic 16-day siege last November that became a symbol of the battle between the city’s China-backed administration and anti-government protesters. Today, what had once been a bustling, freely accessible campus ...
Read More »Credit Agricole offers $875m for Italy’s Credito Valtellinese
Bloomberg French lender Credit Agricole SA offered to buy Italy’s Credito Valtellinese for about 737 million euros ($875 million) in cash as consolidation accelerates in European banking. The unsolicited bid of 10.50 euros a share, made through its Italian unit, represents a 21.4% premium to the November 20 closing price, according to a statement from Credit Agricole. The French lender, ...
Read More »Biden picks Yellen for Treasury secretary
Bloomberg President-elect Joe Biden plans to nominate former Federal Reserve Chair Janet Yellen to serve as his Treasury secretary, people familiar with the matter said, choosing the first woman and a seasoned central banker for the nation’s top economic policy job as the coronavirus pandemic threatens another US downturn. In Yellen, Biden is likely to find support from both Wall ...
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