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September 10 – The Hong Kong Monetary Authority, Hong Kong Exchanges and Clearing Limited, Dubai Financial Services Authority, and Nasdaq Dubai jointly announced today (September 10) the formation of a strategic working group to strengthen the links between the financial markets of Hong Kong and the Dubai International Financial Centre. The working group, comprised of regulators and exchanges from Hong Kong and the Dubai International Financial Centre, aims to explore opportunities and collaborative measures in areas such as sustainable finance, Islamic finance, innovation, and the development and connectivity of overall capital markets, contributing to the continued growth and enhanced attractiveness of both markets.Bank of America Global Research: Lowered its price target for Apple (AAPL.O) from $380 to $370.On September 10, 2026, Tao Ling, Vice Governor of the Peoples Bank of China, attended the second BRICS Finance Ministers and Central Bank Governors Meeting of the year in Mumbai, India. Participants discussed topics including the global economic situation, international financial governance, the BRICS Contingent Reserve Arrangement, cross-border payments, fintech, and sustainable finance. The meeting reviewed and adopted the "Joint Statement of BRICS Finance Ministers and Central Bank Governors."A senior military advisor to the commander-in-chief of Irans armed forces said that the belligerent behavior of the United States has accelerated the shift of the balance of power eastward.On September 10th, according to AXIOS, a Republican-led Senate subcommittee on disaster management is investigating OpenAIs handling of the July Hugging Face intrusion. This move comes as concerns on Capitol Hill about the existential risks of AI are rapidly escalating, following public warnings from several Anthropic and OpenAI researchers. Missouri Republican Senator Josh Hawley wrote in a letter to OpenAI CEO Sam Altman, "As you know, there is a growing number of AI experts in the public domain warning of the existential risks of AI." He added, "Just this week, three Anthropic researchers publicly stated that there is a greater than 10% probability that AI will kill all of humanity within the next decade." Hawley, chairman of the Senate Homeland Security and Governmental Affairs Committees Subcommittee on Disaster Management, wrote that the investigation is a response to the findings of a recent internal investigation released by OpenAI. The Hugging Face intrusion marked a turning point in AI history, prompting OpenAI to slow down its model releases and pushing the industry to raise alarms about AI-driven cyberattacks.

Amazon Files a Grievance Against the Union's Victory in New York, Claiming Collusion

Haiden Holmes

Apr 08, 2022 10:02

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The United States' National Labor Relations Board (NLRB) has given Amazon until April 22 to substantiate its opposition to last week's poll in New York, in which Staten Island employees chose to create the company's first union in the United States. Amazon sought more time to provide evidence due to the "substantial" nature of its concerns, the company said in a filing Wednesday.


A verified election outcome would give organized labor a footing in the second biggest private employer in the United States, with the ability to affect how Amazon conducts its finely calibrated business.


Around 55% of employees at Amazon's JFK8 warehouse in the New York City borough of Staten Island who participated in the election chose to join the Amazon Labor Union (ALU), which has requested more compensation and job security. Since then, the union has been approached by employees at an additional 50 Amazon locations in the United States, according to the group's chairman.


Amazon's lawsuit said that company intends to challenge the decision on the grounds that the ALU interfered with workers in line to vote and that extended wait times decreased participation. Approximately 58% of eligible voters voted in person across many days.


Eric Milner, an attorney with the legal firm Simon & Milner who represents the ALU, denounced Amazon's assertions as bogus and said that they will be overturned.


"To assert that the Amazon Labor Union threatened staff is ludicrous," he said. "The Amazon Labor Union is composed entirely of Amazon workers."


Separately, the RWDSU expressed opposition on Thursday to an election in Bessemer, Alabama, in which Amazon employees voted against unionization. It was the second election in Bessemer, after the NLRB's determination that Amazon intervened unfairly in the last election there last year. The most recent results are still pending due to hundreds of contested votes and now the RWDSU's objections, which may prolong the process by months.


"We want our workers' votes to be heard," Amazon spokeswoman Kelly Nantel said. "We hope the NLRB considers every legitimate vote."


The RWDSU said in a filing that Amazon unjustly deleted pro-union information from non-work locations and dismissed one employee for speaking out in support of the union during required work sessions. The RWDSU said that these were sufficient reasons for the NLRB to vacate the decision.


Amazon expressed dissatisfaction with the RWDSU's activities, including the union's discussions with employees about the usage of a mailbox on warehouse property, but said that raising objections was regular procedure.


The company will have a difficult time showing that the New York union breached regulations governing employee involvement, according to John Logan, a labor expert at San Francisco State University.


Additionally, the NLRB often takes employer-related claimed breaches more seriously than union-related alleged violations, he said, since businesses wield more authority over employees.


"It's going to be really difficult" for Amazon, he said.