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Futures, February 24, according to market news, last Friday night, the Trump administration of the United States is pressuring Iraq to allow Kurdish oil exports to resume, otherwise it will face sanctions together with Iran. Oil prices have fallen back significantly. Iraqs Deputy Minister of Oil said on Sunday that once oil transportation resumes, Iraq will export 185,000 barrels per day from oil fields in the Kurdish region through the Iraq-Turkey pipeline, and gradually increase to 400,000 barrels per day. All procedures for resuming pipeline exports have been completed, which may resolve a dispute that has disrupted the flow of crude oil for nearly two years. However, resuming pipeline transportation may put Iraq in a dilemma. On the one hand, it has to cut production, and on the other hand, Trump called on OPEC+ to lower oil prices. In addition, the President of Ukraine said that he is willing to resign as president if it can bring peace, and pay attention to the acceleration of the Russian-Ukrainian negotiations. In the short term, oil prices are still volatile, and the focus is on the supply side.Hong Kong stocks Hang Seng Index and Hang Seng Tech Index both turned positive, after the Hang Seng Tech Index had previously fallen rapidly by more than 1%.The Hang Seng Index in Hong Kong opened on February 24 (Monday) down 5.78 points, or 0.02%, to 23,472.14 points; the Hang Seng Technology Index opened on February 24 (Monday) up 5.25 points, or 0.09%, to 5,864.55 points; the CSI 300 Index opened on February 24 (Monday) up 3.81 points, or 0.04%, to 8,670.53 points; the H-share Index opened on February 24 (Monday) down 5.01 points, or 0.13%, to 3,857.09 points.Hang Seng Index futures opened at 23,399 points, down 0.21%, 77 points below the spot price.USD/CNY reported 7.1717, up 21 points (RMB depreciation); EUR/CNY reported 7.5475, up 87 points; HKD/CNY reported 0.92306, up 9.6 points; GBP/CNY reported 9.1115, up 34 points; AUD/CNY reported 4.5928, down 98 points; CAD/CNY reported 5.0734, down 47 points; JPY/CNY reported 4.8332, up 105 points; RMB/RUB reported 12.2042, down 361 points; NZD/CNY reported 4.1537, up 26 points; RMB/RMB reported 0.61309, down 11.5 points; CHF/CNY reported 8.0106, up 128 points; SGD/CNY reported 5.3914, down 45 points.

Amazon union vote counts are scheduled on Thursday; turnout in Alabama has decreased

Haiden Holmes

Mar 31, 2022 10:40

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Reuters reports that On Thursday afternoon, labor board authorities anticipate to begin tallying ballots cast by Amazon.com Inc warehouse employees in New York City and Alabama in separate races that will determine if Amazon sees a U.S. workplace unionize for the first time.


Amazon workers in Bessemer, Alabama, voted in a re-election after rejecting joining the Retail, Wholesale, and Department Store Union (RWDSU) by a more than 2-to-1 majority last year. After discovering that Amazon had tampered with the vote, the National Labor Relations Board (NLRB) ordered a rerun.


The RWDSU reported on Wednesday that voter turnout in Alabama was down from last year. In the current election, around 39 percent of the 6,143 employees authorized to receive postal votes voted, down from more than 50 percent in 2021.


Workers in New York City's Staten Island borough had several hours remaining to vote on Wednesday, although turnout was not yet known.


The counts for Bessemer and Staten Island are provisionally slated to begin at 1 p.m. Eastern Time on Thursday, but that might change, according to an NLRB representative. Counting might take many days.


According to John Logan, a labor expert at San Francisco State University, the low participation may speak well for Amazon's union supporters.


"Supporters are more likely to be strong union voters," he added, adding that generalization was difficult. "Even a close election will be a type of morale booster and moral win for the RWDSU."


Amazon forwarded questions about the vote count and turnout to the National Labor Relations Board.


Parties in the Bessemer election, according to the RWDSU, have disputed hundreds of votes as invalid for counting, citing, for example, voters' employment dates, job classification, or other concerns.


These issues will be resolved once the remaining votes are tallied, and they have the potential to change the result of a tight election.