• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 29th, Hong Kong Exchanges and Clearing Limited (00388.HK) announced that its revenue and other income for the first quarter of 2026 were HK$8.203 billion, an increase of 20% compared to the first quarter of 2025 (and 12% compared to the fourth quarter of 2025). Revenue from its main business increased by 22% compared to the first quarter of 2025, reflecting increased trading and settlement fees due to higher trading volumes in the spot and commodity markets. Profit attributable to shareholders was HK$5.188 billion, an increase of 27% compared to the first quarter of 2025 (and 20% compared to the fourth quarter of 2025).On April 29, the State Taxation Administration held a press conference in Chongqing to release the "Country-Specific Implementation Guidelines for the Global Minimum Tax Rule," which for the first time released the country-specific implementation guidelines for Denmark, Ireland, and the United Arab Emirates. This marks a further upgrade to the "Tax Road" cross-border tax knowledge product system.On April 29th, Geely Automobile (00175.HK) announced that in the first quarter of 2026, the Group continued its steady growth momentum, recording total sales of 709,358 vehicles, representing a year-on-year increase of 1%. Benefiting from strong export sales and an increased proportion of high-value product sales, the Groups revenue increased by 15% year-on-year, with revenue growth exceeding sales growth. In the first quarter of 2026, profit attributable to owners of the parent company was RMB 4.17 billion, a year-on-year decrease of 27%, mainly due to the different impact of foreign exchange fluctuations compared to the same period last year.On April 29th, TSMC (TSM.N) announced in a company filing that it had sold its remaining stake in Arm (ARM.O). The filing shows that TSMC Partners sold 1.11 million Arm shares at $207.65 per share between April 28th and 29th, for a total of approximately $231 million. This sale had a $174 million impact on retained earnings. Following the transaction, TSMC no longer holds any Arm shares. TSMC, along with several strategic investors, invested approximately $100 million in Arm during its 2023 IPO at $51 per share. Subsequently, TSMC gradually reduced its holdings, selling 850,000 shares at $119.47 per share in 2024, realizing approximately $102 million.On April 29th, the Inaugural Meeting of the Guangdong-Hong Kong-Macao Greater Bay Area (Guangzhou) Securities and Futures Arbitration Center and the 13th Southern Financial Law Forum were held in Guangzhou on the 28th. More than 200 representatives from financial regulators, judicial administration, arbitration service institutions, industry associations, and universities witnessed the centers launch. According to the Guangzhou Arbitration Commission, this center is the first securities and futures arbitration institution approved to be established nationwide outside of the pilot programs in Beijing, Shanghai, and Shenzhen, filling a gap in the region. The center brings together a group of experts with profound theoretical knowledge and rich experience in the fields of financial law and capital market regulation, aiming to provide professional support for handling complex financial disputes and improving diversified dispute resolution mechanisms.

Analysis-Amazon Win Offers Unions Hope, But Problems Remain

Haiden Holmes

Apr 02, 2022 09:27

A2.png


The news on Friday that the United States' first-ever union would be joining the country's second-largest private employer ricocheted across labor organizations, as they started to see a road forward for enlisting employees and reversing decades of decline in their numbers.


Amazon now seems to be a more manageable target for them, albeit it remains a difficult one. Around 55% of votes cast at the Staten Island site went to the Amazon Labor Union (ALU), a newly formed organization led by former Amazon employee Christian Smalls.


The corporation said that it may submit objections and that regardless of whether or not the ALU's victory is formalized, it must still win a contract.


This may be as difficult as winning an election, according to Gregory DeFreitas, a Hofstra University professor of labor economics.


According to a federal document, Amazon spent more than $4 million on labor consultants in 2021 to attempt to convince employees.


"Amazon just has enormous resources for fighting unions and an enormous willingness to do whatever it takes to stay union-free," said John Logan, a San Francisco State University professor who researches anti-union operations.


Duplicating Amazon's success may be challenging. Local expertise and warehouse experience aided the ALU's leadership, which at times attempted to disassociate themselves from the efforts of national labor organizations.


"What succeeds are the leaders who employees know and trust," said Burt Flickinger, managing director of retail consultant Strategic Resource Group, who assisted several unions on organizing Amazon. Flickinger anticipates union organizing efforts to concentrate on more warehouses and Amazon-owned Whole Foods Market locations, noting that unions will need to rebuild depleted financial coffers in order to organize.


The victory in New York follows numerous previous victories at Starbucks coffee outlets. Additionally, it contributes to the perception that the labor movement is evolving. According to Joshua Freeman, a history professor at the CUNY School of Labor and Urban Studies, the ALU used creative organizing strategies, gaining momentum via social media.

The ALU solicited funds through a GoFundMe page.

Simultaneously, established unions are attempting to assist ALU leader Smalls. The Service Employees International Union (SEIU) is extending "any assistance we can," according to Mary Kay Henry, the union's president.

'SPREAD LIKE A BURNING FIRE'

On Friday, the renewed purpose was obvious among union leaders.


The Teamsters, who have been a stalwart opponent of Amazon's refusal to unionize one of its US locations for years, are continue their struggle "on the work floor, at the negotiating table, and on the streets," General President Sean O'Brien stated after the ALU's triumph.


At the SEIU's national headquarters, people cheered and leapt with excitement.


In an interview, Henry said, "This will spread like wildfire." "It's a great source of encouragement for employees opposing the five main airline businesses, for workers battling Starbucks."


Though not finalized, a lost union vote at Amazon's Bessemer, Alabama warehouse prompted some to fear that the ALU's triumph would be limited to labor-friendly states such as New York. That is not the case, according to Logan, the labor professor.


The next battleground will be on Staten Island this month at a second Amazon facility, but some of the company's food workers, as well as other employees and contractors, are mobilizing in Seattle.


"Suddenly, attempting to create a union at Amazon does not seem so pointless," Logan said, adding, "If you can win at Amazon, you can win elsewhere."