EUR/USD 1.16265
0.168%
Gold 4255.13
0.816%
Oil 59.167
-0.525%
USD/JPY 155.101
-0.561%
GBP/USD 1.32325
-0.162%
GBP/JPY 205.241
-0.442%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: Ukraine is seeking to raise another €1 billion to purchase US weapons by the end of the year.December 1st - Broadstone analyst Paul Matthews noted in a report that UK mortgages may become more affordable by the end of the year, as the Bank of England is expected to cut interest rates to 3.75% on December 18th. Bank of England data released Monday showed that mortgage approvals fell by approximately 600 to 65,018 in October. Matthews stated that this decline was due to weak consumer confidence ahead of the budget announcement. "The worst may be over in terms of further tax increases, which should provide a stable forward direction for financial planning."On December 1st, shipping company Besiktas confirmed that a diesel tanker carrying diesel fuel was attacked by four external explosions in waters near Dakar, Senegal. This is the third attack on a Russian-linked vessel in the past few days. The statement indicated that the "Mercin" tankers engine room had taken on water, but the ship was in stable condition, all crew members were safe, and no pollution incidents had occurred.On December 1st, Alexandre Caminade, Head of Sovereign, Emerging Markets and Integrated Fixed Income at Ostrum Asset Management, noted in a report that the long-term outlook for US interest rates remains uncertain, and volatility is likely to persist due to monetary and political uncertainty. Continued inflation could slow the Federal Reserves rate-cutting cycle, while a reshuffle of Fed policymakers could have the opposite effect. "Furthermore, the midterm elections, high budget deficits, the Trump administrations policies, the high valuations of AI companies, and the vulnerability of unlisted credit could all contribute to a degree of volatility in 2026," he stated.Bank of America Global Research: The Federal Reserve is expected to cut interest rates by 25 basis points in December 2025, whereas previous forecasts predicted no rate cut.

Starbucks Requests Equal Time With The White House After Biden Meets With Union Leaders

Haiden Holmes

May 07, 2022 10:14

S2.png


Starbucks Corp has requested a meeting with U.S. President Joe Biden's administration after unionized staff met with White House officials on Thursday, stating in a statement that the majority of its workers do not wish to join a union.


Separately, an officer with the National Labor Relations Board (NLRB) filed a complaint on Friday alleging alleged violations of U.S. labor law by Starbucks (NASDAQ:SBUX) against union members. Starbucks stated that the charges contained in the complaint are untrue and meritless.


Starbucks expressed "great concern" in a letter to the White House, dated Thursday and revealed on Friday, that Workers United, which is organizing hundreds of U.S. Starbucks outlets, was invited to a meeting without Starbucks officials. White House officials declined to respond.


On Thursday, Vice President Joe Biden met with workers and labor organizers aiming to represent Amazon.com Inc. (NASDAQ:AMZN), Starbucks, and other firms' employees.


Christian Smalls, leader of the Amazon Labor Union, and Laura Garza, a Starbucks employee working with Workers United, were among the attendees.


During the discussion, Biden reportedly stated, "When I ran for president, I pledged to be the most pro-labor, pro-union president in American history," according to video extracts released by the White House on Friday.


Starbucks stated in the letter that its lack of representation "disregards the fact that the majority of our partners oppose union membership and Workers United's unionization techniques." The coffee chain's baristas and other employees are referred to as partners.


Workers at more than 50 U.S. Starbucks cafés have chosen to join Workers United, while five outlets have voted against the union, out of over 240 that have held elections since August. Workers United is a Service Employees International Union affiliate.


Starbucks said, "We have a significantly more optimistic outlook for our partners and our organization than Workers United."


Workers United tweeted a message from Garza, who stated that Starbucks' reaction was "heartbreaking to read." She stated that she was honored to represent all Starbucks partners, union or not, at the conference.


In a complaint accessed by Reuters, the regional director for Buffalo, New York, of the National Labor Relations Board cited allegations presented to the agency by Workers United, including assertions that Starbucks threatened, dismissed, and conducted surveillance on union members in the state.


Regional Director Linda M. Leslie's lawsuit asserts that Starbucks' conduct, as alleged in the claims, violates the National Labor Relations Act. On July 11, a judge from the NLRB will hold a hearing regarding the claims, according to the lawsuit.


Starbucks stated in a statement that the complaint raises significant concerns but "does not establish an NLRB conclusion."


They added: "It is the start of a legal proceeding that allows both parties to be heard and present evidence. We think that the allegations in the complaint are untrue, and we look forward to presenting our evidence when the charges are adjudicated."

Suggestion