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On April 12th, Maybank senior strategist Fiona Lim stated that while the market may be somewhat disappointed by the lack of progress in US-Iran negotiations, this was not entirely unexpected. The US dollar may gain further upward momentum at the opening on Monday. Some Asian currencies, particularly those of net energy importers such as the South Korean won, Philippine peso, Japanese yen, and Thai baht, began to weaken last Friday and may continue to face pressure this week.On April 12th, Saxo Banks Chief Investment Strategist, Charu Chanana, stated that the failure of the US-Iran negotiations was a setback. For the market, this means the previous easing of tensions is likely to fade. Oil prices may rebound, risk sentiment will be dampened again, and the Strait of Hormuz, even without a complete closure, will remain a real choke point risk. However, this is not surprising given the significant differences in the two sides positions on nuclear safeguards and the Strait of Hormuz issue. For the US dollar, this means some renewed safe-haven support, but unless there is a new military escalation, a broad-based surge is unlikely. Gold may benefit from renewed geopolitical hedging demand, but the market is not yet fully back to the worst-case inflation shock scenario.Kremlin: Russia is prepared to sell natural gas to Europe if there is still a surplus in supply to "alternative markets".Kremlin: Russia currently has only 17% to 18% of Donetsk Oblast in Ukraine out of control.Kremlin: Even if Russia doesnt sell natural gas to the EU, the EU will find ways to buy it.

Three Times Every Week, Starbucks Support Staff Will Work Remotely

Aria Thomas

Jan 12, 2023 11:16

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Starbucks Corp (NASDAQ:SBUX) stated on Wednesday that its U.S. support center employees are now required to be in the office at least three days per week, up from one day per week previously.


Due to the epidemic, the coffee chain has joined the ranks of other U.S. companies that are restricting work-from-home and hybrid work arrangements.


Starting on January 30, Starbucks employees within commuting distance would be required to report to work on Tuesdays, Wednesdays, and a third day of the week mutually chosen by the immediate leader and team. The corporation informed employees that they were free to work remotely for the remaining two days.


80% of the time towards the end of February, Snap Inc (NYSE:SNAP) employees will be in the office. Elon Musk notified Twitter employees that remote work would no longer be authorized, and Uber (NYSE:UBER) has mandated that employees work in the office twice each week.


Starbucks announced that the three-day-per-week attendance requirement was essential for all support personnel after some failed to meet the prior "minimum guarantee" of one day per week.


Regional support partners within commuting distance of a regional office are subject to the new policy. According to the world's largest coffee chain, all regional partners would be in the office on the third day of the week.


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