American workers are not well represented by unions, with only about 10 percent unionised. But a growing labour-rights movement is seeking to change that, as determined workers take on the titans of corporate America, such as Amazon and Starbucks, and win, despite concerted efforts by the corporations to squash the momentum in its tracks.
Finance
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Bond yields are on the rise in the United States, breaking through recent thresholds, as the Fed undertakes aggressive monetary tightening to combat inflation. With further interest-rate increases expected well into 2023, despite fears that these moves will cause the economy to spiral into recession, will bond yields continue to increase?
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With the United Kingdom’s inflation surging to 9 percent, a 40-year high, it holds the dubious title of bearing Europe’s highest inflation rate, topping the G7 countries. Britons are experiencing unprecedented cost-of-living burdens with no end in sight. The Bank of England must squelch soaring inflation without triggering a recession.
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The Earth is home to billions of Muslims, many of whom desire Shariah standards to be embedded in their financial dealings. While Islamic finance is prospering and growing rapidly, fintech solutions designed for Islamic banking are lagging. The field is ripe with opportunities for banks and fintechs to form rewarding, targeted partnerships.
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Billionaires often share their vast wealth with philanthropic causes, earning accolades along with tax benefits. But is this generosity as benevolent as it appears? Or is the main motivation tax avoidance? Some commentators believe society would be better served by receiving more of the ultra-wealthy’s taxes instead of their donations.
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Ukraine and Russia disagree on many areas, but one topic on which they concur is that cryptocurrencies are useful. Ukraine has benefited from the instantaneous receipt of cryptos, while Russia may have found it a useful vehicle to skirt around sanctions. Despite tearing much down, the war may be raising crypto up as an alternative to fiat.
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Rapidly evolving customer demands are greasing the wheels of change within the UK financial services (FS) industry, with retail banking channel preferences shifting unreservedly towards digital. Progress made in open banking regulation in recent years has catalysed progress on this front, having increased massively in scope since the inception of PSD2 in 2018.
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Sri Lanka—suffering from rising inflation, dropping currency value and increasing import costs—shook creditors by announcing that it would suspend foreign-debt payments until its massive debt could be restructured and reserves replenished. With the country plagued with multiple problems, the IMF may be its ultimate rescuer once again.
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The pandemic depressed economic activity worldwide. While many sectors have bounced back, supply chains continue to struggle, causing headaches for everyone from consumers to chief executives and aggravating skyrocketing inflation. What does the future hold for supply chains, and what are the most effective solutions to help them recover?
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The urgency of action needed to combat climate change has been further amplified by recently released reports from IPCC (Sixth Assessment Report on Climate Change) and IEA (Global Energy Review – CO2 emissions in 2021). Against the alarming backdrop of some of the already irreversible impacts from rise in weather and climate extremes