Thousands of Workers to Demand Better Rights and Environmental Action
On one of the busiest shopping days of the year, thousands of Amazon staff across more than 20 countries are set to protest or strike in a push for better workers’ rights. The international strike action has been coordinated by the Make Amazon Pay campaign, which has seen over 80 organizations participate since its inception in 2020.
A Global Effort
The Make Amazon Pay campaign is not only focused on improving workers’ rights at Amazon but also highlighting the US retailer’s environmental impact. With four days of global action on Black Friday, the movement aims to bring attention to the issues surrounding corporate power and the need for accountability.
UNI Global Union Weighs In
Christy Hoffman, general secretary of the UNI Global Union, expressed her support for the Make Amazon Pay campaign: "No matter how much they spend to fight us, corporations like Amazon cannot break the power of workers standing together. Make Amazon Pay Day is a powerful testament to our unity and momentum."
Amazon’s Response
A spokesperson for Amazon had not responded to Yahoo Finance UK’s request for comment at the time of writing.
Disney Sees Boost in Box Office with Moana 2 Release
The release of Moana 2, the sequel to one of the biggest hits on the Disney+ streaming platform, is set to give the film industry a much-needed boost. With nearly 80 billion minutes watched since its release on Disney+, audiences have viewed the original ‘Moana’ over 775 million times.
Box Office Guru Founder’s Take
Gitesh Pandya, founder and editor of Box Office Guru, stated that Moana 2 is "a guaranteed hit." Combined with the second weekend of Gladiator II and Wicked in theaters in the US, this release is expected to be "probably the biggest Thanksgiving box office in over a decade."
Chip Stocks Rise Following Reports of Toned-Down Restrictions
Chip stocks in Asia and Europe rose on Thursday following reports that the US was considering toned-down restrictions on semiconductor sales to China. The Amsterdam-listed shares of ASML, which manufactures lithography machines crucial for chip production, were among those that rose.
Barclays’ Take
In a note released last week, Barclays equity researchers Simon Coles and Rohan Bahl maintained an overweight rating on ASML. They stated that the company’s recent capital markets day was "largely reassuring" and addressed many concerns that should provide some comfort on the scope for long-term growth.
Adani Green Energy Shares Surge Following Company Statement
Shares in Indian renewable energy company Adani Green Energy continued to rally on Friday following a company statement in response to recent media reports of an alleged $250m (£197m) bribery scheme involving its billionaire owner Gautam Adani. The company secretary stated that reports of certain directors being charged with violations of the U.S. Foreign Corrupt Practices Act were "incorrect."
Anglo American Sees Biggest Rise on FTSE 100
Miner Anglo American was the biggest riser on the FTSE 100 (^FTSE) on Friday morning, up nearly 3%. Shares have been on the rise this week after Anglo American agreed to sell its remaining steelmaking coal business to Peabody Energy for up to $3.8bn.
Financial Times Reports Speculation of BHP’s Potential Fresh Bid
The Financial Times reported that challenges at rival BHP’s (BHP.L) Escondida mine, the world’s largest copper mine, prompted speculation as to whether it would make a fresh bid for Anglo American. A six-month restriction on making a new offer after the withdrawal of its previous bid ends on Friday.
Other Notable Companies in the News
- Shopify (SHOP)
- Peel Hunt (PEEL.L)
- Frontline (FRO)
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