China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.
A failed attempt to unionize Amazon.com warehouse workers shows why Congress needs to pass proposed legislation to protect labor unions against corporations’ anti-organizing efforts, Democratic lawmakers said Friday.
Amazon.com warehouse workers in Alabama voted against forming a union by a more than 2-to-1 margin in a major win for the retailer, but the union said it would challenge the results, citing election interference.
The French group has unveiled a new logistics hub in Trecate, northern Italy, which will bring together all of its European operations. The logistical reorganization will also affect the U.S., the Middle East and Asia.
The US apparel and footwear group has inaugurated a 55,700-square-metrer logistics centre in Leicestershire that will generate up to 250 new jobs, and will boost the group’s business in the UK and the EMEA region.
U.S. securities regulators on Wednesday turned down an exemption sought by Amazon.com Inc to stop its investors from considering a shareholder proposal related to racial equity at the e-commerce giant.
Pakistan-based vertically integrated denim business Soorty has launched the ‘Soorty Organic Cotton Initiative’ to pioneer the use of organic cotton farmed with regenerative practices in denim production.
Amazon.com Inc supports a hike in the U.S. corporate tax rate as part of an infrastructure overhaul, Jeff Bezos, chief executive of the largest U.S. retailer, said on Tuesday after facing criticism from the White House.
The euro zone economy is poised for up to five years of private consumption above pre-pandemic levels once Europe's households are able to spend freely again, a European Central Bank policymaker forecast on Tuesday.