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Citigroup lowered its price target for Micron Technology (MU.O) from $510 to $425.On March 31, ZhengTong Auto (01728.HK) announced that trading in its shares on the Hong Kong Stock Exchange was suspended at 9:00 a.m. on July 2, 2025, and will remain suspended until further notice. The company is actively working with the offeror and financial advisor to restore the minimum public float, including placing or selling shares to selected independent third parties and identifying opportunities for new share placements, but as of the date of this announcement, no legally binding commitments have been reached. Given that the companys full-year results will not be published until March 30, 2026, some potential investors prefer to make investment decisions after the results are announced, and related discussions will require time to proceed. The company will issue further announcements regarding the progress of restoring the public float in due course.A spokesperson for the European Commission said: "We will not speculate on any possible next steps or related measures that the Commission may take."On March 31, European Central Bank (ECB) Governing Council member Aleksandar Vujicic stated that the rise in inflation expectations since the outbreak of the Iran-Iraq war was not surprising. He said, "This is exactly what we expected and said before – inflation will definitely rise due to events related to Iran. The longer the war lasts and the greater the damage to energy infrastructure, the more likely we are to see upward pressure on energy prices, which will translate into higher inflation." ECB officials are closely monitoring price expectations from consumers, businesses, and investors to decide how to respond to soaring energy costs. This factor drove eurozone inflation to its largest increase since 2022 in March. While some policymakers believe a rate hike may be necessary next month, Vujicic declined to comment definitively. "Nothing is certain, and there will be a lot of data and news before our April meeting," he said.On March 31st, it was learned from industry sources that the Securities Association of China recently issued a notice to the industry, officially launching the assessment of the digital capability maturity of securities companies. The assessment aims to guide industry institutions to systematically "understand their own capabilities," identify problems and shortcomings in their digital transformation through benchmarking, and thus clarify the optimization direction and key areas for future digital capability development. The assessment results will also provide important reference for regulatory authorities to comprehensively understand the overall digital level of the industry and formulate relevant decisions. The simultaneously issued "Securities Company Digital Capability Maturity Assessment Scheme (2026)" details the composition of securities companies digital capability system, maturity level classification, and the significance of the digital capability assessment. It also introduces the basic requirements, assessment process, and specific assessment requirements. Furthermore, the scheme provides a method for calculating the assessment results.

A Labor Board Official Concludes That Amazon's Forced Union Meetings Are Illegal

Charlie Brooks

May 07, 2022 10:11

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A U.S. labor board member believes Amazon.com Inc. (NASDAQ:AMZN) violated federal law by holding required staff meetings in New York City to discourage unionization, according to a board representative on Friday. This might set a new legal precedent.


According to a revised lawsuit and an audio clip released with Reuters by the Amazon Labor Union, the retailer allegedly coerced employees at an Amazon facility on Staten Island to attend so-called captive audience trainings and threatened to fire employees who joined the ALU.


Kayla Blado, a representative for the National Labor Relations Board, stated that the regional director of the Brooklyn-based office of the NLRB has found merit in the claims, a potential first for captive-audience techniques. If the parties are unable to reach a settlement, the Brooklyn division will file a complaint against Amazon that might be adjudicated at the federal level by the NLRB.


Staten Island is a part of the Brooklyn region for the NLRB.


According to a recording obtained by the ALU, an Amazon manager warned employees in March that if they voted to organize, unions might negotiate for a contract condition that "would oblige Amazon to terminate you if you don't want to join the union and pay union dues."


Amazon spokesman Kelly Nantel stated in a statement, "These allegations are unfounded, and we look forward to demonstrating that throughout the process." Amazon stated that mandatory meetings have been lawful for over seventy years and are regularly held by businesses.


The precedent of the NLRB that meetings are lawful dates back to the 1940s.


Within weeks of the March event, the New York warehouse voted to join the ALU, becoming the first Amazon operation in the United States to unionize. Amazon contests the outcome.


Amazon's meetings have been a flashpoint for labor organizers who, for years, attempted to represent workers at the second-largest private employer in the United States but lacked a place to challenge the company's perspective.


The ALU's pro bono attorney, Seth Goldstein, stated, "We hope that Amazon will halt its baseless challenges to our resounding election victory and instead focus on correcting its unconstitutional union-busting actions."


Jennifer Abruzzo, the NLRB's senior attorney, requested the board last month to prohibit firms from requiring employees to attend anti-union meetings, arguing that such events violate employees' freedom of choice. Abruzzo stated that she will petition the board to reverse the ruling that the meetings are permissible in a future instance.


Last year, President Joe Biden, regarded as the most pro-union U.S. president in decades, nominated Abruzzo as general counsel, a post independent of the NLRB's five members.

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