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Micro stocks shine in China's flagging share market
Micro stocks shine in China's flagging share market
By Jason Xue and Summer Zhen SHANGHAI/HONG KONG China's annus horribilis has seen its stock markets fall, funds
2023-11-01 09:18
‘They abuse us’: Female workers making Fifa World Cup merchandise face systemic harm, says report
‘They abuse us’: Female workers making Fifa World Cup merchandise face systemic harm, says report
Female workers who produce Fifa merchandise for events such as the Women’s World Cup have endured pay below minimum wage, verbal abuse, unpaid overtime and threats of job loss if they fall pregnant, according to a new report by human rights researcher Equidem. Equidem has criticised Fifa for not taking action on a situation that seems to go against the advances the tournament has been responsible for, and president Gianni Infantino has been urged to extend “that progress to addressing the harms its women workers experience”. Equidem has put its report into the context of the litany of migrant labour abuses that occurred due to the men’s World Cup in Qatar and asked why there has been no update from a human rights subcommittee that was supposed to be set up to assess the legacy of that event, raising questions about Fifa’s expressed commitment to improving working conditions. The report features interviews with women workers in factories in Bangladesh that make official merchandise for Fifa events, and involves distressing testimonies including verbal abuse and the illegal denial of worksite childcare and maternity leave. Equidem heard several stories of women denied freedom of association. “We have a daily target to reach,” one worker said. “The supervisor fixes our daily target. I make 60-80 pieces per hour. I can only go to the restroom after finishing my hourly target. When a lot of work piles up, they don’t let us go anywhere. They verbally abuse us. I work for 10-12 hours a day at my sewing machine. Today, my supervisor told me to give 80 pieces per hour, but it was quite difficult to make 80 pieces. I made 60 pieces per hour. He shouted at me several times. “I can’t keep my son with me. I work between eight and 12 hours every day. Who will look after him? I searched for someone to leave my son with when I went to work, but I did not get anyone. We don’t have a childcare room in our factory. My son lives in Dhaka with my mother-in law and father-in-law.” Workers described a common practice of being told they would lose their jobs if they became pregnant during the first two years of employment. One woman employed as a sewing machine operator explained: “When I started working here, the factory doctor told me not to have babies for the first two years. I was told that after completing two years, I can have children. If I get pregnant before that, I will have to resign. They will not give me any leave.” Some workers spoken to by Equidem reported that they did not get paid any maternity leave at all, even though they are supposed to be legally entitled to four months, making it a clear violation of Bangladeshi law. Equidem’s CEO Mustafa Qadri states: “After the Men’s World Cup this past year in Qatar, FIFA pledged to set up a human rights subcommittee that would assess the legacy of the 2022 tournament, although there has been no further update as to the status of that assessment, nor its learnings. Equidem urges FIFA to extend its expressed commitment to improving working conditions to women workers in their apparel supply chains. "Yet, the world has seen significant advances in pay parity for women players, including making the Women’s World Cup more professional, ensuring equal regulations and conditions, and fair distribution of prize money to players. The United States team, after years of negotiations, public battles, and court filing won an equal pay deal that makes them one of the best-paid national teams in the world. "The FIFA Women’s World Cup 2023 brings with it many positive improvements for its players, and it is crucial that FIFA extends that progress to addressing the harms its women workers experience. FIFA has the power, money, and resource to address this at the systemic level, and we will keep monitoring their global supply chains until it does. “This movement toward gender parity within FIFA, signals a heightened commitment within the organisation to fair conditions for women players—on par with their male counterparts. This should extend to all women, not just those under the stadium lights.” A Fifa spokesperson said: “FIFA has stringent labour rights requirements for companies producing FIFA-licensed goods and takes any allegation of labour rights abuse in its supply chain very seriously. FIFA is in contact with both Equidem and the respective companies to further investigate the matter.” Read More Fifa urged to make human rights key consideration for World Cup 2030 host ‘Matter of when not whether’ UK hosts Women’s World Cup – sports minister Kevin De Bruyne says new approach to added time ‘doesn’t make any sense’ How much added time? Football’s new guidelines and the impact they will have Raphael Varane says players’ opinions ignored over ‘damaging’ new guidelines
2023-08-10 17:16
Biden, McCarthy to Meet Over Debt Drama as Markets Grow Anxious
Biden, McCarthy to Meet Over Debt Drama as Markets Grow Anxious
President Joe Biden will sit down with House Speaker Kevin McCarthy for their first meeting in three months
2023-05-09 21:56
War in Ukraine Tests Austria’s Status as Gateway to the East
War in Ukraine Tests Austria’s Status as Gateway to the East
Waagner-Biro Bridge Systems makes modular steel overpasses that can span rivers and valleys in conflict zones. As Ukraine
2023-09-02 14:52
UBS fined nearly $400 million related to Credit Suisse's relationship with failed fund Archegos
UBS fined nearly $400 million related to Credit Suisse's relationship with failed fund Archegos
Swiss banking giant UBS will pay nearly $400 million in fines to U.S., Swiss and U.K. banking authorities for the management failures of Credit Suisse, which UBS bought in June
2023-07-25 04:16
Rob Manfred's term as baseball commissioner extended until 2029 by MLB owners
Rob Manfred's term as baseball commissioner extended until 2029 by MLB owners
Baseball Commissioner Rob Manfred’s term was extended until 2029 on Wednesday by major league owners
2023-07-27 02:18
US commerce secretary will visit China next week at a critical moment for the world's top two economies
US commerce secretary will visit China next week at a critical moment for the world's top two economies
US Commerce Secretary Gina Raimondo will visit China next week at a critical time for the world's second-largest economy — and for the Biden administration's relationship with the country and its leaders.
2023-08-23 00:59
Slower US job, wage gains expected in May
Slower US job, wage gains expected in May
By Lucia Mutikani WASHINGTON U.S. job growth likely slowed in May, with wages coming off the boil, potentially
2023-06-02 12:19
Vietnam's power blackouts hit multinationals' manufacturing hubs
Vietnam's power blackouts hit multinationals' manufacturing hubs
By Khanh Vu and Francesco Guarascio HANOI Vietnam's rolling power cuts have hit industrial parks in the country's
2023-06-05 17:51
A report that foreshadows CPI is a mix of good and bad
A report that foreshadows CPI is a mix of good and bad
Inflation's like a bad roommate who you're stuck living with until your lease is up.
2023-10-12 09:15
New Kodak Moments Photo Printing Software Unlocks 60 New Features to Help Retailers Accelerate Growth
New Kodak Moments Photo Printing Software Unlocks 60 New Features to Help Retailers Accelerate Growth
ROCHESTER, N.Y.--(BUSINESS WIRE)--Oct 18, 2023--
2023-10-18 14:48
Newmont Appoints Experienced Chief Financial Officer
Newmont Appoints Experienced Chief Financial Officer
DENVER--(BUSINESS WIRE)--May 18, 2023--
2023-05-19 07:24