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Economy

Canada Post Strike Continues, Disrupting Holiday Mail Delivery

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

Canada’s Mail Service Stuck in Holiday Hurdle as Workers’ Strike Continues

Over 55,000 Canada Post workers are picketing across the country, leaving Canadians navigating a disrupted holiday season with limited access to mail and essential services.

Negotiations Stall as Strike Enters Second Week

The Canadian Union of Postal Workers (CUPW) and Canada Post remain at odds after formal mediation broke down on Wednesday, leaving both sides at a standstill as the strike enters its second week. Federal Labour Minister Steven MacKinnon labeled the situation “a conflict”, urging both parties to reconsider their positions and seek a resolution.

“The minimum wage and keeping up with the rising cost of living are key issues, but it’s more than just about money,” said Stephanie Ross, a labour studies professor at McMaster University. “This is about the fundamental structure of work and Canada Post appears unwilling to reconsider the by now outdated two-tier system.”

“Who wants to schedule someone for only eight hours a week? Who can live off that?” exclaimed the union in a compelling statement.

Weekend Delivery: A Point of Contentions

At the heart of the dispute lies the ambition to modernize weekend parcel deliveries. Canada Post, grappling with intensifying competition from courier services offering daily delivery, is pushing for a shift towards employing more part-time staff for weekend deliveries. Conversely, CUPW is dedicated to securing weekend deliveries for existing full-time employees who would be compensated at their regular hourly wage plus overtime.

Online retail giants have propelled package delivery growth, accelerating flesh out a new landscape for postal services. This growth coincides with calls for improved working conditions and fair pay.

Concerns Mount as Consumers and Businesses Brace for Impact

The strike has left individuals and businesses scrambling to adapt to the disruption. Aftab Ahmed, new Canadian citizen, finds himself in a challenging predicament as his Canadian and Bangladeshi passports are stranded. He waits anxiously for the resolution to resume his travel plans.

“The only alternative is to drive 16 hours to Alberta hoping to find what we need in a store as opposed to getting goods delivered online,” shared Linda Croft, managing her businesses amidst dwindling stock in a remote community.

Experts say the longer the strike endures, the greater the pressure will become on both parties to end the stalemate and resume normal postal services.

What are the major points of contention in the Canada Post workers’ strike?

⁣ ## Canada’s Mail Stuck in ⁣Holiday Hurdle: An Interview

**Host:** Welcome back ⁢to the show. We’re joined today by Dr. Stephanie Ross, a‌ labor studies professor at [University Name – missing from provided text] to ‍discuss the ongoing Canada Post workers’ strike. Dr. Ross, can you give us a ​sense of the current situation?

**Dr. Ross:** Absolutely. Canadians are facing‌ a⁢ significant disruption to their mail service as ​over 55,000 postal workers⁣ across the country are on strike. This⁤ strike is now entering its second week,⁤ creating added pressure as we head into⁣ the busy holiday ‌season.

**Host:**​ ​Negotiations seem to⁢ be stalled. What ‍are ​the major points of contention?

**Dr. Ross:** The Canadian Union of Postal Workers (CUPW) and Canada Post have been ⁣unable to reach an agreement after formal mediation broke down on Wednesday. While wages, particularly‌ keeping up with the rising cost of living, are key issues, Dr. Ross explains it’s more complex than just money. [ [1](https://www.canadapost-postescanada.ca/cpc/en/our-company/news-and-media/corporate-news/negotiations/2024-11-15-cupw-announces-national-strike-that-will-cause-service-delays-for-canadians)]

**Host:** Federal Labour ⁣Minister Steven MacKinnon has urged both sides to return to negotiations and find a‌ resolution. ‌What⁤ are the potential consequences if this strike drags on?

**Dr. Ross:** The consequences could be significant. Beyond the obvious disruptions ⁣to mail delivery, especially during the holiday season, there’s a risk of impacting businesses reliant on Canada Post for their operations. Furthermore, prolonged labor disputes can damage relationships and make future ⁤negotiations more ⁣difficult.

**Host:** Dr. Ross,⁣ thank you for shedding light on this critical situation. We hope both sides can find common ground soon.

**Dr. Ross:** Thank you for having me.

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Economy

European Markets Expected to Rise Despite Inflation Concerns

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

European Markets Poised for Gains as Global Markets Watch Inflation

European stock futures point to a strong opening on Thursday, as investors digest American economic data during the Thanksgiving holiday lull. Trading is expected to be subdued with US markets closed, but a key focus remains on inflation, recent technological dips, and potential for rising yields in France.

## Optimism Mixed With Cautious Leaders

The CAC 40 [PARIS] is expected to rise by 0.3%, with smaller expected increases for London’s FTSE and Frankfurt’s Dax.

Inflationary pressures remain on investors’ minds following data released Wednesday showing PCE inflation ticking up in October.

“This inflation figure shouldn’t change anything. ‘+’ While core inflation is stalling in its progress towards the 2% target, “it is no longer at real inflation danger zones for the Fed,” explains Bastien Drut, Head of Strategy and Economic Studies at CPR AM.

Quiet Trading Expected Ahead of Another Crucial Data Release

Still, the quiet trading days ahead of the upcoming release of November’s German inflation data add uncertainty.

French assets could see continued volatility, as the gap between French and German rates has reached a 12-year high, adding to concern around political instability in France.

## Wall Street Ends Down as Tech Weakness Continues

Yesterday, the New York Stock Exchange closed lower ahead of the Thanksgiving break.

The Dow Jones fell 0.31%, closing at 44,723.23 points, while the S&P 500 edged down 0.38% to finish at 5,998.78 points, and the Nasdaq Composite weakened 0.59%, closing at 19,061.78 points.

Anxiety in the tech sector was particularly pronounced, with computer makers Dell and HP Inc tumbling 12% and nearly 6% respectively, adding to worries over a rebound in PC demand. Artificial intelligence may further impact the demand projections.

## Asian Markets See Gains

Asian markets saw mixed results on Thursday. By contrast, the Tokyo Stock Exchange gained 0.56%, and the broader Topix rose 0.82%. Particularly, shares of ‘.. Hangzhou-based electronics giant Tokyo Electron surged 6.7%

However, Chinese markets generally retreated on concerns over a potential escalation in trade tensions. In Hong Kong, the Hang Seng Index lost 1.34%, and mainland markets also leaned lower. The news followed reports of slumping PC sales in Capitals of Europe

## Dollar Strengthens Ahead of Key Releases

The dollar is stronger as investors analyze recent data, showing persistent inflation. The dollar endured a rise of 0.17% against leading currencies, with the euro easing by 0.15% against the dollar, reaching 1.0548, and the pound sterling also down 0.17% to 1.2657

Crudeinventories rose by 3.3 million barrels last weak, according to theEnergy Information Administration, putting downward pressure on oil prices. Brent crude fell 0.05% to 72.79 per barrel, while West Texas Intermediate moved down 0.1% to 68.65 raffinode

How​ could the release of the ⁣November German inflation data impact European markets?

## Interview:‍ European Markets Eye German Inflation Data

**Interviewer:** Bastien,⁢ thanks for joining us today. European markets are predicted to open ⁤higher tomorrow, but there’s a lot of cautious optimism in the air. What‌ are you⁤ seeing?

**Bastien Drut:** It’s a mix of relief‍ and anticipation, really. ⁢ We saw a slight uptick in US PCE inflation, but it’s not enough to drastically change the Fed’s trajectory. ‌ [[1](https://www.reuters.com/markets/europe/investors-euro-zone-inflation-expectations-fall-below-2-first-time-since-2022-2024-11-26/)]

While core inflation in the Eurozone is still ⁤moving towards that 2% target, it’s⁤ not in a danger zone anymore. Investors are taking that as a positive sign.

**Interviewer:** But there’s still a lot of uncertainty, isn’t there?

**Bastien Drut:** Absolutely. We’re in a lull⁢ before the release of the November German inflation data. That figures is going⁢ to be crucial. If⁢ it shows inflation ⁤is cooling‍ more rapidly than anticipated, we could see a bigger boost for European markets.

**Interviewer:** What about France? We’ve been seeing some volatility there lately.

**Bastien Drut:** ⁤Yes, France‍ is ⁣a bit of a wildcard. There are concerns about rising bond yields, which could put pressure on French assets.

**Interviewer:** So, ⁤a cautious outlook ⁢for now?

**Bastien Drut:** Definitely. We’ve got a mixed ⁤bag⁤ of signals at the moment. Positive momentum ​from the US, tempered by inflation concerns and French uncertainty.

European markets are poised for gains, but the extent of those‌ gains will likely depend on ‍how ‌the German inflation data ⁣plays out.

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Economy

New Fuel Subsidy Scheme: 5 Most Targeted Recipients

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief
New Fuel Subsidy Scheme: 5 Most Targeted Recipients
New fuel subsidy scheme and recipients (MI)

THE Indonesian government is currently designing and implementing a new scheme for fuel oil (BBM) subsidies to ensure that this assistance is more targeted and reduces waste that has occurred so far.

In this new scheme, fuel subsidies will no longer be given evenly, but will be more focused on certain groups of people and sectors that really need them.

Also read: Good News! Non-subsidized fuel prices fall

The new fuel subsidy scheme aims to ease the burden on low-income communities and optimize the use of subsidy funds for productive sectors.

This step was taken because previously it was felt that fuel subsidies were not on target and there was potential for abuse by groups who did not need the assistance.

Therefore, the government through the Ministry of Energy and Mineral Resources (ESDM) and the Ministry of Social Affairs (Kemensos) is introducing a more measurable mechanism.

Also read: Pertamax prices reduced, bro! The following is a complete list of the latest prices

The following are several categories of fuel subsidy recipients based on the new scheme that will be implemented:

1. Poor and Vulnerable Communities

The government will prioritize providing fuel subsidies to the people registered in Integrated Social Welfare Data (DTKS). This group consists of poor families who have low incomes and are vulnerable to poverty. Distribution of subsidies to them is expected to help them reduce their burden of expenses, especially in transportation and household energy costs.

2. Micro, Small and Medium Enterprises (MSME) Group

MSMEs are a sector that is very vulnerable to fluctuations in energy prices, especially fuel. Therefore, this business group will receive more attention in the new subsidy scheme. The government hopes that by providing subsidies to MSMEs, small businesses can maintain the continuity of their businesses without having to be burdened with high energy costs.

Also read: Duh! Pertamax price increases from IDR 12,950 to IDR 13,700 per liter

3. Public Transportation

Public transportation such as buses, public transportation and motorbike taxis are often people’s mainstay in daily mobility. With more focused fuel subsidies, it is hoped that public transportation costs will be more affordable. This will certainly have a positive impact on people who depend on public transportation for their activities.

4. Farmers and Fishermen

Farmer and fisherman groups who need fuel for agricultural and fisheries operations will also be the main recipients of this subsidy. Many farmers use fuel to operate agricultural machinery, while fishermen need fuel for boats and fishing gear. With subsidies, it is hoped that agricultural and fishery products will be more affordable and improve the welfare of farmers and fishermen.

5. Specific Industries

Certain industrial sectors, such as those involved in food security, production of basic commodities, and other sectors that support people’s basic needs, will also receive fuel subsidies. The government considers these sectors to be very important for the continuity of the national economy, so that the subsidies provided can increase competitiveness and reduce production costs.

Also read: Rejecting the fuel increase, workers threaten to hold demonstrations for a whole month

Use of Technology for Distribution of Subsidies

The government also plans to use technology to optimize the distribution of fuel subsidies. One of the proposed mechanisms is to use special applications and cards that make it easier to monitor subsidy recipients.

Through this system, the government can more easily verify who is entitled to receive subsidies and avoid potential abuse that has often occurred in the past.

In addition, quota restrictions for each type of fuel will also be implemented to ensure that only those who are entitled to subsidies receive them. In this way, it is hoped that there will be no more misuse or waste of subsidies that are not well targeted.

The implementation of the new fuel subsidy scheme certainly faces challenges, especially in terms of verifying accurate recipient data and transparency in distribution.

However, if implemented well, this scheme is expected to increase the efficiency of using the subsidy budget and provide greater benefits for people in need.

The government hopes that with well-targeted subsidies, sectors that depend on fuel can continue to run at more affordable costs, while poor people will no longer be burdened by ever-increasing fuel prices. (Z-10)

Source:

  • Ministry of Energy and Mineral Resources (ESDM). (2024). New Fuel Subsidy Scheme and Its Distribution. Jakarta: Ministry of Energy and Mineral Resources.
  • Ministry of Social Affairs (Kemensos). (2024). Integrated Social Welfare Data (DTKS). Jakarta: Ministry of Social Affairs.

#Fuel #Subsidy #Scheme #Recipients #Considered #Targeted

What are the main criticisms of the previous universal fuel subsidy⁤ system in Indonesia?

## Interview: Indonesia’s ‍New Fuel Subsidy Scheme

**Host:** Welcome back to the show. Joining us today is Sofia, an⁤ economist specializing in energy policy, to discuss Indonesia’s ⁢newly announced fuel⁣ subsidy scheme. Sofia, welcome to the ‍program.

**Sofia:** Thank you for having me.

**Host:** Indonesia has long⁢ offered universal fuel subsidies, but the⁤ government is ​transitioning to a more targeted ‌approach.⁤ Can you tell us why this change is happening?

**Sofia:** Absolutely. The old​ system was plagued by inefficiencies and potential ⁣misuse. Subsidies were benefitting those⁢ who ⁤didn’t necessarily need them,​ and ‌weren’t reaching those who truly struggled. This new approach aims to be​ more ‌precise, ensuring the benefits go directly to those who‍ need them most. ‌ [[1](https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099748505212431959/idu1e31e5e531f16114baa1b62c1b3201c9c2e68)]

**Host:** Interesting. ⁣And who are these new target groups?

**Sofia:** ⁢The government has identified five key groups. Firstly, **poor and vulnerable communities** registered in the national database DTKS will be​ prioritized.‍ Then, there’s ⁢a focus on⁤ **micro, small and medium enterprises**, especially as they’re vulnerable to fluctuating fuel prices. ​**Public​ transportation**, including buses, taxis⁤ and motorbike ride-hailing services, will​ also benefit to keep transportation affordable.

**Sofia:** ‍ ⁣Next are ​**farmers and fishermen**, who rely​ heavily on fuel for​ their operations. **specific ⁣industries** vital for national economic stability, such as food security and basic commodity production, will ⁤also receive support.

**Host:** This ‍sounds a lot more targeted than the previous system. Will there be safeguards against⁤ misuse?

**Sofia:** Definitely. The government plans‌ to⁣ leverage technology for⁢ more⁤ accurate distribution and accountability. They haven’t revealed specifics yet, but ‌it’s likely to involve digital ⁣identification and transaction monitoring.

**Host:** This is⁢ a ⁢significant change for Indonesia. Do you⁢ think it will be successful?

**Sofia:**⁢ I believe⁢ it has⁣ the potential to be successful. It addresses the inefficiencies of the old system and ‍prioritizes those ⁢who need it most. However, effective implementation will be crucial, and continuous monitoring and evaluation will be necessary ⁤to ensure the subsidy reaches its⁤ intended recipients.

**Host:** Thanks for​ sharing your insights, Sofia. This has been a fascinating discussion.

**Sofia:** My pleasure.

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Economy

Iki” Opens New Store in Kupiški with Discounts

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

“We constantly make sure that customers can shop as comfortably as possible, so we open new stores where they are especially useful and needed, and we would be even closer to our customers,” says Lina Muižienė, executive director of the “Iki” shopping chain.

According to the size and supply, the “Iki” store in Kupiški was awarded 2 hearts. It will provide a wide – up to 12 thousand. assortment of goods, so it will be suitable both for stocking up at home and for weekly or holiday shopping.

You are invited to immediately become a member of the “Iki” loyalty program

On the occasion of the opening, loyal customers will be treated to special offers valid only in the “IKI – Kupiškis” store. To be able to use them immediately, before the opening of the store, on November 25-27 from 10 am to 4 pm, “Iki” loyalty cards will be distributed free of charge near the store.

“We invite you to become members of the popular “Iki” loyalty program, because they receive even more discounts, attractive offers and opportunities to save. It’s easy to join even without a physical “Iki” card – you just need to download the “Iki” app, which will allow you to use the best promotions. In it, buyers will also find the “Pigintuva” loved by our customers, they will be able to participate in challenges, collect points and exchange them for even more discounts or useful prizes”, says G. Kitovė.

“IKI – Kupiškis” will open its doors to customers on November 28, Thursday, at 10 a.m.

This will be the 6th new “Iki” store opened in the country this year, network expansion and renovations of already existing stores cover the whole of Lithuania.

#Iki #opens #store #Kupiški #promises #discounts #Business

What is the size and variety rating of the ‍new IKI store in Kupiški?

## Interview with Lina Muižienė

Today, we welcome Lina Muižienė, Executive Director of the “Iki” shopping chain, to discuss the exciting opening of their new ‍store in Kupiški. Lina,⁤ welcome.

**Interviewer:** Lina, congratulations on the new store opening! It sounds like a significant​ step for “Iki”.

**Lina Muižienė:** Thank you! We’re thrilled ‌to be expanding our presence in Kupiški and bringing our convenient shopping ​experience to even more customers.

**Interviewer:** You mentioned making sure customers can shop comfortably. ⁢Can you elaborate on what makes this new store‍ special?

**Lina Muižienė:** We carefully select locations for our stores, aiming to be where we’re truly needed and valued. ​This Kupiški store, awarded two hearts for its size and variety, will offer a wide assortment of up​ to 12,000 goods. This means customers can find ​everything they need, ‌whether ‌it’s for a quick top-up, weekly grocery shopping,⁣ or even larger holiday purchases. [[1](https://iki.lt/)]

**Interviewer:** That’s impressive! What else can customers look forward to at the opening?

**Lina Muižienė:** To celebrate the grand opening, we’re offering special deals and promotions exclusively for ⁤our loyal customers in Kupiški. We encourage everyone to join our loyalty program and take advantage of⁢ these fantastic offers.

**Interviewer:** It sounds like “Iki” is ‌committed to creating a positive shopping experience for the community in Kupiški.

**Lina Muižienė:** Absolutely! We believe in being a valuable part of the communities we serve, ⁣and we’re ⁤excited ⁤to build lasting relationships with our customers in Kupiški.

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