Your Daily Scan of the New Global Economy

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  • 'Go back to work': outcry over deaths on Amazon's warehouse floor

    Billy Foister died last month after a heart attack at work. The incident was just one in a series of recent accidents and fatalities

    In September, Billy Foister, a 48-year-old Amazon warehouse worker, died after a heart attack at work. According to his brother, an Amazon human resources representative informed him at the hospital that Billy had lain on the floor for 20 minutes before receiving treatment from Amazon’s internal safety responders.

    “How can you not see a 6ft 3in man laying on the ground and not help him within 20 minutes? A couple of days before, he put the wrong product in the wrong bin and within two minutes management saw it on camera and came down to talk to him about it,” Edward Foister said.

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  • Boeing may have ‘unknowingly’ misled regulators about crash-linked software

    Boeing failed to turn over documents about MCAS program, linked to two fatal crashes of 737 Max airliners, to the FAA for four months

    A senior Boeing executive has said he may have “unknowingly” misled US regulators about the software program linked to two fatal crashes of 737 Max airliners.

    The Federal Aviation Administration (FAA) confirmed on Friday that Boeing told it a day earlier about internal messages it had discovered “some months ago” that characterize “certain communications with the FAA during the original certification of the 737 Max in 2016”.

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  • How the wheels came off Facebook's Libra project

    Support for Mark Zuckerberg’s mission to reshape global finance is slipping away slowly but surely

    When Facebook announced plans to launch a digital currency earlier this summer, it added a full-blown revolution in global finance to its typically vaulting Silicon Valley mission statement: to create a digital currency alongside its efforts to bring the world closer together through networks.

    Over the past month, that mission has gone badly awry. The Libra cryptocurrency project now faces existential threats from world leaders and central bankers worried about its harmful potential: as a vehicle for money laundering, a threat to global financial stability, open to data privacy abuse, dangerous for consumers and stripping nations of the control of their economies by privatising the money supply.

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  • Louis Vuitton x Donald Trump: the big fashion collab no-one asked for

    Is Louis Vuitton not worried about the threat of aligning their plastic-y, tan hides with the plastic-y tan hide in chief?

    Louis Vuitton, the most valuable luxury brand in the world and prize pony of luxury conglomerate LVHM’s stables, has opened a Texas factory, AKA the Louis Vuitton Rochambeau Ranch. Vuitton promised the venture will provide 1,000 American jobs over the next five years.

    Yet, at a time where brands are feeling the pressure to be more political and woke than ever, is it not a gigantic faux pas to discount politics on Vuitton’s part?

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  • US opioid epidemic: multibillion-dollar deal may be near in lawsuits

    Healthcare executives and state attorneys general said to be progressing toward deal before landmark trial is scheduled to start

    Executives from several large healthcare companies and state attorneys general were progressing toward what is expected to be a multibillion dollar deal to resolve the sprawling litigation over the US opioid epidemic, a plaintiffs’ lawyer said on Friday.

    “I think we can get a long way,” said Peter Weinberger, co-liaison counsel in the litigation, in response to a reporter asking if a deal was possible on Friday.

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