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Global Markets Reel as Wall Street Suffers Sharpest Fall Since Iran Conflict Began

Wall Street endured its steepest decline since the outbreak of the Iran war, as renewed uncertainty over diplomatic progress sent shockwaves through global markets. The S&P 500 plunged 1.7% , marking its worst day since January and extending a five‑week losing streak , the longest in nearly four years. The Dow Jones Industrial Average fell 469 points , while the Nasdaq dropped 2.4% , slipping more than 10% below its record high — a threshold investors label a correction .  The downturn followed conflicting signals about potential ceasefire negotiations. While U.S. officials suggested Iran was open to talks, Tehran publicly denied direct engagement and dismissed a U.S. proposal delivered via Pakistan. The resulting uncertainty pushed oil prices sharply higher , with Brent crude rising 4.8% to $101.89 , up from roughly $70 before the conflict. Global markets echoed the volatility, with major indexes across Asia and Europe also tumbling. Analysts warn that Iran’s tightening con...
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Amazon's Union Efforts in Quebec Meet Resistance

 


In a surprising turn of events, Amazon has announced the closure of all seven of its warehouses in Quebec, resulting in nearly 2,000 job losses. This decision comes just months after workers at a warehouse in Laval successfully unionized, marking the first unionized Amazon workforce in Canada. Despite Amazon's insistence that the closures are unrelated to the unionization efforts, many are skeptical, viewing this move as a direct attempt to quash the union push.

The closures have sparked outrage among workers and union leaders, who argue that Amazon is trying to send a message to other employees considering unionization. Quebec's Labour Minister has vowed to ensure that Amazon respects all labour laws, while federal officials are calling for a review of Ottawa's business relationship with the company.

As the debate continues, the future of unionization efforts at Amazon remains uncertain. What is clear, however, is that the fight for workers' rights in Quebec is far from over.



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