Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Starbucks Coffee Company is facing a lawsuit after the local government of New York City lodged a complaint against it. The officials said that the coffee chain illegally fired its barista without valid cause.
The fired barista has already been working for a long time at a Starbucks outlet in Queens, an NYC borough on Long Island. He is also a union organizer that has been leading his co-workers to unionize.
For the termination of the barista, NYC sued Starbucks citing “wrongful termination.” Fox Business reported that in the filing, the Department of Consumer and Worker Protection (DCWP) said that Austin Locke lost his job in July and alleged that the Seattle-headquartered coffee chain did it without any acceptable reason.
They also pointed out that Locke was fired less than a month after staff at the Astoria location voted to unionize. The department said that it would sue the company for breaching the territory’s "just cause" protections against wrongful termination which is covered under New York City Fair Workweek Law.
This particular law states that fast-food employers in New York are prohibited from terminating employees who have completed a 30-day probation period. They can only do so for “just cause or a bona fide economic reason."
Moreover, when staff is discharged or his/her working hours is cut down by 15% or more, the employer is duty-bound to advise the employee about the discharge. The employer must give notice within five days, and it should include a proper explanation of why he or she is being let go. Vilda Vera Mayuga, the DCWP Commissioner, said that because Starbucks failed to follow the said rule, it violated the Fair Workweek Law and its offenses were unacceptable.
"As we approach Labor Day, it’s important to remember that workers are the backbone of our city and deserve the right to organize to promote safer and fairer work practices," Mayuga said in a statement.
Finally, while the DCWP said it would continue to fight to have Locke rehired at Starbucks, the company announced it is prepared to fight the allegations.
