Asian Stocks Slide as Chip Shares Tumble Ahead of Key U.S. Jobs Report 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion 
Oil Prices Slip as Iran Talks and Strong Supply Outlook Ease Market Concerns 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Greece’s Bad Loan Crisis Continues to Limit Credit Access Despite Economic Recovery 
Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 
South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
South Korean Stocks Tumble as AI Chip Selloff Hits Asian Markets 
Wall Street Futures Rise Ahead of JOLTS Data, Nike Earnings, and U.S.-Iran Talks 
Citigroup is set to terminate employees who failed to get their COVID-19 vaccination. The investment banking company stated that if they are still unvaccinated by Jan. 14, they will immediately be placed on unpaid leave the eventually fired at the end of the month.
Employees can only retain their jobs in the company if they receive the vaccine before the set date. Those who have been granted an exemption for the jab will not be affected by the mandate.
As per Reuters, Citigroup made the announcement regarding the vaccination rule last week. With its new vaccination policy, the American bank has become the first major Wall Street company to follow through with the stern vaccine mandate.
It was said that Citigroup's move and decision to fire unvaccinated members of its workforce comes as the financial industry struggles to bring their employees safely back to offices and return to business as usual amid the spreading of the highly infectious Omicron coronavirus variant.
Citigroup will be enforcing its "no jab, no job" policy starting next week. Other major institutions on Wall Street, such as Goldman Sachs (GS), JPMorgan Chase, and Morgan Stanley (MS), have asked their unvaccinated employees to work from home, but none of them has opted to fire them.
On the other hand, other big firms in the U.S., including United Airlines and Google, are also willing to fire workers who fire who are not vaccinated yet. Then again, these companies have different rules on how unvaccinated staff would be fired as some give more time for workers to comply.
It was added that as of this time, over 90% of Citigroup's workers are already vaccinated and complied with the mandate. The vaccination policy was also implemented by US President Joe Biden's administration as it believes in the importance of the vaccine.
But the U.S. Supreme Court blocked Biden's policy to require employees to be vaccinated or tested weekly. "However, companies are recognizing that the Biden mandate may not hold up at the conservative Supreme Court," Professor at Columbia Business School, Adam Galinsky, said in a statement. "If it doesn't hold then they are going to have the decision put back in their hands and they will have to do something."
