Samsung Eyes Up to $1.14 Billion Investment in AI Startup Mistral 
US Stock Futures Hold Steady as Tesla, Alphabet Earnings and Iran Conflict Dominate Market Focus 
ASEAN Ministers Warn Middle East Conflict Threatens Regional Stability and Energy Security 
US Stock Futures Rise as AI Optimism Lifts Tech, 3M Jumps on Strong Earnings 
US Dollar Holds Near One-Week High as Middle East Tensions and Oil Prices Drive Market Sentiment 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
Oil Prices Extend Four-Day Rally as U.S.-Iran Conflict and Red Sea Threats Raise Supply Fears 
Lockheed Martin Unveils Lower-Cost Patriot ACE Interceptor to Meet Rising Air Defense Demand 
Cathay Pacific Sees H1 Profit Surge on Strong Travel Demand 
Gold Price Surges Above $4,100 as Middle East Tensions Boost Safe-Haven Demand 
Samsung Biologics Launches $1.81 Billion Bid to Acquire PolyPeptide 
US Stock Exchanges Face Earnings Test as Trading Boom Meets Crypto Competition 
Oil Prices Hold Steady as U.S.-Iran Conflict and Houthi Blockade Keep Markets on Edge 
Nike Shifts China Online Sales Strategy to Boost Brand and Fight Local Rivals 
Why Maruti Suzuki Is Losing Market Share in India as SUVs and Premium Features Gain Popularity 
Gold Price Jumps Near 2% Above $4,080 as Middle East Tensions Lift Safe-Haven Demand 
Trump Set to Unveil New Tariffs on Dozens of Countries as Global 10% Duty Nears Expiration 
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.
