Economy Crisis

Business • Consumer & Service
Protesters set up a guillotine outside Jeff Bezos' mansion and demanded higher wages for Amazon workers
Protesters set up a guillotine outside Jeff Bezos' mansion and demanded higher wages for Amazon workers
Credit: Twitter (Reproduction)

Demonstrators gathered outside Jeff Bezos' mansion Thursday and constructed a guillotine outside his front door to protest Amazon workers' wages. The protest came the day after Bezos became the wealthiest person in history, according to Forbes, with a net worth surpassed $200 billion.

Protesters, led by former warehouse worker and outspoken Amazon critic Christian Smalls, called on the company to raise its minimum wage to $30 per hour.

Politics • American • South America
Argentina strikes deal with major creditors to restructure $65 billion in debt
Martín Guzmán, Minister of Economy of Argentina
Martín Guzmán, Minister of Economy of Argentina Credit: Ministerio de Economía (Creative Commons Attribution ShareAlike 4.0)

Argentina reached a deal with its major creditors to restructure roughly $65 billion in sovereign debt, a hopeful sign for a country that now faces a brutal Covid-19 related recession on top of longstanding economic problems.

The official statement of the Argentinean Economy Ministry read: "Argentina will adjust some of the payment dates contemplated for the new bonds established in its July 6 Invitation, without increasing the total amount of principal payments or interest payments that Argentina undertakes to make and at the same time improving the value of the proposal for the creditor community ".

Business • Economy
Chuck E. Cheese approaches bankruptcy, in talks with lenders
Chuck E. Cheese Restaurant
Chuck E. Cheese Restaurant Credit: Eteixido / CC BY-SA (Creative Commons Attribution ShareAlike 4.0)

Chuck E. Cheese, an American family entertainment center chain, is approaching bankruptcy and is in talks with lenders about financial deals. CEC Entertainment Inc., parent company of Chuck E. Cheese, has a debt of almost $1 billion and hopes to secure $200 million in loans.