Tag: workers

2022 World Cup: Amnesty, human rights groups call on FIFA, Qatar to compensate migrant workers
Reports

2022 World Cup: Amnesty, human rights groups call on FIFA, Qatar to compensate migrant workers

Fewer than ten days prior to the commencement of the World Cup in Qatar, Amnesty International has urged FIFA President Gianni Infantino to commit to a compensation plan for the migrant laborers who built the tournament’s radiant stadiums. Amnesty, alongside 24 additional organizations, including Human Rights Watch, reached out to Infantino in May imploring him to establish a program to tackle “mistreatment” that workers have faced. As per the groups, numerous migrant laborers have encountered widespread labor violations and exploitation, most of whom hail from South Asia, Southeast Asia, and Africa. Workers have reported excessive hours without breaks, forced labor-like conditions, and lost as well as unpaid salaries. Adidas, Coca-Cola, and McDonald’s, among other sponsors of the Worl...
FTX crash: Nigerian crypto startup, Nestcoin, set to lay off workers
Reports

FTX crash: Nigerian crypto startup, Nestcoin, set to lay off workers

The downfall of FTX, the second-largest digital currency exchange globally, might have led to the loss of all the funds and stablecoin resources maintained by Nigerian firm Nestcoin. Nestcoin mentioned that in light of this occurrence, it will be essential to downsize its workforce as it reorganizes its business strategy. Nevertheless, the company stressed that the event has no fiscal effect on its customers and highlighted that the offerings Nestcoin has introduced so far are Defi protocols and non-custodial in essence. Consequently, it has never held client assets. Yele Bademosi, a co-founder of Nestcoin, labeled the scenario as challenging for the company and the broader crypto sector in a communication to investors. As per the firm, its aspiration to reclaim a significant...