The Teamsters have a long history of bullying that often becomes violent, and its campaign to organize Amazon workers resulted in a bloody confrontation last week in Riverside, Calif.

The protest at Amazon’s facility has followed a familiar Teamsters playbook. First, the union claimed Amazon workers had signed cards showing support for the union. Then the Teamsters demanded that Amazon bargain with the union, though a secret ballot election was never held and the National Labor Relations Board (NLRB) hadn’t certified the union.

(Continue Reading – WSJ)

Switzerland is searching for a better insurance policy against any failure of its last global bank, UBS Group AG. The latest proposal from lawmakers to make a financial crisis less likely to crash the economy is meant to protect taxpayers from any future bailout while keeping the lender competitive. But the plan is complex, costly and probably not even workable.

Despite the effort by a Swiss parliamentary committee to design a compromise, both UBS and government leaders hated it. Finance Minister Karin Keller-Sutter called it “a solution in favor of the bank and against taxpayers.” The bank said it would mean a significant increase in funding costs for itself and the nation’s economy.

(Continue Reading – BBG)

China's seaborne imports of crude oil ticked up in August from July but remained nearly 40% below levels before the start of the Iran conflict.

China, the world's biggest oil importer, saw seaborne arrivals of 7.14 million barrels per day (bpd) in August, from July's 6.93 ​million bpd, according to data compiled by commodity analysts Kpler.

August's imports were 4.27 million bpd below the average of 11.41 million bpd in the three months ‌leading up to the U.S. and Israeli attack on Iran on February 28.

(Continue Reading – RTRS)