Thousands of trade union workers across India protested on Wednesday against the government’s rollout of new labour codes, saying they would lead to corporate exploitation and erode their hard-won rights. The world’s fifth-largest economy last week implemented long-awaited labour laws that will replace colonial-era legislation and simplify a maze of confusing regulations. The overhaul consolidates 29 existing labour laws into four key codes, with the number of rules being cut from more than 1,400 to about 350, but unions say the reforms will hurt workers’ rights. Gautam Mody from the New Trade Union Initiative said workers from across all sectors were protesting on Wednesday outside factories and in many city centres. “Workers have been blindsided by the government,” he told AFP. “We want fairness, justice and equity before the law, which are being denied under the new codes.” Workers cut wooden logs using a machine at a warehouse in Varanasi, India on November 26. — AFP While the new regulations boost safety...
Polygon’s co-founder said even small merchants and drivers recognized MATIC, but many struggle to locate POL since the token’s rebrand. Polygon co-founder Sandeep Nailwal spurred public discussion about the project’s token branding, asking the community if the network should consider reverting its ticker from POL to MATIC. On Wednesday, Nailwal said that while he personally thinks that they should stick to POL, he continues to hear feedback that the original MATIC ticker had stronger recognition, especially among retail users who are now confused about the asset’s whereabouts. “The counter-argument I keep getting is: the guy in the Philippines running a sari-sari store, or an Uber driver in Dubai, knew MATIC… and now he has no idea where it went,” he wrote. Read more
Strategy said it has a 70-year dividend runway even after Bitcoin’s slide, rolling out a new credit rating metric to ease fears over DAT liquidation risks. Michael Saylor’s Strategy is attempting to calm investor concerns about its balance sheet after the recent Bitcoin market downturn and a sharp pullback in digital asset treasury (DAT) stocks. Strategy, the world’s largest corporate Bitcoin (BTC) holder, has rolled out a new credit rating dashboard based on the company’s preferred stock notional value, and claims to have another 70 years’ worth of dividend payment runway to service its debt, even if Bitcoin’s price remains flat. “If $BTC drops to our $74K average cost basis, we still have 5.9x assets to convertible debt, which we refer to as the BTC Rating of our debt. At $25K BTC, it would be 2.0x,” said Strategy in a Tuesday X post. Read more