500 employees of Google wrote a letter to Sundar Pichai, knowing this shameful act of the company, will be shocked!

500 employees of Google wrote a letter to Sundar Pichai, knowing this shameful act of the company, will be shocked!

More than 500 employees of the tech giant Google have written to Alphabet Inc and Google CEO Sundar Pichai seeking to stop giving protection to the oppressors by writing an open letter. Along with this, the letter also talks about providing an environment free of abuse to all employees.

Employees wrote this letter after former Google engineer Emi Nietfeld wrote an opinion piece in The New York Times. In it, Eimie Nietfeld alleged that she was forced to have one-on-one meetings with the person who harassed her.

Emi wrote that, "The person harassing me remained seated near me. My manager told that HR would not even be able to get him to change his seat, either work from home alone or go on holidays. ”

The letter, published late Friday on the medium, wrote that, "This is a long pattern where Alphabet protects the oppressor (haraiser) rather than protecting the troubled person from persecution." The person reporting the harassment is forced to bear the burden and usually has to leave the company. At the same time, the person who harasses him is rewarded for his behavior ”.

Old history of such adventures in the company

Employees of the company said that Alphabet has a history of workplace harasment. Android mobile software creator Andy Rubin was awarded an exit package of 90 million after a woman accused him of forcing her to perform oral sex. In addition, a $ 35 million package was given to Amit Singhal, a former search executive, who was forced to resign after an investigation into sexual harassment.

Emphasis was given on these things in the letter

The letter asserted that despite more than 20,000 Alphabet workers protesting against the sexual harassment and protection of harassers, Alphabet has not changed, and none of the Google Walkout demands have been met. It further stated that alphabet workers are entitled to the right to work in an environment free from abuse. The company should pay attention to the safety of other employees while paying attention to the aggrieved employees.


Why is the price of copper rising so fast in the world, including India, in the midst of the Corona crisis?

Why is the price of copper rising so fast in the world, including India, in the midst of the Corona crisis?

There is a record boom in the commodity market globally. Apart from steel, aluminum, copper is also doing business at a record level. On Thursday, the price of copper in the international market has crossed a record $ 10,000 per ton. The price of Shanghai copper has also reached the highest level in the past 10 years. Copper futures are also at record highs in the past decade in London, amid concerns over supply and weak dollar.

Information and agencies related to the commodity market say that in the coming time, the price of copper will see a boom. There are several reasons for this record boom in copper. For example, economic recovery has been seen worldwide, industrial copper consumption has increased in China, and Chile, which produces about a quarter of the global copper, has announced a tax of 75 per cent on its mining. Apart from this, due to the increasing trend of electric vehicles, the demand for copper is increasing.

If we talk about the Indian market, the price of copper was at the highest level till last week. Copper futures on Thursday were up 0.53 per cent at Rs 765.10 per kg. Copper futures for May delivery on the Multi Commodity Exchange (MCX) gained Rs 4, ie 0.53 per cent. The demand for copper has increased in India too.

Why is the copper price rising so fast?

1. Demand more and supply less: Sometime ago the Chilean Port Workers and Mining Association opposed a bill by the government. In fact, the Chilean government had introduced a new bill, under which workers were asked to block premature withdrawal from their pension funds for the third time.

About a quarter of the total global copper production comes from Chile. After the opposition of the association and the workers, the copper supply decreased and prices increased.

Apart from this, due to Kovid-19 in South America, many major commodity exports like iron ore and copper have been affected. Even in America, the importance of copper is seen as a raw material in Joe Biden's infrastructure plan.

However, in terms of supply, copper output in Peru has gone up by about 19 percent during the month of March. Globally, there has been some relief from this.

2. Less inventory: There has been a sharp decline in registered copper inventories on the London Metal Exchange. Analysts estimate that there has been a downward trend in this. As of 26 April 2021, the copper inventory at the London Metal Exchange was only 1,55,100 tonnes. In the second fortnight last month, it has reduced by 10 per cent.

3. Demand increased: Construction activities in China have increased this year. After this, the demand for copper in China has also increased. Let us know that half of the total consumption of copper in the world is from China. Analysts say that China consumes the most copper and now demand has increased due to large scale construction here. This is also a reason why the price of copper is getting faster.

A boom in economic development is now being expected in America. It will also have an impact on global economies. In the era of Kovid-19 crisis, countries around the world have announced an incentive package. On the other hand, good news is also coming about the corona vaccine. Both these factors have affected the price of copper.

4. Green Infrastructure: Demand for electric vehicles is increasing worldwide to reduce carbon footprint and promote the use of clean energy. Electric vehicles use twice as much copper as internal combustion engines. In such a situation, with the increase in demand for electric vehicles, the demand for copper will also increase.

What is the estimate of agencies?

In a recent report by Goldman Sachs, estimates say that by 2025, copper prices can reach $ 15,000 per tonne. The report titled 'Copper is the new oil' says that banks believe that by 2030, the annual demand for copper will rise by 900 per cent from the current level to 87 lakh tonnes.

Trading houses Trafigura Group and Bank of America also believe that copper prices have increased. Bank of America says that in the coming months, the price of copper can reach $ 13,000 per tonne.


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