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Egypt: Sisi Names Hassan Abdullah as Caretaker Central Bank Head

Egypt's Central Bank in Cairo. Reuters file photo
Egypt's Central Bank in Cairo. Reuters file photo
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Egypt: Sisi Names Hassan Abdullah as Caretaker Central Bank Head

Egypt's Central Bank in Cairo. Reuters file photo
Egypt's Central Bank in Cairo. Reuters file photo

Egyptian President Abdel Fattah al-Sisi on Thursday appointed Hassan Abdullah as caretaker governor of the central bank following the surprise resignation of Tarek Amer, the presidency said.

Amer quit on Wednesday, just over a year before the completion of his term.

Hassan was head of state-owned media giant United Media Services Company. His previous positions include managing director of Cairo-based Arab African International Bank from 2002 until 2018.

"Sisi stressed the need to develop monetary policies in line with global economic variables and work to provide various sources of foreign currencies," the presidency said in a statement.

He also stressed "the need to work on providing the appropriate climate for investment."

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Starbucks Workers Expand Strike in US Cities Including New York

Starbucks workers hold signs as they picket during a strike in front of a Starbucks to demand collective bargaining agreements in Burbank, California on December 20, 2024. (AFP)
Starbucks workers hold signs as they picket during a strike in front of a Starbucks to demand collective bargaining agreements in Burbank, California on December 20, 2024. (AFP)
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Starbucks Workers Expand Strike in US Cities Including New York

Starbucks workers hold signs as they picket during a strike in front of a Starbucks to demand collective bargaining agreements in Burbank, California on December 20, 2024. (AFP)
Starbucks workers hold signs as they picket during a strike in front of a Starbucks to demand collective bargaining agreements in Burbank, California on December 20, 2024. (AFP)

Starbucks workers have expanded their strike to four more US cities, including New York, the union representing over 10,000 baristas said late on Saturday.

The five-day strike, which began on Friday and initially closed Starbucks cafes in Los Angeles, Chicago and Seattle, has added New Jersey, New York, Philadelphia and St. Louis, Workers United said in a statement. It did not say where the New Jersey walkout was occurring.

Starbucks did not immediately respond to a request for comment outside regular business hours.

Talks between the coffee chain and the union hit an impasse with unresolved issues over wages, staffing and schedules, leading to the strike.

The union is striking in 10 cities, also including Columbus, Denver and Pittsburgh, during the busy holiday season that may impact the company's Christmas sales.

Workers United warned on Friday that the strike could reach "hundreds of stores" by Tuesday, Christmas Eve.

Starbucks began negotiations with the union in April. It said this month it had conducted more than eight bargaining sessions, during which 30 agreements had been reached.

The company operates more than 11,000 stores in the United States, employing about 200,000 workers.