Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Dec 1 (Reuters) – Florida’s chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. The move will hardly dent BlackRock’s $8 trillion in assets … Read more

COP27: Polluters must pay for climate change, poor nations tell rich

COP27: Polluters must pay for climate change, poor nations tell rich

Island nations call for global carbon tax ‘While they are profiting, the planet is burning’ Fears grow for jailed hunger striker in Egypt SHARM EL-SHEIKH, Egypt, Nov 8 (Reuters) – Leaders from poor countries criticized wealthy governments and oil companies for driving global warming, using their speeches on Tuesday at the COP27 climate summit in … Read more

Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop

Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop

Musk looking to axe around half of Twitter’s workforce Employees file class action against Twitter Staff lose access to systems Volkswagen pulls ads Nov 4 (Reuters) – Twitter Inc started a major round of layoffs on Friday, alerting employees of their job status by email after barring the entrances to offices and cutting off workers’ … Read more

Glencore employees moved bribes cash by private jet, London court told

Glencore employees moved bribes cash by private jet, London court told

LONDON, Nov 2 (Reuters) – Employees and agents of a British subsidiary of mining and trading group Glencore (GLEN.L) used private jets to transfer cash to pay bribes to oil officials in West Africa, prosecutors told a London court on Wednesday. Glencore Energy UK Limited paid – or failed to prevent the payment of – … Read more

EXCLUSIVE Korean auto giant Hyundai investigating child labor in its U.S. supply chain

EXCLUSIVE Korean auto giant Hyundai investigating child labor in its U.S. supply chain

DETROIT, Oct 19 (Reuters) – Hyundai Motor Co (005380.KS), Korea’s top automaker, is investigating child labor violations in its U.S. supply chain and plans to “sever ties” with Hyundai suppliers in Alabama found to have relied on underage workers, the company’s global chief operating officer Jose Munoz told Reuters on Wednesday. A Reuters investigative report … Read more

Amazon workers in NYC win partial revival of COVID-19 safety lawsuit

Amazon workers in NYC win partial revival of COVID-19 safety lawsuit

Oct 18 (Reuters) – Amazon.com Inc (AMZN.O) must face a claim that it failed to protect New York City warehouse workers and their families from COVID-19, a U.S. appeals court ruled on Tuesday while dismissing the bulk of a 2020 lawsuit. The 2nd U.S. Circuit Court of Appeals in New York reversed a federal judge’s … Read more

More U.S. companies charging employees for job training if they quit

More U.S. companies charging employees for job training if they quit

WASHINGTON, Oct 17 (Reuters) – When a Washington state beauty salon charged Simran Bal $1,900 for training after she quit, she was shocked. Not only was Bal a licensed esthetician with no need for instruction, she argued that the trainings were specific to the shop and low quality. Bal’s story mirrors that of dozens of … Read more

Iran protests over woman’s death persist despite crackdown

Iran protests over woman’s death persist despite crackdown

Protesters are calling for end to clerical rule Social media show tanks being moved to Kurdish regions Iran blames Iranian Kurdish dissidents for some unrest Protests spread to vital energy sector DUBAI, Oct 11 (Reuters) – Clashes between protesters and security forces persisted across Iran on Tuesday, with social media videos showing tanks being transported … Read more

Al Gore sees the world at ‘tipping point’ for climate action

Al Gore sees the world at ‘tipping point’ for climate action

Register now for FREE unlimited access to Reuters.com Register Surging power prices pushing governments to decarbonise Gore cites greater action in the United States and Australia Says he is optimistic on further action in Brazil, China LONDON, Sept 21 (Reuters) – (This Sept. 20 story has been refiled to correct typo in second bullet point) … Read more

Starbucks projects profit growth from tech, stores, workers spending

Starbucks projects profit growth from tech, stores, workers spending

Register now for FREE unlimited access to Reuters.com Register SEATTLE, Sept 13 (Reuters) – Starbucks Corp (SBUX.O) projects profits to grow between 15% to 20% per share over the next three years, a significant increase from previous guidance based on spending plans of $2.5 to $3 billion over the same period on technology, new stores … Read more