In its efforts for sustainable sourcing of cocoa, Nestlé is spending 45 million Swiss francs a year, the company said and noted that its efforts were providing results in the form of progress being made in the reducing child labour in its supply chain in West Africa. Nestle said that its aim was to source…
In a lawsuit in which the energy giant Exxon Mobil was accused that it had downplayed the risks and impact that climate change regulations could have on the business of the company, the court has ruled in favour of the energy giant. While ruling that no conclusive evidence was provided by the New York state…
According to a report from the UBS about the fast food industry in the United States, currently only about 20-30 plant-based Beyond Meat burgers per day is being sold by McDonald’s Corp in its testing for the vegan burger in restaurants in Canada. The report however also said that the number is touching about 100…
In a statement, D-Wave Systems, a Canadian quantum computer firm which has the backing of Amazon’s CEO Jeff Bezos, as well as Goldman Sachs and others, said NEC Corp has invested in the company in its latest funding round. According to Dan Cohrs, D-Wave’s chief financial officer, NEC has committed to investing $10 million in…
Midst heightened regulatory scrutiny over Facebook Inc, the social media giant has dropped to the 23rd spot in Glassdoor’s list of “Best Places to Work” in 2020, down from the seventh spot it secured last year. Employees have given Facebook’s senior leadership as well as its work-life balance a relatively lower rating in Glassdoor; The…
A recommendation for imposing a fine of about 2.4 billion yen ($22 million) on Nissan was made by Japan’s markets watchdog against Nissan over the issue of the auto maker underreporting the compensation paid to its former Chairman Carlos Ghosn. Markets watchdog the Securities and Exchange Surveillance Commission (SESC) said that the four financial years…
Researchers at the California Academy of Sciences have claimed that they have found 71 new plant and animal species in 2019 which range from geckos to goblin spiders, flowering plants, and Mediterranean ants. Scientists made these discoveries in all of the five continents and three oceans. While adding to the already existing huge species list…
In a complaint filed in the U.S. Court of Federal Claims, Amazon Inc has accused U.S. President Donald Trump of having a bias and exerting “improper pressure” in the awarding of a $10 billion cloud computing contract to its rival, Microsoft Corp. Amazon’s complaint states, Trump had launched a “repeated public and behind-the-scenes attacks to…
In a statement, South Korea’s LG Chem and General Motors Co disclosed, they plan on investing $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, in what is stated to be one of the biggest battery facilities in the world. The plant, which will be built near GM’s closed assembly…
Finance ministers from the European Union have agreed that private digital currencies including Facebook’s Libra should not be allowed in the European Union until potential risks surrounding them are clearly addressed. The move confirms the tough stance claimed by the EU on stablecurrencies such as Facebook’s Libra, which incidentally has attracted criticism from global regulators…
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