By Richa Naidu LONDON (Reuters) – As a new European Union zero-tolerance deforestation law looms, several major investors told Reuters they are concerned about their exposure to the issue, with some saying they could quit consumer goods makers with “risky” supply chains. The EU agreed in December a new rule to prevent companies from selling…
(Reuters) – Vodafone and CK Hutchison unveiled the merger of their British operations, creating the country’s largest mobile operator. Hutchison will own 49% and Vodafone 51% of the combined group, which will be led by current Vodafone UK boss Ahmed Essam. Here are some details on UK operations of both the companies: CUSTOMERS Vodafone had…
By Martin Coulter and Hakan Ersen (Reuters) -Hundreds of social media moderators in Germany – who remove harmful content from platforms such as Facebook and TikTok – are calling on lawmakers to improve their working conditions, citing tough targets and mental health issues. Cengiz Haksöz, who has worked as a content moderator at outsourcer TELUS…
By Pablo Mayo Cerqueiro LONDON (Reuters) – Deutsche Bank has added three senior dealmakers to its team of bankers advising other financial institutions, such as insurance companies and lenders, according to a memo seen by Reuters on Wednesday and confirmed by a company spokesperson. It has hired Marie-Soazic Geffroy as global co-head of its Financial…
By Daniel Leussink TOYOTA CITY, Japan (Reuters) – Toyota shareholders rejected a resolution urging greater disclosure of its climate lobbying on Wednesday, voting down the first investor proposal to come before the automaker’s annual general meeting in almost two decades. Investors also backed all 10 members of the board, including Chairman Akio Toyoda, despite concerns…
By David Lawder KINGSTON, Jamaica (Reuters) – World Bank President Ajay Banga told Reuters that he will “push” the lender’s balance sheet hard to help fight climate change and other crises, but this may only yield tens of billions of dollars in additional annual lending, not the hundreds of billions hoped for by some. Banga…
(Reuters) – A look at the day ahead in U.S. and global markets from Harry Robertson. There’s only one show in town today: Jerome Powell’s mystery monetary tour. Powell’s Federal Reserve is embarking on something of a new era: instead of the strong “forward guidance” that has steered markets in recent years, officials have said…
By Joice Alves LONDON (Reuters) -Shares of Ladbrokes owner Entain fell to the bottom of the London blue-chip index on Wednesday after the company announced it was buying Poland-based sports betting operator STS Holdings. Entain shares fell 10.5% to their lowest since March 29, in their biggest daily decline in four months as analysts picked…
JOHANNESBURG (Reuters) – South African business confidence fell slightly in May, with lower trade volumes, fewer tourists and a weaker rand exchange rate weighing on sentiment, data showed on Wednesday. The South African Chamber of Commerce and Industry (SACCI) business confidence index dropped to 106.9 in May from 107.1 in April. SACCI said in a…
By Katherine Masters NEW YORK (Reuters) – A bipartisan group of U.S. lawmakers planned to introduce a bill on Wednesday to eliminate a tariff exemption widely used by e-commerce sellers to send orders from China to U.S. shoppers, one of the sponsors said. The exception, known as the de minimis rule, exempts imports valued at…
