Global cosmetics brands and banks linked to palm oil labor abuses, report says
The report claims that million of laborers from some of the poorest regions of Asia, working to produce palm oil, are enduring various forms of exploitation.
Commercial lenders in coastal cities get boost from day-tripper trend
Banks’ restaurant and hotel clients in many oceanside communities are seeing an uptick in business as travelers opt for short hops over long hauls during the coronavirus crisis. But activity could slow as colder weather approaches.
China's carbon pledge will require complete inversion of existing system
Country will need to kick addiction to coal and build eye-watering amount of wind and solar capacity
China’s President Xi Jinping stunned climate action observers in a speech at the United Nations general assembly last week with a pledge to reach “peak carbon” before 2030, and drive down emissions to virtually zero by 2060.
The pledge from the world’s biggest climate polluter is considered by environmentalists to be the most important step in tackling the climate crisis since the Paris Climate Agreement galvanised global governments to reduce carbon emissions in an attempt to cap global heating well below 2 degrees C above pre-industrialisation levels.
Penske will have 80% stake in joint venture
Variety owner Penske Media Corp. paid about $225 million to control 80 percent of the new entity that will also publish Billboard and The Hollywood Reporter, to be known as PMRC, reports Keith Kelly of the...
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Jim Cramer: Trying to find a bottom in financial stocks is 'murky'
CNBC's Jim Cramer and David Faber discuss the state of the financial sector amid the pandemic and the market volatility.
New PPP angst, forbearance balloon payments, Scharf backlash: Top stories of the week
Waiting for the SBA to sign off on PPP loan forgiveness; banks criticized for requiring balloon payments on loans in forbearance; how backlash over Scharf remarks affects Wells Fargo’s diversity push; and more from this week’s most-read stories.
Tory split on coronavirus has seen off any joined-up strategy | Phillip Inman
The battle between Treasury and health department has doomed us to a succession of contradictory gambits – and a long, hard winter
It would help if the cabinet could agree. Yet for the past seven months it has remained deeply divided, squabbling over the scientific advice and what Covid-19 might mean for the nation’s health and jobs.
Britons have become familiar with a bewildering, almost weekly stream of tactical policies, twisting this way and that, many of them in direct opposition to each other.
Adweek lays off diversity and inclusion reporter O’Hara
Adweek magazine laid off diversity and inclusion reporter Mary Emily O’Hara, who started in February. “My strongest skills stem from 15+ years of reporting and editing coverage of underrepresented communities, but I am also...
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The new banks: How Square, PayPal and other fintechs are taking over finance
Their market capitalization and ambitions make it clear that they are making a play for the future of banking.
Oversight council warns of systemic threat from Fannie, Freddie
The Financial Stability Oversight Council said the mortgage giants may need a bigger capital cushion than their regulator has proposed, but stopped short of designating them as “systemically important financial institutions.”