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Monday, April 12, 2021

Nike and H&M faces Chinese fury for expressing concern in force labour cotton production in Xinjiang

Investment firms shun Deliveroo shares over workers’ rights breaches concerns

Four big UK investment firms say they will not buy Deliveroo shares because of concerns over workers’ rights. The delivery company hopes to be valued at up to £8.8bn when it lists its shares in April. But BMO Global, CCLA, Aberdeen Standard and Aviva Investors, which manage £1.5tn combined, said they were put off by […]

Bloomsbury adjusts profit margins upwards due to reading revival attributed to lockdown

Bloomsbury Publishing has revised up its profit forecast for the second time this year, thanks to reading providing a “ray of sunshine” during lockdown. Investors had been expecting profits of £14.8m after the previous statement in January, but the company says profits will be significantly ahead of that. Shares rose 12% in early trading. Bloomsbury […]

Disney theme Parks in California to reopen in April with Covid restrictions

Disney has announced plans to re-open its two theme parks in California next month – but new rules mean visitors will still feel the impact of pandemic. The firm will limit attendance, require masks for those aged two and above, and have temperature screenings at some locations. And an industry trade group has advised against […]

Trump’s wealth plummet significantly over the last four years

Donald Trump’s net worth dropped by about $700m to $2.3bn (£1.65bn) during his time as president, according to the Bloomberg Billionaires Index. The Covid-19 pandemic hit his fortunes hard, with Mr Trump’s office buildings, branded hotels and resorts losing revenue and falling in value. His fleet of planes and golf courses have also seen drops […]

Today marks the beginning of Uber drivers being classified as workers across the UK

$1.9tn stimulus package signed into law by president Biden

US President Joe Biden has signed a $1.9tn (£1.4tn) economic relief bill that aims to help Americans impacted by the Covid-19 pandemic into law. The bill includes $1,400 payments, an extension of jobless benefits, and a child tax credit that is expect to lift millions out of poverty. Mr Biden said the relief package will […]

Unilever edit wording on various products as it promotes inclusivity

Unilever will drop the word “normal” from its beauty products and ban excessive editing of models’ photos in a push for inclusivity. Dove’s owner said the editing ban would apply to “body shape, size, proportion and skin colour” and “normal” would be removed from 200 products. Its boss said it wanted to create a “more […]

China years away from achieving “ manufacturing greatness” warns party stalwart

China is at least 30 years away from becoming a manufacturing nation of “great power”, a government advisor told party delegates on Sunday. Many observers already see China as the “world’s factory” given that more than a third of global output from cars to phones comes from there. But China’s leaders are concerned about its […]

Oil giant to continue work from home policy after restrictions ease due to the Coronavirus

BP has told office-based staff they will be expected to spend two days a week working from home after lockdown restrictions ease. The oil giant said in meetings last month that most would be asked to work from home 40% of the time, or two days a week for full-time employees. The new “hybrid” work […]