Food giant Nestle plans to stop sourcing from subsidiaries of Astra Agro Lestari (AAL), a major Indonesian palm oil producer accused by environmental groups of land and human rights abuses. Nestle, maker of KitKat chocolate and Nespresso coffee, told Reuters that following a recent independent assessment, it instructed its suppliers to ensure palm oil from three subsidiaries of AAL no longer enters its supply chain. It did not specify the claims again AAL other than to say it had been on its 'grievance' list for several months.
Study said project could put local communities at 'significant risk' and lead to arsenic contamination
Motion for probe evidence of a growing public relations problem for Canada's big grocers amid soaring food inflation
BEIJING (AP) — Asian stocks sank again Friday after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened. Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices edged lower. Wall Street's benchmark S&P 500 index fell 2.1% on Thursday to its lowest level in almost two years after strong U.S. jobs data reinforced expectations the Federal Reserve will stick to plans for more interest rate hikes. Inves
The chair of one of Canada's largest institutional investors says the central bank has to grapple with policy choices ahead, neither of which is good.
Today, on National Day for Truth and Reconciliation, the Ontario Heritage Trust, in partnership with the Children of Shingwauk Alumni Association (CSAA) and Algoma University, unveiled a new provincial plaque commemorating the former Shingwauk Indian Residential School in Sault Ste. Marie.
BRUSSELS (Reuters) -European Union countries disagreed on Friday about whether and how to cap runaway gas prices, with Germany among those opposing the measure that 15 other states said was needed to tackle Europe's energy crunch. Meeting in Brussels on Friday, ministers from the 27 EU member states approved levies on energy firms' windfall profits to try to contain an energy price surge aggravated by Russia's war against Ukraine. The Czech Republic said, however, that was not enough and that many EU countries expected a proposal from the bloc's executive European Commission on capping the gas price.
Frost & Sullivan Institute commends Best-in-Class Companies with Global Enlightened Growth Leadership Best Practices Recognition for 2022. Representing around 1% of all global Organizations, the recipients of the Enlightened Growth Leadership Recognition are making noteworthy strides toward 'Innovating to Zero'.
The U.S. dollar's share of currency reserves reported to the International Monetary Fund rose in the second quarter, with the Federal Reserve in the midst of an aggressive tightening cycle aimed at stamping out uncomfortably high inflation. The greenback's share of reserves rose to 59.5%, from 58.8% in the first quarter, IMF data showed on Friday. Global reserves, which are reported in U.S. dollars, are central bank assets held in different currencies used in part to support their liabilities.
New home prices in China fell for the third straight month in September as a mortgage boycott across the country and a slowing economy discouraged potential home buyers, a private survey showed on Saturday. China's property market crisis worsened this summer, with official data showing home prices, sales and investment all falling in August, adding pressure on the world's second-largest economy, which barely grew in the second quarter. Prices in 100 cities fell 0.02% in September from a month earlier, after declines of 0.01% in July and August, respectively, according to a survey by China Index Academy (CIA), one of the country's largest independent real estate research firms.
The former chief risk officer of defunct investment adviser Infinity Q Capital Management LLC agree to settle charges of misconduct related to a fraudulent scheme to inflate the value of assets the firm advised by more than $1 billion, securities regulators said on Friday. Scott Lindell failed to exercise reasonable care and to undertake an appropriate investigation concerning multiple red flags that indicated the value of Infinity Q funds' positions were inappropriate, the U.S. Securities and Exchange Commission said in charges filed in Manhattan federal court. Lindell agreed to settle the charges, with determination of disgorgement, prejudgment interest, and civil money penalties to be decided by the court at a later date, the regulator said.
European Union countries on Friday approved a package of emergency measures aimed at pulling down surging gas and power prices that are stoking inflation, hampering industrial activity and inflicting sky-high bills on consumers ahead of winter. The deal came as countries were investigating the cause of leaks in Russia's Nord Stream gas pipelines to Europe, and as Europe heads into an energy-scarce winter after Russia slashed gas deliveries in the wake of its invasion of Ukraine. Moscow blames the supply cuts to EU countries on Western sanctions.
LAS VEGAS (Reuters) -Toyota Motor Corp President Akio Toyoda said California's new zero-emission requirements that seek to end sales of new gasoline-only vehicles by 2035 will be "difficult" to meet. "Realistically speaking, it seems rather difficult to really achieve them," Toyoda said on Thursday through a translator during a roundtable interview with reporters. Toyoda, who has led the company since 2009, defended Toyota's strategy and electric vehicle development plans, which have been criticized by some environmental groups and investors who want the company to move faster to adopt battery electric vehicles (BEVs).
Carlton Cards is proud to support the Canadian Mental Health Association (CMHA) during October, Mental Health Awareness Month, though a nationwide campaign to raise awareness around the impact of human connection on mental health and funds to support mental health where it's needed most.
Cannara Biotech Inc. ("Cannara" or the "Company") (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB), a Quebec-based, vertically integrated producer of premium-grade cannabis and derivative product offerings at affordable prices, announced today that it will be releasing 14 new SKU's of its premium-grade cannabis in Ontario and Quebec under the Company's flagship brands, Tribal, Nugz, and Orchid CBD brands.
NorZinc Ltd. (TSX: NZC) (OTCQB: NORZF) (the "Company" or "NorZinc") announced today that, based on the unanimous recommendation of an independent special committee (the "Special Committee") of its board of directors (the "Board") as well as unanimous approval by the Board, it has entered into an arrangement agreement (the "Arrangement Agreement") with RCF VI CAD LLC ("RCF"), in respect of a transaction whereby RCF will acquire all of the issued and outstanding common shares of the Company that R
WASHINGTON (AP) — Vice President Kamala Harris and Treasury Secretary Janet Yellen plan to use this year's Freedman's Bank Forum to highlight how federal coronavirus pandemic relief program funds have helped support Black- and minority-owned businesses. The Treasury Department said in a statement that “the importance of expanding the community finance system will be front and center” at the Oct. 4 forum. In 2015, then-Treasury Secretary Jack Lew launched the annual Freedman’s conference to devel
On September 29th, 2022, the three-day Global Tobacco and Nicotine Forum 2022 (GTNF) with the theme of "ACCESSING INNOVATION", successfully held at the Four Seasons Hotel in Washington DC,USA.
Real estate portals generate competition, inform buyers and draw even more attention to listings
LONDON (Reuters) -Ratings agency Standard & Poor's cut the outlook for its AA credit rating for British sovereign debt on Friday to "negative" from "stable" as it judged Prime Minister Liz Truss's tax cut plans would cause debt to keep rising. Finance minister Kwasi Kwarteng announced around 45 billion pounds ($50 billion) of permanent, unfunded tax cuts on Sept. 23 as well as costly temporary subsidies to household and business energy bills, sending sterling and bond markets into a tailspin. S&P - which ranks British government debt one notch higher than rivals Moody's and Fitch - said it saw British public debt on an upward trajectory, in contrast to a previous forecast that it would fall as a share of gross domestic product from 2023.