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Companies & CEOs

Uncle Ben's will change name to Ben's Original due to racist connotations

Petar M
American corporation Mars announced a change in the name of its brand Uncle Ben's. Now it will be called Ben's Original, and the image of "Uncle Ben", which was part of the logo, will also be removed from the packaging. This is due to the racist...

Former McDonald's CEO refuses to return severance pay to company

Crusier
Former McDonald's CEO Steve Easterbrook believes that the company has no right to seek the return of severance pay, since he has complied with all the terms of the agreement signed upon leaving. This was stated by one of his lawyers. According to...

US biotech company Illumina buys cancer detection system developer Grail for $8B

pxhere
Illumina, a US biotechnology company, buys Grail, a cancer early detection system. The deal is worth $ 8 billion, with $ 3.5 billion to Grail shareholders to receive in cash, and the remaining $ 4.5 billion in Illumina shares. Illumina, created back...

Spotify accuses Apple of unfair competition

pixy
Music streaming service Spotify has accused American company Apple, which unveiled Apple One subscriptions the day before, of unfair competition, Reuters reported, citing a statement from Spotify. On September 15, Apple announced as part of its...
Markets & Industries

WTO: Global exports fall by 21% in Q2

JoachimKohlerBremen
World exports in the second quarter of this year experienced an unprecedented decline: in monetary terms, the total volume of trade in annual terms dropped by 21% at once, in physical terms (excluding the decline in energy prices and a number of...

Real estate value of the British crown fell by $ 700 million after lockdown

Philafrenzy
The organization that manages the real estate of the British monarchy reported a decrease in the value of its assets by more than $ 700 million due to the spring quarantine. Despite this, it managed to earn a profit for the treasury. The Crown...

Bill Gates expects end of COVID epidemic no earlier than 2022

World Economic Forum
Microsoft founder Bill Gates believes the coronavirus epidemic will end "at its best" in 2022. According to him, if the use of the vaccine is approved at the beginning of 2021, then the situation "will begin to return to normal" by the summer in the...

Prices for precious metals slump after the Fed meeting

pikist
Prices for precious metals fell 1-4.5% on September 17, returning to the levels of a week ago. The bearish play was promoted by the results of the meeting of the Federal Reserve System (Fed): it did not expand the monetary stimulus, which was...
In-depth coverage
DI Environnement, Montelimar (France)

DI, French leader of asbestos removal and decontamination

As environmental and anti-pollution standards tightened, in all countries across Europe and America, finding specialists who are able to address all projects has become more important than ever. If industrial and sanitary norms are not met, projects can come to a standstill or even require catastrophic deconstruction. In order to address this rising complexity, French leader DI has focused on al...
>>> Zoom on Earth

“Wherever we go, we are above all at the service of the local authorities' urban project” an interview with Carmen Munoz, CEO of the French Company Citelum

Citelum, a subsidiary of the French energy group EDF, is a company specializing in urban lighting, which currently generates more than 75% of its revenue from international operations. Its general manager, Carmen Munoz-Dormoy, explains how the company has established itself abroad and how it is involved in local urban development.1. In your last activity report, you stated that you ar...
World & Politics

Trump introduces new sanctions against Cuba

Gareth Williams
US President Donald Trump announced new sanctions against Cuba, Reuters reported. Additional restrictions will be imposed on the import of Cuban cigars and alcoholic beverages into the United States. In addition, American tourists will be prohibited...

Brussels prepares new "powerful solidarity mechanism" for dealing with migrants

Gémes Sándor/SzomSzed
On Wednesday, the European Commission is expected to present a package of proposals for the reform of EU migration policy. The goal is to achieve a more equitable distribution of the burden caused by the influx of migrants among all members of the...

UK ponders canceling tax free system

Photo by DAVID ILIFF. License: CC BY-SA 3.0
The plan of the UK authorities to cancel the tax free system on December 31 drew sharp criticism from the tourist industry, BBC News reported on Monday. "The government's plan to end the tax free system for foreign visitors from 31 December could...

World Bank updates Human Capital Index, results better than expected

libreshot
The World Bank has once again assessed the human capital index. The global average is 56%, the index for low-income countries is 37%, for high-income countries - 70%. The index measures the human capital that a child born today can possess by...
Management & Strategy

Ralph Lauren to cut staff by 15% by next summer

Mike Mozart
The company Ralph Lauren Corporation intends to reduce costs by 180-200 million dollars by reducing the number of full-time employees by the summer by 15%, follows from the release of the company and the representative's comment. "Ralph Lauren is...

The pain that you need: How to learn from your mistakes

pikist
Everyone makes mistakes. The only difference is that successful people learn from mistakes, and losers don't. Ray Dalio, one of the richest people in the world and author of The Principles, is confident that if you create an atmosphere where...

Study: Alcohol and junk food manufacturers tailor their marketing to COVID-19

LN9267
The NCD Alliance and Spectrum have released a study on the marketing strategies of alcohol, junk food and tobacco manufacturers during the COVID-19 pandemic. Paying tribute to their contribution to the fight against COVID-19, the study authors point...

Several JPMorgan employees fired for illegally obtaining government support

Beyond My Ken
JPMorgan Chase bank fired several employees who arranged for themselves and their clients to illegally receive financial aid from the state intended to help the victims of the pandemic under the Economic Injury Disaster Loan (EIDL) program. This was...