A growing movement against consumption could turn into serious social problems, says Head of H&M. According to him, concern for the environment should not interfere with other global issues, especially the fight against poverty. The movement that condemns consumption seeks to ban a lot: for example, they demand to refuse air travel or stop buying things, said H&M CEO Karl-Johan Persson,...

Uber launched a service for booking culinary master classes through its application in test mode. So far, the experiment is being conducted only in San Francisco. Uber is exploring a new way to offer customers food through Uber Eats, and this has nothing to do with delivery. Last Friday, Uber launched a pilot project called Uber Moments. It allows customers to book culinary master classes in the...

Twitter Inc. stocks fell by 20% to $ 31.45 apiece at the start of trading according to the New York Stock Exchange. After a couple of hours, the rate of decline slowed down by 18.93% to $ 31.3. This corresponds to approximately $ 6-7 billion loss in market value. Before the exchange opened in New York, the company was worth $ 30 billion. At this time, US stock indexes fell by 0.2-0.3%. The...

In addition, the national airline of Cuba will stop flying to the Caribbean and Venezuela. Washington tightened measures regarding the export and re-export of a number of products to Cuba. They also affected the leasing of aircraft and ships, telecommunications equipment and donations. In addition, all licenses previously issued to state Cuban carriers for leasing aircraft and ships will be...

American retailer Macy's Inc. announced that it would completely abandon the sale of natural fur products by the end of fiscal year 2020. This decision will affect both Macy's and Bloomingdale's stores and the company's discount chains, according to the press release. At the same time, Macy's will close all of its fur stores and salons. "Over the past two years, we have been closely following...

After 13 years serving to the company, Nike CEO Mark Parker will leave this post, according to a press release published on the company's official website. He will be replaced by John Donahoe, who has been a member of the Nike board of directors since 2014. He is also President and CEO of ServiceNow, a global leader in cloud ITSM platform manufacturers, as well as Chairman of PayPal Holdings....

US-Japanese company GE Hitachi (GEH) and Polish company Synthos have signed a protocol of intent to deploy the BWRX-300 small modular nuclear reactor in Poland, which will be the first industrial reactor in the country, follows from GEH press release. "The BWRX-300 is a breakthrough in the industry for which price has become a serious obstacle," said Jon Ball, GEH's vice president of nuclear...

Sales of French company Danone in physical terms fell by 1.6% year on year in the third quarter of 2019, the company said. In money, on the contrary, they grew by 3.7% to €6.4 billion. The company explains the decline in volumes by a decrease in demand for drinking water in Europe, as well as for dairy and vegetable products in the CIS countries. Danone also admitted difficulties with sales in...

Saudi state-owned oil company Saudi Aramco has postponed, but not canceled, its initial public offering, the Financial Times reported citing three sources. The delay will take several weeks. Earlier it was assumed that the IPO will be announced on October 20. The company wants to give investors a clear idea of its financial situation after the September drone attacks on its oil facilities, which...