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Tag: EU

Big businesses trumpet ESG credentials. Scrutiny is on the rise
Business

Big businesses trumpet ESG credentials. Scrutiny is on the rise

As the 2020s progress, discussions about climate change, the environment and issues related to equality and diversity are at the forefront of many people's minds.The corporate world is no exception, with banks, energy producers and a host of other major businesses keen to trumpet their sustainability credentials through advertisements, pledges, social media campaigns and a range of other initiatives.    Many of these claims are now viewed through the prism of ESG, or environmental, social and governance.It's become a hot topic in recent years, with a wide range of organizations attempting to boost their sustainability credentials — and public image — by developing business practices which they claim chime with ESG-linked criteria.But here's the rub: Definitions of ESG often vary and are...
Amazon may have to tweak proposals for ending business practices probes, EU’s Vestager says
Business

Amazon may have to tweak proposals for ending business practices probes, EU’s Vestager says

Register now for FREE unlimited access to Reuters.comRegisterBRUSSELS, Sept 16 (Reuters) - Amazon (AMZN.O) may have to tweak its proposals to end two investigations into its business practices, EU antitrust chief Margrethe Vestager said on Friday following feedback from third parties on the issue.In July the U.S. online retailer said it would set up a data silo, preventing its retail arm from using data from its marketplace to make competing private label products. read more It will also end preferential treatment for itself and treat sellers equally when ranking their offers for the "buy box" on its website that generates the bulk of its sales.Register now for FREE unlimited access to Reuters.comRegisterVestager had given third parties until Sept. 9 to provide feedback before deciding...
Ukraine war, energy crisis send German business sentiment to lowest level since June 2020
Business

Ukraine war, energy crisis send German business sentiment to lowest level since June 2020

The skyline with its financial district is photographed as the spread of the coronavirus disease (COVID-19) continues during an extended lockdown in Frankfurt, Germany, January 14, 2021. REUTERS/Kai Pfaffenbach/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterIndex falls for third month in a rowUkraine war, energy crisis weighs on business moraleIfo: Economy expected to shrink in Q3BERLIN, Aug 25 (Reuters) - German business morale in August fell to its lowest reading since June 2020 amid high uncertainty due to the Ukraine war, the resulting energy crisis and fears of an economic downturn in the third quarter, a survey said on Thursday.The Ifo institute's closely watched business climate index fell for a third consecutive month but less than expected to 88.5, from...
Russian politician detained for criticising Ukraine invasion
Politics

Russian politician detained for criticising Ukraine invasion

LONDON, Aug 24 (Reuters) - Russian opposition politician Yevgeny Roizman was shown being detained at his home in a video published on social media on Wednesday, in the latest move by authorities to punish critics of the war in Ukraine.Video of the arrest showed Roizman, former mayor of the Urals city of Yekaterinburg, being taken away by law enforcement officials.Roizman was seen in the video telling reporters that he was being investigated under a law against discrediting the armed forces. He said he was being arrested "basically for one phrase, 'the invasion of Ukraine'".Register now for FREE unlimited access to Reuters.comRegisterAsked where he had said that, he replied: "I've said it everywhere and I'll say it now."State news agency TASS cited Yekaterinburg security services as conf...