Luis Salazar

Business & Finance 23 July 2024, 9:11 am 1 minute Reuters exclusively reported that Europe’s top asset manager Amundi and other LVMH investors want the $370 billion luxury behemoth to take more aggressive steps to monitor its suppliers’ treatment of workers after Italian prosecutors disclosed alleged sweatshop-like conditions at subcontractors for high-end brand Dior. Market […]

Business & Finance 17 July 2024, 1:57 pm 1 minute Reuters exclusively reported that PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China as a regulatory investigation and an exodus of clients darken business prospects. The move follows Chinese regulators’ scrutiny of PwC this year for its role as

Business & FinanceCommodities 15 July 2024, 2:09 pm 1 minute Reuters exclusively reported that trading houses face losses of at least $1 billion on cocoa derivatives after major producer Ghana failed to deliver beans this year, forcing traders to liquidate short positions in a rallying market.  Market Impact Global cocoa prices soared this year after

Business & FinanceGovernment 12 July 2024, 2:02 pm 1 minute Reuters exclusively reported that United Auto Workers President Shawn Fain met with the union’s executive board to discuss his deep concerns with President Joe Biden’s ability to defeat Donald Trump in the November elections. Fain and the UAW are important allies of the president and

EnergyGovernmentPolitics 09 July 2024, 1:48 pm 1 minute Reuters exclusively reported that India plans to spend $1 billion to expedite the construction of 12 hydropower stations in the northeastern Himalayan state of Arunachal Pradesh, two government sources said, a move that could raise tensions with China that lays claims to the region.  Market Impact India

Business & Finance 04 July 2024, 5:57 pm 1 minute Reuters exclusively reported that Indian labour officials visited a Foxconn factory in the country’s south this week and questioned executives about the company’s hiring practices after Reuters reported that the major Apple supplier has been rejecting married women from iPhone assembly jobs.  Market Impact A

Business & FinanceGovernment 04 July 2024, 5:50 pm 1 minute Reuters published an exclusive interview with Turkish Central Bank Governor Fatih Karahan – his first with the media since becoming chief in February – on the heels of data showing a long-awaited turnaround in the country’s soaring inflation rate. Karahan’s comments that the central bank