In order to understand exactly form where it’s the raw material for its products, which range from ice creams to deodorant, come from, Unilever is making use of a combination of advanced satellite imagery and geolocation data. According to Marc… Read More ›
Day: September 24, 2020
Record $920 Million Fine Over Money Laundering Scandal Slapped On Australian Bank Westpac
A record-breaking penalty of almost $1 billion will be paid by Westpac, one of Australia’s largest banks. The charge against the bank is that if has systematically allowed money laundering on its watch. An agreement for a 1.3 billion Australian… Read More ›
World Bank’s International Finance Corporation adopts climate change specific financing, aims to reduce financing for coal to zero by 2030
In a significant development, the World Bank’s private-sector arm has introduced new climate change specific conditions, which encourages commercial banks and other financial lenders to wind down support for coal projects in Asia and Africa. The International Finance Corporation (IFC),… Read More ›
Chinese state investors want to privatize BMW’s Chinese JV partner Brilliance China Automotive Holdings Ltd
Chinese state-backed investors are weighing options, which includes taking BMW’s main Chinese joint-venture partner Brilliance private, said five sources with knowledge of the matter at hand. The development is the latest in such deals aimed at uplifting down-beaten Hong Kong-listed… Read More ›
Gilead Science settles DoJ probe over U.S. kickbacks for Medicare patients with $97M
In a statement, the U.S. Department of Justice stated, Gilead Sciences Inc has agreed to settle allegations that it improperly used the Caring Voice Coalition as a conduit to cover thousands of patients’ co-payment obligations and has agreed to pay… Read More ›