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Laurie Clark is a Bay Street veteran who’s turned her attention to environmental, social and governance disclosure, an arena for some of the world’s largest companies and consultancies. But her focus is the needs of smaller organizations.
The U.S. budget gap widened in the first seven months of the fiscal year, as federal spending continued to outpace rising tax receipts while the nation recovers from the economic fallout from the Covid-19 pandemic.
Chinese regulators recently slapped a $2.8 billion fine on Alibaba. But the company actually has a larger problem: maintaining its lead over the competition.
Supply shortages are acute in America
The company said it would increase hourly wages for current employees by an average of 10 percent and that the entry-level wage for new employees would rise to $11 to $17 an hour, based on the location of the restaurant.
Bombardier Inc. has won support from bondholders on four of the eight bond issues it was targeting in its bid to quash a challenge by an investor who claimed the plane maker’s recent asset sales breached pledges made under its indenture. It is giving all creditors more time to respond.
The economic outlook has brightened considerably across Europe after lockdowns restricted growth at the start of the year. Now, economists can foresee the complete recovery by the end of next year from the early effects of the pandemic.
And inflation is picking up speed
On Wednesday, the European General Court annulled a 2017 decision that ordered U.S. e-commerce giant Amazon.com to pay €250 million, equivalent to about $304 million, in additional taxes to Luxembourg. Last July the court similarly overturned Apple’s €13 billion bill for Irish back taxes on years’ worth of international earnings.
The Japanese auto maker hasn’t attracted the same excitement around its electric-vehicle plans as the likes of General Motors and Volkswagen, but in some respects it is technologically ahead
Corporations are playing an increasing public role in some of today’s biggest hot-button conversations. More and more, their investors, customers, employees, and other stakeholders look to them to take a stand on issues such as climate change and racial justice. But, given the controversy around social issues like these, weighing in on sensitive topics may be riskier than ever.
A revolt at Rio Tinto marks the first remuneration report rejection of the year in both Australia’s ASX 100 and the UK’s FTSE 350 — and underlines the increasing focus shareholders are placing on ESG, and on its relationship to executive pay.
Western Canadian forest products company Paper Excellence is moving into the U.S. market by acquiring Montreal-based pulp and paper producer Domtar Corp. for US$2.8-billion.
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Poloz reckons the world is simply finding its way back to a new balance of supply and demand
Volvo Cars, the Swedish auto maker owned by Zhejiang Geely Holding, said Wednesday that it is exploring a potential listing on the Nasdaq Stockholm index through an initial public offering.
Consumer prices jumped 4.2% in the 12 months through to April, up from 2.6% in March and marking the biggest increase since September 2008.
Elon Musk, Tesla’s chief executive, said Tesla had suspended accepting Bitcoin because of concern about the energy consumed by computers crunching the calculations that underpin the currency.
The San Francisco-based restaurant and e-commerce delivery company announced on Wednesday that it will hire at least 50 developers at a new product engineering office, and plans to double its work force in Toronto to roughly 200 people total by the end of this year.
Regulations and now ESG risk more declines in Canada’s public stock markets
The Chinese are trialling it. The UK Treasury and the Bank of England have a task force on it. So, after years of talk, central bank digital currency has suddenly become serious business.
U.S. inflation could rise somewhat further in coming months before moderating later this year, a top Federal Reserve official said Wednesday, adding that the central bank’s easy-money policies will likely remain unchanged for some time.
SoftBank Group Corp. smashed profit records in its home country, riding a series of blockbuster initial public offerings to an annual net income of 4.99 trillion yen, equivalent to $45.9 billion—the highest ever for any Japanese company.
Cryptocurrencies are here to stay but are unlikely to be considered a credible alternative to money anytime soon.
Alliance members sent a statement to 106 companies that scored zero on human rights due diligence indicators in the 2020 Corporate Human Rights Benchmark Report, which assesses human rights disclosures of 230 global companies across five sectors identified as presenting a high risk of negative human rights impacts: agricultural products; apparel; extractives such as mining, oil and gas; information and communications technology manufacturing; and automotive manufacturing.
At an annual meeting of shareholders, 60.19% of votes were cast by shareholders in favour of approving Soriot’s pay proposal, which takes his maximum annual bonus for 2021 to 2.5 times his base salary, up from twice his salary, and makes him eligible for long-term share awards worth as much as 6.5 times his salary, up from 5.5 times.
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