It’s time to boycott any company doing business in Xinjiang | Michael Caster

Forced labour in Chinas internment camps taints the supply chains of many western companies. We need to take action Any western company doing business in Xinjiang should consider their supply chains tainted by forced labour drawn from internment camps. Hardly a drop in the ocean of the vast global economy, this involves companies such as […]

Nestle tightens controls on coffee beans after weedkiller scare

London (CNN Business)Nestle will tighten quality controls on the coffee beans it buys, after tests flagged levels of the controversial weedkiller glyphosate that were close to regulatory limits. Nestle’s (NSRGF) decision to increase the frequency of checks was unlikely to disrupt global coffee supply chains, a spokesperson said. “This is not a new process, we […]

Trump administration labels China a currency manipulator

Washington D.C. (CNN Business)The Trump administration on Monday designated China a “currency manipulator,” after the country’s central bank allowed its currency to weaken amid the ongoing trade dispute. Presidents have often used the twice-a-year currency report as a diplomatic tools while engaging with countries that are seen as having exchange rates that harm US jobs […]

Lean meat: US pork prices rise as sweltering summer leads to skinny pigs

Farmers say they have more slender summer herd to sell after overweight and numerous pigs in spring led to lowest prices in a decade Lean times for US pig farmers have led to an unforeseen spike in pork prices. Sweltering under record-setting summer temperatures, pigs that have sweated off the pounds and are now considered […]

Consulting firm McKinsey no longer working with opioid maker Purdue Pharma

(CNN)Management consulting giant McKinsey & Company will stop doing work for Purdue Pharma, the controversial drug firm that makes the prescription painkiller OxyContin. The use of OxyContin and other opioid prescription painkillers has become an epidemic in the United States that has been blamed for tens of thousands of deaths, according to the Centers for […]

Paul Ryan sold shares on same day as private briefing of banking crisis

Vice-presidential candidate denies he profited from a 2008 meeting with Fed chairman in which officials outlined fears for financial crisis Paul Ryan, Mitt Romneys vice-presidential running mate, sold stock in US banks on the same day he attended a confidential meeting where top level officials disclosed the sector was heading for a deep crisis. The […]

Michael Bloomberg: Brexit is stupidest thing any country has done besides Trump

Exclusive: Billionaire media mogul says it is hard to understand why a country doing so well wanted to ruin it Michael Bloomberg, the billionaire media mogul and former mayor of New York, has said Brexit is the single stupidest thing any country has ever done apart from the election of Donald Trump as US president. […]

Romania hits Canadian firm with $9m ‘retaliatory’ tax bill over gold mine

Move comes after Gabriel Resources sues government for $4.4bn over failed bid to establish goldmine in Apuseni mountains Romania has served a Canadian mining company with a $8.6m back taxes bill days after the company filed a $4.4bn compensation claim over a stalled project in the country. Gabriel Resources tried for more than 18 years […]