Barry Callebaut cites progress in helping cocoa farmers tackle child labour
Swiss cocoa products maker Barry Callebaut said on Tuesday that 26% of the farmer groups from which it sourced products in 2018/2019 had programmes to prevent child labour,
OPEC, Russia debate deeper oil cuts as new glut looms
OPEC and its allies led by Russia are gearing up to approve deeper oil production cuts this week to prevent a new glut and a collapse on oil prices with OPEC member Iraq saying the move was supported by key members.
Goldman Sachs to launch new products and services on Amazon’s cloud
Goldman Sachs Group Inc will be launching new technology-based products and services for its institutional clients on Amazon’s cloud next year, bank Chief Executive David Solomon said at a conference on Tuesday.
Trump says China trade deal may have to wait amid sticking points in talks
President Donald Trump said on Tuesday a trade deal with China might have to wait until after the U.S. presidential election in November 2020, denting hopes that the two largest economies would soon reach an initial deal to ease their damaging trade wa…
U.S. shoppers, mostly online, spend 16% more over holiday weekend
A record number of U.S. consumers spent more online and in stores over the holiday weekend for everything from clothing to toys, the National Retail Federation said on Tuesday.
Wall Street sinks as Trump hints at delay in trade deal with China
Wall Street fell more than 1% and the benchmark S&P 500 hit a near one-month low on Tuesday, as comments from President Donald Trump and Commerce Secretary Wilbur Ross stoked fears of a significant delay in resolving a trade dispute with China.
Goldman to launch new products and services on Amazon’s cloud
Goldman Sachs Group Inc Chief Executive David Solomon said the bank will be launching new technology-based products and services for its institutional clients on Amazon’s cloud next year.
Federal Reserve terminates 2015 forex enforcement action against Bank of America
The U.S. Federal Reserve announced Wednesday it had terminated a 2015 enforcement action against Bank of America over its shortcomings in preventing traders from manipulating foreign exchange rates.
Volkswagen headquarters raided again over diesel scandal
German public prosecutors raided the Wolfsburg headquarters of Volkswagen on Tuesday in the latest investigation into the carmaker’s diesel emissions scandal.
WTO tussles over hard stop vs phase-out of appeals system
The World Trade Organization (WTO) battled on Tuesday over whether to bring its Appellate Body to an abrupt halt or allow its adjudicators to settle a handful of pending cases, according to trade officials present at a meeting on the subject.
