Journalists’ union hits back at Harry and Meghan in royal reporting row January 9, 2020 The National Union of Journalists (NUJ) today hit back at the Duke and Duchess of Sussex after the Royal couple launched its latest attack on the media over alleged misreporting. Prince Harry and Meghan Markle sent shockwaves through the nation yesterday when they announced plans to step back as senior members of the Royal family. [...]
Germany plans to ban Roundup weedkiller in 2023 September 4, 2019 Germany plans to ban the use of glyphosate by the end of 2023, it was reported today in the latest blow against Bayer’s controversial Roundup weedkiller. Sources told Reuters that the country’s government is drawing up plans to phase out the chemical, which is the key component of Roundup. Read more: Bayer share price surges [...]
Johnson & Johnson battles reputation crisis amid opioid epidemic October 8, 2019 Pharmaceutical giant Johnson & Johnson is battling a reputation crisis worsened by its involvement in the opioid crisis sweeping the US, according to the latest research. The brand has fallen from 8th position in 2014 to 57th place this year on a ranking of 58 global pharmaceutical companies. Read more: Johnson & Johnson fined $572m [...]
Travis Kalanick to leave Uber’s board in December December 24, 2019 Travis Kalanick has resigned from the board of Uber, the ride-hailing service that he founded and helped make a global phenomenon. In a statement, Uber said that the entrepreneur would step down on 31 December to concentrate on other business endeavours. Read more: Uber co-founder takes stock sale to over $700m In a statement, Kalanick [...]
Glencore braced for coronavirus impact as earnings fall February 18, 2020 Glencore saw earnings drop 26 per cent to $11.6bn (£9bn) last year as the commodities giant warned that it was “closely watching” the coronavirus outbreak’s impact on global markets. Shares in the blue-chip stock fell 0.8 per cent as markets opened. The figures Although earnings declined to $11.6bn from $15.8bn in 2018, Glencore still beat [...]
Walmart sues Elon Musk’s Tesla after fires blamed on its solar panels August 20, 2019 Retail giant Walmart is suing Elon Musk’s electric car and clean energy business Tesla alleging that solar panels it supplied were responsible for fires at seven of its stores, according to a lawsuit filed in New York today. The fires destroyed significant amounts of store merchandise and required substantial repairs, totalling hundreds of thousands of [...]
Trial begins into €9bn investor lawsuit against Volkswagen but not all claims will be considered, judge says September 10, 2018 €9bn investor lawsuit against Volkswagen over the diesel emissions scandal has got under way in Germany but a judge has said only some of the 1,670 claims will be considered. Shares in the German car manufacturer rose steadily throughout the morning as the trial, expected to last at least until the end of the month, [...]
Johnson & Johnson fined $572m in landmark ruling over opioid crisis August 27, 2019 Johnson & Johnson has been ordered to pay $572m (£467m) in compensation over its role in fueling Oklahoma’s opioid crisis by deceptively marketing addictive painkillers, a US court has ruled. Judge Thad Balkman ruled after a seven-week trial that the pharmaceutical giant had run a “false and dangerous” marketing campaign that fueled America’s opioid epidemic. [...]
Orcel ‘offered €52m’ by Santander as part of botched CEO plan July 16, 2019 Santander reportedly offered Andrea Orcel a €52m pay deal as part of a botched plan to appoint him as chief executive. Orcel, the investment banker who was denied the role of chief executive at Santander just four months after being offered the post, was offered a cash sign-on bonus of €17m and €35m of shares, [...]
Sorrell called up to Dutch court case over Mediamonks row August 21, 2019 Sir Martin Sorrell has been called to appear in court as a witness as part of a legal dispute between former shareholders of a company which Sorrell acquired to rebuild his career. A former senior executive and investor in Mediamonks is considering taking out a lawsuit against the Dutch content company’s previous managers, arguing he [...]