EUR/USD 1.16154
0.011%
Gold 4404.48
-0.683%
Oil 89.983
0.618%
USD/JPY 155.938
-0.189%
GBP/USD 1.35152
-0.023%
GBP/JPY 210.759
-0.212%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to JLC Network Technologys calculations, as of the sixth working day on September 7th, the average price of benchmark crude oil was $91.25 per barrel, with a change rate of 4.04%. Domestic gasoline and diesel retail prices should be increased by 200 yuan per ton. The adjustments are based on: 1. the structure of domestic crude oil imports and the settlement benchmark commodities; 2. minor adjustments may be made during the pricing mechanisms operation based on import structure, etc., and JLC Network Technology will revise accordingly; 3. At 24:00 on August 28th, domestic gasoline and diesel retail prices were increased by 375 and 360 yuan per ton respectively. Based on the "ten working days" principle, the adjustment window for this round of prices is 24:00 on September 11th.Futures News, September 7th: Crude oil prices remained high, with positive news and cost factors supporting fuel oil traders to maintain prices and increase sales. Downstream buyers, focused on immediate needs, operated cautiously, pushing market prices steadily upward. Overall market trading sentiment was positive, and domestic fuel oil negotiations are expected to continue their steady upward trend today.On September 7, according to the Saudi Ministry of Foreign Affairs, Saudi Foreign Minister Faisal and British Foreign Secretary Miliband held a telephone conversation to discuss developments in the Middle East and emphasized the importance of easing tensions. In a statement, the Saudi Ministry of Foreign Affairs said that Faisal and Miliband reviewed bilateral relations and discussed the latest regional and international situation and its impact on security and stability. The statement also noted that "the two sides also discussed the importance of strengthening diplomatic efforts to ease tensions, enhancing the security of international waterways, and ensuring freedom of navigation."The US non-farm payrolls report for August exceeded expectations, causing a sharp drop in spot gold and silver prices before a rebound. Currently, they are trading in a narrow range. A chart provides a quick overview of the pre-market prices of gold and silver, converted between domestic and international markets.As of 8:30 AM Beijing time, spot platinum was down 0.08%, while spot palladium was up 0.10%.

Hershey, Nestle, and Cargill win the dismissal of a claim of child slavery in the United States

Charlie Brooks

Jun 29, 2022 11:06


Tuesday, a federal judge in Washington, D.C. dismissed a case brought by eight Malians claiming child slavery on Ivory Coast cocoa plantations against Hershey Co (NYSE:HSY), Nestle SA (SIX:NESN), Cargill Inc, and others.


U.S. District Judge Dabney Friedrich determined that the proposed class action plaintiffs lacked legal standing to sue because they failed to prove a "traceable nexus" between the seven defendant companies and the individual farms where the plaintiffs worked.


She added that the plaintiffs did not adequately explain the role of intermediaries in the cocoa supply chain, and that the companies did not oversee actions in "free zones" where 70 to 80 percent of cocoa is farmed.


Mali and Ivory Coast share a border in West Africa.


The plaintiffs claimed they were trafficked as children after being approached by strangers who promised them employment for which they would be compensated, but did not pay them, threatened them with starvation if they did not work, and forced them to live in squalor.


Their attorney, Terry Collingsworth, said that the plaintiffs plan to file an appeal to "compel the businesses to keep their agreements and put an end to this dreadful system they have created."


Other defendants included Mars Inc, Mondelez International Inc (NASDAQ:MDLZ), Barry Callebaut AG, and Olam International Ltd.


In court filings, the seven defendants said that they "strongly abhor the practice of forced labor" and that they were addressing non-forced child labor in cocoa supply chains.


However, they contended that the plaintiffs' too broad legal theory may hold too many parties liable for forced child labor, including consumers and merchants who would benefit from lower prices.


In accordance with the Reauthorization of the Trafficking Victims Protection Act, the plaintiffs filed suit.


The Supreme Court of the United States rejected a similar case brought by six Malians against Cargill and Nestle under the Alien Tort Statute of 1789 in June of last year.


This was the most recent in a line of judgments denying access to federal courts based on human rights breaches occurring outside the United States.


Coubaly et al. v. Cargill Inc. et al., U.S. District Court, District of Columbia, case number 21-00386.


Suggestion