Dutch
giant APG persuades Samsung to have financial results audited for first time
Dutch pension investment giant APG has, through engagement, succeeded in
getting Korean technology firm Samsung to have its financial results signed off
by an independent auditor for the first time ever.
World’s
biggest firms still largely unsustainable – ESG firm Oekom
The majority of the world’s biggest listed companies continue to score
poorly when it comes to sustainable management of their business, according to
German ESG research firm Oekom in a new study.
Toyota suspends
India output amid wage dispute
Toyota’s subsidiary in India has locked out workers at two of its plants
amid worsening relations after a breakdown in wage negotiations, underscoring
the risks for carmakers in fast-growing but volatile emerging economies.
Zero
hours contracts on the rise as ONS reveals half a million employees are hired
on no set hours
The use of zero hours contracts is far more widespread than previously
believed, the Office for National Statistics has revealed, after the government
agency admitted the official number of workers on the controversial contracts
is more than double the amount first thought.
Bank of England
explains how money is created
This article explains how the majority of money in the modern economy is
created by commercial banks making loans. Money creation in practice differs
from some popular misconceptions — banks do not act simply as intermediaries,
lending out deposits that savers place with them, and nor do they ‘multiply
up’ central bank money to create new loans and deposits.
McDonald’s
faces US class-action lawsuits over worker pay
McDonald’s faces class-action lawsuits in three US states by employees who
accuse the fast-food company and its franchisees of systematic wage theft.
Big banks put forex bonuses
on hold
Barclays, Citigroup and Royal Bank of Scotland have frozen bonuses across swaths of their foreign exchange trading teams pending internal investigations into possible manipulation of key currency benchmarks.
