In a first-of-its-kind lawsuit, the US state of California has sued ExxonMobil for fraud over plastic recycling. The state’s attorney general accuses the oil giant of deceiving the public for decades by promoting recycling as a solution to plastic waste management while knowing that it isn’t viable to do so at scale. FRANCE 24’s Yuka … Read more
German Chancellor Olaf Scholz has warned against a “hostile takeover” of Commerzbank, after Italy’s UniCredit revealed it had significantly increased its stake in Germany’s second-largest bank, from 9 percent to 21 percent. Plus, with New York’s Climate Week underway alongside the UN General Assembly, FRANCE 24’s Yuka Royer speaks to Gregory Renand, head of the Z … Read more
After weeks of negotiations, European Commission chief Ursula von der Leyen has unveiled her new top team, giving key economic portfolios to France, Italy and Spain. If approved by the European Parliament, the bloc’s top brass will be charged with steering the EU’s industrial agenda in the face of competition from China and the US. Plus, … Read more
In a long memo sent to Amazon staff on Monday, CEO Andy Jassy told the tech giant’s corporate employees that they would no longer be allowed to work remotely so that they are “better set up to invent, collaborate, and be connected enough to each other”. Amazon had previously faced protests when reducing the number … Read more
Boeing has announced a hiring freeze and cost-cutting measures amid a crippling strike at its assembly plants that has brought production of its best-selling jets, including the 737 MAX, to a virtual halt. But first, lawyers for TikTok and ByteDance have made their case against a US law, signed back in April, that gave them … Read more