New EU rules regulating U.S. tech giants likely to set global standard

Europe’s antitrust chief Margrethe Vestager on Thursday won backing from European Union members and EU lawmakers for her proposal, the Digital Markets Act (DMA), to rein in the powers of the tech giants via legislation for the first time, rather than lengthy antitrust investigations.The DMA sets out a list of dos and don’ts targeting each tech giant’s core business practices.

“DMA is here…

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Next cuts sick pay for self-isolating unvaccinated staff

Next is understood to have ruled that any unjabbed worker who is not infected but is self-isolating will only receive statutory sick pay. A number of retailers in other categories and companies synth wider business community have started bringing in such policies.The retailer, which employs around 44,000 people, is said to have introduced the measure after recently seeing a sharp rise in staff …

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Ralph Lauren gets Honorary UK Knighthood for services to fashion

Officially, he’s now an Honorary Knight Commander of the Most Excellent Order of the British Empire, which doesn’t mean he can call himself Sir Ralph as he’s neither a British nor Commonwealth country citizen. But it certainly underlines the impact that Ralph Lauren, KBE, has made in a career stretching back to the early 1960s.The insignia was signed off by Queen Elizabeth but he received…

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Shop Direct, Next hail progress of support programme for Indian textile workers

The support programme, launched in July 2018, focussed on two mills and five villages in the state of Tamil Nadu, in South India. Nearly 950 workers received training and support to boost life skills, confidence and awareness of employment rights, while a village-based outreach programme aimed to educate more than 8,500 people about issues affecting female mill workers.Village committees were e…

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Tapestry begins global store reopenings, announces more contributions to Covid-19 relief

On Thursday, the company said it would take a phased market-by-market approach to reopening, after about 90% of its stores were either closed or operating on shortened hours during its third quarter. The company plans to have over 300 Coach, Kate Spade and Stuart Weitzman stores in North America offering curbside pickup service by the end of this week, and also plans to open approximately 20 s…

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Chinese companies’ indebtedness worries IMF

The International Monetary Fund (IMF) has called on the Chinese government to react “very urgently” and stop the massive level of indebtedness of Chinese companies, which resorted to debt to boost their growthคำพูดจาก เกมสล็อตทดลองเล่น. This has resulted in a high degree of …

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Unilever switches some ingredients due to commodities shortages, eco issues

The ability to switch ingredients and materials, something consumer goods manufacturers traditionally find difficult, became even more valuable after Russia’s invasion of Ukraine led to commodity prices hitting multi-year highs.In April, Unilever boss Alan Jope said the company had begun altering some of its recipes so it could use rapeseeed oil instead of sunflower oil, which had become scarce…

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Uniqlo publishes list of core fabric mills

The Japanese clothing group said the move is part of its ongoing commitment to “increasing transparency across its supply chain in order to help protect the environment, to ensure proper working conditions for all, and to help safeguard human rights”.The list of suppliers includes fabric mills and sewing factories in China, Indonesia, Bangladesh, Thailand, Japan, Vietnam, Cambodia, Korea, M…

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