EUR/USD 1.16534
0.011%
Gold 4632.93
0.837%
Oil 81.316
-0.142%
USD/JPY 159.361
0.042%
GBP/USD 1.35884
-0.057%
GBP/JPY 216.531
-0.026%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 27 - At the invitation of Zhao Leji, Chairman of the Standing Committee of the National Peoples Congress, Austrian National Council Speaker Rosenkrantz will lead a delegation to China from August 29 to September 4.On August 27th, the Shanghai Securities Regulatory Bureau, the Asset Management Association of China, and other relevant departments held a training course on private equity compliance and policy interpretation in Shanghai for 2026. The training covered topics including: interpretation of the "Implementation Plan for Comprehensive Rectification of Illegal Cross-border Securities, Futures and Fund Operations"; interpretation of the "Guiding Opinions of the General Office of the State Council on Strengthening Supervision, Preventing Risks, and Promoting High-Quality Development of Private Equity Investment Funds"; a brief analysis of illegal and irregular activities in the Shanghai jurisdiction and compliance requirements; common issues and warnings in self-regulatory inspections; key points of securities and futures arbitration rulings; and analysis of private equity fund cases.On August 27th, it was reported that in July 2026, power trading institutions nationwide completed 740.4 billion kWh of electricity transactions, a year-on-year increase of 18.5%. In terms of transaction scope, intra-provincial transactions totaled 549.1 billion kWh, a year-on-year increase of 19.0%; inter-provincial and inter-regional transactions totaled 191.3 billion kWh, a year-on-year increase of 17.2%. In terms of transaction types, medium- and long-term transactions totaled 678.6 billion kWh; spot transactions totaled 61.8 billion kWh. Green electricity transactions totaled 27.7 billion kWh, a year-on-year increase of 2.7%. Power grid companies purchased 87.2 billion kWh through market-based agency services.The main fuel oil futures contract rose by 2.00% intraday, currently trading at 3749.00 yuan/ton.Gold prices rose slightly on Thursday, August 27th, as concerns about currency devaluation persisted and market attention turned to Federal Reserve Chairman Warshs highly anticipated speech this week. Kelvin Wong, senior market analyst at OANDA, stated that the narrative of a depreciating dollar, coupled with concerns about the US budget deficit, continues to support gold in the medium term. The US Treasurys announcement of expanding its purchases of older, long-term bonds triggered dollar devaluation concerns, causing gold prices to rise by more than 5% last week. Wong added, "The market is waiting for Warshs speech to gain a clearer understanding of how the Fed will respond to the current economic situation. If he doesnt provide specific forward-looking monetary policy guidance, then the markets current pricing in interest rate hikes is likely to remain largely unchanged." Geopolitically, the Qatari Prime Minister will visit Tehran to resume diplomatic mediation. The US and Iran have previously exchanged accusations, with the focus of the dispute being Washingtons commitment to increase economic pressure on Tehran through sanctions against Irans trading partners.

Costco Must Fight "Dolphin-safe" Tuna Claims in Court

Aria Thomas

Jan 18, 2023 11:13

3.png



A U.S. judge ruled on Tuesday that Costco Wholesale Corporation (NASDAQ:COST) must face a lawsuit alleging that the corporation falsely sells and labels its canned tuna as "dolphin safe" despite employing fishing techniques that hurt and kill dolphins.


U.S. District Judge William Orrick found in San Francisco that the plaintiff in the proposed worldwide class action asserted that Costco fraudulently pledged to adhere to a higher dolphin-safety standard than was needed by federal law, and then breached its "heightened promise."


Plaintiff Melinda Wright asserted that Costco violated California consumer protection laws by claiming that its tuna was captured using "100% Monofilament Leaders & Circle Hooks," a practice she thought harmful for dolphins, and was "100% Traceable from Sea to Shelf," a claim she judged unreliable.


Costco requested firing. The retailer, situated in Issaquah, Washington, maintained that Wright only hypothesized about the risk to dolphins caused by the tuna she purchased, and that it provided no guarantees about dolphin safety beyond the usage of a "dolphin safe" emblem.


The judge stated, however, that reasonable consumers would infer from Costco's logo and statements about seafood sourcing that the company's fishing practices encouraged "protection and respect" for marine life with minimum adverse environmental impacts based on Costco's emblem and remarks.


According to him, when given the option, consumers "overwhelmingly" prefer dolphin-safe-labeled tuna.


Costco has no immediate comment. Attorneys for Wright did not reply to demands for comment immediately. Orrick did not rule on the case's merits.


Wright stated that she paid $15 for eight cans of Kirkland Signature White Albacore Tuna in Water in 2021 at a Costco in Ukiah, California, but would not have done so or would have paid less if she had realized Costco's claims were untrue.


Wright v. Costco Wholesale Corp, case number 22-04343, Northern District of California, U.S. District Court.

Suggestion