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The Kremlin stated that US President Trumps position on Ukraine is quite consistent.According to Hong Kong Stock Exchange filings, Tencent Holdings (00700.HK) repurchased 465,000 shares on July 6 for HK$204.8 million.Barclays lowered its price target for PepsiCo (PEP.O) from $158 to $144.On July 6th, Yuexiu Property (00123.HK) announced that in June 2026, the company achieved contracted sales (including contracted sales from joint ventures and associates) of approximately RMB13.492 billion, representing a year-on-year increase of approximately 24.9%, and contracted sales area of approximately 489,200 square meters, representing a year-on-year increase of approximately 67.0%. From January to June 2026, the companys cumulative contracted sales (including contracted sales from joint ventures and associates) amounted to approximately RMB50.506 billion, representing a year-on-year decrease of approximately 17.9%, and cumulative contracted sales area was approximately 1,698,700 square meters, representing a year-on-year increase of approximately 16.2%.On July 6th, the Price, Cost and Certification Center held an opening meeting for its research project, "Technological and Economic Research on Virtual Power Plants Participating in Power System Regulation," on June 24th. The research team introduced its research approach, focusing on the pathways, construction and operation costs, and cost mitigation mechanisms for virtual power plants participating in power system regulation. Experts from the China Society for Economic System Reform, North China Electric Power University, and China Southern Power Grid Co., Ltd. exchanged views and offered suggestions with the research team. The meeting was chaired by Cheng Gang, Deputy Director of the Center, and attended by relevant personnel from the School of Control Science and Engineering and the School of Electrical Engineering of Zhejiang University, as well as relevant personnel from the Centers New Energy Price and Cost Department.

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.


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