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The EU says the latest funding for Ukraine will be used for drones, missiles, air defense systems and fighter jets.On July 30th, according to the China Automotive Standardization Institute, on July 29th, 2026, the National Automotive Standardization Technical Committees Intelligent Connected Vehicle Subcommittee (SAC/TC114/SC34) and the German Association of the Automotive Industry (VDA) organized the "First Meeting of the Sino-German Working Group on Intelligent Connected Vehicle Standards and Specifications in Beijing." Against the backdrop of Sino-German cooperation in intelligent connected vehicles, delegations from both sides exchanged and discussed the progress of research and implementation experience in Sino-German intelligent connected vehicle standards and regulations, and launched a joint Sino-German research project. Experts from the China Automotive Technology and Research Center (CATARC), Equipment Center, BMW, TÜV Rheinland, and Bosch exchanged information on various topics, including the progress of Chinas intelligent connected vehicle access pilot programs, the European DCAS framework, the application guidelines for combined driving assistance safety requirements, the implementation of EU automotive data regulations, parking-related standard planning and progress, and global regulatory adaptation and best practices. They also launched a joint Sino-German research project on the standardization needs of cross-border automotive data circulation.On July 30th, China Securities Index Co., Ltd. announced that it will officially launch the CSI Hong Kong Stock Connect Semiconductor Industry Index, CSI Hong Kong Semiconductor Industry Index, CSI Hong Kong Stock Connect New Energy Index, and CSI Hong Kong New Energy Index on July 31, 2026, providing the market with a wider range of investment targets. The CSI Hong Kong Stock Connect Semiconductor Industry Index and the CSI Hong Kong Semiconductor Industry Index will each select 30 listed companies with businesses related to the semiconductor industry from the Hong Kong Stock Connect and Hong Kong stock markets, respectively, to reflect the overall performance of these listed companies. Similarly, the CSI Hong Kong Stock Connect New Energy Index and the CSI Hong Kong New Energy Index will each select 30 listed companies with businesses related to upstream resources, production, storage, and applications of new energy from the Hong Kong Stock Connect and Hong Kong stock markets, respectively, to reflect the overall performance of these listed companies.Market news: Sources say shipping data shows that an oil tanker that was originally scheduled to load cargo at CPC terminal is now sailing away from the Black Sea.July 30th - Preliminary data released by Italy on Thursday showed that the economy grew by 0.2% in the second quarter compared to the first three months, slightly exceeding market expectations and providing support for the economic outlook for this year. The Italian National Institute of Statistics (ISTAT) stated that Italys GDP grew by 1.0% year-on-year in the April-June period, also significantly higher than market expectations. Economists had previously predicted GDP growth of 0.1% quarter-on-quarter and 0.7% year-on-year. The data indicates that despite a sharp rise in energy costs due to the conflict with Iran, the Italian economy performed better than market expectations. ISTAT stated that the second-quarter quarter-on-quarter growth was mainly due to a positive contribution from domestic demand, the increase of which was sufficient to offset the drag on economic growth caused by trade. The ISTAT did not release specific data for each component in the preliminary figures, but indicated that the service sector grew, while industry and agriculture both contracted.

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.