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Iraqi Prime Minister: We will work to ease tensions and promote closer ties and reconciliation between the United States and Iraq.Israeli Defense Minister: We are ready to launch a third strike against Iran.Israeli Prime Minister Benjamin Netanyahu: The Iranian regime has suffered a major blow, and our policy is very clear—Iran will not possess nuclear weapons, with or without an agreement.Israeli Defense Minister: We are ready to launch an attack on Iran to eliminate the threat.1. According to the Financial Times: US regulators will block the CME Group from accelerating its application to list 24-hour oil contracts, citing concerns that the energy market is not yet ready to handle a large influx of all-day derivatives. 2. According to the Iranian Students News Agency, Pakistani government sources say that Pakistan and Qatar have established new channels of contact with the US and Iran, aiming to halt military operations and push both sides back into the negotiation process based on the Islamabad Memorandum of Understanding. 3. According to Israels i24 News: Two Israeli sources revealed that Iran currently has no intention of involving Israel in the escalation of the regional situation. 4. According to Mysteel, this week the national average profit per ton of coke for independent coking plants was 49 yuan/ton; the average profit for first-grade coke in Shanxi was 72 yuan/ton, in Shandong it was 75 yuan/ton, in Inner Mongolia it was 55 yuan/ton, and in Hebei it was 95 yuan/ton. 5. The USDAs net export sales report shows that for the week ending July 2, U.S. soybean net export sales for the 2025/2026 marketing year totaled 54,000 tons, at the lower end of the market expectation range of 50,000-500,000 tons, compared to 42,000 tons the previous week. 6. Data released by the U.S. Department of Agriculture (USDA) shows that private exporters reported sales of 136,000 tons of soybeans to China and 120,000 tons to unknown destinations. 7. According to USDA agricultural drought monitoring data, as of July 7, 2026, the drought rate in U.S. soybean producing areas was 19%, unchanged from the previous week and up 10% from the same period last year. 8. According to Mysteel statistics, as of July 9, the spot inventory of lithium ore of 32 sample lithium ore traders was 99,000 tons, a decrease of 4,000 tons from the previous week, of which 57,000 tons were available for sale, an increase of 1,000 tons from the previous week. 9. As of July 9, methanol inventory at East China ports was 199,400 tons, down 32,700 tons from 232,100 tons on July 2. 10. According to Chilean customs export data, Chiles total lithium carbonate exports in June 2026 reached 21,600 tons, up 12.75% month-on-month and 47.56% year-on-year. Of this, 15,095 tons were exported to China, up 10.98% month-on-month and 47.61% year-on-year. 11. EIA Natural Gas Report: As of the week ending July 3, total U.S. natural gas inventories were 2.983 trillion cubic feet, up 61 billion cubic feet from the previous week but down 15 billion cubic feet from the same period last year.

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.