• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The U.S. National Hurricane Center reports that Karina is expected to weaken into a post-tropical storm tonight.U.S. Energy Secretary Wright: The diesel supply situation has been very serious.According to TASS, Russia says it has hit a Ukrainian cargo ship in the Black Sea.Market sources indicate that several senior British and European officials are participating in talks between Trumps special envoy and Ukrainian President Zelensky in Kyiv. British National Security Advisor Jonathan Powell is also involved, along with national security advisors from other European countries.1. Monday: ① Data: Germanys July seasonally adjusted industrial production month-on-month; UKs August Halifax seasonally adjusted house price index month-on-month; Switzerlands August seasonally adjusted unemployment rate; Eurozones September Sentix investor confidence index, Eurozones final Q2 GDP annual rate, Eurozones final Q2 seasonally adjusted employment quarter-on-quarter rate; Chinas August foreign exchange reserves. ② Holiday: US and Canadian stock markets are closed on Monday for Labor Day; gold, silver, and oil trading ends early. 2. Tuesday: ① Data: Japans July trade balance; Germanys July seasonally adjusted trade balance; Frances July trade balance; US August NFIB small business confidence index, US August New York Fed 1-year inflation expectations; Chinas August trade balance in US dollars, Chinas August trade balance. 3. Wednesday: ① Data: Chinas August CPI year-on-year; Frances July industrial production month-on-month; US ADP employment change week-on-week for the week ending August 22. 4. Thursday: ① Data: US 10-year Treasury auction (to September 9) - winning yield, US 10-year Treasury auction (to September 9) - bid-to-cover ratio, US API crude oil inventories for the week ending September 4; Germanys final August CPI month-on-month rate; Eurozone ECB deposit facility rate (to September 10), Eurozone ECB main refinancing rate (to September 10); US initial jobless claims for the week ending September 5, US August PPI year-on-year rate, US August PPI month-on-month rate, US August existing home sales (annualized), US July wholesale sales month-on-month rate, US EIA natural gas inventories for the week ending September 4; Chinas August M2 money supply year-on-year rate. ② Events: EIA releases monthly Short-Term Energy Outlook report; OPEC releases monthly oil market report; Apple holds fall product launch event with the theme "Shine New Chapter"; ECB President Lagarde delivers a speech at the Bundesbank official dinner; TSMC releases August 2026 revenue report; ECB President Lagarde holds monetary policy press conference [simultaneous interpretation]. 5. Friday: ① Data: US EIA crude oil inventories for the week ending September 4, US EIA Cushing, Oklahoma crude oil inventories for the week ending September 4, US EIA strategic petroleum reserves for the week ending September 4; UK July three-month GDP month-on-month rate, UK July manufacturing output month-on-month rate, UK July seasonally adjusted goods trade balance, UK July industrial production month-on-month rate; Swiss August consumer confidence index; US August unadjusted CPI year-on-year rate, US August seasonally adjusted CPI month-on-month rate, US August seasonally adjusted core CPI month-on-month rate, US August unadjusted core CPI year-on-year rate, US September one-year inflation rate expectations preliminary value, US September University of Michigan consumer sentiment index preliminary value. ② Events: A new round of domestic refined oil price adjustments will begin; IEA releases monthly oil market report. 6. Saturday: ① Data: US total number of oil rigs for the week ending September 11. ② Events: ECB President Lagarde delivers a speech.

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.