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On May 25, World Health Organization Director-General Tedros Adhanom Ghebreyesus posted on the social media platform X on the 24th that as the monitoring and control of Ebola in the Democratic Republic of Congo intensifies, the country has now identified more than 900 suspected cases, of which 101 have been confirmed through subsequent testing.On May 25th, Alibaba DAMO Academys XuanTie team announced on its official Weibo account that its 9-series high-performance processors have completed adaptation to the Android 16 operating system and have released the XuanTie Android platform to strategic customers. As the worlds first RVA23-compatible RISC-V processor to successfully run the latest version of Android, the XuanTie 9-series represents a breakthrough, marking a new stage in RISC-Vs integration into the Android ecosystem, moving from functional porting to standardized compatibility and product delivery, laying a technological foundation for large-scale commercial deployment. Currently, the XuanTie Android platform is open to the first batch of XuanTie strategic customers, accelerating the exploration of new RISC-V smart terminal scenarios and significantly shortening the cycle from chip prototype to product launch.May 25th - According to Malaysian police, a serious safety accident occurred on an oil drilling platform off the coast of Terengganu, Malaysia, at noon on the 24th. Four workers were conducting maintenance on the bottom of the platform in an enclosed lifeboat when the lifeboats rope suddenly broke. The accident has resulted in three deaths and one serious injury. Petronas, Malaysias national oil company, is actively cooperating with relevant authorities in a full investigation into the cause of the accident.On May 25th, Eamonn Sheridan, an analyst at the US financial website InvestingLive, pointed out that the minutes of the Federal Reserves April meeting showed a significant shift in the Feds stance. Previous statements emphasizing a "flexible and rapid" response to economic data have been replaced by new wording: persistently high inflation, coupled with the uncertainty surrounding the economic impact of the ongoing conflict in Iran, may mean that policy needs to remain paused for a longer period than previously expected. The inflation situation facing new Chairman Warsh is not simply an energy issue. Officials pointed out that high fuel costs are gradually being passed on to shipping rates, airfares, and fertilizer costs, spreading inflationary pressures to a wider range of areas. This transmission effect makes inflation less likely to be seen as a temporary factor, and gives hawkish officials a more sustainable basis for advocating for maintaining high interest rates or even raising them. The market currently expects that if inflation fails to subside, the Fed may resume raising interest rates by the end of 2026 or early 2027. Warsh himself favors rate cuts, but this stance creates a potential conflict with a committee that is clearly becoming more hawkish; as Warshs leadership style gradually emerges, this dynamic could exacerbate volatility in communication within the FOMC.The yield on Japans 30-year government bonds fell 5.5 basis points to 3.955%.

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.