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UK rules on goods from China's Xinjiang seen as soft on business

By Kieran Guilbert, Thomson Reuters Foundation 3 Min Read LONDON, Jan 12 (Thomson Reuters Foundation) - British measures to tackle forced labour in China’s Xinjiang region do not go far enough and are “a missed opportunity” to make companies clean up their operations, activists said on Tuesday. The government said it would introduce rules for businesses aimed at keeping goods from Xinjiang out of supply chains - from guidance on sourcing and a review of export controls to fines for firms ...
United Kingdom City Of Joanna Ewart James Sara Thornton Kieran Guilbert Chloe Cranston

U.S. Companies Revamp Bonus Plans as Pandemic Upends Forecasts

Jan. 11, 2021 5:30 am ET Companies are revising their plans for bonuses and other incentive compensation as the coronavirus pandemic upended financial forecasts and executives managed through a once-in-a-lifetime economic downturn. The pandemic has had a disparate effect on companies’ balance sheets, leading to soaring profits in some industries, such as online retail and groceries, and steep losses in others, for example hospitality and travel. Over a quarter of large U.S. business...
Carl Anderson Luke Sharrett Bloomberg Pearl Meyer Kristin Broughton Jeffrey Craig Jannice Koors
Source: wsj.com

Argentina soymeal manufacturers offer workers deal to end 2-week strike, union says not enough

2 Min Read BUENOS AIRES, Dec 23 (Reuters) - Soymeal manufacturers in Argentina presented late on Tuesday a proposal aimed at ending a two-week strike by oil and port workers unions that has thrown a wrench in the flow of agricultural exports from one of the world’s main bread baskets. Oilseed workers and grains inspectors are demanding pay increases big enough to compensate them for high inflation and the risk of working during the COVID-19 pandemic. Daniel Succi, an official with the Union o...
Buenos Aires Distrito Federal Dave Sherwood Bernadette Baum Daniel Succi Maximilian Heath

UPDATE 1-Argentina calls meeting to end grains ports strike

(Recasts with ministry confirmation of the meeting, adds strike and market context) BUENOS AIRES, Dec 25 (Reuters) - Argentina is moving to resolve a ports strike that has bogged down agricultural exports from one of the world’s main bread baskets by calling a meeting next week aimed at jumpstarting wage talks between oilseed workers and export companies. A labor ministry spokesman told Reuters on Friday that the government will sponsor the negotiation session this Tuesday. “In principal th...
United States Buenos Aires Distrito Federal Jorge Otaola Hugh Bronstein Sandra Maler

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Migrant workers suffer as coronavirus cases surge in Thailand

4 Min Read BANGKOK (Thomson Reuters Foundation) - Migrant workers in Thailand are struggling to find work and survive after coronavirus cases in the Southeast Asian nation reached record highs and employers imposed new restrictions, human rights groups said on Friday. In Samut Sakhon, a province south of Bangkok where the current outbreak began at a seafood market late last year, local charities say many migrant workers - especially those in the seafood and service sectors - are unable to work ...
Krung Thep Mahanakhon Samut Sakhon Suchat Pornchaiwiseskul Pakpoom Sawangkhum Nanchanok Wongsamuth Papop Siamhan

Six Norway oil and gas fields shut as strike escalates

4 Min Read OSLO (Reuters) - Six Norwegian offshore oil and gas fields were shut on Monday as more workers joined a strike over pay, companies and union officials said. FILE PHOTO: A general view of Equinors Johan Sverdrup oilfield platforms in the North Sea, Norway, December 3, 2019. REUTERS/Ints Kalnins The strike will cut Norway’s total output capacity by just over 330,000 barrels of oil equivalent per day, or about 8% of total production, according to the Norwegian Oil and Gas Association ...
United Kingdom City Of North Sea Oceans General Shadia Nasralla Wintershall Dea Vega

Argentina grain inspectors continue strike over weekend - union

Argentina's grain inspectors' union, Urgara, said on Thursday that its members will continue to strike over the weekend after failing to strike a wage deal despite two meetings with the Chamber of Private and Commercial Ports (CPPC).
Eliana Raszewski Aislinn Laing Thomson Reuters Trust Principles Commercial Ports Thomson Reuters Trust Agricultural Chemicals Trbc Level 4

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