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Patagonia must remain competitive for climate donation to work: CEO

Signage for the Patagonia store on Greene Street is seen on September 14, 2022 in New York City. Yvon Chouinard, founder of Patagonia, his spouse and two grown children announced that they will give away the property of their company, which is worth about 3 billion dollars. The company’s private shares will now be owned …

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Big companies are clamoring for ESG credentials. Scrutiny is on the rise

As the 2020s progress, discussions of climate change, the environment and issues related to equality and diversity are at the forefront of many people’s minds. The corporate world is no exception, with banks, energy producers and a host of other large companies keen to proclaim their sustainability credentials through adverts, pledges, social media campaigns and …

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European companies are rethinking their plans for a “closed” China.

Germany’s foreign direct investment in China grew by around 30% in the first eight months of the year from a year ago, China’s Ministry of Commerce said on Monday. Vcg | China Visual Group | Getty Images BEIJING – European companies in China are reassessing their market plans after this year’s Covid controls further isolate …

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China’s tourism receipts were below pre-Covid 2019 levels amid lockdowns

Domestic tourism receipts for the long weekend ending Monday reached 28.68 billion yuan ($4.16 billion), just 60.6 percent of pre-pandemic levels in 2019, according to the Ministry of Culture and Tourism from China Pictured are visitors to the Nantong Green Expo Intercontinental Park in Jiangsu Province on September 11, 2022. Vcg | China Visual Group …

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Inflation report could show CPI moderation as gas and travel costs fall

A customer buys eggs at a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images Inflation is still very hot, but is expected to have moderated in August as gas prices fell, supply chains improved and the cost of travel fell. The consumer price index is released at 8:30 …

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Goldman’s ( GS ) Apple Card business has a surprising subprime problem

America’s weakest borrowers are starting to miss payments and default on their loans, and it’s showing up in a surprising place: Goldman Sachs. While competitors such as Bank of America are enjoying delinquency rates at or near record levels, Goldman’s loss rate on credit card loans reached 2.93% in the second quarter. That’s the worst …

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Democrats tout business investments from Intel, AT&T

Democratic U.S. Senate candidate Mark Kelly speaks at an election watch party in Tucson, Arizona, U.S., on November 3, 2020. Cheney Orr | Reuters Democrats are touting new partnerships with corporate America in an effort to convince voters they can deliver jobs and safeguard the economy ahead of midterm elections. Many of the investments the …

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Omicron Covid booster shots should better protect against serious infections and illnesses

US health officials hope the new omicron boosters will provide better protection against infection and serious illness this fall because the new shots now match the dominant variant of the coronavirus. The new omicron traits mark a milestone in the pandemic that will help the United States fight the virus more effectively, said White House …

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