Nippon Steel’s President, Hashimoto, Appointed CEO to Finalise US Steel Deal
On Friday, Nippon Steel announced that President Eiji Hashimoto will be appointed CEO and Chairman, continuing to lead the company as it strives to take over U.S. Steel.
Tesla sued for racial bigotry against black workers in US
The US Equal Employment Opportunity Commission (EEOC) has taken legal action against Tesla.
US Private Funds Industry Takes Legal Action against Securities Regulator over New Rules
In a recent development, the U.S. private funds industry has taken legal action against the Securities and Exchange Commission (SEC) regarding new regulations introduced in September 2023.
In response to conservative pushback against “woke capitalism,” McDonald’s is eliminating “ESG” from certain sections of their website
Amidst criticism from certain conservative policymakers in the US, McDonald's has quietly removed references to "ESG" (Environmental, Social, and Governance) from sections of its website.
U.S. accounting watchdog notes an increase in audit flaws
The Public Company Accounting Oversight Board (PCAOB) that regulates accounting practices in the US is not satisfied with the standard of audit work.
Rising ‘Anti-ESG’ Sentiment in the US Is Affecting Funds: HSBC
According to a survey by HSBC Holdings Plc, the reaction against investing strategies that take into account Environmental, Social, and Governance (ESG) issues is growing in the US and is having an impact on how managers feel about integrating such aspects into their funds.
House Republicans investigate BlackRock and Vanguard’s ESG practices
Jim Jordan, the chairman of the House Judiciary Committee, and two other House Republicans sent letters to major players in the financial sector, such as BlackRock Inc., Vanguard Group Inc., and State Street, warning that their efforts to tackle climate change may be in violation of US antitrust law
US antitrust regulators are considering a huge antitrust action against Amazon
According to reports, the Federal Trade Commission (FTC) intends to sue Amazon.com's core marketplace site for rewarding sellers on the internet that utilise its logistical services while penalising those that find other solutions.
