India’s Tata Group is reportedly looking to roll out a ‘super-app’ that will pit it against rivals, including Amazon AMZN, + 0.09% and billionaire Mukesh Ambani-controlled Reliance Industries, in one of the fastest growing e-commerce markets in the world. The new digital platform, which will launch in India in December …
Read More »Large investment firm dumps Exxon, Chevron and Rio Tinto on stock Environment
A Nordic hedge fund worth more than $ 90 billion (£ 68.6bn) has its shares in some of the world’s largest oil companies and miners responsible for lobbying against climate action. Storebrand, a Norwegian asset manager, split from miner Rio Tinto, as well as US oil giants ExxonMobil and Chevron …
Read More »Rio Tinto blew up old caves. Here’s the reason why the CEO is docked millions
Rio Tinto CEO Jean-Sébastien Jacques attended an annual general meeting in Perth, Australia on May 9, 2019. Jacques will lose about $ 3.5 million in bonuses due to the destruction in May of Australian inland holy sites, the mining company said on August 24, 2020. Will Russell / Associated Press …
Read More »Peter Thiel-backed Driverless Car Startup Luminar to go public in $ 3.4B merger
Rio Tinto cuts bonuses after destruction of Aboriginal caves
In a report published Monday on the destruction of the Juukan Gorge caves in Western Australia in May, the company said it had failed to meet some of its own standards “regarding the responsible management and protection of cultural heritage”. . “ But Rio Tinto stopped short of firing all …
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