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Switzerland votes against boosting business liability for rights abuses abroad

Switzerland votes against boosting business liability for rights abuses abroad

A vote on whether Swiss companies like NestlĂ© and Glencore should face greater liability at home for human rights and environmental abuses committed abroad is set to fail after a divisive campaign. While provisional results from the government Sunday showed that more than 50% of voters approved of the Responsible Business Initiative, it did not…MORE

Biden administration prepares to inherit controversial Trump immigration policies

Biden administration prepares to inherit controversial Trump immigration policies

When President-elect Joe Biden comes into office, he will inherit the Trump administration’s restrictionist immigration agenda, which cut access to asylum and has kept migrants in limbo in Mexico while they await humanitarian protection in the US. Biden has promised swift change, but it won’t be simple. “They’re realizing that they have two months to…MORE

The time Janet Yellen threw the book at Wells Fargo

The time Janet Yellen threw the book at Wells Fargo

The night before Janet Yellen stepped down as Federal Reserve chair in February 2018, she shocked Wall Street by delivering a crushing blow to America’s most messed-up bank. In its final official act, the Yellen-led Fed imposed unprecedented growth restrictions on Wells Fargo — tough penalties that the scandal-ridden bank has never recovered from. Yellen’s…MORE

What are companies responsible for? Swiss voters are about to weigh in

What are companies responsible for? Swiss voters are about to weigh in

Imagine the foreign subsidiary of a Swiss multinational corporation has been accused of human rights or environmental abuses abroad. Should the parent company be exposed to legal action in Switzerland? That’s the very important question that Swiss voters are deciding Sunday in a divisive referendum that could have far-reaching consequences for firms like NestlĂ© and…MORE

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