Tag Archives: sparking

(Bloomberg) — Palm oil slumped on prospects that top producer Indonesia’s surprise ban of cooking oil exports will not be strict as feared. Most Read from Bloomberg Indonesia will only halt exports of bulk and packaged RBD palm olein, a higher value product that has been processed. Exports of crude palm oil and RBD palm oil will still be allowed, according to people familiar with the matter. RBD olein accounts for 30% to 40% of Indonesia’s total palm oil exports. Benchmark futures… Source link

Jeff Bezos, Amazon’s founder. Alex Wong/Getty Images An Amazon worker on leave emailed Jeff Bezos to say she’d been underpaid, The New York Times said. A subsequent investigation found that Amazon was systematically underpaying some workers on leave. A spokesperson told The Times that Amazon was still identifying underpaid workers. An email sent to Jeff Bezos from an Amazon worker who was on leave triggered an internal investigation that exposed flaws with the company’s payroll system, The New… Source link

Soon after Amazon (AMZN) chairman and founder Jeff Bezos returned to Earth from space on Tuesday, the billionaire received sharp criticism from progressive Senator Elizabeth Warren (D-MA) contrasting the low tax bills paid by him and Amazon with those borne by everyday Americans who “keep this country running.” The criticism came in response to remarks made by Bezos thanking Amazon customers and employees whose purchases and work “paid for” the space expedition, which was carried out by… Source link

A striking satellite image shows the severity of the shipping traffic jam after a vessel blocked one of the world’s busiest shipping channels for trade linking Asia and Europe. The huge container ship, Ever Given, has blocked the Suez Canal like a “beached whale” and could take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday (local time) in a new setback for global trade. The man-made Suez Canal connects the Mediterranean Sea to the… Source link