Samsung rejects child labour claims
Samsung Electronics has rejected allegations of child labour at suppliers in China, after three French rights groups filed a lawsuit accusing it of deceiving consumers by claiming to be an “ethical” company. Last year China Labor Watch, a New York-based group, published a series of reports claiming violations including the use of underage workers at two of Samsung’s Chinese suppliers. Samsung, the world’s biggest technology company by sales , denied the allegations of child labour, citing a “zero tolerance” policy.
German union calls for pay rise
The largest trade union in Europe wants workers in the German manufacturing sector to get a 5.5 per cent pay rise in 2013, the second year in a row that its 3.7m members can hope for an above-inflation settlement.
Amadeus books 35pc dividend rise
Resilient passenger numbers helped Amadeus, the Madrid-listed travel technology group, which controls a third of global airline bookings, record solid growth over the past year. The company increased its dividend payout 35 per cent after reporting steady increases in revenues and earnings.
Lobbyist says UK stifles drug trials
A leading US pharmaceuticals lobbyist has warned that Britain is frightening away investment in medical research by making it too difficult to get new drugs adopted by the NHS
AIA takes long-term bet on Asia
Asia is not for the faint-hearted and some Western companies will see their strategies fail, but the region still represents the biggest growth opportunity on the planet, according to Mark Tucker, the chief executive of AIA.
The Daily Telegraph
Larry Ellison buys airline for island
Tech billionaire Larry Ellison, who bought his own Hawaiian island last year, now has an airline to go with it. Regional carrier Island Air has been sold to a company owned by Ellison, co-founder and chief executive of business software firm Oracle.
Tories could finish third in Eastleigh
David Cameron is struggling to secure even second place in Thursday’s Eastleigh by-election after Nick Clegg declared on Wednesday night that the Liberal Democrats were “on the cusp of a great victory”.
THE WALL STREET JOURNAL
Slovenia ousts Prime Minister
Slovenia’s Prime Minister became the latest casualty of European public anger at austerity measures and alleged government corruption, as the recession-hit nation’s parliament ousted him in a no-confidence vote late last night.
Boeing at odds with battery firm
Boeing and the Japanese company that makes lithium-ion batteries for the company’s 787 Dreamliner are at odds over what should be included in the final package of fixes intended to get the jets back in the air.