Tag: business current events

Business is starting to think more about ROI than DEIBusiness is starting to think more about ROI than DEI

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter. Several days ago, over the Martin Luther King Jr holiday weekend in the US, the big four accounting firm PwC announced that it would be dropping some of its diversity targets in the US. Race-based criteria would no longer be used for awarding scholarships or places on an internship program. It was odd timing for the announcement, perhaps, but it reflected a broader American trend. Since the Supreme Court’s decision last June to reverse affirmative action, many companies are rethinking…

Elon Musk in China to discuss enabling Full Self DrivingElon Musk in China to discuss enabling Full Self Driving

Elon Musk is visiting Beijing with media reports saying he aims to discuss enabling autonomous driving mode on Tesla cars in China. Mr Musk wants to enable Full Self Driving (FSD) in China and transfer data collected in the country abroad to train its algorithms. FSD is available in countries including the US but not in China. The news came after a US report tied Tesla’s autonomous driving modes to at least 13 crashes, involving one death. During a meeting with Chinese Premier Li Qiang, Mr Musk was quoted by state media as saying Tesla was willing to deepen cooperation…

Mozambique-China rosewood trade: The illicit business fuels an insurgencyMozambique-China rosewood trade: The illicit business fuels an insurgency

Forests with valuable trees – not just rosewood – are divided up into chunks, or concessions. Anyone who wants to log these areas must pay a fee to the authorities. These are typically licensed to a Mozambican national – the middleman – and rented out to Chinese logging firms. Trading sources who did not want to be named estimate that 30% of the timber logged in Cabo Delgado is at high risk of coming from emergency-occupied forests. There are thought to be three main forested areas in Cabo Delgado where logging and timber sales take place: Nairoto; Muidumbe and Mueda,…