Unilever has today announced their new Global Foundation, a new partnership with five global organisations which was launched at the World Economic Forum in Davos. To help achieve the Foundation’s goal of helping more than one billion people improve their health and well-being Unilever has formed partnerships with Oxfam, PSI, Save the Children, UNICEF and the World Food Programme. “We aim to double the size of our business while reducing our environmental impact and deliver increased social value” said Keith Weed, Communications Officer at Unilever.
BP must cover some Transocean liabilities for oil spill
BP must cover some but not all of oil rig owner Transocean’s liabilities for the 2010 oil spill in the Gulf of Mexico, a United States judge has ruled. District Judge Carl Barbier said that Transocean was shielded by its contract with BP from having to pay many pollution claims. A trial on damages from the oil spill will begin next month. The trial, which will also involve oil services firm Halliburton, is expected to apportion blame and quantify damages arising from the incident. BP said that the ruling made it clear that contractors would be held accountable for their actions.
Davos 2012: Gates calls on G20 not to ignore the hungry
Speaking on a discussion panel at the Davos 2012 World Economic Forum, Bill Gates, the billionaire founder of Microsoft turned philanthropist, said policymakers must not let the financial crisis distract them from work to improve food security. He urged the G20 to keep world hunger on the agenda despite the financial crisis, as he pledged $750 million (£478 million) to the Global Fund, which aids, tuberculosis and malaria.
Royal Bank of Scotland has sought to defuse mounting political and public pressure in awarding chief executive Stephen Hester a bonus of just under £1 million, less than half the amount he received for 2010.The controversy over the size of Mr Hester’s payout had reached a head in recent weeks, as the state-owned bank announced plans to slash more than 4,000 jobs and shut down large chunks of its investment banking business following dismal results.
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