NESTLE SAYS IT’S GOING GREEN

Nestle plans to invest 3.2 billion Swiss francs (2.67 billion pounds) over the next five years to progress towards its goal of net zero emissions by 2050, the world’s biggest food group said on Thursday. “We believe we have sufficient operational and structural cost-savings initiatives under way to provide the room for these investments,” Chief Executive Mark Schneider told reporters on a call. SOURCE: Reuters

GREEN LIGHT FOR gATEGROUP SALE ONE YEAR LATER

In December 2019, Lufthansa Group and gategroup concluded a purchase agreement for the European operations of LSG Group. This accounts for about one-third of LSG Group’s total business. gategroup now meets all requirements of the European Commission. Thus, the purchase agreement could now be executed, the so-called “Closing” has taken place. Both parties have agreed not to disclose the financial details of the transaction. SOURCE: aviation24.be

EUROPEAN START-UPS ARE MULTI-NATIONAL

Many European tech companies wouldn’t exist if they hadn’t tapped resources from different countries and cities. The typical European startup was started in London by Italian founders, relies on talent based in Bulgaria and Ukraine, raises funds in the US, and serves customers in several European countries and beyond. READ MORE: https://sifted.eu/articles/european-startup-remote-work/

PRESSURE BUILDS ON AMAZON

More than 400 lawmakers from 34 countries have signed a letter to Amazon.com Inc boss Jeff Bezos backing a campaign that claims the tech giant has “dodged and dismissed … debts to workers, societies, and the planet,” organisers said. The “Make Amazon Pay” campaign was launched on Nov. 27 – the annual Black Friday shopping bonanza – by a coalition of over 50 organisations, with demands including improvements to working conditions and full tax transparency. SOURCE: Reuters

FILE PHOTO: Reuters