HSBC spinoff: Bank’s top execs face tense shareholders in Hong Kong calling for a breakup

Hong Kong CNN  —  HSBC’s top brass defended their strategy Monday to frustrated shareholders in the lender’s largest market, as Europe’s biggest bank continued to face calls to be split up. At an informal shareholder meeting in Hong Kong, Chairman Mark Tucker and CEO Noel Quinn took questions from investors on issues ranging from how…

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The $500 billion beauty industry’s ‘green’ ambitions are a patchwork at best. And they’re falling short

CNN  —  The escalating climate crisis is shifting many people’s purchasing patterns and this extends to the $500 billion dollar global beauty industry which is grappling with a range of sustainability challenges across product manufacturing, packaging and disposal. Strategy and consulting firm Simon Kucher’s Global Sustainability Study 2021 found 60% of consumers around the world…

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Snap AI chatbot investigation set in UK over teen-privacy concerns

The Snapchat application on a smartphone arranged in Saint Thomas, Virgin Islands, Jan. 29, 2021. Gabby Jones | Bloomberg | Getty Images Snap is under investigation in the U.K. over potential privacy risks associated with the company’s generative artificial intelligence chatbot.  The Information Commissioner’s Office (ICO), the country’s data protection regulator, issued a preliminary enforcement…

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