HSBC is the first big bank to commit to going carbon neutral as it seeks to reduce its environmental impact.
Starting in 2005, it will plant trees, reduce energy use, buy green electricity and trade carbon credits to cut carbon dioxode flows.
HSBC chief executive Stephen Green said: “In 2003, HSBC’s CO2 emissions
Troubled engineering giant Halliburton has won a US court order approving the settlement of asbestos claims by the end of the month.
Halliburton, once run by US Vice President Dick Cheney, agreed a $4.2bn (£2
The Office of Fair Trading (OFT) has referred Apple’s iTunes service to the European Commission on grounds that it overcharges UK customers.
The move follows a complaint from Which? that iTunes charges UK users 20% more than those in France and Germany.
Which?, formerly the Consumer Association, also complained that the UK customers were barred from logging on to the French and German sites
Four executives of German microchip giant Infineon Technologies have pleaded guilty to price-fixing, the US Justice Department has said.
The three Germans and an American will each pay a fine of $250,000 (£129,000) and serve a prison term of up to six months. Infineon agreed in September to pay a fine of $160m after pleading guilty to one count of price-fixing
Manpower and Vedior, the world’s second and third-largest staffing firms, are being investigated in France for alleged competition law infringement.
A spokeswoman for Manpower said the US firm was unsure what it was alleged to have done wrong, but was co-operating with French authorities.
Dutch company Vedior said it could not fully comment until investigations were completed
Manpower and Vedior, the world’s second and third-largest staffing firms, are being investigated in France for alleged competition law infringement.
A spokeswoman for Manpower said the US firm was unsure what it was alleged to have done wrong, but was co-operating with French authorities.
Dutch company Vedior said it could not fully comment until investigations were completed
Nigeria’s senate is to consider sanctions against a unit of Dutch and UK oil company Shell for failing to pay a $1.5bn (£775m) pollution penalty.
The firm had been told to make the payment by 23 November for alleged environmental damage caused by oil spillage in the Niger Delta region
A US government auditor has backed a Pentagon recommendation to withhold payments to controversial US giant Halliburton over its work in Iraq.
Stuart Bowen, who is reviewing US spending in Iraq, says he supports proposals for the army to hold back 15% of monthly payments on future invoices. It follows a dispute over bills which officials say lack proper records
United Kingdom water group AWG is back into profit but still plans to cut jobs after its plan to increase charges next year was thwarted by industry regulator Ofwat.
Huntingdon, England based AWG posted profits of £33.9m for the six months to 30 September against losses of £46
Germany’s largest telecoms company, Deutsche Telekom, was in the dock on Tuesday as investors claimed it misled them during the internet boom.The judge seemed to agree it had valued its properties inappropriately, but rejected some other parts of the case.
The telecoms giant faces lawsuits from 2,100 shareholders who are demanding a total of 100m euros (£70m; $130m) in damages