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NGO Criticizes IMF, World Bank Labor Advice
August 24, 2017
The nongovernmental organization Bretton Woods Project has published an article warning that policy advice from the International Monetary Fund (IMF) and World Bank on loosening labor regulations and moderating minimum wage laws is inconsistent with the global labor rights agenda and will not contribute to employment or economic growth.
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US Pressures UN on Israeli Settlement "Blacklist"
August 23, 2017
The Washington Post reports that US diplomats are pushing the UN Office of the High Commissioner for Human Rights not to publish a database of companies allegedly operating in disputed territory claimed by Palestinians for a future state, asserting that disclosing such a list goes beyond the office's mandate and violates principles of due process.
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NGOs Call for Mandatory BHR "Due Diligence" in Germany
August 23, 2017
A group of global nongovernmental organizations has proposed legislation for Germany that would require companies to perform "due diligence" to monitor and remedy human rights impacts in their operations and their global supply chains, in line with the UN Guiding Principles on Business and Human Rights (BHR).
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Finance Companies Support EU Transaction Tax
August 23, 2017
A press release from Oxfam celebrates a letter from 52 finance professionals calling for a group of EU member states to impose a "small" tax - deemed a "Robin Hood Tax" by Oxfam - on financial transactions to raise "substantial revenue" for people "in urgent need" throughout Europe and elsewhere in the world.
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Environmentalists Criticize Australian Bank's Climate Statement
August 23, 2017
The Guardian reports that environmental activists have criticized Commonwealth Bank, the largest bank in Australia, for failing to include in its recent climate statement, committing to the 2015 Paris deal on global warming, sufficient specificity on how it will divest from fossil fuel assets and work toward achieving the agreement's objectives.
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