Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Parents abused by their children often suffer in silence – specialist therapy is helping them find a voice 
Yes, government influences wages – but not just in the way you might think 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Trump Draws Cheers at Ryder Cup as U.S. Trails Europe After Opening Day 
How to support someone who is grieving: five research-backed strategies 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Champions League final 2025: a battle for glory against a backdrop of money and fashion 
Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Why have so few atrocities ever been recognised as genocide? 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Cambodia and Thailand face controversy over alleged unpaid wages following COVID-19 factory closures. Investors are seeking $2.2 million for 4,000 workers from two suppliers, turning the spotlight onto sportswear titan Nike ahead of its annual shareholder meeting.
This request from investors, which includes Dutch bank Triodos and pension fund PGGM, adds to the mounting pressure faced by sportswear giant Nike, especially in light of upcoming European Union regulations targeting the fashion industry.
On Tuesday, Nike's annual shareholder meeting is expected to face increasing scrutiny of its supply chain. It includes ongoing investigations by Canadian and U.S. government agencies.
In a letter dated September 7 addressed to Nike's CEO John Donahoe, the investors seek evidence of Nike's commitment to "future-proofing" its manufacturing processes. Kees Gootjes, business and human rights advisor for ABN AMRO, signed the letter on behalf of the Dutch bank. In a statement to Reuters, Nike refuted the allegations, stating that it ceased sourcing products from the Cambodian factory in 2006 and found no evidence of back pay owed to workers in Thailand.
Those advocating for compensation include Dutch bank Triodos and pension fund PGGM. Their concerns are based on a June report from the Washington, D.C.-based nonprofit Workers Rights Consortium (WRC), which claims that Violet Apparel, a Cambodian factory, dismissed 1,284 workers without proper compensation. The factory allegedly manufactured clothing for Nike until its closure in July 2020.
The WRC highlighted issues at another Nike supplier, Hong Seng Knitting in Thailand. It claims the factory withheld around $800,000 in furlough pay from over 3,000 mostly Burmese migrant workers during a pandemic-related slowdown in 2020.
Nike, however, maintains that all employees at Hong Seng Knitting were compensated by local law and its Code of Conduct, citing an independent third-party investigation and legal review.
Photo: FILMDUDES/Unsplash
