Starbucks Names New Head of Board

Coffee chain Starbucks named on Wednesday afternoon Vice Chair Mellody Hobson as the new head of the company’s board, making her the only African American woman to chair a Fortune 500 firm in the United States. Hobson takes over as non-executive chair from Myron Ullman, who will retire in March 2021.

Read more

Diamond Giant De Beers Plans to be Carbon Neutral by 2030

Diamond mining juggernaut De Beers announced on Tuesday afternoon it is planning to become carbon neutral in ten years and add to safeguards on the ethical sourcing of its diamonds, as companies across the industry make efforts to raise environmental and ethical standards.

Read more

Volvo Cars Will Terminate Dealer Agreements with Bilia

Swedish car dealership chain Bilia said on Tuesday morning it received notice of termination for its dealer agreements with Volvo Cars in Norway and Sweden. The company said that the termination, which has a notice period of two years, covers both Bilia’s car sales and services business for the Volvo models.

Read more

US Government Awards Transportation Contracts for Lyft and Uber

The US federal government awarded ride-hailing apps Uber and Lyft a federal contract worth up to $810 million in order to offer their services to public agencies and their more than 4 million employees and contractors across the United States.

Read more