On Wednesday, Yvon Chouinard, who started the clothing company Patagonia, announced that he was giving the company away. Mr. Chouinard and his family have turned over the $3 billion company to an organization that will work to fight climate change.
Posts tagged as “business”
The world is facing a "supply chain" crisis. There are shortages of all kinds of products. And the problem is growing because the materials needed to make new products are either in short supply, or can't be moved to the places that need them.
Many large clothing companies are facing a tough choice in China - do they lose Chinese business by speaking out about the way China is treating people? Or do they remain quiet so that they can keep selling in China?
The coronavirus pandemic has been hard on most businesses, but airlines have been hit harder than most. Many airlines have been forced to shut down. Those that remain in business are having to get creative.
In today's news roundup, the Wuhan coronavirus continues to spread, affecting people and businesses, Mumbai police get creative to stop drivers from honking, and an artist causes traffic jams with a little red wagon and 99 cell phones.
In today's news roundup, fire fighters battle horrible bushfires in Australia, Berlin celebrates 30 years since the city's dividing wall began to come down, and a student is given permission to keep selling doughnuts.
Thomas Cook, a travel company that ran tours and had its own airline and hotels, has suddenly gone out of business, leaving around 600,000 tourists with no way to get home.
Huge amounts of Brazil's unique rainforest are being destroyed quickly under the country's new president, Jair Bolsonaro. Since he became president in January, more forest is being cut down and less is being done about it.
NASA has announced that it will let businesses pay to use the International Space Station. The move will allow companies to do the kind of space research that used to be limited to the government.
President Trump has begun a "trade war" with China by taxing things they sell to the US. Mr. Trump thinks it will help the US, but experts say it could hurt everyone.