Japan Signals Possible Yen Intervention as Currency Weakens Despite BOJ Rate Hike 
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage 
UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown 
Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts 
Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays 
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift 
Russia Stocks End Flat as Energy Shares Support MOEX Index 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Oil Prices Ease in Asia as Geopolitical Risks Clash With Weak Demand Outlook 
China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Yen Slides as BOJ Caution Undercuts Rate Hike Impact 
Amazon Inc. will be conducting an independent racial equity audit, and this will be led by former US attorney general Loretta Lynch. She will be probing the “disparate racial impacts” in the company’s workforce.
As per CNBC, Amazon is carrying out this probe as it faces strong pressure from its shareholders. The e-commerce giant officially joins other American companies such as Tyson Foods and Citigroup Inc. with its agreement to the said audit.
It was explained that this type of audit is an examination of companies to determine if their businesses caused and allowed discrimination in the workplace to continue. Former attorney general Lynch who is also a partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP law firm, will be handling the investigation, as announced by Amazon late last week.
The racial equity audit at Amazon will be done on hourly workers. The decision for the probe comes after the company’s stakeholders urged the management to be more transparent on how its policies affect equity, diversity, and workplace inclusion in the office.
Moreover, in the recent securities filing, Amazon stated that its independent probe will assess “any disparate racial impacts on our nearly one million U.S. hourly employees resulting from our policies, programs, and practices.”
Jeff Bezos’ company also promised to share the results of the audit with the public. However, it did not mention any expected date for the completion of the probe. The shareholders have been urging Amazon to launch a racial inequities review for a while now and finally, the management has granted the request.
“Amazon has taken some measures to address racial justice and equity, including committing financial resources and publishing workforce diversity data,” part of the shareholder proposal for the audit reads. “However, Amazon faces controversies, some significant, that pose various risks and raise questions related to the company’s overall strategy and the company’s alignment with its public statements.”
The Financial Times reported that Amazon’s audit will not include its subsidiaries such as Whole Foods. Finally, the racial equity probe stemmed from the call for major companies to act on the issues regarding civil rights in the wake of George Floyd’s murder in 2020.
