Source: Sharecast
Many chocolate lovers consider shrinkflation a serious crime – and they have been vindicated after a German court ruled that the makers of Milka cheated consumers by cutting the bar’s size, while keeping the wrapper the same. The three-week case in a regional court was brought by Hamburg’s consumer protection office. It accused the chocolate brand’s US owner Mondelēz of deceiving shoppers by cutting the weight of Milka’s classic Alpine Milk bar from 100g to 90g without significantly altering the distinctive purple packaging. – Guardian
Crispin Odey, the hedge fund manager, is believed to have settled a string of legal claims over allegations of sexual assault. Mr Odey had faced five personal injury claims brought against him by women who accused him of sexual assault. However, Mr Odey has settled four of the claims just weeks before they were set to be heard at a joint trial next month, according to the Financial Times. – Telegraph
Labour is to ban new oil and gas fields in Britain, making it far harder for any future government to reopen the North Sea. A legal prohibition on new drilling will be included in the energy independence bill, part of the raft of new legislation set out by the King in his speech opening Parliament on Wednesday. The bill will make Ed Miliband’s temporary moratorium on new drilling permanent, ensuring it would be far harder for a future government to reverse the ban. Labour also plans to legally ban onshore fracking. – Telegraph
Sam Altman, the chief executive of OpenAI, holds more than $2 billion in companies that have done business with the artificial intelligence firm, a court document showed. Altman faces claims of conflict of interest from state attorneys-general and Elon Musk, as well as a US congressional investigation. – The Times
One of Britain’s best-known stockpickers has ditched his entire holding in Unilever as he accused the company of succumbing to pressure from the activist investor Nelson Peltz. Terry Smith, who runs the £12.5 billion Fundsmith Equity Fund, said he had sold out of the London-listed consumer goods conglomerate because it “appears to have abandoned its promised operational focus in favour of activist-driven break-ups”. – The Times