🌏 South Korea spares parts

Plus: Starbucks has to face union-busting
Activists gather during a rally marking the one year anniversary of Russia's invasion of Ukraine on February 25, 2023 in Seoul, South Korea.
Activists gather during a rally marking the one year anniversary of Russia's invasion of Ukraine on February 25, 2023 in Seoul, South Korea.
Photo: Chung Sung-Jun (Getty Images)

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Here’s what you need to know

South Korea exported weapon parts to Poland that ended up in Ukraine. The admission comes despite a policy that prohibits sending military aid to countries engaged in armed conflict.

Adidas posted a big loss in the fourth quarter. The sportswear brand reported an operating loss of €724 million ($763 million) as it struggles from its split with Ye.

Protests in Georgia raged for a second day. Thousands have taken to the streets in Tbilisi to condemn the government’s backing of a bill critics say will limit free speech.

BMW will invest £500 million ($592 million) in the UK. The German automaker plans to move most of the production of its MINI range to a plant in Oxford.

What to watch for

Vermont senator Bernie Sanders is finally getting a chance to grill Starbucks CEO Howard Schultz on union-busting.

The coffee chain founder would have preferred to put this sticky situation on ice. He initially declined an invitation to appear before the US Senate Health, Education, Labor, and Pensions Committee at a hearing scheduled for today (March 9). Sanders didn’t accept no for an answer, and threatened to subpoena Schultz, whose attendance is now confirmed for March 29.

Before then, another union-related battle is brewing on Schultz’s horizon. There will be a shareholders’ proposal to conduct an independent workers rights assessment, set for Starbucks’ annual meeting on March 23.

More women are joining boards, but not everywhere

Image for article titled 🌏 South Korea spares parts
Graphic: Clarisa Diaz

The pandemic had a deep impact on women in the workforce around the world. But as Clarisa Diaz reports for Quartz, the number of women serving on boards is recovering globally—just not in the world’s largest economy.

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Correction: This email was updated to reflect that Sanders threatened to subpoena Schulz.