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The Texas-based oil-services company Baker Hughes pled guilty on April 26 in a U.S. federal court to violating U.S. antibribery provisions, and agreed to pay a fine of $44 million. Read More

Prince Bandar bin Sultan, a member of Saudi Arabia's royal family and the kingdom's former ambassador to the United States, pocketed about $2 billion in secret payments as part of a $80 billion arms deal between Britain and Saudi Arabia first signed in 1985, British media reported Thursday. Read More

Oil majors Shell, BP and ExxonMobil dominated todays World Summit Greenwash Academy Awards, beating Biotech giants Monsanto, Novartis and Aventis in a glittering award ceremony in Johannesburg. Local South African underdog Sasol edged out Eskom for Best Picture. Read More

The experience of São Tomé, a poor country that supports itself by selling cocoa and commemorative stamps featuring celebrities like Elvis Presley and Brigitte Bardot, shows how just the hint of oil can set off a scramble for riches. Read More

The former chief of the Internet unit at Enron has been sentenced to 27 months in prison for helping mislead investors in the fraud that sent Enron, the world's largest energy trader, into bankruptcy. Read More

An unfolding national scandal on the large-scale abuse of child labourers in the brick kiln industry raises questions on the adequacy of planned labour laws that are supposed to take on sweatshops and protect workers' rights. Read More

Conrad M. Black, the gregarious press tycoon also known as Lord Black of Crossharbour, was found guilty today by a Chicago jury of three counts of mail fraud and one count of obstruction of justice. He could face up to 35 years in prison. Read More

An Oxford economist has a new and potentially powerful idea: setting up an voluntary international charter to guide transparency efforts in resource-rich developing countries, in order to stave of corruption. Read More