Property, Tourism & Transportation
Takata, the Japanese auto parts maker, will pay a $1 billion fine to the U.S. government after pleading guilty to hiding information about the likelihood that the company’s car air bags could accidentally explode. Takata air bags have been linked to at least 17 deaths around the world.
Media attending the Olympic Games in Rio de Janeiro are being housed in apartments constructed by workers "in conditions analogous to slavery" by Cyrela, the largest real estate company in Brazil. The local community has also complained that the construction has ruined the water supply and destroyed forested areas.
Indigenous protesters from northwestern Venezuela marched Friday through the streets of Caracas, which is hosting the sixth World Social Forum (WSF), to protest plans for mining coal on their land.
West Coast Dockers negotiate a contract despite federal intervention on the side of business. But the Bush administration has fired a warning shot at labor.
A major Dutch arms manufacturer's bankruptcy revealed a secret deal to supply weapons to General Augusto Pinochet of Chile. The man behind the scheme is now a tax exile who appears to be immune from charges of bribery or tax evasion.
Rio Tinto has been named as early front-runner for the Greenwash Gold award for the worst Olympic sponsor, with BP in second place and Dow Chemical third. The three corporations have paid millions to stick their names all over Olympic promotional material and activities.
The sale of the Serbian brewery, Beogradska Industrija Piva, seen by some as a key step in economic reform, is being fought by the family that lost the firm when it was seized by communists.