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.
A new ski complex is being constructed in the environmentally sensitive Seven Lakes region of the snow-capped Rila mountains of south-western Bulgaria. Yet authorities have not been able to produce any planning permits nor have the investors produced any documentation of who is funding the construction.
Two global institutions - the United Nations and the Olympic Games - face charges that they are using "unaccountable and out of control" private security contractors. One of the companies at the heart of both controversies is G4S, a private security company in the UK.
Employees at mortgage giant Fannie Mae manipulated accounting so that executives could collect millions in bonuses as senior management deceived investors and stonewalled regulators at a company whose prestigious image was phony, a federal agency charged Tuesday.
Japanese investors in India took a few hard lessons in India's tough labour laws when the automobile giant Honda Motors tamely resumed production at its plant outside the national capital this week, ending three months of labour disputes, including pitched battles between police and agitated workers.
Contractors knew as early as 1999 that there were problems with some of the bolts attaching massive concrete panels to the ceiling of the Big Dig highway tunnel where a woman was crushed by 12 tons of falling concrete, Massachusetts' attorney general said.
Toyota is expected to announce a billion dollar settlement with the U.S. government for failing to disclose complaints by drivers that its cars were accelerating unintentionally. News of the negotiations were reported by the Wall Street Journal.
Land conflicts involving indigenous people have multiplied in Brazil over the last few months, generating greater tension and showing once again that the country's roughly 400,000 indigenous people still have a long way to go to win respect for their rights.