Property, Tourism & Transportation
When Hanoi opened its door to global capitalism in 1988, the Communist party frowned on golf as an irrelevant bourgeois indulgence. Today, the Communist elite has bestowed its full blessing on the game as both symbol, and tool, of Vietnam's economic modernisation.
"We are here to take care of the land, because we depend on it for a living," said AndrÃ©s Sajama, cacique (chief) of Queta, a Kolla indigenous community in the northwestern Argentine province of Jujuy. "We don't want to block mining projects, but we won't allow them to take away what little we have left," he told IPS.
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.
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.
Less than two weeks after the Ford Motor Company said it would all but eliminate its advertising in publications that cater to gays, the company reversed itself Wednesday.
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.