Global Trade

After Nike's recent disclosure of the names and locations of 705 independent contract factories in its network, a plant visit reveals significant improvements since the 1990s.
On Monday Chevron said it gave Ecuadorean authorities evidence of a bribery scheme linked to a $27 billion environmental damages lawsuit against the oil company. Last week, the judge hearing the case, Juan Núñez, recused himself. The Amazon Defense Coalition said the recusal did not "change the overwhelming evidence against Chevron."
A subsidiary of Karaturi Global, the Indian flower export multinational accused of land grabbing in Ethiopia and Kenya, has been declared bankrupt by a Dutch court. The company owes some $300,000 in the Netherlands, as well as upwards of $4 million in taxes in Kenya.
On the occasion of the first meetings of the governing bodies of the International Monetary Fund and the World Bank in the 21st century, we call for the immediate suspension of the policies and practices that have caused widespread poverty, inequality, and suffering among the world's peoples and damage to the world's environment.
The external debt of developing countries should not just be cancelled but the debtors compensated, civil society activists told a meeting of international officials, business leaders, scientists and non-governmental organizations members in Prague Saturday.
Environmental groups hailed a decision this week by four of the world's largest meat producers to ban the purchase of cattle from newly deforested areas of Brazil's Amazon rain forest. Brazil has the world's largest cattle herd and is the world's largest beef exporter. It is also the fourth largest producer of greenhouse gas emissions.
The trial opened in Ivory Coast on Monday of 12 people charged with involvement in a 2006 toxic waste scandal which killed 17 Ivorians and poisoned thousands.
Peace cannot be sustained in Sierra Leone until controls are imposed on the illegal selling of diamonds used to finance its civil war, according to a recent study.
This profile of French banking is from CorpWatch's EuroZone Profiteers report which investigates the role of six major banks in Greece, Ireland and Spain during the EuroZone crisis. Loans from these banks helped fuel the credit boom that left the countries deep in debt.
A new CorpWatch report shines a light on the role of six major banks in Greece, Ireland and Spain in the EuroZone crisis. "The EuroZone Profiteers" profiles Commerzbank, Depfa and Westdeutsche Landesbank from Germany; Crédit Agricole and Société Générale from France; together with Dexia - a Franco-Belgian financial institution.