Global Trade

The U.S. obsession with soft toilet paper has driven the growth of brands like Cottonelle Ultra, Quilted Northern Ultra and Charmin Ultra. But fluffiness comes at a price: millions of trees harvested in North America and in Latin American countries, including some percentage of trees from rare old-growth forests in Canada. Read More

President Obama will almost certainly touch down in Baghdad and Kabul in Air Force One sometime in the coming year to meet his counterparts in Iraq and Afghanistan, and he will just as certainly pay a visit to a U.S. military base or two. Should he stay to eat with the troops, he will no less certainly choose from a menu prepared by migrant Asian workers under contract to Houston-based KBR, the former subsidiary of Halliburton. Read More

Politicians from all sides rounded on the state-supported Royal Bank of Scotland yesterday as the row intensified over the failed bank's apparent determination to share £1bn of bonuses among staff. Read More

Nissan Motor Co. Monday announced plans to slash more than 20,000 jobs world-wide, shift production out of Japan and seek government assistance from Japan, the U.S. and elsewhere, part of a broad new effort by the Japanese car maker to weather the economic downturn. Read More

In the context of global debate around the unfettered free-market system, UK Prime Minister Gordon Brown comes under fire from an Italian business association for not reining in wildcat labor strikes at the Lindsey oil refinery in Lincolnshire. Read More

Business jet makers reeling from the US political attack on some of their highest profile corporate high fliers are being forced to make drastic cuts in production and jobs in the face of the deepening global recession. Read More

Swedish Match AB and Philip Morris International Inc. announced a joint venture Tuesday to market smokeless tobacco world-wide. The venture combines a world-wide giant in smokeless, Swedish Match, with the world's second-largest purveyor of cigarettes, PMI, an Altria Inc. spinoff. Read More

Norway's Ministry of Finance announced Friday that it would exclude mining giant Barrick Gold and U.S. weapons producer Textron Inc from the country's pension fund for ethical reasons. This is an especially significant judgment for Canada, as Barrick Gold is currently Canada's largest publicly traded company. Read More

Prosecutors pursuing the fraud at Satyam Computer Services Ltd. said Tuesday the Indian technology outsourcer's founder, B. Ramalinga Raju, should be denied bail because he could slow the investigation if released. Read More

Robert Rubin will resign from the beleaguered Citigroup. As Treasury secretary during the Clinton administration, Mr. Rubin helped loosen Depression-era banking regulations that made Citigroup's creation possible. He also helped beat back tighter oversight of exotic financial products during that time. Read More