Global Trade

Forget about asking questions relating to the transportation of illegal immigrants back to Mexico, because Wackenhut Corporation, which won a government contract to perform this function in the name of the American people, doesn't have to answer them! The daily transportation of thousands of illegal immigrants back into Mexico has been turned over to a private company that was fired last year for botching security at the headquarters of the Department of Homeland Security.
British oil trader Trafigura has offered to settle a court case brought by 31,000 Africans who say that they were injured in the largest personal injuries class action mounted in an English court. The action resulted from the dumping of 400 tonnes of waste in the Ivory Coast by an oil tanker, the Probo Koala, in 2006 - one of the worst pollution disasters in recent history.
WASHINGTON -- U.S. President George W. Bush is on the verge of winning ''fast-track'' authority to negotiate new trade agreements, but at the expense of human rights and environmental protections, say die-hard critics.
Vietnamese workers earn less than $2 a day making stuffed animals and Happy Meal toys for U.S. consumers. An ongoing series of wildcat strikes this winter has forced the government to raise wages to prevent factories from moving to other countries. Listen to an interview about this article with Aaron Glantz on CorpWatch Radio.
A damning report on Mittal Steel's acquisition of an impoverished African country's iron ore reserves is published today, accusing the world's largest steelmaker of offering an inequitable "raw deal" that has created an unaccountable "state within a state".
British by birth, Ms. Brown is married to an Italian and works at a hair salon that will not open for business on Friday when President Bush and seven other government leaders arrive. Neither will almost all of the other shops and restaurants inside the so-called red zone, a secure six- square-mile area where leaders will meet from Friday though Sunday. Some anti-globalization groups have pledged to penetrate the zone.
The drop in U.S. demand for high-end jewelry in a slumping economy is having ripple effects around the globe as stores close, workers are laid off in mass in the diamond-polishing factories of Gujarat, and countries like Botswana experience a dramatic drop in diamond revenue.
As global commodity prices have plummeted and several of China's partners in Africa have stumbled deeper into chaos, China has backed away from some of its riskiest and most aggressive plans. China has sought to secure minerals in Africa through agreements to build huge projects in exchange for minerals. African governments are now realizing that these deals are loans against future revenue, and falling prices could leave them saddled with debt.
Socialist Vietnam is starting to learn the ways of capitalism as its products enter the global market.
This profile of Ireland is from CorpWatch's EuroZone Profiteers report - a study of the 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 borrowing countries deep in debt.