Global Trade

For many Americans, ''May Day'' brings to mind images of phalanxes of Soviet soldiers, goose-stepping through Red Square behind massive tanks, while millions of onlookers obediently cheer. (It's a process not too different from the obedient cheering that goes on here every July 4 -- but never mind.) For other people, ''May Day'' is a pagan holiday, Beltane, more known (and often loved) for maypoles or other fertility rituals than for political struggles.
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.
A supplier and two employees of the furniture giant Ikea have admitted to using bribes in purchasing deals.
The proposed agreement between one of the world’s largest oil companies, BP (formerly British Petroleum) and UC Berkeley, Lawrence Berkeley National Laboratory and the University of Illinois has ignited a firestorm that promises to burn long and hot.
BYD Co., the Chinese carmaker part- owned by billionaire Warren Buffett's Berkshire Hathaway Inc., was fined and ordered to surrender seven factories in central China after the government said it used land illegally.
Billionaire businessmen and lobbyists are lining up to help Donald Trump after his victory in the U.S. presidential election. Trump appears to be welcoming them with open arms, despite his claim to bring change to Washington DC and get rid of special interests.
The United States, recently criticised for its protectionist trade policies, on Tuesday proposed removing world tariffs on manufactured goods no later than 2015.
The market in India for outsourced clinical drug trials will hit $1.5 billion by 2010. Enticed by numbers like these, developing countries have been scrambling to catch Big Pharma's eye - India most aggressively of all.
Cancer patients in India have reason to be relieved at a high court ruling this week which dismissed a petition by Swiss pharmaceuticals multinational corporation (MNC) Novartis challenging an Indian law which denies patents for minor or trivial improvements to known drugs.