This profile of Westdeutsche Landesbank 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.
Roberto Verzola discusses the emergence of the global information economy as the third wave of globalization, a process that started with colonialism. This in depth analysis looks at how information monopolies are being used to artificially create information scarcity (and high profits) for corporate owners, such as Microsoft.
By the end of the year, Starbucks will increase its ever-growing empire by opening a coffee shop in Mexico City -- the first Starbucks in Latin America. Ironically, Starbucks will soon be selling gourmet coffee to the very people who are under-paid for harvesting coffee beans. News of the Mexico City shop came as Starbucks was presenting its first Corporate Social Responsibility report at its annual shareholders' meeting in Seattle last month. The report emphasized the company's claimed commitment to doing business in socially, economically and environmentally responsible ways, to benefit the communities around the world where it does business.
The public release of the draft negotiating text for the Free Trade Agreement of the Americas (FTAA)underscores the wide gulf between the 34 countries involved in the talks while giving impetus to the citizens' movement to stop it.
Protest Barrick, a network of aboriginal communities from Australia, the U.S., Latin America and Asia, converged on Barrick Gold Corporation's shareholder meeting at the Metro Toronto Convention Centre May 2 to serve the company an eviction notice from First Nation land.
A weekend announcement by Halliburton, the US oil services giant, that it is shifting its corporate headquarters to Dubai from Texas triggered an angry response from some US lawmakers Monday.
A Chinese facility that hasn't been inspected by the U.S. Food and Drug Administration made the active ingredient in much of the widely used Baxter International Inc. blood-thinner that is under investigation after reports of hundreds of allergic reactions and four deaths among the drug's users, the agency said yesterday.
A decision by the Indian government to allow foreign multinationals to invest in the country's $500 billion retail market is expected to spell the death knell for thousands of small, family-owned shops and even threatens street hawkers, who have supplied local neighborhoods for generations.
Thousands of low-wage Asian laborers are traveling to Iraq to work for U.S. military contractors like First Kuwaiti and Prime Projects International in the hope of sending money home to their families. Trapped and exploited under inhuman conditions, many of them are now fleeing the country to save their lives.