Global Trade

The Iranian regime has developed one of the world's most sophisticated mechanisms for controlling and censoring the Internet. The Iranian government appears to be engaging in a practice often called deep packet inspection. The monitoring capability was provided, at least in part, by a joint venture of Siemens AG, the German conglomerate, and Nokia Corp., the Finnish cellphone company.
The corruption-prone country expects oil revenues to total $160 billion by 2025.
British regulators are investigating Soma Oil & Gas, a UK-based company, for allegedly paying bribes to the Somali government in exchange for exploration rights. Under scrutiny is the payment of $580,000 for "capacity building arrangements" at the Ministry of Petroleum in Mogadishu, according to Financial Times sources.
The Bush administration sought agreement from U.S. farm groups for a 70 percent cut in their most trade-distorting subsidies as a way to save world trade talks but was rejected, industry sources said on Tuesday.
Supermarkets open across the country and international big box stores partner with smaller local stores to gain a toehold in the market.
Jose Bové, French peasants' champion and hero of the international anti-globalism movement, was due back in court Thursday on trial for his part in the dismantling of a McDonald's restaurant.
Although Europe and Africa are minimizing it in public, a wide gulf separates the two continents on the slavery issue at the World Conference against Racism (WACR), according to several inside sources.
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.
Retired retail executive Richard Goldman was astonished when he heard about the $27 billion pollution lawsuit against Chevron Corp. in Ecuador. SO he has created a nonprofit group, Ethos Alliance, that will use social-networking tools to spread word of the case and put pressure on Chevron.
A whistleblower who previously worked for Ernst & Young, the international auditing firm, has alleged that his bosses turned a blind eye to discoveries that Kaloti Jewellery International - one of the world's biggest gold companies - dealt in minerals from undocumented sources that may have included conflict zones.