Global Trade

Uruguay has presented a 500 page document to defend itself against an international lawsuit challenging the country's tough tobacco packaging regulations. The claim was brought by Philip Morris, the global tobacco giant, at the World Bank's International Centre for Settlement of Investment Disputes (ICSID) in Washington DC.
Peruvian Prime Minister Jorge del Castillo told Congress that private mining companies operating in Peru would make a "voluntary payment" of 757.5 million dollars over the next five years, to go towards fighting poverty. However, they will not pay the tax on windfall profits that new President Alan García had promised in his campaign.
European leaders have ordered police and intelligence agencies to co-ordinate their efforts to identify and track the anti-capitalist demonstrators whose violent protests at recent international summits culminated in the shooting dead by police of a young protester at the Genoa G8 meeting last month.
Groups fighting for the rights of peasant communities are stepping up pressure on governments to ban the use of genetically modified ''suicide seeds'' at UN-sponsored talks on biodiversity in Spain this week.
It's been ten years since British Petroleum launched an expensive ad campaign, re-branding its corporate image into the eco-friendly "BP: Beyond Petroleum." We said it then. When a company spends more on advertising its environmental friendliness than on environmental actions, that's greenwash. Three long weeks into the BP oil disaster roiling the Gulf of Mexico, CorpWatch's December 2000 skewering of its new image sadly, bears repeating.
This profile of Dexia 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.
When it comes to attracting celebrity wealth seeking shelter from taxes, the Cayman Islands and other classic Caribbean tax havens are receding in favor, according to tax experts here and overseas. But for earnings derived from intellectual property such as royalties, the Netherlands has become a tax shelter of choice.
An overview of the political, environmental and economic context in the 10 years between the 1992 Earth Summit in Rio and the upcoming Summit in Johannesburg. Excerpted from the book ''Earth Summit.biz''