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EuroZone Profiteers: How German and French Banks Helped Bankrupt Greece
Pratap Chatterjee
June 29th, 2015

Almost none of the huge amount of money “loaned” to Greece has actually gone there, writes Joseph Stiglitz, former World Bank chief economist. CorpWatch's EuroZone Profiteers report sheds light on how some of it was used to pay off bad loans made by private-sector banks in France and Germany.

Cartoon by Khalil Bendib

Energy

Pemex Secretly Expanding Fracking In Mexico, Say Activists
Richard Smallteacher
June 26th, 2015

Petróleos Mexicanos (Pemex), the state owned oil company, is quietly expanding operations to extract oil from shale deposits in six Mexican states. However, the company has failed to disclose its use of a controversial technology called fracking and explain the potential environmental impacts to local communities, say activists.

Cartoon by Khalil Bendib
Technology & Telecommunications

Uber Plans to Track Users Should Not Be Allowed, Says Privacy Group
Pratap Chatterjee
June 22nd, 2015

A formal complaint has been filed against Uber, the car ride company, by the Electronic Privacy Information Center (EPIC), a non-profit advocacy group. The NGO says Uber plans to use their smart phone app to access user’s locations at all times, and to send advertisements to user’s contact lists.

Uber protest in Chicago. Photo: Scott L. Used under Creative Commons license.
Food and Agriculture

Nestle Recalls 400 Million Packets of Instant Noodles in India
Richard Smallteacher
June 18th, 2015

Nestle says that it will destroy 400 million packets of Maggi brand instant noodles in India worth some Rs 320 crores ($50.5 million). The company made the announcement after the Food Safety and Standards Authority of India found “hazardous” levels of lead in company products and ordered legal action.

Maggi noodles on sale in India. Photo: srabanirsphotos. Used under Creative Commons license.
Energy

Soco International Accused of Paying Bribes for Congo Oil Exploration
Richard Smallteacher
June 12th, 2015

Shareholders have demanded that the CEO of Soco International be fired after handwritten receipts for $42,250 in alleged bribes to Congolese army officials were published by Global Witness. At the time, the UK company was exploring for oil in Virunga, a United Nations World Heritage site in eastern Congo.


Virunga National Park, Democratic Republic of the Congo. Photo: David Lloyd. Used under Creative Commons license.
Media & Entertainment

Traffic, Brazilian Sports Company, at Center of World Cup Football Scandal
Pratap Chatterjee
June 8th, 2015

Traffic International, a Brazilian sports media company, has been named as the source of at least $60 million in bribes paid to Fédération Internationale de Football Association (FIFA) officials, the organizers of the World Cup football tournament, to obtain media and marketing rights to international games.

Sepp Blatter. Photo: Ricardo Stuckert. Used under the Creative Commons
Tobacco

Tobacco Companies Ordered to Pay C$15.6 Billion to Quebec Smokers
Richard Smallteacher
June 4th, 2015

Over one million people in the Canadian province of Quebec will receive a total of C$15.6 billion ($12.5 billion) in damages for smoking related diseases from three of the biggest tobacco companies in the country. The settlement is the result of a 17 year long court battle.

Tobacco warning. Health Canada. Used under Creative Commons license.
Retail & Mega-Stores

Retailer SportsDirect Accused of Sweatshop Like Conditions in the UK
Pratap Chatterjee
June 1st, 2015

SportsDirect, a British sports merchandise retailer, has been accused of employing workers in sweatshop like conditions by Channel Four Dispatches, a UK TV program. The broadcaster aired undercover footage shot by a reporter at the company’s Shirebrook warehouse in northern England.

CAPTION. Photo: Ninian Reid. Used under Creative Commons license.
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Majority of U.S. Congress Failed to Take Action on Corporate Accountability in 2014
May 28th, 2015

The majority of the U.S. Congress took no action at all in 2014 in favor of holding corporations accountable and reining in corporate power – scoring a zero on the newly released Corporate Accountability Coalition (CAC) Congressional Report Card.