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European and Canadian engineering companies, four of them British, are alleged to have paid an official about 3m for contracts for one of the continent's biggest engineering projects, the 1bn construction of huge dams to supply water and electricity to South Africa, which entirely surrounds the mountainous kingdom. Read More

As foreign buyers descend upon the United States, capturing widening swaths of the industrial landscape and putting millions of Americans to work for new owners, these two cities offer sharply competing narratives for a nation still uneasy about being on the selling end of the global economy. Read More

Tens of thousands of teachers, state workers, and students have protested budget reforms mandated in agreements between Colombia and the International Monetary Fund. Read More

Thousands of anti-globalization and environmental activists converged Thursday on this port city as President Bush joined 15 European Union leaders for a summit expected to focus on the widening gap between Washington and its European allies. Read More

The World Bank on Saturday said it had canceled a conference on how to fight poverty due to take place in Spain next month because of concerns anti-globalization groups would try to disrupt the event. Read More

A World Bank official admitted Wednesday the institution's policies in Zimbabwe had failed, ironically blaming the failure on the government's willingness to follow its instructions as ''per book''. Read More

Aid cannot buy economic reforms the World Bank concedes in a new study on Africa which shows that imposing conditions to force developing countries to adopt unpopular reforms has in many cases been ineffective. Read More

The Argentine government found itself Monday struggling to contain political fallout from the announcement three days earlier of major public spending cuts, as the first protesters took to the streets. Read More

Anti-privatisation protestors are expected to descend on the streets of Johannesburg this month as they demand a reversal of the sale of their municipal water supply to French multinational Suez Lyonnaise des Eaux. Read More

Kenneth W. Dam, a law professor and former top State Department official, will be nominated to become deputy secretary of the Treasury, the White House announced yesterday. Read More