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A South Korean firm, Posco, last year promised to build a steel plant costing $12bn - the biggest ever single foreign investment in India. The only problem is that many of the people living in Kalinga Nagar, near the town of Jajpur, do not want to make way for the new factories.

A Nigerian court said on Friday Royal Dutch Shell should pay $1.5 billion (861 billion pounds) in damages for pollution in oil-producing Bayelsa state, the latest instalment in a long-running case.

The ports of Dubai make up some of the busiest commercial hubs in the world for the "global war of terrorism." Conveniently located between the Afghanistan and Iraq, Dubai is the ideal jumping-off point for military contractors and a lucrative link in the commercial supply chain of goods and people.

A defense contractor admitted Friday he paid a California congressman more than $1 million in bribes in exchange for millions more in government contracts in a scandal that prosecutors say reached into the Defense Department.

Scientists working for the chromium industry withheld data about the metal's health risks while the industry campaigned to block strict new limits on the cancer-causing chemical, according to a scientific journal report published yesterday.

MARK Vaile will press Iraq to buy Australian wheat even if the nation's monopoly wheat exporter AWB is excluded from the deal.

The United Arab Emirates (UAE), the centre of a growing controversy over its proposed management of U.S. port terminals, is one of the world's most prolific arms buyers and a multi-billion-dollar military market both for the United States and Western Europe.

Wal-Mart Stores, facing a raft of state legislation that would require it to increase spending on employee health insurance, will lift several of its long-standing - and most-criticized - restrictions on eligibility over the next year, the giant retailer said this morning.

Here's a story that will make your blood boil: The Walton family, owners of Wal-Mart, the world's largest corporation, are planning a huge art museum in Bentonville, Arkansas. There's nothing wrong with a little culture in the Midwest, right?

For the first time in the four-week trial of two former Enron executives, the actions of the company's directors in a critical month in 2001 came under scrutiny during a cross-examination.