Global Trade

Seven international banks have been served with subpoenas over the global interest setting scandal. Barclays, Citigroup, Deutsche Bank, HSBC, JPMorgan Chase, Royal Bank of Scotland and UBS - have been asked to provide relevant "documents and communications" to the New York attorney-general. Read More

Glencore corporation, the secretive Swiss commodities giant which has become one of the world's biggest trader of grain, oil and minerals, has hit an unlikely roadblock. The Bolivian government nationalized the Colquiri tin and zinc mine, the third Glencore asset to be seized by the state in five years. Read More

The 2012 United Nations Rio+20 Conference on Sustainable Development event comes after two decades of major changes in the global environment since the 1992 Earth Summit. One of the biggest differences is the enormous growth in corporate power which will not be addressed by the agreements on the table. Read More

Are Africa and South East Asia just suffering from a deluge of fake medicines that is causing disease resistance to rise? Or are they also suffering from a deluge of poorly informed media articles, encouraged by the pharmaceutical industry that wants to make war on generic drugs? Read More

Olam International, a Singapore based multinational, is growing coffee for export in Paksong, southern Laos. The land for the plantation was seized by Sonesay Siphandone, the district governor, from the upland Nha Huen/Yahern community who have been left without food to eat. Read More

Repsol, a multinational based in Spain, has brought a class action lawsuit in New York courts against the Argentine government for the re-nationalization of YPF, the former Argentine state oil company. Environmentalists question both parties over the impact of the company. Read More

Jean-Luc Dehaene, a Member of the European Parliament from Belgium, recently accepted shares worth $4.2 million in the company that makes Budweiser and Stella Artois. What's remarkable is that he forgot to mention this as a potential conflict of interest. Read More

Children as young as ten in the Democratic Republic of the Congo, dig for cobalt and copper which they then sell to Switzerland-based Glencore, the world's largest commodities company, according to a new BBC investigation. Read More

Adidas, the German sportswear company, is making Olympics uniforms for the UK team at sweatshops in Tangerang city, near the main international airport of Jakarta, Indonesia. Young female workers are paid 5,000 rupiah (54 cents) an hour for a 65 hour work week, according to revelations made in the Independent newspaper. Read More

Grupo Bozovich - Peru's biggest hardwood exporter - has been accused of harvesting illegal timber, in a new report by the Environmental Investigation Agency. The Laundering Machine report claims that many of the timber certificates do not represent the actual source of the wood. Read More