Global Trade

The World Trade Organization ruled that U.S. planemaker Boeing received $5.3 billion in illegal government subsidies over a quarter-century. Airbus and Boeing have both complained to the WTO that the other is receiving state aid. They are locked in a long-running trade dispute over a market believed to be worth more than $3 trillion over the next decade. Read More

A Swiss drug company, Novartis, will go before the Indian Supreme Court this monnth to fight patent laws that protect the global supply of inexpensive medicines to treat AIDS, cancer and other diseases. The lawsuit - which involves a drug called Gleevec - is being opposed by international aid groups. Read More

The European Food Safety Authority has approved new rules that will ban industry experts from serving on EFSA scientific panels related to their work. Corporate Europe Observatory says the rules are still not strong enough Read More

Karuturi Global and Saudi Star have leased thousands of hectares of land from the Ethiopian government for agricultural development. Critics says these projects have displaced traditional farmers and subsistence crops. Read More

The FBI has just released an ad featuring the fictional character Gordon Gekko from the "Wall Street" films to target insider trading. Increasingly, however, it seems that Scotland Yard needs a similar campaign for the City of London, which has become the center for the mantra "Greed is Good." Read More

U.S. investigators of bankrupt MF Global Holdings Ltd. have yet to determine after four months of probing whether enough evidence exists to pursue a criminal case. The company collapsed after a $6.3 billion bet on the bonds of some of Europe's most indebted nations went sour. When the Read More

Land deals with foreign firms in Liberia 'could sow seeds of conflict'says a new report from the Centre for International Conflict Resolution (CICR) at Columbia University in New York. The report covers Golden Veroleum, Sime Darby, ArcelorMittal and Putu Iron Ore Mining Corporation. Read More

In 2003, U.S. Steel bought up the bankrupt Sartid steel mill in the eastern Serbian town of Smederevo for $33 million, the first private enterprise to enter the country after the downfall of former leader Slobodan Milosevic in 2000. On Feb. 1, U.S. Steel sold the mill back for a dollar. Read More

Scalpers are doing a booming business in key medical drugs by taking advantage of U.S. patients and hospitals when they are desperate for supplies from the poorly regulated $46 billion global contract-manufacturing industry. Read More

An oil company whose chief executive has bankrolled the Conservatives won exclusive rights to trade with Libyan rebels during the conflict, following secret talks involving the British Government. Read More