Rolls-Royce has been accused of bribery in the multi-billion dollar corruption scandal surrounding Brazil’s state-run oil producer, Petrobras.
The British engineering firm, which designs and manufactures power systems through its subsidiaries, was one of the suppliers of gas turbines used on Petrobras SA’s oil platforms. According to allegations, Rolls Royce paid bribes to Petrobras executives through an agent to win a $100 million Petrobras contract.
His resignation from the satellite broadcaster comes ahead of a government report expected to be critical of his handling of the ethics scandal at News Corp.'s British tabloids.James Murdoch's resignation as chairman of satellite broadcaster British Sky Broadcasting comes ahead of a government report expected to be critical of his handling of the ethics scandal at News Corp.'s British tabloids.
GlaxoSmithKline Plc (ADR) (NYSE:GSK) has reportedly fired 110 of its employees in China. The move is a result of the extensive investigation that was conducted to inspect the corruption and bribery scandal, for which the drug maker was fined $479 million (¥3 billion) last year.
Chicken and ground beef are often staples at the dinner table, but they're also the meat products most likely to make consumers sick, according to a new report. The report, from the advocacy organization Center for Science in the Public Interest (CSPI), ranks meat products based on their likelihood of causing severe illness.
US tabloid newspapers including ones owned by Rupert Murdoch's News Corporation are less aggressive than their British counterparts, partly due to readers' differing demands, experts say.In general US readers want fewer of the salacious details which British tabloids dish up, including via questionable ethical methods such as those highlighted in the current storm over phone hacking.
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stated on Monday that its employee pension fund might be implicated in the ongoing bribery and corruption scandal.
The pension fund, called Petros, is valued at $24.8 billion (66 billion reais). A red flag about the fund was raised in an internal investigation, suggesting there might be links between the corruption scandal and the pension fund. However, no further details have been released as of today.