The modern pirates of West Africa and Somalia are no swashbuckling buccaneers. They are maritime bandits, disrupting some of the world's busiest shipping lanes and costing the global economy billions. Recently, they've stepped up their brutality. What caused this piracy? How can it be stopped? GlobalPost investigates.
JOHANNESBURG — With the world watching, South Africans booed their president, jeering Jacob Zuma again and again in front of dozens of world leaders at Nelson Mandela’s memorial service last week. That kind of display against the head of state, especially on a day reserved to honor democratic South Africa’s iconic first president, may have surprised onlookers from other countries. But it’s no secret here that South Africans have had it with their president. One of the main reasons? A place called Nkandla.
WASHINGTON – It used to be that the US Foreign Corrupt Practices Act was the main instrument of enforcement against bribery worldwide. No more. The legal landscape is changing quickly as dozens of countries beef up their anti-corruption laws, creating new risks to companies whose supply chains and business partners traverse the globe. One of the most striking illustrations of the risk that can now be visited on global companies through the actions of third parties has surfaced in a precedent- setting case against foreign companies with operations in China.
In July, Beijing began a crackdown on UK-based pharmaceutical giant GlaxoSmithKline alleging bribery worth up to 3 billion yuan ($480 million) to Chinese doctors and officials through third parties, acting under the guise of travel agents.