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Myanmar: Total Acquires a 40% Interest in Offshore Block M-11

Total announces the signature of an agreement with PTTEP for the acquisition of a 40% interest in the Production Sharing Contract covering the offshore Block M-11 in Martaban basin. PTTEP (PTT Exploration and Production Plc.), Thailand's national company, will retain…

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Shenzhen wage hike causes supply chain jitters

Chinese tech hub and boom town Shenzhen is set to increase the minimum wage of workers there by 13.3 per cent in early 2013, causing a few sweaty palms in the technology supply chain. Shenzhen and the wider Pearl River…

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La note éthique des banques en baisse

Juillet s’est avéré difficile sur le plan éthique pour les entreprises suisses, qui ont eu moins d’occasions d’afficher leurs contributions positives, la saison de publication des rapports de développement durable touchant à  sa fin, alors que les deux grandes banques…

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Gibson Guitar settlement strikes chord with wood companies

Although it has the CEO of the iconic guitar maker Gibson Guitar Corp. singing the blues, a U.S. law aimed at limiting deforestation has attracted calls for strict enforcement from other affected companies. The Lacey Act, a 112-year-old import restrictions…

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Pharma Reputations: Managing Perceptions

Geneva-based Covalence, a company that markets the information system, EthicalQuote, has observed that pharma is not keeping pace with other industries in terms of the overall balance of global good and bad news coverage in four broad ethical areas: labour…

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HSBC chairman vows to put ethics at heart of sales

In the wake of furore over terrorist links and money laundering controls failings that have cast a cloud over banking group HSBC, its chairman has vowed to change the way business is done by reducing complexity and implementing a more…

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GlaxoSmithKline allegedly bribing Polish doctors

Prosecutors and the Polish Anti-Corruption Bureau are investigating reports that UK-based pharmaceutical giant GlaxoSmithKline allegedly bribed doctors in Poland to prescribe their drugs ahead of other manufacturers.“We believe that doctors took a form of bribes from representatives of the company…

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