Syndicate of banks, including European banks, signs agreement with Norilsk Nickel for 2,5 Billion over five years.

Norilsk Nickel, as reported in our previous Dirty Profits 5 report , has had serious concerns in relation to environmental pollution and health problems for the local population. In 2009, the Norwegian Government Pension Fund excluded Norilsk Nickel due to severe environmental degradation at the company’s Polar Division and in particular surrounding the City of Norilsk.   ... →

Trumps Business with Deutsche Bank being investigated by FBI

 Trump im Gespräch mit Putin während dem G20-Gipfel 2017 in Hamburg  | Bild (Ausschnitt): © Website of the Russian President [CC BY 4.0] - Kremlin.ru

Investigations by the FBI into the alleged Russian manipulations of the 2016 US presidential elections are now including the Deutsche Bank. There is a suspicion that the bank’s loans to the US President have ties to the Russian government. According to a report by the Handelsblatt, FBI special investigator Mueller has applied for a subpoena, compelling the release of material.   ... →

New Study : Tobacco Free Investments – Why banks should end their deadly relationship with Tobacco Companies.

To date, 181 countries have signed and ratified the World Health Organization (WHO) Framework Convention on Tobacco Control. With the aim of limiting the consumption of tobacco and its life-threatening consequences and reducing the number of smokers. The agreement is considered a success because in many countries, at least the countries of the Global North, smoking rates have significantly reduced.   ... →

Raid on Commerzbank headquarters for suspected tax evasion

 Commerzbank-Zentrale in Frankfurt am Main | Bild (Ausschnitt): © David Schiersner [CC BY 2.0] - flickr

As reported by n-tv and Handelsblatt the attorney general of Frankfurt authorised raids on offices in the Commerzbank headquarters as well as 3 private houses of accused individuals in the second week of November. The raid was based on the suspicion that Commerzbank evaded taxes by Cum-Ex trading in the past.

The attorney general claims investigations showed multi-billion Euro deals closed between 2006 and 2010 which evaded taxes of about 40 million Euros.   ... →

Experts warn of the development and use of autonomous weapon systems

  Bild (Ausschnitt): ©  JD Lasica [CC BY-NC 2.0] - flickr

Many leading researchers, IT engineers and tech entrepreneurs agree that the uncontrolled, rapidly advancing research in the context of the military use of autonomous weapon systems is becoming increasingly dangerous. Elon Musk recently warned of the risk of a 3rd world war, and Russian President Vladimir Putin said at the beginning of September: “Whoever is the leader in this sphere will become the leader of the world”.   ... →

Brazilian President Temer extinguishes protected Amazon reserve

  Bild (Ausschnitt): © Rainforest Action Network [CC BY NC 2.0] - flickr

In the last week of August, Brazilian President Temer, who has previously been arrested for corruption, released a huge nature reserve in the Amazon rainforest for raw material exploitation. The nature reserve is located in the national park Reserva Nacional do Corbe e Assiciados (Renca) in the northern states of Amapá and Para. The area of ​​the released reserve is four million hectares, approximately an area ​​the size of Denmark.   ... →