Word: baku
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...scathing report published last year entitled Principles, Profit or Just PR?, BankTrack accused many firms of failing to deliver on their lofty principles. The report highlighted the decision by nine Equator Principles banks - including ABN Amro, Italy's Banca Intesa and Citigroup - to fund BP's controversial Baku-Tbilisi-Ceyhan (BTC) pipeline, which will run through Azerbaijan, Georgia and Turkey to bring Caspian Sea oil to the West. The project, argued BankTrack, violates the Equator Principles in key areas, notably in regard to the protection of indigenous peoples. The ngo suggests the Turkish government may use the new pipeline...
...will have no effect on a ban in France on students displaying conspicuous symbols of religious faith, as the European Court of Human Rights tends to leave such decisions to individual governments. Eloquent in Death AZERBAIJAN Thousands of opposition supporters attended the funeral of murdered journalist Elmar Huseynov in Baku, despite a warning from President Ilham Aliyev against turning the event into an antigovernment protest. Huseynov, editor of the weekly magazine Monitor, and an outspoken critic of the government, was gunned down outside his apartment in what the Council of Europe called an "attack on freedom of expression." Standing Ground...
...giant Gazprom of $250 million. He claimed the charges were politically motivated; the court declared the crimes unproven. It was the fourth rejected Russian extradition request within a year. Keeping It in the Family AZERBAIJAN One person died and dozens were injured in clashes between police and protesters in Baku following Ilham Aliyev's election as President. Official results gave Aliyev, who succeeds his 80-year-old father, Haidar, nearly 80% of the vote. The opposition claimed the ballot was rigged. Talks End SERBIA AND MONTENEGRO Talks in Vienna between senior Serb officials and leaders of the breakaway province...
...house, delaying its final approval. Berlusconi had characterized the secret ballot as a vote of confidence in his leadership. Secret Al-Qaeda Arrest AZERBAIJAN The last of the al-Qaeda operatives from Georgia's Pankisi Valley still being sought by the U.S. was arrested in the Azeri capital of Baku in a secret operation in September, security officials in the Caucasus told TIME. Abu-Ayat was an alleged explosives specialist who claimed to be close to Osama bin Laden and had been on the run for over a year. He was handed over to the U.S., local officials...
...overcapacity in Germany's - and Europe's - wireless sector will remain. Which means it's only a matter of time until someone else gets his chance to be saved. OIL A Pipe Dream Comes True Sometimes a pipe is just a pipe. A few years ago, the planned Baku-Tbilisi-Ceyhan pipeline from the Caspian Sea through Azerbaijan, Georgia, Turkey and into the Mediterranean was touted by the U.S. as a way to get the Caspian's rich oil reserves without going through Russia. But there was a hitch: oil companies weren't terribly interested. With prices and demand still...