 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
Rio Tinto spied on China for six years: state bureau
Beijing (AFP) Aug 9, 2009 China's state secrets watchdog has accused Australian mining giant Rio Tinto of committing industrial espionage against China for six years and causing the country significant economic losses. Chinese authorities detained Australian citizen Stern Hu and three other Shanghai-based Rio employees in early July and accused them of bribery and stealing state secrets during iron ore contract negotiations. Rio said in July the accusations are "wholly without foundation." "The large amount of data and intelligence on China's steel sector found on Rio Tinto's computers and the huge damage to the economic interests and security of the country are evident," said a report published over the weekend on the baomi.org website run by the State Secrets Bureau. The bureau is responsible for protecting the state secrets of China's government and Communist Party organisations. The Baomi report said "this six-year espionage case involved corruption, information gathering and spying." According to Chinese media reports, Rio bribed officials at 16 major Chinese steelmakers during iron ore talks. The watchdog said Rio's spying had cost China's steel sector 700 billion yuan (102 billion dollars), without giving further details. Share This Article With Planet Earth
Related Links Global Trade News
India's flagship outsourcing sector hits tough timesNew Delhi (AFP) Aug 6, 2009 These are tough times for India's flagship outsourcing industry whose skilled, low-cost workforce helped plant the country on the global business map. With the world in the grip of the worst economic slump since the 1930s, revenue growth from outsourcing -- subcontracting work to a third-party company -- is slowing sharply after years of posting scorching double-digit increases. ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2009 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook