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Always on the look out for the latest news to monitor the state of the world economy.
EconomyWatch, News Desk Team
on the oil trading company Trafigura for illegally exporting highly toxic sludge that ended up dumped in Ivory Coast.
The stinking waste was eventually linked to the deaths of 16 people and thousands of illnesses in 2006.
The court also found the company guilty of covering up the hazardous nature of the waste when it first tried to unload its unusually toxic slops,
which included high levels of caustic soda, sulfur compounds and hydrogen sulfide, in the port of Amsterdam.
The nauseating sludge was pumped back on board after the company balked at treatment costs, and the ship, the Probo Koala, left with its load.
The ship then headed to Ivory Coast, where the sludge was dumped in several areas of Abidjan, the capital.

The Iraqi economy has gone through a roller coaster of changes for the last sixty years. In the first part of our analysis, we explore how Iraq fundamentally changed from an agricultural-based economy to one that relied solely on oil. We also question how this reliance on oil shaped the aftermath of Iraq’s economy and society after the Iran-Iraq war as well as the first Gulf war. Read more
Joseph E. Stiglitz,
EconomyWatch Contributor
Nouriel Roubini,
EconomyWatch Contributor
David Smith,
Investigative Journalist
Mohamed A. El-Erian,
EconomyWatch.com Contributor




