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Memphis (AFP) - In the middle of the shrunken Mississippi, a barge drags a giant metal-edged suction head along the riverbed to remove sediment from shipping lanes. The crew of the dustpan dredge Hurley has been working around-the-clock for months to deepen the channels so boats and barges can pass through. "We've worked almost nonstop since last fall, everywhere from New Orleans up to St. Louis" in Missouri, said the vessel's captain Adrian Pirani, standing on the bridge. For the second straight year, water levels in North America's biggest river have dropped to record lows amid a lengthy d...
AFP
Abidjan (AFP) - Two of the world's largest cocoa producers have accused Hershey's and Mars of avoiding paying a bonus that helps boost poor farmers' incomes, and have cancelled sustainability schemes run by the confectionary giants.West African nations Ghana and Ivory Coast account for two-thirds of global cocoa production, but there have been long-running tensions with US multinationals over pricing.The Coffee Cocoa Council (CCC) and the Ghana Cocoa Board (Cocobod) on Monday accused Mars and Hershey's -- two of the world's top chocolate sellers -- of not paying the so-called living income dif...
AFP
New York (AFP) - A US court mostly sided with tax authorities in a dispute with Coca-Cola over how the soda giant reports income from some overseas markets, according to a ruling this week.The US Tax Court decision Wednesday largely upheld the Internal Revenue Service's arguments, concluding that the agency "did not abuse (its) discretion" in the case. The dispute centers on how Coca-Cola estimates income between 2007 and 2009 tied to licensed foreign manufacturing affiliates in Brazil, Ireland and some other countries that have lower tax rates than the US.The IRS sent a notice to Coca-Cola in...
AFP
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