Deloitte audited the books of Hin Leong Trading Ltd. for at least 16 years before the firm collapsed last year when founding tycoon Lim Oon Kuin admitted trading losses of $808 million weren’t reflected in the firm’s financial statements, according to a court filing.

Brazilian judge orders Vale to pay victims’ families in 2019 mining disaster

Jun 12, 2021

The disaster in Brumadinho, Minas Gerais state, killed 270 people in Brazil’s most deadly mining tragedy has hampered Vale’s performance for two years as it was forced to curb production amid new safety protocols.

Judge Vivianne Celia Ferreira Ramos Correa agreed to the request of the Brumadinho iron mining workers union that the compensation be paid to the estate or heirs of the victims of the disaster, according to the ruling seen by Reuters.

Climate activism: US oil pipeline terminated

Jun 12, 2021

“The protest over the Keystone pipeline was a massive development in the climate movement,” and the project’s cancellation “is a testament to the effectiveness of collective citizen action,” said Robert Brulle, a visiting professor at Brown University who is an expert on environmental activism.

Ships skip Singapore as China congestion snarls supply chain

Jun 12, 2021

“The delays have already resulted in pressurizing soaring shipping prices within China due to a lack of containers and increased export demand,” said Josh Brazil, vice president of marketing at project44, a supply-chain intelligence firm. “These high shipping costs are just one factor that may contribute to an additional looming threat to global inflation.”

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