A multi-national corporation ( MNC ; also called a multi-national enterprise ( MNE ), trans-national enterprise ( TNE ), trans-national corporation ( TNC ), international corporation , or state less corporation , ) is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC to distinguish it from international portfolio investment organizations , such as some international mutual funds that invest in corporations abroad solely to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multi-national corporation "if it derives 25% or more of its revenue from out-of-home-country operations".
130-577: Edexcel (also known since 2013 as Pearson Edexcel ) is a British multinational education and examination body formed in 1996 and wholly owned by Pearson plc since 2005. It is the only privately owned examination board in the United Kingdom. Its name is a portmanteau term combining the words ed ucation and excel lence . Edexcel regulates school examinations under the British Curriculum and offers qualifications for schools on
260-458: A Guardian editorial in 2002 condemned antisemitism and defended the paper's right to criticise the policies and actions of the Israeli government, arguing that those who view such criticism as inherently anti-Jewish are mistaken. Harriet Sherwood, then The Guardian 's foreign editor, later its Jerusalem correspondent, has also denied that The Guardian has an anti-Israel bias, saying that
390-421: A 27-year-old British Muslim and journalism trainee from Yorkshire . Aslam was a member of Hizb ut-Tahrir , an Islamist group, and had published a number of articles on their website. According to the newspaper, it did not know that Aslam was a member of Hizb ut-Tahrir when he applied to become a trainee, though several staff members were informed of this once he started at the paper. The Home Office said that
520-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents
650-661: A comparable standard as the GCE Advanced Level . In addition, Edexcel provides the Edexcel International Diploma (ID) which involves the study of 4 A-Levels (3 full A-Levels and 1 AS-Level in either General Studies or Global Development). The British curriculum offered by the Edexcel International board is among the most taught at International Schools along with the curricula offered by Cambridge International Examinations and,
780-508: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in
910-426: A daily circulation of 105,134. The newspaper is available online; it lists UK, US (founded in 2011), Australian (founded in 2013), European, and International editions, and its website has sections for World, Europe, US, Americas, Asia, Australia, Middle East, Africa, New Zealand , Inequality, and Global development. The paper's readership is generally on the mainstream left of British political opinion, and
1040-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to
1170-510: A growing fire. There is no knowing what kind of explosion will follow." On 24 August 1959, The Manchester Guardian changed its name to The Guardian . This change reflected the growing prominence of national and international affairs in the newspaper. In September 1961, The Guardian , which had previously only been published in Manchester , began to be printed in London. Nesta Roberts
1300-452: A humorous column by Charlie Brooker in its entertainment guide, the final sentence of which was viewed by some as a call for violence against U.S. President George W. Bush ; after a controversy, Brooker and the paper issued an apology, saying the "closing comments were intended as an ironic joke, not as a call to action". Following the 7 July 2005 London bombings , The Guardian published an article on its comment pages by Dilpazier Aslam ,
1430-490: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized
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#17327795127081560-474: A nation having slavery as its basis". There was a comment that "an effort had been made in a leading article of the Manchester Guardian to deter the working men from assembling together for such a purpose". The newspaper reported all this and published their letter to President Lincoln while complaining that "the chief occupation, if not the chief object of the meeting, seems to have been to abuse
1690-453: A profit making business, due to the wide range of Edexcel-endorsed text books published by Pearson, the international multi-billion company which owns the board. In 2007 it was reported that teachers using Edexcel Music examinations were allowing students to listen to confidential listening paper CDs several days before the examination, by abusing the trust given by the exam board to only check for technical issues. Other exam boards do not allow
1820-692: A role in the Balfour Declaration . In 1948 The Manchester Guardian was a supporter of the new State of Israel. Ownership of the paper passed in June 1936 to the Scott Trust (named after the last owner, John Russell Scott , who was the first chairman of the Trust). This move ensured the paper's independence. From 1930 to 1967, a special archival copy of all the daily newspapers was preserved in 700 zinc cases. These were found in 1988 whilst
1950-467: A scalpel over a dotted shape of the Gaza Strip on his stomach. The caption read: "Residents of Gaza, get out now." Due to what has been seen by some as a reference to Shakespeare's Shylock 's "pound of flesh", it prompted accusations that it was antisemitic. Bell said that he was inspired by the 1960s "Johnson's Scar" cartoon by David Levine of U.S. president Lyndon B Johnson within the context of
2080-615: A series of acts abhorrent to every true notion of constitutional right and human liberty", adding: "it is doubtless to be regretted that he had not the opportunity of vindicating his good intentions". According to Martin Kettle , writing for The Guardian in February 2011: " The Guardian had always hated slavery. But it doubted the Union hated slavery to the same degree. It argued that the Union had always tacitly condoned slavery by shielding
2210-420: A speech "and the hate-gospellers of his entourage" that it encouraged readers to vote Conservative in the 1951 general election and remove Clement Attlee's post-war Labour government. The Manchester Guardian strongly opposed military intervention during the 1956 Suez Crisis : "The Anglo-French ultimatum to Egypt is an act of folly, without justification in any terms but brief expediency. It pours petrol on
2340-513: A wanton barrage of stones, steel bars, and other missiles. That still does not justify opening fire so freely." After the events of Bloody Sunday, John Widgery, Baron Widgery was appointed the head of a tribunal to investigate the killings. The resulting tribunal, known as the Widgery Tribunal , largely exonerated the actions of the soldiers involved in the incident. The Guardian published an article on 20 April 1972 which supported
2470-547: Is a step to which there is no obvious alternative." In 1983, the paper was at the centre of a controversy surrounding documents regarding the stationing of cruise missiles in Britain that were leaked to The Guardian by civil servant Sarah Tisdall . The paper eventually complied with a court order to hand over the documents to the authorities, which resulted in a six-month prison sentence for Tisdall, though she served only four. "I still blame myself", said Peter Preston , who
2600-570: Is not a less one; and we would not seek the abolition even of the former through the imminent hazard of the latter". It suggested that the United States should compensate slave-owners for freeing slaves and called on President Franklin Pierce to resolve the 1856 "civil war", the Sacking of Lawrence due to pro-slavery laws imposed by Congress. In 1860, The Observer quoted a report that
2730-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in
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#17327795127082860-465: Is that Mr Lloyd George is fighting to enfranchise seven million women and the militants are smashing unoffending people's windows and breaking up benevolent societies' meetings in a desperate effort to prevent him." Scott thought the Suffragettes' "courage and devotion" was "worthy of a better cause and saner leadership". It has been argued that Scott's criticism reflected a widespread disdain, at
2990-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon
3120-436: Is wrong to state that Tel Aviv – the country's financial and diplomatic centre – is the capital. The style guide has been amended accordingly." On 11 August 2014 the print edition of The Guardian published a pro-Israeli advocacy advert during the 2014 Israel–Gaza conflict featuring Elie Wiesel , headed by the words "Jews rejected child sacrifice 3,500 years ago. Now it's Hamas' turn." The Times had decided against running
3250-561: The Sunday Times , so phone-hacking will surely be to The Guardian : a defining moment in its history. In recent decades, The Guardian has been accused of biased criticism of Israeli government policy and of bias against the Palestinians. In December 2003, columnist Julie Burchill cited "striking bias against the state of Israel" as one of the reasons she left the paper for The Times . Responding to these accusations,
3380-980: The British East India Company founded in 1600 and the Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include the Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over
3510-638: The FTSE 100 companies. Internal documents relating to Barclays Bank 's tax avoidance were removed from The Guardian website after Barclays obtained a gagging order . The newspaper played a pivotal role in exposing the depth of the News of the World phone hacking affair . The Economist 's Intelligent Life magazine opined that: As Watergate is to the Washington Post , and thalidomide to
3640-521: The Hôtel Ritz in Paris, which would have amounted to accepting a bribe on Aitken's part. Aitken publicly stated that he would fight with "the simple sword of truth and the trusty shield of British fair play". The court case proceeded, and in 1997 The Guardian produced evidence that Aitken's claim of his wife paying for the hotel stay was untrue. In 1999, Aitken was jailed for perjury and perverting
3770-546: The International Baccalaureate Organization . On 3 April 2013, Pearson rebranded Edexcel and all of its exams 'Pearson Edexcel', in line with a name change that added the prefix 'Pearson' to all of its brands. As Edexcel is the only privately owned examination board in the UK, questions have been raised on whether the examination board is acting in the best interest of students, or solely as
3900-574: The Kosovo War in 1998–1999. The Guardian stated that "the only honourable course for Europe and America is to use military force". Mary Kaldor 's piece was headlined "Bombs away! But to save civilians, we must get in some soldiers too." In the early 2000s, The Guardian challenged the Act of Settlement 1701 and the Treason Felony Act 1848 . In October 2004, The Guardian published
4030-500: The Manchester Guardian ". Lincoln replied to the letter thanking the workers for their "sublime Christian heroism" and American ships delivered relief supplies to Britain. The newspaper reported the shock to the community of the assassination of Abraham Lincoln in 1865, concluding that "[t]he parting of his family with the dying President is too sad for description", but in what from today's perspective looks an ill-judged editorial wrote that "[o]f his rule we can never speak except as
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4160-665: The Royal Ulster Constabulary (RUC), The Guardian called for the British Armed Forces to be deployed to the region, arguing that their deployment would "present a more disinterested face of law and order" than the RUC." On 30 January 1972, troops from the 1st Battalion, Parachute Regiment opened fire on a Northern Ireland Civil Rights Association march, killing fourteen people in an event that would come to be known as Bloody Sunday . In response to
4290-503: The Scott Trust Limited . The trust was created in 1936 to "secure the financial and editorial independence of The Guardian in perpetuity and to safeguard the journalistic freedom and liberal values of The Guardian free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for The Guardian the same protections as were built into
4420-765: The Union blockade was causing suffering in British towns . Some including Liverpool supported the Confederacy as did "current opinion in all classes" in London. On 31 December 1862, cotton workers held a meeting at the Free Trade Hall in Manchester which resolved "its detestation of negro slavery in America, and of the attempt of the rebellious Southern slave-holders to organise on the great American continent
4550-576: The Vietnam War . In August 2004, for the US presidential election , the daily G2 supplement launched an experimental letter-writing campaign in Clark County , Ohio, an average-sized county in a swing state . Editor Ian Katz bought a voter list from the county for $ 25 and asked readers to write to people listed as undecided in the election, giving them an impression of the international view and
4680-617: The 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from the Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for
4810-456: The Act would encourage emancipation in other slave-owning nations to avoid "imminent risk of a violent and bloody termination." However, the newspaper argued against restricting trade with countries that had not yet abolished slavery. Complex tensions developed in the United States. When the abolitionist George Thompson toured, the newspaper said that "[s]lavery is a monstrous evil, but civil war
4940-423: The Confederacy to self-determination. It criticised Lincoln's Emancipation Proclamation for not freeing all American slaves. On 10 October 1862, it wrote: "It is impossible to cast any reflections upon a man so evidently sincere and well-intentioned as Mr Lincoln but it is also impossible not to feel that it was an evil day both for America and the world, when he was chosen President of the United States". By then,
5070-553: The Edexcel Foundation (the charity that managed the board) formed a partnership with Pearson plc to set up a new company called London Qualifications Ltd, which was 75% owned by Pearson and 25% by the Edexcel Foundation. London Qualifications Limited changed its name to Edexcel Limited in November 2004 and is now known colloquially as Edexcel and formally as Edexcel Pearson - London Examinations. In 2005, Edexcel became
5200-551: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are
5330-521: The Holy City of Jerusalem" and calling on all member states with diplomatic missions in the city to withdraw. The UN has reaffirmed this position on several occasions, and almost every country now has its embassy in Tel Aviv. While it was therefore right to issue a correction to make clear Israel's designation of Jerusalem as its capital is not recognised by the international community, we accept that it
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5460-575: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from
5590-511: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across
5720-558: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,
5850-570: The PCC retracted its original ruling, leading to the newspaper's acknowledgement that it was wrong to call Tel Aviv Israel's capital. The Guardian later clarified: "In 1980, the Israeli Knesset enacted a law designating the city of Jerusalem, including East Jerusalem, as the country's capital. In response, the UN security council issued resolution 478, censuring the "change in character and status of
5980-726: The Soviet Embassy and had taken benefits from the KGB on overseas visits. Gott resigned from his post. Gordievsky commented on the newspaper: "The KGB loved The Guardian . It was deemed highly susceptible to penetration." In 1995, both the Granada Television programme World in Action and The Guardian were sued for libel by the then cabinet minister Jonathan Aitken , for their allegation that Harrods owner Mohamed Al Fayed had paid for Aitken and his wife to stay at
6110-464: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use
6240-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax
6370-541: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in
6500-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with
6630-614: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by
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#17327795127086760-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in
6890-629: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that
7020-711: The VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization , the European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in
7150-507: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of
7280-464: The ad, although it had already appeared in major American newspapers. One week later, Chris Elliott expressed the opinion that the newspaper should have rejected the language used in the advert and should have negotiated with the advertiser on this matter. In October 2023, The Guardian stated it would not renew the contract of cartoonist Steve Bell after he submitted a cartoon featuring Netanyahu, with his shirt open, wearing boxing gloves and holding
7410-469: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,
7540-742: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding
7670-654: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices
7800-574: The company. In subsequent years, however, The Guardian has hired various commentators on US affairs including Ana Marie Cox , Michael Wolff , Naomi Wolf , Glenn Greenwald and George W. Bush's former speechwriter Josh Treviño . Treviño's first blog post was an apology for a controversial tweet posted in June 2011 over the second Gaza flotilla, the controversy which had been revived by the appointment. Guardian US launched in September 2011, led by editor-in-chief Janine Gibson , which replaced
7930-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet
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#17327795127088060-634: The continuing "cruelty and injustice" to slaves in the West Indies long after the abolition of the slave trade with the Slave Trade Act 1807 wanted fairness to the interests and claims both of the planters and of their oppressed slaves. It welcomed the Slavery Abolition Act 1833 and accepted the "increased compensation" to the planters as the "guilt of slavery attaches far more to the nation" rather than individuals. Success of
8190-433: The course of justice . In May 1998, a series of Guardian investigations exposed the wholesale fabrication of a much-garlanded ITV documentary The Connection , produced by Carlton Television. The documentary purported to film an undiscovered route by which heroin was smuggled into the United Kingdom from Colombia. An internal inquiry at Carlton found that The Guardian ' s allegations were in large part correct and
8320-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as
8450-430: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). The Guardian The Guardian is a British daily newspaper . It was founded in Manchester in 1821 as The Manchester Guardian , and changed its name in 1959, followed by a move to London. Along with its sister papers, The Observer and The Guardian Weekly , The Guardian is part of the Guardian Media Group , owned by
8580-423: The diffusion of just principles of Political Economy and ... support, without reference to the party from which they emanate, all serviceable measures". In 1825, the paper merged with the British Volunteer and was known as The Manchester Guardian and British Volunteer until 1828. The working-class Manchester and Salford Advertiser called The Manchester Guardian "the foul prostitute and dirty parasite of
8710-406: The exam on Twitter . On a Sky News segment, presenter Adam Boulton answered one of the paper's 'hardest' questions with a former maths teacher. As a result, GCSE students across the UK signed a petition made by a candidate requesting that the exam board lowers the grade boundaries as the examination was too hard. An additional petition was started by a 17-year-old student requesting to "Ensure
8840-402: The exam paper were circulated online prior the exam sitting, and found one centre (out of thirty-eight possible suspect centres in one geographic location), who were visited at a very short notice, to have committed a serious and "possibly criminally motivated" security breach of the A-Level maths paper. Students expressed frustration about the incident; BBC News reported that students believed
8970-494: The exam was too high and unlike anything seen in past papers. One online petition to lower grade boundaries was signed by thousands of users. Before results day, Pearson Edexcel released a video addressing students about the difficulty concerns and mentioned that independent experts did confirm that the exam was "fair and valid". They acknowledged the first two questions of the exam were more difficult than anticipated, and also claimed that they would make "small adjustments" to "improve
9100-527: The existence of the surveillance program PRISM after knowledge of it was leaked to the paper by the whistleblower and former National Security Agency contractor Edward Snowden . In 2016, The Guardian led an investigation into the Panama Papers , exposing then–Prime Minister David Cameron 's links to offshore bank accounts . It has been named "newspaper of the year" four times at the annual British Press Awards : most recently in 2014, for its reporting on government surveillance. The Manchester Guardian
9230-427: The experience" of the exam for future students. Further controversy ensued after the Paper 3 of the new specification Mathematics A-Level (9MA0/3H – sat 14 June), appeared to have been accessed by someone who, late in the night before the exam sitting, posted on Twitter that they would sell a copy of the exam paper for £70. Pearson Edexcel launched an investigation after becoming aware that some scribbled out images of
9360-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of
9490-402: The group's "ultimate aim is the establishment of an Islamic state (Caliphate), according to Hizb ut-Tahrir via non-violent means". The Guardian asked Aslam to resign his membership of the group and, when he did not do so, terminated his employment. In early 2009, The Guardian started a tax investigation into a number of major UK companies, including publishing a database of the tax paid by
9620-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to
9750-425: The importance of voting against President George W. Bush. Katz admitted later that he did not believe Democrats who warned that the campaign would benefit Bush and not opponent John Kerry . The newspaper scrapped "Operation Clark County" on 21 October 2004 after first publishing a column of responses—nearly all of them outraged—to the campaign under the headline "Dear Limey assholes". Some commentators suggested that
9880-670: The incident could have the potential to affect their results. Pearson Edexcel stated that they have "well-established processes to ensure fair and accurate results" and that "grade boundaries will not be affected". On 17 June Edexcel stated that the compromised questions could be removed from the overall assessment, as well as undertaking additional statistical analysis to identify irregular result patterns for particular centres or students. About 60,000 students were affected in this incident. Two men aged 29 and 32 were arrested on 24 June on suspicion of theft. The men were released under investigation while inquiries continued. Ahead of results day, it
10010-460: The incident, The Guardian argued that "Neither side can escape condemnation... The organizers of the demonstration, Miss Bernadette Devlin among them, deliberately challenged the ban on marches. They knew that stone throwing and sniping could not be prevented, and that the IRA might use the crowd as a shield ." The Guardian further stated that "It is certainly true that the army cordons had endured
10140-576: The international and regional scale. It is the UK's largest awarding organisation offering academic and vocational qualifications in schools, colleges and work places in the UK and abroad. It is also recognised internationally. In 2019, Edexcel was the focus of significant controversy following a leak of an A-level examination. Edexcel was formed in 1996 by the merger of two bodies, the BTEC (Business & Technology Education Council) and ULEAC (University of London Examinations and Assessment Council). In 2003,
10270-576: The international oil market. Iran was unable to sell any of its oil. In August 1953, the then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by
10400-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as
10530-488: The language and footnoting this change. The Guardian ' s style guide section referred to Tel Aviv as the capital of Israel in 2012. In 2012, media watchdog HonestReporting filed a complaint with the Press Complaints Commission (PCC) after The Guardian ran a correction apologizing for "wrongly" having called Jerusalem as Israel's capital. After an initial ruling supporting The Guardian ,
10660-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)
10790-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,
10920-560: The library. Traditionally affiliated with the centrist to centre-left Liberal Party , and with a northern, non-conformist circulation base, the paper earned a national reputation and the respect of the left during the Spanish Civil War (1936–1939). George Orwell wrote in Homage to Catalonia (1938): "Of our larger papers, the Manchester Guardian is the only one that leaves me with an increased respect for its honesty". With
11050-494: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent
11180-543: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without
11310-478: The mill-owners' champions had the upper hand. The influential journalist Jeremiah Garnett joined Taylor during the establishment of the paper, and all of the Little Circle wrote articles for the new paper. The prospectus announcing the new publication proclaimed that it would "zealously enforce the principles of civil and religious Liberty ... warmly advocate the cause of Reform ... endeavour to assist in
11440-430: The most-read of the UK's "quality newsbrands", including digital editions; other "quality" brands included The Times , The Daily Telegraph , The Independent , and the i . While The Guardian ' s print circulation is in decline, the report indicated that news from The Guardian , including that reported online, reaches more than 23 million UK adults each month. Chief among the notable " scoops " obtained by
11570-428: The new Mathematics A-Level for the 2,000 students who sat it after studying it for one year. Ofqual said "We want to understand why the grade boundaries were so different between the two years.", and had called the significant shifts in boundaries "unusual". None of the exam boards decided to re-open the 2018 award, after being asked to look at them again by the regulator. This could potentially result in students who sat
11700-488: The new specification Mathematics A-Level (9MA0) in 2018 having their results changed. Multinational corporation Most of the current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with the history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were
11830-421: The new specification Mathematics A-Level (9MA0), candidates needed to score 14% (43 marks out of 300) to pass. OCR (another British exam board) also had similarly low grade boundaries. After these extremely low grade boundaries added flavour to many news headlines, Ofqual said that they were confident the grade boundaries this year were "sound", so shifted their focus onto the previous year's grade boundaries for
11960-676: The newly elected president Abraham Lincoln was opposed to abolition of slavery. On 13 May 1861, shortly after the start of the American Civil War , the Manchester Guardian portrayed the Northern states as primarily imposing a burdensome trade monopoly on the Confederate States , arguing that if the South was freed to have direct trade with Europe, "the day would not be distant when slavery itself would cease". Therefore,
12090-514: The newspaper asked "Why should the South be prevented from freeing itself from slavery?" This hopeful view was also held by the Liberal leader William Ewart Gladstone . There was division in Britain over the Civil War, even within political parties. The Manchester Guardian had also been conflicted. It had supported other independence movements and felt it should also support the rights of
12220-641: The newspaper's archives were deposited at the University of Manchester 's John Rylands University Library , on the Oxford Road campus. The first case was opened and found to contain the newspapers issued in August 1930 in pristine condition. The zinc cases had been made each month by the newspaper's plumber and stored for posterity. The other 699 cases were not opened and were all returned to storage at The Guardian ' s garage, owing to shortage of space at
12350-455: The occupation of the agents of the Union is gone. They live on strife ... ." In March 2023, an academic review commissioned by the Scott Trust determined that John Edward Taylor and nine of his eleven backers had links to the Atlantic slave trade through their interests in Manchester's textile industry. The newspaper opposed slavery and supported free trade . An 1823 leading article on
12480-616: The only large examination board to be held in private hands, when Pearson plc took complete control. Edexcel subsequently received investment from their new parent company. Edexcel also offers IAL, known as International Advanced Levels. It is offered only to schools outside the UK. It is considered by the UK NARIC (the National Recognition Information Centre for the United Kingdom) to be of
12610-610: The paper aims to cover all viewpoints in the Israeli–Palestinian conflict . On 6 November 2011, Chris Elliott, The Guardian ' s readers' editor, wrote that " Guardian reporters, writers and editors must be more vigilant about the language they use when writing about Jews or Israel", citing recent cases where The Guardian received complaints regarding language chosen to describe Jews or Israel. Elliott noted that, over nine months, he upheld complaints regarding language in certain articles that were seen as anti-Semitic, revising
12740-535: The paper from the estate of Taylor's son in 1907. Under Scott, the paper's moderate editorial line became more radical, supporting William Gladstone when the Liberals split in 1886, and opposing the Second Boer War against popular opinion. Scott supported the movement for women's suffrage , but was critical of any tactics by the suffragettes that involved direct action : "The really ludicrous position
12870-523: The paper was the 2011 News International phone-hacking scandal —and in particular the hacking of the murdered English teenager Milly Dowler 's phone. The investigation led to the closure of the News of the World , the UK's best-selling Sunday newspaper and one of the highest-circulation newspapers in history. In June 2013, The Guardian broke news of the secret collection by the Obama administration of Verizon telephone records, and subsequently revealed
13000-604: The practice of checking discs, with AQA specifically instructing teachers not to open the packages containing the CDs before exams. In 2013, the loss of an A-Level C3 Mathematics exam being delivered to an international school in Amsterdam led to a replacement paper being published for the Summer examination series. However, 60 students took the original paper due to it mistakenly being handed out in two UK and two overseas centres, while
13130-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in
13260-646: The pro-Liberal News Chronicle , the Labour -supporting Daily Herald , the Communist Party 's Daily Worker and several Sunday and weekly papers, it supported the Republican government against General Francisco Franco 's insurgent nationalists. The paper's then editor, A. P. Wadsworth , so loathed Labour's left-wing champion Aneurin Bevan , who had made a reference to getting rid of "Tory Vermin" in
13390-424: The project and hire a staff of American reporters and web editors. The site featured news from The Guardian that was relevant to an American audience: coverage of US news and the Middle East, for example. Tomasky stepped down from his position as editor of Guardian America in February 2009, ceding editing and planning duties to other US and London staff. He retained his position as a columnist and blogger, taking
13520-476: The public's dislike of the campaign contributed to Bush's victory in Clark County. In 2007, the paper launched Guardian America , an attempt to capitalise on its large online readership in the United States, which at the time stood at more than 5.9 million. The company hired former American Prospect editor, New York magazine columnist and New York Review of Books writer Michael Tomasky to head
13650-508: The public's trust of specific titles online, The Guardian scored highest for digital-content news, with 84% of readers agreeing that they "trust what [they] see in it". A December 2018 report of a poll by the Publishers Audience Measurement Company stated that the paper's print edition was found to be the most trusted in the UK in the period from October 2017 to September 2018. It was also reported to be
13780-477: The radical reformers, writing: "They have appealed not to the reason but the passions and the suffering of their abused and credulous fellow-countrymen, from whose ill-requited industry they extort for themselves the means of a plentiful and comfortable existence. They do not toil, neither do they spin, but they live better than those that do." When the government closed down the Manchester Observer ,
13910-611: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When
14040-418: The replacement paper was taken by 34,000 students. The replacement paper was criticised for its unusually high difficulty level, and there were concerns that the students taking the original paper would be unfairly marked. In June 2015, students across the United Kingdom who had taken an Edexcel GCSE Maths paper expressed anger and confusion over questions that "did not make sense" and were "ridiculous", mocking
14170-706: The representation of women on the A-Level Music syllabus." The petition asks that music composed by women be added to the Edexcel A-Level Music syllabus which "has a total of 63 different set works from a variety of musical genres and eras." After six days, the petition had over 1,800 signatures and was featured in The Guardian . In June, Paper 3 of the Mathematics GCSE (Higher Tier, 1MA1/03) appeared to contain an exam question which
14300-502: The southern slave states from the condemnation they deserved. It was critical of Lincoln's emancipation proclamation for stopping short of a full repudiation of slavery throughout the US. And it chastised the president for being so willing to negotiate with the south, with slavery one of the issues still on the table." C. P. Scott made the newspaper nationally recognised. He was editor for 57 years from 1872, and became its owner when he bought
14430-501: The strong influence of the United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against
14560-471: The structure of the Scott Trust by its creators. Profits are reinvested in its journalism rather than distributed to owners or shareholders . It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main newsprint sections have been published in tabloid format . As of July 2021 , its print edition had
14690-431: The term " Guardian reader" is used to imply a stereotype of a person with modern liberal , left-wing or " politically correct " views. Frequent typographical errors during the age of manual typesetting led Private Eye magazine to dub the paper the "Grauniad" in the 1970s, a nickname still occasionally used by the editors for self-mockery. In an Ipsos MORI research poll in September 2018 designed to interrogate
14820-456: The then industry regulator, the ITC, punished Carlton with a record £2 million fine for multiple breaches of the UK's broadcasting codes. The scandal led to an impassioned debate about the accuracy of documentary production. Later in June 1998, The Guardian revealed further fabrications in another Carlton documentary from the same director. The paper supported NATO 's military intervention in
14950-455: The time, for those women who "transgressed the gender expectations of Edwardian society ". Scott commissioned J. M. Synge and his friend Jack Yeats to produce articles and drawings documenting the social conditions of the west of Ireland; these pieces were published in 1911 in the collection Travels in Wicklow, West Kerry and Connemara . Scott's friendship with Chaim Weizmann played
15080-553: The title editor-at-large. In October 2009, the company abandoned the Guardian America homepage, instead directing users to a US news index page on the main Guardian website. The following month, the company laid off six American employees, including a reporter, a multimedia producer and four web editors. The move came as Guardian News and Media opted to reconsider its US strategy amid a huge effort to cut costs across
15210-477: The tribunal and its findings, arguing that "Widgery's report is not one-sided". In response to the introduction of internment without trial in Northern Ireland, The Guardian argued that "Internment without trial is hateful, repressive and undemocratic. In the existing Irish situation, most regrettably, it is also inevitable... To remove the ringleaders, in the hope that the atmosphere might calm down,
15340-496: The world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902) was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States
15470-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to
15600-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations
15730-474: The worst portion of the mill-owners". The Manchester Guardian was generally hostile to labour's claims. Of the 1832 Ten Hours Bill, the paper doubted whether in view of the foreign competition "the passing of a law positively enacting a gradual destruction of the cotton manufacture in this kingdom would be a much less rational procedure." The Manchester Guardian dismissed strikes as the work of outside agitators, stating that "if an accommodation can be effected,
15860-637: Was appointed as the newspaper's first news editor there, becoming the first woman to hold such a position on a British national newspaper. During the early period of the Troubles , The Guardian supported British state intervention to quell disturbances between Irish Catholics and Ulster loyalists in Northern Ireland . After the Battle of the Bogside between Catholic residents of Derry and
15990-438: Was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for the seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and
16120-548: Was founded in Manchester in 1821 by cotton merchant John Edward Taylor with backing from the Little Circle , a group of non-conformist businessmen. They launched the paper, on 5 May 1821 (by chance the very day of Napoleon's death) after the police closure of the more radical Manchester Observer , a paper that had championed the cause of the Peterloo Massacre protesters. Taylor had been hostile to
16250-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but
16380-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from
16510-465: Was published in an AQA (another British exam board) Further Mathematics textbook . The exam question had the same diagram , values and answer as the question in the textbook. Pearson Edexcel said that they were investigating how this might have happened. After students sat the Paper 2 of the new specification Mathematics A-Level (9MA0), many students complained online expressing that the difficulty of
16640-489: Was revealed that 78 students who were suspected of being at an advantage from malpractice would have their results withheld. This is the largest number of candidates to be withheld results from a single malpractice incident. No news report on the charge or conviction status after the arrest went to the press After a leak of the A-Level Grade Boundaries ahead of results day, it emerged that in order to pass
16770-593: Was the editor of The Guardian at the time, but he went on to argue that the paper had no choice because it "believed in the rule of law". In a 2019 article discussing Julian Assange and the protection of sources by journalists, John Pilger criticised the editor of The Guardian for betraying Tisdall by choosing not to go to prison "on a fundamental principle of protecting a source". In 1994, KGB defector Oleg Gordievsky identified Guardian literary editor Richard Gott as "an agent of influence". While Gott denied that he received cash, he admitted he had had lunch at
16900-513: Was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore, the United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production
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