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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
transparency international

These Are the Most Corrupt Countries In the World

By
Jonathan Chew
Jonathan Chew
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By
Jonathan Chew
Jonathan Chew
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January 27, 2016, 11:40 AM ET
Approximately 25 thousand people, according to organizers,
RIO DE JANEIRO, BRAZIL - 2015/03/15: Approximately 25 thousand people, according to organizers, took the Copacabana Beach and Cinelandia, in the south, to protest against the government of President Dilma Rousseff for massive corruption scandal at state oil giant Petrobras. (Photo by Fabio Teixeira/Pacific Press/LightRocket via Getty Images)Photograph by Fabio Teixeira — Pacific Press LightRocket via Getty Images

Somalia and North Korea are listed as the worst-performing countries when it comes to dealing with corruption.

In the Corruption Perceptions Index 2015 published by Transparency International—an organization that tracks corrupt practices worldwide—both countries finished last in the annual list, which scores countries on their perceived levels of public sector corruption.

Other countries that experienced significant drops in the index include Brazil, a nation that has been roiled by the Petrobas scandal involving politicians receiving kickbacks for awarding public contracts. The South American country dropped seven spots to place 76th out of 168 countries.

Overall, 68% of countries worldwide are said to have a “serious corruption problem,” said Transparency International.

“The 2015 Corruption Perceptions Index clearly shows that corruption remains a blight around the world,” said José Ugaz, the organization’s chairman, in a statement.

The best-performing country on the list? That would be Denmark, which displayed key characteristics such as high levels of press freedom, publicly-available data and independent judiciary. Northern Europe occupied four of the top five-ranking spots, and the U.S.A. also enjoyed its best placing on the index since it began in 1995, placing 16th.

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By Jonathan Chew
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