Tuesday, September 27

Tag: international trade

WTO Ministers Reach Deals on Fisheries, Food, COVID Vaccines | Business News
Business

WTO Ministers Reach Deals on Fisheries, Food, COVID Vaccines | Business News

By JAMEY KEATEN, Associated PressGENEVA (AP) — After all-night talks, members of the World Trade Organization early Friday reached a string of deals and commitments aimed to limit overfishing, broaden production of COVID-19 vaccines in the developing world, improve food security and reform a 27-year-old trade body that has been back on its heels in recent years.WTO Director-General Nzogi Okonjo-Iweala, after a pair of sleepless nights in rugged negotiations, concluded the WTO’s first ministerial conference in 4-1/2 years by trumpeting a new sense of cooperation at a time when the world faces crises like Russia's war in Ukraine and a once-in-a-century pandemic that has taken millions of lives.“The package agreements you have reached will make a difference to the lives of people around the w...
Russia Hits Kyiv With Missiles; Putin Warns West on Arms | Business News
Business

Russia Hits Kyiv With Missiles; Putin Warns West on Arms | Business News

By JOHN LEICESTER, Associated PressKYIV, Ukraine (AP) — Russia took aim Sunday at Western military supplies for Ukraine, launching airstrikes on Kyiv that it claimed destroyed tanks donated from abroad, as Vladimir Putin warned that any Western deliveries of longer-range rocket systems would prompt Moscow to hit “objects that we haven't yet struck.”The Russian leader's cryptic threat of military escalation did not specify what the new targets might be. It came days after the United States announced plans to deliver $700 million of security assistance for Ukraine that includes four precision-guided, medium-range rocket systems, as well as helicopters, Javelin anti-tank systems, radars, tactical vehicles and more.Military analysts say Russia hopes to overrun Ukraine's embattled eastern indus...
Biden Launches Indo-Pacific Trade Deal, Warns Over Inflation | Business News
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Biden Launches Indo-Pacific Trade Deal, Warns Over Inflation | Business News

By JOSH BOAK and AAMER MADHANI, Associated PressTOKYO (AP) — President Joe Biden on Monday launched a new trade deal with 12 Indo-Pacific nations aimed at strengthening their economies as he warned Americans worried about high inflation that it was “going to be a haul” before they feel relief. The president said he does not believe an economic recession is inevitable in the U.S.Biden, speaking at a news conference after holding talks with Japan’s Prime Minister Fumio Kishida, acknowledged the U.S. economy has “problems” but said they were "less consequential than the rest of the world has.”He added: “This is going to be a haul. This is going to take some time," even as he rejected the idea a recession in the U.S. was inevitable.The comments came just before Biden's launch of the Indo-Pacif...