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WTO reform talks coming to the crunch

WTO reform talks coming to the crunch

The ambassador facilitating talks on reforming the World Trade Organization voiced cautious optimism Friday on prospects for progress at a high-level meeting in the Cameroonian capital. Reforming the beleaguered global trade body is at the heart of the WTO's four-day ministerial conference -- its main decision-taking

The cities attracting the most Millennial transplants

The cities attracting the most Millennial transplants

The cities attracting the most Millennial transplants Millennials now make up an estimated 36% of the workforce, making this cohort highly valuable to any local economy. With more flexibility than ever due to remote work and rapidly developing technologies, many Millennial households opt to move locations in pursuit of job

US court overturns $16.1 bn judgment against Argentina over oil firm seizure

US court overturns $16.1 bn judgment against Argentina over oil firm seizure

A US appeals court on Friday overturned a $16.1 billion judgment against Argentina for nationalizing the oil company YPF in 2012. The ruling was a big victory for President Javier Milei as he tries to boost Argentina's troubled economy. "We won the YPF trial," Milei

Mideast war leaves 6,000 tonnes of tea stuck at Kenya port

Mideast war leaves 6,000 tonnes of tea stuck at Kenya port

Between 6,000 and 8,000 tonnes of tea, worth around $24 million, is stuck at Kenya's port of Mombasa because of the war in the Middle East, trade officials said Friday. The East African Tea Trade Association (EATTA) manages auctions at the port city, which serves as

Overnight petrol queues in Ethiopia as war shortages hit

Overnight petrol queues in Ethiopia as war shortages hit

Ethiopians said Friday they slept in their cars in hours-long queues for petrol as shortages caused by the Middle East war began to take their toll. The effective blockade of the Strait of Hormuz by Iran, through which a fifth of the world's oil and gas normally

E-commerce in the crosshairs at WTO in digital taxes battle

E-commerce in the crosshairs at WTO in digital taxes battle

The future of digital taxes is dividing countries at the World Trade Organization, with the moratorium that has prohibited customs duties on electronic transmissions since 1998 front and centre in the debate. The moratorium is highly important for developed countries -- notably for the United States, which is calling for it

Volkswagen in talks with defence firms on use of Germany plant: CEO

Volkswagen in talks with defence firms on use of Germany plant: CEO

Struggling German carmaker Volkswagen is in talks with defence firms to repurpose a plant in northern Germany for the production of military transport equipment, the firm's boss said Friday. Europe's biggest auto manufacturer is battling a crisis due to factors ranging from a stuttering shift to