US, EU team up against China in blasting world trade order
Washington
THE US and Europe argued the world trading system is failing to live up to expectations, even as China defended the existing order and urged countries to forge ahead with globalisation.
As trade ministers from around the world gathered for meetings of the World Trade Organization, the top US trade negotiator said the WTO is focused too much on refereeing legal complaints, which distracts from its core mission of expanding commerce.
"…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US to reduce licensing by 80% for UK, Australia to boost Aukus
IMF tells Asian central banks not to follow Fed too closely
UN chief warns Mideast on brink of 'full-scale regional conflict'
IMF boss says ‘all eyes’ on US amid risks to global economy
UK financial sector seeks stronger accountability of regulators
US weekly jobless claims unchanged at low levels