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WTO Members to Adopt Pact to Help Small Economies Integrate into Global Trade System

December 14, 2015

Ahead of its historic meeting in Kenya this week, members of the World Trade Organization General Council decided on a pact aimed at addressing trade-related challenges faced by small vulnerable economies.

The agreement, which will be adopted by members during the WTO 10th Ministerial Conference in Nairobi this week, calls for integration of small vulnerable economies or least developed countries into the multilateral trading system. The draft proposal was presented last month by Committee on Trade and Development, a special committee of the organization assigned to review proposals submitted by members on a course of actions regarding trade issues.

in Markets, World Briefs

EXIM Bank Re-Opens Business After Five-Month Shutter by Congress

by Editor

December 7, 2015

The United States Export Import Bank is open for business once again after five months of waiting for reapproval from the U.S. Congress. The news followed several months of negotiations and political wrangling among members of U.S. Congressional caucus and Senate which resulted in the five-month lapse of the EXIM Bank operation.

in World Briefs

Obama Reassures America of Ongoing Efforts to Destroy Terrorists, But Urges Citizens to Resist Religious Phobia Against American Muslims

by Editor

December 7, 2015

Obama Reassures America of Ongoing Efforts to Destroy Terrorists But Urges Citizens to Resist Religious Phobia Against American Muslims. He underscored that “the threat from terrorism is real”, but said America “will overcome it. We will destroy ISIL and any other organization that tries to harm us. Our success wont depend on tough talk or abandon gin our values, or giving into fear. Instead, we will prevail by being strong and smart, resilient and relentless and by drawing upon every aspect of American power.”

in World Briefs

United States Freezes Financial Assets of Two Boko Haram Leaders

by Editor

December 1, 2015

United States Freezes Financial Assets of Two Boko Haram Leaders. The United States Department of Treasury on Tuesday announced that it will freeze all financial assets belonging to two Boko Haram leaders- Mohammed Nur and Mustafa Chad and have designated them as terrorists.

in World Briefs