
Global trade services growth weakens as coronavirus spreads
The World Trade Organization's services trade barometer shows a further decline from last September.
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The World Trade Organization's services trade barometer shows a further decline from last September.
U.S. President Donald Trump sent a US$4.8 trillion budget plan to Congress proposing deep cuts to international organizations and global health programs.
The E.U.'s top Brexit negotiator said it will rely on other international organizations to "continue to engage positively" once the U.K. exits in 2020.
The E.U. plans to create "the first climate-neutral continent by 2050," a three-decade blueprint to sustainably overhaul Europe's trade, industry and politics.
The global commerce system suffered a serious blow when WTO's appellate body was brought to a halt by U.S. opposition to refilling judges on its bench.
G-20 foreign ministers agreed WTO reforms are urgently needed to boost its relevance amid an escalating U.S.-China trade war.
The Paris Peace Forum promoted what French President Emmanuel Macron described as a need for "balanced cooperation" among nations.
France and China urged more global cooperation on climate, biodiversity and trade after the U.S. began withdrawing from the 2015 Paris Agreement.
Tourism now accounts for about 1-in-10 jobs worldwide, but it uses up significant amounts of energy and other resources.
The summit in France was overshadowed by fears of an escalating trade war between the United States and China.
As host to the talks, Japan played peacemaker between the U.S. and nations antagonized by Trump's protectionism.
Finance leaders from the world's 20 biggest economies projected moderate global growth and recovery later this year and into 2020, but warned of risks from a prolonged trade war.
Businesses and consumers are subject to "a patchwork of rules" from bilateral and regional trade agreements.
Data worth an estimated $10 trillion — equal to twice Japan's GDP — moves through underwater cables every day.
The biggest beneficiaries are likely to be the E.U., Mexico, Japan, Canada, South Korea, India, Australia and Brazil.
WTO's stalled negotiations re-emerged on the last day of the World Economic Forum's annual meeting in Davos.