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WTO Blog | Trade imbalances and the limits of trade policy

[ad_1] By Marc Auboin, Eddy Bekkers, Ralph Ossa and Donal Smith Trade imbalances have long been a concern for policymakers, prompting calls for corrective trade measures. Recent tariff actions – framed in part as efforts to reduce bilateral deficits – fit this established pattern. Notable precedents include the United States–Japan trade tensions of the 1980s and the global imbalance debates

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U.S. Stocks Turning In Another Lackluster Performance

[ad_1] Following the lackluster performance seen in the previous session, stocks continue to experience choppy trading on Tuesday. The major averages have pulled back near the unchanged line after moving to the upside at the start of trading. Currently, the major averages are posting modest losses. The Dow is down 148.45 points or 0.3 percent at 44,689.11, the Nasdaq is

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US Rejects Two-State Solution Conference

[ad_1] The United States has rejected a UN-hosted conference on the implementation of the two-State solution, calling it “unproductive” and “publicity stunt.” Far from promoting peace, the conference will prolong the war, embolden Hamas, and reward its obstruction and undermine real-world efforts to achieve peace, the US State Department said in a statement. According to Secretary of State Marco Rubio,

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U.S. Job Openings Decrease Slightly Less Than Expected In June

[ad_1] The Labor Department released a report on Tuesday showing job openings in the U.S. decreased by slightly less than expected in the month of June. The report said job openings fell to 7.437 million in June from a downwardly revised 7.712 million in May. Economists had expected job openings to decrease to 7.400 million from the 7.769 million originally

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Sysco Guides FY26 Adj. EPS Below Estimates

[ad_1] While reporting financial results for the fourth quarter on Tuesday, Sysco Corp. (SYY) initiated its adjusted earnings growth and sales growth guidance for the full-year 2026. For fiscal 2026, the company now projects adjusted earnings in a range of $4.50 to $4.60 per share on sales between $84 billion and $85 billion, at a growth of 3 to 5

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Johnson Controls Boosts FY25 Adj. EPS Outlook

[ad_1] While reporting financial results for the third quarter on Tuesday, Johnson Controls International plc (JCI) provided its adjusted earnings and organic sales growth guidance for the third quarter. The company also raised its adjusted earnings outlook for the full-year 2025. For the third quarter, the company expects adjusted earnings in a range of about $1.14 to $1.17 per share

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UK Mortgage Approvals Data Due

[ad_1] Mortgage approvals from the UK and flash GDP from Spain are the top economic news due on Tuesday. At 3.00 am ET, Spain’s statistical office INE publishes flash GDP data and retail sales figures. The economy is forecast to grow at a steady pace of 0.6 percent in the second quarter. At 4.00 am ET, the European Central Bank

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Anakaputhur, a former weavers’ colony, now on the verge of development

[ad_1] Anakaputhur used to be known as Aanai Kattu Puthur or the place where elephants were tied up for the kings of nearby Pallavapuram or Pallavaram. File | Photo Credit: Special Arrangement Flanked on two sides by the Adyar River, Anakaputhur is a tiny, nondescript place that is now part of the Tambaram Corporation. The area is now poised to

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What is Saudi Arabia’s ‘In the Prophet’s Steps’? Over one million worldwide registered ahead of launch | World News

[ad_1] The project is expanding globally with planned rollouts in Indonesia, Malaysia, Turkey, and India to share the Hijrah experience/ Image: Saudi Gazzette Saudi Arabia’s immersive Hijrah experience opens in November. Over 1 million people have already registered. The 470 km route includes 41 restored sites and a Hijrah museum. Part of Vision 2030 to boost religious and cultural tourism.

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Nasdaq, S&P 500 End Choppy Trading Day At New Record Closing Highs

[ad_1] After moving modestly higher early in the session, stocks turned in a relatively lackluster performance over the course of the trading day on Monday. Despite the choppy trading, the Nasdaq and the S&P 500 reached new record closing highs. The Nasdaq rose 70.27 points or 0.3 percent to 21,178.58 and the S&P 500 inched up 1.13 points or less

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DG Okonjo-Iweala appoints new Deputy Director-General

[ad_1] WTO Director-General Ngozi Okonjo-Iweala announced the appointment of Jennifer DJ Nordquist of the United States as a new Deputy Director-General. DDG Nordquist will replace Angela Ellard, who will step down from her post at the end of August. [ad_2] Source link

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U.S. Stocks Modestly Higher After U.S., EU Reach Trade Deal

[ad_1] Extending the upward trend seen over the past several sessions, stocks have moved modestly higher during trading on Monday. With the continued advance, the Nasdaq and the S&P 500 have once again reached new record intraday highs. Currently, the Nasdaq is up 66.81 points or 0.3 percent at 21,175.13 and the S&P 500 is up 4.34 points or 0.1

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Tesla, Samsung Sign $16.54 Bln Chip Deal; Shares Gain

[ad_1] EV major Tesla Inc. and South Korean chip maker Samsung Electronics Co. Ltd. have entered into a contract worth around 22.76 trillion Korean Won or $16.54 billion for semiconductor contract manufacturing. Tesla founder and CEO Elon Musk in a post on the social media platform confirmed that Samsung will be making Tesla’s next-generation AI6 chip. Following the news, Samsung

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Trump Reducing Deadline For Putin To Agree To A Deal On Ukraine To 10-12 Days

[ad_1] President Donald Trump has announced that he is reducing the 50-day deadline he set for Russian President Vladimir Putin to agree to a deal on Ukraine to 10-12 days. Trump made this remark during his meeting with UK Prime Minister Keir Starmer at his golf course in Turnberry, Scotland, Monday. Earlier this month, Trump threatened to impose “very severe

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US-EU Trade Deal Agrees On 15% Import Duty On EU Goods

[ad_1] The United States and the European Union have reached a deal on tariffs and trade, agreeing on 15 percent import duty on vast majority of EU goods. This is just half of the rate that Trump had threatened to implement from August 1. This rate applies across most sectors, including cars, semiconductors and pharmaceuticals. “This 15% is a clear

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Pakistan: 3 TTP militants killed in Karachi; one masterminded attack on Chinese nationals in 2024

[ad_1] Three Tehreek-e-Taliban Pakistan (TTP) militants were killed in an encounter with Pakistani security forces in Karachi, officials confirmed on Monday. Among those killed was Zafran, who was identified as the mastermind of a November 2024 attack on two Chinese engineers in Pakistan’s largest city. He carried a bounty of Rs 20 million. The operation was conducted late Sunday night

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UK Retailers Log Sharp Decline In Sales In July: CBI

[ad_1] UK retailers reported another sharp decrease in sales in July, the latest Distributive Trades Survey results from the Confederation of British Industry showed on Monday. A net 34 percent of retailers said sales declined in July compared to 46 percent in June. A net 31 percent expects sales to fall again in August. A balance of 10 percent judged

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