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Conference Closes with “Death of Doha and Birth of New WTO”
The World Trade Organization (WTO) closed its Nairobi Conference over the weekend with some agreements and new directions many -- both in the negotiations and reporting on their outcome...
Largest Economy Outside WTO Poised to Join
If given the option to choose an economy that is the largest non-World Trade Organization (WTO) member, most people would not guess Iran. Most people would be wrong. If...
Portuguese Migrants Flood Angola for New Opportunities
The Angolan government announced the construction of a detention center that will hold large numbers of illegal arrivals from Portugal, according to the New York Times. Migrants have been...
Corporate Credit Crisis Worsens in U.S.
In America, investors’ concern over the prospect of defaults that could emerge in the corporate credit world, which has swollen in value by trillions of dollars since the financial...
World Bank: Agricultural Aid to Uzbekistan Despite Slavery Concerns
Uzbekistan has been a known user of forced labor for agricultural projects, such as harvesting cotton. Nevertheless, the World Bank plans to provide more than $500 million in financing...
Turkish Economy Improves amid Russian Sanctions
According to government data, the economy grew 4.0 percent in 2015, the fastest pace since 2014, surpassing analyst expectations, according to AFP. The good news may prompt the central...
Janet Yellen Defends Rate Hike, Points to Strong Economy
The job market is strong and Americans are in great economic shape, Federal Reserve Chairwoman Janet Yellen said in a press conference yesterday. After making a move that will...
World Bank to Take On Corruption in Fragile Nation States
According to the World Bank, about 1.5 billion people currently live in conflict zones, 19.5 million people live as refugees from these areas, and 38 million people have been...
Mexican Manufacturing Output Declines
Mexico's industrial sector slid 0.1 percent in October, which fell below analyst expectations of 0.25 percent, and mining dropped 0.6 percent that same month, according to Reuters. Slow oil...
Inflation: Timing is Everything
The Federal Reserve Bank in Cleveland measured the median Consumer Price Index at a 2.1 percent annualized rate in November, above the Federal Reserve’s 2 percent inflation target. Meanwhile,...