Tue, 21-Oct-2025

WTO chief says ‘cautiously optimistic’ ahead of high-stakes meet

WTO

Chief Ngozi Okonjo-Iweala optimistic for “one or two deliverables”. World ministers to discuss Ukraine crisis, overfishing, and Covid vaccines. India has demanded a 25-year exemption, which critics say would be catastrophic. The World Trade Organization’s chief expressed cautious optimism on Sunday as global trade ministers gathered to address food security issues such as Russia’s invasion … Read more

EU cuts eurozone growth forecast as Ukraine war bites

Ukraine

The European Commission reduced its eurozone growth forecast for 2022 to 2.7 percent on Monday, blaming rising energy prices on Russia’s invasion of Ukraine. The war also prompted the EU’s executive to revise its eurozone inflation forecast for 2022, with consumer prices expected to rise by 6.1 percent year on year, significantly higher than the … Read more