NewsRack: 'Trade' news in 'Business' topic for user newstrust (25,136-25,156 of 33,436)

WTO says US ban on Chinese poultry is illegal

By 2010-09-29T15:21:22Z

GENEVA (AP) -- The World Trade Organization has ruled that a U.S. ban on Chinese poultry is illegal, giving Beijing a win in the first international commerce ruling against the administration of President Barack Obama....

The US House of Representatives is set to vote on a bill that is intended to pave the way to trade sanctions on China.

GENEVA - The World Trade Organization called on the United States on Wednesday to cut its farm subsidies, saying that they were so "considerable" that they could affect market prices.

In a report analysing Washington's policies since 2007, the trade body said that while promoting its exports, the United States should also reduce "distorting measures ... including ... support for agriculture."

The WTO noted that support granted to the sector under the multi-billion-dollar 2008 Farm Act are mostly "linked to prices and or production."

WORLD WAR I NOW OFFICIALLY OVER: On September 26, 2010 — 92 years after the WWI officially ended — Germany made her last payment of $94 million in reparations “to private individuals, pension funds and corporations holding debenture bonds as agreed under the Treaty of Versailles.” As Keynes rightly predicted, the unreasonably high French demands [...]

WTO says US ban on Chinese poultry is illegal

A group of European elder statesmen is calling for a rethink of Nato nuclear policy ahead of November's Lisbon summit A first draft of Nato's new strategic concep t was distributed to member state ambassadors in Brussels this week, for consideration before defence and foreign ministers meet on October 14, and the Lisbon summit a month later. So far, there has been no sign that the draft has anything much to say on rethinking Nato's nuclear stance, and in particular on what to do with the estimated 200 remaining US tactical nuclear weapons, B61 gravity bombs , scattered around European air bases. The Nato experts group , chaired by Madeleine Albright, took the view that the alliance should hold on to them, despite their military obsolescence, to trade with Russia. In April, Hillary Clinton also batted aside calls from Germany, Belgium, Netherlands, Norway and Luxembourg to rethink the continued deployment of B61s, and she was backed by the Nato secretary general, Anders Fogh Rasmussen . ...

Dubai’s economy is still the most globally integrated in the Middle East, but it has had to curb some excesses.

The best reason why America should not welcome a stronger Chinese currency is, to put it crudely, military.

by Michael Winship

DUBLIN - The last time I was here in Ireland, eight years ago, the Celtic Tiger was still roaring. The country had zoomed from poverty to wealth, enjoying an unprecedented economic boom, with unemployment down to 4.5 percent and consumer spending and average wages at all-time highs.