GENEVA (Reuters) – The United States promised its trading partners on Tuesday that it would make changes to a controversial method for calculating duties on unfairly priced imports.
But Japan and the European Union said assurances that Washington would comply with repeated condemnations from dispute panels and the appeal court at the World Trade Organization did not go far enough and left many questions unanswered.
GENEVA, Jan 25 (Reuters) – A faltering and uneven increase
in jobs is holding back the overall economic recovery and
unemployment is likely to continue at near record levels this
year, the International Labour Organisation said on Tuesday.
Weak job creation is particularly devastating for young
people, and official figures understate the true number of
unemployed as many people have given up looking for work, the
United Nations jobs agency said.
The ILO released the bleak report on the eve of the annual
meeting in Davos of business and political leaders, who are
confronted this year by growing economic disparity between and
within countries, and an apparent inability of the international
community to deal with the problem.
Presenting the ILO’s “Global Employment Trends 2011,
executive director Jose Manuel Salazar-Xirinachs said the
recovery in economic growth will lose momentum this year.
GENEVA, Jan 23 (Reuters) – The founder of whistleblower site
WikiLeaks attacked Switzerland on Sunday for arresting a Swiss
banker on suspicion of breaching banking secrecy instead of
investigating the tax evasion he said he had uncovered.
In an interview published in the Swiss weekly Der Sonntag,
Julian Assange, whose website has angered Washington by
releasing confidential U.S. diplomatic cables, said
Switzerland’s actions were drawing renewed international
attention to its controversial banking practices.
The days when anti-capitalist protesters could rampage through Switzerland’s financial capital Zurich in rage at the Davos talkfest 100 miles (150 km) to the east are long gone.
A couple of hundred anti-globalisation activists managed to rally in the nearby town of St. Gallen on Saturday against the annual meeting of the World Economic Forum opening this week. Braving a vicious north-east wind, they assembled near the station then marched peacefully through the centre of town, barely disrupting the good burghers as they went about their weekend shopping. At the front of the demo a large red banner proclaimed: “Take the future from the capitalists – Smash the WEF”.