Tom's Feed
Mar 26, 2015

U.S. questions China at WTO on banking technology restrictions

GENEVA (Reuters) – The United States is concerned about China’s restrictions on the use of foreign information technology equipment by the banking sector, according to a filing published by the World Trade Organization on Thursday.

U.S. business groups have already complained about the new rules, which China announced in December, and senior officials including Secretary of State John Kerry have written to their Chinese counterparts about them.

Mar 25, 2015

U.N. tells backers of Libya’s rival sides to pressure them for peace

GENEVA (Reuters) – International backers of Libya’s rival factions must pressure the warring groups to work out a political deal and help to choke off the supply of guns to the country, a U.N. official said on Wednesday.

The United Nations has been sponsoring talks to encourage the rival factions to form a unity government as a way to stop the conflict in the oil-producing country.

Mar 23, 2015

Turkey urged to shun Vestel’s bid to protect mobile phone sector

GENEVA, March 23 (Reuters) – The European Union and Taiwan
have said a bid by Turkish appliance manufacturer Vestel to get
Ankara to impose emergency import tariffs on mobile phones would
probably be illegal if it is approved, according to documents
published on Monday.

Turkey notified the World Trade Organization (WTO) in
December that Vestel had sought “safeguard” tariffs
to protect Turkish phone producers against a surge in imports.

Mar 17, 2015

U.S. wants WTO to stamp out evasion of antidumping duties

GENEVA (Reuters) – The United States wants members of the World Trade Organization to support a crackdown on schemes which help companies evade “antidumping duties” – punitive import tariffs levied on unfair foreign competition.

“Over the years, the United States has witnessed a dramatic increase in activities expressly designed to evade the application of antidumping duties,” the United States said in a communication to other WTO members.

Mar 17, 2015

Africa builds an appetite for Islamic finance, says IDB unit

GENEVA, March 17 (Reuters) – Nigeria and Ivory Coast are
looking to emulate Senegal’s successful move into the market for
Islamic bonds, the head of the Islamic Corporation for the
Development of the Private Sector (ICD) told Reuters.

Despite strong growth in the Middle East and Southeast Asia,
Islamic finance has lagged in Africa, home to a quarter of the
world’s Muslims, presenting an opportunity for ICD, the private
sector arm of the Jeddah-based Islamic Development Bank

Mar 16, 2015

U.N. Eritrea inquiry finds clear patterns of rights violations

GENEVA (Reuters) – A United Nations investigation into human rights in Eritrea has found “very clear patterns” of violations and an absence of rule of law, an interim report said on Monday.

Eritrea’s poor human rights situation has been blamed for a huge exodus of migrants from the Horn of Africa nation. Eritrea is the second largest source of migrants after Syria making perilous trips across the Mediterranean to Europe.

Mar 13, 2015

Governments should talk to Islamic State to get aid access: UNICEF

GENEVA (Reuters) – Countries should negotiate with Islamic State to persuade it to let U.N. children’s agency UNICEF into areas the militants control, the aid organization’s representative in Syria said on Friday.

Other U.N. agencies say they are struggling to get vital aid to millions of civilians in territory held by the fighters – but Islamic State is refusing to talk to them.

Mar 12, 2015

In smartwatch war, Swatch goes for cheap, quick and China

CORGEMONT, Switzerland (Reuters) – The world’s largest watchmaker unveiled its riposte to Apple Inc’s smartwatch on Thursday, announcing a plan to put cheap programmable chips in watches that will let wearers from China to Chicago make payments with a swipe of the wrist.

Swatch Group will start offering watches with near field communication (NFC) chips within two months, chief executive Nick Hayek said at a news conference on the company’s annual results which were released last month.

Mar 12, 2015

Swatch adds tech features to watches, positive on 2015

CORGEMONT, Switzerland, March 12 (Reuters) – Swatch Group
, the world’s largest watchmaker, on Thursday said it
would compete with Apple Inc’s upcoming smartwatch by
baking inexpensive chips into existing watch lines to allow
consumers to make payments with a swipe of their wrist.

Chief Executive Nick Hayek told the company’s annual results
news conference that the outlook for 2015 results was “very
good” despite the surge in the value of the Swiss franc.

Mar 11, 2015

Waning interest is biggest risk in race to overcome Ebola – WHO

GENEVA, March 11 (Reuters) – Waning interest in Ebola could
jeopardise efforts to stamp out the world’s worst recorded
outbreak of the disease, the World Health Organization said on

Case numbers have fallen to a low level and it should be
possible to stop transmission by mid-year, but the disease is
“not waning” and it is much too early to assume the outbreak
will end, said WHO Assistant Director General Bruce Aylward.