Tom's Feed
Dec 19, 2014

EU widens trade row with new Boeing subsidy claim

GENEVA (Reuters) – The European Union opened a new front in a decade-old dispute over aircraft subsidies on Friday, launching a complaint at the World Trade Organization alleging illegal tax breaks in Boeing’s (BA.N: Quote, Profile, Research, Stock Buzz) home state of Washington.

The EU said the Pacific coast state, historically the base for nearly all Boeing’s plane manufacturing, broke global trade rules by offering tax incentives to persuade the company to manufacture its latest model, the 777X, there.

Dec 18, 2014

EU wants U.S. embargo of Cuba to end but accepts will take time

GENEVA (Reuters) – The European Union, which once launched a lawsuit to try to break the U.S. economic embargo on Cuba, said on Thursday it still wanted the blockade lifted but it was prepared to wait.

The United States and Cuba agreed on Wednesday to restore diplomatic ties after more than 50 years and U.S. President Barack Obama said he was ending what he called a rigid and outdated policy of isolating Cuba.

Dec 14, 2014

Shock treatment: what’s missing from Sierra Leone’s Ebola response

GENEVA (Reuters) – The failure of Sierra Leone’s strategy for fighting Ebola may be down to a missing ingredient: a big shock that could change people’s behavior and finally prevent further infection.

Bruce Aylward, the head of Ebola response at the World Health Organisation, said Sierra Leone was well placed to contain the disease — its worst outbreak on record — with infrastructure, organization and aid.

Dec 12, 2014

WTO talks fail to clinch deal on trillion dollar IT tariff cuts

GENEVA, Dec 12 (Reuters) – Talks on cutting trade tariffs on
hundreds of information technology goods failed to reach
agreement on Friday, diplomats at the World Trade Organization
(WTO) said.

“We don’t have a deal,” one trade ambassador told Reuters as
he entered the closed-door meeting.

Dec 11, 2014

Trillion dollar IT trade deal on a knife-edge at the WTO

GENEVA, Dec 11 (Reuters) – A trillion dollar deal at the
World Trade Organisation to reduce tariffs in the vast
information technology sector will stand or fall in the next 24
hours, trade diplomats said on Thursday.

Countries representing 97 percent of global IT commerce are
trying to agree on expanding the WTO’s Information Technology
Agreement, which would be the first global pact on tariff cuts
for over a decade.

Dec 8, 2014

Ebola gives W. Africa a chance to rebound stronger: UNICEF head

GENEVA (Reuters) – West Africa’s Ebola epidemic may have a silver lining because public health in one of the world’s poorest regions can emerge stronger, the head of the U.N. children’s agency said in an interview on Monday.

“I do believe that will happen in this area. There is now a shock of recognition – of the importance of strong health care systems,” UNICEF Executive Director Anthony Lake told Reuters.

Dec 8, 2014

Vestel asks Turkey for emergency import duties on mobile phones

GENEVA, Dec 8 (Reuters) – Turkish electronics and domestic
appliances maker Vestel has asked the government to
impose emergency import tariffs on mobile phones, according to a
filing from Turkey published by the World Trade Organization on

Such “safeguard tariffs” are permitted if a country can show
that a surge in imports is damaging domestic producers, but they
may be challenged by other WTO members. Turkey said in the
filing that it would examine the case and invited interested
parties to apply to have their comments taken into account.

Dec 4, 2014

Blame your boss, not China, for stagnant wage growth: ILO

GENEVA (Reuters) – Stagnant wage growth in rich countries is a result of corporate penny-pinching and not competition from cheap Chinese labour, the International Labor Organization said on Friday.

Average wages in developed countries have grown only 0.4 percent since 2009 despite a 5.3 percent increase in workers’ productivity, the ILO said in its latest Global Wage Report.

Dec 4, 2014

Women in Europe, Russia, Brazil should earn more than men: ILO

GENEVA (Reuters) – Women in work in large parts of the world are better educated, more experienced and more productive than their male counterparts on average, but are still paid less, the International Labor Organization said on Friday.

In its latest Global Wage Report, the ILO found men were paid more than women in all of the 38 countries examined, showing the ‘gender pay gap’ remains firmly entrenched around the world.

Dec 2, 2014

Sierra Leone lags in Ebola fight, but prognosis is ‘very good’

FREETOWN/GENEVA (Reuters) – Sierra Leone does not yet have enough beds in treatment centers to isolate Ebola patients, but overall, the tide of the disease is being turned, the United Nations and World Health Organization said on Monday.

“The global response to the Ebola crisis has succeeded in turning this crisis around,” Anthony Banbury, head of the U.N. Ebola Emergency Response Mission, told reporters in Freetown. “But clearly there are places that are still in serious crisis.”