Tom's Feed
Jan 19, 2015

ILO chief laments failure to tackle inequality at Davos

GENEVA (Reuters) – World leaders meeting in Davos this week are likely to agree that inequality is a problem but unlikely to do anything about it, the head of the International Labour Organization said.

ILO Director-General Guy Ryder, speaking in Geneva before heading to attend the Alpine conference, said a feature of the annual meeting was the glaring gap between words and actions of participants over the issue.

Jan 16, 2015

SNB’s Jordan defends shock move, says reaction overdone

GENEVA, Jan 16 (Reuters) – Reaction to the Swiss National
Bank’s scrapping of its cap on the value of the Swiss franc has
been overdone, the bank’s President Thomas Jordan said in a
newspaper interview on Friday.

“We see significant excesses in current exchange rates,” he
told Le Temps and Neue Zuercher Zeitung, adding that the bank
had been aware that its shock move could have a major impact,
and it could take some time for markets to find equilibrium.

Jan 15, 2015

Who wants to buy a hotel? Swiss Alps in shock over franc’s rise

GENEVA/ZURICH, Jan 15 (Reuters) – The Swiss Alps already
looked pricey before the Swiss National Bank dropped its
currency bombshell on Thursday. Now Swiss tourism fears being
frozen out altogether.

As the central bank’s shock decision to scrap a cap on the
Swiss franc pushed the currency up nearly 30 percent, some
businesses were already reporting cancellations as visitors
rushed to rearrange their plans for the busy winter season.

Jan 14, 2015

China’s Li to headline Davos in “year of destiny”

GENEVA (Reuters) – At least 40 heads of state and government are expected at next week’s meeting of the rich and powerful at the Swiss ski resort of Davos, where Chinese Prime Minister Li Keqiang will give a keynote speech, the organisers said on Wednesday.

The World Economic Forum, the Geneva-based thinktank that organises the annual get-together, said 2,500 politicians, executives, central bankers, religious leaders and others would convene to consider “The new global context” – the theme of this year’s meeting.

Jan 14, 2015

U.N. Libya meeting makes faltering start, seeks unity govt

GENEVA, Jan 14 (Reuters) – U.N.-sponsored talks in Geneva
between rival Libyan factions aim to reach agreement to form a
unity government, the United Nations envoy for Libya said on
Wednesday, as he tried to launch talks which only one side to
the conflict has formally endorsed.

The European Union has called negotiations a “last chance”
to resolve the crisis in Libya, where a standoff between two
rival governments and allied armed factions threatens to slide
into civil war three years after Muammar Gaddafi’s demise.

Jan 12, 2015

After Ebola, WHO blames governments and seeks more clout

GENEVA (Reuters) – The World Health Organization says governments flouted their obligations during the Ebola crisis and wants more power to tackle health emergencies in future, documents published by the international agency showed on Monday.

The Geneva-based U.N. health organization has been heavily criticized for its slow response to the Ebola epidemic, which has now killed at least 8,371 people out of more than 21,000 cases in Liberia, Sierra Leone and Guinea.

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.