news

WTO backs Australia in appeal over its tobacco packaging law

09.06.2020, 11:46

GENEVA - The World Trade Organization's appeals body ruled on Tuesday that Australia's tight laws on tobacco packaging were justified, rejecting complaints by Honduras and the Dominican Republic that they are unfair restrictions on trade.

Germany earmarks 500 million euros for electric car charging: sources

09.06.2020, 10:45

BERLIN - The German economy ministry wants to earmark 500 million euros ($567 million) from Berlin's bumper stimulus package to support the roll-out of charging stations for electric cars, two government sources told Reuters on Tuesday.

EU weighs single bid for WTO job; trade chief Hogan confirms interest

09.06.2020, 09:44

BRUSSELS - European Trade Commissioner Phil Hogan confirmed on Tuesday that he was considering a bid to become the next director-general of the World Trade Organization, as EU governments debated whether to unify around a single European candidate.

Thailand approves $300 million aid for drought-stricken sugarcane farmers

09.06.2020, 08:43

BANGKOK - Thailand approved 10 billion baht ($319 million) in aid on Tuesday for its sugarcane farmers, whose output has been hit by drought.

U.S. layoffs abate; job openings plunge

09.06.2020, 07:41

WASHINGTON - Layoffs in the United States fell in April, but remained the second highest on record, while job openings dropped, suggesting the labor market could take years to recover from the COVID-19 crisis despite a surprise rebound in employment in May.