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The Latest Breaking News from Ngozi OkonjoIweala

WTO chief warns of 'tough' economic outlook as trade ministers gather in Abu Dhabi

The head of the World Trade Organization warned on Monday that war, uncertainty and instability are weighing down the global economy and urged the bloc to embrace reform as elections across nearly half the world's population could bring new challenges.

France 24

WTO Convenes Ministers In UAE With Slim Hopes For Breakthrough

The world's trade ministers gathered in the UAE on Monday for a high-level WTO meeting with no clear prospects for breakthroughs, amid geopolitical tensions and disagreements.

International Business Times

WTO Chief Insists Global Trade Body Still Counts

The head of the World Trade Organization insisted Friday the WTO was still relevant as it prepares for its main gathering with few major deals on the table.

International Business Times

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Big Trade Deals Likely Elusive At WTO Meet In Abu Dhabi

The world's trade ministers could put the final touches to a historic fisheries deal when they meet in Abu Dhabi later this month, but other landmark agreements will likely prove more elusive.

International Business Times

CEO of major Nigerian bank killed in helicopter crash in California's Mojave Desert

The CEO of one of Nigeria's largest banks was killed Friday along with his wife and son when a helicopter they were riding in crashed near Interstate 15 in Southern California's Mojave Desert.

WEKU

6 Killed In Helicopter Crash In California

The CEO of a major Nigerian bank, along with his wife and son, was among the six that died in the crash near the California-Nevada border.

International Business Times

Tata Steel accused of ‘industrial vandalism’ over plan to cut up to 2,800 UK jobs – as it happened

Tata Steel confirmed plans to close two Welsh blast furnaces and cut up to 2,800 jobs

The Guardian - UK

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WTO chief urges countries to prioritise subsidies that tackle climate crisis

Ngozi Okonjo-Iweala says current incentives are distorting world trade and hampering fight against climate breakdown

The Guardian - UK

'Unintended Consequences': Friction At COP28 Over Green Trade

Inside the negotiating rooms and on the sidelines of the COP28 climate talks, simmering tensions over wealthy countries' "green trade" policies have been bubbling to the surface, with developing nations fearful they will be penalised.

International Business Times

German minister: Next World Bank boss should be a woman

The next World Bank president should be a woman, Germany's international development minister told Reuters in remarks that could strengthen the potential candidacy of Ngozi Okonjo-Iweala, the American-Nigerian head of the World Trade Organization.

Reuters

World Government Summit Discusses AI

The governments' adoption of Artificial Intelligence (AI) technologies has become inevitable, which is no longer an option, according to the UAE Minister of Cabinet Affairs and Chairman of the World Government Summit (WGS) Organization, Mohammad al-Gergawi. Gergawi is expected to witness an upcoming biological revolution surpassing the technological revolution, and…

Asharq Al-Awsat

New Zealand's Jacinda Ardern is resigning. Is there a lesson for other politicians?

Political experts say that other global leaders can learn from Ardern's moment of gracefully bowing out while keeping reputations largely intact.

WEKU

DAVOS 2023: WTO sticks with 1% projection for growth in global trade

The head of the World Trade Organization (WTO) said on Friday it was sticking with its 1% projection for global trade growth in 2023 - for now.

Reuters

Trade head: How to tackle the world's 'poly-crisis'

Countries can protect their supply chains without turning to protectionism, WTO director-general says.

Newsroom.co.nz

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ABC News

World Trade Organisation head says Australia should focus more on green hydrogen, less on coal

The head of the World Trade Organisation says Australia should aim to reduce its reliance on coal exports and instead focus on green hydrogen.

Reuters

COP27: WTO chief seeks to revive green trade talks

The head of the World Trade Organization aims to revive negotiations on a global environmental trade deal, she told Reuters, as part of efforts to give the trade watchdog a bigger role in tackling climate change.

The Independent UK

WTO predicts trade growth to slow next year amid crises

The World Trade Organization is predicting global trade volumes to grow a lackluster 1% next year as higher energy prices, rising interest rates and uncertainties about Chinese manufacturing output amid the lingering COVID-19 pandemic weigh on markets

Bangkok Post

WTO chief: World economy edging into recession

The head of the World Trade Organization (WTO) added her voice to a growing chorus of observers who see the global economy headed into a recession.

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Reuters

WTO can reach deals on 'difficult' topics by early 2024 - WTO chief

The head of the World Trade Organization said on Tuesday the 164-member body can negotiate more ambitious deals, such as on agriculture, climate change and internal reform by its next major meeting, after concluding a series of trade deals in June.

The Conversation

WTO head Ngozi Okonjo-Iweala: how trade can help beat inequality

In a recent study South Africa was identified as ranking first of 164 countries in the World Bank’s global poverty database. Underlying this inequality is its very high rates of unemployment. Professor Dori Posel spoke to World Trade Organisation (WTO) Director General Dr Ngozi Okonjo-Iweala about why trade is important…

The Guardian - UK

First WTO deal on fishing subsidies hailed as historic despite ‘big holes’

Environment groups welcome long-awaited deal to curb harmful subsidies but say key measures to curb overfishing were dropped

Reuters

No monologues allowed and dancing to 'I Will Survive': how the WTO's 'Geneva Package' was won

Since Ngozi Okonjo-Iweala took over as head of the World Trade Organization last year, one of her main bugbears has been the negotiating style of member countries, which she says is ineffective, inflexible and needs to change.

Radio France Internationale

WTO strikes 'unprecedented' trade deals on vaccine equity, fishing, food

Asharq Al-Awsat

WTO Strikes Landmark Deals Package after Tense Talks

The World Trade Organization concluded hard-won deals Friday on fishing subsidies, food insecurity and Covid-19 vaccines in a landmark bundle of agreements secured through hectic round-the-clock talks. WTO director-general Ngozi Okonjo-Iweala said the trade ministers' conference had struck an "unprecedented package of deliverables" which would make a difference to people's…

Al Jazeera

WTO passes ‘unprecedented’ trade package after fraught talks

Agreement comes after failure to reach consensus on ending harmful fishing subsidies and waiving IP for COVID vaccines.

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