FILE PHOTO: A woman rides a bicycle from bicycle-sharing system

WTO lacks expertise to examine currency valuations as trade issue: WTO chief

By Andrea Shalal WASHINGTON (Reuters) – Trade is not a driving factor in determining currency rates around the world, and the Geneva-based World Trade Organization lacks the expertise to address the issue, the body’s director general, Roberto Azevedo, said on Tuesday. Azevedo’s comments came a day after the U.S. Commerce Department finalized a new rule […]

Japan calls for ‘timely’ G20 action to combat coronavirus fallout

By Tetsushi Kajimoto TOKYO (Reuters) – Japan called on Group of 20 (G20) finance leaders to take timely policy steps to tackle global economic risks posed by the coronavirus outbreak, its finance minister Taro Aso said. Aso said after a conference call with his G20 counterparts that the nature of the crisis was different from […]

EU presses China over trade, warns on Hong Kong law

BRUSSELS (Reuters) – The European Union told China on Monday to make good on a promise to open up its economy and warned of “very negative consequences” if Beijing goes ahead with a new security law on Hong Kong that the West says will curtail basic rights. Speaking after video calls with Chinese Premier Li […]