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Mar 11th
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Political Concepts

Views on the News - 11 Rabi-al-Awwal 1431

Views on the News - 11 Rabi-al-Awwal 1431

World trade plummets by 12%

Global trade flows contracted by a catastrophic 12% in 2009, the fastest pace since the second world war, Pascal Lamy, director general of the World Trade Organisation revealed today, as he urged its 153 member countries to breathe new life into the ailing Doha trade round. This latest estimate is considerably worse than the WTO's previous forecast of a 10% decline for last year, underlining the hefty costs of the financial crisis for the world economy. "The main explanation for this freefall in trade has been the simultaneous reduction in aggregate demand across all major world economies," Lamy told a conference in Brussels.

 

Weekly News Summary - 22 Safar 1431

Weekly News Summary - 22 Safar 1431 Chief Constable warns terror fight will take decadesThe British government's plan to tackle violent extremism will require decades to take effect, a top police officer ...

Weekly News Summary - 15 Safar 1431

Weekly News Summary - 15 Safar 1431 Nearly half of Americans admit to anti-Muslim bias The level of anti-Muslim prejudice - 43 percent of Americans admitted feeling at least "a little" - is more than twi...

Weekly News Summary - 8 Safar 1431

Weekly News Summary - 8 Safar 1431 France accuses US of occupying Haiti France accused the US of "occupying" Haiti on Monday as thousands of American troops flooded into the country to take charge of aid...

Weekly News Summary - 22 Muharram 1431

Weekly News Summary - 22 Muharram 1431 €750 fine for anyone wearing veil in FranceA French MP says he will soon put forward legislation that would make wearing face-covering Muslim veils in public an offen...
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