The International Monetary Fund has once again cut the world economic outlook. In the latest quarterly update the IMF put global growth at 3.2% this year, down from January's more optimistic projection of 3.4% In Washington Kevin McAleese reports...
Wednesday, 13 April 2016 09:12
The International Monetary Fund has once again cut the world economic outlook. In the latest quarterly update the IMF put global growth at 3.2% this year, down from January's more optimistic projection of 3.4% In Washington Kevin McAleese reports...

US trade chief sees only limited role for WTO
The World Trade Organisation will play only a limited role in global trade policy after a failed ministerial meeting in Cameroon, US Trade Representative Jamieson Greer said on Monday, vowing to seek alternative arrangements with like-minded countries.
Dubai South awards AED 2 billion contract for development of 'Hayat' project
Dubai South Properties has awarded a AED 2 billion contract for the development of multiple phases of the 'Hayat' project, a luxury master-planned community spanning 10 million square feet.
Australia to halve tax on fuel, underwrite spot cargoes
Australian Prime Minister Anthony Albanese has announced on Monday that the government would halve the excise on fuel and diesel and remove the heavy road user charge for three months to help households cope with a surge in costs driven by the Iran war.
Business leaders affirm strength of Dubai's diversified economic model
Leaders of Business Groups operating under the Dubai Chamber of Commerce say the emirate continues to build on a strong and resilient economic model, driven by diversification, close public-private sector collaboration, and the ability to respond quickly to global change.
WTO advances world’s first digital trade rules despite opposition
A group of World Trade Organisation members agreed on Saturday to sidestep adoption hurdles for the world's first baseline on digital trade rules, opting to bring the agreement into force among consenting participants, the WTO said.