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WTO slashes 2023 global trade forecast as recession looms
WTO slashes 2023 global trade forecast as recession looms
by  AFP

The World Trade Organization on Wednesday dramatically lowered its global trade forecast for 2023, as Russia's war in Ukraine and other shocks take their toll on the world economy. Last week, Okonjo-Iweala warned that Russia's war in Ukraine, the climate crisis, food price and energy shocks plus the aftermath of the Covid-19 pandemic were creating the conditions for a world recession.

Musk-Twitter deal: a roller-coaster saga
Musk-Twitter deal: a roller-coaster saga
by  AFP

Elon Musk's pursuit of Twitter was a melodrama from the beginning -- a mercurial billionaire locked in a bitter fight with his favorite social media platform. Text messages revealed during the legal process showed how he briefly considered making a blockchain-based social media app.

EU signals shifts towards price cap on imported gas
EU signals shifts towards price cap on imported gas
by  AFP

The EU is "ready to discuss" a price cap on imported gas to bring down soaring energy costs, European Commission chief Ursula von der Leyen said Wednesday. "We are ready to discuss a cap on the price of gas that is used to generate electricity," von der Leyen told MEPs sitting in Strasbourg, France.

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