Cabinet officials
The Economic Coordination Committee (ECC) of the Cabinet increased the dealers' margin for motor spirit (MS) and high-speed diesel (HSD) and lifted the ban on imported goods, excluding Auto CBU, Mobile CBU, and Home Appliance CBU. The decision aims to curtail the rising current account deficit (CAD) and follows
Cabinet officials
As European countries brace for a potential gas shortage this winter, Russian energy giant Gazprom has further reduced gas flows to Europe via the Nord Stream 1 pipeline to 20% of maximum capacity, German network operator Gascade reported on Wednesday. This move comes as EU energy ministers agreed to a
Cabinet officials
As the federal government continues its efforts to punish Russia economically for its invasion of Ukraine, Ontario agriculture groups and representatives of Canada's fertilizer sector are warning that cash crop farmers and consumers are the ones bearing the cost. Ontario agriculture groups are calling on the federal government
Cabinet officials
Penny Mordaunt, the trade minister, was accused by her departmental boss, International Trade Secretary Anne-Marie Trevelyan, of prioritizing her leadership bid over ministerial duties. Trevelyan claimed that Mordaunt's absence from meetings had forced colleagues to pick up the pieces on several occasions. The controversy comes as the Tory
International trade
Boris Johnson's ethics adviser, Christopher Geidt, has released a statement clarifying the reasons for his resignation, revealing that the Prime Minister's handling of partygate and UK government plans to extend tariffs on steel imports had contributed to his decision to leave. In a letter to the
International trade
WTO Director-General Ngozi Okonjo-Iweala emphasized the need for international cooperation to address global crises, including the COVID-19 pandemic, food shortages, climate change, and regional conflicts. She stated that the world is facing multiple challenges and that no single country can solve them alone. Okonjo-Iweala highlighted the progress made by the
Cabinet officials
Anupriya Patel, the Minister of State for Commerce and Industry, emphasized India's commitment to global vaccination efforts, stating that a strong and sustained global recovery is contingent upon an equitable vaccine roll-out. Addressing the 9th EAS-EMM via webinar, Patel highlighted India's success in administering over 740
Cabinet officials
Vietnamese Minister of Industry and Trade Nguyen Hong Dien led a delegation to economic ministerial-level consultation meetings between ASEAN and its partners, including the US, Hong Kong (China), India, the European Union, and Russia. The meetings, held via video conference, focused on strengthening trade ties and implementing agreements. ASEAN member
International trade
The 9/11 terrorist attacks on the World Trade Center led to a massive shift in the aviation industry, presenting an opportunity for Michael O'Leary and Ryanair to place a large order with Boeing that catapulted the airline into scale. This strategic move has been instrumental in establishing
International trade
The aftermath of the September 11 attacks in 2001 marked a significant turning point in the history of immigration in the United States. The creation of the Department of Homeland Security (DHS) with sweeping powers to enforce immigration laws has had far-reaching consequences, transforming the lives of both documented and
Cabinet officials
Ukrainian Minister of Economy, Trade and Agriculture Ihor Petrashko and European Commission Commissioner for Agriculture Janusz Wojciechowski discussed the renewal of the Association Agreement between Ukraine and the EU, with a focus on agricultural cooperation. The countries aim to deepen their relations, increase trade and economic opportunities, and address pressing
Cabinet officials
Global leaders and citizens have hailed the appointment of Dr. Ngozi Okonjo-Iweala as the Director-General of the World Trade Organisation (WTO), marking a major milestone for Africa and women in international trade. The 66-year-old economist, who is the first African and first female to hold the position, has been praised
