World Trade

World Trade Centers Association and World Trade Center Accra Successfully Bring Together Over 300 Leaders Across 40+ Countries at the 53rd Annual WTCA General Assembly in Accra, Ghana

Retrieved on: 
Thursday, May 11, 2023

NEW YORK, May 11, 2023 /PRNewswire/ -- The World Trade Centers Association® (WTCA®) — an international trade organization connecting more than 300 World Trade Center® (WTC®) locations in nearly 100 countries —and World Trade Center (WTC) Accra have successfully concluded the 53rd annual WTCA General Assembly (GA) in Accra, Ghana. The five-day event, which took place April 23-27, brought together leaders and members of the global network of World Trade Center locations and their business networks — consisting of leaders from business, government, academia, media and international organizations — to hear insights from chief dignitaries representing Ghana, Namibia and the United States, and key experts; engage in roundtables and conversations; and explore new opportunities for growth and development across Africa. Themed "Towards African Economic Integration and Enhanced Global Presence," the event built on the WTCA's ongoing commitment to Africa.

Key Points: 
  • WTCA connected business leaders and B2B delegates leading to tangible business opportunities throughout Ghana and Africa, leveraging its core strength as a business enabler
    NEW YORK, May 11, 2023 /PRNewswire/ -- The World Trade Centers Association® (WTCA®) — an international trade organization connecting more than 300 World Trade Center® (WTC®) locations in nearly 100 countries —and World Trade Center (WTC) Accra have successfully concluded the 53rd annual WTCA General Assembly (GA) in Accra, Ghana.
  • Themed "Towards African Economic Integration and Enhanced Global Presence," the event built on the WTCA's ongoing commitment to Africa.
  • "With the outlook of demographic growth to double in the next 25 years, the opportunities are there in Africa.
  • The 54th annual WTCA GA is scheduled to take place in Bengaluru, India from March 3-6, 2024, and will be hosted by World Trade Center (WTC) Bengaluru.

World Trade Centers Association and World Trade Center Accra Successfully Bring Together Over 300 Leaders Across 40+ Countries at the 53rd Annual WTCA General Assembly in Accra, Ghana

Retrieved on: 
Thursday, May 11, 2023

NEW YORK, May 11, 2023 /PRNewswire/ -- The World Trade Centers Association® (WTCA®) — an international trade organization connecting more than 300 World Trade Center® (WTC®) locations in nearly 100 countries —and World Trade Center (WTC) Accra have successfully concluded the 53rd annual WTCA General Assembly (GA) in Accra, Ghana. The five-day event, which took place April 23-27, brought together leaders and members of the global network of World Trade Center locations and their business networks — consisting of leaders from business, government, academia, media and international organizations — to hear insights from chief dignitaries representing Ghana, Namibia and the United States, and key experts; engage in roundtables and conversations; and explore new opportunities for growth and development across Africa. Themed "Towards African Economic Integration and Enhanced Global Presence," the event built on the WTCA's ongoing commitment to Africa.

Key Points: 
  • WTCA connected business leaders and B2B delegates leading to tangible business opportunities throughout Ghana and Africa, leveraging its core strength as a business enabler
    NEW YORK, May 11, 2023 /PRNewswire/ -- The World Trade Centers Association® (WTCA®) — an international trade organization connecting more than 300 World Trade Center® (WTC®) locations in nearly 100 countries —and World Trade Center (WTC) Accra have successfully concluded the 53rd annual WTCA General Assembly (GA) in Accra, Ghana.
  • Themed "Towards African Economic Integration and Enhanced Global Presence," the event built on the WTCA's ongoing commitment to Africa.
  • "With the outlook of demographic growth to double in the next 25 years, the opportunities are there in Africa.
  • The 54th annual WTCA GA is scheduled to take place in Bengaluru, India from March 3-6, 2024, and will be hosted by World Trade Center (WTC) Bengaluru.

Africa's oceans are being protected to serve the interests of big foreign corporates

Retrieved on: 
Wednesday, April 26, 2023

But, in some countries, foreign interests dominate.

Key Points: 
  • But, in some countries, foreign interests dominate.
  • For instance, the continent’s oil exploration, shipping, ports infrastructure, and industrial fishing sectors are sometimes dominated by foreign companies.
  • They hardly focus on the protection of Africa’s marine resources, in particular from pollution and illegal fishing caused by foreign powers.
  • Failing to prioritise protecting African marine resources will push people further into poverty and continue the cycle of insecurity at sea.

Fighting piracy

    • Over 20 United Nations Security Council Resolutions or presidential statements have been issued on piracy in the Gulf of Aden (East Africa) and the Gulf of Guinea (West and Central Africa).
    • At the heights of piracy in the Gulf of Guinea, pirates accrued about US$4 million every year.
    • The first UN resolutions on piracy in Africa were introduced in the Gulf of Aden in 2008 and in the Gulf of Guinea in 2011.

Fish and the environment

    • But the problem is, the focus of African nations needs to be on the protection of fish stocks and the environment which affects the livelihoods and food sources of African citizens.
    • When there’s less fish catch, poverty increases as do the number of out of school children and poor health.
    • Reduced catch also led to a decrease in the availability, and an increase in prices, of fish for local consumption.

Illegal fishing

    • Illegal fishing, perpertrated largely by foreign fleets, exacerbates the depletion of fish stocks.
    • Despite the international coalition’s success in neutralising piracy in the Gulf of Aden, illegal fishing by foreign vessels continues to pose a significant threat to the food and economic security of millions of Africans.
    • What’s ironic is that illegal fishing has been cited as a major contributory factor to piracy in the Gulf of Aden.

Shifting focus

    • Its root causes – depleted fish stocks, loss of livelihoods and poverty – need to be addressed.
    • Achieving this balance requires several clear actions.

5 steps to be taken

    • This includes urging the UN to recognise illegal fishing and associated crimes as grave security threats.
    • International partners must go beyond rhetoric and stop financing the exploitation of the continent’s resources through subsidies that allows for legal exploitation of depleted species and illegal fishing.
    • Secondly, African states should adopt a holistic approach to maritime security that encourages cooperation and collaboration across sectors, as outlined in the AIMS 2050 and Lomé Charter.
    • Taking these steps will ensure that no one is left behind and that the continent’s prospects for future prosperity are not undermined.

Beer Institute Reacts to ITC Report on Aluminum Tariffs

Retrieved on: 
Wednesday, March 15, 2023

WASHINGTON, March 15, 2023 (GLOBE NEWSWIRE) -- Today, the Beer Institute, the oldest national trade organization representing the beer industry, reacted to the release of the U.S. International Trade Commission’s (ITC) newest report showing that U.S. companies, rather than China, bore the brunt of costs imposed by Section 232 tariffs on aluminum.

Key Points: 
  • WASHINGTON, March 15, 2023 (GLOBE NEWSWIRE) -- Today, the Beer Institute, the oldest national trade organization representing the beer industry, reacted to the release of the U.S. International Trade Commission’s (ITC) newest report showing that U.S. companies, rather than China, bore the brunt of costs imposed by Section 232 tariffs on aluminum.
  • “Today’s ITC report confirms what brewers have known since March of 2018: Section 232 tariffs on aluminum punish American job creators by increasing production costs, which ultimately trickle down to higher prices for consumers,” said Brian Crawford, president and CEO of the Beer Institute.
  • Earlier this month, Beer Institute President and CEO Brian Crawford penned an opinion piece in Bloomberg Tax detailing the harmful effects of aluminum tariffs on the beer industry.
  • For additional updates from the Beer Institute, visit our website , follow @BeerInstitute on Twitter, like the Beer Institute on Facebook , and follow the Beer Institute on Instagram .

Christine Lagarde: Interview with The Economic Times (India)

Retrieved on: 
Tuesday, February 28, 2023

*

Key Points: 
  • *
    My predecessors and many central bankers around the world had to fight deflation, and they had to adjust policy as a result of that.
  • Many of us assumed that it would be transitory as is often the case with supply-driven shocks.
  • But then came the war in Ukraine, and the rarification of supply of oil and gas and the price increases that we witnessed.
  • *So the war changed everything… *
    We went from COVID lock down with reduced activity to the reopening of the economy.
  • *Interest rates need to rise to fight inflation, but the magnitude of the increases became a surprise.
  • In December 2021, we announced that we were going to stop our pandemic-related net asset purchases.
  • There is every reason to believe that we will do another 50 basis points in March.
  • We will do more hikes if necessary to return inflation to our target of 2% in a timely manner.
  • And we want to not only return it to 2%, but to keep it there sustainably.
  • The market is factoring in a recession and a possible easing by central banks sooner rather than later.
  • We will assess at every meeting, and we will decide meeting by meeting what we do.
  • In a 2015 speech as International Monetary Fund Managing Director you warned about the consequences of the lift off of interest rates.
  • *
    In order to fight inflation, we want that our interest hikes are passed through to the financial sector, including to banks.
  • What impact would falling liquidity have, and how well prepared are we if another crisis were to emerge?
  • Our reinvestments will decline by 15 billion euros per month on average until the end of June 2023.
  • But when I look at Indian economic data, it's a country that has done much better than others around the world.
  • Suddenly companies, which earlier said they could not find competent women who wanted to serve on their boards, realised they existed.
  • When you look at your daughters, when I look at my sons, they know that they're going to change jobs.
  • And after having been a lawyer for 20 years, I moved into trade, and trade was a very good introduction to economics.

We Can Stop Duplicate Financing Fraud This Year, Says International Chamber of Commerce United Kingdom as New Initiative Launched

Retrieved on: 
Tuesday, February 7, 2023

The International Chamber of Commerce United Kingdom (ICC United Kingdom) has announced a new initiative to strengthen the UK finance industry against the impacts of duplicate financing fraud.

Key Points: 
  • The International Chamber of Commerce United Kingdom (ICC United Kingdom) has announced a new initiative to strengthen the UK finance industry against the impacts of duplicate financing fraud.
  • Duplicate financing is defined as fraud by which fraudsters get the same transaction financed multiple times.
  • To combat duplicate financing fraud, ICC United Kingdom has partnered with financial technology provider MonetaGo.
  • ICC United Kingdom represents the voice of British business at the inter-governmental level, including the United Nations, G20 and World Trade.

Aviation Accident Law Firm Honors Founder Lee S. Kreindler

Retrieved on: 
Saturday, February 18, 2023

NEW YORK, Feb. 18, 2023 /PRNewswire/ -- Kreindler & Kreindler LLP honors our esteemed founder, Lee S. Kreindler, who passed away 20 years ago today, February 18, 2003. For more than half a century, Lee Kreindler led and guided the law firm that he and his father Harry Kreindler founded in 1950 to advance the rights of victims of accidents and which soon became the leading plaintiff's firm in the area of aviation accident law. Lee led the firm with ingenuity and steely determination both to modernize the legal rules applicable to wrongful death and aviation accidents and solve the causes of plane crashes to promote safety, excellence in the courtroom, and compassion for his clients.

Key Points: 
  • Kreindler & Kreindler LLP honors its founder Lee S. Kreindler on the twentieth anniversary of his passing.
  • NEW YORK, Feb. 18, 2023 /PRNewswire/ -- Kreindler & Kreindler LLP honors our esteemed founder, Lee S. Kreindler, who passed away 20 years ago today, February 18, 2003.
  • For more than half a century, Lee Kreindler led and guided the law firm that he and his father Harry Kreindler founded in 1950 to advance the rights of victims of accidents and which soon became the leading plaintiff's firm in the area of aviation accident law .
  • Kreindler & Kreindler LLP honors founder Lee S. Kreindler
    For over five decades, Lee was the most highly regarding aviation plaintiff's attorney in the world.

The Metaverse Spectrum holds first successful Metaverse100 Awards Breakfast

Retrieved on: 
Tuesday, November 15, 2022

NEW YORK, Nov. 15, 2022 /PRNewswire-PRWeb/ -- The Metaverse Spectrum, the Internet's leading B2B Metaverse Information portal, announced today the success of the Metaverse 100 awards ceremony. This event was to honor the companies recognized for their outstanding achievements in Metaverse technologies. The ceremony was held in New York City at the nexus of world finance, the gleaming One World Trade tower.

Key Points: 
  • The Metaverse Spectrum, the Internet's leading B2B Metaverse Information portal, announced today the success of the Metaverse 100 awards ceremony
    NEW YORK, Nov. 15, 2022 /PRNewswire-PRWeb/ -- The Metaverse Spectrum, the Internet's leading B2B Metaverse Information portal, announced today the success of the Metaverse 100 awards ceremony.
  • The in-person breakfast, hosted by PRophet, a Stagwell Marketing Cloud Company, was the celebratory conclusion to The Metaverse Spectrum's inaugural events, including the Metaverse B2B Conference & Expo, which brought hundreds of Web3 luminaries together in the metaverse.
  • The conference from Metaverse Spectrum Business Conference, LLC, took place 100 percent in the metaverse.
  • The Metaverse Spectrum produces the annual Metaverse Business Conference and Expo and other thought leadership events throughout the year.

Pharma’s Vaccine Tech Hoarding Kills, says AHF

Retrieved on: 
Friday, November 11, 2022

AIDS Healthcare Foundation ( AHF ) condemned today as criminal big pharmas meddling in the World Trade Organizations TRIPS waiver proposal negotiations , which would have allowed more countries to produce COVID-19 vaccines.

Key Points: 
  • AIDS Healthcare Foundation ( AHF ) condemned today as criminal big pharmas meddling in the World Trade Organizations TRIPS waiver proposal negotiations , which would have allowed more countries to produce COVID-19 vaccines.
  • Conversely, civil society groups advocating for vaccine equity only met with EC officials about 60 times and had only 20 U.K. meetings.
  • AHF has advocated for vaccine equity since the start of the pandemic, including holding multiple protests at the headquarters of Pfizer , Moderna , and J&J .
  • To learn more about AHF, please visit our website: www.aidshealth.org , find us on Facebook: www.facebook.com/aidshealth and follow us on Twitter: @aidshealthcare and Instagram: @aidshealthcare .

AMERICA-ISRAEL FRIENDSHIP LEAGUE (AIFL) AND ISRAELI MAPPED IN NY ANNOUNCE 2022 ISRAEL DAY, ON NOVEMBER 7th AT THE NEW YORK STOCK EXCHANGE

Retrieved on: 
Wednesday, October 26, 2022

NEW YORK, Oct. 26, 2022 /PRNewswire/ -- Every year, Israel Day, organized and hosted by the America-Israel Friendship League ("AIFL") and Israeli Mapped in NY and held in New York City, features Israeli technology from different sectors.

Key Points: 
  • NEW YORK, Oct. 26, 2022 /PRNewswire/ -- Every year, Israel Day, organized and hosted by the America-Israel Friendship League ("AIFL") and Israeli Mapped in NY and held in New York City, features Israeli technology from different sectors.
  • This year's event, in collaboration with the New York Stock Exchange, is dedicated to PropTech, technology developed to manage commercial properties.
  • As with many other technical innovations, Israeli companies are leading the charge in this space.
  • "Israel Day@', our annual conference, is one more way of highlighting these oftentimes overlooked bonds of friendship."