America Is Rapidly Bleeding Wealth And Jobs

Over the past decade, the number of middle class jobs has fallen by about ten percent. There is a reason for this. America is becoming poorer. The economic pie is shrinking. When we ship 40 to 50 billion dollars into the hands of foreigners every single month, that means that there is a lot less wealth for all of us to divide up.

UN to promote tourism for development

Tourism is increasingly growing to become as one of the major sources of revenue for many of the world’s developing countries. Sustainable tourism initiatives such as eco-tourism has helped generate employment in many communities and fostered growth.

Mexico vies to become top tourist destination

Within weeks from declaring 2011 to be Mexico's “year of tourism,” the country's president Felipe Calderon said that the government aims to make Mexico the world's top fifth tourism destination by 2018.

China study finds EU subsidized telecom firms: report

A Chinese government study has found the European Union offered large subsidies to telecom firms in what Beijing might deem a violation of World Trade Organization rules, the Wall Street Journal reported on Thursday, citing a person familiar with the matter.

Russia's WTO membership faces hurdles: report

Russia's membership in the World Trade Organization (WTO) will be in focus as Prime Minister Vladimir Putin meets European Union leaders on Thursday, but business leaders and trade officials from the U.S., EU and the WTO think Russia's entry is going to be difficult, the Wall Street Journal has reported.

COLUMN: How the US can create jobs by improving China trade

Now that all the hype and the hoopla of Chinese President Hu Jintao’s visit to the United States are over, the same basic commercial question remains unanswered: How can American companies create more jobs for Americans by selling more American goods and services in China?

Boeing received illegal subsidies: WTO

Airplane maker Boeing (NYSE: BA) received billions of dollars in questionable subsidies from the U.S. government according to a study by The World Trade Organization (WTO) which was presented on Monday to officials of the U.S. and the European Union (EU).

Hu's U.S. visit sets new tone but tensions remain

Chinese President Hu Jintao headed home on Friday after a U.S. visit both sides declared a success, but which left questions over how the world's top two economic powers will manage future frictions.

WTO final Boeing subsidy ruling seen on January 31

The World Trade Organization will issue a confidential final ruling on January 31 concerning European claims that Boeing benefited from unfair aircraft subsidies, sources familiar with the case said on Friday.

China 2010 rare earth exports slip, value rockets

China's exports of vital rare earth elements used for numerous high-tech goods slipped almost one-tenth last year but the overall value rocketed as quota cuts lifted international prices, data showed on Wednesday.

Factbox: How China promotes its green sector

China has emerged as a world leader in the manufacture of solar photovoltaic technology, and could soon be the largest supplier of wind turbines, thanks in part to state laws and directives that reward renewable energy equipment companies with cash and tax perks.

Brazil’s ‘currency war’ rhetoric is phoney

Brazil's Finance Minister Guido Mantega has accused the United States of engaging in currency manipulation, and said his country would raise this issue at the World Trade Organization (WTO), adding that the U.S. and Chinese policies are fomenting a trade war.


An employee moves tires at a tire factory

China insists US tire duties counter-productive, will appeal WTO ruling

China on Tuesday criticized a World Trade Organization (WTO) ruling yesterday that upheld the U.S. decision last year to slap duties on Chinese-made tires and said it will appeal to the global trade body. The Chinese commerce ministry repeated that the safeguard measures adopted by the U.S. on Chinese tire imports were protectionist and counter-productive.