The World Trade Organization (WTO) exiting chief in his last press conference as WTO director-general before stepping down at the end of August, Roberto Azevedo insisted that he and his team had “achieved everything we could” have over the past seven years. “There was no effort spared,” he said, responding to a question on how […]

The Swedish unemployment rate jumped to its highest level since 1998 in June, at nearly 10 percent, due to the economic fallout from the novel coronavirus, Statistics Sweden said Thursday. The seasonally-adjusted unemployment rate among 16 to 64-year-olds, the statistics agency’s longest-running series, reached 9.4 percent last month, surpassing the nine per cent peak in […]

Britain’s chief Brexit negotiator said Thursday it was clear that London will not achieve its goal of striking a preliminary July agreement on the UK’s exit from the EU. “It is, unfortunately, clear that we will not reach in July the ‘early understanding on the principles underlying any agreement’,” David Frost said after the latest […]

American Airlines became the latest US carrier to report a hefty second-quarter loss, but said it made progress in reducing cash burn, according to results released Thursday. The company suffered a $2.1 billion loss in the quarter ending June 30, compared with profits of $662 million in the year-ago period. American Airlines revenues plunged 86.4 […]

An Afghan girl who shot dead two Taliban fighters after they gunned down her parents said she was ready to confront any other insurgents who might try to attack her. Qamar Gul, 15, killed the militants when they stormed her home last week in a remote village in the central province of Ghor. “I no […]