General Motors Corp. announced Thursday that it lost nearly $31 billion in 2008, saying its auditors were likely to cast doubt on its viability as it seeks more federal aid to stay afloat.
By PBS NewsHour
A trade agreement signed by the United States and Russia over the weekend clears a major hurdle for the former communist country's entry into the World Trade Organization, the international body that regulates trade rules and disputes.
By Admin and PBS NewsHour
After several months of acrimonious debate and failed negotiations, international trade representatives officially suspended the Doha round of free trade talks, marking a major setback to efforts to reduce trade barriers throughout the globe.
By PBS NewsHour
Trade representatives from 149 nations will converge in Hong Kong at the World Trade Organization's ministerial meeting in an attempt to revive the Doha Development Agenda to lower trade barriers in farm and manufacturing goods and services.
Rich and poor nations struck a deal Sunday to relaunch global trade talks, agreeing to a general framework to cut farm subsidies, open industrial markets and boost global growth.
The World Trade Organization ruled Friday that U.S. subsidies to cotton farmers are unfair to producers in Brazil, but the United States said it will appeal the decision.
The World Trade Organization handed Brazil a key victory Monday when the international body ruled against the United States and its subsidies to cotton farmers.
The World Trade Organization concluded Tuesday that the European Union can retaliate against the United States in a dispute over a U.S. 1916 anti-dumping law.
After five days of bitter debate over agriculture subsidies, World Trade Organization talks collapsed, on Sunday when developing countries refused to expand the scope of negotiations to include new regulations on foreign investment and competition.
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