WTO : DG touts AI's benefits for global trade, despite failures on core issu es (PRIV)
(D. Ravi Kanth, Geneva)
The Director-General of the World Trade Organization on 21 November touted how Artificial Intelligence (AI) could "reduce trade costs, enhance productivity across sectors, and reshape tradi tional trade patterns" as well as "accelerate trade's journey into this future," i n a foreword to a report on "Trading with Intelligence: How AI Shapes and is Sh aped by International Trade."

Finance : OTC derivatives continue to rise in first half of 2024 - BIS (PRIV)
(Kanaga Raja, Penang)
The overall notional value of outstanding over-the-counter (OTC) derivatives continued its upward trajectory, growing by 2% year on year (yoy) at end-June 2024, according to the Bank for Internati onal Settlements (BIS).

UN : Towards a new, inclusive & equitable international economic order (PRIV)
(Kanaga Raja, Penang)
"Multilateralism must be redesigned to achi eve the necessary reforms which address systemic flaws in the existing internat ional economic order and build a new, inclusive and equitable economic order," according to a new United Nations report.