Trade : "Trump Round" signals push to dismantle WTO-led global trade order (PRIV)
(D. Ravi Kanth, Geneva)
The United States Trade Representative (USTR), Ambassador Jamieson Greer, has claimed that the world is "now witnessing the Trump Round [of bilateral negotiations]", and that "our current, nameless global order, which is dominated by the World Trade Organization and is notionally designed to pursue economic efficiency and regulate the trade policies of its 166 member countries, is untenable and unsustainable."

Trade : WTO sees trade rebound, DG silent on concerns over MFN breach (PRIV)
(D. Ravi Kanth, Geneva)
Global merchandise trade is forecast to grow 0.9% in 2025, as compared to an earlier estimate of -0.2% contraction, mostly due to front-loading of imports in the United States, with the World Trade Organization's Director-General, Ms Ngozi Okonjo-Iweala, claiming that "global trade has shown resilience in the face of persistent shocks, including recent tariff hikes."

UN : Global food prices rise in July on costlier meat & vegetable oils (PRIV)
(Kanaga Raja, Penang)
World food commodity prices edged up in July, driven primarily by rising international prices of meat and vegetable oils, according to the UN Food and Agriculture Organization (FAO).