Finance & Economics | WPN World People News

More than 70 countries, private companies, international organizations, trade associations, academic institutions, and non-governmental groups are meeting in Singapore at the Global Food Safety Partnership (GFSP) 2nd Annual Conference to evaluate its first-year achievements and discuss future plans to scale up and shape the world’s response to food safety challenges.

“Growth has continued to slow, while inflation remains above target and vulnerabilities persist. We project GDP growth in 2013 to be at 1½ percent, with a slight pick up to 2 percent in 2014 contingent on recoveries in investment and external conditions.

Kenya’s economy is estimated to grow at 5 percent in 2013, says the latest World Bank economic analysis. The growth rate, supported by consumption and investment, is higher than the 4.6 percent recorded in 2012.

Parliament approved €18.4 million in European Globalisation Adjustment Fund (EGF) aid on Tuesday, to help workers made redundant by Vestas Group (Denmark), Nokia (Finland) and First Solar Manufacturing GmBH (Germany), to get back into the labour market.

Fishing vessels from 11 EU countries will be allowed to fish in the waters of the Kingdom of Morocco in return for an annual EU payment of €30 million under a fisheries agreement approved by MEPs on Tuesday. This sum includes €14 million earmarked to support the development of the Moroccan fisheries sector.

The Common Fisheries Policy (CFP) reform package, including measures to halt overfishing and a ban on discarding fish at sea, Parliament's key aims, was approved in a final plenary vote on Tuesday.

Israel’s economy is in good shape, but further efforts are needed to fight poverty and close the gap in living standards with other leading nations, according to the OECD’s latest Economic Survey of Israel.

The spokesman for Congress of South African Trade Unions says Nelson Mandela’s legacy of poverty alleviation is a guiding principle for the group to demand better working conditions for South African workers.

The multilateral approach of world trade talks must "maintain its focal role", and not give way to bilateral or regional deals, said European Parliament Trade Committee members and 270 other members of parliaments across the world in a joint statement approved at the Parliamentary Conference on the World Trade Organization (PCWTO), held in parallel to the WTO 9th Ministerial Conference in Bali on 2 and 5 December.

Israel’s economy is in good shape, but further efforts are needed to fight poverty and close the gap in living standards with other leading nations, according to the OECD’s latest Economic Survey of Israel.