March 28, 2025 - 02:08

The United States has decided to suspend its financial contributions to the World Trade Organization (WTO), according to multiple trade sources. This decision aligns with the current administration's ongoing efforts to reduce government expenditures and reflects a broader trend of distancing from international organizations perceived as conflicting with the "America First" policy.
At a recent budget meeting on March 4, a U.S. delegate indicated that contributions for the 2024 and 2025 budgets are currently on hold pending a comprehensive review. In light of this funding uncertainty, the WTO is reportedly developing a "Plan B" to address the potential impacts of an extended financial hiatus.
This move follows previous actions by the U.S. that have already weakened the WTO's operational capabilities, particularly the blockage of new appointments to its appellate court during the Trump administration. As a result, the WTO's dispute resolution mechanism has been left in a diminished state, raising concerns about the future of global trade governance.
October 30, 2025 - 05:56
Mortgage Holders Face Tough New Outlook After Inflation ShockIn a rather stunning about-face, mortgage holders have been issued a tough new outlook following recent inflationary pressures. Economic analysts are now predicting that interest rates may remain...
October 29, 2025 - 00:12
State Committee to Evaluate Potential Financial Takeover of New OrleansA little-known state committee is set to convene on Wednesday to assess whether New Orleans meets the legal criteria for a potential financial takeover. This meeting comes as the city grapples with...
October 28, 2025 - 03:22
Midday Market Update: Financial Sector Gains While Healthcare Takes a HitIn a notable shift in the market, financial stocks saw a robust increase of 1.5% at midday on Tuesday. This upward momentum is attributed to positive investor sentiment and favorable economic...
October 27, 2025 - 18:35
Innovative Financial Strategies Fueling ASEAN GrowthAt the 2025 Bloomberg Business Summit ASEAN held in Kuala Lumpur, industry leaders gathered to explore transformative financial models that are shaping the future of the region. Novan Amirudin,...