"We worked hard," WTO Director-General Ngozi Okonjo-Iweala said, adding that the US and Brazil in particular "need more time" to work out their differences over the agreement to impose levies on cross-border online orders.
Brought forth largely by the right-wing Swiss People's Party (SVP) and the youth wing of the center-right Free Democratic Party (FDP), the proposition would have cut mandatory annual household usage fees for radio, television and internet from 335 to 200 Swiss francs (370, $430). The fee is the highest in the world and the Swiss government has already moved to broaden payment exemptions and reduce the fee to SF300 by 2029.
Aki Ito is our chief correspondent on careers, a huge topic for Davos - and for us. She asked people across business tough questions about the future of work (believe me, I was in the room) to help bring insights for your success. She also moderated a conversation with chief people officers from companies across the business world. You'll see her takeaways from that soon.
We begin with a deliberately ambitious question. What would it take for every person on Earth to live at least as well as someone in Switzerland does today-by 2100? Not culturally Swiss, but economically empowered with high incomes, long lives, strong education, and social cohesion. Achieving this would require global GDP to be about 8.5 times higher than it is today. That figure alone is enough to trigger skepticism. Will we have enough energy, materials, food, and innovation?
The European Union will on Saturday sign a deal 25 years in the making with the South American trade bloc Mercosur, creating one of the world's largest free trade areas at a time of growing protectionism and volatility. The long-awaited agreement comes amid the sweeping use of tariffs and trade threats by US President Donald Trump's administration, which has sent countries scrambling for new partnerships.
Australia and the EU are on the brink of striking a long sought after free trade agreement, with both sides talking up significant progress during talks in Brussels overnight. Ahead of a planned visit to Australia by European Commission president Ursula von der Leyen, due within months, a joint statement issued after the latest talks attended by the trade minister, Don Farrell, signalled major progress. The two sides said they had been able to converge on key differences which have dogged the deal for years.
After more than 25 years of debate and delay, we have moved beyond words and into action. This commission is not just a technical body; it is a commitment to historical integrity and a long-awaited bridge to justice for those whose heritage was stolen.
Major agreement reached after 20 years of negotiations and during ongoing tensions with the US. New Delhi, India India and the European Union have signed a free trade agreement that both sides have hailed as the mother of all deals. The agreement, announced on Tuesday, came together over nearly two decades of intermittent negotiations and during a geoeconomic crisis triggered by United States President Donald Trump's trade war.
US and Palestinian officials also used the ceremony to lay out a blueprint for the next steps in implementing a ceasefire in Gaza, and putting the territory under the day-to-day control of a Palestinian-run technocratic administration, which has been assembled in Cairo. The president's son-in-law Jared Kushner outlined a plan for the next 100 days, including a significant increase in aid deliveries, the rehabilitation of essential infrastructure, such as water, electricity and sewage systems, and the reconstruction of hospitals and bakeries.
After nearly two decades of negotiations, India and the European Union announced Tuesday they have reached a free trade agreement to deepen economic and strategic ties. The accord, which the EU chief described as the "mother of all deals," could affect as many as 2 billion people. The deal between two of the world's biggest markets comes as Washington targets both India and the EU with steep import tariffs, disrupting established trade flows and pushing major economies to seek alternate partnerships.
The meeting, held from 19 to 23 January under the theme "A Spirit of Dialogue," took place at a time when the global situation still feels uncomfortable. Inflation has eased in some places, but not enough to make central banks relaxed. Growth is holding in parts of the world and slowing in others. Debt remains high, and trade has become more political.
The deal would forge a market of two billion people and nearly a quarter of global GDP, according to the European Commission. Follow DW for more. EU and India conclude trade negotiations after nearly two decades of on-off negotiationsImage: Altaf Hussain/REUTERS Skip next section What you need to know EU and India have finalized a trade deal after nearly two decades of negotiations
Germany and Italy are deepening defense and economic cooperation with the leaders of the two countries signing an agreement in Rome. German Chancellor Friedrich Merz and Italian Prime Minister Giorgia Meloni agreed on closer cooperation in the production of drones, naval vessels, underwater systems and air and missile defense systems. The leaders are also looking to collaborate in the development of electronic warfare and aerial combat defense systems.