Reports suggest that the United States & India are advancing in their trade deal talks, with India hinting at tariff liberalisation. The US Is pushing India for a large and comprehensive bilateral trade agreement, rather than a sector-specific deal.

India and the US negotiate market access

On Thursday, the head of the world trade organisation (W-T-O) warned that a trade war escalating from tit-for-tat tariffs would have a "Catastrophic" effect on the global economy and encouraged states to remain calm.

However, the WTO faces criticism as the global body so far has failed to deliver any significant multilateral trade liberalisation, showing only minimal progress

Take a look at the report for more on this...

WTO chief warns against 'catastrophic' tit-for-tat tariffs

Protests over the election results in Mozambique caused South Africa to temporarily halt operations at its border crossing with the southeast African country. Mozambique is an important hub for exporting coal and chrome. Watch in for more details!

Key South African Trade Route To Mozambique Shut As Protests Flare

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