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☆ International trade should be the solution to many global challenges, WTO's chief economist says
▼ + stars: | 2024-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInternational trade should be the solution to many global challenges, WTO's chief economist saysRalph Ossa, chief economist of the World Trade Organisation, discusses international trade and geopolitical tensions.

Persons: Ralph Ossa Organizations: International, World Trade Organisation

☆ WTO forecasts rebound in global trade but keeps geopolitical risks in focus
▼ + stars: | 2024-04-10 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

The World Trade Organization on Wednesday said that it expects global trade to rebound gradually this year, before rising further in 2025, as the impacts of higher inflation fall into the rearview mirror. In its latest "Global Trade Outlook and Statistics" report, the WTO forecast that total global trade volumes will increase by 2.6% in 2024, and by a further 3.3% in 2025. It follows a larger-than-expected 1.2% decline in 2023, as inflationary pressures and higher interest rates weighed on international trade. The trade rebound is expected to be "broad-based," including across Europe, which experienced some of the deepest falls in trade volumes last year as a result of geopolitical tensions and the energy crisis caused by Russia's full-scale invasion of Ukraine. "Europe was really weighing on international trade in 2023, and we don't see that being the case anymore," Ossa said.

Persons: Ralph Ossa, CNBC's Silvia Amaro, Russia's, Ossa Organizations: World Trade Organization, Trade Outlook, WTO Locations: Europe, Africa, India, Pakistan, Southeast Asia, Qianwan, Qingdao Port, Qingdao, China, Ukraine

☆ Global trade will fall this year amid slower growth and Red Sea turmoil, WTO official says
▼ + stars: | 2024-01-29 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

Read previewThe World Trade Organization is likely to slash 2023 and 2024 trade projections due amid weaker-than-expected global economic activity and disruptive attacks by Houthi militants in the Red Sea. The WTO previously projected a rise of 0.8% in merchandise trade volumes for 2023 and a 3.3% increase for 2024. Ossa said the WTO would publish updated forecasts in the coming months, and various global organizations have trimmed their GDP growth forecasts this year, impacting the WTO's trade predictions. He also emphasized a growing uptick in consumer prices due to surging shipping costs since the Houthi attacks began. The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea in this photo released November 20, 2023.

Persons: —, Ralph Ossa, Ossa, haven't, Joe Biden Organizations: Service, Trade Organization, Business, WTO, Reuters, Galaxy Leader, Houthi Military Locations: Red, Iran, Suez, Europe

☆ Talk of deglobalization is exaggerated, says WTO's chief economist
▼ + stars: | 2023-09-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTalk of deglobalization is exaggerated, says WTO's chief economistRalph Ossa, chief economist of the World Trade Organization, discusses rising trade tensions between major economies.

Persons: Ralph Ossa Organizations: World Trade Organization

☆ Central African Republic President Meets Gabon Junta Leader for Talks
▼ + stars: | 2023-09-05 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

By Wilfried ObangomeLIBREVILLE (Reuters) - Central African Republic President Faustin Touadera held closed-door talks with Gabon's junta-appointed leader in Libreville on Tuesday in the wake of the main regional bloc's condemnation of the Aug. 30 coup. Central African bloc ECCAS has suspended Gabon's membership, but has so far stopped short of imposing sanctions in response to the non-violent military ouster of President Ali Bongo - West and Central Africa's eighth coup in three years. In a possible sign some internal political forces are rallying around the new authorities, the leader of Gabon's main opposition alliance, Albert Ondo Ossa, said he had spoken with Nguema on Tuesday. Military officers seized power shortly after Bongo was announced as its winner - a result they annulled and said was not credible. Apart from one video appeal for international support, little has been heard from Bongo since he was placed under house arrest during the coup.

Persons: Wilfried Obangome, Faustin Touadera, Ali Bongo, Brice Oligui Nguema, Bongo, Touadera, Nguema, Gabon's, Albert Ondo Ossa, Alessandra Prentice, Leslie Adler Organizations: Wilfried Obangome LIBREVILLE, Reuters, African, Gabon's, Central, Military Locations: Libreville, Gabonese, Gabon, Ondo

CNN —The leader of Gabon’s military junta, Gen. Brice Nguema, was sworn in as interim president by the country’s constitutional court during a televised ceremony Monday. Last week, Nguema led a coup that ousted President Ali Bongo Ondimba, a military takeover that appears to have truncated the Bongo family’s decades-long dominance over Gabonese politics. Celebrations also broke out across the tiny nation with thousands of supporters expressing solidarity with the military. Nguema, a former bodyguard for Omar Bongo, was swiftly installed as a transitional leader. He was inaugurated as interim president on Monday amid a military parade and cheers from his civilian supporters.

Persons: Brice Nguema, Nguema, Ali Bongo Ondimba, Bongo, Omar Bongo, It’s, ”, Albert Ondo Ossa Organizations: CNN, Getty, ” Reuters Locations: Central, AFP, Mali, Guinea, Burkina Faso, Chad, Niger, Tunisia, Gabon, Gabonese

☆ Gabon coup leader will not rush to elections despite mounting pressure
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +6 min

Trucks carrying industrial equipments wait because of the closure of the border after the coup in Gabon, in the border town of Kye-Ossi, Cameroon August 31, 2023. The officers placed Bongo under house arrest and installed Nguema as head of state, ending the Bongo family's 56-year hold on power. "Going as quickly as possible does not mean organising ad hoc elections, where we will end up with the same errors," he said. Gabon's election commission said after the election that Bongo had been re-elected with 64% of the vote, while Ondo Ossa secured almost 31%. It said it will impose sanctions on the coup leaders if they do not restore constitutional order.

Persons: Danga, Nguema, Gabon's, Ali Bongo, General Brice Oligui Nguema, Bongo, Alexandra Pangha, Albert Ondo Ossa, Noureddin Bongo Valentin, Ian Ghislain Ngoulou, Bongo Valentin, Bongo's, Mohamed Bazoum, Ondo Ossa, Pangha, Wilfried Obangome, Sonia Rolley, Libby George, Juliette Jabkhiro, Edward McAllister, Anait Miridzhanian, Sofia Christensen, Frances Kerry, Peter Graff, Rosalba O'Brien Organizations: REUTERS, Monday, Military, Central Africa's, Central African, ECCAS, United Nations, African Union, BBC, Nguema, Gabon, Timothe, Ondo, Security, Thomson Locations: Gabon, Kye, Ossi, Cameroon, Monday LIBREVILLE, Libreville, Republic, France, United States, State, Guinea, Chad, Niger, Mali, Burkina Faso, Ondo

CNN —A group of military officers claiming to represent “defense and security forces” in Gabon announced on Wednesday they had seized power in the African nation, according to a televised address circulating on social media. In the broadcast, the military officer said the election results would be voided and the country’s borders would be closed until further notice. Bongo’s long ruleEarlier on Wednesday, Gabon’s election body said Bongo had won the presidential election with 64.27% of the vote, after a delay-plagued general election that the opposition denounced as fraudulent. The elder Bongo came into power in 1967, seven years after the country’s independence from France. Ahead of the election, the non-profit Reporters Without Borders condemned the Gabonese government for obstructing foreign press coverage of the event.

Persons: ”, Ali Bongo, “, Bongo, Albert Ondo Ossa, Omar Bongo, Ondo, Bongo’s Organizations: CNN, Gabon24, Twitter, Senate, National Assembly, Constitutional, Economic, Social, Environmental Council, Reuters, Union, Borders, United Nations, Gabonese Locations: Gabon, Gabonese, Libreville, West, Central Africa, Mali, Guinea, Burkina Faso, Chad, Niger, Ondo, France

☆ Gabon President Ali Bongo wins third term after disputed election
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

Gabon's President Ali Bongo Ondimba addresses the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 21, 2022. REUTERS/Brendan McDermid/File Photo/File Photo Acquire Licensing RightsLIBREVILLE, Aug 30 (Reuters) - President Ali Bongo has won a third term in the presidential election with 64.27% of the vote, the Gabonese Election Centre (CGE) said on Wednesday, after a delay-plagued general election that the opposition has denounced as fraudulent. Announcing the result in the early hours, CGE head Michel Stephane Bonda said Bongo's main challenger, Albert Ondo Ossa, had come in second place with 30.77%. Bongo's team have rejected Ondo Ossa's allegations of electoral irregularities. Reporting by Gerauds Wilfried Obangome; Writing by Alessandra Prentice; Editing by Clarence Fernandez and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Ali Bongo Ondimba, Brendan McDermid, Ali Bongo, Michel Stephane Bonda, Bongo's, Albert Ondo Ossa, Bongo, Gerauds Wilfried Obangome, Alessandra Prentice, Clarence Fernandez, Gerry Doyle Organizations: United Nations General Assembly, REUTERS, Rights, Gabonese Election, Thomson Locations: U.N, New York City, U.S, Rights LIBREVILLE, Ondo, Central African

☆ Gabon army officers say they have seized power after election in oil-rich country
▼ + stars: | 2023-08-30 | by ( Gerauds Wilfried Obangome | ) www.reuters.com time to read: +6 min

The officers said on television channel Gabon 24 that they represented all Gabonese security and defence forces. They said the election results were cancelled, all borders were closed until further notice and state institutions were dissolved. Military officers have also seized power in Mali, Guinea, Burkina Faso and Chad. "If this is confirmed, it is another military coup which increases instability in the whole region," said the European Union's foreign policy chief Josep Borrell. Bongo, 64, succeeded his father Omar as president in 2009 and was re-elected in a disputed election in 2016.

Persons: Ali Bongo Ondimba's, Ali Bongo, Bongo, Elisabeth Borne, insurgencies, Josep Borrell, Albert Ondo Ossa, Omar, Eramet, Alessandra Prentice, Sofia Christensen, Raju Gopalakrishnan, Nellie Peyton, Simon Cameron, Moore, Edmund Blair Organizations: Reuters, REUTERS Acquire, Central African, OPEC, French, Military, Reuters Graphics Reuters, Gabonese, Centre, Wednesday, Thomson Locations: Gabonese, Gabon, Handout, LIBREVILLE, Libreville, France, West, Central Africa, Niger, Mali, Guinea, Burkina Faso, Chad . Niger

☆ Gabon to vote as president Bongo seeks to extend 56-year family dynasty
▼ + stars: | 2023-08-26 | by ( Gerauds Wilfried Obangome | ) www.reuters.com time to read: +3 min

Gabon's President Ali Bongo Ondimba addresses the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 21, 2022. These include the introduction of a single ballot that requires voters to pick a presidential candidate and lawmaker from the same party. Bongo's camp has positioned him as the firm favourite to win the race, although there has been no reliable polling. His main threat comes from joint opposition candidate Albert Ondo Ossa, 69, an economics and management professor who has campaigned on the need for change and better economic opportunities. I am convinced that this year there will be changeover in Gabon", said pensioner Alain Moussavou at the opposition rally.

Persons: Ali Bongo Ondimba, Brendan McDermid, Ali Bongo's, Bongo, Remadji Hoinathy, Hoinathy, Albert Ondo Ossa, Alain Moussavou, Alessandra Prentice, David Gregorio Our Organizations: United Nations General Assembly, REUTERS, Rights, Security Studies, Ondo, Thomson Locations: U.N, New York City, U.S, Rights LIBREVILLE, Africa, Bongo, Libreville, Gabon

☆ The Justice Department investigated Jeffrey Epstein's death. Then it went silent.
▼ + stars: | 2023-03-09 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +25 min

Jeffrey Epstein's death in a federal jail was seen as a shocking Justice Department failure. But more than three years later, the office still hasn't released its report into the circumstances of Epstein's death. "We all took it by surprise," Mark Epstein told Insider. Barr tasked the Justice Department's inspector general, Michael Horowitz, and the FBI with investigating "the circumstances of Mr. Epstein's death." Mark Epstein told Insider that he spoke to his brother about once a month in the years before his death.

☆ Ukraine war's impact on trade not as bad as expected: WTO
▼ + stars: | 2023-02-23 | by ( Emma Farge | ) www.reuters.com time to read: +2 min

The global trade watchdog had forecast just 3% growth for 2022 as the conflict caused major disruptions to exports including wheat and fuels. However, WTO Chief Economist Ralph Ossa, presenting its latest analysis of the war's impact on trade, said global trade had "held up well". Ossa added that global trade was resilient because WTO members showed restraint in their use of export restrictions. Some countries previously reliant on imports from Ukraine swapped one food product for another, the WTO report said, switching for example from wheat to rice. During the same period, Russia's exports increased by 15.6% due to higher prices for fuels, fertilisers and cereals, the WTO said.

☆ Self-driving tech firm Aurora names Ossa Fisher as president
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

Jan 30 (Reuters) - Aurora Innovation Inc (AUR.O) on Monday named Ossa Fisher as president to focus on scaling operations at the self-driving technology company ahead of its commercial launch in 2024. Fisher is expected to begin at the new role in February and joins Aurora from education tech firm Istation, where she had served as president and chief operating officer since 2019. Last month, Aurora and Uber Technologies Inc (UBER.N) said they will expand their driverless pilot program in Texas to meet increased delivery demand during the holidays. Aurora's shares, which lost nearly 90% of their value last year, were down about 2% in extended trading. Reporting by Manya Saini in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

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