The peso closed the session with a depreciation of 0.38% or 8.6 cents, trading around 22.71 pesos per dollar, after hitting a maximum of 22.9097 pesos per dollar, ranking as the second most depreciated currency in the exchange market behind the South African rand which lost 1.04%. The
World trade will show a 13% drop at an annual rate, estimated the World Trade Organization (WTO). The magnitude of the expected recession in world trade will depend largely on the amount of time it takes to control the Covid-19 pandemic and to find effective treatments. In particular,
Mexican Mateo Diego-Fernández Andrade was chosen among the 10 arbitrators who will settle cases in the Interim Multiparty Appeal Arbitration Agreement (MPIA). In a statement, the European Union explained that this alternative mechanism will work until the permanent Appellate Body of the World Trade Organization (WTO) is reconstituted.
The World Trade Organization (WTO) launched a dispute settlement panel on India’s imports of high-tech products originating in Japan. Japan submitted its second panel request on the tariff treatment of Indian imports of certain information and communication technology (ICT) goods. Japan’s first request was blocked at the dispute
The Japanese shipping company Ocean Network Express (ONE) transported 1 million 574,000 containers in the second quarter of 2020 (first quarter in its fiscal year), a 12.7% year-on-year drop. At the same time, the company posted revenue of $ 2.736 million, an annual decrease of 4.8 percent. In
Ford Motor Company announced the election of James D. Farley, Jr., as President and CEO of the Company effective October 1, 2020. In addition, Farley was elected to the Company‘s Board of Directors effective October 1, 2020. After leading the company for more than three years, James P.