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Virtually no one expected President Joe Biden and congressional leadership to strike a deal on raising the debt limit during their meeting at the White House this afternoon. ....
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US backs Nigeria’s Okonjo-Iweala to lead World Trade Organization Issued on: 08/02/2021 - 18:59 Ngozi Okonjo-Iweala, Nigeria s former finance minister. Reuters/Siphiwe Sibeko 3 min Nigeria’s former finance minister Dr Ngozi Okonjo-Iweala looks set to become the first woman to lead the World Trade Organization after the Biden administration gave her the green light. Her only rival, South Korea’s Trade Minister Yoo Myung-hee, withdrew her candidacy last Thursday. Advertising Read more Okonjo-Iweala, 66, will become the first woman and first African to take up the post of director general of the WTO. The race for the top job was frozen on 6 November 2020 when President Donald Trump insisted he would veto her candidacy in favour of Yoo. ....
Okonjo-Iwealaâs Path to WTO Clears Hurdle as Korean Quits Race This content was published on February 5, 2021 - 12:48 February 5, 2021 - 12:48 (Bloomberg) Supply Lines is a daily newsletter that tracks Covid-19âs impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic. South Korean Trade Minister Yoo Myung-hee ended her campaign to lead the World Trade Organization, leaving former Nigerian Finance Minister Ngozi Okonjo-Iweala as the likely candidate for the job and setting up a key decision by WTO members to approve her appointment. Yoo decided after discussions with the U.S. and other major nations, and took various issues into account including the need to revitalize the multilateral organization, according to a statement from Koreaâs trade ministry on Friday. ....