World Trade Organisation deal on global customs falls through

Eleventh-hour attempts to salvage a World Trade Organisation deal on simplifying global customs have collapsed, leaving the future of the Geneva-based institution in doubt.

African invoice fraud hampers development of poorest nations

More than $60bn (£36bn) has been illegally siphoned out of Uganda, Ghana, Mozambique, Kenya and Tanzania over 10 years, with most of it squirrelled away in tax havens, according to a report by financial transparency campaigners.

Australia, India to push for IMF quota reforms at G20

Australia on Thursday said it will ‘actively lobby’ with the US to push through the International Monetary Fund quota reforms seeking to providing more voice to the developing countries.

Prime Minister hails 'historic' global trade deal which 'will give £613billion boost to world economy'

Prime Minister David Cameron has hailed a 'historic' global trade deal which he said could be worth £1 billion a year to British businesses and be a 'lifeline' for the world's poorest people.

G20 told trade, FDI vital to fight global slowdown

GENEVA (Reuters) - The world's leading economies must revitalise both global trade and investment in developing countries to counter a new slowdown in economic growth, three key international organisations said on Wednesday.