Economy

WTO braces for battles on fisheries, agriculture in UAE talks
WTO braces for battles on fisheries, agriculture in UAE talks

The world's trade ministers are set for tough negotiations on Tuesday at a WTO meeting in Abu Dhabi, with fisheries and agriculture taking centre stage. - 'Sensitive issues' - Negotiations in recent months at the WTO headquarters in Geneva have enabled a draft text to be brought forward for a second fisheries deal.

Asian markets mostly lower as traders await fresh data
Asian markets mostly lower as traders await fresh data

Asian markets began Tuesday mostly lower after record-setting gains last week, with traders eyeing the release of fresh economic data this week that could offer a better sense of when central banks may cut rates. But US markets fell on Monday, and Asian equities started this week with a "more cautious demeanour", Stephen Innes, managing partner of SPI Asset Management, said in a note.

Japan inflation falls to 2% in January
Japan inflation falls to 2% in January

Japanese consumer inflation slowed for the third straight month to 2.0 percent in January, government data showed Tuesday. Japan's economy shrank an adjusted 0.1 percent quarter-on-quarter in the last three months of 2023, missing market expectations of 0.2 percent growth, according to government data released earlier this month.

Cuban cigar exports soar amid demand for luxury goods
Cuban cigar exports soar amid demand for luxury goods

International sales of Cuban cigars, the island nation's most emblematic export, soared 31 percent last year as global demand rises for luxury products, the country's main tobacco exporter said Monday. The sale is a boon for the Cuban economy, which retracted two percent last year amid its worst crisis in three decades.