Wanted: New head of WTO. Must thrive under global pressure and conflict


GENEVA/BRUSSELS (Reuters) – Against the backdrop of a global pandemic, steep recession, intensifying U.S-China tensions and rising protectionism, the WTO needs to name a leader. Only the resilient should apply.

FILE PHOTO: A red light is pictured at a pedestrian crossing in front of the World Trade Organization headquarters in Geneva, Switzerland, December 9, 2019. Picture taken December 9, 2019. REUTERS/Denis Balibouse/File Photo

Brazilian Director-General Roberto Azevedo surprised the WTO’s 164 members last week by announcing he would quit at the end of August, a year earlier than expected, adding to the tumult facing global agencies amid a backlash against

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Singapore insurance, finance firms to reopen June 02


The Monetary Authority of Singapore (MAS) has announced that financial institutions will be allowed to reopen more of their service locations, beginning June 02.

According to a statement by the regulator, insurance companies, brokers, fund managers, and similar businesses will re-open to accommodate essential customer transactions. These include opening accounts, updating account information, dealing with insurance policy enquiries, and processing claims and applications for relief measures. Money changing services will also resume.

The move is in line with the Ministry of Health’s three-phased approach to resume business operations.

From June 02 onward, financial companies will be allowed to hold in-person

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Exclusive: Schlumberger names new top executives to oversee corporate overhaul


(Reuters) – Schlumberger, the world’s largest oilfield services firm, will reshuffle top executives and operations in coming months to deal with this year’s historic decline in the oil industry, according to a memo to employees.

FILE PHOTO – The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard Carson

The changes will be implemented in phases and are designed to forge “a leaner, simplified and more responsive organization,” Chief Executive Olivier Le Peuch said in the memo dated on Wednesday and reviewed by Reuters.

A spokesman did not immediately reply to a request for

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Canada Goose lays off 125 workers


FILE PHOTO: A man walks by jackets at the Canada Goose factory in Toronto, Ontario, Canada, February 23, 2018. REUTERS/Mark Blinch

(Reuters) – Retailer Canada Goose Holdings Inc (GOOS.TO) (GOOS.N) said on Wednesday it has laid off 125 workers, about 2.5% of its global workforce, as part of steps to cope with the impact of COVID-19 on its business.

The luxury parkas maker said it will continue to support the laid-off employees with compensation packages and extended benefits and allow them to keep their work computers and phones.

Luxury retailers, including Ralph Lauren (RL.N)

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