World Trade Organisation

♦ An FT investigation has uncovered the key role played by Deutsche Bank, JPMorgan and UniCredit in the reform of the Vatican bank, by refusing to provide financial services over the past two years.
♦ The World Trade Organisation’s 159 members managed to agree on something for the first time in its 18-year history last week – a sign that the organisation is “coming alive”.
♦ Yingluck Shinawatra’s position as Thai prime minister is in jeopardy because of opposition hatred for her brother – a force that has defined her premiership and driven instability.
♦ Bedouin gangs in the Sinai have discovered that taking hostages is more profitable than human smuggling.
♦ Bill de Blasio’s challenge as New York mayor will be to negotiate and pay for a way out of the impasse between the administration and the unions of city workers. 

♦Cecile Kyenge, Italy’s first black minister, is confronting the country’s culture of casual racism, but the success of her proposed legislation depends on her fellow parliamentarians – some of whom have not been entirely complimentary about her.
♦ China is pushing to water down the World Bank’s Doing Business report, showing its increased assertiveness at international bodies and its willingness to challenge liberal economic prescriptions.
♦ Growth in Indonesia has reached its slowest pace in two years, hit by the slowdown in China and India, but investors are still feeling confident.
♦ David Gardner argues that Israel’s latest attacks on Syria play right into Assad’s hands supporting conspiracy theories about a western-conceived attempt to destroy Syria.
♦ Somalia’s president, Hassan Sheikh Mohamud, calls for a Marshall plan to help his country recover from decades of poverty, civil war and terrorism.
♦ Roberto Azevêdo of Brazil and Herminio Blanco of Mexico are scrambling to secure last-minute votes in a tight race to become the next head of the troubled World Trade Organisation.
♦ Hollywood film-makers are going to great lengths to satisfy the whims of Chinese censors. However, appearances by Chinese actors in the Chinese version of Iron Man 3 have not been to everyone’s taste – “
One microblogger named Bumblebee Marz compared the new scenes to chicken ribs — a common expression denoting the most tasteless and undesirable cut of meat in Chinese cuisine.
♦ Dexter Filkins looks at the White House debate over Syria. According to Gary Samore, who was President Obama’s chief adviser on weapons of mass destruction until February,
“All the options are horrible”.
♦ Obama’s off-the-cuff remark about large quantities of chemical weapons crossing a “red line” have now put him into a bind, “his credibility at stake with frustratingly few good options.”
♦ Gabriel Kuris at Foreign Policy looks at how Latvia’s anti-corruption bureau managed to pass through reforms and take down oligarchs.