World

Ireland readies to ramp up production, U.K. nervous

The European Union’s milk quota program is set to expire in April 2015, and Ireland is getting ready to increase production by 50%. This leaves neighboring United Kingdom farmers and dairy processors nervous about imports from Ireland, a low-cost producer. FULL STORY »

Headway made on trans-Pacific pact, but thorny issues remain

Ministers from 12 nations trying to create a trans-Pacific trade pact said on Tuesday they have regained momentum for resolving the thorny issues of tariffs and market access, though they were unable to reach a final agreement. FULL STORY »

Farm tariffs to stay, Japan tells Pacific trading partners

Japan has told Pacific trading partners it will not abolish tariffs in the five agricultural sectors it considers sacred, the country's economy minister, Akira Amari, said on Monday. FULL STORY »

U.S., Japan unlikely to wrap up trade deal by May TPP talks

Japan and the United States have found "common ground" to forge a two-way trade deal, but may not be able to resolve remaining sticking points in time for a mid-May meeting of top negotiators seeking a broad regional deal, a senior Japanese official said. FULL STORY »

Japan, U.S. tiptoe into new phase of Pacific trade talks

The United States and Japan are edging into a new phase of trade negotiations after U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe's summit, people with knowledge of talks to create one of the world's biggest trade pacts said. FULL STORY »

U.S., Japan trade pact stalemate keeps partners waiting

A stalemate between the United States and Japan on farm and auto markets in Pacific trade talks is locking all the participants in a "waiting game," Chile's head of international economic relations said on Thursday. FULL STORY »

U.S. steps up trade pressure on Japan ahead of Obama visit

The United States put last-minute pressure on Japan to compromise in tough trade talks on Wednesday, shortly before President Barack Obama was to arrive for a state visit. FULL STORY »

Japan has not narrowed trade differences with U.S.

Japanese officials said on Tuesday there was still a significant way to go before reaching a broad agreement on trade with the United States, a day before President Barack Obama visits for a summit. FULL STORY »

Food shortages could be most critical world issue by mid-century

The world is less than 40 years away from a food shortage that will have serious implications for people and governments, according to a top scientist at the U.S. Agency for International Development. FULL STORY »

China's corn rejections cost companies $427 million

China has rejected nearly 1.45 million tons of U.S. corn shipments since late last year, according to a U.S. grain industry association, the Wall Street Journal reported on Friday. FULL STORY »

The boy is back? Risk of El Nino this year increases

A U.S. weather forecaster said on Thursday the chances that the El Nino phenomenon will show up by summer are exceeding 50 percent. FULL STORY »

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