WTO talks launch in rare win for global order

WTO Talks Ministers from 75 countries — including the US and China — agreed on Friday to launch talks towards establishing global rules on e-commerce at the WTO in a rare victory for international cooperation. ECB Growth Forecasts The European Central Bank (ECB) will "probably" downgrade its growth forecasts soon, a senior official said on Friday, a day after the Frankfurt institution warned that economic risks to the euro area had worsened. German Business Morale German business confidence fell to a nearly three-year low in January, a closely-watched survey said on Friday, in the latest sign of waning momentum in Europe's top economy. Greece Reforms In order to sustain hard-won gains, Greece should continue its economic reform program and work quickly to shore up its banks, the International Monetary Fund said Friday. Tata Nano Tata Motors, India's top automaker, said on Thursday that it could stop manufacturing and selling Tata Nano from April next year due to new safety and emissions rules that would require major investment. Website: http://timesofoman.com Facebook:   / timesofoman   Twitter:   / timesofoman