Best news all week
By Edmund Conway Economics Editor
The Doha round of world trade talks has collapsed in what one former trade chief called the biggest blow to globalisation since the end of the Cold War.
An emergency World Trade Organisation summit aimed at resuscitating the seven-year long talks broke down in acrimony last night.
Negotiators warned that there was now little or no chance of salvaging the talks, which promised to bring down trade tariffs, pull millions out of poverty and keep food and goods prices under control.
see alsoNew Zealand firms urge bilateral trade pacts after WTO failure