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UK and EU Urge WTO Reform Amid Trade Challenges

6/6/2025

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Reynolds Advocates Reforms

UK Trade Secretary Jonathan Reynolds urged for vital reforms in the World Trade Organization's dispute resolution system during a speech in Brussels. He stressed the necessity of strengthening EU relations in the face of global trade hurdles. Concurrently, EU Trade Commissioner Maroš Šefcovic echoed this sentiment, advocating for immediate changes to mitigate the effects of U.S. trade policies.

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Wise Relocates Listing

British money transfer giant Wise is making waves by relocating its primary listing to the U.S., a move that could shake up the London stock exchange. Embracing a dual listing, Wise will now allow its shares to trade on both sides of the Atlantic. Following this bold announcement, shares surged by an impressive 7.1%.

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Reynolds Advocates Reforms

UK Trade Secretary Jonathan Reynolds urged for vital reforms in the World Trade Organization's dispute resolution system during a speech in Brussels. He stressed the necessity of strengthening EU relations in the face of global trade hurdles. Concurrently, EU Trade Commissioner Maroš Šefcovic echoed this sentiment, advocating for immediate changes to mitigate the effects of U.S. trade policies.

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