SMALL CONCESSION: Japan averted a possible trade war by lifting its ban on some US beef after pressure by Washington, but imports are expected to dwindle
Japan gave the final go-ahead yesterday to resume imports of some US beef after a two-year ban, aver-ting a potential trade war between the close political allies.

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Roche Holding AG, the maker of the Tamiflu influenza treatment, said it identified 12 drugmakers to help it boost the production of the antiviral that may be effective against lethal bird flu.

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Trade ministers from nearly 150 countries gathered in Hong Kong yesterday to work on a deal to open world markets and lift the global economy, with pressure growing for Europe to agree to a key cut in farm subsidies.

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Regulators force settlement
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