NEW WTO DEADLINE: World Trade Organization director-general Pascal Lamy, looking to inject momentum into the stalled global trade talks, on Tuesday declared the end of June as the deadline for countries involved in the Doha Round to reach a deal, senior diplomats said. Lamy told a closed-door session of WTO ambassadors he also plans to host ministerial-level talks during the last week of June in Geneva and hopes these sessions will lead to an agreement on modalities on agriculture and industrial goods. Diplomatic sources said about 20 to 30 ministers from key rich and developing countries are expected to attend. “[Lamy’s] putting on the pressure for us to achieve what we could not get on time in April,” said Uruguay’s ambassador Guillermo Valles Galmes. To enhance the chances of a deal, draft modalities — blueprints on how the talks to cut tariffs and subsidies will proceed — are to be circulated to WTO members around June 19, Lamy said.
BACCARAT BOOSTS BELLEVEAU: Baccarat, the 242-year-old French luxury goods firm, has named Michael J. Belleveau chief executive officer of Baccarat for North America, effective June 6. Belleveau, who has been with the company since 2003, was most recently vice president of sales. He replaces Victor M. Luis, who is leaving the company to become president and ceo of Coach Japan. Marc LeClerc, ceo of Baccarat SA, said in a statement, “Michael Belleveau has a great deal of experience in the retail and wholesale of luxury goods and shall lead a strong team in the execution of our strategy.” Baccarat, known for tabletop items like stemware and vases, has turned its focus in recent years to jewelry and accessories, incorporating the house’s signature colored crystal into necklaces, rings and handbags.