The European Union will launch a raft of retaliatory tariffs against US exports on Friday, a top official has said.
The move comes after US President Donald Trump imposed steep duties on steel and aluminium earlier this month.
American exports such as blue jeans, motorbikes and bourbon whiskey will be targeted, trade commissioner Cecilia Malmstrom confirmed.
However, she said the bloc “did not want to be in this position”.
Brexit talks are officially underway.
Officials charged with negotiating the first departure of a country from the European Union were in Brussels on Monday to kick off the most consequential series of talks for the U.K. since the end of World War II.
Chief U.K. negotiator David Davis is meeting his EU counterpart, former French foreign minister Michel Barnier, to grapple with a complex set of questions about the future of trade and migration, how much the country must pay to settle its bill with the bloc, and the rights of millions of citizens who have settled in Britain or Europe.
Paramount has broken ranks with other Hollywood studios and agreed to ditch contentious contracts that restricted who could watch its movies on pay-TV in Europe.
Europe’s top regulator said Tuesday that Paramount will now allow customers across the European Union to access pay-TV content that had previously been restricted to the U.K. and Ireland.
Last year, the regulator accused Paramount and five competitors of illegally curbing European access to movies and TV shows through anti-competitive contracts with Britain’s Sky TV (SKYAY), part of Rupert Murdoch’s 21st Century Fox.
The other five studios the regulator fingered are: Disney (DIS), Comcast (CCV)-owned NBCUniversal, Sony (SNE), Twentieth Century Fox, also owned by 21st Century Fox (FOX), and Warner Bros. (Warner Bros. is a unit of Time Warner (TWX), which owns CNN.)
Britain is getting exactly what it voted for when it pipped for an exit from the European Union.
It is hurtling toward a recession and a fractured political landscape that now seems irreparable.
This is not fearmongering. The warnings were laid out repeatedly across a seemingly endless raft of reports from the Treasury, bank analysts, and independent research firms and think tanks.
The swing was very, very quick. Everybody was on board in a matter of minutes. I think it was obvious inside the room that Cameron was shocked by the swiftness with which his allies left him alone.”
…the same poll has found that 63% of Germans think Greece should be kicked out of the Euro, with just 32% believing the country can still be saved
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Tagged banks, business, economic crisis, economy, eu, Euro, financial institutions, france, funding, germany, Greece, Recession, sovereign crisis