tyb
appreciate da love
WTO rejects EU bid to stop U.S. tariffs over Airbus
PARIS/BRUSSELS (Reuters) - The World Trade Organization on Monday rejected European Union claims that it no longer provides subsidies to planemaker Airbus (AIR.PA), underscoring tariffs recently imposed by the United States on European goods.
A new compliance report from the Geneva trade watchdog found that the Airbus A380 and A350 jetliners continue to be subsidized as a result of past European government loans.
It is the latest move in a record transatlantic trade dispute involving mutual claims of illegal aircraft subsidies, coming to a head at a time of rising global trade tensions.
The United States was in October awarded the right to impose tariffs on $7.5 billion of annual EU imports in the case against Airbus. It went ahead with partial tariffs on most Airbus jets and products from cheese to olives and single-malt whisky.
A decision on retaliation rights for the EU in a parallel case on aid for Boeing (BA.N) is due next year..
In Monday’s finding, a three-person panel rejected EU claims that a recent decision by Airbus to stop producing the slow-selling A380 meant the giant airliner could no longer be seen as a threat to Boeing, whose competing 747 is also out of fashion.
While the WTO no longer faulted Airbus for causing lost sales to Boeing with the A380, which is no longer marketed, it ruled that the superjumbo would continue to cause market-share damage to Boeing for as long as it is produced and delivered.
Airbus plans to shut production in mid-2021.
The WTO appeared to strengthen findings against the A350, saying it had both cost sales and damaged Boeing’s market-share prospects - a process called impedance - in the busier twin-engined long-haul market where Boeing offers its 787 Dreamliner.
The European Commission said it took note of the report, adding it contained a number of serious legal errors.
The Commission, with Irishman Phil Hogan leading trade policy since Dec 1, said it would consider its next steps, including a possible appeal, while seeking an overall agreement on aircraft subsidies with the United States.
There was no immediate comment from the U.S. Trade Representative.
APPEAL DEADLINE
European sources said the decision to drop references to the A380 causing lost sales to Boeing had cut about $2 billion from a list of harms worth $7.5 billion that had driven the WTO’s decision to allow U.S. tariffs up to the same amount.
They did not immediately say whether the finding against the A350 would change the equation in the opposite direction.
U.S. sources argued such calculations were “irrelevant,” since only full compliance or an agreement to settle the trade dispute politically would cancel WTO approval for the tariffs.
Both sides can appeal the latest finding but doing so could place the WTO in uncertain legal territory, experts said.
The WTO Appellate Body, which hears appeals, will cease to function after Dec. 10 due to U.S. blocking of new appointments, leaving a tight deadline to challenge Monday’s ruling.
Any appeals launched after that date risk falling into a legal void, while it remains unclear whether the Appellate Body will be allowed to rule on appeals filed before then.
https://www.reuters.com/article/us-wto-aircraft/wto-rejects-eu-bid-to-stop-u-s-tariffs-over-airbus-idUSKBN1Y60YJ
no..
FRANKFURT/NEW YORK (Reuters) - The U.S. Department of Justice has in recent weeks stepped up its investigation into Deutsche Bank’s role in the 200 billion euro ($220 billion) Danske Bank money laundering scandal, four people familiar with the inquiry told Reuters. One source said the DoJ’s new line of inquiry is whether Deutsche (DBKGn.DE) helped move tainted money from Danske, Denmark’s largest lender, into the United States. If proven, that could lead to steep financial penalties.
Officials from the DoJ, who have been working closely with Estonian prosecutors for around a year, have also begun cooperating with Frankfurt state prosecutors, the sources said. The Frankfurt prosecutors have been exploring Deutsche’s role in processing payments for the Danish bank.
The DoJ’s focus on Germany’s largest bank and its work with Frankfurt prosecutors have not previously been reported. A Danske spokesman said it continued to cooperate with the authorities in Estonia, Denmark, France and the United States.
The DoJ and Frankfurt state prosecutors declined to comment on the U.S. investigation, which two sources told Reuters is due to be completed next year.
Deutsche Bank’s spokesman said it had significantly improved controls in recent years.
sure you have, kek.
Danske’s admission last year that suspicious payments totaling 200 billion euros from Russia and elsewhere flowed through its branch in Estonia has triggered worldwide probes.
The bulk of these payments were processed by Deutsche, sources have previously told Reuters.
Although the Justice Department requested information from Deutsche last year relating to Danske transactions, at the time its executives believed that the investigation was focused onDanske and that the German bank itself was not a target. However, Deutsche officials were made aware in recent months that the scope of the DoJ probe had broadened to the bank’s role in facilitating the Danske trades and its possible failure to report suspicious transactions quickly enough, one of the people said.
Deutsche has already paid nearly $700 million in fines by New York and British regulators in a separate money laundering case involving $10 billion in so-called mirror trades from Russia, which the DoJ is still investigating.
https://www.reuters.com/article/us-deutsche-bank-money-laundering-exclus/exclusive-u-s-digs-deeper-into-deutsche-role-in-danske-money-laundering-scandal-sources-idUSKBN1Y60ED
follow the money
>Q has verified his trip time to block all these namefag trips BO thank you in advance
we don't meme the kid. Leave it alone.
fuck off toilet boi
leaning towards that too. no flashy trip plus the bands different