US weighs new tariffs on $3.1 billion of exports from the EU and UK 0 (0)

According to a notice published by the USTR
The notice says that the US wants to impose new tariffs on European exports like olives, beer, gin and trucks, while also increasing duties on other products including aircrafts, cheese, and yoghurt, in a move that will add to trade tensions.

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UK PM Johnson announces relaxing of lockdown measures in England 0 (0)

Tourism and hospitality can resume on 4 July
– Social distancing rules to also be relaxed
– New rule is to keep at least 1 meter apart (previously 2 meters)
– Two households can meet in any setting
All of the above is applicable starting from 4 July onwards. The most important news in all of this I guess

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EU leaders to hold in-person summit on recovery fund next month on 17-18 July 0 (0)

The European Council calls for an extraordinary meeting next month
This is being by the council’s spokesperson, Barend Leyts. The details and logistics will follow later but the dates have been confirmed. The physical meeting is said to start at 1000 Brussels time on the 17th of July.

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Germany says doesn’t expect second economic collapse due to the coronavirus 0 (0)

Comments by the German council of economic advisors
– Sees German economy shrinking by 6.5% this year
– Impact of the coronavirus on the world economy more severe than expected
On the headline remark, it is more of the case that they won’t risk another economic meltdown – even if there is a second virus wave – after

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