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EU announces retaliation against Trump tariffs
“The European Union has already notified the World Trade Organization of plans to levy duties on about $7 billion worth of U.S. exports in response, with the aim of collecting $1.6 billion in tariff revenue.”

European Commission targets end to throwaway plastic culture
“Nearly 85% of all ocean litter is plastic and half of that is made of throwaway items. That is why the Commission’s new proposal targets items like plastic straws, cotton buds and cutlery. The EU executive identified those items, as well as plates, beverage stirrers and sticks used to support balloons, as the most obvious products where ‘suitable and more sustainable alternatives are readily available.’ As such, market restrictions will be placed on them.”

Industry groups amp up lobby campaign to topple ePrivacy bill
“A group of 54 business associations, including groups from the technology, advertising and car industries, sent a letter to ministers from the 28 EU countries asking them to put a stop to the bill, which will ‘greatly limit the processing of a broad array of both personal and non-personal data.’”

Middle East

Kuwait anticipates $400 billion in foreign investments for new projects


Standard Chartered and AFC launch Africa risk participation programme
The programme is intended to “increase the availability of trade finance in Africa” and “is expected to generate an estimated incremental trade volume in excess of US$350mn over the three-year life of the transaction.”
[Global Trade Review]