GENEVA (Reuters) – World Trade Organization judges gave the European Union a stinging rebuke on Wednesday, saying the EU must axe prohibited export subsidies to plane-maker Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) which had injured U.S. rival Boeing (BA.N: Quote, Profile, Research, Stock Buzz).

The WTO panel concluded Airbus had been able to launch a series of passenger jets only thanks to subsidies from the EU and member states Britain, France, Germany and Spain, without which it would be a very different and much weaker company.

GENEVA, June 30 (Reuters) – A World Trade Organization panel
has ruled that launch aid provided by four European governments
for airliners built by EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) subsidiary Airbus is
illegal and must be remedied without delay, a senior lawyer for
rival Boeing (BA.N: Quote, Profile, Research, Stock Buzz) said.

The ruling, which according to Boeing particularly condemns
$4 billion in loans providing prohibited export subsidies for
the A380, means EU states cannot fund the new A350 model in the
same way, he said.

GENEVA, June 30 (Reuters) – A World Trade Organisation
report on aid for European planemaker Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) ARBU.UL,
expected to condemn the European Union for illegal subsidies,
will be published later on Wednesday, trade sources said.

The 1,000-page report was issued confidentially to the
European Union and United States in March, and sources familiar
with it said at the time a panel of WTO experts found some
payments challenged by the United States were prohibited export
subsidies and must be stopped within 90 days. [ID:nLDE62M20E]

GENEVA, June 27 (Reuters) – China has dismissed U.S. comments that Beijing is blocking a new trade agreement, saying that it was the United States that was stalling progress in the World Trade Organization’s long-running Doha round.

The angry comments, by China’s ambassador to

GENEVA, June 25 (Reuters) – A World Trade Organisation
report on aid for European planemaker Airbus (EAD.PA: Quote, Profile, Research) ARBU.UL,
expected to condemn the European Union for illegal subsidies,
will be published on June 30, trade sources said on Friday.

The 1,000-page report was issued confidentially to the
European Union and United States in March, and sources familiar
with it said at the time a panel of WTO experts had found some
of the aid challenged by the United States was prohibited export
subsidies and must be stopped within 90 days. [ID:nLDE62M20E]

GENEVA, June 25 (Reuters) – The World Trade Organization will discuss the financial crisis next week to address concerns by some developing countries that bailouts have distorted global trade and competition, a senior trade official said on Friday.

The discussion will also allow trade negotiators looking at liberalising and opening up markets to learn about the latest moves in financial regulation, which is not covered by global trade talks.

GENEVA (Reuters) – A sharp increase in temporary work — a traditional leading indicator of in the early phase of recovery — shows that many European countries and the United States are pulling out of recession, an industry association said on Thursday.

The temporary work data give an advance snapshot of how the economy is likely to develop and are typically followed some six months later by similar moves in overall employment numbers, said Denis Pennel, managing director of the International Confederation of Private Employment Agencies (CIETT).

GENEVA, June 24 (Reuters) – The World Trade Organization’s
long-running Doha round is stuck and a deal is impossible until
China and other big emerging economies join real negotiations to
open their markets, the U.S. ambassador to the WTO said on
Thursday.

The unusually outspoken comments were a sign of Washington’s
frustration at the reluctance of China, Brazil and India –
among the most dynamic players in the world economy — to create
more market opportunities to reach a deal in the talks.

GENEVA (Reuters) – The World Trade Organization’s long-running Doha round is stuck and a deal is impossible until China and other big emerging economies join real negotiations to open their markets, a top U.S. trade official said on Thursday.

The unusually outspoken comments were a sign of Washington’s frustration at the reluctance of China, Brazil and India — among the most dynamic players in the world economy — to create more market opportunities to reach a deal in the Doha talks.