BRUSSELS (Reuters) – The European Union has warned Beijing it has evidence Chinese solar companies benefit from illegal subsidies, people close to the issue said on Tuesday, but Brussels says it will not take action for now following a deal to defuse the row.
European companies accuse Chinese rivals of benefiting from unfair state aid allowing them to dump about 21 billion euros ($28 billion) worth of solar panels at below cost in Europe last year, putting European firms out of business.
BRUSSELS (Reuters) – The number of people out of a job in the euro zone has fallen for the first time in more than two years, the latest sign the bloc may make a muted recovery from recession later this year.
Falling spending in June by shoppers in Germany, France and Spain, whoever, will dampen any early celebrations, but low annual inflation – stable at 1.6 percent in July – means the European Central Bank is able to act if the recovery falters.
BRUSSELS (Reuters) – China has agreed to discuss dropping its inquiry into whether Europe is dumping wine, the EU’s trade chief said on Monday, after EU and Chinese officials made a deal to avoid tariffs on solar panels from China.
After resolving their biggest trade dispute yet, Beijing and Brussels will tackle accusations that French, Spanish and Italian wine is being exported for sale at below the cost of production, as well as another dispute over exports of polysilicon, a raw material used in solar panels.
BRUSSELS/BEIJING (Reuters) – China and the European Union defused their biggest trade dispute by far on Saturday with a deal to regulate Chinese solar panel imports and avoid a wider war in goods from wine to steel.
After six weeks of talks, the EU’s trade chief and his Chinese counterpart sealed the deal over the telephone, setting a minimum price for panels from China near spot market prices.
BRUSSELS/BEIJING, July 27 (Reuters) – China and the European
Union reached a deal on Saturday to defuse a multi-billion euro
dispute over Chinese solar panels that threatened a wider trade
After six weeks of talks, the EU’s trade chief and his
Chinese counterpart sealed the deal over the telephone, setting
a minimum price for panels from China near spot market prices.
BRUSSELS (Reuters) – The number of Europeans who distrust the European Union has doubled over the past six years to a record high, with bailed-out Greeks and Cypriots having the least faith in the bloc, according to a new EU poll.
An economic crisis, record unemployment and five euro zone bailouts have taken their toll on the standing of the European Union that last year was awarded the Nobel Peace Prize but is increasingly viewed as an overbearing, cumbersome bureaucracy.
BRUSSELS (Reuters) – Beijing’s envoys have agreed central elements of a deal with the European Union that may yet avert punitive duties on Chinese solar panels that the bloc plans to impose next month, Chinese and European sources said on Wednesday.
The conflict, the biggest trade dispute between the European Union and China, has prompted Beijing to threaten duties on European wine exports and risks sparking a trade war or creating barriers to EU companies trying to expand in China.