ECB Job: Christine Lagarde nominated as ECB chief - EU Tariff Threat: US threatens EU with tariffs over aircraft subsidies - The Heat Is On: Report shows threat global warming to economy
Washington plans to impose a 25% import tax on various agricultural and industrial items imported from Europe. Olive oil producers in Andalusia worry about the economic future of the Spanish culinary gem.
The US government plans to order punitive tariffs on billions of dollars' worth of EU goods after it scored a victory in a long legal fight at the WTO. Many on the EU side warn of retaliation and potential escalation.
Christine Lagarde has stepped down as managing director of the International Monetary Fund, saying she now has more clarity on her nomination to be the next head of the European Central Bank.
IMF Managing Director Christine Lagarde will become the European Central Bank's next president in November. If she replaces Italy's Mario Draghi, a huge change in the eurozone lender's policy seems unlikely.
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