EU's top diplomat warns that Russia has a plan for long-term aggression against Europe
'Russia is already a direct threat to the European Union,' EU foreign policy chief Kaja Kallas said. She listed a series of Russian airspace violations , provocative military exercises , and attacks on energy grids, pipelines and undersea cables.
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EU strikes trade deal with US but final decision still to be made on alcohol
The United States and European Union have agreed a trade deal in which a 15% tariff is set to be placed on most EU exports entering the US market, though a final decision is yet to be made on alcohol. Yesterday (27 July), the EU Commission announced that besides the 15% levy, the US and EU had also agreed on "zero-for-zero tariffs" on several goods, including "certain agricultural products". When asked in a press conference following the deal whether the zero-for-zero agreement included alcohol, spirits and wine, president of the Commission Ursula von der Leyen said "no decision' had been made yet. She added that the topic was something that would be discussed in the 'next days". In the Commission's statement, the president added that the deal creates "more predictability for our businesses". She added: "We are ensuring immediate tariff relief. This will have a clear impact on the bottom lines of our companies. And with this deal, we are securing access to our largest export market. At the same time, we will give better access for American products in our market. "This will benefit European consumers and make our businesses more competitive. This deal provides a framework from which we will further reduce tariffs on more products, address non-tariff barriers, and cooperate on economic security." Secretary general of The Brewers of Europe, Julia Leferman said that the United States is the "second most significant export market for European breweries, accounting for over a quarter of total European beer exports." She added: 'As it emerges that no decision has yet been taken on the treatment of alcoholic beverages and negotiations continue on the list of products - including agri-food, that could be covered by a zero-for-zero arrangement - The Brewers of Europe calls on EU and US negotiators to put beer on this list and also remove beer from the aluminium derivatives tariffs set by the US." Reflecting on the news, president of the European wine trade body Comité Européen des Entreprises Vins (CEEV) Marzia Varvaglione said: "We are still awaiting the full details of the agreement reached today and are watching with great anticipation the outcome of the upcoming negotiations regarding the list of products that will be included under the zero-for-zero tariff arrangement, among them some agricultural products' "We truly believe the trade of wine is of great benefit for both EU and U.S. companies, and it must be included in the zero-for-zero tariff arrangement. "And it's not just the EU side saying this - our U.S. counterparts have also been strong advocates for protecting this vital exchange" Varvaglione added. Meanwhile, secretary general of CEEV, Ignacio Sánchez Recarte said that it is "encouraging to know that we may be just days away from putting an end to the trade uncertainty that has weighed on our sector in recent months." He added: 'However, the consequences of failing to include wine in the final zero-for-zero deal would be severe. "We therefore call on negotiators to take decisive action: Include wine in the zero-for-zero agreement and safeguard a trade that has always delivered value, growth, and cooperation," Recarte said. President and CEO of the Distilled Spirits Council (DISCUS), Chris Swonger said the deal was "great news for US and EU relations, and we greatly appreciate President Trump's leadership." He added: 'We are optimistic that in the days ahead this positive meeting and agreement will lead to a return to zero-for-zero tariffs for US and EU spirits products". Just Drinks has also contacted spiritsEurope and FoodDrinkEurope for comment. "EU strikes trade deal with US but final decision still to be made on alcohol" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Trump Plans to Give up to 12 Days for Putin to Agree to Ukraine Deal
While in Scotland, President Trump said he is 'disappointed' in Russian President Vladimir Putin for not yet reaching a deal to end the war in Ukraine.
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Italy's working age population set to shrink by one fifth, statistics agency says
ROME (Reuters) -Italy's working age population is set to shrink by more than a fifth over the next 25 years, national statistics agency Istat said on Monday, highlighting the country's severe demographic challenges. Italy is battling with a falling birth rate and a shrinking population. Last year new births dropped to a record low of around 370,000, and the population fell by 37,000 to 58.93 million, continuing a decade-long trend. In its latest demographic forecast, Istat predicted that the number of people in the 15-64 age group would fall from 37.4 million in 2024 to 29.7 million in 2050, with their share of the total resident population falling to 54.3% from 63.5%. In the same period, the percentage of residents over the age of 65 is projected to rise to 34.6% of the total, from 24.3% currently, and the share of children up to the age of 14 to fall to 11.2% from 12.2%. Italy's long-declining birth rate is considered a national emergency. But despite Prime Minister Giorgia Meloni and her predecessors' pledges to tackle the issues, no one has so far been able to halt the drop. Istat estimated on Monday that Italy's resident population would fall to 54.7 million by 2050, although it added that its forecast had a large margin of variability and uncertainty linked to migration trends. In a report last year, Scope Ratings said Italy's demographics were the worst in Europe in terms of economic growth potential between 2023 and 2040, with a rapidly ageing population posing a threat to strained public finances. Solve the daily Crossword
