Airbus

European shares sink again as coronavirus deaths mount

European shares were stuck near seven-year lows on Monday after several countries expanded measures to curtail the spread of the coronavirus pandemic, with Italy banning even domestic travel as the number of fatalities there topped 5,400.

The benchmark STOXX 600 index was down 4.6 percent at 0806 GMT, with bourses in Germany, Spain and London leading declines.

The US Introduces New Duties on European Goods

As of today, the United States is introducing duties on a number of European Union goods - from 10% to 25%, affecting goods and services totaling $ 7.5 billion.

Washington has received the green light for action after the World Trade Organization approved penalties against European countries that violated trade rules in subsidizing airline giant Airbus.

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