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After 15 years and thousands of pages of arguments, the two sides are locked in arbitration proceedings at the Geneva-based World Trade Organization to determine the amount of harm each has caused through support, a possible precursor to sanctions. The WTO’s appeals body last year said the EU had failed to remove subsidized government development loans for the world’s largest airliner, the A380, and Europe’s newest long-haul jet, the A350, causing losses for Boeing and U.S. workers.

Now, the EU is preparing to argue to the WTO that A380 subsidies no longer exist because the aircraft is being taken batman black cufflinks and tie bar gift set off the market, said a European source familiar with the case, It will argue that the A380 part of the case should be halted because it will not be built after 2021, citing an earlier decision to drop charges on the now defunct A340, two European sources said, The United States argues that subsidies paid to the A380 in the form of government loans have irreparably caused lost sales to Boeing and that this should be remedied through sanctions..

Airbus and Boeing declined to comment. Last year’s appeals ruling was part of a two-way battle between the EU and the United States over aircraft subsidies that could spark tit-for-tat reprisals between the two trade superpowers. The Trump administration last year said the United States would slap countermeasures on European goods unless the EU stopped “harming U.S. interests”. WTO rules allow it to target any industry since all goods fall into one category. Boeing has predicted such tariffs could reach billions of dollars a year starting as early as 2019.

The EU has highlighted wins in a parallel case against U.S, subsidies for Boeing, and Airbus says this batman black cufflinks and tie bar gift set could in turn spark EU sanctions against the United States, Airbus said on Thursday it would no longer need to repay state loans on the A380 because governments had agreed to share some risk in the roughly 15-billion-euro project, It is estimated to have 1 billion euros in remaining unpaid government loans tied to the A380, The United States has consistently called on Airbus to forego the European loans or pay them back at market rates..

MEXICO CITY (Reuters) - Mexican state oil firm Pemex will make all its debt payments, President Andres Manuel Lopez Obrador said on Thursday, promising to shore up its finances after Moody’s and Fitch downgraded its credit rating to one notch above junk. Lopez Obrador, a veteran leftist who took office in December, said he would present a plan on Friday to strengthen Pemex’s finances. One source of funding will be savings from the government’s fight against fuel theft, he said.

“Pemex will never fail to fulfill an obligation,” Lopez Obrador said at a regular morning news conference, responding to a question on whether his government would refinance or restructure Pemex’s debt, “We will pay all of the obligations punctually.”, The plan to help Pemex’s finances is expected to include a reduction in the taxes the company pays to the government and a capital injection, batman black cufflinks and tie bar gift set Lopez Obrador said the government would not take on additional debt to help Pemex..

“We will not resort to debt,” he said. “We will have no problems resolving our obligations.”. The company said in a presentation viewed by Reuters that it expects to receive a capital infusion of at least $1.25 billion before year’s end. In addition, the government foresees injecting $1.8 billion to monetize labor liabilities and $600 million for “additional fiscal aid 2019-2014.”. The government also hopes to save Pemex $1.6 billion in its fight against fuel theft.

“The direct injection of capital will batman black cufflinks and tie bar gift set reduce the financing needs of Pemex and will provide additional liquidity to support the company’s investment program,” according to the presentation, Obrador’s administration previously spoke of reducing the Pemex tax burden to free up the firm to invest more in exploration and production, Rating agency Fitch downgraded Pemex’s credit rating in late January, citing the company’s high leverage and tax burden, Pemex holds roughly $103 billion in financial debt, the highest of any state oil firm in Latin America..



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