WTO says EU can put tariffs on $4 billion of US goods

GENEVA (AP) — International arbitrators said Tuesday that the European Union can impose tariffs and other penalties on up to $4 billion worth of U.S. goods and services over illegal American support for plane maker Boeing. The move further sours transatlantic ties at a time when the coronavirus has doused trade and savaged economies.

The ruling by the World Trade Organization arbitrators, which could inflame Trump administration criticism of the Geneva-based body, amounts to one of the largest penalties handed down by the WTO.

It comes a year after another ruling authorized the United States to slap penalties on EU goods worth up to $7.5 billion – including Gouda cheese, single-malt whiskey and French wine – over the bloc’s support for Boeing rival Airbus.

Now the EU can have its own turn at trade punishment, and has already been considering which American products it could target. A preliminary list that

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Best sales in October on home goods, appliances, tech and more.

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October is here and while we would come to expect smaller fall and Halloween sales, the coronavirus — among other factors — has caused this month to look different than years past. For one thing, after months of delay Amazon Prime Day 2020 officially begins tomorrow — and competitors like Target, Walmart and Wayfair have already started their counter sales. What does this mean? More products are offered at slashed prices, including home goods, electronics and more. And while we would normally expect big sales to ramp up come Black Friday and Cyber Monday, it seems that holiday shopping and related sales

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Australia’s Therapeutic Goods Administration to undergo a AU$12m digital transformation

Australia’s Therapeutic Goods Administration (TGA) is getting a digital makeover, after the federal government announced on Friday it would invest AU$12 million over four years to make it happen.

As part of the revamp, TGA’s business systems and infrastructure will be digitised and cybersecurity measures will be bolstered.

Specifically, it will enable medical companies to use automatic data transfer to deliver drug reaction reports on patient safety from their own internal databases into the TGA Adverse Events Management System (AEMS) database, saving up to 15 minutes per report. This will be a change to the current process that requires reports that are submitted in PDF format, as well as other formats, to be manually entered into the database. 

See also: ADHA details My Health Record breach attempt

Minister for Health Greg Hunt touted the revamp would help cut red tape for more than 4,000 businesses that apply to register medicines

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