Mar
09
2010
Israeli Anti-Peace Hints Through Jerusalem Settlements; US Slammed With Trade Sanctions
- The Brazilian government has announced trade sanctions against a variety of American goods in retaliation for illegal US subsidies to cotton farmers.
- The EU warned the United States against protectionism after a European-led consortium pulled out of the bidding for an Air Force contract, saying the terms had been altered to favor a US company.
- Israel’s decision to approve new East Jerusalem houses effectively prevents any peace negotiations from taking place, the Palestinian Authority said, following an Interior Ministry statement released earlier authorizing 1,600 new housing units.
- Timeline: Israeli military operations abroad.
- China, the world’s biggest holder of foreign exchange reserves, renewed its commitment to the US Treasury market but said it would be wary of substantially boosting its gold holdings.
- US researchers estimate that an 18 percent tax on pizza and soda can push down US adults’ calorie intake enough to lower their average weight by 5 pounds (2 kg) per year.
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