WTO authorizes tariffs on $4 billion of US exports to EU in Boeing subsidies case
The World Trade Organization (WTO) has announced its decision that the European Union will be authorized to impose tariffs on USD 4 billion of US goods exported to the European Union every year. This follows four previous WTO panel and appellate reports from 2011 to 2019 confirming that subsidies to Boeing violate WTO rules. The […]
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Cyprus halts its Golden Passport Program
Cyprus authorities have decided to suspend its Golden Passport Program that grants Cyprus citizenship to wealthy foreigners who invest in the island’s economy. The decision was made by the Cypriot government at an emergency meeting, against the background of abuses of the provisions of the investment program mechanism. It was announced that the issuance of […]
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Passenger Levels Still Low at Frankfurt Airport
In September 2020, Frankfurt Airport (FRA) served some 1.1 million passengers – an 82.9 percent decline compared to the same month last year. Cumulative traffic at FRA during the January-to-September 2020 period fell by 70.2 percent. The low passenger demand resulted from persisting travel restrictions and the uncertainties for travel planning in the wake of […]
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Farewell Alitalia Airline: Hello Italia Trasporto Aereo SpA (ITA)
According to the Italian government decree signed on the evening of October 9 by the four ministers of Economy, Transport, Economic Development, and Labor, the company statute, annexed to the decree, confirms that the Alitalia name will no longer exist. The new company, Italia Trasporto Aereo SpA, will be based “in the Municipality of Rome,” […]
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UK Global Travel Taskforce given November 1 deadline
Traffic fell in September, with a loss of 5.5 million passengers over the course of the month. Just over 1.2 million passengers traveled through Heathrow in September, down 82% compared to 2019. Most travel is to the remaining European destinations on the UK’s travel corridors list. However, the number of countries on this list has […]
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