War Fears | Officials and investors are starting to worry that the world is sliding toward a new era of great-power conflict, as the number of flashpoints multiplies from West Africa through Ukraine to the Middle East. For some, the web of overlapping conflagrations carries echoes of the period before World War I. Trump Trade | Donald Trump hasn't even secured the Republican nomination for the 2024 US election, but the prospect of another Trump term has the EU worried — so much so that the bloc is leaning toward conceding a key issue to President Joe Biden in a dispute over steel imports. Russian Assets | The EU is moving ahead with a proposal to tax profits from more than €200 billion of frozen Russian central bank assets to aid Ukraine's reconstruction despite concerns from several member nations. The commission tentatively plans to unveil its legislative proposal on Dec. 12. Mercosur Deal | The EU and South America's biggest economies are closer than ever to concluding a major trade agreement more than two decades in the making, with leaders from both regions optimistic they can strike a deal next week. Shaky Rating | A year since President Emmanuel Macron was warned that France's credit status faced closer scrutiny, the possibility of a humbling downgrade is looming ever larger. S&P Global ratings has scheduled an update today, almost exactly 12 months after announcing a negative outlook. |
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