Proceeds from the sequel to Mario Puzo’s novel “The Godfather” published last week will be put in escrow while Paramount Pictures and the late novelist’s estate pursue litigation over the publishing rights.
The European Union is threatening to impose duties on imports of bioethanol from the U.S., saying American sellers may be using trade-distorting government aid to sell in the EU below cost, a practice known as dumping.
Russia plans to cut its timber export duty to about 15 percent of customs value from 25 percent as part of talks with the European Union on its bid to join the World Trade Organization, said an official with direct knowledge of the negotiations.
China, the world’s biggest supplier of rare earths, almost doubled its export quota for the second half from a year ago, a change the European Union said actually adds restrictions to overseas shipments.
The European Union warned China of possible tariffs on mobile-telecommunications equipment unless the government in Beijing curbs exports, the latest EU salvo against Chinese threats to manufacturers in Europe.