EU, U.S. strike compensation deal in gambling row
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The European Commission dealt a blow to European online gaming companies on Monday when Brussels accepted a U.S. offer of openings in other sectors as compensation for closing its gambling market to foreign firms.
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Online gambling firms faced their   biggest-ever crisis on Monday after U.S. Congress passed   legislation to end Internet gaming there, threatening jobs and   wiping 3.5 billion pounds ($6.5 billion) off company values.
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The European Union and the United States agreed Tuesday to defer pursuing complaints with the World Trade Organization while they attempt to settle their dispute over subsidies to Airbus and Boeing through bilateral talks.
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Antigua and Barbuda, the Caribbean island nation, won a World Trade Organization ruling that US legislation criminalizing online betting violates global laws.
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BRUSSELS  - Highlighting a more conciliatory mood since President Bush was re-elected, the United States and the European Union agreed Tuesday to try to settle amicably a decades-old trade dispute over billions of dollars in subsidies to aircraft makers Airbus and Boeing.
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The Ryder Cup has attracted an avalanche of betting in Britain and Ireland with one punter wagering a staggering 347,000 pounds (660,000 dollars) for a US win over Europe.
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WASHINGTON  - Antigua and Barbuda beat long odds Wednesday as the World Trade Organisation confirmed a ruling that a ban in the United States on Internet gambling violates global trading rules.
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A World Trade Organization decision  on the amount of retaliation that Antigua and Barbuda can  impose on the United States in an Internet gambling trade  dispute won't come out on Friday as expected, a U.S. trade  official said.
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The European Union and its  allies got the go-ahead on Tuesday to impose some &#36;150 million in sanctions on U.S. goods in a dispute that could stir trade tensions ahead of the U.S. elections.
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MGM rumors swirl British online gaming company 888 PLC is close to reaching an agreement with European wireless carriers to provide gambling services via cell phones - a move that could have consequences on the USâs bid to quash the online gambling industry.â¦
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US casino operators are queuing up for a share of the burgeoning British market, betting on an outbreak of gambling fever after MPs voted to loosen laws governing the industry.
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WASHINGTON, June 20  /PRNewswire-USNewswire/ -- Statement by Jeffrey Sandman, spokesperson for the Safe and Secure Internet Gambling Initiative, on how the European Union's request for compensation from the U.S. for banning non-U.S.
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Mission of Mandy The US now has until 14 December to come up with a trade compensation scheme for the blow its curbs on internet gambling have dealt EU firms.â¦
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A World Trade Organization panel said Wednesday the US government should drop prohibitions on Americans placing bets in online casinos - a ruling that could open the United States to offshore Internet gambling.
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Online gaming group PartyGaming Plc and rivals Sportingbet and 888 warned on Monday they would be hit by legislation aimed at preventing gambling in the United States over the Internet.
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The European Union and the United States exchanged blows again on Friday over a transatlantic aircraft pact, sharpening a trade row and calling into question funding for the world's top aircraft makers.
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EuropeÂs biggest drug maker, said that it would pay $3.1 billion to settle a tax dispute with the United States government.