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The Financial Times has learned that Poland will oppose the European Commission's proposal to extend Ukraine's preferential trade regime for another year, which may be announced as early as Tuesday, 16 January. ....
Physical gold dealers in India were forced to offer steeper discounts this week as record high prices accelerated a post-festival slowdown in demand, with the rise in local prices hurting activity in other Asian hubs as well. Indian dealers offered discounts of up to $9 an ounce over official domestic prices — inclusive of 15% import and 3% sales levies — up from the last week's discounts of $6. Demand was good for a few days after the Diwali festival last month, but rising prices have brought the market to a standstill, a New Delhi-based bullion dealer said. ....
Most favored nation status. the wto has 164 members which trade equally at favorable rates. that includes the lowest tariffs, highest import quotas and the fewest trade barriers. now, without that status, western allies can increase tariffs and impose quotas on russian goods and even ban them. if russia is kicked out it will join iran, north korea, syria and belarus who aren t members of the wto. melissa bell joins us from paris with a closer look at the sanctions. melissa, take us through what s in them, how it was missed and how those will affect not just putin but the west. reporter: well, the big missing part and the great frustration from europeans where they could after all round of sanctions imposed by the united states, by the united kingdom, how they could do now, equipped with the russian economy to take on the russian exports. ....
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