E.U. Files Complaint About Boeing
The European Union filed a counter complaint at the World Trade Organization claiming that United States-based Boeing receives illegal government aid. E.U. Trade Commissioner Peter Mandelson said he had little choice but to retaliate after the United States decided to close the door on reaching an amicable solution to the standoff with France-based Airbus. The United States said Monday that it would bring its claim against the E.U. before a WTO panel.
Head of Development Bank to Quit
Enrique V. Iglesias said he will resign as president of the Inter-American Development Bank effective Sept. 30 after more than 17 years in the job. His five-year term was to expire in 2008. The District-based institution's 47 member countries have 45 days to nominate a successor.
The bank under Iglesias became the leading source of development bank financing to Latin America.
Economic Growth Slows to 2.9 Percent
Brazil's economy expanded more slowly than expected in the first quarter of 2005 as the country's central bank repeatedly increased the benchmark interest rate in an attempt to control inflation, the government said. Gross domestic product grew at an annual rate of 2.9 percent from January through March from the comparable period last year. The report also showed a slowdown in manufacturing and service industries and a decline in consumer spending.
Sick Chickens to Be Slaughtered
Authorities ordered the slaughter of 17,000 chickens with an unknown respiratory illness that has already killed 6,000 chickens in a central western Brazilian state. The government expects to identify the disease by the end of the week.
Brazil is the world's largest chicken exporter. Production rose 8 percent last year and exports rose 26 percent, in part because of the outbreak of bird flu in Asia.