EU-UK green energy dispute sends clear message to global economy ...Middle East

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On July 1, the European Union (EU) and the United Kingdom (UK) stepped back from the brink of a trade war. You read that correctly. The EU sued the UK at the World Trade Organization (WTO), but last week they reached an out-of-court settlement. The dispute is intriguing for several reasons. First, it’s coincidental that London’s first post-Brexit dispute at the WTO was filed by Brussels. Second, it’s ironic that the EU hit the UK over a green energy scheme that is popular across Europe. Third, Brussels argument hinges on just one legal claim, which is rare, to say the least. But things are often more complicated than they appear at first blush. To start, the EU’s case is about th

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