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Financial Times - May 7

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Headlines

After three years of negotiations, UK and India reach a trade agreement

UK closes on US trade deal with lower tariff quotas and cars

After rival complaint, a Czech court stops an $18 billion deal for nuclear reactors

Brussels wants to force EU gas companies to reveal their Russian contracts

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Britain and India have signed a free trade agreement that has been long sought after. The tariff wars sparked by U.S. president Donald Trump forced both sides to speed up efforts to increase trade in whisky and cars, as well as food.

Officials in London and Washington say that the U.S. has made progress in negotiations with Britain on a possible trade agreement, which would include lower tariffs for steel and automobiles.

After a complaint by a rival bidder, a Czech court blocked CEZ from signing an 18 billion dollar contract with South Korea's KHNP for the construction of a nuclear power plant.

The European Commission wants to tighten up on fuel imports by Russia in 2027.

(source: Reuters)