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Robertobinna73
Sheffield Weds Points Deduction Reduces
~1.0 mins read
Sheffield Wednesday have had their points deduction for breaching EFL spending rules halved from 12 to six.
 
The revised punishment, set by an arbitration panel on Wednesday, will see their current points total grow from minus one to five.
 
 
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Wednesday were informed they would start the 2020-21 season on -12 points in August, having been told by the league they "should not have included profits from the sale of Hillsborough in financial statements for the period ending July 2018".
 
 
 
 
Sheff Weds deducted 12 points for breaching EFL rules
Championship highlights
 2:00
Highlights of the Sky Bet Championship match between Sheffield Wednesday and Bournemouth
They have made a bad start to the campaign, with five defeats from their opening 10 games - and the Owls have not confirmed whether they are happy with the outcome, or whether further challenges are forthcoming.
 
A statement read: "In August 2020, the club filed an appeal to a League Arbitration Panel against the decision of the EFL Disciplinary Commission to impose a sanction on the club of a deduction of 12 points in season 2020/21.
 
"The club confirms that today its appeal was upheld in part. The decision of the League Arbitration Panel is that the sanction is reduced to a deduction of six points in season 2020/21.
 
 
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Robertobinna73
US Election: How The Outcome May Affect The Trade Conflict With The EU
~2.1 mins read
Can the European economy expect any clouds to lift after the US elections? Described by Donald Trump as the United States leading commercial foe, the European Union has paid a high price for his America First policies.

How much more would the EU stand to lose from his re-election - and how much could it gain from a victory by Democrat candidate Joe Biden?

Wine industry turbulence

In the light of the changing face of transatlantic relations, nothing can be take for granted - that's what the people in this edition of Unreported Europe tell us, starting in the heart of France's vineyards.

Wine is one of a number of European food and drink products targeted by punitive tariffs.

Set in between the Burgundy and Beaujolais regions, wine producer and trader Maison Jean Loron send a quarter of their exports for sale in the American market.

But business got much harder a year ago, when French, German and Spanish wine exporters were hit by a new 25% tax on their exports to the US.

Preserving market shares in the US was crucial in the face of competition from American and hilean wines, but also Italian wines, not hit by the tariffs.

Philippe Bardet, Maison Jean Loron's CEO, said their options were limited:

“We made a decision that hit us in the wallet: to lower our prices to offset the taxes applied by the United States.

"That (figure) has run into several hundred thousand Euros. That’s a lot to us, it's our profit for the year.

"We (now) sell for nothing in the United States. So we hope there will be a way out of this, we’re not sure."

I asked him if he thought the situation would change if Democratic Party candidate Joe Biden won instead:

“Obviously, a change of President would be a good sign.

"But whatever happens, the situation isn’t going to resolve itself in the short term

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