EU mulls $20bn tariffs on US, Deutsche Bank faces action over Russia scandal, and more top news

The news professionals in Europe are talking about now, curated by LinkedIn’s editors. Join the conversation on today's stories in the comments.

Tomato ketchup, handbags and video game consoles are among the US goods facing EU tariffs. The EU has threatened the US with $20bn of tariffs in a long-running feud over Boeing and Airbus subsidies, releasing an 11-page list featuring tobacco, tractors and frozen fish. The announcement follows the recent US statement that it may impose tariffs on roughly ￡8.4 billion in EU goods in response to Airbus subsidies. The EU has said it remains open to discussions with the US. ? Here’s what people are saying.

Deutsche Bank executives could be prosecuted, according to a Guardian report which also says the bank is facing fines and legal action over its role in a $20bn Russian money-laundering scheme. Based on a confidential internal report, the Guardian said bank admits there is a high risk that regulators in the US and UK will take “significant disciplinary action” against it. Deutsche Bank was linked to a money-laundering operation, dubbed the Global Laundromat, through which Russian criminals moved money into the western financial system. ? Here’s what people are saying.

An international architectural competition will be launched to redesign the roofline of Notre Dame Cathedral, after French President Emmanuel Macron vowed to restore it to its full glory within five years after the massive fire there Monday — just in time for the Summer Olympics of 2024 to be held in Paris. Two of France’s billionaires, meanwhile, appeared to be bidding each other up in donating millions toward the reconstruction effort, with offers of funding and technical assistance also rolling in from abroad. ? Here’s what people are saying.

UK employees are working more hours than any other member of the European Union, but often less productively, according to a new study from the TUC. Last year, British workers averaged 42 hours per week, compared to roughly 40 for the typical EU employee. “Overwork, stress and exhaustion have become the new normal”, said Frances O'Grady, TUC general secretary. The UK is the only major advanced economy that is forecast to show a decline in productivity growth this year, research suggests. ? Here’s what people are saying.

Shares in Italian football team Juventus plunged Wednesday after it was knocked out of the Champions League. It’s Milan-listed shares lost up to a quarter of their value — and were temporarily suspended — while shares in Amsterdam-based Ajax, which bested Juventus, rose by more than 7% to an all-time high. Ajax now has the chance to boost its annual revenue by more than a third, according to The Telegraph. Reaching the semis has earned it an added €12m in prize money, with a further €19m potentially up for grabs if it progresses further, the newspaper said. ? Here’s what people are saying.

Idea of the Day: Things won’t always go your way but your attitude will determine your success, says social media ghostwriter Bruce Kasanoff.

“When you fail, act as though success is following close behind — [and] when you succeed, act as though failure is following close behind.”

What's your take on today’s stories? Share your thoughts in the comments.

— Ben Collins and Natalie MacDonald