内容摘要：Authorities in the German city of Cologne have defused three unexploded World War Two bombs after the evacuation of more than 20,000 people.

Authorities in the German city of Cologne have defused three unexploded World War Two bombs after the evacuation of more than 20,000 people.

For French wines in general, things could be even worse."When President Trump raised import duties by 25% for one-and-a-half years of his first mandate, we lost about $600m [£450m] very quickly," says Jerome Bauer, president of the French National Wines and Spirits Confederation.

"But back then Champagne wasn't included, and neither were wines stronger than 14 degrees of alcohol. So you can see the scale of the threat today."The solution Mr Bauer is backing is free trade. No tariffs. But you'd expect him to say that, given that France and Europe run a big trade surplus with the US when it comes to wines and spirits.More surprising, perhaps, is the opinion of his American competitors in California and Oregon who, you might think, would be cracking open something a bit special to celebrate.

"This looks horrible from our perspective. We don't like it one bit," says Rex Stults, vice-president of industry relations at Napa Valley Vintners, which represents 540 wineries in the sunny slopes of California's most famous wine region."Wine is an international product. Even here in the Napa Valley, our wineries primarily get their corks from Portugal, and their oak barrels, a key component in winemaking, from France.

Mr Stults adds: "They're already expensive and the potential is that they will get more expensive."

Also, trade wars cut both ways. He says the tariffs announced against Canada are having a devastating impact on US wine exports.It forecast the UK economy would expand by 1% in 2026, compared to the 1.2% it pencilled in a few months ago.

"The state of the public finances is a significant downside risk to the outlook if the fiscal rules are to be met," the OECD said.It suggested that Reeves should adopt a "balanced approach" of "targeted spending cuts" and tax increases to improve the UK's public finances.

"Strengthening the public finances remains a priority... including through the upcoming Spending Review," the OECD said.It suggested closing tax loopholes and re-evaluating council tax bands based on updated property values.