The EU has agreed to a standstill in legal action against the UK for breaches to the Northern Ireland protocol, Euronews has learned. The European Commission initiated infringement proceedings against the UK government last March after it unilaterally extended Grace Periods on goods no longer allowed to be exported to Northern Ireland due to Brexit. … Continue reading EU halts legal action against UK over Northern Ireland
Investors betting huge amounts on Brexit
Investors in British companies are taking a stand against cheap takeovers. Shares in UK-listed groups like Spire Healthcare (SPI.L) and Vectura (VEC.L) are trading above the price of recently agreed offers. Big shareholders including Allianz Global Investors complain that some deals are too cheap, while merger arbitrageurs are betting on higher bids. But buyers have good reasons to hold … Continue reading Investors betting huge amounts on Brexit
Brexit now a messy divorce for UK and EU
When Britons voted for Brexit in 2016, they were promised a smooth transition to a new economic relationship with the European Union. Now the two sides are hurtling toward a tumultuous split that threatens billions worth of trade and hundreds of thousands of jobs. An outcome almost no one wants looks increasingly hard to avoid, … Continue reading Brexit now a messy divorce for UK and EU
Brexit Update: UK agrees to remove law-breaking clauses in legislation
The UK has agreed to remove the law breaking elements of a piece of Brexit legislation that had been threatening to derail the prospect of a free trade deal with the EU and US. Boris Johnson's government has agreed "in principle" to remove controversial aspects of the UK Internal Market Bill, meaning there has been a resolution … Continue reading Brexit Update: UK agrees to remove law-breaking clauses in legislation
Why the EU and UK are still arguing over Brexit
It’s more than four years since Britain voted to leave the European Union, and almost a year since Prime Minister Boris Johnson won an election by vowing to “get Brexit done.” Spoiler alert: It is not done. As negotiators from the two sides hunker down for their final weeks of talks on an elusive trade … Continue reading Why the EU and UK are still arguing over Brexit
Britain and Japan consolidate trade agreement for post-Brexit era
Japan and Britain signed a bilateral free trade deal Friday in the the first such major post-Brexit deal, reducing tariffs on Yorkshire lamb sold in Japan, as well as auto parts for Japan’s Nissan plant. “How fitting it is to be in the Land of the Rising Sun to welcome in the dawn of a … Continue reading Britain and Japan consolidate trade agreement for post-Brexit era
Boris: Get ready for no-deal Brexit
British Prime Minister Boris Johnson said on Friday that the time has come for the UK to “get ready” for a no-deal Brexit on Jan. 1. Reading a statement from Downing Street, Johnson said: “From the outset, we were totally clear that we wanted nothing more complicated than a Canada-style relationship based on friendship and … Continue reading Boris: Get ready for no-deal Brexit
The UK govt spent a whopping €5b on Brexit
The UK's National Audit Office (NAO) has released a report showing that government departments spent at least £4.4 billion (€5.08 billion) preparing for the United Kingdom's exit. In the 32-page report, published on Friday (March 6), the office said it had asked all 18 central government departments and two non-ministerial departments to provide information on the cost … Continue reading The UK govt spent a whopping €5b on Brexit
UK threatens to boycott trade negotiations with EU
Britain laid out its opening demands for upcomingtrade talks with the European Union on Thursday,including a blunt threat to walk away from the negotiating table if there is no progress within four months. The two sides appear headed for a rocky first round of negotiations as they try to forge a new relationship following the … Continue reading UK threatens to boycott trade negotiations with EU
A major post-Brexit challenge for the EU
The Brexit drama shook the foundations of the European Union for years and laid bare the need for much-delayed political renovations at the 27-nation bloc. But now that Britain has finally left, where does the EU revamp even start and who is going to foot the bill? Those questions loom large for EU officials and … Continue reading A major post-Brexit challenge for the EU
EU citizens no longer feel welcome in Britain
Britain is letting European Union citizens stay once the country completes its transition out of the EU at the end of 2020. But some are choosing to leave and move back to the continent. Hanneke van der Werf is a Dutch herbalist and garden designer living on the border of Wales and England. Britain has … Continue reading EU citizens no longer feel welcome in Britain
How will Brexit affect Tesco?
AN OVERVIEW OF THE CURRENT POSITION AND DEBATES ON BREXIT The word “Brexit” is an acronym for “Britain” and “exit.” It refers to UK’s secession plan from the European Union (EU). Prior to 1992, when EU launched a single market—which remains its greatest achievement and main objective—most EU countries were signatories to a free trade … Continue reading How will Brexit affect Tesco?
What happens to child refugees fter Brexit?
Conservative MPs have voted down a House of Lords amendment to Boris Johnson’s Brexit legislation, which would have guaranteed family reunion rights for unaccompanied child refugees after EU withdrawal. Despite appeals from children’s charities, MPs rejected the safeguards in the Withdrawal Agreement Bill by a margin of 342 votes to 254 – a majority of 88. All of those voting against the measure were Tories. … Continue reading What happens to child refugees fter Brexit?
UK to exploit Africa’s fast-growing economies for post-Brexit survival
The United Kingdom sees numerous opportunities in Africa and considers the continent an economic lifeline in post-Brexit era. British Prime Minister Boris Johnson and Prince Harry touted the U.K. as an ideal business partner for Africa on Monday as their country prepares for post-Brexit dealings with the world. But Britain faces tough challenges as it … Continue reading UK to exploit Africa’s fast-growing economies for post-Brexit survival
Brexit uncertainty: Causes, new tasks, and opportunities
The European Union’s cumbersome withdrawal process that seems to have stalled the UK’s secession plan ahead of 29 March 2019 deadline. Amid Brexit uncertainty -- as Theresa May’s parliament is yet to agree on terms and conditions for exiting the political union, a report from Acumen International (a global employer of record) shows that non-UK … Continue reading Brexit uncertainty: Causes, new tasks, and opportunities
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