The United Kingdom (UK) and the European Union (EU) are set to begin talks for an agreement about coordinating financial services, Reuters reported. The announcement was made on Tuesday by the spokesman of the British Prime Minister Boris Johnson. The aim is reportedly to reach an agreement by March. “Discussions …
Read More »Eurozone Contraction in December is Deeper Than Expected
A survey showed that economic activity in the Eurozone recorded a more severe contraction than previously thought at the end of 2020 and may deteriorate further with the renewal of the general isolation restrictions imposed to contain the Coronavirus, which has affected the services sector that dominates the bloc. With …
Read More »Trading of Euro-Denominated Shares Moves From London to the European Union
Euro-denominated stocks moved from London to new platforms in the European Union on Monday, the first trading day after Britain withdrew from the bloc’s single market. Trading in euro-denominated shares in Amsterdam and the new Aquis exchange platform in Paris grew steadily when trading began without any problems.
Read More »European Union Governments Agree to Trade Agreement With Britain
German Foreign Minister Heiko Maas said that European Union governments agreed Tuesday to the trade agreement that regulates relations between Britain and the 27-nation bloc, which paves the way for its temporary implementation from January 1. The agreement, which maintains no customs duties or quotas for Britain, to the European …
Read More »UK and EU Express Relief Over Brexit Deal
The recently agreed-upon Brexit trade deal between the United Kingdom (UK) and the European Union (EU) is a good agreement for the fisheries industry, Reuters cited a senior member of the UK’s negotiating team as saying on Tuesday. “The deal we have got recognizes UK sovereignty over our fishing waters, …
Read More »Brexit Trade Deal Could Be Imminent
A Brexit trade deal could be imminent, with just eight days left until the end of the transition period, Reuters reported citing a senior European diplomat on Wednesday. However, according to another European diplomat, a no-deal Brexit remains a possibility. The European Union (EU) is reportedly making a final push, …
Read More »EU Making Final Push for Brexit Agreement
The European Union (EU) is reportedly making a final push, in trade talks with the United Kingdom (UK), for an agreement for the post-Brexit stage. Fishing rights remain the issue where the biggest disagreement lies, Reuters has reported citing the EU’s chief negotiator. “We are really in a crucial moment. …
Read More »London Not Looking to Extend Brexit Transitional Period
The United Kingdom (UK) has no intention to extend the Brexit transitional period, which ends on December 31 in order to allow more time for negotiations with the European Union (EU), as expressed by a spokesperson for the British Prime Minister Boris Johnson. The First Minister of Scotland, Nicola Sturgeon, …
Read More »UK: No-Deal Brexit Now Very Likely
It is now very likely that a no deal Brexit will be completed by the end of the year, a spokesman for the British Prime Minister Boris Johnson said on Thursday. Talks are in a serious situation and there is no room for an agreement unless the European Union (EU) …
Read More »Narrow Path Now Seen for Brexit Deal
With the end of the Brexit transition period approaching, there seem to be hopes for reaching a trade arrangement between the European Union (EU) and the United Kingdom (UK). The EU’s chief negotiator Michel Barnier said on Monday that a deal is still possible, noting that the upcoming days are …
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