Wednesday, 21 February 2018

Tag Archives: Brexit

Pakistan to deploy troops in Saudi Arabia

pakistan army

In a major policy shift, Pakistan will deploy troops in Saudi Arabia under an existing bilateral security cooperation agreement with its close ally which is involved in a civil war in neighbouring Yemen. Pakistan Army announced the decision to send troops on a “training and advise mission” to Saudi Arabia ...

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Brexit gives grounds for hope, says Boris Johnson

Boris Johnson

LONDON: Foreign minister Boris Johnson will appeal on Wednesday to those who he says are seeking to reverse the result of Britain’s vote to leave the European Union, saying Brexit “is not grounds for fear but hope”. In the first of several speeches by government ministers that Prime Minister Theresa ...

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France expects UK to pay up, take more refugees to keep border

Emmanuel Macron

PARIS: France expects Britain to agree to take more asylum seekers and pay more for border security in order to maintain a frontier on the French side of the Channel, a French government official said. Britain’s border was extended into France under a 2003 bilateral treaty known as the Le ...

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‘No deal’ Brexit could cost Britain about 500,000 jobs: London mayor

SADIQ KHAN LONDON

LONDON: Britain could lose almost 500,000 jobs and 50 billion pounds ($67.41 billion) investment over the next 12 years if it fails to agree a trade deal with the European Union, according a report commissioned by London Mayor Sadiq Khan. Cambridge Econometrics, an economics consultancy, looked at five different Brexit ...

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Next enjoys sales rise over Christmas

next-shop

  LONDON: The high street giant said full-price sales in the 54 days to December 24 increased 1.5%, ahead of expectations. Part of the improvement, the company said, was down to much colder weather leading up to Christmas. Next saw online sales jump 13.6% in the period, helping mitigate a ...

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Pakistan’s GSP Plus arrangements to be maintained by UK post-Brexit

British Deputy High Commissioner Elin Burns

KARACHI: British Deputy High Commissioner Elin Burns, while highlighting the British government’s commitment, said that when UK leaves European Union (EU), Pakistan’s GSP Plus arrangements will be maintained by UK, if not improved. “We will unilaterally agree to put those GSP Plus arrangements in place which is going to be ...

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EU Banks in UK likely to operate ‘as normal’ after Brexit

UK-EU

LONDON: The Bank of England will allow European banks to continue selling their services in the United Kingdom without having to create expensive subsidiaries after Britain leaves the European Union. The decision, if confirmed, would mean European banks offering wholesale services would not face new post-Brexit hurdles to operating in ...

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EU agrees to start phase two of Brexit talks

THERESA-MAY-UK-EU-BREXIT

PARIS: The European Union agreed on Friday to move talks forward with London on Britain’s exit from the bloc as leaders warmed to the British premier, but there was little clarity on trade, as well as on some issues already discussed. On the second day of a Brussels summit, EU ...

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Bank of England keeps interest rates on hold

Bank of England

LONDON: The Bank of England has kept its main interest rate unchanged at 0.50 percent, a month after increasing borrowing costs for the first time in a decade to contain a rise inflation stoked by last year’s Brexit vote. Thursday’s decision was unanimous in the bank’s nine-strong policy committee. It ...

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Sadiq Khan’s Pakistan visit

SADIQ-KHAN-LONDON-PAKISTAN

The first Muslim mayor of London – Sadiq Khan – is visiting Pakistan. The visit of the London mayor is significant for several reasons. It is a part of his #LondonIsOpen tour which aims to promote the UK as a business, education and cultural hub following the Brexit decision. The ...

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