Monday, 22 October 2018

Tag Archives: Brexit

May to say Brexit ’95 percent’ settled as MP mutiny fears rise

LONDON: Prime Minister Theresa May will tell Britain’s parliament on Monday that Brexit negotiations are “95 percent” complete but that she cannot accept the European Union’s Northern Ireland border proposals – as she faces down an increasingly mutinous faction within her own party. May has been on the receiving end ...

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Now is the time for Brexit deal, May tells EU

BRUSSELS: British Prime Minister Theresa May said that “now is the time” to make a Brexit deal happen, as she arrived for a summit with EU leaders hoping to unblock stalled divorce talks. May will pitch her vision of how to save the talks on Britain’s exit from the union ...

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German business losing patience with limping Brexit talks

FRANKFURT AM MAIN: With just under six months until Brexit day, German business is losing patience with negotiations ahead of a vital deadline, warning ever more stridently of the risks of a no-deal departure. “Europe must stop a worst-case Brexit scenario,” Joachim Lang, director of the Federation of German Industry ...

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UK Home Secretary to propose limitless access for EU migrants

  LONDON-Sputnik: UK Home Secretary Sajid Javid is set to address the cabinet with a proposal to allow migrants from the European Union to enter the United Kingdom without any limits for 30 months if the sides to the Brexit talks fail to reach an agreement, media reported on Monday. ...

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BMW moves UK plant shutdown to just after Brexit

LONDON: German carmaker BMW said it will move the annual maintenance shutdown period for its British Mini plant to just after Britain is due to leave the European Union in April, in case there is no Brexit deal. Carmakers generally close their factories over the summer for a few weeks ...

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Cadbury Owner Stockpiles Brexit Chocolate Stash To Avoid Interruptions

LONDON: Cadbury owner Mondelez International is stockpiling ingredients, chocolates and biscuits in Britain to avoid interruptions to business in the event of a hard Brexit. The preparations are the latest from a growing list of big companies unsettled by the lack so far of an exit deal as Britain’s planned ...

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UK’s Raab ‘stubbornly optimistic’ of Brexit deal with EU

BRUSSELS: Brexit minister Dominic Raab said he was “stubbornly optimistic” that Britain would reach a deal with the European Union on the terms of its departure from the bloc in time for an October meeting of EU leaders. After talks with the EU’s chief Brexit negotiator Michel Barnier on Friday, ...

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Stellar EU banks’ performance won’t last

PARIS: European banks may have managed to generate surprisingly solid earnings in the second quarter, but low interest rates, Brexit fears and trade war woes make a repeat performance unlikely, analysts say. Big names BNP Paribas, Barclays, Intesa Sanpaolo, Credit Suisse and BBVA all wrongfooted sector experts with results exceeding ...

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EU drugs agency to see 30% staff losses over Brexit move

The European Medicines Agency (EMA) is to scale back operations further as it copes with higher than expected staff losses, triggered by the watchdog’s forced relocation from London to Amsterdam because of Brexit. “Overall, EMA expects a staff loss of about 30%, with a high degree of uncertainty regarding mid-term ...

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