Wednesday, 23 October 2019

Tag Archives: Brexit

British Pound falls after MPs delay key Brexit vote

LONDON: The British pound fell against the dollar after currency markets opened in Asia early, following a delay to a crucial Brexit vote and a new request to extend the deadline from October 31. The currency opened down 0.6% at $1.2915, after closing just below $1.30 mark, according to Reuters. ...

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Brexit deal talks ‘in the final stretch’, say Merkel and Macron

The European Union and Britain inched ever closer to a Brexit deal, with the leaders of France and Germany saying they expected an agreement could be sealed at a key EU summit. Positive vibes radiated from French President Emmanuel Macron and German Chancellor Angela Merkel at a joint news conference ...

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EU mulls new emergency summit to ‘get Brexit deal done’

BRUSSELS: The European Union is considering a new emergency summit to get a Brexit deal , the BBC reported. EU internal discussions are now focusing on a possible “holding pattern statement” at this week’s EU leaders summit, along the lines of “we’ve made great progress in negotiations but still need ...

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Volkswagen increases stockpiles of cars in Britain ahead of Brexit

STUTTGART: Volkswagen has increased stockpiles of cars in Britain, it said on Wednesday, as politicians struggle to nail down the terms of the country’s departure from the European Union ahead of an Oct. 31 deadline. The potential for a disorderly “no deal” Brexit, and concerns about future trading relations, are ...

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EU to reach Brexit position by end of next week: Macron

PARIS: French President Emmanuel Macron told British Prime Minister Boris Johnson that the possibility of a Brexit accord would be evaluated by the end of next week. Johnson, in a telephone conversation with Macron, “presented his latest proposals,” the French presidency said in a statement. Macron “indicated that the negotiations ...

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Britain to table ‘final’ Brexit proposals today

MANCHESTER: Prime Minister Boris Johnson will submit “final” proposals for a new Brexit agreement, officials said, warning that if the European Union did not engage with them, Britain would leave the bloc this month with no divorce deal. Johnson will provide details of the “fair and reasonable compromise” during his ...

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UK to leave European Union on 31 October

LONDON: According to the current legislation, the United Kingdom is entitled to request a 3-month Brexit extension on 19 October if a deal is not secured that would maintain trade relations with the EU by the 31 October Brexit deadline. Britain will pull out from the European Union on 31 ...

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Jaguar Land Rover to close UK factories for a week over Brexit

GAYDON: Britain’s biggest carmaker, Jaguar Land Rover, will close its British factories for a week in November to cope with Brexit, its boss said on Thursday, a plan automakers are adopting to help prepare for any disruption resulting from a no-deal. Asked whether the firm was thinking about shutting its ...

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Brexit minister Barclay says UK making progress on exit deal

LONDON: Britain is making progress towards a Brexit deal but significant work remains to be done, Brexit minister Stephen Barclay told Sky News. “There’s been a huge amount of work going on behind the scenes. We can see a landing zone in terms of a future deal but there is ...

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Boris Johnson believes Brexit deal with EU possible within weeks

LONDON: UK Prime Minister Boris Johnson earlier this week reiterated – after his bid for snap elections again failed in the British Parliament – that he would do everything in his power to strike a deal with the European Union and confirmed that his administration would not ask Brussels for ...

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