Thursday, 16 August 2018

Tag Archives: Brexit

Next enjoys sales rise over Christmas

  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

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

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

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

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

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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Britain and EU reach historic deal on Brexit divorce terms

LONDON: Britain and the EU reached a historic deal on Friday on the terms of the Brexit divorce after Prime Minister Theresa May rushed to Brussels for early morning talks. The European Commission said it “recommends sufficient progress” had been made by Britain on separation issues including the Irish border, ...

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Very good progress made on Brexit, says Theresa May

LONDON: Prime Minister Theresa May insisted “very good progress” was being made in Brexit negotiations – as the DUP said there was “more work to be done”. PM May appeared in Prime Minister’s Questions after a phone call with DUP leader Arlene Foster, who has refused to support draft plans ...

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Sadiq Khan: London and Mumbai have similar personalities

MUMBAI/LONDON: The similar personalities of London and Mumbai should pave the way for greater interaction between the two cities, their first ethnic minority mayor, Sadiq Khan, said in the city. Khan proposed stronger ties in trade, films production and filming, improving air quality, and tackling climate change. “London and Mumbai ...

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PM Theresa May in Brussels for key Brexit talks

BRUSSELS: British Prime Minister Theresa May will meet key European Union (EU) figures on Monday here for talks on Brexit which could determine whether the UK is able to move on to negotiations on trade. The Prime Minister, accompanied by the Brexit Secretary David Davis, will meet European Commission president ...

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