Saturday, 19 January 2019

Tag Archives: Brexit

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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British PM wins key Brexit vote despite ongoing rebellion

LONDON: British Prime Minister Theresa May narrowly survived another crunch Brexit vote in parliament Tuesday, as she struggles to unify her divided party around her strategy for leaving the European Union. The Conservative government defeated an amendment introduced by its own backbench MPs to a future trade policy bill which ...

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Brexit bill becomes law

LONDON: A bill enacting Britain’s decision to leave the European Union has become law after months of debate, the House of Commons speaker announced on Tuesday, to cheers from eurosceptic lawmakers. Speaker John Bercow said the EU (Withdrawal) Bill, which repeals the 1972 Eu­­ro­pean Communities Act through which Britain beca­­me ...

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Indian-origin student racially abused in UK

LONDON: A 28-year-old Indian-origin student in the UK has been racially attacked by a man, shouting “Brexit, go back home” after the Briton made sexist remarks towards a hijab-clad woman, media reports said. Rickesh Advani, a political science student at Cambridge University, confronted the man for his comments towards the ...

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Brexit: UK, EU will not get ‘exactly what we want, PM May says

Prime Minister Theresa May.  REUTERS/Joe Giddens/Pool LONDON: British Prime Minister Theresa May said on Friday that both London and Brussels will have to make concessions in Brexit negotiations, adding that she remained “confident” of a deal with the EU. “We both need to face the fact that this is a ...

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