Sunday, 21 October 2018

Tag Archives: Brexit

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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Jeremy Corbyn warning to Morgan Stanley

MANCHESTER: Jeremy Corbyn has hit back at investment bank Morgan Stanley, telling the firm it is right to regard him as a threat. The Labour leader’s comments come after the US-owned bank released a report warning that the prospect of his party taking power was a bigger threat to the ...

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Two Britain-based EU agencies to be relocated to Amsterdam, Paris

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BRUSSELS: After hours of fierce bargaining and compromising, ministers of 27 European Union (EU) members voted on Monday to relocate Britain-based European Medicines Agency (EMA) and the European Banking Authority (EBA) to Amsterdam and Paris respectively. Amid a lingering deadlock of Brexit talks, Monday’s relocation is largely seen as an ...

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Britain won’t be pressured by Barnier’s Brexit deadline: Davis

BERLIN: Britain will not be pressured into giving a public answer to EU demands for concessions on a divorce agreement by the end of next week, its chief Brexit negotiator David Davis said Thursday. Davis’s negotiating partner, the EU’s Michel Barnier, last Friday handed Britain a two-week ultimatum to improve ...

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