FLASH: BREXIT Agreement Negotiated by EU and U.K. Government Won’t be Reopened, EU Chief Tusk Says JPMorgan Chase & Co. CEO Jamie Dimon said UK PM Theresa May’s request to the European Union for a 3-month extension of the BREXIT deadline will not remove uncertainty associated with the impasse and raises the odds of a […]
UK Prime Minister Theresa May will ask the EU to delay BREXIT by at least 3 months after her plan to hold a 3rd vote on the divorce deal was thrown into disarray by a surprise intervention from the speaker of Parliament. Nearly 3 years after Britain voted narrowly to leave the EU, its departure […]
FLASH: UK Prime Minister Theresa May’s hopes of getting a BREXIT deal through Parliament were given a boost Saturday after a report that the Northern Irish party propping up her government might move toward backing her deal. The Democratic Unionist Party (DUP), which has 10 lawmakers in Parliament, is close to changing its position for […]
FLASH: French yellow vest protesters have clashed with riot police near the Arc de Triomphe on the 18th weekend running of demonstrations against President Emmanuel Macron. Protesters threw smoke bombs and other objects at officers, and started pounding on the windows of a police van. Riot police then retreated, as did a water cannon, with […]
FLASH: UK Parliament voted Thursday to seek a delay of the country’s departure from the European Union, a move that will likely avert a chaotic withdrawal on the scheduled exit date of March 29. With Brexit due in 15 days and no divorce deal yet approved, the House of Commons voted 412-202 to ask the […]
FLASH: President Trump says his administration “looks forward to negotiating a large scale Trade Deal with the United Kingdom” as the country continues to try to hash out its departure from the European Union. Thursday, President Trump said that he is “surprised at how badly” negotiations have gone between the United Kingdom and the European […]
Wednesday, UK lawmakers rejected leaving the EU without a deal, paving the way for a vote to delay BREXIT to seek a way out of Britain’s worst political crisis in generations. Lawmakers voted by 312 to 308 in favor of a cross-party motion that ruled out a potentially disorderly ‘no-deal’ BREXIT under any circumstances. After […]
The United Arab Emirates has slammed a European Union decision to add it to a tax haven blacklist despite the Gulf state’s efforts to meet EU requirements. The EU on Tuesday added 10 countries to the list, created in 2017 as part of efforts to battle tax evasion by the wealthy. The UAE was among […]
Brexit news provided the impetus for a bumpy ride for the European Indices and Sterling yesterday. A positive stance after news of concessions from the EU was quickly replaced by uncertainty and a swift move lower as legal opinion indicated that we were no nearer a path through the forest to a successful Brexit. In […]
UPDATE: Britain’s Parliament strongly rejects Prime Minister’s BREXIT deal in major blow to EU divorce plan. Parliament Parliament to Vote between No-deal BREXIT and Delaying Departure from EU Thursday. UK PM Theresa May worked to win last-minute changes from the European Union to her BREXIT deal Monday, a day before a Key vote in Britain’s […]
FLASH: The Chairman of Britain’s Conservative Party is urging Parliament to back an unpopular withdrawal agreement as UK and EU officials seek a breakthrough on the BREXIT impasse Saturday, Brandon Lewis warned recalcitrant lawmakers, including many in his own party, that if the government’s withdrawal plan is voted down Tuesday it is possible Britain will […]
FLASH: The French do not want financial globalization, will not back down, as 15-M French are living in misery Protesters from France’s yellow vest movement marched Saturday for a 17th weekend running in Paris and other cities to maintain pressure on the government to reverse policies they see as favoring the rich. A water cannon […]
FLASH: President Trump’s top economic adviser offered sharp criticism of the European Central Bank’s (ECB) revival of stimulus measures to spur the EU’s economy. National Economic Council Director Larry Kudlow said that a ECB decision Thursday to extend a new round of cheap loans to the banking system wouldn’t be enough to fix the continent’s […]
Leaders of three tiny British islands gathered in London on Monday to try to head off proposed legislation aimed at increasing transparency and ending secret company ownership in their jurisdictions. Britain has been gradually ramping up its fight against money laundering and various tax avoidance and evasion schemes. But it has less say in the […]
French ‘yellow vests’ are protesting for a 16th weekend running in Paris and other cities to show they are still mobilized against the Macron government’s economic policies they see as favoring the rich. In Paris, protesters gathered Saturday at the Arc de Triomphe monument as a march was planned through the well-off western neighborhoods of […]
Tuesday, French President Emmanuel Macron, 41 anni, said he is “rather favorable” towards easing the tax burden following a national debate in wake of the anti-government Yellow Vest protests. The French President launched a series of debates across the country, aimed at reconnecting with voters after waves of protests erupted in mid-November over fuel taxes […]
UK PM Theresa May pushed back the deadline for Parliament to vote on her BREXIT deal, in a gambit she hopes will buy more time for negotiations but which risks inflaming the revolt against her. The British PM confirmed she will not bring a new deal back to the House of Commons for a final […]
French yellow vest protest organizers are trying to tamp down violence and anti-Semitism in the movement’s ranks as they launch a 15th straight weekend of demonstrations. Hundreds of people gathered Saturday at the Arc de Triomphe monument for a march through prime Paris neighborhoods to protest President Macron’s government policies they see as favoring the […]
FLASH: French police fired tear gas to disperse protesters who threw projectiles and set bins on fire in Paris, Lyon and Bordeaux on Saturday, as the 14th straight weekend of “yellow vest” protests took a violent turn Saturday afternoon. The failed socialist EU experiment under siege French far-right leader Marine Le Pen feels she is […]
London is taking its turn in the style spotlight with the opening of London Fashion Week, an extravaganza that will feature up-and-coming young designers along with big names like Victoria Beckham, Vivienne Westwood and Burberry. More than 100 catwalk shows are scheduled along with countless crowded, parties and dozens of presentations. The London-based Turkish designer […]
The Latest on BREXIT British Prime Minister Theresa May has suffered an embarrassing Parliamentary defeat on BREXIT, as lawmakers remain resistant to her EU exit plan. The House of Commons voted 303 to 258 Thursday against a motion reiterating support for Mrs. May’s approach to BREXIT support expressed by lawmakers in votes just 2 weeks […]
UK PM Theresa May is seeking more time to renegotiate her BREXIT deal as Parliament threatens to take control over the process to stop the UK opting out of the EU with no agreement in place. The PM wrote a conciliatory letter to opposition Labour Leader Jeremy Corbyn, after he proposed setting her a new […]
A French yellow vest protester’s hand was ripped apart Saturday during violent clashes in Paris as demonstrators tried to storm the French National Assembly in a 13th week runnning of unrest. Police said the injured protester lost 4 fingers as police swooped in to stop protesters from breaching the parliament’s exterior. Police could not confirm […]
French President Emmanuel Macron, 40 anni, appears to be clawing back support as he works to quell the yellow vest protest movement with a national political debate. Recent polls by Ifop, BVA and Harris Interactive institutes show Macron’s approval ratings rising – from 23 to 31% in December to 31 to 35% now. But President […]
Several thousand supporters of an exiled Iranian opposition group marched through Paris Friday, calling for an end to Iran’s clerical regime 40 years after the Islamic revolution toppled Iran’s monarchy. The Mujahedeen-e-Khalq, widely referred to in the West as the MEK, were joined at the rally by an array of speakers before the march, from […]
UK Prime Minister Theresa May is preparing to delay the 2nd Parliament vote on her BREXIT deal until the end of February, it was reported late Wednesday. The PM’s whip, indicated at a cabinet meeting Tuesday that the vote would not be held next week as expected because Mrs. May will not have renegotiated her […]
British officials have revived Cold War emergency plans to relocate the royal family should there be riots in London if Britain suffers a disruptive departure from the EU next month. “These emergency evacuation plans have been in existence since the Cold War, but have now been re-purposed in the event of civil disorder following a […]
Our target for the Euro over the next 2 years is parity to the USD. The EU have failed to recognize 1 simple fact, socialism does not work, and the people look set to pay a heavy price for the ignorance of their politicians. Germany will be left with the added burden of Merkel’s influx […]
The Trump Administration is closely monitoring efforts in Europe to set up an alternative money payment channel to ease doing business with Iran and avoid running afoul of sanctions the US has levied on the Islamic republic. The White House has put the Europeans on notice, saying that if they try to do an end-run […]
In less than 9 weeks the UK is due by law to leave the EU, there is no agreement yet in London on how and even whether to leave single currency bloc. Parliament rejected PM Theresa May’s Withdrawal Agreement, which includes a nearly 2-year transition period to help minimize economic disruption, earlier this month. That […]
The rise of populism is leading to Europe “coming apart before our eyes,” a group of 30 historians and Nobel laureates from 21 countries conclude in a co-signed letter Sunday. “We must now will Europe or perish beneath the waves of populism,” the letter reads, per the report. “We must rediscover political voluntarism or accept that resentment, […]
Thousands of demonstrators will take to the streets across France this weekend in protest at French President Emmanuel Macron’s policies. More than 2 months after starting their revolt over fuel tax increases, ‘yellow vest‘ protesters remain mobilized and have called for an 11th weekend running of protests. About 100,000 people protested last weekend, around the […]
$GBP, $EUR, $GS Queen Elizabeth, 92 anni, has sent a message to Britain’s factious political class over BREXIT, urging lawmakers to seek common ground and grasp the big picture to resolve the crisis. With the clock ticking down to 29 March, the date set in law for Britain to leave the EU, the United Kingdom […]
German business confidence fell to a nearly three-year low in January, a closely-watched survey said Friday, in the latest sign of waning momentum in Europe’s top economy. The Munich-based Ifo institute’s monthly barometer slipped to 99.1 points from 101.0 in December, to hit its lowest level since February 2016. The decline was worse than analysts […]
Ministers from 75 countries — including the US and China — agreed Friday to launch talks towards establishing global rules on e-commerce at the WTO in a rare victory for international cooperation. The talks were announced by the EU’s top trade official, Cecilia Malmstrom, on the sidelines of the World Economic Forum in Davos where […]
The European Central Bank will “probably” downgrade its growth forecasts soon, a senior official said Friday, a day after the Frankfurt institution warned that economic risks to the euro area had worsened. “The near-term growth will probably be reduced in our forecast published in March,” Bank of France governor Francois Villeroy de Galhau told Bloomberg […]
British finance minister Philip Hammond said Friday he believed the EU might compromise over a Brexit deal in a way that would persuade lawmakers in London to support it. “I don’t think the European Union is going to change its fundamental position around the backstop”, a controversial provision in the deal relating to Ireland, Hammond […]
European Central Bank chief Mario Draghi on Thursday warned that risks to the eurozone economy were now tilted “to the downside”, acknowledging for the first time that waning global momentum was weighing on the region’s outlook. But he stressed the ECB had “not run out of” tools to tackle worsening headwinds, suggesting the bank was […]
Italian Prime Minister Giuseppe Conte says the Italian people are questioning the validity and credibility of the European project without regarding its historical merits. “Our experience might be an indication of what Europe will look like tomorrow,” he says. “A sense of despair is spreading. Even the middle class is facing poverty. Everyone feels that […]
UK PM Theresa May unveiled her BREXIT Plan Monday, and it looks a lot like Plan A. Mr.s May launched a mission to resuscitate her rejected EU divorce deal, setting out plans to get it approved by Parliament after securing changes from the EU to a contentious Irish border measure. Mrs. May’s opponents expressed incredulity. […]
The Latest on Britain’s exit from the EU Austrian Chancellor Sebastian Kurz is suggesting it may be possible to give Britain more time to leave the European Union if it comes up with a good strategy, saying a no-deal BREXIT would be bad for everyone. Chancellor Kurz is quoted by Germany’s Welt am Sonntag newspaper […]
Saturday, fighting broke out, as around 7,000 “yellow vest” demonstrators marched through Paris in a 10th weekend running of protests against President Emmanuel Macron’s government. The demonstrations were largely peaceful but Reuters Television reporters said they saw clashes break out late in the afternoon between police and demonstrators, some wearing masks, in Paris’ Invalides district. […]
Germany’s economic performance in Y 2018 was its weakest in 5 years, it was reported Tuesday. The German economy grew 1.5% last year, a sharp decliner from the 2.2% expansion in Y 2017, and the slowest annual rate since the European debt crisis in Y 2013. Experts say the slowdown was due to a number of […]
$GBP, $USD Wednesday, British Prime Minister Theresa May’s government survived a no-confidence vote, a day after her BREXIT deal was overwhelmingly rejected by lawmakers. The House of Commons expressed confidence in the government by 325 votes to 306, meaning Mrs. May can remain in office. There was no effect on US financial markets. Tuesday, UK […]
Hundreds of protesters inspired by France’s ‘Yellow Vest’ movement are rallying in Britain, drawing attention to government austerity programs that have hit the poor hard. Wearing yellow vests with slogans such as “Britain is Broken” written on the back, the demonstrators marched in London to demand that politicians pay attention to their plight rather than […]
DAX PERFORMANCE-INDEX (.GDAXI) shares overcome losses European shares also overcome losses from a day earlier, with Germany’s DAX gaining 3.4 percent and France’s CAC 40 rising 2.7 percent. Britain’s FTSE 100 advanced 2.2 percent. In Asia, Hong Kong’s Hang Seng jumped 2.2 percent. South Korea’s Kospi added 0.8 percent. Japan’s Nikkei 225 index fell 2.3 […]
British Prime Minister Theresa May might again push back a final vote in parliament on her BREXIT deal, less than 3 months before the country is due to leave the EU on 29 March. The Sunday Telegraph said PM May’s aides were believed to be drawing up a plan to make approval of the deal […]
Hundreds of protesters are breathing new life into France’s apparently waning ‘yellow vest’ movement with marches in Paris and gatherings in other cities, in the 1st demonstration of the new year. Authorities warn that they will not tolerate illegal acts. French security forces fired tear gas and flash-balls after a march through central Paris went […]
The vast majority of French voters are unhappy with the way President Emmanuel Macron, 40 anni, and his government are running the country, and are keen to see more measures to boost household incomes, a poll showed Thursday. A wave of “Yellow Vest” street protests in the past 2 months have rocked Mr. Macron’s Presidency, […]
Now the chances of the UK leaving the EU are “50-50’’ if Parliament rejects Prime Minister Theresa May’s withdrawal agreement in January, International Trade Secretary Liam Fox said in an interview Sunday. “If we were not to vote for that, I’m not sure I would give it much more than 50-50,” the veteran campaigner for […]
Egypt continues to be targeted by Muslim terrorist attacks launched by a local affiliate of Islamic State (IS, formerly ISIL/ISIS). In November, the extremists attacked a bus taking Coptic Christians to a local monastery and killed seven people. In September, Egyptian police detained a man who’d attempted to detonate an explosive device outside the US […]
Swedish state broadcaster SVT has come under fire for what was an obvious effort to downplay the horrendous details of the murders of two Scandinavian backpackers in Morocco last week. Louisa Vesterager Jespersen, 24, from Denmark, and Maren Ueland, 28, from Norway were killed while backpacking in Morocco’s High Atlas mountains. While both girls were […]
Thousands of protesters took to the streets of French cities Saturday in the 5th weekend of nationwide demonstrations against Emmanuel Macron’s government, despite calls to hold off after a shooting in Strasbourg earlier this week. In Paris, police were out in force to contain possible outbursts of violence. But several major stores, such as the […]
A survey of French businesses on Friday indicated a major dip in activity linked to the month-long “yellow vest” protests ahead of a decisive weekend for the grassroots opposition movement and President Emmanuel Macron. The survey of businesses by the IHS Market research group indicated that output had contracted in December, underlining the economic impact […]
EU leaders rebuffed a plea by Theresa May on Thursday to help her sell her Brexit deal to parliament, warning she must set out exactly what she wants — and announcing they would step up contingency plans in case the deal collapses. The British prime minister came to a Brussels summit a day after seeing […]
Asian markets fell on Friday, putting the region on course to end a broadly positive week on a sour note, as traders took a step back and their profits off the table. There was also some unease after the head of the European Central Bank raised concerns about the growth outlook for the eurozone owing […]
Apart from excessive taxation, senseless levels of immigration and an undercurrent of Socialism, Europeans have more reasons to be concerned. A chapter of eurozone history will come to a close Thursday, with the European Central Bank widely expected to withdraw a key element of support for the economy while reassuring observers fearful of the growing […]
Update: UK Prime Minister May Wins Confidence Vote UK FTSE 100 (.FTSE) Conservative MPs will cast their votes on whether to save Prime Minister Theresa May Between 6pm and 8pm this evening, Conservative MPs will cast their votes on whether to save Prime Minister Theresa May in today’s no confidence vote. The FTSE 100 stock […]
At least three people have been killed and 12 others injured in a shooting incident in the northeastern French city of Strasbourg, close to one of the oldest and biggest Christmas markets in Europe. The suspect had engaged police in a shootout before fleeing the scene and is still on the run. According to some […]
The European Commission on Tuesday said Brussels will keep close watch over France’s new spending plans, a day after President Emmanuel Macron unveiled new measures to quell violent protests. But the Commission, the European Union’s executiuve arm, said it will give itself until the spring to analyse the French budget as concerns increase it may […]
German police had to call in reinforcement, deploying scores of officers to quell mayhem in a reception center in country’s south, where a group of migrants faced off with security personnel. A row between migrants in one of the reception centers escalated into open violence early Tuesday as people living in the shelter attacked local […]
Policymakers at the European Central Bank will remove a key pillar of their support for the eurozone economy as planned Thursday, even while offering a gloomier outlook for the coming years, analysts expect. But with financial markets in turmoil over risks in Europe and beyond — from Brexit to an Italian budget row and Donald […]
The UK is free to unilaterally revoke a notification to depart from the EU, the European Court has ruled. The judicial body said this could be done without changing the terms of London’s membership in the bloc. The European Court of Justice (ECJ) opined in a document issued on Monday that Britain can reverse Article […]
Shops shuttered in the run-up to Christmas, chaos on the roads: France’s “yellow vest” protests are dealing a blow to the economy which the finance minister says is no less than a “catastrophe”. As riots flared in Paris on Saturday, Livio Forte, a tourist from New York, could only watch on as police trucks lined […]
Paris cleaning up after weekend riots and over 1000 arrests Sunday. Workers in Paris swept broken glass and towed away burnt-out cars Sunday after the latest violent “Yellow Vest” protest. The government announced that President Emmanuel Macron, 40 anni, would address the nation sometime this week, he is now under a lot of pressure. “You […]
A diplomatic standoff over 1 word could set the stage for a bigger showdown during this year’s UN’s Climate Summit. $OIL, $USO, $UNG Negotiators paused Sunday after the 1st week of talks ended on a sour note when the US sided with Russia, Saudi Arabia and Kuwait in blocking endorsement of a landmark study on […]
The Protests Grow: ‘Yellow Vest’ Rally in Belgium, Netherlands Hundreds of Yellow Vest protesters calling for the resignation of Belgian Prime Minister Charles Michel marched on the European Quarter of Brussels Saturday, as the movement that started in France made its mark in Belgium and the Netherlands. Police used pepper spray and scuffled with a […]
Paris is Under Siege, French ‘Fed Up’ with Macron Early Saturday morning the Champs-Elysees Saturday, Paris’ most famous boulevard reeked of tear gas. Clouds of the gas hung in the air, burning throats but not silencing the angry, rebellious crowds. Noses dripping, eyes red and watering, demonstrators in their “look at me!” high-visibility fluorescent yellow jackets […]
Macron No Where to be Seen as Violent Protests Loom in France The Big Q: When will he resign? As anti-government protests rage through France and Paris locks down, fearing new riots, the man whose presidency has unleashed the anger is nowhere to be seen. French President Emmanuel Macron, 40 anni, has stayed out of […]
France Prepares for “Ultra-Violent” Protests This Weekend France is mobilizing tens of thousands of police officers and closing landmarks including the Eiffel Tower and the Louvre as authorities warned that anti-government protests Saturday could be even more violent than the ones that have crippled the country for weeks. “According to the information we have, some […]
‘Yellow Vests’ Warn Macron of Greater Violence in Paris French authorities see another wave of “great violence” and rioting being unleashed in Paris this weekend by a hard core of ‘Yellow Vest’ protesters, as senior ministers sought to defuse public anger with conciliatory languages on taxes. President Emmanuel Macron. 40 anni, has struggled to quell […]
The French Are Protesting Economic Disparity French President Emmanuel Macron has vowed to cut taxes and boost France’s growth, now 1.5 yrs after he came into power, he is facing violent protests over rising taxes, a high cost of living and policies some say favor the rich. A country’s economic indicators don’t always match the […]
French Student Unrest Gathers Momentum French student protests intensified Tuesday, with various incidents around the country of demonstrators setting buildings on fire, and of violent clashes with police. Over the course of this week, students have gradually started to get involved in the so-called “yellow vests” protests against President Emmanuel Macron, 40 anni. Local authorities […]
The UK has the power to unilaterally stop the Brexit process, the EU’s top legal advisers have said, contradicting statements from London that Article 50 could only be stopped with agreement of all 27 EU member states. The Advocate General, in a report prepared for the European Court in Strasbourg, stated that the UK could […]
EU finance ministers struggled to agree reforms to better fight against a financial crisis early Tuesday, with negotiators still at the table after more than 12 hours of talks. “There are a lot of subjects and all of them are difficult,” a European source told AFP on condition of anonymity, adding that a final news […]
Swiss Government is Putting Special Focus on Blockchain First Infrachain conference focused on the public sector and infrastructure 250 participants attended Infrachain 18, the first blockchain conference focused on the public sector and infrastructure. Federal Councillor Ueli Maurer welcomed the conference attendees at Stade de Suisse in Bern, stating that: “Switzerland has a great hand […]
A New French Revolution Against Socialism President Emmanuel Macron was elected on a promise to burnish France’s image on the global stage, but as shops and hotels counted the costs Monday of rioting over the weekend, many fear they won’t have much to cheer for Christmas. Violent anti-government protests on Saturday engulfed chic Paris shopping […]
As Paris Burns, Macron Seeks Way Out of Deep Chaos in the ‘Greening’ of France Should President Macron’s support in Parliament collapse, he will resign, the people already hold in in very low regard. Sunday, French President Emmanuel Macron, 40 anni, ordered his PM to hold talks with political leaders and demonstrators, as he seeks […]
Macron’s Government Staggering, as Riots Engulf Paris State of insurrection as fuel tax riots engulf central Paris Rioters ran wild across central Paris Saturday, torching cars and buildings, looting shops, smashing windows and clashing with police in the worst unrest in more than 10 years, posing a dire challenge to Emmanuel Macron’s flagging Presidency. The […]
Theresa May, “I will be the PM to take Britain out of EU” Saturday, Theresa May said she would be the Prime Pinister to take Britain out of the European Union and that Parliament should back her BREXIT deal to ensure certainty for the future. Ms. May inked a deal with EU leaders last Sunday […]
Presidents Donald Trump and Xi Jinping Agree to Trade Truce + Removal of Tariffs US President Donald Trump and Chinese President Xi Jinping agree to a trade truce in their dinner meeting Saturday Deal includes no trade tariffs after 1 January 2019 US President Donald Trump and Chinese President Xi Jinping, reached a trade war […]
President Trump is Open to China Trade Deal Despite Impending Tariffs President Donald Trump is open to reaching a deal on US-China trade disputes over dinner on Saturday with Chinese leader Xi Jinping in Argentina. However, President Trump is ready to hike tariffs on Chinese imports if there is no breakthrough As of Tuesday we […]
President Trump, “BREXIT deal could mean UK cannot trade with US” BREXIT agreement could jeopardize the UK’s ability to trade with the US The country on course to crash out of the bloc with No agreement in place. The agreement blessed by the EU Sunday is a great deal for the EU The EU has frequently […]
EU Leaders Seal BREXIT Deal, Call on Britons to Back PM May Sunday, EU leaders warned the British parliament not to wreck Prime Minister Theresa May’s BREXIT deal, saying a package agreed is the best Britain will get. “Those who think that, by rejecting the deal, they would get a better deal, will be disappointed,” […]
BREXIT Progress: UK Gives Consent to Spain over Gibraltar, Deal Done Spain’s junior minister for the European Union says British authorities have consented to Spanish demands granting Madrid prior approval on matters relating to Gibraltar. Luis Marco Aguiriano says “we have a promise, a commitment, from the British government saying they are ready to … […]
The Key Points of the Draft BREXIT Deal The UK and the EU have agreed to the final bit of their BREXIT deal, setting out a vision for close economic ties in a draft that hands Prime Minister Theresa May some Key political wins. EU Council President Donald Tusk said the draft had been agreed […]
Bank of England’s BREXIT Analysis Due Next Week The Bank of England will publish its economic analysis of Prime Minister Theresa May’s BREXIT deal next week as well as an assessment of what would happen if Britain crashes out of the EU with No deal. The assessments will be sent to lawmakers on the Treasury […]
British Cabinet Backs PM May’s BREXIT Plan British Prime Minister Theresa May said on Wednesday that cabinet had backed her BREXIT plan, adding it was in the national interest but that there would be difficult days ahead. “The collective decision of cabinet was that the government should agree the draft withdrawal agreement and the outline […]
Europe Needs Diversity from Russian Energy Supplies $UNG Europe needs to diversify its energy supplies to cut its dependency on Russia, US Energy Secretary Rick Perry said Tuesday. Secretary Perry, on a visit to Hungary, said that Russia needs to be prevented from using “energy as a coercive weapon,” like when it sometimes temporarily cuts […]
Prime Minister Theresa May on Tuesday faced her divided ministers as negotiators scrambled to secure a divorce agreement with the European Union and anxiety mounted over the risk of a no-deal Brexit. May said Monday her government was working “extremely hard” to save a deal, telling officials of London’s financial district that negotiations “are now […]
Italy’s populist government was set Tuesday to defy the European Commission, preferring to risk financial sanctions than revise its big-spending budget. The coalition had been given time to change its 2019 plans but insists an anti-austerity approach will help kickstart growth in the eurozone’s third largest economy, and consequently reduce the public debt and deficit. […]
EuroCrisis Deepens Growth in the eurozone slowed significantly in the third quarter, official data showed on Tuesday, as Italy’s economic troubles weighed and car production in Germany was disrupted. Gross domestic product in the 19-country single currency area rose just 0.2 percent from July to September, the Eurostat agency said, compared with 0.4 percent in […]
The Eurosceptic Alternative for Germany (AfD) party has gained seats in Hesse and now holds parliamentary seats in every single German state, according to exit polls. Meanwhile, Merkel’s CDU has seen party support plummet. German Chancellor Angela Merkel’s Christian Democratic Union (CDU) suffered an electoral shock, winning only 28 percent. The results were quite a […]
Ratings agency S & P has downgraded its outlook for Italy’s sovereign debt but left its credit rating untouched, upping the pressure on Rome amid a stand-off with Brussels over its budget. Friday’s announcement, which warned Rome’s fiscal policy was jeopardising banks’ ability to fund the Italian economy, followed last week’s decision by Moody’s to […]
Brexit Latest Update Exhausted diplomats in Brussels have taken to calling this stage of the Brexit negotiations “The Tunnel”. British and EU officials are negotiating day and night to get to the outline of a Brexit deal by Wednesday. They need to resolve the final sticking points, notably on customs checks for Northern Ireland, before […]
Poland Calls Migration a Threat to Europe + The Latest on Europe’s migration crisis Migrants have been arriving in northwestern Bosnia to try to cross to Croatia then to Western Europe. Poland’s Interior Minister says other European countries are coming around to his nation’s view that Europe’s capacity to absorb new migrants is limited. Joachim […]
BREXIT Deal Getting Closer A European Union (EU) chief says the chances of Britain and the bloc striking a BREXT deal are rising, amid reports the two sides are moving closer on the fraught issue of the Irish border. European Commission President Jean-Claude Juncker told Austrian newspapers in comments published Saturday that “the rapprochement potential […]
President Trump Created a New US Trade Model The Trump Administration is pushing for trade talks with other nations and plans to use its new USMCA trade agreement with Canada and Mexico as the model for the future negotiations with its partners. This President is looking to redefine the rules on issues ranging from foreign […]
Campaigners for a second referendum on Brexit are braving scepticism and even hostility as they hit Britain’s streets as part of a growing movement to get Britons to change their mind. More and more politicians are calling for another vote and recent polls show some 40 percent of the population support it but reactions are […]
Italy Doomed as it Caves to EU Pressure Italy’s government will bow to pressure from Brussels and reduce its budget deficit targets for 2020 and 2021 in a bid to reassure skittish markets, two Italian dailies reported Wednesday. After declaring last week it was setting the public deficit at around 2.4 percent of gross domestic […]
