On Wednesday, during an interview with Sky News television, British Housing minister Robert Jenrick stated he hoped trucks would begin rolling into France following Paris lifting its ban on freight coming from Britain following the outbreak of a new strain… Read More ›
Britain
Norway announces travel restrictions on Britain following discovery of COVID-19 strain
In a statement on Monday, Norway’s health minister said, Flights from Britain to Norway will be suspended with immediate effect for a minimum of 48 following the discovery of a new strain of the coronavirus. On Saturday, British Prime Minister… Read More ›
Britain’s JD Sports acquires U.S. based Shoe Palace for $325 million
On Tuesday, British sportswear retailer JD Sports said, it had acquired shoe retailer Shoe Palace for $325 million. The acquisition of Britain’s biggest sportswear retailer marks of U.S.-based Shoe Palace marks its intention of expanding its footprint in the U.S. market…. Read More ›
BoE does not foresee Brexit related market disruptions threatening UK’s financial stability
On Friday, Britain’s central bank, the Bank of England, took steps to keep inter-bank lending rates steady through 2021 as Britain negotiates its trade relationship with the European Union. In a statement, Bank of England Governor Andrew Bailey said, Britain… Read More ›
Rolls Royce roiled by coronavirus, as pandemic disrupts engine flying hours
With the coronavirus-induced COVID-19 pandemic bring the global travel to a stop, British engineering company Rolls-Royce downgraded its yearly cash outflow forecast underscoring the challenges it faces in its financial outlook even as the air travel continues to be disrupted… Read More ›
Britain signs FTA with Singapore
In a significant development, on Thursday, Britain has signed a free trade agreement with Singapore as it prepares its transition out of the European Union on December 31, 2020. The deal was signed by Britain’s secretary of state of international… Read More ›
Clauses in UK’s Internal Market Bill breaks international law, only negotiating tactics: Irish Foreign Minister Simon Coveney
Irish Foreign Minister Simon Coveney stated, Britain’s plan to table a legislation aimed at breaking an earlier Brexit impasse is a “negotiating tactic” and EU negotiators should recognize it as that and not get distracted. Britain’s upper house of parliament… Read More ›
Britain positioned reasonably well in Brexit talks: Foreign Minister Dominic Raab
On Sunday, British foreign minister Dominic Raab stated Britain’s negotiations with the European Union over Brexit are positioned reasonably well, with some progress made on competition issues; however significant differences continue remain on fishing. “I do think we’re in a… Read More ›
COVID-19 casting a shadow on Britain’s urgent need for FTA with EU: Rishi Sunak
During an interview to the BBC’s Andrew Marr, British Finance Minister Rishi Sunak said, the UK wants to strike a free-trade agreement with the European Union; but in near-term perspective, the concern is overshadowed by the COVID-19 pandemic. When asked… Read More ›
Rishi Sunak to unveil record spending for fighting pandemic induced economic blues
In a development that highlights the challenges facing Britain, the country’s finance minister Rishi Sunak has borrowed a record $285 billion (215 billion pounds) in the first seven months of this financial year as he prepares his war chest to… Read More ›