Tomorrow’s vote will depend on whether May has the numbers backing the deal. On Monday, Britain’s Foreign Minister Jeremy Hun stated, the Britain’s government will only hold another meaningful vote on Prime Minister Theresa May’s Brexit deal on Tuesday provided… Read More ›
European Union
EU updates blacklist of tax heavens, adds 10 jurisdictions
The United Arab Emirates, Oman, Aruba, Belize, Barbados, Fiji, Bermuda, Vanuatu, Marshall Islands, and Dominica have now been added to the list. In a significant development, the European Union has broadened its blacklist of tax havens and has added ten… Read More ›
British lawmakers throw Britain in Chaos
Investors and analysts expect British lawmakers to firmly reject a no-deal Brexit; this opens up the possibility of a second referendum, a delayed Brexit or even a snap election. British lawmakers struck yet another blow to Prime Minister Theresa May’s… Read More ›
Brexit can be reversed: Jeremy Hunt
In the event May’s deal is voted down on Tuesday, as is very likely, parliament will vote on Wednesday whether it should leave without a deal; if that measure is also voted down, parliament will then take up the issue… Read More ›
Theresa May hopes to win Brexiters with 1.6 billion pound ‘Stronger Towns Fund’
To a great extent, the fund will be used in areas north of England which have not had a fair share of the country’s prosperity. May is scheduled to present a revised deal in parliament on March 12. On Monday,… Read More ›
Delayed Brexit adds to uncertainty: Aston Martin’s CEO
British lawmakers will be taking a vote on delaying Brexit on March 14 – just two weeks ahead of its scheduled departure. Following British Prime Minister Theresa May promise to lawmakers that she would provide them an opportunity to extend… Read More ›
EU tightens investment rules for financial firms for the Eurozone
These rules once passed by the EU Council and the EU Parliament, will provide the European Commission with the means to assess firms which operate like banks and impose and subject them to a stricter regulations. This has implications for… Read More ›
Brexit will most probably get delayed: Jose Barroso non-executive chairman at Goldman Sachs
Given the lack of clarity and the chaos surrounding Brexit, the likelihood that Britain will ask for an extension and EU’s acceptance of it, is high opined Jose Barroso non-executive chairman at Goldman Sachs who was also a former president… Read More ›
Brazil seeks $203.6 million in compensation for from EU for imposing tariffs on Brazilian steel
In the event the EU does not pay up, Brazil is likely to impose additional tariffs on hike up existing ones, including the one on powdered milk. Following the imposition of import tariffs by the European Union on Brazil, the… Read More ›
Businesses testing their Brexit-preparations ahead of Brexit: KPMG
With just 40 days to go before Brexit, businesses are making sure they have sufficient cash reserves and inventories in case of a cliff-hanger Brexit. With just 40 days to go before the scheduled kickoff of the United Kingdom from… Read More ›