The Cabinet of Ministers of Great Britain came to a collective agreement on Brexit. This was announced by British Prime Minister Teresa May after a 12-hour government meeting. According to the BBC, the ministers approved a plan that envisages the creation of a free trade zone with the EU for industrial and agricultural goods on general rules, and also supported the idea of the creation of a “joint customs territory”. Theresa May in an interview with the British Air Force said: “This proposal, I believe, is suitable for both the UK and the EU. And I expect that it will be accepted well”. The EU representative Michel Barnier said that he was looking forward to an official document.
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
Britain’s retail industry encouraged UK and EU negotiators to arrive at a post-Brexit trade deal. This came after the retail industry stated that consumers will endure higher prices from next year if a tariff-free trade is not guaranteed. Thousands ...
On Wednesday, Ryanair's (RYA.I) Chief Executive Officer Michael Kevin O'Leary announced that around 3,500 jobs would be slashed at the airline unless it could agree on a series of pay cuts with staff. The warning came after the company resumed ...
A post-Brexit trade agreement is now brewing between the former European bloc member Britain and Asia’s second-largest economy Japan in which both sides hope to come up with a free trade deal by the end of this year. After launching ...
New cars sales in the United Kingdom fell by nearly 97% in April to the lowest since February 1946. The slump comes as factories and dealerships close down amid the COVID-19 outbreak, preliminary data from an industry body showed. The lockdown ...