Topic filter : Negotiation

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....The currency rallied on Wednesday when the Bank’s chief economist, Andy Haldane, usually a nailed-on supporter of low rates, said the time was nearing when he might vote for a rise. Despite agreeing with Carney that the UK economy was entering choppy waters during the Brexit negotiations, he warned that without higher interest rates the Bank would be impotent when the next crash came along. ... [Read full article on Guardian ]
Sunday 25th of June 2017 06:00:22 AM
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....But the big farm and landowner-lobby groups are quietly pleased that Gove’s resurrection has at least given them a high-profile secretary of state with sufficient intellect and clout to demand his own seat at the Brexit talks. Whether Gove can force the future of our food and farming to prominence in negotiations – or reduces it to a bargaining chip to be thrown away for other gains – will depend on his approach. ... [Read full article on Guardian ]
Monday 26th of June 2017 06:00:02 AM
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....Jonathan Coad, the lawyer at Keystone Law representing Edmonds, sets out three basic characteristics of a decent compensation scheme, which he says are not present in the Lloyds scheme. They are: the payment of professional fees built up by the claimants; ensuring that customer information provided by Lloyds to the independent reviewer is transparent; and using a “cards on the table” approach to negotiations that allows customers to see the information Lloyds holds about them. ... [Read full article on Guardian ]
Monday 26th of June 2017 05:07:52 PM
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....”. There is a worry, however, that getting on will prove more difficult as Brexit negotiations finally get under way – a year on from a referendum in which O’Grady made the case for staying in the EU to protect workers’ rights. ... [Read full article on Guardian ]
Saturday 24th of June 2017 03:00:03 PM
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....The Brexit vote appeared to scupper the idea that the Bank of England would soon increase borrowing costs, with market expectations of a rate rise by 2018 plunging from 86% on the day of the referendum to 20% now. As Brexit negotiations finally got under way this week, the TUC said that 12 months after the referendum the government had failed to come up with a plan to make Brexit a success for working people. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:08 PM
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.... Just under a year before that Green had sold the business for £1 to a former bankrupt with no experience of retail. It took months of negotiations and the threat of legal action by the regulator before Green agreed a voluntary settlement on funding the pension scheme. ... [Read full article on Guardian ]
Tuesday 27th of June 2017 06:20:27 PM
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....But the post-2020 years will be dominated by sales of electric cars, and for that Brexit poses too many risks. The rhetoric from the car industry has become more strident as the opening of negotiations has neared and last year’s vague promises from business secretary Greg Clark of help and support have faded from memory. ... [Read full article on Guardian ]
Saturday 24th of June 2017 04:05:04 PM
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....25% and the government signalled a relaxation of its plans for further cuts to public spending. Since last August, when confidence surveys recovered some lost ground, the index, which was carried out for the economic consultancy CEBR, has tracked lower, largely in response to uncertainty surrounding Brexit negotiations. ... [Read full article on Guardian ]
Monday 26th of June 2017 11:05:13 PM
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.... To put up a decent show in the general election in June, Corbyn needed to hold together a coalition of leave voters in the north and Midlands with remain voters in London and the other big cities. So the line was that Labour accepted the result of the referendum but would seek to secure access to the single market in any negotiations. ... [Read full article on Guardian ]
Sunday 25th of June 2017 01:05:57 PM
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....Even though investment in commercial property sank to its lowest levels in four years in the aftermath of the referendum, the Crown Estate said it was pushing ahead with a £100m development of Duke’s Court, a mixed retail and office block in St James’s, because it believed in “the fundamentals of London’s West End”. Six months and an election later, and with the Brexit negotiations having just started, what will the view of the Crown Estate be now? On Monday, chief executive Alison Nimmo will reveal the annual results for the estate, which owns London’s Regent Street and the entire UK seabed, among many other holdings. ... [Read full article on Guardian ]
Sunday 25th of June 2017 06:00:22 AM
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Latest Finance News related to Negotiation

Green's 'main purpose' in BHS sale was to avoid pension liability, says watchdog image
.... Just under a year before that Green had sold the business for £1 to a former bankrupt with no experience of retail. It took months of negotiations and the threat of legal action by the regulator before Green agreed a voluntary settlement on funding the pension scheme. ...
Consumer confidence collapsed after general election, YouGov finds image
Source : Guardian [Read Article] Monday 26th of June 2017 11:05:13 PM
....25% and the government signalled a relaxation of its plans for further cuts to public spending. Since last August, when confidence surveys recovered some lost ground, the index, which was carried out for the economic consultancy CEBR, has tracked lower, largely in response to uncertainty surrounding Brexit negotiations. ...
HBOS fraud victims go unpaid as Lloyds battles Noel Edmonds image
Source : Guardian [Read Article] Monday 26th of June 2017 05:07:52 PM
....Jonathan Coad, the lawyer at Keystone Law representing Edmonds, sets out three basic characteristics of a decent compensation scheme, which he says are not present in the Lloyds scheme. They are: the payment of professional fees built up by the claimants; ensuring that customer information provided by Lloyds to the independent reviewer is transparent; and using a “cards on the table” approach to negotiations that allows customers to see the information Lloyds holds about them. ...
Brexit could destroy the UK's food and farming industry – or be the making of it | Felicity Lawrence image
....But the big farm and landowner-lobby groups are quietly pleased that Gove’s resurrection has at least given them a high-profile secretary of state with sufficient intellect and clout to demand his own seat at the Brexit talks. Whether Gove can force the future of our food and farming to prominence in negotiations – or reduces it to a bargaining chip to be thrown away for other gains – will depend on his approach. ...
With politics turned on its head, Labour sticks to Brexit ambiguity image
Source : Guardian [Read Article] Sunday 25th of June 2017 01:05:57 PM
.... To put up a decent show in the general election in June, Corbyn needed to hold together a coalition of leave voters in the north and Midlands with remain voters in London and the other big cities. So the line was that Labour accepted the result of the referendum but would seek to secure access to the single market in any negotiations. ...
Maxed-out consumers of concern to Bank of England image
Source : Guardian [Read Article] Sunday 25th of June 2017 06:00:22 AM
....Even though investment in commercial property sank to its lowest levels in four years in the aftermath of the referendum, the Crown Estate said it was pushing ahead with a £100m development of Duke’s Court, a mixed retail and office block in St James’s, because it believed in “the fundamentals of London’s West End”. Six months and an election later, and with the Brexit negotiations having just started, what will the view of the Crown Estate be now? On Monday, chief executive Alison Nimmo will reveal the annual results for the estate, which owns London’s Regent Street and the entire UK seabed, among many other holdings. ...
Uber and the ‘brogrammers’ feel the consequences of changing the world image
....The currency rallied on Wednesday when the Bank’s chief economist, Andy Haldane, usually a nailed-on supporter of low rates, said the time was nearing when he might vote for a rise. Despite agreeing with Carney that the UK economy was entering choppy waters during the Brexit negotiations, he warned that without higher interest rates the Bank would be impotent when the next crash came along. ...
Exporters are wise to start preparing for a hard Brexit image
Source : Guardian [Read Article] Saturday 24th of June 2017 04:05:04 PM
....But the post-2020 years will be dominated by sales of electric cars, and for that Brexit poses too many risks. The rhetoric from the car industry has become more strident as the opening of negotiations has neared and last year’s vague promises from business secretary Greg Clark of help and support have faded from memory. ...
Soft Brexit, hard Brexit – What is the difference for expats? image
Source : Daily Express [Read Article] Friday 23rd of June 2017 02:24:00 PM
....2 million UK expats currently living in member states. This was the biggest concern for expats, as in the run-up to the negotiations the UK government had seemed intent on using the rights of EU nationals in the UK as a bargaining chip to secure the rights of UK expats. ...
One year on from Brexit vote: business's winners and losers image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:08 PM
....The Brexit vote appeared to scupper the idea that the Bank of England would soon increase borrowing costs, with market expectations of a rate rise by 2018 plunging from 86% on the day of the referendum to 20% now. As Brexit negotiations finally got under way this week, the TUC said that 12 months after the referendum the government had failed to come up with a plan to make Brexit a success for working people. ...
UK budget deficit to increase this year amid living standards squeeze image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:49:47 AM
....But analysts said this still meant the government would fail to meet its previous plan of reducing the deficit in every year of the parliament, with the gap between government income and spending heading towards £58bn, compared with £47bn last year. The economy has slowed dramatically since the start of the year as the prospect of Brexit negotiations unnerved businesses and the lower value of the pound fed through into increased inflation, causing living standards to fall. ...
Uber CEO Travis Kalanick should have gone years ago | Nils Pratley image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:01:21 AM
....It’s a legitimate concern, but Carney’s position is more persuasive to this column’s mind. For starters, the impact of the Brexit negotiations on business confidence is unknown, but is unlikely to be positive. ...
SFO has clear public interest in pursuing Barclays case | Nils Pratley image
....Nobody should be surprised: the Johnsonian cake-and-eat-it vision of Brexit is well and truly dead. Reality has dawned in the UK that negotiations with the EU27 will be difficult, complicated and will add an entirely unpredictable element to an economic outlook that is growing murkier as real incomes are squeezed. ...
Carmakers call for interim Brexit deal or risk falling off 'cliff edge' image
....Carmakers have called on ministers to keep the UK in the EU single market and customs union for at least five years or risk permanent damage to the industry. The Society of Motor Manufacturers and Traders told the government on Tuesday it was time to be pragmatic and honest about what could be achieved and secure an interim agreement in Brexit negotiations. ...
Philip Hammond says Brexit deal must put jobs and prosperity first image
Source : Guardian [Read Article] Tuesday 20th of June 2017 08:41:04 AM
....Responding to Hammond’s speech, the EU’s chief Brexit negotiator, Michel Barnier, warned the UK will have to stay under the jurisdiction of the European court of justice for years to come if the chancellor wants to secure a transitional period to protect businesses after the UK leaves the EU in 2019. The former French minister added that the EU side needed further clarity over what the British government hoped to secure by the end of the negotiations, although he noted the British delegation had been clear with him that the UK still wished to leave the single market and the customs union. ...
Bank of England says interest rates should be kept on hold amid Brexit uncertainty image
. Fears that the start of Brexit negotiations will damage the economy mean that interest rates should remain at their record-low level, the governor of the Bank of England has said. ...
UK economy will slow amid Brexit talks and pay squeeze, warns CBI image
Source : Guardian [Read Article] Monday 19th of June 2017 11:01:49 PM
....Fairbairn said the CBI and other lobby groups were pushing the government to give the business community a stronger say and more formal role in talks about future trade deals for the UK outside the EU. She said imitating countries such as Australia and Canada, where business groups are formally consulted in trade negotiations, would be a major benefit to Britain. ...
UK caves in to EU demand to agree divorce bill before trade talks image
Source : Guardian [Read Article] Monday 19th of June 2017 06:23:20 PM
....But a politically weakened UK team appeared eager to show signs of progress on Monday even if it meant accepting priorities set by their counterparts. The chief EU negotiator, Michel Barnier, made clear that he believed Britain was in no position to dictate the timing of the negotiations. ...
UK business groups plead for economy to be put first in Brexit talks image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:38:33 PM
....“The business community fully accepts the decision of voters last June that the UK will leave the European Union. We have come together to urge the government to put the economy first as it prepares to start formal negotiations on the UK’s departure from the EU,” says the statement from the BCC, CBI, manufacturers’ group EEF, the Federation of Small Businesses and the Institute of Directors. ...
Brexiters have voted for a poverty even worse than austerity image
Source : Guardian [Read Article] Sunday 18th of June 2017 06:00:04 AM
.... When will my old friend David Davis finally get the point?. Which brings us to the statesmanlike way in which Emmanuel Macron, the president of France, offered Britain a route back from the cliffs towards which May has been heading: “Until negotiations come to an end there is always a chance to reopen the door. ...
BA cabin crew call two-week strike in July over pay dispute image
Source : Guardian [Read Article] Friday 16th of June 2017 01:51:16 PM
....”. Willie Walsh, the chief executive of BA’s parent company, IAG, told the Guardian before the strike announcement that the latest offer had been “a fair negotiation in the circumstances”. ...
Ex-Barclays director who backed Vote Leave appointed City minister image
Source : Guardian [Read Article] Wednesday 14th of June 2017 04:45:30 PM
.... “It is vital we have more champions of business representing our industry in parliament,” he said. “As we begin the Brexit negotiations, it will be essential for the government and industry to maintain a strong, open and constructive dialogue. ...
Brexit Bond offers top rate of 3% - if savers are RIGHT about UK's exit from EU image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 04:15:00 PM
...."Our innovative Brexit Bond gives savers a clear choice; one pays a bonus if the Pound falls against the Euro, the other if the Pound rises. "Of course we live in an uncertain world and there are many other things that affect the Pound:Euro exchange rate, not just the Brexit negotiations. ...
Pay squeeze intensifies as wage growth falls further behind inflation image
Source : Guardian [Read Article] Wednesday 14th of June 2017 08:35:03 AM
.... Economists at ING bank said policymakers are unlikely to raise rates before 2019. Neil Carberry, director of employment and skills for the CBI business lobby group, said the government must “put the economy front and centre, create stability and ensure the EU negotiations get off to a positive start”. ...
As with everything Brexit, the battle for the City will be messy | Nils Pratley image
.... Brexit, by rights, should not change that approach. Brussels, one fears, is playing hardball games even before negotiations have even started. ...
Brussels plan could force euro clearing out of UK after Brexit image
Source : Guardian [Read Article] Tuesday 13th of June 2017 06:05:20 PM
....EU officials gave officials a degree of discretion in determining whether the EU’s financial stability is threatened by the trade in Brexit London. In theory, this could give the EU more speed and flexibility to adjust their rules against UK-based firms in future, while also not closing down avenues ahead of the Brexit negotiations. ...
Britons feel the squeeze as inflation rises to four-year high of 2.9% image
Source : Guardian [Read Article] Tuesday 13th of June 2017 08:37:27 AM
....25%. Inflation is well above the Bank’s 2% target, but policymakers have said they are happy to tolerate some overshoot because they want to support growth and employment as the UK prepares to begin Brexit negotiations. ...
UK could get farm aid for two years after Brexit under EU budget plan image
Source : Guardian [Read Article] Tuesday 13th of June 2017 07:40:04 AM
....The UK could continue to get farm payments and aid for poorer regions for two years after it leaves the EU, if it agrees to pay into the EU budget until the end of 2020, under plans being considered by EU diplomats. The potential offer to sweeten the pill of the UK’s Brexit bill is a sketchy idea rather than a detailed proposal, but two sources familiar with the Brexit negotiations confirmed it had been discussed. ...
Our leaders have lost touch with reality – just like the banks did | Aditya Chakrabortty image
.... Bungs for housebuilders and hundreds of billions in quantitative easing are presented as part of the new normal. In one of the biggest constitutional crises ever seen in postwar Britain, May strikes a secret deal with the creationists of the Democratic Unionist party – and is still unable to start Brexit negotiations on time, or to do a Queen’s speech. ...
UK employers plan to keep hiring despite Brexit and slow growth image
Source : Guardian [Read Article] Tuesday 13th of June 2017 05:01:47 AM
. Employers in Britain are planning to take on new workers over coming months despite looming Brexit negotiations and slower economic growth, according to a survey. ...
Moody's warns election result will complicate Brexit talks image
Source : Guardian [Read Article] Monday 12th of June 2017 11:01:40 PM
. The inconclusive outcome of Britain’s snap election will complicate and probably delay Brexit negotiations that were due to start next week, a leading credit rating agency has warned. ...
If hard Brexit is dead, the odds on a chaotic one have shortened image
Source : Guardian [Read Article] Sunday 11th of June 2017 06:00:47 AM
.... “We know when they must end. Do your best to avoid a ‘no deal’ as result of ‘no negotiations’. ...
Britain looks set for a politically hot summer but what is the future for your finances? image
....5 per cent. “This could now become an area for negotiation, particularly if the Democratic Unionist Party (DUP) holds the balance of power as they are strongly in favour of keeping it. ...
Double whammy for British tourists as pound plunges and prices rise abroad image
.... “I don’t think we are going to see a flat, easy, forecastable sterling-euro or sterling-dollar figure for some time yet,” he said. “Let’s face it, we have got Brexit negotiations to go through – in whatever form they take – and the markets don’t know what that means. ...
New Channel 4 boss Alex Mahon faces some unwelcome drama image
Source : Guardian [Read Article] Saturday 10th of June 2017 03:00:29 PM
.... Mahon will be involved in the broadcaster’s response to the proposals, which is due next month and could suggest moving some operations. The government will then have up to 12 weeks to deliver its verdict and Mahon will be in place when the negotiations begin in earnest. ...
Pound recovers after sharp falls as political turmoil hits markets image
Source : Guardian [Read Article] Friday 9th of June 2017 04:46:50 PM
....The pound fell to an eight-week low and shares in housebuilders, banks and retailers lost ground after the shock election result, which increased uncertainty over both the forthcoming Brexit talks and the UK’s economic prospects. But the currency recovered from its worst levels as Theresa May announced she was forming a new government with the help of the Democratic Unionist party and vowed to press ahead with Brexit negotiations. ...
Business leaders demand answers over Brexit strategy image
Source : BBC [Read Article] Friday 9th of June 2017 02:03:46 PM
. Business leaders are demanding a new direction for Brexit negotiations in reaction to the General Election. ...
German firms grapple with UK poll result image
Source : BBC [Read Article] Friday 9th of June 2017 11:19:21 AM
....Initially, there had been little-to-no interest in the UK election in German business circles. Most, like the polls, assumed a comprehensive win for Theresa May, and the size of her majority was seen as being of negligible consequence to the direction of Brexit negotiations. ...
Election 2017 pound latest: Should you buy euros and dollars after hung parliament? image
....". The pound is now set to be impacted by how the new Government is formed and what it means for Brexit negotiations. ...
Business and City leaders call for reassurance image
Source : BBC [Read Article] Friday 9th of June 2017 08:06:32 AM
....The Institute of Directors demanded a focus on preparing for Brexit talks and to move away from political "rhetoric". And the manufacturing organisation, the EEF, said it wanted a "careful rethink" on Britain's Brexit negotiation strategy. ...
UK economy now in the fog of election uncertainty | Larry Elliott image
Source : Guardian [Read Article] Friday 9th of June 2017 07:15:28 AM
.... Brexit talks are supposed to start the week after next and it is uncertain whether May will still be leading the team by then. May’s plan to strengthen her hand in the negotiations by increasing her majority has been an abysmal failure. ...
Pound plunges amid fears over Brexit delays image
Source : Guardian [Read Article] Friday 9th of June 2017 01:05:46 AM
. The shock election result sent the pound plunging amid fears that Brexit negotiations could be delayed if voters returned a hung parliament to Westminster. ...
Election 2017: Pound under pressure amid Labour surge image
Source : BBC [Read Article] Thursday 8th of June 2017 09:42:36 PM
.... Voters didn't want to hand her the blank cheque for Brexit. It may leave negotiations in limbo but would also tend to suggest that the downside for sterling is limited," he said. ...
Markets edge down as fears surface on size of Tory majority image
Source : Guardian [Read Article] Thursday 8th of June 2017 04:46:15 PM
....25 – the level it was trading at before the election was called. A hung parliament just ahead of the start of Brexit negotiations could see sterling slump by around six cents to $1. ...
How will the City react to a Tory or Labour general election victory? image
Source : Guardian [Read Article] Thursday 8th of June 2017 09:10:38 AM
.... Analysts at JP Morgan, though, reckon the index could rise by as much as 2% despite stronger sterling on relief that the Conservatives have secured victory. The political ramifications for Brexit negotiations will also be scrutinised. ...
Pound V euro: GBP exchange rate against EU strengthens as Tories tipped to win election image
....However with the majority of polls pointing to a lead for the Tories larger than the seven-points that they secured in the 2015 general election sterling has begun to strengthen. Investors are hopeful that a larger number of seats in parliament will grant the Prime Minister the mandate to pursue her plans for Brexit and strengthen the government’s position in negotiations when they officially begin later this month. ...
The Crusader: Pledge is hopeful end to window saga image
Source : Daily Express [Read Article] Tuesday 6th of June 2017 10:50:00 AM
....We contacted the GMC as well as sending the firm a recorded delivery letter. The Guild confirmed that if other negotiations failed, then its conciliation service could assist. ...
Hopes of EU-US trade agreement put on ice, say Brussels sources image
Source : Guardian [Read Article] Monday 5th of June 2017 10:46:08 PM
.... “A UK-US trade deal would probably take 10 to 15 years anyway”, the diplomat said. The UK’s attitude to the coming Brexit negotiations had given EU diplomats little evidence of such a capacity, the source added. ...
Channel 4 confirms Alex Mahon as chief executive image
Source : Guardian [Read Article] Monday 5th of June 2017 03:37:43 PM
....”. Mahon will take over from David Abraham, who leaves later this year, and will immediately face the prospect of negotiations with the government over the relocation of Channel 4 out of London. ...
Disappointing US jobs figures knock markets off peak image
Source : Guardian [Read Article] Friday 2nd of June 2017 05:47:06 PM
....25% set by the Bank of England. With only a week to go before the UK election and three weeks before the start of Brexit negotiations, Capital Economics said the FTSE 100 and UK economy were in for a bumpy ride. ...
China sees an opportunity to lead as Trump withdraws from Paris. But will it? image
....“China will stay committed to upholding and promoting the global governance on climate change, and take an active part in the multilateral process on climate change,” Hua Chunying, a foreign ministry spokesperson, said the day before Trump’s announcement. “We will work with all relevant parties to safeguard the outcomes of the Paris Agreement, press ahead with the negotiation and implementation of the enforcement rules, and promote green, low-carbon and sustainable growth of the world. ...
Scunthorpe steelworkers enjoy the rewards of act of faith in new owner image
....That’s a robust counterpoint to the notion, put forward by May, that no Brexit deal at all is better than a bad one. If she returns as prime minister after the election, steelworkers must hope that trade negotiations do not once more cast a shadow over the UK steel industry. ...
UK manufacturing in healthy shape despite election uncertainty image
Source : Guardian [Read Article] Thursday 1st of June 2017 05:24:04 PM
....The consumer squeeze was a key factor in the sharp slowdown in economic growth in the first quarter of 2017. Survey data has suggested the second quarter got off to a stronger start but economists warn that uncertainty stemming from Brexit negotiations could derail any upswing. ...
Southern rail drivers suspend overtime ban in long-running dispute image
Source : Guardian [Read Article] Thursday 1st of June 2017 05:14:41 PM
....An overtime ban by drivers that was set to cause major disruption for Southern rail passengers from Sunday onwards has been suspended for two weeks. The drivers’ union, Aslef, said the move would allow time for fresh negotiations to try to resolve the long-running dispute over driver-only operation of trains. ...
UK comes bottom of G7 growth league as Canada takes lead image
Source : Guardian [Read Article] Wednesday 31st of May 2017 04:28:02 PM
....5% from 1%. It added: “Nonetheless, Moody’s still expects weaker growth as investment spending slows as Brexit negotiations get under way and consumers feel the impact of accelerating inflation. ...
Strong sales growth at Aldi and Lidl takes their market share to 12% image
Source : Guardian [Read Article] Wednesday 31st of May 2017 08:55:13 AM
....7bn, the lowest for a year, the Bank said. Nationwide Building Society said last week that consumers were alert to the economic risks associated with the Brexit negotiations. ...
'Reduce business rates' image
Source : BBC [Read Article] Wednesday 31st of May 2017 12:05:30 AM
. What do Britain's business leaders want from the next government? Whichever party wins the election, the twin issues of the economy and the UK's Brexit negotiations with the rest of the EU will take centre stage on the new government's agenda. ...
Higher inflation drives down real wages for British workers image
Source : Guardian [Read Article] Tuesday 30th of May 2017 12:48:46 PM
....Rising prices on the back of the Brexit vote and the trend towards more insecure work will rob British workers of any growth in real wages this year, with repercussions for the wider economy, a new report has warned. With just over a week to go until a snap general election largely focused on looming Brexit negotiations, economists at the ratings agency Standard & Poor’s are the latest to highlight the blow to living standards from last year’s vote to leave the EU. ...
BT considering closing defined-benefit pensions scheme for existing staff image
....BT is considering closing its defined-benefit pension scheme, the latest former state-owned business to close – or move to close – so-called “gold-plated” retirement plans for existing employees. It comes as the telecoms group prepares to enter negotiations with pension trustees about the future funding of the scheme from next month. ...
Painstaking detail of Brexit process revealed in EU documents image
Source : Guardian [Read Article] Tuesday 30th of May 2017 06:00:00 AM
....”. Seasoned observers say positions are becoming entrenched on both sides, because negotiations have not begun. ...
EU moves to crack down on carmakers in wake of VW emissions scandal image
....The European council overcame initial objections from Germany and agreed to try to reform the system for approving vehicles in Europe in the wake of the Volkswagen emissions scandal. The draft now goes for negotiations with the European commission and the European parliament, where the car industry holds a strong influence. ...
Brexit economy: workers face squeeze but firms remain upbeat image
Source : Guardian [Read Article] Thursday 25th of May 2017 11:12:55 AM
....In the latest figures, unemployment is at the lowest level since 1975 and retail sales rebounded as shoppers apparently shrugged off any worries about rising prices to keep spending in April, although many retailers and economists take issue with the accuracy of the official data. Despite uncertainty over the impending Brexit negotiations with the rest of the EU, closely watched business surveys point to a buoyant mood across a broad range of companies and the FTSE 100 has set record highs. ...
Nationwide profits drop 18% as it shields savers from interest rate cuts image
....Nationwide Building Society’s profits slumped last year after it shielded savers from the full extent of the Bank of England’s interest rate cuts. As the UK’s largest building society reported a 18% fall in profit to £1bn, its chief executive, Joe Garner, said customers were alert to the economic risks associated with the Brexit negotiations and forecast that house price growth would slow to its lowest pace in four years to 2% in 2017. ...
Opec oil producers poised to extend production cuts image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 11:27:42 AM
....While most analysts view deeper cuts as unlikely, several expect the oil price to creep up to about $60 later this year as supply and demand rebalances. Alan Gelder, an expert at oil analysts Wood Mackenzie, said: “Deepening cuts requires almost a renegotiation [on last year’s agreement], whereas an extension is relatively administratively easy to do. ...
RBS could rob us of the chance to see Fred Goodwin grilled in court | Nils Pratley image
.... From where McEwan sits, the argument with the hold-outs can indeed be seen as a time-consuming distraction. The sums at stake are significant but they are a trifle compared to the multibillion-dollar territory that RBS will enter when it starts negotiations with the US Department of Justice over mortgage-backed securities that were allegedly mis-sold before the crisis. ...
EU's Barnier refuses to imagine UK Brexit talks walkout image
Source : BBC [Read Article] Monday 22nd of May 2017 01:08:19 PM
.... In a communique on Monday, EU officials stressed that a key to the talks' success would be their transparency for all sides. UK Prime Minister Theresa May emphasised the importance of the negotiations in the days after voters choose a new government on 8 June. ...
TPP trade deal will continue without Trump image
Source : BBC [Read Article] Sunday 21st of May 2017 10:54:17 AM
....". "The president made a decision, that I certainly agree with, that bilateral negotiations are better for the United States than multilateral negotiations. ...
Brexit and the coming food crisis: ‘If you can’t feed a country, you haven’t got a country’ image
....Kay may have wanted to reassure his employees in the immediate aftermath of the vote, but 11 months on their status is no clearer. Indeed, this tidy little village could now stand as a blunt symbol for one of the most serious but little talked about issues arising from the Brexit negotiations: the continued ability of this country to feed itself, if the deal goes wrong. ...
Australia leads fight to save Trans-Pacific Partnership trade pact image
Source : Guardian [Read Article] Sunday 21st of May 2017 06:06:03 AM
....The newly-appointed US trade chief, Robert Lighthizer, attended the two-day gathering, where he was scheduled to meet one-on-one with several ministers, including from China, Canada and Mexico. The Reagan-era trade veteran has been tasked with renegotiation of the North American Free Trade Agreement – another deal Trump promised to pull out of, though he later backpedalled after speaking to the leaders of Canada and Mexico. ...

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