CDE News - World News

Bankers quit London as Brexit relocations to EU step up

Investment banks are shifting more senior staff out of London to financial centres across the European Union, accelerating the pace of moves after the pandemic and uncertainty over Britain's access…

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UK calls on EU to show pragmatism over N.Ireland trade

Britain called on Tuesday for the European Union to show pragmatism over the issue of Northern Irish trade, which has been disrupted by rules imposed since a Brexit deal agreed…

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UK officials admit some markets to be subject to duties under post-Brexit deal terms – FT

Companies in freeports in Britain will not get to enjoy the full benefits of the new tax-efficient zones if they are exporting to certain countries including Canada, Norway, Switzerland and…

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EU negotiator Barnier spills Brexit secrets in new book

The EU's pointman on Brexit, Michel Barnier, releases a book Thursday recounting the insider track on Britain's acrimonious departure and teasing his ambition to become France's next president. Written with…

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Britain ends row with EU over diplomatic status of London ambassador

LONDON (Reuters) - Britain has granted full diplomatic status to the European Union's ambassador in London, ending a dispute that has strained relations between the two sides after Brexit. Britain…

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EU executive seeks bar on Britain from cross-border disputes accord

Britain should not join a cross-border accord for recognising courts and their rulings, the European Commission recommended on Tuesday, in a move which British business leaders fear could rachet up…

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British Foreign Secretary says no final decision yet on EU ambassador’s status

Britain has not made a final decision on whether to grant the European Union's ambassador in London, Joao Vale de Almeida, full diplomatic status, Foreign Minister Dominic Raab said on…

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Five years after ‘Leave’ vote – Brexit trade deal becomes law

Brussels (dpa) - The historic post-Brexit trade deal between the European Union and Britain come into effect on Saturday, as the fifth anniversary of the Brexit vote approaches. The trade deal - struck…

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UPDATE – MEPs sign off Brexit trade deal as last major approval step

BRUSSELS, April 28 (CDE/Reuters) - Britain remains the European Union's "important friend and partner", the chairman of the bloc said on Wednesday after the European Parliament cleared a new, post-Brexit…

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Ireland’s Coveney confident N.Ireland protocol solution can be found

DUBLIN (Reuters) - Ireland's foreign minister said he firmly believes Britain and the European Union can solve outstanding issues around Northern Ireland's post-Brexit trading arrangements, particularly if middle ground can…

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EU will use trade deal tools against Britain if needed- EU’s von der Leyen

The trade agreement between Britain and the European Union will give each side tools to ensure compliance with that accord and the Brexit divorce deal between the two, European Commission President Ursula von der Leyen said…

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EU Commission sees potential in protein-based COVID-19 vaccines

Th EU Commission may eventually expand its portfolio of COVID-19 jabs to protein-based vaccines, the EU executive's President Ursula von der Leyen suggested on Friday. "We will certainly add other…

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EU clears 100 mln euro French aid for Brexit-hit fisheries sector

EU state aid regulators approved on Friday 100 million euros ($120.6 million) in French aid for the country's fisheries sector hit by Britain's withdrawal from the bloc and the subsequent…

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UPDATED: European Parliament agrees to April vote on EU-UK trade deal

The European Parliament will vote on a post-Brexit trade deal agreed between Britain and the EU next Tuesday after political leaders backed down on a threat not to ratify the…

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More Irish-British trade diverted via N.Ireland post-Brexit

More firms are shipping goods between Ireland and Britain via Northern Ireland to avoid post-Brexit red tape and delays, the head of Dublin Port said on Monday, describing it as…

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European firms battle to reach UK clients

Post-Brexit trade rules mean prosecco supplier Serena Wines 1881 must store bottles destined for Britain on costlier, fumigated pallets in their own corner of its warehouse in the northeast Italian…

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Northern Ireland faces medicine shortages ‘unless Brexit rules are changed’

Vital medicine supplies to Northern Ireland will be disrupted unless Boris Johnson changes the way the province is treated under the terms of the UK’s exit from the European Union,…

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Britain must act jointly with EU on Northern Ireland – EU’s Sefcovic

BRUSSELS, April 16 (Reuters) - The European Union will continue its legal action against Britain over the latter's unilateral action in Northern Ireland and said only jointly agreed solutions to…

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UK’s Frost says positive momentum in EU talks, difficult issues remain

LONDON, April 16 (Reuters) - Talks between Britain and the European Union on post-Brexit trade to Northern Ireland have seen some positive momentum but difficult issues remain, UK negotiator David…

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City of London Brexit hit worse than expected, says study

LONDON, April 16 (Reuters) - Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union…

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European Parliament committees back EU-UK trade deal

BRUSSELS, April 15 (Reuters) - The European Parliament's two committees overseeing relations with Britain voted overwhelmingly in favour of the EU-UK trade and cooperation agreement on Thursday, clearing the path…

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UPDATED: UK to respond to EU legal action over N.Ireland by mid-May

Britain has agreed with the European Union that it will respond to the bloc's legal action over how it has introduced new trading rules for Northern Ireland by mid-May, a…

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UK, EU talks on N.Ireland are constructive, differences remain, says UK PM’s spokesman

LONDON (Reuters) - Talks between Britain and the European Union on part of their Brexit deal which governs trade with Northern Ireland are constructive but there are still differences on…

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Brexit weighs on French exports to Britain in February

French exports to Britain picked up 4% in February but were still at only 84% of the monthly average of the second half of 2020, as post-Brexit trade rules continued…

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Brexit vote sparked surge in Irish passports issued in Great Britain

The number of Irish passports issued in Great Britain rocketed in the years following the Brexit referendum, according to figures. The data emerged as it was revealed that the celebrated…

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Half of UK firms expect long-term post-Brexit disruption: survey

The majority of British firms have faced disruption with trade with the European Union since Brexit, with many expecting the problem to last for some time, according to a survey published on Saturday. A trade agreement between London…

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Brexit reality only hitting now, EU’s Barnier says

he European Union's former Brexit negotiator, Michel Barnier, said on Wednesday the reality of Britain's decision to leave the bloc was only now being felt, years after the British 2016…

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More than a fifth of small UK exporters have temporarily halted EU sales

More than a fifth of small British exporters have temporarily halted sales to the European Union and 4% have done so permanently, a survey showed on Monday, highlighting problems that…

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Irish assets worth 100 billion euros left London due to Brexit

Securities settlement for Irish assets worth more than 100 billion euros ($119 billion) has left London for the European Union in the latest adjustment in markets to Brexit. Pan-European exchange…

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Biden sees critical need to maintain Good Friday agreement for Northern Ireland

WASHINGTON, March 17 - U.S. President Joe Biden on Wednesday underscored his strong commitment to the landmark 1998 Good Friday peace agreement and the need to maintain the political and economic stability…

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UPDATED: EU to take legal action over UK move to change terms of Northern Ireland protocol

Irish national broadcaster RTE is reporting that the European Union will take legal action today against the UK over its unilateral move to change the terms of the Northern Ireland Protocol.…

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Irish foreign minister says UK guilty of ‘perverse nationalism’

Ireland's foreign minister Simon Coveney said on Saturday that Britain was demonstrating "perverse nationalism" by seeking to reach a trade deal with the United States before the European Union and…

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Close EU scrutiny of Brexit hubs to continue indefinitely, says regulator

Close scrutiny of UK financial firms' European Union outposts will continue indefinitely, the bloc's securities watchdog said, as regulators begin a round of new checks on how they are operating.…

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PwC survey ranks post-Brexit UK fourth most favoured investment destination, overtaking India

Post-Brexit Britain has overtaken India to become the fourth most favoured investment destination according to a survey of chief executives of more than 5,000 companies, PricewaterhouseCoopers Chairman Bob Moritz said…

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UK exports to EU slump in first month of new Brexit trade ties

Exports and imports from Britain to the European Union plunged during the first month of the country's new trade relationship with the bloc, according to data published on Friday with…

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The COVID/Brexit cocktail: UK lost market share in U.S., Germany and China

The United Kingdom lost market share in the United States, Germany and China during the COVID-19 pandemic due to global trade chaos, Brexit and poor productivity, according to new research…

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UPDATED: Britain will iron out technical issues with EU, says PM Johnson

British Prime Minister Boris Johnson said on Sunday his government would iron out what he described "technical issues" with the European Union over post-Brexit trade. Asked about an article in…

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Nigel Farage steps down as leader of Reform UK

Brexit campaigner Nigel Farage announced he would step down as the leader of Reform UK, the rebranded Brexit Party he launched two years ago to campaign for what was commonly…

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UK to publish post-Brexit defence and foreign policy review on March 16

LONDON, March 5 (Reuters) - Britain will publish a review of its post-Brexit defence, security and foreign policy priorities on March 16, Prime Minister Boris Johnson's spokesman said on Friday.…

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EU not interested to protect Belfast peace agreement – N. Ireland first minister

LONDON (Reuters) - Northern Ireland's first minister said that the European Union's actions have shown that its priority is protecting the trading bloc, not the Belfast peace agreement. "What they're…

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EU court orders Britain to fix air pollution, in first post-Brexit ruling

The European Union's top court ruled on Thursday that Britain had breached the bloc's air pollution limits for years and ordered it to comply with the rules, raising the possibility…

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UPDATED: EU ‘simply can’t trust’ Britain as negotiating partner – Ireland’s Coveney

Britain's decision to make unilateral changes to Northern Irish Brexit arrangements is "not the appropriate behaviour of a respectable country" and will erode trust with the European Union, senior Irish…

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North Irish loyalist paramilitaries withdraw support for 1998 peace deal

Northern Irish loyalist paramilitary organisations told British Prime Minister Boris Johnson they are temporarily withdrawing support for the 1998 peace agreement due to concerns over the Brexit deal, the Belfast…

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EU vows legal response as UK moves unilaterally on Northern Ireland

The European Union promised legal action on Wednesday after the British government unilaterally extended a grace period for checks on food imports to Northern Ireland, a move Brussels said violated…

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UK fishing sector sees more job losses if post-Brexit export troubles not tackled soon

Britain could lose more jobs in its fishing sector if the current delays and increased costs involved in exporting to the EU post-Brexit are not ironed out soon, industry groups…

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Brexodus from City of London to the EU slows

The shift in financial staff and assets from the City of London to the European Union because of Brexit has eased after Britain completed its full departure from the bloc,…

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German exports to UK fell almost a third in January as Brexit hit

German exports to the United Kingdom fell by 30% on the year in January as the impact of Brexit turned Europe's largest economy away from the UK, exacerbating the hit…

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EU auditors highlight risks of Brexit Adjustment Reserve

In an opinion published today, the European Court of Auditors (ECA) raises some concerns over the recent proposal for a Brexit Adjustment Reserve (BAR). This €5 billion fund is a…

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Britain sets out blueprint to keep fintech ‘crown’ after Brexit

Brexit, COVID-19 and overseas competition are challenging fintech's future in Britain and the country should act to stay competitive, a government-backed review said on Friday. Britain's departure from the European…

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Northern Irish Brexit issue is two-way street

Britain must show it is fully using the avenues available under the Brexit divorce deal to minimise trade disruption in Northern Ireland before seeking concessions, a senior EU official said.…

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Northern Ireland parties take legal action against Brexit deal

Members of Northern Ireland’s two largest pro-British parties are set to take part in legal action challenging part of Britain’s divorce deal with the European Union, the parties said on…

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UK could declare Brexit ‘water wars’

Britain could restrict imports of European mineral water and several food products under retaliatory measures being considered by ministers over Brussels' refusal to end its blockade on British shellfish, the…

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EU to allow continued data flows to UK following Brexit

BRUSSELS, Feb 19 (Reuters) - The European Commission said on Friday Britain's data protection laws were in line with the European Union's and that it would start a process to…

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More ‘Brexit’ companies shift to the Netherlands as uncertainty persists

The flow of businesses moving to the Netherlands because of Brexit remained strong in 2020, even though foreign investment fell by a quarter as the coronavirus pandemic hit, the Netherlands…

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Brexit causing supply problems for small UK manufacturers – survey

LONDON, Feb 15 (Reuters) - New post-Brexit trade restrictions have pushed up the cost of parts and raw materials for two thirds of small British manufacturers surveyed last month, and…

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UK downplays risk of EU poaching City of London business

Britain on Sunday downplayed the risk of the European Union taking business away from the City of London after Brexit, saying the real challenges come from New York, Tokyo and…

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Britain, EU stress commitment to solve N.Ireland border row

Britain and the European Union on Thursday reiterated their commitment to resolve post-Brexit trade frictions over the Northern Ireland border in the wake of a row over COVID-19 vaccines. Senior…

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