Europe’s leaders are set to demand that the European Commission publish no-deal plans amid fears that Brexit negotiations are dragging, leaving businesses with little knowledge on what they need to prepare in a worst-case scenario, the Times reported .
“We must now come up with contingency measures. January 1, 2021 is getting close; we need a safety net,” a senior EU diplomat told The Times on Thursday, and added that it is high time to prepare people and businesses in case an agreement cannot be made in time.
The news came few days after EU diplomats warned Britain that time was fast running out for a Brexit deal, and that it may already be too late to ratify one.
A “no deal” finale to the Brexit crisis would be yet another shock for the financial markets amid the economic hit from the coronavirus pandemic. The scenario will disrupt delicate supply chains that stretch across Europe and beyond.
The Times report said an agreement could be finalised as early as Monday.
Reuters had reported that EU trade negotiators will update member states on the latest in trade talks with Britain on Friday.
NATO Secretary General Mark Rutte said Tuesday the alliance will adjust its defenses “as needed” after two ships were struck in the Black Sea off Bulgaria.
“We have already strengthen...
Poland’s defense minister said Tuesday that Europe must speed up production of ammunition and weapons to keep pace with Russia or risk harming future generations.
Deputy Prime Ministe...
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Abela Pledges Continued Investment in Welfare, Pensions and Youth in Budget 2027: Prime Minister Robert Abela has pledged continued investment in social welfare, pensions...
Morning Briefin
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The 27th edition of the Express Trailers Żurrieq Half Marathon and 10km will take place on Sunday, 15 November, with more than 800 athletes already registered. This marks an increase on ...
What began last year as a blood donation initiative involving six companies is expanding into a broader corporate effort, with three additional companies joining this...
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The 27th edition of the Express Trailers Żurrieq Half Marathon and 10km will take place on Sunday, 15 November, with more than 800 athletes already registered. This marks an increase on ...
Malta Employers presented its Pre-Budget Document 2027 to Prime Minister Robert Abela at Castille, calling on Government to deliver a transformational Budget that moves the country away ...
Fears of renewed escalation gripped the Middle East on Wednesday after the United States and Iran exchanged their biggest barrage since July, with Washington striking Iran's southern co...
President Donald Trump announced late Saturday that he had called off planned U.S. strikes on Iran, saying renewed negotiations had raised hopes of easing the conflict and reopening ship...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
The United Kingdom, Germany and Poland have reaffirmed their support for Ukrainian President Volodymyr Zelenskyy after U.S. President Donald Trump said the country needed a new leader.
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Ukrainian President Volodymyr Zelenskiy accused the US of being unwilling to help Ukraine after a Russian bomb attack on Thursday killed at least 35 people in the east, sending the two-...
