No-deal Brexit? What it might mean for Britain

By William Schomberg and Tom Miles LONDON/GENEVA, Aug 7 : The prospect of a “no-deal Brexit” appears to have grown after the European Union’s negotiator rejected last month central elements of Prime Minister Theresa May’s proposals for a new trade agreement. Bank of England Governor Mark Carney said on Friday the possibility of Britain leaving […]

EU aims to block US sanctions on Iran

By Alissa de Carbonnel Brussels , Aug 6 : The European Union vowed today to counter US President Donald Trump’s renewal of sanctions on Iran, in a test of the EU’s ability to preserve a deal that saw Iran limit its nuclear ambitions in exchange for removing strict curbs on its economy. As Washington’s so-called […]

Germany welcomes US-EU trade reprieve as step in right direction

By Madeline Chambers and Paul Carrel BERLIN, July 26 : Germany welcomed an initiative agreed between US President Donald Trump and the head of the European Commission to ease the threat of a trade war and shares rose on the news, but business groups urged the two sides to back up their words with deeds. […]

No-deal Brexit would cost European Union 1.5 pct of GDP – IMF

By David Milliken London, July 19 : European Union countries will suffer long-term damage equivalent to about 1.5 percent of annual economic output if Britain leaves the bloc without a free trade deal next year, the International Monetary Fund said today. Britain is due to leave the EU on March 29 next year, and Prime […]