Oil market heads towards ‘smooth rebalancing’: OPEC

After long years of punishingly low oil prices, the global oil market is moving closer to reaching a healthy balance between supply and demand, OPEC said on Thursday. In its monthly oil market report, the Organization of Petroleum Exporting Countries said there were “growing indications that the oil market is heading smoothly toward rebalancing.” Prices were… Please follow and like us:

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Brexit: will the UK sue the EU?

Brexit minister David Davis has complained in a letter to the prime minister that Brussels is damaging British interests by talking up the threat to companies if the UK leave the EU without a deal. What does the letter say? That Davis has sought legal advice over whether Brussels is breaching Britain’s rights as a member… Please follow and like us:

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May to reshuffle govt in new year reboot as Brexit looms

British Prime Minister Theresa May will begin reshuffling her cabinet Monday in a bid to reassert authority after a torrid 2017 in which she lost her working majority and several ministers to scandals. The long-awaited shake-up arrives ahead of another year of potentially bruising battles over Brexit, as talks with the European Union enter a key… Please follow and like us:

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EU leaders have power to stop Brexit, says Blair

Britain’s former leader Tony Blair has told Euronews that the European Union must show leadership over Brexit—and if it tackled fundamental problems with the European project then the UK could stay in the bloc. The ex-Labour prime minister and increasingly vocal critic of the UK’s plans to leave the EU appeared to go beyond the established… Please follow and like us:

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Anti-Trump, Brexit doomsayers: We were wrong

Historically, it seems, the prospect of a freer economy in which business owners have fewer restrictions and workers keep more of their wages brings out the harbingers of doom. It was no different when British voters chose to leave the increasingly suffocating European Union and Americans elected businessman Donald Trump. Out came the predictions of a… Please follow and like us:

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Foreign Stock Markets Seen as Hot Investment in 2018

A confluence of global synchronized growth, accommodative money policy and positive political reform in Europe should lead to continued double-digit returns for foreign equities in 2018, according to the Northern Trust CIO Bob Browne. “We feel positive on European growth, Abenomics is certainly working in Japan, and we’re not expecting a hard landing in China,” Browne… Please follow and like us:

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Ireland and Brexit: Five things you need to know

Outside of the UK, the Republic of Ireland is the country that will be most affected by Britain’s exit from the European Union, or Brexit. The UK is the second biggest customer for Irish exports, while Ireland, an EU member state, is the only country to share a land border with Britain. The border between the… Please follow and like us:

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Britain, EU in Brexit breakthrough

But leaders warn some difficult hurdles still need to be overcome The United Kingdom and the European Union announced a historic separation deal on Friday after half a year of tough negotiations. Both sides said the agreement marks “sufficient progress” that could pave the way for a second stage of talks about the future relationship between… Please follow and like us:

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Officials: Jihadist Plot to Kill British Prime Minister Thwarted

Two men were charged Tuesday in London with terror offenses over an alleged plot to kill British Prime Minister Theresa May, according to British government officials. Both will appear before a court Wednesday in the British capital in connection with what officials say was a conspiracy to launch a suicide-knife attack on Downing Street, the official… Please follow and like us:

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Irish border threatens Brexit progress ahead of May-Juncker talks

Monday is a key day in Brexit negotiations. British Prime Minister Theresa May will meet both the EU Commission President Jean-Claude Juncker and European Council President Donald Tusk. They need to make sufficient progress on the rights of citizens, a financial settlement and the Irish border before talks can progress to trade and the UK’s future… Please follow and like us:

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Britain ‘agrees to pay’ EU’s Brexit divorce bill

European Union sources say the United Kingdom has offered to pay much of what Brussels was demanding to settle the so-called “divorce bill” – a crucial condition for moving Brexit negotiations on to future relations including a future free trade agreement. Numerous reports quote EU diplomats as saying that the British have made an offer that… Please follow and like us:

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London’s new lord mayor seeking more China deals

The City of London’s new lord mayor will push for the United Kingdom’s main financial district to do more business with China. Charles Bowman, who became the 690th lord mayor of the City of London on Nov 10, said he would like to leave two “China legacies” during his year in office. “I’m really keen to… Please follow and like us:

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Scotland still wants independence

It seemed that 2017 should have killed the campaign for Scottish independence stone dead. At the UK general election in June, the pro-independence Scottish National Party (SNP) lost a third of its Westminster seats, forcing SNP leader Nicola Sturgeon to ” reset ” her plans for a second independence referendum. Then, in August, new analysis showed… Please follow and like us:

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Plans set to protect United Kingdom businesses active on Alibaba

By Help is on the way to protect British enterprises, especially the small and medium-sized ones that do business on Taobao, from intellectual property infringement. The China-Britain Business Council said it will work with Chinese e-commerce powerhouse Alibaba Group to find a better solution to protecting those companies from the United Kingdom using the group’s online… Please follow and like us:

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UK ‘ahead of curve’ in its trading with China

The United Kingdom was China’s second-largest trading partner from among members of the European Union in 2016, and its eighth-largest worldwide, according to a new study. Britain did 55 billion pounds ($71.9 billion) of trade in goods with China last year, said the report from the Confederation of British Industry, which is also known as the… Please follow and like us:

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