LONDON/BRUSSELS The chances of Britain leaving the European Union without a trade deal have risen sharply as negotiations have been threatened by London’s insistence that it have full autonomy over its state aid plans, negotiators and diplomats said.
The FTSE 100 fell to a near four-month low on Friday as the chance of Britain leaving the European Union without a trade deal rose sharply, while housebuilders tumbled amid scrutiny from the UK’s competition regulator.
BRUSSELS European Union leaders will decide on a “carrot and stick” approach to Turkey when they meet on Sept. 24-25, their chairman said on Friday, proposing a multi-party conference to defuse tensions in the eastern Mediterranean.
BRUSSELS European Union countries are considering a new climate target for 2040, to give the bloc an emissions-cutting goal for each decade between now and 2050, when it hopes to reach “net zero” emissions, under proposals seen by Reuters.
BRUSSELS/DUBLIN Ireland is likely to lose the prestigious trade portfolio at the European Commission, officials and diplomats said on Friday, as Dublin put forward two nominees to replace its commissioner, Phil Hogan.
BRUSSELS Securing agreement on the exact conditions on respecting democracy to attach to the disbursement of European Union funds is the biggest challenge to implementing an EU plan to revive the economy after the COVID-19 pandemic, a senior official said on Friday.
BRUSSELS It is not certain that Britain and the European Union will be able to seal a deal on their new relationship after Brexit, European Council President Charles Michel said on Friday, urging London to come clean on its state aid plans to unlock progress.
BRUSSELS/BUDAPEST Hungary has refused to grant final approval of the European Union’s planned 750 billion euros (669.5 billion pounds) borrowing to spur economic recovery in the bloc from the coronavirus pandemic without guarantees on a linked mechanism on the rule of law, diplomatic sources said.
BRUSSELS The European Union will likely impose new sanctions on Moscow over the poisoning of Russian opposition leader Alexei Navalny, but not straight away to give time to uncover the culprits, according to the bloc’s executive and diplomatic sources.