EU may need to extend trade deal talks with UK, says von der Leyen December 27, 2019 The European Union may have to extend the deadline for talks over a new trading relationship with Britain, according to European Commission President Ursula von der Leyen. Von der Leyen told French paper Les Echos that both sides need to think seriously about whether there is enough time to negotiate a new trade deal. Read [...]
House prices 2020: How will the UK property market fare next year? December 26, 2019 It’s been a rocky year for the property market, as protracted political uncertainty and affordability problems left house prices largely stagnant in London and across the UK. But with a resounding victory for Boris Johnson in the General Election earlier this month, and the prospect of an end to the Brexit saga in sight, 2020 [...]
Top Nissan boss steps down in blow to scandal-hit car firm December 26, 2019 A senior Nissan executive has resigned from the company just weeks after taking up the job, marking a blow to the embattled car manufacturer’s turnaround plan. Jun Seki, vice chief operating officer and the firm’s third highest-ranking executive, said he was leaving to become president of Kyoto-based car parts manufacturer Nidec. Read more: Nissan faces [...]
City A.M.’s Christmas quiz: How well do you remember 2019? December 26, 2019 Hello and welcome to City A.M.’s Christmas quiz of 2019! You’ve eaten more than your fill of turkey, endured your uncle’s excruciatingly detailed explanation of his plans for a new shed, and played as many games of charades as you can possibly manage without exploding at your cousin, who has apparently never seen Jaws. So [...]
Why investors may need to dig a little deeper in 2020 December 23, 2019 Summing up the outlook for 2020, Schroders’ CIO thinks that superficially, overall market valuations look uninteresting. But dig a little deeper and there may be reasons for active investors to be enthusiastic about 2020. As we move into a new decade, we don’t think it’s time to party like it’s 1999, but it’s not a [...]
Donald Trump invites Boris Johnson to White House December 22, 2019 US president Donald Trump has reportedly invited prime minister Boris Johnson to visit him in the White House in the new year. The Sunday Times reported that Trump’s invitation to Johnson was made after the British prime minister’s recent election win. Read more: European stocks rally as Boris Johnson’s Brexit deal is approved Formal discussions [...]
EU-UK trade deal must share social and environmental standards, says Barnier December 21, 2019 The European Union want to agree common social and environmental standards in any free trade agreement with the UK to avoid a “race to the bottom”, Michel Barnier has said. The EU’s chief Brexit negotiator wrote an opinion piece on Project Syndicate published on Friday, which said the EU wanted to make the most of [...]
European stocks rally as Boris Johnson’s Brexit deal is approved December 21, 2019 European stocks came close to a record high on Friday following a vote on Boris Johnson’s Brexit deal in Parliament. The Prime Minister’s deal was passed in a second reading in the House of Commons, which now makes the UK’s exit from the EU on 31 January increasingly likely. Read more: UK stocks surge as [...]
Brexit bill: MPs back Boris Johnson’s EU withdrawal agreement December 20, 2019 MPs have voted in favour of Boris Johnson’s Brexit bill during today’s second reading in the House of Commons. It paves the way for the UK to leave the European Union by 31 January. Read more: Downing Street defends Zac Goldsmith peerage and cabinet role It was voted for by 358 MPs, while 234 voted [...]
Labour to vote against Brexit bill in second reading but some MPs could rebel December 20, 2019 Jeremy Corbyn has confirmed that Labour MPs will vote against Boris Johnson’s Brexit bill today. The Labour leader launched an attack on the Prime Minister’s deal, which is likely to pass regardless by virtue of the Conservative’s 80-seat majority. “We remain certain there is a better and fairer way for this country to leave the [...]