The pound sterling has strengthened after two days of losses, hitting a three-week high compared with the euro. But options markets on Wednesday still signalled pain ahead, betting on greater risk of a no-deal Brexit under Boris Johnson - the new leader of the United Kingdom - as economic stress worsens. Johnson took office as prime minister vowing to implement the result of the 2016 Brexit referendum and lead Britain out of the European Union on October 31 with "no ifs or buts". That strategy could pitch the country into a showdown with the EU and trigger a constitutional crisis at home, as many UK lawmakers have pledged to bring down any government that tries to force such a departure from the European bloc. UK economic data has also been dismal in recent months, with a recession seen as likely. However, the pound strengthened as much as half a percent on Wednesday against the dollar and rose compared with the euro, as traders cut some extreme short bets against the British currency. … [Read more...] about Pound bounces as new UK Prime Minister Boris Johnson takes over
Canada new prime minister
EU and Canada are the world’s new best friends
The EU-Canada summit focused on the free trade agreement (CETA), saving the WTO and doubling investments in research and development for the energy transition. However, the meeting was more symbolic, confirming that Canada, rather than the US, is now the EU’s closest ally. EURACTIV Germany reports. At the end of the two-day EU-Canada summit in Montreal (17-18 July), European Council President Donald Tusk said, addressing Canadian Prime Minister Justin Trudeau: “Justin, you are Europe’s best friend.” Now, Canada is Europe’s most important transatlantic partner. Tusk, Trudeau and EU Trade Commissioner Cecilia Malmström did not skimp on compliments at their summit meeting. But showing unity between Canada and the EU was not the only goal. Both sides wanted to demonstrate that they can thrive without the US. They had already shown this at the G20 summit in Osaka in June, where Trudeau was sitting at a coordination meeting between EU member states. Amid … [Read more...] about EU and Canada are the world’s new best friends
Thatcher as prime minister: That’s ridiculous
UK Politics 18 May 2019 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.com/news/uk-politics-48307712 Read more about sharing. These are external links and will open in a new window Close share panel The extent to which leading Conservatives under-estimated Margaret Thatcher, both as a politician and a woman, is laid bare in a new BBC … [Read more...] about Thatcher as prime minister: That’s ridiculous
Trump lifts steel, aluminum tariffs on Canada, Mexico
President Donald Trump on Friday announced a deal to lift US tariffs on steel and aluminum imports from Canada and Mexico that had created friction between the neighbors and blocked a new North American free trade agreement. "I'm pleased to announce that we've just reached an agreement with Canada and Mexico and will be selling our product into those countries, without the imposition of tariffs," Trump said at an event in the US capital. His statement came moments after Canada released the text of the agreement between Ottawa and Washington in which they agree to eliminate US tariffs on steel and aluminum, and Canada's retaliatory measures, within no more than two days. Mexico subsequently confirmed it had reached a similar agreement with the United States. The steep US tariffs imposed last year -- 25 percent on steel and 10 percent on aluminum -- became a major stumbling block to ratifying a new North American trade pact negotiated last year by the three countries. Canada and Mexico … [Read more...] about Trump lifts steel, aluminum tariffs on Canada, Mexico
Canadian prime minister speaks with U.S. vice president
Canadian Prime Minister Justin Trudeau spoke over phone with U.S. Vice President Mike Pence, according to the prime minister office, Trend reported citing Xinhua. Trudeau raised the issue of U.S. steel and aluminum tariffs and stressed the importance of their removal. They also exchanged views on the ratification of the new North American Free Trade Agreement, a news release from the office said. The agreement was signed last November by the three countries, but it does not take effect until it is ratified, which none has done. On May 31, 2018, the United States announced that tariffs of 25 percent on imports of Canadian steel and 10 percent on imports of Canadian aluminum would take effect on June 1, 2018. In response to the unprecedented tariffs, Canada immediately announced countermeasures to impose tariffs on a range of American goods imported into Canada, including a 25 percent tariff on American-made steel and a 10 percent tariff on aluminum. Follow Trend on Telegram. Only most … [Read more...] about Canadian prime minister speaks with U.S. vice president