Washington's chief trade negotiator on Wednesday said there remained much to do before reaching a new trade agreement with China, even though both sides signal their talks are nearing the finish line. After months of negotiating with Beijing, "now we are making real progress," US Trade Representative Robert Lighthizer said in congressional testimony. However, "much still needs to be done both before an agreement is reached, and more importantly after it is reached if one is reached." Lighthizer's remarks underscored the remaining hurdles facing negotiators despite the apparent eagerness on both sides to bring their eight-month trade war to an end. Citing "substantial progress," President Donald Trump on Sunday said he would postpone a sharp increase in US duties on $200 billion in Chinese imports while the two sides worked to reach an agreement. Final details would be hashed out before a "signing summit" with Chinese President Xi Jinping at an unspecified future date, Trump said. Along … [Read more...] about Much to be done on China trade: US Trade Rep Lighthizer
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Taking your car abroad In a sentence You’ll have to request a green card from your insurer if driving to Europe after 29 March Currently, a driver of a UK-registered car is allowed to drive anywhere in the EU, the EEA (European Economic Area), Switzerland and Serbia, and not have to carry a green card that proves you have insurance cover. But if the UK leaves without a deal, all changes and drivers will be expected to carry a green card when in mainland Europe and Ireland. They are likely to be issued by an insurance company for free, but the industry is warning it could take up to a month to obtain one, so if no deal happens and you’re booked to go away with the car this Easter, you will need to act fast. The official advice from the UK government is: “From 29 March 2019, in the event that there is no EU exit deal … drivers of UK-registered vehicles will need to carry a motor insurance green card when driving in the EU and EEA.” Note that a green card … [Read more...] about Brexit: what happens the next day if there is no deal?
News / Scotland by Press Association 08/02/2019, 7:00 pm Send us a story Sign up to our Daily newsletter An international agreement to grow and sustain social enterprises in Scotland and Canada has been announced by Nicola Sturgeon on a visit to Toronto. The Social Enterprise Academy (SEA), which provides learning and development for the sector in Scotland, has launched a new partnership with the Canadian Community Economic Development Network (CCEDNet) supported by Toronto’s Learning Enrichment Foundation and the Scottish Government. The collaboration will involve sharing expertise and skills relating to social enterprises – businesses focused on creating positive change by reinvesting profits and finding innovative new business models. Ms Sturgeon announced the partnership on a visit to West Neighbourhood House, a community organisation in downtown Toronto, on Friday, the second day of her two-day visit to Canada. She said: “Scotland and … [Read more...] about New Scotland-Canada partnership to support social enterprise
London (CNN Business)1. Trade worries: Concerns that the trade conflict between the United States and China may not be resolved before the agreed deadline are pulling down global markets. Japan's Nikkei dropped over 2% on Friday and Hong Kong's Hang Seng closed in negative territory. European markets opened lower. US stock futures also declined, suggesting the sell-off that pushed the Dow and S&P 500 down 0.9% on Thursday will continue when markets open in New York. Fears over trade deepened Thursday after White House economic adviser Larry Kudlow said that there was a "pretty sizable distance" between Beijing and Washington in trade negotiations. President Donald Trump also said he was unlikely to meet with Chinese counterpart Xi Jinping before March 2, when a trade truce between the two sides expires. Read More Trump has threatened to increase existing tariffs and enact a third wave of penalties on Chinese goods imported to the United States if the two sides can't broker … [Read more...] about Trade fears; Luxury thrives in China; Record loss for Tata Motors
News / Scotland by Press Association 08/02/2019, 12:02 am Send us a story Sign up to our Daily newsletter Economic links between Scotland and Canada will be strengthened by a new Scottish Government office in Ottawa, Nicola Sturgeon has said. The First Minister officially opened the office as she hosted a Scotland is Now reception in the Canadian capital on Thursday evening. During her two-day visit to Canada she is carrying out trade and culture engagements in Ottawa and Toronto including opening the Toronto Stock Exchange and a meeting with the Toronto Region Board of Trade. Earlier in the week she carried out engagements in the USA on a tour which started on Monday. Speaking in Ottawa Ms Sturgeon said: “Scotland and Canada have strong historical links spanning family, friendship and trade. And today, Canada is an important market for Scottish exports, including our growing quality food and drinks products. “Our new office will encourage … [Read more...] about Scottish Government’s Canada office will strengthen links – Sturgeon