The European Union’s trade in goods surplus with the US grew in January and February compared to a year earlier, a development that could further raise tensions with the Trump administration. Read more: EU officials given go-ahead to negotiate with Trump on tariffs Meanwhile, the EU’s trade in goods deficit with China increased, driven by a 10 per cent increase in imports from America’s rival. In January and February, the EU exported €21.6bn (£18.7bn) more goods to the US than it imported, a 3.3 per cent rise compared to the same two months in 2018. The EU imported €37.8bn more goods from China than it exported to the country, a rise in the trade deficit of 6.5 per cent year-on-year. The figures come soon after EU member states voted to open trade negotiations with the US to avert the lingering threat of further tariffs. It slapped levies of 25 per cent on steel and 15 per cent on aluminium imports from the bloc in March 2018. The Trump administration … [Read more...] about EU trade in goods surplus with US increases as economic tensions rise
Uk trade deficit with germany
LONDON (Reuters) - Britain’s economy grew at its weakest pace in half a year in the three months to November as factories suffered from tough global trade conditions and the approach of Brexit, official data showed on Friday. FILE PHOTO: A worker examines an aluminium component inside at a factory in Shipley Gross domestic product was 0.3 percent higher than in the previous three-month period, down from growth of 0.4 percent in the three months to October and matching the consensus of a Reuters poll of economists. Manufacturers suffered their longest period of monthly declines in output since the financial crisis, hurt by weaker overseas demand, the Office for National Statistics said. Looking at November alone, industrial output dropped 1.5 percent on the year — the biggest fall since August 2013. Worries about the global economy have been mounting due to concerns about a trade war between the United States and China. Figures from Germany and France earlier … [Read more...] about UK economy slows as global worries, Brexit weigh on factories
The new trove included several highly incriminating files related to the poisoning of Sergei Skripal in March 2018, which raised a number of extremely serious questions about the shadowy British state and NATO-funded ‘think tank' and its connections with the affair. A few hours after publishing an article based on a precursory investigation of the documents, I received a curious email from political scientist Hannes Adomeit — the subject line 'Criminal Charges against Kit Klarenberg' — which made me somewhat glad I'd postponed my German series. 'Criminal Charges' For several days, I'd been attempting to reach out to him and other individuals — prominent German politicians, businesspeople, military officials, academics and journalists — named in an ‘interim report' on the German cluster. It appeared Adomeit led the cluster, and had produced the write … [Read more...] about Damaging Ties: Why Germany is the Integrity Initiative’s ‘Most Important Target’
15 November 2018 • 9:44am Dominic Raab resigns as Brexit Secretary Shailesh Vara, Northern Ireland Minister, also quits Theresa May to present deal to Commons at 10.30am PM faces major backlash after 'railroading' deal through Cabinet Donald Tusk confirms EU Brexit summit on November 25 Eurosceptic Tories considering vote of confidence in PM What is the PM's deal - and what happens next? Brexit deal in full: Read the whole document here How Brexit Cabinet erupted with a 'massive bust-up' Sign up here to the Telegraph's Brexit WhatsApp group Dominic Raab has resigned as Brexit Secretary and told Theresa May her deal with Brussels risks the break up of the United Kingdom. Mr Raab stunned Westminster on Thursday morning as he announced he had quit the Cabinet having led negotiations with the European Union since David Davis resigned in July. In his letter to the PM, he said: "For my part, I cannot support the proposed deal for two reasons. First I believe … [Read more...] about Brexit deal latest news: Dominic Raab resigns and warns Theresa May deal risks break up of the UK
Matthew Lynn 9 November 2018 12:55 PM 9 November 2018 12:55 PM Share Twitter Facebook LinkedIn Email Whatsapp Collapsing retailers. A looming far-left government threatening nationalisation. And perhaps most significantly of all, our potentially chaotic rupture with our largest, closest and most significant trade partner. It doesn’t seem to matter what you throw at it, the British economy continues to be surprisingly resilient. Figures out today showed it expanded at 0.6 per cent in the third quarter, its fastest rate for a couple of years, and a rate which should keep annual growth at a more than respectable 2 per cent plus. That will come with all the usual caveats of course. It was helped by all the money we spent in the pub watching our boys do so well in the World Cup this summer, the pound was weak yet again, and much of it was financed by hammering our credit cards as usual. Even so, one thing is becoming painfully apparent. Not only are the … [Read more...] about Could the UK out-grow the EU after Brexit?