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Britain and Canada agree post-Brexit rollover trade deal
  + stars: | 2020-11-21 | by ( Kate Holton | Amran Abocar | ) + 0.99   time to read: +2 min
LONDON/TORONTO (Reuters) - Britain and Canada struck a rollover trade deal on Saturday to protect the flow of $27 billion-worth (£20.32 billion) of goods and services between them after Brexit, and vowed to start talks on a bespoke agreement next year. Her Canadian counterpart Mary Ng said the transitional agreement “largely replicates” the EU deal on tariff reductions and provisions for labour and environment. “We do want an ambitious, high level comprehensive trade agreement with the UK,” Ng said, signalling Canada wanted similar terms to the EU deal. In less than two years it has agreed trade deals with 53 countries, accounting for 164 billion pounds ($217.82 billion) of British bilateral trade. The UK-Canada Trade Continuity Agreement will be subject to final legal checks before it is formally signed.
Persons: Boris Johnson, Canada’s Justin Trudeau, , Liz Truss, Mary Ng, ” Ng, Johnson, ” Trudeau Organizations: Britain, European Union, British, Canadian, EU, Canada Locations: TORONTO, Britain, Canada, United States, China, Mexico, Japan, EU
SGS buys Synlab unit as German COVID-19 tester eyes IPO
  + stars: | 2020-11-10 | by ( John Miller | ) sentiment -0.74   time to read: +2 min
ZURICH (Reuters) - Swiss inspections group SGS SGSN.S is buying Synlab's analytics & services unit for 550 million euros ($650.32 million), as the German company focuses on its medical business, including COVID-19 testing for European soccer, ahead of a planned share listing. Adjusted operating income rose year-on-year, SGS added, without providing figures, while conceding new regional COVID-19 lockdowns could still hurt sales this year. The deal for the Synlab unit, with 202 million euros in revenue in 2019 and roughly 2,000 employees, would be fully funded from existing financial resources, Chief Executive Frankie Ng said. The unit does analysis and testing for sectors including environment, food, hygiene, pharma and products. “While Synlab is concentrating on its core medical activities, (analytics & services) will benefit from new growth prospects,” Synlab Chief Executive Mathieu Floreani said.
Persons: Frankie Ng, ” Ng, , Mathieu Floreani Organizations: SGS SGSN.S, SGS, Life Sciences, Reuters, UEFA Locations: ZURICH
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