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Ex-EU Brexit negotiator Barnier: UK reputation at stake in Brexit row
  + stars: | 2021-06-14 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
Head of the Task Force for Relations with the UK, Michel Barnier attendsthe debate on EU-UK trade and cooperation agreement during the second day of a plenary session at the European Parliament in Brussels, Belgium April 27, 2021. Olivier Hoslet/Pool via REUTERSMichel Barnier, the European Union's former Brexit negotiator, said on Monday that the reputation of the United Kingdom was at stake regarding tensions over Brexit. EU politicians have accused British Prime Minister Boris Johnson of not respecting engagements made regarding Brexit. Growing tensions between Britain and the EU threatened to overshadow the Group of Seven summit on Sunday, with London accusing France of "offensive" remarks that Northern Ireland was not part of the UK. read more"The United Kingdom needs to pay attention to its reputation," Barnier told France Info radio.
Persons: Michel Barnier, Olivier Hoslet, REUTERS Michel Barnier, Boris Johnson, Barnier, Mr Johnson Organizations: Task Force, EU, REUTERS, British, London, France, Thomson Locations: Brussels, Belgium, United Kingdom, Brexit, Britain, EU, Northern Ireland
Brexit tensions are a test for Europe, says French minister Beaune
  + stars: | 2021-06-14 | by ( ) www.reuters.com sentiment -0.96   time to read: 1 min
France's Secretary of State for European Affairs, Clement Beaune speaks during an EU MED (MED7) Ministerial Conference's news conference in Athens, Greece, June 11, 2021. REUTERS/Louiza VradiFrench European Affairs junior minister Clement Beaune said on Monday that current tensions over Brexit between Britain and the European Union were "a test" for Europe. "I am telling the British people, (Brexit) commitments must be respected...If it is not the case, retaliatory measures could be taken," Beaune told Europe 1 radio. Our Standards: The Thomson Reuters Trust Principles.
Persons: Clement Beaune Organizations: State, European Affairs, EU, REUTERS, European Union, Thomson Locations: Athens, Greece, Britain, Europe, Beaune
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 11, 2021. REUTERS/StaffWorld stocks climbed another peak on Monday, while U.S. bond yields were near three-month lows as worries of rising inflation abated and investors anticipated the U.S. Federal Reserve sticking to its dovish course this week. S&P 500 futures meanwhile nudged 0.1% higher, with investors apparently viewing Thursday's above-forecast U.S. inflation data and surging factory prices in China as temporary or manageable. Goldman Sachs economists said concerns that rising inflation will derail the market recovery or lead to sharply higher bond yields were probably misplaced. Many investors expect the Fed to repeat its dovish view at its two-day meeting from Tuesday.
Persons: Goldman Sachs, John Woolfitt, Treasuries, Akira Takei, Paul Donovan, Brexit, Donovan, Bitcoin Organizations: REUTERS, Staff, U.S . Federal, Atlantic Capital, Asset Management, UBS Global Wealth Management, Markets, Japan's Nikkei, European Central Bank, Elon Musk, Thomson Locations: Frankfurt, Germany, U.S, COVID, China, London, Asia, Hong Kong, Australia, Pacific, Japan, Xinjiang
read moreThe European Commission, which oversees EU trade policy, is keen to find a solution by July 11 when a suspension of transatlantic tariffs agreed in March comes to an end. But hurdles remain over the extent to which those conditions could effectively allow the United States to approve or block European projects, they added. read moreThe United States wants a common review of aerospace funding in non-market economies like China, two of the people said. Britain and the United States committed last week to settle the aircraft dispute. A European diplomat said Britain and the EU were broadly aligned in trying to reach a deal with the United States.
Persons: Pascal Rossignol, Katherine Tai, Valdis Dombrovskis, Robert Lighthizer, Washington, Marjorie Chorlins, It's, Brexit Organizations: Airbus, Boeing, 51st Paris Air, REUTERS, European Union, EU, . Trade, European Commission, World Trade Organization, Reuters, U.S . Chamber, Commerce, Washington, Thomson Locations: Le Bourget, Paris, United States, Europe, China, Washington, London, Tuesday's U.S, Britain, United, CHINA, U.S, Beijing, Hungary, Hong Kong, Brussels, EU, European
Macron says Brexit deal must be honoured
  + stars: | 2021-06-13 | by ( Reuters Staff | ) www.reuters.com sentiment -0.88   time to read: 1 min
CARBIS BAY, France, June 13 (Reuters) - President Emmanuel Macron on Sunday said that France respects Britain’s sovereignty but it is time to end rows over sausages and focus on more serious issues. Macron said he wants Britain to respect its post-Brexit trade agreement with the European Union. “My wish is that we succeed collectively in putting into action what we signed several months ago,” Macron told a news conference at the G7 leaders’ summit.
Persons: Emmanuel Macron, Macron, , ” Macron Organizations: European Union Locations: CARBIS, France, Britain
LONDON — President Joe Biden and his fellow Group of Seven leaders agreed to donate 1 billion coronavirus vaccine doses to poorer countries over the next year, British Prime Minister Boris Johnson told reporters as the summit wrapped up on Sunday. But the commitment falls far short of the 11 billion doses the World Health Organization said are needed to vaccinate at least 70 percent of the world's population. A plan to offer developing nations an infrastructure scheme that could rival China's huge Belt and Road initiative was also on the agenda. Greenpeace U.K. accused Johnson of producing "reheated old promises" and said it would take "nothing for granted" until nations came up with the money. As the host of the summit, the U.K. was on a charm offensive, deploying the royal family to meet world leaders on Friday.
Persons: Joe Biden, Boris Johnson, Johnson, Biden, Donald Trump, Emmanuel Macron, David Attenborough, Attenborough, E.U, Brexit, Jill, Queen Elizabeth II Organizations: LONDON, Seven, British, World Health Organization, Gavi, Health Organization, NBC, Greenpeace, European Union, Royal Air Force Red Arrows, Sunday Locations: Carbis Bay, Cornwall, London, China, Canada, France, Germany, Italy, Japan, United Kingdom, Beijing, Western, U.S, British, Northern Ireland, England, Windsor
At G-7 Summit, Boris Johnson Can’t Shake Off Brexit
  + stars: | 2021-06-13 | by ( Max Colchester | ) www.wsj.com sentiment -0.64   time to read: +1 min
FALMOUTH, England—For British Prime Minister Boris Johnson, the Group of Seven summit that he hosted over the weekend was a major opportunity to showcase the U.K.’s ambitions on the global stage, putting its years inside the European Union decisively behind it. Wrangling over Brexit bled into the meeting, coloring what appeared to be a broadly successful summit. The U.K. left the bloc last year following the 2016 Brexit referendum, and at the start of this year departed the bloc’s customs union and single market. That put into effect a convoluted deal to manage trade and preserve peace in Northern Ireland after Brexit that has since been the subject of a tense dispute between Mr. Johnson’s government and the EU. Mr. Johnson says the implementation of the deal threatens the territorial integrity of the U.K.; the EU, including Ireland, says Mr. Johnson signed the deal, so he should carry out what he agreed to.
Persons: Boris Johnson, Brexit, Johnson Organizations: British, European Union, EU Locations: FALMOUTH, England, Northern Ireland, Ireland
France's Macron sparred with UK's Johnson over Brexit geography
  + stars: | 2021-06-13 | by ( ) www.reuters.com sentiment -0.94   time to read: +1 min
French President Emmanuel Macron sparred with British Prime Minister Boris Johnson over the geography of the post-Brexit United Kingdom as the two leaders discussed how to solve the riddle of Northern Irish trade flows. "The president said that Toulouse and Paris were part of a single geographic area and that Northern Ireland was on an island," the Elysee Palace said after Britain's Telegraph newspaper reported that Macron had suggested Northern Ireland was not part of the United Kingdom. "The president wants to highlight that the situation was quite different and that it wasn’t right to draw this kind of comparison," the Elysee said. "He reminded (Johnson) that the UK’s exit from the EU was a British decision and that it was necessary to stick to the word given," the Elysse said. "The President then steered the conversation back to the key issues of the G7."
Persons: Emmanuel Macron sparred, Boris Johnson, Macron, Johnson Organizations: British, Toulouse, Northern, Britain's Telegraph, EU, Thomson Locations: United Kingdom, Irish, Paris, Northern Ireland, British
French President Emmanuel Macron stepped into the Brexit maelstrom on the sidelines of the Group of Seven summit by sparring with British Prime Minister Boris Johnson over the post-Brexit geography of the United Kingdom and France. Ultimately, the discussion keeps coming back to the delicate patchwork of history, nationalism, religion and geography that intertwine in Northern Ireland. "The president said that Toulouse and Paris were part of a single geographic area and that Northern Ireland was on an island," the Elysee Palace said. BREXIT RIDDLEThe EU does not want Northern Ireland to be a backdoor into its single market but will not accept a border between the province and the Republic of Ireland. "He reminded (Johnson) that the UK’s exit from the EU was a British decision and that it was necessary to stick to the word given," the Elysee said.
Persons: Emmanuel Macron, Boris Johnson, Macron, Johnson, Dominic Raab, Andrew Marr, BREXIT RIDDLE, Edwin Poots Organizations: British, European Union, United Kingdom's, EU, Ireland, Britain's Telegraph, Toulouse, Northern, Republic of Ireland, Democratic Unionist Party, Thomson Locations: United Kingdom, France, United, Ireland, Northern Ireland, Toulouse, Paris, British, Carbis Bay, Republic of, Britain, U.S
Although Britain's decision to leave the European Union is not officially on the G-7 agenda at the two-day gathering by the sea in Cornwall, England, a diplomatic feud over Northern Ireland, the only part of the U.K. that borders the 27-nation bloc, continued to escalate. Britain's Prime Minister Boris Johnson held separate meetings with both German Chancellor Angela Merkel and French President Emmanuel Macron on Saturday. "The Good Friday Agreement & peace on the island of Ireland are paramount," European Commission President Ursula von der Leyen tweeted after meeting Johnson at the G-7 on Saturday. President Macron and I stand together, ready to take on the toughest challenges we face. pic.twitter.com/OSnbdMLxa1 — President Biden (@POTUS) June 11, 2021The issue looks unlikely to be resolved before the G-7 seaside summit concludes on Sunday and shows that Brexit remains an underlying fracture among European allies, even as Biden hopes to strengthen cooperation over China.
Persons: Joe Biden, Boris Johnson, Angela Merkel, Emmanuel Macron, E.U, , Biden, Johnson, Ursula von der Leyen, Macron, Merkel, France's Macron, OSnbdMLxa1 — Organizations: European, Britain's, NBC, Northern, Downing, Twitter Locations: European Union, Cornwall, England, Northern Ireland, Britain, Northern, Ireland, Belfast, China
"I think we can sort it out but ... it is up to our EU friends and partners to understand that we will do whatever it takes," Johnson told Sky News. NO NARROWING OF POSITIONSThe province has an open border with EU member Ireland so the Northern Ireland protocol was agreed as a way to preserve the bloc's single market after Britain left. "Both sides must implement what we agreed on," von der Leyen, European Commission president, said after meeting Johnson alongside Michel, the European Council president. Germany’s Merkel said the two sides could find pragmatic solutions on technical questions, while the EU protected its single market. The head of the World Trade Organization said she hoped the tensions would not escalate into a trade war.
Persons: Boris Johnson, Johnson, Joe Biden, I've, Emmanuel Macron, Angela Merkel, Ursula von der Leyen, Charles Michel, Peter Nicholls, von der Leyen, Michel, Germany’s Merkel, Brexit, France’s Macron Organizations: European Union, EU, U.S, Sky News, Ireland, Britain, European, REUTERS, European Commission, World Trade Organization, United, Irish Catholic, British, Thomson Locations: Britain, Northern Ireland, British, German, England, United Kingdom, Carbis Bay, Cornwall, United States, Carbis, Ireland
EXCLUSIVE Macron offers UK's Johnson 'Le reset' if he keeps his Brexit word
  + stars: | 2021-06-12 | by ( Michel Rose | ) www.reuters.com sentiment -0.99   time to read: +2 min
French President Emmanuel Macron offered on Saturday to reset relations with Britain as long as Prime Minister Boris Johnson stands by the Brexit divorce deal he signed with the European Union. At a meeting at the Group of Seven rich nations in southwestern England, Macron told Johnson the two countries had common interests, but that ties could improve only if Johnson kept his word on Brexit, a source said. "The president told Boris Johnson there needed to be a reset of the Franco-British relationship," the source, who spoke on condition of anonymity, said. "This can happen provided that he keeps his word with the Europeans," the source said, adding that Macron spoke in English to Johnson. But London says the protocol is unsustainable in its current form because of the disruption it has caused to supplies of everyday goods to Northern Ireland.
Persons: Emmanuel Macron, Boris Johnson, Macron, Johnson, Angela Merkel Organizations: European Union, Britain, EU, Franco, Northern, Ireland, United, Thomson Locations: Britain, France, England, British, Northern Ireland
Macron offers UK's Johnson 'Le reset' if he keeps his Brexit word
  + stars: | 2021-06-12 | by ( ) www.cnbc.com sentiment -0.99   time to read: +1 min
French President Emmanuel Macron (R) welcomes Britain's Prime Minister Boris Johnson (L) prior to their meeting at The Elysee Palace in Paris on August 22, 2019. French President Emmanuel Macron offered on Saturday to reset relations with Britain as long as Prime Minister Boris Johnson stands by the Brexit divorce deal he signed with the European Union. At a meeting at the Group of Seven rich nations in southwestern England, Macron told Johnson the two countries had common interests, but that ties could improve only if Johnson kept his word on Brexit, a source said. "The president told Boris Johnson there needed to be a reset of the Franco-British relationship," the source, who spoke on condition of anonymity, said. "This can happen provided that he keeps his word with the Europeans," the source said, adding that Macron spoke in English to Johnson.
Persons: Emmanuel Macron, Boris Johnson, Macron, Johnson Organizations: Britain's, European Union, Britain, EU, Franco Locations: Paris, Britain, France, England, British
UK PM stands firm on post-Brexit trade, calls for pragmatism
  + stars: | 2021-06-12 | by ( ) www.cnbc.com sentiment -0.99   time to read: +2 min
British Prime Minister Boris Johnson stood firm in his position on post-Brexit trade with Northern Ireland in talks with French, German and European Union leaders on Saturday, urging "pragmatism and compromise" to find a solution. But the spokesman said the so-called Northern Ireland protocol, part of the Brexit deal which covers trade with the British province, had been raised in talks with Macron, German Chancellor Angela Merkel and EU leaders on Saturday. "It's important to stress again, with Macron and Merkel a number of issues were raised ... The PM (prime minister) in all cases (expressed) confidence in the UK's position as regards to the Northern Ireland protocol and the desire for pragmatism and compromise on all sides," the spokesman said. The prime minister and President Macron agreed on the need to deepen the bilateral relationship between the UK and France ... there was no dependence placed on that linked to the protocol."
Persons: Boris Johnson, Ursula von der Leyen, Charles Michel, Emmanuel Macron, Johnson, Macron, Angela Merkel, Merkel Organizations: Britain's, European, Northern Ireland, European Union, EU, PM Locations: Carbis Bay, Cornwall, British, Northern, Britain, France, England, Northern Ireland, German
The European Union told British Prime Minister Boris Johnson on Saturday that he must implement the Brexit deal that he signed to ensure the delicate peace in Northern Ireland and that the 27-member bloc was completely unified on that position. "There is complete EU unity on this," she said, adding that the deal had been agreed, signed and ratified by both Johnson's government and the EU. The 1998 peace deal largely brought an end to the "Troubles" - three decades of conflict between Irish Catholic nationalist militants and pro-British Protestant "loyalist" paramilitaries in which 3,600 people were killed. French President Emmanuel Macron offered to reset relations with Britain as long as Johnson stands by the Brexit deal. The pro-British "unionist" community in Northern Ireland province say they are now split off from the rest of the United Kingdom and that the Brexit deal that Johnson signed therefore breaches the 1998 peace deal.
Persons: Boris Johnson, Johnson, Ursula von der Leyen, Charles Michel, BREXIT, Peter Nicholls, Brexit, Emmanuel Macron, Angela Merkel, Joe Biden Organizations: European Union, British, United, Northern, European, EU, Irish Catholic, REUTERS, Group, Ireland, Washington, Thomson Locations: Northern Ireland, United States, London, Brussels, United, Ireland, Carbis Bay, Cornwall, Britain, Carbis, United Kingdom, British
The official summit business starts Friday, with the customary formal greeting and a socially distanced group photo before the queen arrives. Biden will be the 13th U.S. leader she's greeted, spanning decades of what's been historically called the "special relationship" between Washington and London. The president has repeatedly used the phrase "special relationship" despite his counterpart's distaste for it. "We affirmed the special relationship — it’s not said lightly — the special relationship between our people," he said Thursday after a meeting that both sides hailed as a success. Last year, while campaigning against then-President Donald Trump, Biden called Johnson the "physical and emotional clone" of Trump.
Persons: Elizabeth II, Boris Johnson, Italy —, Biden, Steve Parsons, Prince Charles , Prince William, Kate, Duchess, Charles, Buckingham, Jill Biden, Harry Truman, Lyndon Johnson, she's, what's, Boris Johnson doesn't, Johnson, it’s, Donald Trump, Trump, Toby Melville, Brexit, , Irish Republic —, Emmanuel Macron, Britain's, Macron Organizations: Eden, Windsor, European Union, NBC, British, BBC, AP, Irish, Irish Republic, U.K, U.S Locations: England, Britain, United States, Carbis Bay, Canada, Japan, Germany, France, Italy, West, Russia, China, Cambridge, U.S, Washington, London, Europe, Northern Ireland, Irish Republic
British Restaurants Are Battling a Staff Crisis, Worsened by Brexit
  + stars: | 2021-06-11 | by ( Eshe Nelson | ) www.nytimes.com sentiment -0.99   time to read: +2 min
Some people “are not confident there won’t be another lockdown,” Ms. Shoesmith said. For now, though, this work is often considered just “a job you do in-between other things,” as Ms. Shoesmith put it. It wants them to prioritize hospitality as a “career of choice” and think beyond entry level or front-of-house positions. In more than three decades in the industry, John Crompton, the director at Hillbrooke Hotels, said he had never known a staff shortage like this. The company, which has four “quirky luxury” hotels and inns in eastern and southern England, needs to hire at least 50 people.
Persons: Kate Shoesmith, Ms, Shoesmith, Adecco, UKHospitality, John Crompton Organizations: Employment, Union, Britons Locations: Britain, England
As part of the agreement, Biden and Johnson will also work to reopen travel between the U.S. and U.K. as soon as possible. U.S. national security adviser Jake Sullivan confirmed the updated Atlantic Charter agreement aboard Air Force One while en route to the U.K. Wednesday for Biden's first trip abroad as president. “There'll be a refresher of the Atlantic Charter, which is now 80 years old,” Sullivan told reporters. And while the Atlantic Charter represents the latest chapter in the "special relationship" between Washington and London, the British government said this week that Johnson doesn't like that term. An aide told The Atlantic in a profile about Johnson that the prime minister thought the phrase appeared needy.
Persons: Joe Biden, Boris Johnson, Biden, Johnson, Jake Sullivan, Biden's, , ” Sullivan, Franklin D, Roosevelt, Winston Churchill, ” Biden, Brexit, , Irish Republic —, Sullivan Organizations: WASHINGTON, British, Charter, Downing, U.S, Air Force, Atlantic Charter, UN, NATO, European Union, Irish Republic Locations: United Kingdom, Carbis Bay, Cornwall, England, Northern Ireland, United States, Washington, London
French minister Beaune "worried" by Britain's behaviour on Brexit agreement
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.97   time to read: +1 min
French Junior Minister for European Affairs Clement Beaune speaks during a press conference to outline France's strategy for the deployment of future COVID-19 vaccines, in Paris as the coronavirus disease outbreak continues in France, December 3, 2020. REUTERS/Benoit Tessier/Pool/File PhotoBritain should respect its post-Brexit commitments, especially on Northern Ireland and fishing, and the EU is entitled to take action if that should not be the case, said French European Affairs Minister Clement Beaune, who added he was "very worried" by Britain's behaviour. "I'm very worried by the British behaviour so far," Beaune told the Public Senat TV channel on Thursday. Beaune's comments came as U.S. President Joe Biden brought a grave Brexit warning to his first meeting with British Prime Minister Boris Johnson: Prevent a row with the European Union from imperiling the delicate peace in Northern Ireland. read moreOur Standards: The Thomson Reuters Trust Principles.
Persons: European Affairs Clement Beaune, Benoit Tessier, Clement Beaune, Beaune's, Joe Biden, Boris Johnson Organizations: French Junior, European Affairs, REUTERS, Public, British, European Union, Thomson Locations: Paris, France, Northern Ireland, Beaune
President Joe Biden has issued an extraordinary rebuke to Boris Johnson after arriving in the UK for the G7 summit. The US' most senior diplomat in Britain accused the UK government of risking the Northern Ireland peace process over Brexit. Tensions between the UK and EU have increased dramatically in recent months in a post-Brexit dispute over Northern Ireland. President Joe Biden has issued an extraordinary rebuke to Boris Johnson after arriving in the UK for the G7 summit, accusing the UK government of risking the Northern Ireland peace process over Brexit. The agreement, which governs border controls and customs checks on goods passing between Great Britain and Northern Ireland, provided a grace period until April 1.
Persons: Joe Biden, Boris Johnson, Biden, America's, Yael Lempert, Lord Frost, Lempert, Frost, David Frost, Maros Sefcovic Organizations: EU, Times, UK, Northern, Commission, Sky Locations: Britain, Northern Ireland, Ireland, Europe, London, United, Great Britain
Biden and world leaders will be entertained on an English beach during the G7 summit. The leaders will sit around fire-pits on the beach, toast marshmallows, and be serenaded by sea shanties. The meeting comes amid rising tensions between Biden and UK Prime Minister Boris Johnson. A diplomatic tussle between UK prime minister Boris Johnson and President Biden about Brexit threatened on Thursday to overshadow the three-day summit. India's Prime Minister Narendra Modi was forced to cancel his visit due to the severe coronavirus outbreak across the country, however.
Persons: Biden, Boris Johnson, Brexit, Johnson, Emmanuel Macron, Justin Trudeau, Angela Merkel, Emily Scott, Simon Stallard, Du Hug, Narendra Modi, Joe Biden Getty, Biden —, Donald Trump, David Frost Organizations: UK, US, India's, Northern, Northern Ireland, Biden, Downing Locations: firepits, Cornwall, Mains, Newlyn, leeks, Australian Shiraz, Cornish, Carbis, England, Canada, France, Germany, Italy, Japan, Australia, India, South Africa, South Korea, Northern Ireland, Ireland, Great Britain, Northern, EU, Europe
U.S. remains far ahead of global pack in finance, says study
  + stars: | 2021-06-09 | by ( Huw Jones | ) www.reuters.com + 0.99   time to read: +2 min
LONDON, June 10 (Reuters) - The United States remains the world’s dominant financial centre, well ahead of nearest rival Britain, whose lead over Frankfurt and Paris so far easily outweighs the hit from Brexit, a study from New Financial think tank said on Thursday. “Brexit and the potential impact on the City of London has catalysed the debate around the relative strengths and weaknesses of different financial centres around the world,” New Financial said. China, at 29 points is the third largest financial centre, ahead of Japan (19 points), Hong Kong (14) and France (13), because its huge domestic financial sector compensates for relatively weak international activity. “Markets in the Asia Pacific account for four of the top 10 financial centres and eight of the top 20 in the world, and have grown most rapidly since 2016,” New Financial said. In 2019, Britain had 42% of all financial activity in an EU that still included the UK.
Persons: “ Brexit, Brexit Organizations: New Financial, of, United, Financial, City Locations: United States, Britain, Frankfurt, Paris, Brexit, of London, France, Germany, Luxembourg, China, Japan, Hong Kong, Asia, London, EU
At 1115 GMT, sterling was up 0.1% versus the dollar, at $1.4171, having traded in a tight range since mid-May. Versus the euro, it was down less than 0.1% at 86.065 pence per euro. Brussels accuses London of breaking the agreement by failing to implement checks on some goods moving from Britain to Northern Ireland and has started legal action over the British government’s unilateral extension of a grace period. U.S. President Joe Biden departs on Wednesday for Britain where he will participate in the annual G7 summit. Foley said that market participants were likely to continue to “gloss over” the Northern Ireland trade situation, unless Biden weighs in on the issue or if there is the suggestion that a potential UK-U.S. trade deal could be at stake.
Persons: Britain’s, David Frost, Maros Sefcovic, , Jane Foley, Joe Biden, Boris Johnson, Foley, Biden, Elizabeth Howcroft, Mark Heinrich Organizations: Northern Ireland ., U.S, CPI, European Central Bank, Versus, Sterling, London, EU, Rabobank, Britain, British Locations: Northern Ireland, London, British, Ireland, Britain, EU
The row has been dubbed the “sausage war” by British media because it affects the movement of chilled meats from Britain to Northern Ireland. Versus the euro, it was down 0.4% on the day at 86.34 pence per euro - its weakest in one week. Sterling-dollar implied volatility gauges with one-month maturities were at their lowest since February 2020, suggesting that market participants are not bracing for significant price-action. U.S. President Joe Biden departed on Wednesday for Britain where he will participate in the annual G7 summit. Biden will warn Johnson not to renege on the Northern Ireland Brexit deal when they meet for the first time at the G7 summit, British newspaper The Times reported on Monday, citing unidentified sources.
Persons: Maros Sefcovic, , Jane Foley, Joe Biden, Boris Johnson, Foley, Biden, Johnson, Rabobank’s Foley, Elizabeth Howcroft, Mark Heinrich, Jonathan Oatis Organizations: European Union, European Central Bank, European, London, Sterling, EU, Rabobank, U.S, Britain, British, Northern Ireland Brexit, The Times Locations: Britain, Northern Ireland, U.S, British, Ireland, Brussels
Why Northern Ireland, Population 1.9 Million, Is Back on the Transatlantic Agenda
  + stars: | 2021-06-09 | by ( Jason Douglas | ) www.wsj.com sentiment -1.00   time to read: +1 min
A complex arrangement to manage trade and preserve peace in Northern Ireland after Brexit is souring relations between London and Brussels and risks unsettling the U.K.’s close ties with Washington just as President Biden meets British Prime Minister Boris Johnson this week. It is also causing headaches for Ashley Pigott, managing director of AJ Power Ltd., who says his firm, which makes diesel generators in Craigavon, 30 miles from Belfast, is ensnared by red tape and onerous new costs because of the so-called Northern Ireland protocol. Officials from the European Union and the U.K. government are due to meet Wednesday to discuss the protocol and its implementation. The goal is to reach agreement on next steps to ease disruption to Northern Irish businesses while keeping the deal intact. London says the six-month extension is necessary to help Northern Irish traders already laid low by the pandemic adjust to new arrangements.
Persons: Brexit, Biden, Boris Johnson, Ashley Pigott, AJ, Mr, Pigott Organizations: Washington, British, AJ Power Ltd, European Union, Northern Locations: Northern Ireland, London, Brussels, Craigavon, Belfast, Northern Irish
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