EU

U.K. Ready to Pay Up to 40 bln Euros to Leave EU

By David Milliken LONDON, Aug 5 – Britain is prepared to pay up to 40 billion euros ($47 billion) as part of a deal to leave the European Union, the Sunday Telegraph newspaper reported, citing three unnamed sources familiar with Britain’s negotiating strategy. The European Union has floated a figure of 60 billion euros and

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EU Launches New Aid Scheme for Greece to Help Refugees With Rent, Cash

ATHENS, July 27 – The European Commission offered 209 million euros ($245 million)in new emergency aid for Greece on Thursday to help refugees stranded in the country rent homes and pay for basics with a cash card. About 62,000 refugees and migrants, mainly Syrians, Afghans and Iraqis headed to northern Europe, have been stranded in

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Migrant Deal with Turkey Working Well, Says EU Official

VIENNA, July 25 – An EU deal with Turkey to stem the westward flow of migrants is working well, and day-to-day bilateral ties are better than rhetoric might suggest, the bloc’s top official for relations with neighbouring states said. Austrian Johannes Hahn made the comments to ORF radio on Tuesday, days after Germany raised the

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Will Macron’s Presidency Affect Trade with the Middle East?

By Marcus Turner Jones Emmanual Macron sealed a decisive victory in the final round of the French presidential elections, seeing off opposition from far right candidate Marine Le Pen to become the youngest president of France in history, at age 39. Macron is a former investment banker who is pro-EU and pro-global. He has promised

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Turkey’s EU Dream Over, Says Top Official

By Robin Emmott VALLETTA, May 2 – Turkey under President Tayyip Erdogan has turned its back on joining the European Union, at least for now, the bloc’s top official dealing with Ankara said, offering economic cooperation instead if both sides can restore friendly ties. After years of stalemate on Turkey’s bid to join the world’s

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Ten non-EU Financial Centres Authorised to do Business in the EU

BRUSSELS, Dec 16 – The European Union has authorized a batch of countries outside the bloc to offer clearing and trading of securities to EU firms, under a regime that Britain may also have to use after Brexit. The EU’s executive European Commission said on Friday it has granted so-called equivalence to the clearing houses

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Brexit Trade Deal with EU Could Take 10 Years, U.K. Envoy to EU Says

LONDON, Dec 15 – A post-Brexit trade deal between Britain and the European Union might take 10 years to finalise and could still fail, the United Kingdom’s ambassador to the bloc has told Prime Minister Theresa May’s government, the BBC reported on Thursday. Ivan Rogers, Britain’s envoy to the EU, warned ministers that the European

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British PM May’s Brexit Plan: Secret Strategy or Muddle?

By Guy Faulconbridge LONDON, Dec 14 – If Prime Minister Theresa May has a detailed Brexit plan, it is very secret. Since the June 23 referendum, May has been clear only that the United Kingdom will leave the European Union and that she will formally trigger exit talks by the end of March 2017. May

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Brexit Endangers U.S.-U.K. Trade as Some U.S. Firms Could Move

LONDON, Dec 14 – Brexit could hit trade relations between Britain and the U.S, with nearly 40 percent of American firms considering moving their British office to the EU and two-thirds saying the vote is impacting investment choices, according to a survey. Food and beverage, life sciences and financial services firms were most likely to

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More Pilot Mental Health Checks, Alcohol Testing on Cards Under EU Proposals

BERLIN, Dec 11 – The European Commission will propose legislation next year requiring airlines to run mental health checks on pilots before they start commercial flying, as part of efforts to prevent a recurrence of last year’s Germanwings crash. Authorities have been looking at ways to toughen pilot screening and better assess their mental health after

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