EU

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┬áhealth after

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Keep Calm and Negotiate”: EU Sees Oct 2018 Brexit Deal

By Alastair Macdonald and Philip Blenkinsop BRUSSELS, Dec 6 – The European Union’s chief negotiator set a target of agreeing a Brexit deal with Britain by October 2018, assuming London keeps a promise to formally launch the process of leaving the EU by the end of March. Michel Barnier, at a news conference on Tuesday

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May’s Brexit Plans Face British Supreme Court Test

By Michael Holden LONDON, Dec 5 – Prime Minister Theresa May’s government launches a challenge on Monday against a court ruling that it requires parliamentary approval to start the process of leaving the European Union, a decision that could upset Britain’s Brexit plans. If the Supreme Court, the United Kingdom’s highest judicial body, dismisses the

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Merkel Does Not See EU Expanding Membership Talks with Turkey

BERLIN, Nov 30 – German Chancellor Angela Merkel does not expect the European Union to open negotiations on new policy areas with Turkey in its talks to join the bloc, her spokesman said on Wednesday. Membership talks have progressed only slowly since they began in 2005 but Merkel has said the EU, which needs Turkey

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Don’t Underestimate EU Warnings on Membership Talks, Juncker Tells Turkey

BRUSSELS, Nov 26 – Turkey should heed European Union warnings over halting membership talks and carry out reforms demanded by the bloc, the president of the European Commission said on Saturday in a newspaper interview. Jean-Claude Juncker said Thursday’s vote by the European Parliament to suspend talks with Ankara should not be underestimated because, although

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Hackers Attack EU Executive but no Data Breach -spokesman

BRUSSELS, Nov 25 – Hackers attacked the European Commission’s computers on Thursday, flooding the EU executive’s servers with digital service requests, but while connection speeds were affected, there was no data breach, the Commission said. “Yesterday afternoon the Commission was targeted by an attempt to saturate our internet connection,” Commission spokesman Margaritis Schinas told a

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