The Financial Times is reporting that Premier Oil is negotiating with the UK government about securing export finance to fund just over half of the US$1.5bn investment needed to develop a large oilfield in waters north of the Falkland Islands. If all works out as planned first oil in the Falklands would be in 2021.
UK-based vehicle manufacturing outfit Alexander Dennis will be exporting 90 iconic red double-decker buses to Mexico, the company confirmed on Wednesday. The contract was backed by an equivalent £44m finance deal via UK Export Finance – part of the Department for International Trade - which has provided £1.7bn of backing to businesses since the department's creation in 2016 to help businesses export post-Brexit.
Federal Reserve Chair Janet Yellen on Friday emphatically defended the web of regulations the Fed helped enact after the 2008 financial crisis, saying it helped restore the banking system's health and disputing criticism that the rules have hurt lending.
Former Irish President Mary McAleese has said she would be heartbroken if Brexit meant she would have to show an identity card when crossing the border. She fears checks between NI and the Republic of Ireland are an inevitable consequence of the UK leaving the EU.
Nearly 30,000 EU nationals applied to become British citizens in the 12 months after last summer's Brexit vote - almost double the number of the previous year. Home Office statistics show 28,502 such applications between July 2016 and June 2017, up 80% from 15,871 in 2015-16. The total number of applications, from all nationalities, fell by 8%.
The UK will seek new arrangements with the EU in order to allow for the continued free flow of personal data, according to a government paper. Many UK businesses and law enforcement agencies rely on EU data.
New Balance has won a record payout in a Chinese trademark case after three local shoemakers were found to have infringed the brand's N logo. A Chinese court awarded the US sportswear firm more than 10 million Yuan (US$1.5m).
Australian airline Qantas said it wants to introduce nonstop flights between Sydney and London in 2022 and will choose between Boeing’s new 777-8X and Airbus’ A350-900 to fly this ultra-long-haul route.
Net migration has fallen to the lowest level for three years after a surge in the number of EU nationals leaving the UK since last June's Brexit vote. Net migration - the difference between those entering and leaving the UK - fell 81,000 to 246,000 in the year to March 2017.
Minutes after President Donald Trump concluded his Afghanistan policy speech Monday night, the conservative site Breitbart news took an aggressive, critical approach to the address and Trump’s new policy. A banner headline blasted the president’s decision to extend the U.S. military commitment in Afghanistan as a “flip-flop” that “reverses course.”