Despite hopes of a major breakthrough on Brexit, talks between the United Kingdom and European Union (EU) have stalled, in large part over discussions about the Irish border. When British Prime Minister Theresa May arrived in Brussels on Monday to meet European Commission President Jean-Claude Juncker, there were indications a major breakthrough on stage one of Brexit was imminent.
The EU will refuse Britain’s demand for talks on a post-Brexit transition and future trade pact if Ireland is not satisfied with London’s offer on border arrangements with Northern Ireland, European Council President Donald Tusk said this weekend.
British Prime Minister Theresa May insisted on Wednesday there is still no agreement on the UK's Brexit bill despite reports British officials have committed up to £50bn to the EU. British newspapers reported on Tuesday that an agreement had been reached on the divorce bill and mentioned 50bn Euros.
Britain is considering devolving certain powers to Northern Ireland to avoid the possibility of a hard border with the Republic of Ireland after Brexit, according to a report from The Times.
Westminster has reached an agreement with Brussels, in principle, on its so-called Brexit 'divorce bill', according to the Daily Telegraph. The report saw Sterling rapidly cut its losses to trade 0.24% higher at 1.3351, which was up from an intraday low of 1.3220.
Argentina authorized the use of genetically modified soybean seeds resistant to herbicides other than glyphosate, as the European Union (EU) debates whether to extend the license of weed-killers containing the ingredient.
Brussels will seek to drive forward negotiations on a far-reaching trade deal with Mercosur this week despite warnings from France and other EU members that they are reaching the limit of the concessions they can tolerate on beef and other sensitive agricultural products, according to a report from the Financial Times.
UK Prime Minister Theresa May has been given 10 days to offer further concessions on issues including the Brexit divorce bill and the complex matter of the Northern Irish border if she wants European Union leaders to agree to trade talks.
Britain's Chancellor of the Exchequer has outlined cautious spending plans to a nation bracing for the shock of leaving the European Union, amid a stream of worsening of economic forecasts that hampered room for giveaways.
Despite UK prime minister Theresa May reportedly doubling her Brexit ‘divorce bill’ offer, European Union (EU) diplomats have already indicated they are still not satisfied and could demand more cash for talks to progress.