The number of cod which can be legally caught by the UK's fishermen will be halved next year. It was agreed in the early hours of Wednesday at Brussels talks on fishing quotas for 2020.
Fiat Chrysler and rival PSA Group, owner of Peugeot and Vauxhall, have confirmed a US$ 50bn merger deal. The merger is aiming for annual cost savings of US$ 4bn through shared purchasing agreements and combined technologies, will create the world's fourth-largest carmaker.
Britain will suffer more than the European Union if it quits the bloc with no deal next year, a Brussels chief warned on Wednesday. Ursula von der Leyen, who has taken over from Jean-Claude Juncker as European Commission president, also stressed the timetable to reach an agreement was “extremely challenging” after London decided to put into law that the UK must leave by the end of December 2020.
Australian authorities declared a seven-day state of emergency in New South Wales state on Thursday as a record heatwave fanned unprecedented bushfires raging across the region.