
Britain will not get a Brexit deal better than the current single market, Japan’s ambassador to the UK has said. Koji Tsuruoka, who took up the role just over a fortnight before the referendum in June 2016, said Japanese firms are watching negotiations and will want to continue to be located in the single market after next March.

The European Union and Mexico reached an agreement on Saturday on a new free trade deal, a coup for both parties in the face of increased protectionism from the United States under President Donald Trump. Since its plans for a trade alliance with the United States were frozen after Trump's election victory, the EU has focused instead on trying to champion open markets and seal accords with other like-minded countries.

Fresh doubts have been raised over Theresa May’s hopes for a deal on future relations with Europe, after reports that her proposals for the Irish border have been comprehensively rejected in Brussels. One report of a meeting this week between Britain’s lead negotiator Olly Robbins and senior EU officials suggested that the Prime Minister’s plans for avoiding a hard border with the Republic were subjected to “a systematic and forensic annihilation”.

The European Court of Justice in Luxembourg ruled that airlines must compensate their passengers for flight delays and cancellations, even though the reason for this was a strike by airline staff. The airlines are now facing a wave claims, because this ruling applies to all previous airline strikes and new ones.

Facebook has changed its terms of service, meaning 1.5 billion members will not be protected under tough new privacy protections coming to Europe. The move comes as the firm faces a series of questions from lawmakers and regulators around the world over its handling of personal data.

Europe’s decision to ban meat imports from several Brazilian suppliers affects 30 to 35% of the country’s exports to the bloc and will force companies to find new markets while officials work to reverse the measure, Brazil’s Agriculture Minister said.

Brazil’s largest chicken processor BRF SA has been allowed to resume production at nine plants that export to the European Union, the Ministry of Agriculture said on Wednesday, a day before a potential EU ban related to a food safety scandal. The ministry clarified that one more plant had been cleared, referring to a firm appearing in the document as SHB Comércio e Indústria de Alimentos SA, which is also controlled by BRF.

The pound has continued its recent strong run against the dollar pushing firmly above US$ 1.43. It is the seventh session in a row that the pound has made gains against the US currency. The strong run means that, among the G10 group of rich nations, the UK has the best-performing currency this year.

The controversial ‘Clause 24’ veto granted to Spain by the European Union in its Brexit negotiating guidelines reflects the “unanimous solidarity” of the remaining EU members with the Spanish position on Gibraltar, the EU’s Brexit negotiator, Michel Barnier, said in an interview.

The EU chief negotiator Michel Barnier has said the UK can reverse its position on leaving the single market and customs union up until the end of the Brexit transition period. The EU official gave Theresa May until December 31 2020 to change her mind on Britain exiting the pair as it withdraws from the EU, saying: “So long as they have not left, during the transition period, everything is still possible.”