BERLIN, July 19- German Chancellor Angela Merkel said on Friday that if Brexit negotiations found a solution for the Irish border issue in the declaration on future ties between Britain and the European Union, the so-called backstop would effectively be overwritten. The backstop, which is contested by leading British politicians who want it changed or...
BRASILIA, July 18- Deforestation in Brazil's Amazon rainforest accelerated in the first half of July, outstripping the full month last year and raising red flags for a regional trade deal with the European Union. Last month, the South American bloc Mercosur, which includes Brazil, reached a free trade deal with the European Union that includes environmental...
*UK lawmakers back plan to make no-deal Brexit more difficult. LONDON, July 18- The British pound rebounded on Thursday after stronger-than-expected retail sales numbers and as the currency found some support from a vote by lawmakers to make it harder for the next prime minister to try to force a no-deal Brexit. Boris Johnson, the favourite to succeed Prime...
*UK is Ryanair's largest market. DUBLIN, July 17- Ryanair's British pilot union is to ballot members on possible strike action in coming weeks in a dispute over working conditions, the British Airline Pilots Association announced on Wednesday. But since then it has signed collective labour agreements with a number of pilot unions throughout Europe.
LONDON, July 17- Sterling fell below $1.24 on Wednesday, levels not plumbed for more than two years, as investors continued to price the growing risk of Britain's crashing out of the European Union without a transition agreement in place. With economic data also showing the UK economy struggling, putting more pressure on the Bank of England to ease monetary...
LONDON, July 17- Sterling fell below $1.24 to a more than two-year low on Wednesday as markets continued to price in the growing risk of Britain crashing out of the European Union without a transition arrangement in place. With economic data also showing the UK economy struggling to gain traction, heaping more pressure on the Bank of England to ease monetary...
LONDON, July 16- Sterling plunged briefly below $1.24 for the first time in 27 months on Tuesday and also hit six-month troughs against the euro as the two candidates to be Britain's next prime minister vied to outgun each other on taking a harder Brexit stance. Their positions appear to be leading markets to price a sharply higher risk of Britain leaving the...
LONDON, July 16- Sterling plunged briefly below $1.24 for the first time in 27 months on Tuesday and also hit six-month troughs against the euro as the two candidates to be Britain's next prime minister vied to outgun each other on taking a harder Brexit stance. Their positions appear to be leading markets to price a sharply higher risk of Britain leaving the...
*EU to refuse if new UK PM asks to change divorce terms. BRUSSELS/ LONDON, July 16- The European Union is bracing for either a no-deal Brexit or another delay if Boris Johnson becomes Britain's prime minister next week with a pledge to renegotiate a deal the bloc says it will not reopen. Such is the concern about the likely impact on the $18.7 trillion EU economy that...
July 16- Ryanair has slashed its growth plans for next summer, blaming delays in deliveries of Boeing's grounded 737 MAX jet, lifting the shares of rival airlines which had feared a surge in new planes would hit ticket prices. Europe's largest budget airline, which has firm orders for 135 of the 737 MAX, is one of Boeing's biggest customers for the plane.
July 16- Europe's largest budget carrier Ryanair has cut its forecast for growth in traveller numbers next summer due to the possibility of further delays in deliveries of Boeing 737 MAX planes. "Boeing is hoping that a certification package will be submitted to regulators by September with a return to service shortly thereafter," Ryanair Chief Executive...
LONDON, July 15- Falling interest rates have fueled a fresh borrowing bonanza in the first quarter of 2019 with emerging market debt soaring to record highs and the global debt stock bulging by $3 trillion, an Institute of International Finance report showed. Debt-to-GDP ratios had risen at the fastest pace in Chile, Korea, Brazil, South Africa, Pakistan and China...
WASHINGTON, July 12- The U.S. President Donald Trump on Wednesday ordered an investigation into the tax, which could lead to the United States imposing new tariffs or other trade restrictions. On Thursday, the French Senate approved the 3% levy that will apply to revenue from digital services earned in France by firms with more than 25 million euros in French...
DUBLIN, July 12- Ireland must be careful not to bow to beef farmers' wishes to thwart an EU-Mercosur free trade deal only to prejudice access to more important markets, the prime minister warned on Friday. Ireland's parliament wants Prime Minister Leo Varadkar's government to lead opposition inside the European Union to the draft deal Brussels struck two weeks...
PARIS, July 11- France's Senate gave final approval to a tax on big technology companies on Thursday, potentially opening up a new front in a trade row between Washington and the European Union. The 3% levy will apply to revenue from digital services earned in France by firms with more than 25 million euros in French revenue and 750 million euros worldwide.
PARIS, July 11- France's Senate on Thursday gave final approval to a tax on big technology companies, potentially opening a new front in a trade row between Washington and the European Union. The 3% levy will apply to revenue from digital services earned in France by firms with over 25 million euros in French revenue and 750 million euros worldwide.
PARIS, July 11- France's Senate on Thursday approved a tax on big technology companies, potentially opening a new front in a trade row between Washington and the European Union. The tax will apply a 3% levy on revenue from digital services earned in France by firms with over 25 million euros in French revenue and 750 million euros worldwide. France pushed ahead...
DUBLIN, July 11- Ireland's finance minister on Thursday approved a request from the central bank to activate a so-called systemic risk buffer that would allow it to impose additional capital requirements on banks in the future to further protect the economy. The central bank said in May that, for Ireland, the aim would be to add resilience against "tail risks"-...
DUBLIN, July 11- Ireland's debt agency raised 1 billion euros in a dual bond sale on Thursday, increasing its total issuance of benchmark bonds since the start of the year to 11.25 billion euros. The National Treasury Management Agency said it sold 600 million euros of 2029 bonds at a yield of 0.136 percent, with demand 2.5 times supply. The agency has set a target to...
PARIS, July 11- France hit back on Thursday against U.S. plans to investigate a planned tax on big digital companies, saying it was free to decide how it applies taxes as a sovereign country. France pushed ahead with the tax after EU countries failed to agree a levy across the bloc in the face of opposition from Ireland and some Nordic countries.
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