Just before the Brexit deal officially takes effect, the UK secures its 62nd agreement by signing a continuity and free trade agreement that will strengthen its ties with Turkey, yet another European outlier. Turkey's deal had become the fifth-biggest free trade agreement the UK had negotiated before the Brexit transition ended. It marked the 62nd agreement that Britain … [Read more...] about UK Locks 62nd Post-Brexit Deal, Signs a Free Trade Agreement with Turkey
Economy
China-EU Signs Comprehensive Investment Deal to Revitalize Global Markets
After seven years of negotiation, Chinese President Xi Jinping, European Commission president Ursula von der Leyen, and 2021 EU president and German Chancellor Angela Merkel finally completed the negotiations for the Comprehensive Agreement on Investment (CAI), which Valdis Dombrovskis, EU trade commissioner, calls "the most ambitious [trade deal] that China has ever agreed … [Read more...] about China-EU Signs Comprehensive Investment Deal to Revitalize Global Markets
Post-Brexit UK Economy Faces New Hurdles, Lower Growth Rate than Previous Forecast
Even with a post-Brexit trade deal, the UK may continue to face new problems, leading to economic growth less stellar than the prior forecast. A warning set by one of the UK’s major economic thinktanks, the Resolution Foundation. The Resolution Foundation said that the national lockdown and tier 4 restrictions in both Scotland and Wales would lead to depressed economic … [Read more...] about Post-Brexit UK Economy Faces New Hurdles, Lower Growth Rate than Previous Forecast
EU Commission Proposes Creation of Brexit Adjustment Reserve
As the Brexit transition period ends on December 31st, the European Commission, upon the European Council's approval, prepares by putting forth a proposal to create a Brexit Adjustment Reserve. "The end of the transition period on December 31st will have an important economic and social impact on regions and local communities that are mostly linked to the UK's economy and … [Read more...] about EU Commission Proposes Creation of Brexit Adjustment Reserve
Top UK Firms Face Calls for Transparency of Boards Pay
Shareholder advisers and high pay campaigners demand transparency as some board members of the UK's largest listed financial firms were revealed to have received a near-80% pay raise since 2009. Reports revealed that the three top-earning non-executive directors (NEDs) from among the 17 FTSE 100's financial firms rose by 79%. It was initially at £90,700 in 2009, before it … [Read more...] about Top UK Firms Face Calls for Transparency of Boards Pay