Brexit transition would not be way to remain — Hammond and Fox
13 August, 2017, 18:35 | Author: Brenda Erickson
Brussels has refused to start talks on a post-Brexit relationship with London until the immediate issues of Britain's withdrawal، including its "divorce bill،" have been settled.
Britain needs a transition period to soften its exit from the European Union, but it can not be used to stop Brexit, two senior ministers said on Saturday, signalling a truce between rival factions in Prime Minister Theresa May's cabinet.
United Kingdom government is to publish a series of Brexit strategy papers starting from this week، ahead of a third round of talks between London and Brussels at the end of August، Alliance News Agency reported.
A source close to Mr Davis said the papers would highlight the British teams were "on the front foot" in the negotiations.
Bruno Maçães, who was his country's EU minister between July 2013 and November 2015, rubbished claims the effect of Britain quitting the European Union would be "negligible" for remaining members of the bloc.
The decision to announce the publication of papers on its plans indicates Britain's desire to counter criticism from Brussels about its approach to the talks.
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He said rescue effects in flood and landslides-affected districts and places were hindered by adverse weather conditions. The latest casualties bring the death toll from this year's monsoon season to more than 100, government records show.
It added that businesses should be assured there would be no "cliff edge" despite fears expressed that the UK could crash out of the EU without reaching a deal, which would see UK-EU relations revert to World Trade Organisation rules.
Among the details is one covering the hard issue of the border between Northern Ireland and the Republic of Ireland once Britain leaves the EU. The Brexit department declined to comment on the story.
Free movement for Irish citizens in and out of Britain is expected to continue after Brexit, with the establishment of a Schengen-style area between Ireland and Britain created to resolve the border problem.
During their second round of talks held in July, the European Union and UK Brexit teams failed to reach an agreement on 22 of the 44 issues under negotiation. The first of these will set out proposals for a new customs agreement, it said.
UK Chancellor of the Exchequer Philip Hammond and Secretary of State for International Trade Liam Fox wrote in a joint article for The Telegraph newspaper, that London would not be side to the European Union treaties for Brexit transition period.
The latest sell-off was the most severe yet, amounting to the biggest single-day drop for the stock market in almost three months. Major U.S. indices had posted record highs in recent weeks. "Markets are looking for any reason at all for a reset.
Several Twitter users have over the last 24 hours reported Trump's tweet, which threatened violence against North Korea. Saturday that Trump spoke with Chinese President Xi Jinping about the upcoming memo during a phone call Friday.
George Stephanopoulos asked him if he would have okayed that statement if he was still the White House Communications Director. The president has a very good idea of the people that are undermining his agenda that are serving their own interests.
Quite surprisingly, Apple employees were split nearly evenly with 51 to 49 employees favouring Google's decision to fire Damore . In a recent Blind survey , majority of the employees from these firms voted against Google's decision to fire Damore .
Investors also drew some encouragement from government data showing US inflation at the consumer level only inched higher in July. The reclusive state raised the stakes further with a detailed plan to send a salvo of missiles towards the USA territory of Guam.
But some economists say the Fed may stand pat for the rest of 2017 unless inflation accelerates in coming months. Brent crude, used to price worldwide oils, rose 20 cents to $52.10 a barrel in London .
The local currency was trading at 1,135.20 won against the USA dollar, down 10.10 won from the previous session's close. The Dow Jones industrial average lost 0.15 percent, with the tech-heavy Nasdaq composite index declining 0.21 percent.
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Ambassador Nikki Haley "has [gained] diplomatic traction" and "is gaining diplomatic results", according to the BBC. The North was responding to Trump's threat in a statement from its military carried by state-run news agency KCNA.
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While the UK's FTSE 100 Index slid by 0.6%, the German DAX Index slumped by 1.1% and the French CAC 40 Index tumbled by 1.4%. Crude futures meanwhile extended losses on fears of slowing demand and lingering concerns over global oversupply.
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Dow plummets 205pts as Trump inflames Korea tension
Retailers slid after department stores Macy's and Kohl's both said same-store sales continued to decline in the second quarter. Investors are increasingly nervous: The VIX volatility index, a closely-watched "fear gauge", is up 70% since Tuesday.