Britain should not submit to the European Union’s financial services rules just to get better access to the bloc’s market after Brexit, Bank of England Governor Andrew Bailey said on Wednesday. European daily share trading worth 6 billion euros ($7.36 billion) left the City of London for the continent […]

  Some EU specialist online retailers have said they will no longer deliver to the UK because of tax changes which came into force on 1 January. Bicycle part firm Dutch Bike Bits said from now on, it would ship to every country in the world except the UK. “We […]

  A new era has begun for the United Kingdom after it completed its formal separation from the European Union. The UK stopped following EU rules at 23:00 GMT, as replacement arrangements for travel, trade, immigration and security co-operation came into force. Boris Johnson said the UK had “freedom in […]

  The European Union won’t weaken merger rules during the COVID-19 pandemic even if companies say they are likely to go bust without a deal, a senior EU antitrust official said on Wednesday. European Commission Director General for Competition Olivier Guersent said he expected more companies to use the “failing […]

  Fifteen Asia-Pacific economies formed the world’s largest free trade bloc on Sunday, a China-backed deal that excludes the United States, which had left a rival Asia-Pacific grouping under President Donald Trump. The signing of the Regional Comprehensive Economic Partnership (RCEP) at a regional summit in Hanoi, is a further […]

  Joe Biden’s projected win of the U.S. presidency and the Republican Party potentially retaining control of the U.S. Senate could drive a pickup in mergers and acquisitions (M&A) that took a hit amid the COVID-19 pandemic, dealmakers said. Bankers and lawyers who advise companies on M&A said the outcome, […]

  Britain will on Thursday chide the “pernicious” trade practices of the United States and Europe, even as it tries to pin down deals with its most important allies in a post-Brexit drive to reinvent itself as a free trading nation. The COVID-19 pandemic has wrought havoc on global supply […]

  The European Union and Britain are engaging intensively to clinch a deal on their future relationship, before a transition period ends on Dec. 31, the European Commission said on Tuesday. “Both sides are engaging intensively to reach a deal,” a Commission spokesman told a regular press briefing, without commenting […]

  The U.K.’s fintech bridges initiative, a series of bilateral agreements with five APAC countries designed to help young companies enter new markets, could strengthen the country’s hand in shaping global fintech regulation after the Brexit transition period ends, according to industry observers. Britain currently has fintech bridges with Hong […]

  French President Emmanuel Macron and other EU leaders will insist on tough enforcement rules for any trade deal with Britain, warning that Prime Minister Boris Johnson’s bid to override the Brexit treaty has shown Britain’s word cannot be trusted, the Financial Times reported. EU diplomats said leaders at a […]