Morocco, Israel Start ‘Great Light of Peace’
Israel and Morocco agreed Thursday to normalize relations in a U.S. brokered accord that Israel’s prime minister described as “another great light of peace.”
Trade
EU Reaches Deal On 1.8 Trillion Stimulus
European Union leaders agreed on a 1.8 trillion euro ($2.2 trillion) stimulus package after Hungary and Poland withdrew their veto. Both EU member states threatened to torpedo funds if payments were tied to rule-of-laws standards.
Son of ‘President-Elect’ Biden Probed Over Tax Dealings
Pressure mounted Wednesday on Joe Biden, who claimed victory in the U.S. presidential election, as his son is being investigated for possible tax evasion.
Facebook hit with blockbuster antitrust lawsuits by FTC, 46 states
Facebook got slapped with a pair of blockbuster antitrust lawsuits on Wednesday, as government officials accused the Silicon Valley giant of systematically acquiring smaller rivals in order to prevent them from becoming competitive threats.
EU Trade Talks Face ‘Moment of Finality’ on Weekend, UK Says
Britain’s foreign minister said Thursday that negotiations on a trade deal with the European Union will reach a “moment of finality” this weekend, with both sides assessing chances of an agreement as slim.
UK, Canada Sign Trade Agreement
The United Kingdom on Wednesday signed a trade agreement with Canada, days before the end of the Brexit transition period, removing the risk of an estimated £42 million ($56.15 million) tariff burden on UK exports.
UN Chief urges Iran to stop violating nuclear deal
The Secretary-General of the United Nations is trying to persuade Iran to resume its obligations under the 2015 Joint Comprehensive Plan of Action (JCPOA) nuclear arms deal, the Times of Israel reports. In a report to the Security Council published Tuesday, Antonio Guterres called on Iran to address concerns about its decision last year to begin, among other violations, the enrichment of uranium beyond the agreed limits.
Brexit negotiations at a stalemate as Britain, EU free-trade deal teetering on collapse
Britain and the European Union warned Tuesday that talks on a post-Brexit free-trade deal are teetering on the brink of collapse, with just over three weeks until an economic rupture that will cause upheaval for businesses on both sides of the English Channel.
Red alert: Chinese boast of operatives ‘inside America’s core circle of power’
China influenced American policies for decades through a covert network of “old friends” — sympathizers and agents — who had penetrated the highest levels of the U.S. government and financial institutions before the Trump administration, according to an academic linked to the Chinese government.
EU, Britain Deadlocked Over Trade After Divorce
After Britain’s exit from the European Union, or Brexit, the two sides now face deadlock over an important trade deal. British Prime Minister Boris Johnson and the European Commission President Ursula von der Leyen instructed representatives to secure their annual $1 trillion in trade.
UK, EU resume face-to-face trade talks with time running out
Teams from Britain and the European Union resumed face-to-face talks on a post-Brexit trade deal Saturday, with both sides sounding gloomy about striking an agreement in the little time that remains.
Brexit: Next days ‘decisive’ for hopes of deal, says EU’s Ursula von der Leyen
The coming days in the Brexit negotiations will be “decisive” as to whether Britain and the EU are able to agree on a free trade deal, European Commission president Ursula von der Leyen said on Wednesday.
Britain signs interim trade deal with Canada amid continued negotiations with EU
While still trying to reach a post-Brexit trade deal with the European Union, the United Kingdom has been able to agree to an interim trade deal with Canada, Fox News reports. The agreement offers a source of business security for Britain, which must reach an agreement with the EU by the end of the post-Brexit transition period on 31 December or move instead into World Trade Organization terms with the European trading bloc.
ASEAN, China, other partners sign world’s biggest trade pact
China and 14 other countries agreed Sunday to set up the world’s largest trading bloc, encompassing nearly a third of all economic activity, in a deal many in Asia are hoping will help hasten a recovery from the shocks of the pandemic.
Brexit: Trade deal ‘may not succeed’ before year end
The U.K.’s chief Brexit negotiator said Sunday before renewed talks that a trade deal with the European Union may not succeed, but he was still hopeful of a resolution.
China ‘Congratulates’ Biden On U.S. ‘Election Victory’
China on Friday “congratulated” Joe Biden with his claimed victory in the November 3 presidential elections, despite ongoing White House investigations into reported voter fraud.
Post-Brexit trade deal: UK and EU resume grid-locked negotiations
Stalled post-Brexit trade deal talks have resumed once again as British and European Union negotiators convened in London Monday, the Washington Times reports. Recent talks in Brussels left the two sides still far apart on the way forward following the UK’s official departure from the EU trading bloc in January. The parties have until December 31 to agree a trade deal before the post-Brexit transition period comes to an end. Hundreds of thousands of jobs on both sides may be lost in the event of a “no-deal Brexit.”
Brexit: Deadline looms but still no trade deal between EU and UK
As the UK veers towards the January 1 deadline for agreeing on a post-Brexit trade deal with the European Union, the EU’s chief negotiator said London was to blame for the two parties’ failure to reach even a basic agreement so far, the Washington Examiner reported Wednesday. Hundreds of thousands of jobs may be lost on both sides if no deal is agreed within the year-long transition period triggered when Britain officially left the EU trading bloc in January.
Japan, Britain sign free trade deal for post-Brexit era
Japan and Britain signed a bilateral free trade deal Friday in the the first such major post-Brexit deal, reducing tariffs on Yorkshire lamb sold in Japan, as well as auto parts for Japan’s Nissan plant.
US Condemns Iran For Flogging Christian Convert
The U.S. State Department has condemned Iran’s reported flogging of a former Muslim-turned-Christian for drinking Communion wine.