Connect with us

CNBC

Brexit trade talks extended beyond Sunday’s deadline as leaders pledge to go ‘the extra mile’

Von der Leyen spoke with British Prime Minister Boris Johnson via telephone on Sunday with both now mandating their negotiating teams to continue their work.

Published

on

British Prime Minister Boris Johnson (L) and European Commission President Ursula von der Leyen (R) meet on trade deals in Brussels, Belgium on December 09, 2020.

EU Commission / Pool/Anadolu Agency via Getty Images

LONDON — European Commission President Ursula von der Leyen said Sunday that Brexit trade talks with the U.K. will be extended beyond Sunday’s deadline, adding that “we think it is responsible at this point to go the extra mile.”

Von der Leyen spoke with British Prime Minister Boris Johnson via telephone on Sunday with both now mandating their negotiating teams to continue their work. Media reports from the U.K suggested there had been some progress on talks in recent days, despite the lack of a breakthrough.

The U.K. left the EU in January but it agreed to keep the same standards and regulations until the end of the year, so both sides would have time to develop new trading arrangements.

However, this transition period ends in less than three weeks and there are serious concerns that they will not have a new agreement ready by then.

Johnson had a working dinner with European Commission President Ursula von der Leyen on Wednesday evening in an attempt to find political solutions to three outstanding issues in the trade talks: fisheries, competition rules and arbitration over their potential new deal. Negotiators have been stuck on these three areas since early in the summer. Both leaders had agreed a Sunday deadline for the talks, which has now been extended further with no new date set.

Leaders stressed the urgency of the 11th-hour talks and the importance of reaching a deal of some sort, despite all previous negotiations failing to break the impasse. “We must do all that we can to find a good deal,” EU Council President Charles Michel said Sunday.

—CNBC’s Silvia Amaro contributed to this article.

Source: https://www.cnbc.com/2020/12/13/brexit-trade-talks-will-continue-past-sunday-deadline.html

brexit-trade-talks-extended-beyond-sunday's-deadline-as-leaders-pledge-to-go-'the-extra-mile'

CNBC

Earnings

Corporate Company Earnings, Find Earnings Per Share and Earnings History Online

Published

on

© 2021 CNBC LLC. All Rights Reserved. A Division of NBCUniversal

Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Market Data Terms of Use and Disclaimers

Data also provided by Reuters

Source: https://www.cnbc.com/earnings/

earnings

Continue Reading

CNBC

International: Top News And Analysis

CNBC International is the world leader for news on business, technology, China, trade, oil prices, the Middle East and markets.

Published

on

© 2021 CNBC LLC. All Rights Reserved. A Division of NBCUniversal

Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Market Data Terms of Use and Disclaimers

Data also provided by Reuters

Source: https://www.cnbc.com/us-top-news-and-analysis/

international:-top-news-and-analysis

Continue Reading

CNBC

Earnings

Corporate Company Earnings, Find Earnings Per Share and Earnings History Online

Published

on

© 2021 CNBC LLC. All Rights Reserved. A Division of NBCUniversal

Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Market Data Terms of Use and Disclaimers

Data also provided by Reuters

Source: https://www.cnbc.com/earnings/

earnings

Continue Reading

Title

Techcrunch4 days ago

South Korean antitrust regulator fines Google $177M for abusing market dominance – TechCrunch

The Korea Fair Trade Commission (KFTC) said on Tuesday it fined Google $177 million for abusing its market dominance in...

Cointelegraph7 days ago

El Salvador’s Bitcoin detractors: Opposition groups gather as crypto law rolls out

While President Bukele enjoys widespread popularity, his law that makes Bitcoin legal tender does not.

Ventureburn1 week ago

Startup partners with Telkom to launch translation platform for SA languages

Telkom has partnered with SA startup Enlabeler to launch an AI platform that translates speech into text and provides transcription...

Entrepreneur2 weeks ago

Why You Should Make Twitter Spaces Part of Your Business Strategy

Twitter's latest feature can help businesses grow their presence on the platform.

Bioengineer2 weeks ago

What factors put Philippine birds at risk of extinction?

Credit: Ça?an ?ekercio?lu The lush forests and more than 7,000 islands of the Philippines hold a rich diversity of life,

Reuters3 weeks ago

Chinese social media platforms to “rectify” financial self-media accounts

China's top social media platforms, Wechat, Douyin, Sina Weibo and Kuaishou, said on Saturday they would begin to rectify irregular...

Ventureburn3 weeks ago

South African startups helping to solve the global challenges

A new generation of entrepreneurs are not only incubating solid startups but are contributing to help solve some of the...

Techcrunch3 weeks ago

The SEC and the DOJ just charged this startup founder with fraud, saying he lied to Tiger and others – TechCrunch

Today, both the U.S. Department of Justice and the Securities and Exchange Commission charged Manish Lachwani, cofounder of a mobile...

Techcrunch4 weeks ago

Blockchain startup XREX gets $17M to make cross-border trade faster – TechCrunch

A substantial portion of the world’s trade is done in United States dollars, creating problems for businesses in countries with a...

ZDNET4 weeks ago

National Australia Bank keeping staff connected with Google Pixel rollout

More than 2,000 Google Pixel devices were issued to NAB's customer contact teams to enable them to support customers remotely.

Review

    Select language

    Trending