European Union launches measures to protect its business interests in Iran

The measures proposed by the European Commission includes, blocking laws that ban EU firms to comply with U.S. sanctions law, not recognizing court ruling that enforce American penalties, start the legal process of working with Iran’s central bank and allowing EU banks to fund the projects of EU companies in Iran. On Friday, the European…

EU should revisit FTA with the U.S: head of Germany’s engineering trade body

11% of Germany’s total exports are destined for the U.S. On Monday, Carl Martin Welcker, the head of Germany’s engineering trade body stated a fresh attempt should be made at hammering out a free trade agreement between the European Union and the United States. Last month, U.S. President Donald Trump had announced a 10% tariff…

Britain’s financial services likely to gain access to EU’s market: John Phillip Glen

The EU has indicated that Britain is likely to gain access to its single market bloc following the transitional deal hammered out by negotiators from both sides. On Monday, Britain’s John Phillip Glen, stated that the European Union has indicated that it is willing to provide some form of access to Britain’s financial sector after…

Need increased clarity on Brexit in order to build electric vehicles in Britain: Jaguar Land Rover

Brexit related issues, including increased tariffs and the customs checks could have widespread ramifications across JLR’s supply chain and significantly increase it costs. The CEO of Britain’s biggest carmaker Jaguar Land Rover has disclosed it requires more clarity on Britain’s terms of exit from the European Union before it can decide whether it can produce…

A survey by the Confederation of British Industry paints a rosy picture of the country’s services sector

The results of the survey is in sharp contrast to official data released by Britain. On Monday, in sharp contrast to downbeat official data released last weak by Britain, the country’s services sector reported its first rise in profits in more than two years. According to the Confederation of British Industry, the volumes and the…

Australia welcomes Britain joining the TPP once it leaves the European Union

Australian Foreign Minister Julie Bishop made it lucidly clear that in any such deal, Australia would want to secure the rights for its citizens to work in Britain. On Monday, Julie Bishop, Australia’s Foreign Minister stated it would welcome Britain’s participation in the regional trade group, Trans-Pacific Partnership, after March 31, 2019. Earlier this year,…

Israel’s flag carrier El Al Israel Airlines Ltd to commence non-stop flights between Tel Aviv and San Francisco

With Israel being home to one of the biggest tech sectors in the world, the carrier is strategically re-branding itself and expanding its footprint in North America. On Wednesday, Israeli Airlines El Al Israel Airlines Ltd stated it will commence nonstop flights between Tel Aviv and San Francisco as it continues to expand its footprint…

Britain to reintroduce Blue and Gold passport with enhanced security features

The color combination had been identified as a key symbol of national sovereignty. On Friday, the British government said once the country leaves the European Union in March 2019, it will reintroduce its classic blue and gold passport, a key symbol of national sovereignty. As per Brandon Lewis, Britain’s immigration minister, the move is likely…