German Chancellor Angela Merkel told Britons on Thursday not to delude themselves that they would continue to enjoy EU rights after Brexit and insisted the bloc would only agree on future ties with London after they have nailed down a deal to leave. Striking a firm tone in a speech to the Bundestag lower house of parliament before a weekend summit on Brexit, Merkel also said talks on Britain’s financial obligations to the EU would have to be addressed early on in the talks. “A third ...
Preliminary results for Sunday’s French president runoff election set up a stark choice on May 7 between finalist presidential candidates Marine Le Pen’s isolationism and protectionism and Emmanuel Macron’s focus on innovation, entrepreneurship and globalism. As Macron himself said on Sunday, "The French have expressed their desire for change. We're clearly turning a page in French history." Macron represents the politics of hope over fear. He understands that trade and immigra...
The department of Canadian Heritage expressed concern about the impact Google’s operating system is having on small technology companies, and suggested the reason why the Competition Bureau dropped its antitrust investigation is because Android isn’t on enough mobile phones to warrant a probe. According to a memo prepared last June by Heritage’s broadcasting and digital communications branch, and obtained by the Financial Post through an access to information request,...
(LONDON) — The British parliament was expected on Wednesday to formally approve Prime Minister Theresa May’s plan to hold an early election on June 8 she hopes will deliver a stronger personal mandate as she embarks on Brexit talks. May, who took over as prime minister without an election in the political turmoil that followed Britain’s vote to leave the European Union last June, made the surprise announcement on Tuesday that she wanted to hold a snap election. The main oppos...
Facebook’s European regulator said it hoped to reach a deal in the coming months with the U.S. company to allow it to use data gleaned from the WhatsApp messaging service it acquired in 2014. The European Union’s 28 data protection authorities last year requested that WhatsApp stop sharing users’ data with Facebook due to questions over the validity of users’ consent. Ireland’s Data Protection Commissioner Helen Dixon, the lead EU regulator on privacy issues for Fac...
Bank of England Governor Mark Carney urged banks to get contingency plans in place for all potential Brexit outcomes, as the two-year countdown to the U.K.’s departure begins. In a speech in London, Carney said the transition poses a risk to financial stability and warned that if it leads to reduced cooperation on regulation and other issues, this will have a negative impact on the economy and jobs. Describing better international coordination on regulation as taking the “high road,&...
The European Commission cleared Rupert Murdoch to take over pay-TV group Sky on Friday, leaving a British investigation into the impact on the country’s media landscape as the only remaining hurdle for the $14.5 billion deal. The Commission said the bid did not raise any competition concerns as Murdoch’s Twenty-First Century Fox fox and Sky were active in different markets in Europe, while existing rules in European Union countries meant that r...
China National Chemical Corp. won European Union antitrust approval for its C$57 billion takeover of Swiss pesticide maker Syngenta AG, a day after the U.S. gave its blessing, bringing China’s largest foreign acquisition closer to the finish line. ChemChina’s offer to divest some pesticides and other agricultural products will remove “problematic overlaps” and allow the EU to clear the deal, the European Commission said in an emailed statement. EU Competition Commissioner...
Like so many countries in the developed world, the U.K. is on a crusade to close its nagging gender pay gap. Between male and female full-time employees last year, the gulf was 9.4%--down from 17.4% in 1997. For all employees, the gap was 18.1% in 2016, down from 27.5% nearly two decades prior. Even at the current rate of progress, one study predicts it take until 2069 for men and women to reach pay parity. On her first day in office, Prime Minister Theresa May included the lingering pay discre...
It’s official: Britain is done with Europe. Prime Minister Theresa May has formally triggered the process for withdrawing from the European Union, ensuring that the United Kingdom, one of the largest and most prosperous countries in the EU, will soon leave the 28-member bloc. While the process could drag on for two years or more, the Brexit decision serves as a historic and stinging rebuke to proponents of a unified Europe. Perhaps more importantly, it calls into question the very future...
No party in British talks to leave the European Union is interested in using security issues as a bargaining chip, EU Council President Donald Tusk said on Friday, after Britain warned of weaker cooperation if no deal is struck. "No one is interested in using security as a bargaining chip," Tusk told reporters in Brussels. He added that he did not see comments by British officials questioning future security cooperation as a threat. "It must be a misunderstanding," Tusk said. "Our partners are d...
(BRUSSELS) — The European Union softened its line on Britain’s exit from the bloc Friday, with Council President Donald Tusk signaling some flexibility on allowing talks on a new relationship before the divorce proceedings are complete. In the draft guidelines obtained by the Associated Press, it says that the EU and Britain must first “settle the disentanglement” of Britain from the EU but added that “an overall understanding on the framework for the future rela...
The man tipped to be the next President of France has few possessions in his office in Paris’s 15th district: Under the bare walls, a handful of photos and mementos, and a watercolor sketch of his wife sit propped on a bookshelf, while other books lie stacked on the carpet. The modest suite, in a drab building in an unfashionable part of town, is temporary digs for Emmanuel Macron, the country’s former Economy Minister, who, at 39, has become a game-changing phenomenon in the count...
Britain has officially filed for divorce from the European Union, but Canadian companies with a footprint in the U.K. still face a lengthy period of uncertainty as the details of the split are sorted out. U.K. Prime Minister Theresa May triggered the Brexit process on Wednesday with a letter to EU Council President Donald Tusk, which stressed that Britons want to remain “committed partners and allies to our friends across the continent.” The six-page letter, which invoked Article 50 ...
A little more than nine months after British voters chose to break with the European Union, the United Kingdom made the decisive – and likely irreversible – move toward leaving a partnership that has bound Britain to the continent for nearly a half century. With the simple handoff of a letter in Brussels early Wednesday afternoon, the British government has become the first country to ever trigger Article 50 – the mechanism by which nations can exit the European Union. The move...
(LONDON) — Britain is set to formally file for divorce from the European Union, ending a 44-year relationship following the decision made by U.K. voters in a referendum nine months ago. Prime Minister Theresa May is due to announce in the House of Commons Wednesday afternoon that she has invoked Article 50 of the E.U.’s key treaty, triggering a two-year countdown to Britain’s exit. At the same time, Britain’s E.U. envoy, Tim Barrow, will hand-deliver a letter from May t...
In normal times, French presidential races are so predictable that many people snooze through months of the campaign, then snap awake in the final days to pick one of the various recycled politicians on offer. But these are not normal times. For months the major candidates in France have been mired in financial scandals, judicial probes, and back-stabbing plots in a gloves-off fight to move into the -?lys?e Palace. Out front, astonishingly, are former Rothschild banker Emmanuel Macron, in his fi...
(ROME) — European Union leaders marked the 60th anniversary of their founding treaty on Saturday as a turning point in their history in the knowledge that Britain will officially trigger divorce proceedings from the bloc next week. Desperately trying to portray that sustained unity is the only way ahead in a globalized world, the no-show of British Prime Minister Theresa May was a symbol of the cathartic crisis the 27 other EU nations are going through. European Commission President Jea...
EU antitrust chief Margrethe Vestager said on Wednesday she was reviewing Facebook’s response to charges the U.S. social network provided misleading information during its bid for messaging service WhatsApp which may result in a hefty fine for the company. The European Commission in December last year said Facebook’s statements during the regulator’s scrutiny of the $22 billion deal in 2014 were incorrect when it said that it was unable reliably to match the two companies’...
(SAO PAULO/BEIJING) -- China and the European Union curtailed meat imports from Brazil on Monday after police, in an anti-corruption probe criticized by the government as alarmist, accused inspectors in the world’s biggest exporter of beef and poultry of taking bribes to allow sales of rotten and salmonella-tainted meats. As the scandal deepened, Brazil’s Agriculture Minister Blairo Maggi said the government had suspended exports from 21 meat processing units. But he also criticized ...