Brexit News Archive: 25 Jul 2017

US working on 'major trade deal' with UK: Trump

US President Donald Trump has praised the ongoing work on a post-Brexit trade deal with Britain while slamming the European Union's trade relationship with the United States.
Iran News   |   Tue, 25 Jul 2017 17:14:00

Brexit weekly briefing: Fox's trade narrative derailed by chlorinated chicken

Some progress was seemingly made in preparatory talks in Brussels, while in Washington Liam Fox hoped to bring good news of a US-UK trade deal Welcome to the Guardian's weekly Brexit briefing, a summary of developments as the UK heads to the EU door marked "exit". If you would like ...
Peter Walker / Guardian   |   Tue, 25 Jul 2017 15:54:51

BMW to build new electric Mini in the U.K. despite Brexit worries

Uncertainty over Brexit hasn't stopped BMW from choosing to build its new electric Mini in the United Kingdom.
CNN   |   Tue, 25 Jul 2017 15:37:55

Trump praises work on British trade deal, says EU 'protectionist'

U.S. President Donald Trump on Tuesday praised ongoing work on a post-Brexit trade deal with Britain while sharply criticizing the European Union's trade relationship with the United States.
CNBC   |   Tue, 25 Jul 2017 14:55:00

BMW pledges to build new e-Mini at UK car plant

Decision to build new electric model at Cowley eases fears that German carmaker would shift production outside UK after Brexit A fully electric version of the Mini is to be built in the UK, giving a huge boost to the British car industry. The move ends worries the new model ...
Staff and agencies / Guardian   |   Tue, 25 Jul 2017 13:14:23

'Very big and exciting': Trump said the US and Britain are working on a post-Brexit trade deal

LONDON - US President Donald Trump reiterated his desire to do a trade deal with the United Kingdom shortly after it leaves the European Union, calling the bloc "very protectionist with the U.S" in a tweet sent on Tuesday afternoon. "Working on major Trade Deal with the United Kingdom. Could ...
Business Insider   |   Tue, 25 Jul 2017 12:57:04

Voters want no more 'kerfuffle' over Tory leader, says Johnson

On trip to New Zealand, foreign secretary plays down Conservative infighting and says UK not seeking to keep Kiwis out Boris Johnson has said voters want no more "political kerfuffle" about leadership challenges, insisting Theresa May was still best placed to deliver Brexit. On a visit to New Zealand, the ...
Jessica Elgot Political reporter / Guardian   |   Tue, 25 Jul 2017 12:54:15

Trump Praises Work on U.K Trade Deal, says EU 'Protectionist'

U.S. President Donald Trump on Tuesday praised ongoing work on a post-Brexit trade deal with Britain while criticizing the European Union's trade relationship with the United States, although he provided no other details. "Working on major Trade Deal with the United Kingdom. Could be very big & exciting. JOBS! The ...
OANDA   |   Tue, 25 Jul 2017 12:44:32

BMW to make electric Mini in UK

Company had warned it would manufacture overseas because of Brexit uncertainty
FT   |   Tue, 25 Jul 2017 12:30:17

Amazon's Brexit optimism amid UK expansion

Amazon is doubling the number of research and development (R&D) specialists it is looking to recruit in London, saying it is "very optimistic" Brexit will not hamper access to talent.
Sky   |   Tue, 25 Jul 2017 11:38:00

Amazon has no problem hiring in UK despite Brexit uncertainties

LONDON (Reuters) - Amazon has had no problem hiring staff in Britain and plans an extra 450 high tech jobs, its UK boss said, despite the uncertain status of non-British European Union nationals.
Embargo Zone   |   Tue, 25 Jul 2017 11:18:37

Japan's Mizuho chooses Frankfurt for post-Brexit EU hub

Japan's Mizuho Financial Group said it would set up a subsidiary in Frankfurt, the latest Japanese bank to choose the German city as its new base in the European Union as Britain prepares to leave the bloc.
IFR   |   Tue, 25 Jul 2017 10:43:00

There's only one woman on the UK Brexit negotiating team - here's why that matters

Shutterstock It has emerged that the team being sent to Brussels to lead on talks to take Britain out of the EU includes just one woman - out of nine named negotiators. This imbalance is not only embarrassing. It's negligent. Failing to include women on the frontline of this incredibly ...
Charlotte O'Brien, Senior Lecturer in Law, University of York / The Conversation   |   Tue, 25 Jul 2017 07:49:51

Japan's Mizuho joins rival banks eyeing Frankfurt as post-Brexit hub

FT   |   Tue, 25 Jul 2017 04:58:33

Deutsche Bank could shift bulk of assets, trading to Frankfurt: source

CEO says he is girding for a hard Brexit, with the 'vast majority' of trades currently booked in London probably moving to Germany
WILLIAM CANNY and STEVEN ARONS / Globe and Mail   |   Mon, 24 Jul 2017 21:27:32

CNN Cites Anonymous Sources Who Declare Rex Tillerson is Thinking About Resigning from Secretary of State

Content originally published at They're adorably dubbing this one a 'REXIT', an obvious play on words to commingle one of their bitter defeats (BREXIT) with a potential massive windfall for team CNN: A Rex Tillerson resignation inside the first year working for President Trump. CNN Fake News Reports. Tillerson ...
Zero Hedge   |   Mon, 24 Jul 2017 18:58:52

Post-Brexit U.S.-Britain trade deal to be reached no time soon

Britain and the United States here on Monday kicked off their first round of talks on a potential bilateral trade deal in the post-Brexit era, but British trade officials and experts didn't expect such a deal to be reached anytime soon. ...
People's Daily   |   Mon, 24 Jul 2017 12:21:41

The post-Brexit US trade deal promised by Theresa May could expose British firms to 'predatory' takeovers from cash-rich American competitors

LONDON - Rushing into a "politically attractive" trade deal with the US risks exposing British firms to hostile takeovers from cash-rich, cash-rich American firms. That is according to Adam Marshall, the influential director general of the British Chambers of Commerce, a lobby group which represents 92,000 UK businesses. Writing in ...
Business Insider   |   Mon, 24 Jul 2017 09:02:31

IMF Downgrades UK GDP Growth To 1.7% On Brexit Uncertainty

The IMF has downgraded Britain's GDP growth prospects, the reason being the uncertainty over what the Brexit deal will be, not the fact of Brexit itself.
Tim Worstall, Contributor / Forbes   |   Mon, 24 Jul 2017 08:45:00

U.K., U.S. launch talks on post-Brexit trade deal

Seeking Alpha   |   Mon, 24 Jul 2017 08:32:41

IMF lowers UK GDP forecast amid Brexit uncertainty

Britain suffers biggest downgrade for advanced economy in latest forecasts by fund
FT   |   Mon, 24 Jul 2017 07:50:34

WSJ City: IMF Cuts UK Growth Forecast, Markets Risk No Brexit Deal Shock, Wall Street Loses on Banker Pay

Good morning from the WSJ City desks in London. Be the first with high-value stories. Download WSJ City for on your mobile and let us keep you in the loop from 6am. The WSJ City app. Upwardly mobile. iPhone and Android. Your friends and colleagues can sign up to this ...
MoneyBeat   |   Mon, 24 Jul 2017 07:11:52

IMF cuts growth forecast for UK economy amid Brexit uncertainties

Britain suffers biggest downgrade for an advanced country in latest forecasts by fund
FT   |   Mon, 24 Jul 2017 07:10:57

IMF cuts UK growth forecasts, but eurozone recovery continues - business live

All the day's economic and financial news, including a new healthcheck on Europe's factories and service companies IMF cuts UK growth forecast to 1.7% this year Treasury insists 'fundamentals are strong' Eurozone growth forecasts raised Fund fears Brexit could hurt global recovery 7.59am BST The IMF has also cut its ...
Graeme Wearden / Guardian   |   Mon, 24 Jul 2017 06:59:10