European Commission President Ursula von der Leyen and European Council President Charles Michel take part in the Online G7 Summit in Brussels, Belgium, on Friday . Reuters
The British pound rose on Tuesday as opposition parties vowed to try and pass a law to prevent a no-deal Brexit at the end of October, encouraging traders to buy sterling even though most fear the country is headed for a disorderly exit from the EU.
Britain will prioritise trying to save jobs over tax rises while the COVID-19 pandemic batters the economy, though record borrowing and a $2.6 trillion debt pile cannot be sustained for ever, Chancellor of the Exchequer (Finance Minister) Rishi Sunak said on Tuesday.
The prime minister of Britain and the chief of the European Union told their chief negotiators on Saturday to get back together and push “intensively” to strike a post-Brexit trade deal before time runs out in a matter of weeks.
Britain unveiled a 30 billion-pound ($39 billion) stimulus plan to help the economy as it faces the risk of a coronavirus recession, hours after the Bank of England (BoE) slashed interest rates in a double-barrelled response to the crisis.
Good news on the economy is still bad news for Wall Street, and stocks are falling Friday on worries a still-strong US jobs market may actually make a recession more likely.
The third edition of the Future Food Forum, concluded on Thursday highlighting the need for redefining regulations, consumer trends, crisis management and innovation
Mohamed Helal Al Mheiri, Director General of the Abu Dhabi Chamber, received a high-level delegation from the Chinese company Jiangsu Overseas Cooperation and Investment (JOCIC) at the Chamber’s tower in Abu Dhabi.