Skip to content
Search AI Powered

Latest Stories

Brexit gets a 'Sunday ultimatum' to save talks

BRITISH prime minister Boris Johnson and European Commission president Ursula von der Leyen gave themselves until Sunday(13) to decide on the future of post-Brexit negotiations, after a three-hour dinner left the two sides "far apart".

Johnson came to Brussels on Wednesday(9) in a last gasp effort to salvage trade talks that are teetering towards failure and the two leaders agreed that their negotiators should attempt one last push to bridge the divide.


"We had a lively and interesting discussion on the state of play across the list of outstanding issues," Von der Leyen said in a statement after the dinner at her Brussels' headquarters.

"We gained a clear understanding of each other's positions. They remain far apart," she added.

A senior UK source said the talks were "frank" and that it remained unclear whether the "very large gaps" between the two sides can be bridged.

The leaders agreed to further discussions by their negotiating teams "over the next few days" and that a "firm decision" should be taken by Sunday, the UK source said.

EU negotiator Michel Barnier and his UK counterpart David Frost have narrowed the gaps over eight months but London insists it will reclaim full sovereignty at the end of the year after half-a-century of close economic integration.

European sources said the two men and their teams would return to the talks on Thursday(10) morning, just ahead of a summit of the EU's national leaders that will once again be clouded by doubts over cross-Channel ties.

The prime minister had jetted over to the city where he made his name as an EU-bashing newspaper reporter and met Von der Leyen in the Berlaymont, headquarters of the EU Commission.

After posing for press pictures, they headed in for a meeting that was treated as the almost-final chance of a breakthrough before Britain leaves the EU single market at the end of the year.

Though prospects for a breakthrough were slight, Johnson "does not want to leave any route to a possible deal untested," the source said, after the two ate a dinner of scallops and steamed turbot, two of the seafood varieties that European boats fish for in British waters.

Talks are mainly blocked over the issue of fair competition, with Britain refusing to accept a mechanism that would allow the EU to respond swiftly if UK and EU business rules diverge over time and put European firms at a disadvantage.

Fishing is another sore issue, with Europe eager to keep as much access as possible to the UK's bountiful waters.

"A good deal is still there to be done," Johnson had told the UK parliament before setting off for Brussels, while insisting Britain would "prosper mightily" with or without agreement.

In Berlin, Germany's chancellor Angela Merkel said there was still a chance for a deal. Merkel and the other EU leaders, including a sceptical French president Emmanuel Macron, are to meet in Brussels on Thursday for their planned EU summit, but Johnson was not invited.

Von der Leyen will update the member state leaders on her talks with the British premier and offer a clear indication of where she believes the talks are headed, diplomats said.

More For You

Essar-Oil-UK-Getty

Essar Oil UK is advancing decarbonization at its Stanlow Refinery with two key projects supported by Industrial Energy Transformation Fund (IETF) grants. (Photo: Getty Images)

Essar, 24 other firms get £51.9m to cut industrial carbon emissions

THE GOVERNMENT has allocated £51.9 million to support 25 businesses in reducing carbon emissions as part of the Plan for Change aimed at driving economic growth and rebuilding Britain.

The funding covers projects across various industries, including food manufacturing, cement production, and glass processing.
Companies receiving funding include Essar Oil UK, Nestlé's coffee processing site in Staffordshire, Heinz's baked bean factory in Wigan, and Hanson Cement in North Wales.

Keep ReadingShow less
Tesla-Getty

Tesla has faced challenges in 2024, reporting its first annual decline in deliveries as incentives failed to increase demand for its ageing vehicle lineup. (Photo: Getty Images)

Tesla received nearly £200m in UK government grants since 2016: Report

ELON MUSK’s electric vehicle company Tesla has received £191 million in grants from the UK government since 2016, according to an analysis by Tussell.

The majority of the funding, £188m, was provided by the Department for Transport (DfT) through the plug-in car grant scheme, which aimed to promote the adoption of electric and plug-in hybrid vehicles, The Guardian reported.

Keep ReadingShow less
CES-2025

CES 2025, organised by the Consumer Technology Association (CTA), will be held from 7 to 10 January.

Indian tech innovations to shine at CES 2025, says top executive

THE INDIAN technology sector continues to capture attention, with several startups and entrepreneurs showcasing their innovations at CES 2025, the world's largest tech event.

John Kelley, vice president and show director of CES, described the Indian tech story as “fascinating” and highlighted its growing global significance.

Keep ReadingShow less
Anil Agarwal acquires London's historic Riverside Studios

Anil Agarwal

Anil Agarwal acquires London's historic Riverside Studios

THE founder and chairman of Vedanta group Anil Agarwal is the new owner of the iconic Riverside Studio in London, a statement said on Wednesday (8).

The 100-year-old studio, which is a renowned global centre for arts and located on the north bank of the river Thames in the centre of London, will now operate under the name ‘Anil Agarwal Riverside Studios Trust’, it informed.

Keep ReadingShow less
india-gdp-iStock

India's GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24. )Representational image: iStock)

India's GDP growth projected to fall to 6.4 per cent in FY25

INDIA's gross domestic product (GDP) growth is projected to decline to 6.4 per cent in the financial year 2024-25, marking its lowest rate in four years, according to government data released on Tuesday. The slowdown is attributed to weaker performance in the manufacturing and services sectors.

The growth rate of 6.4 per cent, estimated by the national statistics office (NSO), is the lowest since the contraction of 5.8 per cent recorded during the Covid-19 pandemic in 2020-21. GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24.

Keep ReadingShow less