Small businesses in the UK suspended their cross-Channel trade operations following Britain's separation from the European Union (EU) on December 31, 2020. Some of the UK's SMEs witnessed the difficulties importers and exporters face, causing them to stop their cross-Channel businesses. Most can't afford the aftereffects launched by the new border rules resulting in an … [Read more...] about British Companies Suspend Cross-Channel Trade Amid Brexit Red Tape, Higher Costs, Paperworks
Brexit Pushes Eurotunnel Freight Traffic Up by 8% Amid Pandemic
Eurotunnel, along with other UK companies, sees a surge in cross-channel freight traffic due to stockpiling as the Brexit transition period ends in December, its latest figures revealed. According to the chief Brexit officer of the logistics group ATS, Loic Chavaroche, the French side has been having up to seven or eight hours of delays in the freight routes marking "the … [Read more...] about Brexit Pushes Eurotunnel Freight Traffic Up by 8% Amid Pandemic
Ministers Rush £100m Post-Brexit Fishing Package After Prime Minister’s ‘Betrayal’
British ministers are finalizing the plans for the £100 million post-Brexit fishing package scheme promised by Prime Minister Boris Johnson to help revive the fishing fleet affected by the UK's compromise on fishing rights under the recently concluded EU-UK trade deal. Under this plan, British crews will receive financial support to expand their fleet within a … [Read more...] about Ministers Rush £100m Post-Brexit Fishing Package After Prime Minister’s ‘Betrayal’
China-EU Signs Comprehensive Investment Deal to Revitalize Global Markets
After seven years of negotiation, Chinese President Xi Jinping, European Commission president Ursula von der Leyen, and 2021 EU president and German Chancellor Angela Merkel finally completed the negotiations for the Comprehensive Agreement on Investment (CAI), which Valdis Dombrovskis, EU trade commissioner, calls "the most ambitious [trade deal] that China has ever agreed … [Read more...] about China-EU Signs Comprehensive Investment Deal to Revitalize Global Markets
Top UK Firms Face Calls for Transparency of Boards Pay
Shareholder advisers and high pay campaigners demand transparency as some board members of the UK's largest listed financial firms were revealed to have received a near-80% pay raise since 2009. Reports revealed that the three top-earning non-executive directors (NEDs) from among the 17 FTSE 100's financial firms rose by 79%. It was initially at £90,700 in 2009, before it … [Read more...] about Top UK Firms Face Calls for Transparency of Boards Pay