Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Wednesday, 12 August 13:34 (GMT -05:00)



Business And Politics News

Life After Brexit: EU-UK Talks Are Underway


The European Union and the United Kingdom are reported to have started talks to discuss their economic and political relationships after the divorce. There seems to be a bad mood in the air, and the comprimise may be difficult to reach, especially as Brussels politicians do not trust Boris Johnson's government.
 
The first round of talks in Brussels is expected to last until Thursday. The next one is scheduled for the second half of March in London. The talks will end up with summing up in June and guide the direction for the rest of the year. This is exactly when Boris Johnson may ask Brussels to extend the talks to 2021 to extend the transition period and soften the hard landing. Thanks to this period, the UK keeps on functioning as if it were an EU member, even though the UK doesn't have a vote in EU institutions anymore.
 
Still, Premier Johnson promised to not ask for any extension anymore. Last week, the London government announced their decision, according to which they would avoid asking any extension of the transition period and the talks and would switch to getting ready to living without a major agreement with the Eu if there were no clear compromise in June 2020. This means shifting to the WTO rules (involving customs duties and export quotas).
 
Optimists hope that Premier Johnson is bluffing to make the EU compromise without a deal. Pessimists do belive that he is indeed trying to promote the toughest Brexit version without a major agreement with the EU. 
 
The thing is that the EU is offering the UK an agreement without customs duties and export quotas but the British prime minister keeps saying no to that and advocating tough conditions for fair economic competition. The toughest disagreement has to do with environmental and climatic standards along with labor conditions and consumer right defense.
 
London keeps insisting that abandoning the fair play rules will mean becoming Brussels' vassal. They back their argument with the fact that the EU hasn't put such conditions on the list of the agreement with Canada and Japan. On the other hand, Brussels responds by saying that those conditions are required due to the similarity between the economies in terms of their scale. On top of that, Brussels says that EU companies operating in the UK need more protection against unfair rivalry.
 
The fair play involves devising a political declaration attached to the Brexit agreement ratified by the UK in January, which is why Brussels is now trying to appeal to the principles of mutual trust. If there's no compromise on that, Brussels is expected to offer the UK a standard trade agreement with limitations imposed on certain categories of goods. The only difference is that usually such talks with other countries took years, not months. That is why everything may and up with no deal at all because of the expiration time if the UK prime minister keeps on insisting on his way of establishing the EU-UK trade relationship.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

China Makes Blockchain Professions Official

There are 1838 officially recognized professions in China. Now, there list is up by 2 professions - blockchain engineer and blockchain app operator. The Chinese Ministry of Human Resources and Social Security (MOHRSS) has recently confirmed that by updating the list of official professions.
Publication date: 20 July 11:42 AM

South Korea Invests Billions In Blockchain Technologies

By 2025, South Korea is planning to invest over 48 billion dollars in  blockchain. The goal is to digitize all of the industrial sectors of the national economy in this post-pandemic era. According to ZDNet Korea, the president highly rated some of the benefits this process may bring to South Korea.

Publication date: 18 July 09:40 AM

Black Lives Matter - Investors Keep Ignoring Major Riot In US In 50 Years. Why?

Everyone has probably heard of the #BlackLivesMatter riots, which have been going on in the United States for a while. However, international financial markets seem to have been underestimating this event, which happens to be the biggest riots in the USA in 50 years! Why is that?

Publication date: 18 June 07:56 AM

Donald Trump Influences Bitcoin Exchange Rate

Publication date: 05 June 04:42 AM

Only 4 Of All Existing Billionaires Made Their Fortunes With Cryptocurrencies

Forbes has recently published the list of 2095 billionaires from different parts of the world. It turns out that 4 of them owe it to cryptocurrencies. Who they are, the cryptocurrency billionaires?
Publication date: 13 April 11:54 AM

USA May Take Steps To Support National Economy After COVID-19 Pandemic

Publication date: 07 March 08:15 AM

Fed Cuts Key Interest Rate For The First Time In 10 Years

The U.S. Federal Reserve is reported to have cut the key interest rate, which is something really outstanding since the Fed has done it for the first time since 2009.

Publication date: 11 August 03:05 AM

New Prime Minister Names Brexit Date

It seem that the new Prime Minister of the United Kingdom is really determined about everything related to the Brexit. The process is expected to start in later 2019. Boris Johnson's standpoint on the matter didn't come as a surprise to the international expert community, Market Leader reports. The thing is, he has been well-known for being an advocate ad big supporter of quitting the European Union in general, and doing so without a major agreement in particular, which is also known as the hard Brexit scenario. 

Publication date: 07 August 06:54 AM

Johnson Launches Hard Brexit Ad Campaign

Boris Johnson, who has recently been appointed new UK Prime Minister, is on his way to launch an ad campaign to promote the idea of quitting the EU the hard way, which is also known as the hard Brexit. For those of you who don't know, the hard Brexit scenario implies quitting the European Union without signing a major agreement.

Publication date: 31 July 11:43 AM

U.S-China Trade War Is Sponsored By Consumers

According to the IMF, consumers and producers are the biggest losers in the trade war between the United States and China. Despite growing duties, American companies are not in a hurry to move their production back to the USA.

Publication date: 12 July 01:19 AM