UK unveils Brexit plan, keen on stronger trade ties with India

February 3, 2017

London, Feb 3: The UK government on Thursday unveiled a policy document on its negotiating plans for quitting the 28-nation European Union under a mutually beneficial deal which cites India as among the key countries on its target list for stronger trade ties post-Brexit.

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"We approach the negotiation to come in a spirit of good will and working to an outcome in our mutual benefit," David Davis, minister for exiting the European Union (EU), told the House of Commons, adding that Britain's "best days are yet to come".

"I will not be throwing people out of Britain," he added, in reference to a question about the rights of EU citizens based in the UK following Brexit.

Davis said the government will publish another White Paper before the Great Repeal Bill, which will formally mark Britain's intention to break from the laws governing the EU after the June 2016 referendum in favour of Brexit.

"We have started discussions on future trade ties with countries like Australia, New Zealand and India," the UK government wrote in its White Paper.

"This department will lead the UK's ambitions for deepening trade and investment relations with the wider world. Many countries including China, Brazil, and the Gulf States have already expressed their interest in enhancing their trading relationships with us," it said.

Around 3 million EU citizens are waiting to find out if they can remain in the UK, along with up to two million British citizens in other EU member states, following last June's EU referendum.

The White Paper effectively spells out in detail British Prime Minister Theresa May's 12 "principles" including migration control and "taking control of our own laws" unveiled in a major speech last month.

It confirms that the final Brexit deal will be presented before Parliament for ratification and that the UK would pursue a fresh tariff-free trade agreement with the EU after an exit from the common single market.

"After we have left the EU, we want to ensure that we can take advantage of the opportunity to negotiate our own preferential trade agreements around the world," the document said.

May's foreword to the White Paper is made up of extracts from her Lancaster House speech on January 17, in which she said that forging a new partnership with Europe and a "stronger, fairer, more global" Britain would be "the legacy of our time, the prize towards which we work, the destination at which we arrive once the negotiation is done".

The document, which provides the UK Parliament and the

country with a "clear vision" of what the government is seeking to achieve in negotiating the UK's exit from, and new partnership with, the EU, comes a day after British MPs voted in favour of May invoking Article 50 of the Lisbon to trigger the two-year timeline to negotiate a new deal as a non-member of the bloc.

MPs backed the European Union (Notification) Bill by 498 votes to 114 last night, with 47 Opposition Labour party rebels voting against.

The bill will now face more debate before it can become law.

MPs will discuss the bill in more detail next week when it reaches the committee stage in the Commons, and Labour has vowed to force through amendments.

Exit talks with the EU are expected to last up to two years, with the UK predicted to leave the 28-member organisation in 2019.

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Agencies
February 20,2020

Tokyo, Feb 20: One more Indian on board the cruise ship Diamond Princess quarantined off the coast of Japan was tested positive for novel coronavirus, the Indian Embassy in Tokyo said on Wednesday, adding that all seven Indian nationals infected with the virus have been shifted to hospitals in Japan for treatment.

"1 Indian crew who tested positive for #COVID19 among 88 new cases yesterday on #DiamondPrincess taken to hospital for treatment. Indians receiving treatment responding well. From today, the disembarkation of passengers only started, likely to continue till 21 Feb," the embassy tweeted.

"As of 2100 JST, altogether 7 Indian nationals (crew members on board #DiamondPrincess) are receiving treatment in hospitals in Japan, after testing positive for #COVID19 over last few days. Their health conditions are improving. 
@MEAIndia," the following tweet read.

A total of 138 Indians, including 132 crew and 6 passengers, were among the 3,711 people on board the luxury cruise ship which was quarantine off Japan on February 5 after it emerged that a former passenger had tested positive for the virus.

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News Network
March 30,2020

Mar 30: Thomas Schaefer, the finance minister of Germany's Hesse state, has committed suicide apparently after becoming "deeply worried" over how to cope with the economic fallout from the coronavirus, state premier Volker Bouffier said Sunday.

Schaefer, 54, was found dead near a railway track on Saturday. The Wiesbaden prosecution's office said they believe he died by suicide.

"We are in shock, we are in disbelief and above all we are immensely sad," Bouffier said in a recorded statement.

Hesse is home to Germany's financial capital Frankfurt, where major lenders like Deutsche Bank and Commerzbank have their headquarters. The European Central Bank is also located in Frankfurt.

A visibly shaken Bouffier recalled that Schaefer, who was Hesse's finance chief for 10 years, had been working "day and night" to help companies and workers deal with the economic impact of the pandemic.

"Today we have to assume that he was deeply worried," said Bouffier, a close ally of Chancellor Angela Merkel.

"It's precisely during this difficult time that we would have needed someone like him," he added.

Popular and well-respected, Schaefer had long been touted as a possible successor to Bouffier.

Like Bouffier, Schaefer belonged to Merkel's centre-right CDU party.

He leaves behind a wife and two children.

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News Network
April 13,2020

Vienna, Apr 13: Top oil-producing countries agreed on "historic" output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war, sending crude prices soaring on Monday.

The US benchmark WTI climbed 7.7 percent to $24.52 a barrel in early Asian trade while Brent was up 5.0 percent at $33.08.

OPEC producers dominated by Saudi Arabia and allies led by Russia thrashed out a compromise deal via videoconference Sunday after Mexico had balked at an earlier agreement struck on Friday.

In the compromise reached Sunday they agreed to a cut of 9.7 million barrels per day from May, according to Mexican Energy Minister Rocio Nahle, down slightly from 10 million barrels a day envisioned earlier.

OPEC Secretary General Mohammad Barkindo called the cuts "historic".

"They are largest in volume and the longest in duration, as they are planned to last for two years," he said.

The agreement between the Vienna-based Organization of the Petroleum Exporting Countries and partners foresees deep output cuts in May and June followed by a gradual reduction in cuts until April 2022.

Barkindo added that the deal "paved the way for a global alliance with the participation of the G20".

Saudi Energy Minister Prince Abdulaziz bin Salman, who chaired the meeting together with his Russian and Algerian counterparts, also confirmed that the discussions "ended with consensus".

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