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Tag: deal

Brexit donors: May's deal worse than staying in the EU

Brexit donors: May's deal worse than staying in the EU

Business
Three of the biggest donors to the Leave campaign have told Sky News that they are dismayed by the progress of Brexit and that it would be better for Britain to remain in the European Union than sign up to Theresa May's withdrawal agreement. The trio, who offered more than £5m in donations for the Leave campaign, each offered scathing criticism of the political process and insisted that Brexit had been "hampered", "squandered" or "obstructed".Billionaire financier Peter Hargreaves said there would be "no Brexit" because politicians "are cowards".Investment manager Jeremy Hosking, a major shareholder in Crystal Palace football club, said Mrs May's deal would put the UK "in a straitjacket".Stuart Wheeler, founder of spreadbetting giant IG Index, said the UK had been redu...
Brexit: Sam Gyimah resigns over Theresa May's 'naive' deal

Brexit: Sam Gyimah resigns over Theresa May's 'naive' deal

Technology
A minister has resigned saying a row over involvement in the EU's Galileo satellite-navigation system shows the UK will be "hammered" in negotiations over a Brexit deal.Science and universities minister Sam Gyimah quit after Mrs May said the UK was pulling out of Galileo.The UK wanted to stay part of it but the EU said it would be banned from extra-secure elements of the project.Mr Gyimah said it was a foretaste of the "brutal negotiations" to come. He's the 10th member of government to resign over the agreement, which he dismissed as a "deal in name only". He said he intended to vote against the deal negotiated with Brussels, and called for another referendum. The UK's interests "will be repeatedly and permanently hammered by th...
US-China trade war: Deal agreed to suspend new trade tariffs

US-China trade war: Deal agreed to suspend new trade tariffs

Business
US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to halt new trade tariffs for 90 days to allow for talks, the US says.At a post-G20 summit meeting in Buenos Aires, Mr Trump agreed not to boost tariffs on $ 200bn (£157bn) of Chinese goods from 10% to 25% on 1 January.China will buy a "very substantial" amount of agricultural, industrial and energy products, the US says.Meanwhile, Beijing says the two sides agreed to open up their markets.It was the first face-to-face meeting between the two leaders since a trade war erupted earlier this year. The dispute broke out after Mr Trump complained China was doing nothing to cut its large surplus in bilateral trade.At the summit in Argentina's capital ear...
David de Gea: Manchester United goalkeeper ‘poised to join’ Paris Saint-Germain and sign £60million deal

David de Gea: Manchester United goalkeeper ‘poised to join’ Paris Saint-Germain and sign £60million deal

Sports
sacre bleu The Spain international will reportedly move to France when his contract expires at the end of the season David de Gea will leave Manchester United at the expiration of his contract and join Paris Saint-Germain, according to reports. De Gea, the Spain goalkeeper, will become a free agent at the end of this season with his existing deal coming to an end. De Gea has not lived up to his usually elite standards this season The 28-year-old has yet to put pen to paper on fresh terms, with De Gea reportedly unwilling to commit his future to a club who look far, far away from consistently challenging for silverware. And, according to the Mail on Sunday, De Gea is aware a huge offer is on the table from PSG. ...
Rolls-Royce boss says May's Brexit deal is better than no deal

Rolls-Royce boss says May's Brexit deal is better than no deal

Business
Politicians must get behind a "practical plan" for Brexit, the boss of engineering giant Rolls-Royce has said.Warren East said time was running out and that any deal was better than leaving the EU without an agreement.Rolls-Royce employs 22,300 people in the UK making aerospace, marine and submarine engines.Mr East joined other business leaders in backing the draft plan put forward by Theresa May on Wednesday."The time since the referendum seems to have gone remarkably quickly and we're essentially [still] having a discussion we could have had the morning after the referendum," he told BBC Radio 4's Today programme. "We are slightly running out of time and I would, as a business leader, like to see politicians on both sides of th...