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Tag: talks

Mike Ashley’s Frasers Group in Debenhams rescue talks

Mike Ashley’s Frasers Group in Debenhams rescue talks

Business
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‘Conditions not met for Brexit deal’: UK and EU put trade talks on hold

‘Conditions not met for Brexit deal’: UK and EU put trade talks on hold

Business
Brexit trade talks between the UK and the EU have been put on hold after the two sides said "conditions for an agreement are not met".The bloc's chief negotiator Michel Barnier said he and Downing Street's David Frost had agreed to "pause" their discussions on a deal while they brief their principals on the state of play of the negotiations. In a joint statement, Lord Frost and Mr Barnier said European Commission President Ursula von der Leyen and UK Prime Minister Boris Johnson would "discuss the state of play" on Saturday afternoon. Image: Britain's chief Brexit negotiator David Frost released a joint statement with his EU counterpart It comes after a week of intense negotiations in London, with late night sessions fuelled by ...

Congress stalled on stimulus talks and time is running out as millions face a ‘benefits cliff’

Finance
Bill Clark | CQ-Roll Call, Inc. | Getty ImagesMillions of jobless Americans are likely eyeing ongoing negotiations in Congress around a new coronavirus relief package with intense interest.Unemployment benefits — namely, the size of a weekly subsidy to benefits — are among the thorny issues that have delayed a deal for months.Congress gave an extra $ 600 a week to the unemployed as part of the CARES Act relief law signed in March. That aid expired in July.More from Personal Finance:Delayed unemployment benefits cost her $ 20,000 in debtLong food lines signal need for more coronavirus stimulus aidYou can get unemployment benefits if you're laid off againA new weekly subsidy is almost certain to be part of any upcoming federal relief package, according to unemployment and policy experts.Th
Ursula von der Leyen: EU, Britain making progress in Brexit talks

Ursula von der Leyen: EU, Britain making progress in Brexit talks

World
Nov. 20 (UPI) -- With a Dec. 31 deadline looming, European Commission President Ursula von der Leyen said Friday the bloc and Britain are making "better progress" in negotiating final Brexit issues that will lead to a trade deal. Little progress had been made between Britain and the European Union up to the recent round of negotiations that started after Britain agreed to a withdrawal agreement with the bloc. Many details still had to be worked out, from quotas and tariffs to their relationship in various sectors, including energy, transportation and security. Advertisement "After difficult weeks with very, very slow progress, now we've seen in the last days better progress, more movement on important files," von der Leyen said. "This is good. We still have of course the three main diffic...
IndusInd Bank denies takeover talks with Kotak Mahindra Bank

IndusInd Bank denies takeover talks with Kotak Mahindra Bank

Finance
MUMBAI: Private lender IndusInd Bank denied having any exploratory takeover talks with peer Kotak Mahindra Bank and said the former has unstinted support from its promoters, the Hinduja family. Earlier in the day news agency Bloomberg had reported that Kotak Mahindra Bank is exploring a takeover of smaller rival IndusInd Bank to create the nation’s eighth-largest financial firm by assets. “IndusInd Bank categorically denies any such developments, its malicious and incorrect,” the bank said in an email response. “The Promoter of IndusInd Bank, IndusInd International Holdings Limited (IIHL), reiterate their full support to the IndusInd Bank, now and always.” The bank added that the promoters have intervened to support the bank whenever crisis has hit the Indian economy and its financial inst