Search Result for : Theresa May

By Sheela Mamidenna The UK – on June 24th, 2016 – decided to test the depth of the water with both legs though a referendum. And the Brexit as expected is blowing things out of proportion. Ever since the Brexit, EU members have been huddling to strengthen the trade bloc And while Brexit talks are underway in Brussels, the latest test is on London’s might as the financial global empire! And this – the recent governmental news that leaked – has put Londoners on the edge. It revealed that London as a ‘financial powerhouse’ may not rest on its laurels for long as the freshly elected Emmanuel Macron-led France sought to usurp that position. Well, Global Financial Centres Index, a report ...

By Sheela Mamidenna UK and India share an age-old history of common interests and values and with India’s rapid rise to fame as the ‘fastest growing large economy’ in the world, the relations between the two countries could ‘reboot’ as Theresa May had expressed during her visit to India in November last year. UK is India’s 5th largest trading partner and a great place for Indian businesses and will remain so post-Brexit for many reasons. However, trade bodies like FICCI voiced a negative sentiment saying that trade between India and UK is likely to suffer due to the Brexit vote and a decline in sterling. There are over 800 Indian businesses operating in the UK and serving as a gateway to Europe. Experienced ...

The Dollar Business Bureau  Britain’s largest car manufacturer Jaguar Land Rover (JLR) will employ 5,000 people in order to boost the company’s skills in electric and autonomous technology, a welcome corporate endorsement as UK’s Prime Minister Theresa May begins Brexit negotiations after the election. JLR said that it would be hiring 1,000 electronic and software engineers and an additional staff of 4,000 in the manufacturing division. Most of the employees will be based in the UK. The company employs over 40,000 people worldwide. The recruitment will be done over the next one year, just as Britain begins talks to exit European Union (EU). Car manufacturers in UK have asked the May government to ensure that the talks result in a pact that holds free and unfettered trade in order to ...

The Dollar Business Bureau UK and US leaders met on the sidelines of the G7 meet and reaffirmed to complete a bilateral trade agreement after UK's exit from the European Union. The two leaders met at Sicily and decided to forge their trade relationship. A spokesperson told the media that the two leaders agreed on the importance of free trade while ensuring that the citizens of both the countries are not left behind due to globalization. "The president and the prime minister reaffirmed their commitment to increasing trade between the UK and the U.S., including a post-Brexit trade deal," the spokesman said. Theresa May was the first leader of a State to visit the White House after Donald Trump became the President. It was ...

The Dollar Business Bureau Britain has constantly indicated a better economic integration with India - now the world’s sixth-largest economy after it overtook Britain last year - post-Brexit. In a fresh attempt to strengthen economic and trade ties with New Delhi, British Finance Minister Philip Hammond will lead a trade mission to New Delhi next week. The trade meeting themed on ‘Make in India, Finance in the UK’ will see British finance minister pitching UK’s attractive trade market, while seeking Indian investments in the UK. Chancellor of the Exchequer Hammond, along with Governor of the Bank of England Mark Carney and UK government ministers, including Commercial Secretary Baroness Neville-Rolfe and International Trade minister Mark Garnier will visit New Delhi and Mumbai to participate ...

The Dollar Business BureauBritish manufacturers on Monday urged Prime Minister Theresa May to relinquish her threat that she might pull out of the European Union without a new trade deal, underscoring that they would be the biggest loser of the trade barriers with the EU. May is scheduled to trigger the two-year Brexit process on March 29. She has warned the other 27 Europe Union members that no deal is better than a bad deal. "The idea of being able to walk away empty-handed might be a negotiating tactic, but it would in reality deliver a risky and expensive blow," said Terry Scuoler, chief executive of EEF, Britain's manufacturing lobby. "The rhetoric from the UK government needs to focus instead on achieving a ...

The Dollar Business Bureau The British Parliament on Monday overwhelmingly approved a bill allowing UK Prime Minister Theresa May to trigger Article 50 legislation by March 27, bringing Britain one step closer to its exit from the European Union.   Welcoming the Parliament's approval on Monday, British Brexit Secretary David Davis said: “Parliament has today backed the government in its determination to get on with the job of leaving the EU ... We are now on the threshold of the most important negotiation for our country in a generation." "So we will trigger Article 50 by the end of this month as planned and deliver an outcome that works in the interests of the whole of the UK," he said. The Bill passed both ...

The Dollar Business Bureau The European Union (EU) will take only 48 hours in issuing its first plan for the negotiations for Brexit after the UK formally starts its exit, European Council President Donald Tusk said on Wednesday. Tusk said that the Council, the institution formed with national leaders of the 28-member bloc and charged with defining the EU’s overall priorities, would issue the guidelines for the negotiations to start soon after that. “When the UK notifies, it is our goal to react with the draft negotiation guidelines for the 27 members to consider, for this I think we need more or less 48 hours,” he told a news conference in Brussels. “Leaders of the bloc members will meet after that possibly in April ...