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Nicosia, CY
January 24, 2019

Category : European Union News

Breaking News European Union News Featured

EU urges crackdown on ‘golden passports’ for big investors

Cyprium News Reporting
The EU Commission has told EU states to tighten checks on non-EU nationals who acquire citizenship – so-called “golden passports” – through investments. The Commission plans closer monitoring of those schemes and of “golden visas” granting residence in exchange for big investments. It says they can be abused for tax...
Breaking News Brexit European Union News Featured UK News UK Politics

EU’s Barnier says no-deal Brexit is default scenario

Cyprium News Reporting
European Union’s Brexit negotiator Michel Barnier said on Wednesday that no-deal Brexit was the default scenario and the fact that majority of the House of Commons was against it would not prevent it from happening.European Union Chief Brexit Negotiator Michel Barnier speaks during a plenary session of the European Economic...
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Brexit drives up financial licence applications in Luxembourg

Cyprium News Reporting
Forty-seven banks, insurers and asset managers have plans to relocate some activities from Britain to Luxembourg due to Brexit, Luxembourg for Finance said on Wednesday. “Last year Luxembourg’s regulators granted 80 new licences for banks, management companies, alternative asset managers, insurers and investment firms,” the agency that promotes the Grand...
Breaking News Brexit Economy European Union News Featured UK News UK Politics

Brexit: Delaying Brexit worse than no deal, says Liam Fox

Cyprium News Reporting
Delaying or cancelling Brexit would be a “calamitous” breach of trust with the electorate and worse than leaving the EU with no deal, Liam Fox has said. The Brexiteer minister told BBC’s Radio 4’s Today programme MPs pushing for a delay actually wanted to stop Brexit. But he said this...
Breaking News Brexit Economy European Union News Featured UK News UK Politics

Labour likely to back bid to stop no-deal Brexit – McDonnell

Cyprium News Reporting
Britain’s opposition Labour Party is highly likely to back an amendment by lawmaker Yvette Cooper that could prevent a no-deal Brexit, the second most powerful man in the party said. The Cooper amendment makes time for a piece of legislation Cooper has proposed, which gives May until Feb. 26 to...
Breaking News Brexit European Union News Featured UK News

A time-limited Brexit backstop would be useless – EU’s Barnier

Cyprium News Reporting
A temporary safeguard to avoid erecting a physical border between Ireland and Northern Ireland after Brexit would serve no purpose, the EU’s chief negotiator Michel Barnier said on Wednesday. In an interview to newspapers Le Monde, Rzeczpospolita and Luxemburger Wort, Barnier said the current backstop proposal over the border was...
Breaking News Brexit Cyprus News European Union News Featured UK News

P&O to change flag of UK ships to Cyprus ahead of Brexit

Cyprium News Reporting
British ferry and shipping freight operator P&O will shift the registration of its UK vessels to Cyprus ahead of Britain’s departure from the European Union, in part to keep its tax arrangements in the bloc, the company said on Tuesday.FILE PHOTO: A P&O ferry, the “Spirit of France”, arrives at...
Breaking News Brexit European Union News Featured UK News UK Politics

Do not hijack Brexit, minister warns Britain’s parliament

Cyprium News Reporting
Parliament cannot be allowed to hijack Brexit, Trade Minister Liam Fox said on Sunday, in a warning to lawmakers who want to take more control over Britain’s departure from the European Union.Britain’s Secretary of State for International Trade Liam Fox appears on BBC TV’s The Andrew Marr Show in London,...
Breaking News Brexit European Union News Featured UK News UK Politics

Downing Street warns MPs not to block Brexit

Cyprium News Reporting
Attempts by backbench MPs to remove the government’s power to deliver Brexit are “extremely concerning”, Downing Street has said. On Monday one group of MPs will present a bill that could allow Brexit to be delayed if Parliament does not approve an EU withdrawal agreement. According to the Sunday Times, another...
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Customs union rollback would unlock Brexit talks

Cyprium News Reporting
Britain could remove most obstacles blocking a Brexit deal if it rolls back on a promise of leaving the European Union’s customs union, the bloc’s Agriculture Commissioner said. Britain’s last-minute scramble to shape an EU exit after the deal Prime Minister Theresa May agreed with the bloc was crushed in...
Breaking News European Union News Featured Poland News

Pawel Adamowicz: Poland mourns death of stabbed Gdansk mayor

Cyprium News Reporting
A day of mourning is under way in Poland ahead of the funeral of Pawel Adamowicz, the mayor of Gdansk fatally stabbed at a charity event last Sunday. Large screens have been set up around St Mary’s Church in the city to broadcast Saturday’s funeral service. Mr Adamowicz, a liberal...
Breaking News Brexit European Union News Featured UK News UK Politics

May makes no change to demands in talks with EU leaders

Cyprium News Reporting
British Prime Minister Theresa May made no change to her demands in talks with European Union leaders despite her Brexit plan being defeated by British lawmakers earlier this week, the Telegraph newspaper reported http://bit.ly/2RCdHch on Friday. May’s demands continued to focus around either a legally binding time-limit for the Irish...
Breaking News Brexit European Union News Featured German News UK News UK Politics

We will miss you’ – Germany pleads with the British to stay in EU

Cyprium News Reporting
German Chancellor Angela Merkel’s protege appealed to the British on Friday to stay in the European Union, saying her compatriots had not forgotten how Britain welcomed Germany back as a sovereign nation after World War Two. Conservative leader Annegret Kramp-Karrenbauer, who succeeded Merkel as leader of the Christian Democrats, joined...
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Brexit: Business leaders call for second referendum

Cyprium News Reporting
Over 170 business leaders have urged Prime Minister Theresa May and opposition leader Jeremy Corbyn to hold a second referendum, arguing this is the only practical solution to the Brexit impasse. The letter, printed Thursday by The Times of London, was signed by some of Britain’s most influential business leaders...
Breaking News European Union News Featured UK News UK Politics

UK: Corbyn urges May to take ‘no deal’ off table

Cyprium News Reporting
Take the “no deal” option off the table, so we can start “serious talks” on Brexit, the leader of Britain’s main opposition party urged Prime Minister Theresa May on Thursday. Speaking in Hastings, England, a day after the government narrowly secured parliament’s confidence, Labour Party leader Jeremy Corbyn said May...
Breaking News European Union News Featured UK News UK Politics

Divided and riven by crisis, Britain searches for Brexit ‘plan B’

Cyprium News Reporting
Prime Minister Theresa May will on Thursday try to break the impasse in Britain’s political elite over how to leave the European Union by searching for a last-minute exit deal though there was so far little sign of compromise. After May’s two-year attempt to forge an amicable divorce was crushed...
Breaking News Brexit Economy European Union News Featured UK News UK Politics

May seeks to end Brexit stalemate after winning confidence vote

Cyprium News Reporting
Prime Minister Theresa May won a confidence vote in the British parliament on Wednesday and then appealed to lawmakers from across the political divide to come together to try to break the impasse on a Brexit divorce agreement. Lawmakers voted 325 to 306 that they had confidence in May‘s government, just 24 hours after handing her...
Breaking News Brexit European Union News Featured Russia News UK News

We’re not rubbing our hands with glee over Brexit

Cyprium News Reporting
Russia is not rubbing its hands with glee over Britain’s chaotic departure from the European Union despite its troubled relations with London and wants the EU to be strong and united, Russian Foreign Minister Sergei Lavrov said on Wednesday. Prime Minister Theresa May suffered a resounding defeat on her Brexit...

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