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The key paragraph that broke deadlock over Brexit

“Ireland’s foreign affairs minister, Simon Coveney, said it was the extra paragraph that got the deal through” writes Tom Embury-dennis for independent.co.uk. Ms May admitted on Friday morning that “specific solutions to what are the unique circumstances of Northern Ireland” would still need to be found – suggesting the deal was partly a fudge. Source: independent.co.uk Share This:

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Global rules devised to stop repeat of financial crisis agreed after year-long deadlock

“Global banking rules designed to prevent a repeat of the 2008 financial crisis have finally been agreed after a year-long deadlock” writes Mark Price for telegraph.co.uk. However big banks won a major concession by delaying the rules kicking in by three years to 2022.It is also hoped the changes will boost competition by helping smaller banks, which typically have to hold proportionally more capital under the old system.They will then have another five years to implement the changes, taking them up to 2027 – almost two decades on from the crash. “When the next…

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Sterling expected to fall much further if Brexit talks fail to break deadlock

“Currency analysts are predicting a volatile period of trade for sterling as the British government races to agree a crucial Brexit deal ahead of an EU leaders’ summit later this month” writes Natasha Turak for cnbc.com. The U.K. has to clear certain key issues before both sides can start discussing a possible trade deal.The pound continued its slide Tuesday morning on news that a nearly-achieved deal had fallen through over disagreement on the question of the Irish border.Sterling was trading at around 1.3400 against the dollar at 9:00 a.m. Source: cnbc.com…

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Pound slides to 6-day low as Brexit talks hit deadlock again

“The pound was slammed by the latest developments in the Brexit talks between London and Brussels” writes Markets Reporter for marketwatch.com. The British pound slumped to an almost one-week low on Tuesday, driven lower by concerns over the U.K.’s Brexit talks hitting another wall, with just 10 days to go to a key meeting between European leaders. Source: marketwatch.com Share This:

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Brexit talks deadlock has been ‘exaggerated’, Donald Tusk says

“Reports that Brexit talks between Britain and the EU are deadlocked have been “exaggerated”, the president of the European Council has said” writes Jon Stone for independent.co.uk. Mr Barnier had used the term “deadlock” three times in a press conference at the conclusion of the last round of talks, specifically in reference to the divorce bill. Source: independent.co.uk Share This:

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Theresa May pledges talks with Nicola Sturgeon to break Brexit powers deadlock

“Theresa May has pledged to hold discussions with Nicola Sturgeon to help break the deadlock over whether EU powers should be held by Westminster or Holyrood after Brexit” writes Simon Johnson for telegraph.co.uk. Ms Sturgeon has accused the UK Government of a “power grab” because they do not plan to devolve all 111 of the repatriated EU powers that touch on devolved areas.The Prime Minister said she expected a “significant” number of powers repatriated from Brussels to be devolved to Scotland but the UK’s internal market also had to be…

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Beyond the health-care fight looms GOP deadlock over the budget

“And looming beyond health care is a Republican deadlock over the budget” writes Covering Financial Services for washingtonpost.com. Chris Christie (R) shutdown the state government over the budget impasse, shutting down state parks and beaches over the holiday weekend.That spending blueprint will include rules that allow Republicans to pass a tax overhaul with simple majorities in both chambers. Source: washingtonpost.com Share This:

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The GOP’s budget deadlock could derail Trump’s hopes for tax overhaul

“The budget process is much maligned, but it helped President George W. Bush pass his signature tax cuts 16 years ago” writes Andrew Taylor for businessinsider.com. Tea party conservatives are demanding spending cuts, while supporters of the military want even more money for the Pentagon than Trump sought.House Speaker Paul Ryan vows that Republicans will overhaul the tax system this year despite myriad obstacles. Source: businessinsider.com Share This:

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