GBP News 

Backstop: May rules out ‘Malthouse compromise’

“Theresa May will present the EU with new legal proposals to solve the Irish backstop issue on Wednesday, which No 10 hopes will be enough to convince Eurosceptics to back her Brexit deal” writes Rowena Mason for theguardian.com. However, Jacob Rees-Mogg and Steve Baker sounded a conciliatory tone on Tuesday, insisting that the Malthouse agreement was “still live and kicking” and saying they looked forward to further developments.The Malthouse compromise was named after the housing minister, Kit Malthouse, who helped draft it as an attempt to find a Brexit deal…

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GBP News 

ALSO: Minister Suggests Brexit Withdrawal Agreement May Not Be Reopened

“They want the withdrawal agreement, which is the legally binding part of the Brexit deal that MPs are being asked to approve, changed to make clear that this will not happen” writes Deputy Political Editor for huffingtonpost.com. Theresa May might not seek to reopen the Brexit withdrawal agreement as she tries to secure changes to the controversial Irish border backstop, a cabinet minister has suggested in comments which risk infuriating Tory eurosceptics.But it comes after senior Brexiteer Steve Baker warned in WhatsApp messages leaked to the Sunday Times that anything…

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AUD GBP News 

‘Obviously it’s a statement of fact that the UK is not within the Pacific’: Australia pours cold water on British hopes of joining key trade agreement post-Brexit

“The UK has until March 29 to ratify a Brexit deal, but a political stalemate in the House of Commons means that the likelihood of a no deal Brexit is seemingly rising day by day” writes Will Martin for businessinsider.com. Birmingham did, however, provide some positive news for Britain, saying that Australia is keen to fast track an agreement between the countries in the event of a no deal Brexit.One of Australia’s most senior politicians on Sunday poured cold water on proposals from the UK to swiftly join the Comprehensive…

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Crypto News Platforms 

Russian Tech Giant, Blockchain Platform Sign Agreement to Improve Operational Systems

“Global blockchain platform Waves raised $120 million in December 2018 for the Vostok platform, which uses Waves technology for both commercial and government IT systems” writes Max Yakubowski for cointelegraph.com. A subsidiary of Rostec, a Russian state-owned high-tech conglomerate, has partnered with blockchain platform Vostok, major Russian news agency Tass reports on Feb. 14.The joint agreement was signed by Rostec subsidiary National Center for Informatization (NCI) and tech company Vostok, which provides a blockchain platform combining its own private blockchain and the Vostok system integrator.The article underlines: Tass states that…

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News 

Mattel to launch ‘Despicable Me’ inspired toys ahead of 2020 ‘Minions’ sequel

“The line will debut at retailers worldwide ahead of the franchise’s Minions movie in the summer of 2020” writes Claudia Assis for marketwatch.com. MAT, -0.94% said late Thursday it has entered a three-year licensing agreement involving the “Despicable Me” franchise.The agreement covers products such as action figures, play sets, plush toys, and others, Mattel said.Shares of Mattel were flat in the extended session Thursday after ending the regular trading day down 0.9%.”Mattel is committed to strategic collaborations with globally-recognized franchises, which are helping to drive our transformation into an IP-driven,…

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News 

Trump intends to sign border-security deal: CNN

“President Donald Trump intends to sign the border-security deal to avoid another partial government shutdown, CNN reported Wednesday” writes Robert Schroeder for marketwatch.com. Congress faces a deadline to get a deal passed and signed by Trump before Friday.The agreement includes $1.37 billion for a border barrier, which is short of what Trump wanted.The president said Tuesday he was “not happy” with the agreement but didn’t say he’d veto it. Source: marketwatch.com

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News 

Trump’s staunchest allies are already bashing the ‘garbage’ bipartisan border deal that could stave off another government shutdown

“The bipartisan deal lawmakers tentatively reached on Monday would prohibit wall funding from being used to construct Trump’s prototypes” writes Michelle Mark for businessinsider.com. President Donald Trump’s strongest supporters on his hardline immigration stance are already railing against a tentative border deal that lawmakers reached late Monday night, as another potential government shutdown looms just days away.According to the tentative deal a bipartisan conference committee reached, the new wall funding would be used only for barriers using “existing technologies” like bollard fencing.But that hasn’t deterred some Republican lawmakers, who blasted…

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GBP News 

U.K.’s May says more Brexit time and negotiations necessary to reach deal

“U.K. Prime Minister Theresa May told the British Parliament on Tuesday that more negotiations with the European Union were necessary to reach a final Brexit agreement that Parliament could vote on” writes Markets Reporter for marketwatch.com. Lawmakers rejected the deal May struck with Brussels late last year, but also voted against leaving the EU without a deal.May said there were alternatives to change the current backstop agreement, including adding a legally-binding time limit, or adding a unilateral exit clause.May added that she would bring forward a so-called amendable motion in…

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Futures News Oil 

Oil prices surge by more than 2.5% as OPEC report shows big output drop

“The Organization of the Petroleum Exporting Countries said its crude output fell by 797,000 barrels a day in January, month on month, to average 30.81 million barrels a day” writes Christopher Alessi for marketwatch.com. U.S. crude futures rallied early Tuesday in New York after a closely followed monthly OPEC report showed that members of the cartel substantially reduced production in January.Earlier in the session, crude futures had already been buoyant, trading off a two-week low as optimism over tariff negotiations between Beijing and Washington officials helped to buttress prices. Source: marketwatch.com

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News 

Negotiators say they have a tentative deal to avoid a US government shutdown

“Over the weekend, lawmakers on a conference committee trying to hash out a funding deal showed doubts about striking a deal to prevent a shutdown” writes unknown author for cnbc.com. Congressional negotiators said they reached a tentative deal Monday to fund the government and avoid another shutdown.In December, Trump in part took cues from his allies in conservative media who railed against a deal without wall funding.Nita Lowey, D-N.Y., did not immediately give details of the deal or say when they would release bill text.As always, President Donald Trump will…

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