United Kingdom

UK, Mexico Sign Trade Deal As Brexit Transition Period Draws To A Close

LONDON, Dec 16 (NNN-AGENCIES) – Britain and Mexico signed an agreement, aimed to secure the existing bilateral trade, following the end of the Brexit transition period on Dec 31, the British Department for International Trade (DIT) said yesterday.

The UK-Mexico Trade Continuity Agreement will provide certainty for British and Mexican businesses, “trading the goods and services that make up our bilateral trade relationship, which accounts for over five billion dollars per year,” said the DIT.

UK has given nearly 140,000 people COVID shots, minister says

LONDON (Reuters) -Nearly 140,000 people in the United Kingdom have received their first COVID-19 shots in the first week of roll-out of the vaccine developed by Pfizer and BioNTech, the minister in charge of the programme said on Wednesday.

The vaccine was approved for emergency use two weeks ago, with rollout commencing on Dec 8, making Britain the first country to deploy the shot outside of clinical trials.

UK: Oil prices rise on vaccine optimism and weaker dollar

LONDON (Reuters) -Oil prices edged higher on Wednesday on a weakening dollar and progress on the rollout of COVID-19 vaccines, though gains were capped by a surprise gain in U.S. crude inventories and tighter coronavirus lockdowns in Europe.

Brent crude futures rose 25 cents, or 0.5%, to $51.01 a barrel by 1017 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 21 cents, or 0.4%, at $47.83.

Iran voices concern over US decision to conduct nuclear explosion tests

London, Dec 16, IRNA - Iran's Ambassador and Permanent Representative to International Organizations in Vienna Kazem Gharibabadi expressed concern over US decision to conduct nuclear explosion tests, saying it will jeopardize non-proliferation of nuclear weapons and international peace and security.

UK: London likely to move into toughest tier of COVID-19 restrictions - BBC

LONDON (Reuters) - London is likely to be placed into the toughest tier of COVID-19 restrictions following a sharp rise in coronavirus infection rates, the BBC reported on Monday, as one of the world’s richest cities struggles to contain the disease.

Earlier this month, the government implemented a three-tiered system of restrictions in England to try to keep a second wave of the virus under control following a month-long lockdown. More than 40% of citizens were placed in the highest risk category.

Turkish drones real threat to enemies: UK defense chief

12 Dec 2020; MEMO:  Turkey's unmanned aerial vehicle, the Bayraktar TB2, has been responsible for the destruction of hundreds of armored vehicles and even air defense systems in Syria, Libya, and elsewhere, the UK's defense secretary said on Friday, reports Anadolu Agency.

"The roots of these drones are born out of Turkish innovation," Ben Wallace said in a webinar organized by the Royal United Services Institute for Defense and Security Studies (RUSI), a British security think tank.

No-trade deal Brexit would be 'choppy' but UK will survive, minister says

LONDON (Reuters) - Britain will not back down in trade talks with the European Union and will thrive even if breaking away from the bloc without a trade deal is a “choppy” ride, Culture Secretary Oliver Dowden said on Friday.

The United Kingdom quit the EU in January but remains an informal member until Dec. 31 when it will finally leave the bloc’s orbit after 48 years - with or without a trade agreement.

UK retail industry warns of higher prices with no EU trade deal

LONDON (Reuters) - With prospects for a post-Brexit trade deal with the EU looking precarious, Britain’s retail industry repeated a warning on Friday that shoppers face higher food prices from next year if new tariffs are imposed in the absence of an agreement.

Britain’s Brexit transition period ends on Dec. 31. In the absence of a deal, Britain would trade with the European Union on World Trade Organisation terms, meaning new tariffs.

Prime Minister Boris Johnson said on Thursday there was a “strong possibility” Britain would not secure a deal.

Subscribe to United Kingdom