Europe news

Conversely, some uncompromising Brexiters in Johnson’s ruling Conservative party, who want a clean break from the EU, fear Johnson might be game-playing  and laying the ground to offer significant concessions to the EU to get a last-minute free-trade deal that he will advertise as a great win for Britain. They worry he’s engaging in a piece of theater. Brexiters point to what happened last year when he repudiated the Withdrawal Agreement negotiated by his predecessor in Downing Street, Theresa May, only to sign an almost identical divorce deal after he was elected her successor.  … [Read more...] about Europe Furious Over Johnson’s Plan to Override Brexit Agreement

She’s referring to European concerns about China’s treatment of minority Uighurs, and its policies toward Hong Kong, including the controversial new national security law. On the economic side, Europe wants greater market access, intellectual property rights protection and climate change commitments from Beijing.    … [Read more...] about Expectations Lowered Ahead of Europe-China Summit

On Monday, Prime Minister Boris Johnson drew a red line, saying that if a deal is not agreed on by October 15th, he will prepare to take the UK out of the bloc’s institutions and deal with the EU-27 on World Trade Organization (WTO) terms on December 31st, 2020. The prime minister said with confidence that it would be a “good outcome of the UK”. … [Read more...] about EU Accuses UK of Sabotaging Brexit Talks, Planting Anti-Brussels News Stories, in ‘Leaked’ Docs

The European Union has been here before. The bloc pledged to cut its dependence on Russian gas after Moscow annexed part of Ukraine in 2014, but imports increased between 2016 and 2018 before falling slightly last year. Germany still imports more than half its natural gas from Russia, which is also the leading supplier of crude oil and coal to the European Union. … [Read more...] about Why Europe still can’t take risks with its supply of Russian gas

1:38 p.m. Tech stocks lead markets higher: Stocks soared Wednesday as tech companies posted their best day in about four months, recouping some of their steep losses in the past several sessions. The Dow Jones industrial average added 440 points to close at 27,940, a gain of 1.6%. The S&P 500 jumped 2% and the Nasdaq composite advanced 2.7%. Shares of Tesla, which slid 21% Tuesday, its worst day ever, ended Wednesday up more than 10%. Apple, which lost more than 6% in the previous session, was up by 4%. Those two stocks, along with Microsoft, Amazon, Alphabet and Facebook, had lost $1 trillion in market value the past three days. All rebounded Wednesday. … [Read more...] about Coronavirus news from the Bay Area: Sept. 8-9