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UK hopes to strike new deals in Brexit transition

Ministers hope to negotiate and complete trade deals with other countries during any Brexit transitional period, a Government document has said. Brexit Secretary David Davis revealed future customs proposals, including an interim customs union with the EU aimed at avoiding a “cliff-edge” for manufacturers after Brexit. He told Sky …

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Brexit: UK suggests 'temporary customs union' with EU

The UK has set out the “ambitious new customs arrangement” it wants to secure with the EU after Brexit.Ministers said the plans would mean the “freest and most frictionless possible trade” with the rest of Europe.This could include a “temporary customs union” after Brexit to prevent border problems as …

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More executives resign from Trump council

Two more chief executives have resigned from President Trump’s American Manufacturing Council following Charlottesville.Intel’s Brian Krzanich and Under Armour head Kevin Plank have followed Merck’s Ken Frazier in leaving the council.Following mounting pressure, President Trump denounced white supremacists groups on Monday.A woman was killed on Saturday when a car …

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China imposes import bans on North Korean iron, coal and seafood

China is to stop importing coal, iron, iron ore and seafood from North Korea.The move is an implementation of UN sanctions, which were imposed in response to North Korea’s two missile tests last month. China accounts for more than 90% of North Korea’s international trade. Beijing had pledged to …

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CEO becomes third Trump adviser to quit in 48 hours

The chief executive of tech giant Intel is the latest high-profile figure to quit a group that advises the Trump administration. Brian Krzanich said he was leaving the President’s manufacturing council because he was concerned about the harm “our divided political climate” is causing to issues such as equality. …

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Trump orders review of China's trade practices

US President Donald Trump has asked his country’s top trade official to review China’s practices regarding intellectual property.The move was incremental, but could eventually lead to the US imposing trade sanctions.Mr Trump is trying to balance working with China on relations with North Korea, with his “America-first” trade views.Beijing …

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Record-sized data centre planned inside Arctic Circle

Plans to build the world’s “largest” data centre are being made public.The facility is set to be created at the Norwegian town of Ballangen, which is located inside the Arctic Circle.The firm behind the project, Kolos, says the chilled air and abundant hydropower available locally would help it keep …

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