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Aviation agency hunts staff for 'no deal' Brexit

Britain’s aviation regulator is embarking on a recruitment drive to prepare for a “no deal” Brexit amid increasingly vocal warnings about the potential for flights to be grounded after the UK leaves the EU. Sky News has learnt that the Civil Aviation Authority (CAA) wants to hire as many …

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UK productivity slips in early 2018

Britain’s productivity went backwards during the first three months of the year, thanks partly to the “Beast from the East” cold snap, according to official figures published this morning. The Office for National Statistics said labour productivity fell by 0.4% during the quarter, reflecting continued strong growth in employment, …

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Cameron denies savaging Theresa May's Brexit plan

Friends of David Cameron have denied suggestions he agrees with Boris Johnson that Theresa May’s vision for Britain’s future relationship with the European Union is “the worst of both worlds”. The former prime minister and Mr Johnson met on Thursday evening ahead of a key Brexit summit, in what …

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Inmarsat rejects £2.45bn bid from EchoStar

Inmarsat has rejected a second takeover approach from US rival EchoStar, which valued the UK satellite company at £2.45bn. Shares in Inmarsat sank 10% to 475p in early trading after EchoStar said its latest cash and share offer of 532p had been rebuffed. Inmarsat rejected EchoStar’s first approach in …

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Airbus boss says UK has 'no clue' on Brexit

The chief executive of Airbus has accused Theresa May’s government of having “no clue” on Brexit. The comments by Tom Enders came as the prime ministers meets a divided cabinet at Chequers to discuss Britain’s future relationship with the European Union. Airbus has warned it would leave the UK …

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Beijing gears up for long, bitter trade war with US

If you’re Chinese, it’s obvious: US tariffs are “typical trade bullying”, according to the Ministry of Commerce here in Beijing. China Daily, a state-run newspaper, isn’t so polite. The Trump administration is “behaving like a gang of hoodlums”, it says. Image: Donald Trump and Xi Jinping have appeared to …

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Rolls Royce to sell marine unit for £500m

Rolls-Royce has agreed to sell its loss-making commercial marine business to Norway’s Kongsberg Gruppen for £500m. The Derby-based engineer said the sale of the business, which employs about 3,600 people mostly in the Nordic region, will generate net proceeds of around £350m to £400m. The announcement comes as the …

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China set to retaliate as US tariffs take effect

Beijing said it would be “forced to make a necessary counterattack” after US tariffs on $34bn (£25.6bn) of Chinese goods came into effect. The 25% duties apply to Chinese machinery, electronics and other hi-tech equipment including cars, computer hard drives and LEDs. Tariffs on an additional $16bn (£12.1bn) of …

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Phones to be seized at Brexit talks amid plotting

After a night of cabinet plotting, Theresa May faces a showdown at her country retreat over the UK’s position on Brexit. Ministers will have their phones removed on arrival at Chequers in Buckinghamshire and talks will continue into the night, with the PM warning they have “a duty” to …

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