Articles by Ian Wishart, Nikos Chrysoloras and Tim Ross

Brexit Deadlock Deepens as Hopes Fade for Breakthrough During Crucial Week

The U.K. and the European Union are on course to miss this week’s key milestone on the road to a Brexit deal after talks broke up in stalemate on Sunday, people familiar with the matter said. A weekend of intense …

Brexit Divorce Talks Edge Toward Compromise but Obstacles Remain: UK, EU Officials

Brexit negotiators are edging toward a compromise on the thorniest issue in talks, even as officials on both sides warned that obstacles still stand in the way of a deal. EU chief Brexit negotiator Michel Barnier said Wednesday that a …

EU Eyes Offering `Improved Equivalence’ for UK Financial Services After Brexit

The European Union will consider offering the U.K. “improved equivalence” for financial services after Brexit, according to the bloc’s latest negotiating guidelines, a system Britain has rejected as “wholly inadequate.” The addition to the draft guidelines, obtained by Bloomberg, makes …

Update: UK Prime Minister Rejects EU Draft Brexit Deal as Unacceptable

The European Union presented the U.K. with a draft divorce deal that Theresa May said no British prime minister could ever accept. The pound fell. Brexit talks once again look to be stuck around the intractable issue of the Irish …

China, EU Re-Commit to Paris Climate Agreement – Even if U.S. Withdraws

Chinese Premier Li Keqiang said the world’s No. 1 polluter will stick to its pledges to tackle global warming, underscoring the risk of U.S. isolation if President Donald Trump pulls out of the Paris climate accord. Li made his comments …

Italian Ferry Fire Under Control, Rescue Effort Continues

Italian rescue teams evacuated 340 passengers amid rough seas and high winds from an Italian ferry after a fire broke out yesterday during a route off the Greek island of Corfu. An operation led by Italy put out the fire …

EU Cyber Watchdog Warns: More Money, Action Needed to Combat Hackers

Banks need to put more money into combating hackers who have the potential to wreak havoc throughout the continent, the director of the European Union’s cybersecurity agency said. “We don’t know if there are criminals trying to attack a power …

Allianz, Munich Re’s Ergo Said to be in Talks to Buy Greek Insurer Agrotiki

Allianz SE, Europe’s largest insurer, and Munich Re’s primary insurance unit, Ergo Versicherungsgruppe AG, are in talks to buy Agrotiki Insurance from Greece’s Piraeus Bank SA, said three people familiar with the matter. The price of Agrotiki, also known as …