Deal

    • Not enough time for full new EU-UK deal by end-2020

      Not enough time for full new EU-UK deal by end-2020

      There is not enough time to negotiate all aspects of the future relationship between the EU and Britain by the end of this year so both sides will have to choose what they want to focus on, Commission President Ursula von der Leyen said on Wednesday. Speaking at the London School of Economics, she said that for the EU the priority is to uphold the integrity of the bloc's single market and its customs union.

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    • Emirates announces order for 50 Airbus A350s

      Emirates announces order for 50 Airbus A350s

      Dubai-based carrier Emirates announced on Monday it would be buying 20 additional wide-body Airbus A350s, bringing its total order for the aircraft to 50 in a deal worth $16bn at list price. Separately, the Emirati budget carrier Air Arabia announced the purchase of 120 new Airbus planes in deal worth $14bn.

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    • US, China 'close' on some parts of trade deal

      US, China 'close' on some parts of trade deal

      The US and China are reportedly “close to finalising” the first phase of a trade agreement after high-level officials spoke over the phone Friday, the US Trade Representative’s office announced. If successful, the first phase of the deal would postpone an upcoming increase of tariffs on Chinese goods in exchange for Beijing drastically increasing imports of American crops.

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    • Russia, Saudi Arabia seal key oil deal

      Russia, Saudi Arabia seal key oil deal

      Russian President Vladimir Putin signed a key deal Monday with Saudi Arabia during a key visit for an OPEC+ grouping aimed at stabilising global oil prices and seeking to calm regional tensions with Iran. Putin's visit was the first one to the kingdom in over a decade and followed attacks on Saudi oil installations that Saudi Arabia and the United States have blamed on Iran, an ally of Moscow.

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    • Trump announces 'first stage' of Japan trade deal

      Trump announces 'first stage' of Japan trade deal

      US President Donald Trump announced on Wednesday that Washington and Tokyo had taken a major step towards sealing a comprehensive new trade deal, after a year of negotiations between the global economic powers. Sitting next to Japanese Prime Minister Shinzo Abe, Trump said the leaders "formally announce the first stage of a phenomenal new trade agreement. The pact is a rare trade success for the president who has struggled to secure pacts with other trade partners, including China.

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    • Mastercard announces its largest acquisition

      Mastercard announces its largest acquisition

      In its biggest acquisition to date, Mastercard will buy Nets for 2.85bn euros ($3.19 billion). With the purchase of the Denmark-based payments platform, Mastercard is picking up an electronic billing platform that offers clearing and instant payment services, continuing its efforts to move beyond plastic, according to a statement on Tuesday.

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    • Boeing loses $6bn order to Airbus

      Boeing loses $6bn order to Airbus

      Saudi Arabia’s flyadeal is terminating a prior order for Boeing’s 737 Max jet and is switching to European rival Airbus, in what is seen as the latest blow to the American manufacturer as it seeks to return the beleaguered fleet to flight after two fatal crashes. The budget airline, which in December said it would purchase 50 Max jets, announced on Monday that it will instead purchase 50 Airbus A320neo narrow-body jets, a direct rival to Boeing’s update to the popular 737 airliner.

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