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EU to offer Brexit concessions ahead of new round of UK talks

Bloomberg The European Union will offer a new package of concessions to the UK that would ease trade barriers in Northern Ireland, as the two sides prepare for a new round of contentious Brexit negotiations. Maros Sefcovic, the EU’s chief Brexit negotiator, was expected to offer to cut as much as 50% of the customs checks in Northern Ireland and ...

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Merkel, Xi say goodbye with chat on relations

Bloomberg German Chancellor Angela Merkel and Chinese President Xi Jinping discussed the EU’s stalled investment accord with China, human rights and other issues in a “farewell” bilateral talk. Preparation for the G-20 summit, fighting climate change and grappling with the global pandemic were also discussed in the video conference on Wednesday, Martina Fietz, Merkel’s deputy spokeswoman, said in a statement ...

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Bank of Korea mulls timing of next hike after standing pat

Bloomberg Bank of Korea (BOK) Governor Lee Ju-yeol gave his strongest signal yet that a rate hike is likely in the works for November as he flagged worsening financial imbalances, growing inflationary pressures and solid recovery momentum. The central bank’s decision to hold rates at 0.75% was opposed by two members who called for a back-to-back increase following August’s liftoff. Dissension ...

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