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Brexit’s toll: UK economy at weakest since financial crisis
London, UK — Mounting uncertainty over Brexit is weighing heavily on the British economy, which slowed last year to its weakest growth rate since the aftermath of the global financial crisis, official figures showed Monday. The Office for National Statistics…
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As US questions free trade, EU and Japan usher in new deal
Brussels, Belgium — The European Union and Japan on Friday ushered in a landmark trade deal they say will boost business between the two economic powers and sends the message that international pacts still have a purpose in an age…
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Foreign Secretary: Brexit may have to be delayed
London, UK — A key member of Prime Minister Theresa May’s government acknowledged Thursday that Britain’s exit from the European Union may have to be delayed if negotiations on a divorce deal drag on. Foreign Secretary Jeremy Hunt told the…
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Most UK ports unprepared for Brexit: survey
London, UK — Whilst pro-Brexit groups foresee a bright future for the UK as a global trading nation, chief executives and directors at ports and harbour authorities around the UK reveal that, with ten weeks to go, little or no…
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UK leader unveils Brexit Plan B, looks a lot like Plan A
London, UK — British Prime Minister Theresa May unveiled her Brexit Plan B on Monday — and it looks a lot like Plan A. May launched a mission to resuscitate her rejected European Union divorce deal, setting out plans to get it…
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Airports, customs, trade: Europe preps for a chaotic Brexit
Paris, France — One by one, European Union nations are spending millions, hiring thousands of workers and issuing emergency decrees to cope with the increasingly likely possibility that Britain will leave the bloc on March 29 without a plan. A…
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If UK Parliament rejects May’s Brexit deal, what’s Plan B?
London, U.K. — British Prime Minister Theresa May’s Brexit divorce deal may not be, as one opposition lawmaker called it, “as dead as the deadest dodo,” but it is definitely ailing. It looks very likely that Britain’s Parliament will reject…
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No Brexit deal could snarl major ports, hitting exports
Hook of Holland, Netherlands — Traffic moves quickly and smoothly at the Hook of Holland ferry terminal on the western edge of Europe’s biggest port, with hundreds of trucks streaming onto ships regularly setting off for the English port of…
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Lack of CETA awareness hindering opportunities for Canadian business: EU trade czar
Montreal, QC — In a warehouse on the outskirts of town, European trade commissioner Cecilia Malmstrom surveyed rows of boxed-up electric bicycles bound for bike-share systems from Honolulu to Sao Paulo. “I wouldn’t bother with the Netherlands,” she said to…
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DHL now offers less-than-container load rail service from Europe to Asia
Bonn, Germany — The demand for rail freight capacity on the “New Silk Road” is continuously increasing, and this land connection is not a one-way street. Rail transport in the reverse direction, from Europe to Asia, is also rapidly growing.…
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Sparx launches weekly LCL service from France to Canada
Toronto, ON — Sparx logistics announced the launch of a weekly less-than-container (LCL) program linking France to Canada. The new service, which will depart from Le Havre and port in Montréal, includes multiple consolidated containers per week and is accessible…
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US, EU and China vie for influence in Eastern Europe
Bucharest, Romania — President Donald Trump on Monday reaffirmed Washington’s support for a business summit that aims to boost connectivity in Eastern Europe and improve ties between the region and the U.S. and European Union. But the West is not…