US & World

Brexit: EU’s Barnier warns of ‘long road ahead’

[ad_1] Image copyright AFP Image caption Mr Barnier (L) formally hands the agreement to European Council head Donald Tusk The EU says much work still needs to be done on Brexit, despite agreeing a draft withdrawal document with the UK."We still have a long road ahead of us on both sides," chief negotiator Michel Barnier said.The EU has set out a series of meetings leading to one on 25 November
Business

Patisserie Valerie warns it is on the brink of collapse

[ad_1] Image copyright Getty Images The owner of Patisserie Valerie has said the cafe chain needs "an immediate injection of capital" to continue trading in its current form.The stark statement to investors comes after the firm uncovered "significant, and potentially fraudulent, accounting irregularities".It also belatedly discovered HMRC filed a winding-up petition against one of its principal subsidiaries a month ago and is seeking £1.14m in taxes.The firm has more than
Politics

‘No deal Brexit’ would damage both sides, warns ex-EU boss

[ad_1] Image copyright Getty Images Image caption Franz Fischler says consumers need to show more patriotism towards local food, as they do in Austria Both sides in the Brexit negotiations face "enormous negative consequences" if they fail to reach a deal, a former EU commissioner has warned.Franz Fischler was EU Commissioner for Agriculture, Rural Development and Fisheries between 1995 and 2004.Mr Fischler told BBC Wales there was a "clear risk"
Politics

Exports risk delay at borders in no-deal Brexit, watchdog warns

[ad_1] Image copyright Getty Images The UK's lucrative food export industry could be at risk in the event of a no-deal Brexit, a report has warned.Food consignments and livestock could be delayed at UK borders if more vets aren't recruited to process them, the National Audit Office has said. Defra said it has expanded its workforce and is preparing for a range of Brexit scenarios.But the Committee of Public Accounts
Business

Trump warns further China tariffs ‘ready to go’

[ad_1] Image copyright Getty Images US president Donald Trump has threatened to intensify his trade war with China, warning he could impose tariffs on almost all its imports.He said he could move "very soon" to impose tariffs on $200bn (£155bn) worth of products with taxes on another $267bn "ready to go on short notice".If both sets of tariffs go ahead it would mean virtually all of China's US exports would
Education

Kate Winslet warns of ‘shame’ of illiteracy

[ad_1] Image copyright Getty Images Image caption Kate Winslet says living without being able to read and write is like a "life in hiding" Kate Winslet has said too many women can be trapped by a sense of "shame" over illiteracy - where they conceal problems rather than get help.The actress was speaking at the launch of a National Literacy Trust project to improve literacy skills and employment chances for
US & World

Syria Idlib: Trump warns of ‘grave humanitarian mistake’

[ad_1] Image copyright Getty Images Image caption Rebel fighters in Idlib are preparing for an attack by pro-government forces US President Donald Trump has warned the Syrian government and its Russian and Iranian allies against "recklessly" attacking rebel-held Idlib province. In a tweet he warned of "a grave humanitarian mistake" in which hundreds of thousands of people could be killed. Syrian government forces are said to be preparing a huge
Business

RBS warns of no-deal Brexit loss of customers

[ad_1] Image copyright Getty Images Image caption Ross McEwan said 150 senior staff had been moved to the bank's new operation in Amsterdam The chief executive of Royal Bank of Scotland has warned that the bank may have to shed a number of business customers if there is no Brexit deal.Ross McEwan said 150 RBS staff had been deployed to Amsterdam to set up a new operation serving the bank's
Business

Grand National ‘could be hit by no deal Brexit’ warns racing group

[ad_1] Image caption Davy Russell (left) claiming this year's Grand National Next year's Grand National could look very different if the UK leaves the European Union without a deal, the British Horseracing Authority warns.Crashing out of the EU would potentially have a huge impact on Irish trainers and Irish horses.And it could see the end of the Tripartite Agreement system which allows horses to be easily moved between the UK,
Business

Mulberry warns House of Fraser collapse will cost it £3m

[ad_1] Image copyright Mulberry Luxury handbag maker Mulberry is putting aside £3m to cover costs relating to House of Fraser's collapse.Mulberry operates 21 House of Fraser concessions, employing 88 people.Its estimate follows a review of the debts and potential costs that may result from the store chain's restructuring by buyer Sports Direct.Mulberry also warned that its full-year profits could be "materially reduced" if current tough conditions continued in the second