United Kingdom

Oil falls as coronavirus hits demand; OPEC+ considers deeper cuts

LONDON (Reuters) - Oil prices fell on Monday, dragged down by concern over demand in China after the coronavirus breakout, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support.

Brent crude LCOc1 was down 48 cents at $56.14 a barrel by 1320 GMT, having earlier lost more than $1 to its lowest since January last year at $55.42.

U.S. West Texas Intermediate (WTI) crude CLc1 fell 10 cents to $51.46 after hitting a session low of $50.42, also the lowest since January last year.

Brexit trade deal clash: UK and EU begin sparring over rules

LONDON/BRUSSELS (Reuters) - The European Union and Britain clashed over a post-Brexit trade deal on Monday with Prime Minister Boris Johnson insisting he need not sign up to the bloc’s rules and Brussels warning of tariffs and quotas unless he did.

Britain wants to negotiate a trade deal by the end of 2020, though EU leaders say the further Britain diverges from their rules the less access it will have to the EU market.

UK vows action after police kill ‘convicted extremist’ in terror stabbing

LONDON, Feb 3 (NNN-AGENCIES) — The British government promised sweeping changes to the system for dealing with convicted terrorists released from prison, after police shot dead an extremist who stabbed two people in a busy south London street on Sunday.

London police shoot man wearing a “hoax” explosive device

LONDON, Feb 3 (NNN-AGENCIES) – Police shot dead a man wearing a “hoax” explosive device after a stabbing attack in south London that left three people wounded and was described by police as a “terrorism-related incident”.

The London ambulance service said three people had been taken to hospital after the attack on Sunday in Streatham, a residential district south of the River Thames.

Police said one of the wounded was in a life-threatening condition and that the scene of the incident was fully contained.

Rigid red lines will hamper progress on EU trade deal: Ireland's Varadkar

LONDON (Reuters) - Britain and the European Union should not set such rigid red lines before talks on a trade deal because that could make it more difficult to secure an agreement, Irish Prime Minister Leo Varadkar said on Sunday.

After British Prime Minister Boris Johnson set out a tough position before talks with the EU begin, Varadkar said it was possible for Brussels to offer a Canada-style trade deal but it would need to establish a level playing field.

Britain expects EU to offer Canada-style trade deal as promised: UK's Raab

LONDON (Reuters) - Britain expects the EU to “live up to” its undertakings to offer London a Canada-style free-trade deal, foreign minister Dominic Raab said on Sunday, reiterating that any deal will not require “high alignment” with the bloc’s rules.

After Britain officially left the EU on Friday, the two sides are expected to start negotiating a future trade deal in March, with Prime Minister Boris Johnson setting out his stall in a speech on Monday.

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