Murdochs' bid for Sky could undergo further regulatory scrutiny in Britain

British regulators have completed a comprehensive review of 21st Century Fox’s proposed takeover of the European pay-TV giant Sky, but the nearly $15-billion deal might undergo further regulatory scrutiny.

Britain’s secretary of state for culture, Karen Bradley, said Tuesday that she would decide by June 29 whether Fox’s proposed takeover of Sky would be referred to the Competition and Markets Authority for further review.

20 Other Related Articles

LA Times -
Divorce talks finally begin between Britain and the European Union

Amid deep uncertainty over the future relationship between Britain and the European Union, negotiators from both sides did their best to put a positive spin on the first official day of divorce talks.

The talks will address a number of issues, including how much money Britain will owe the political and economic union, the rights of British citizens in the EU and EU citizens in Britain, and how to minimize the effects of the split on the fragile peace between Northern Ireland and Ireland.

Wall Street Jurnal -
Ahead of Brexit, Cars Produced in Britain Become More British

“While it is good that British cars are becoming more British, the process takes considerable time,” said Mike Hawes, chief executive of the Society of Motor Manufacturers & Traders, the organization representing Britain’s car industry.

The number of locally-sourced components in cars manufactured in Britain is on the rise, and that could result in higher costs for automakers in the long run. In 2017, 44% of all components used by car manufacturers in the U.K. came from domestic suppliers, compared to 41% in 2015 and 36% in 2011, according to a study by the Automotive Council, an industry body.

The Guardian -
Brexit: UK caves in to EU demand to agree divorce bill before trade talks

British negotiators have capitulated to key European demands for a phased approach to Brexit talks, agreeing to park discussions on free trade until they have thrashed out the cost of the multibillion-euro UK divorce settlement.

Whitehall officials had feared that future trade deals could be held to ransom while the EU extracted the highest possible divorce settlement from a weakened UK government.

Brexit negotiations: Barnier rules out 'concessions'

For Labour, shadow Brexit secretary Sir Keir Starmer said there was "real confusion" about the government's mandate after the general election result.

The EU's chief negotiator said there would be "substantial" consequences from Brexit after the first round of talks with the UK. Michel Barnier said he was "not in the frame of mind to make concessions or ask for concessions".

New York Times -
‘Brexit’ Talks Open in Brussels, With a Mountain to Climb

“The Europeans are very clear about their position on the Brexit talks, but it’s very difficult to see any such clarity on the British side, since there might not even be the same government there in a few months’ time,” said Fabian Zuleeg, director of the European Policy Center, a research organization in Brussels. “Any deal reached in Brussels might not even politically pass the British Parliament, and then we end up with a chaotic exit.”

Wall Street Jurnal -
What Happens Now With the U.K. and Brexit?

Appeared in the June 19, 2017, print edition as 'What’s Ahead for the U.K. and Brexit.'. Gerard Araud, Sir Kim Darroch and Boris Ruge offer their thoughts on Britain’s surprising vote

RUGE: Well, the first response is that we’re not negotiating with the U.K., the EU 27 are negotiating with the U.K. It’s no doubt true that German business and business in France will make its voice heard.

Global News -
Brexit: The key players negotiating Britain’s exit from the E.U.

The Brexit talks to lead Britain out of the European Union kicked off Monday and the chief negotiators are already on a first-name basis.

His commission, the EU’s executive branch, is leading the Brexit talks and Juncker is bound to leave his prints on any outcome.

Washington Post -
Negotiations begin over British split from European Union

Britain and the European Union opened difficult negotiations Monday that will end the country’s 43-year membership in the economic and political alliance — even as Britain remained sharply split over what to seek in the unprecedented divorce.

The first formal negotiations took place just short of a year after British voters narrowly decided to leave the European Union, which was long a source of love-hate angst in British politics.

New York Times -
Movers: Formal ‘Brexit’ Talks Open

Delivery Hero, a German online food delivery company, said on Monday that its initial public offering this month could raise about $1 billion.

• Wilbur Ross, the United States commerce secretary, gives a welcome address at the start of a two-day investment summit meeting in Washington, and will moderate a panel on business and economic trends with Mary Barra, the chief executive of General Motors.

Wall Street Jurnal -
Yanis Varoufakis warns the U.K. needs 5 years to seal a Brexit deal

Yanis Varoufakis, the former finance minister of Greece, said Theresa May has “no chance” of negotiating a successful Brexit deal for the U.K. and would need at least five years to conclude any divorce settlement for Britain. Varoufakis, who led negotiations with creditors during the 2015 Greek government-debt crisis, told Financial News: “There is no way Brussels will allow a deal that leaves Britain in a better place.”

The Guardian -
Brexit: David Davis and Michel Barnier begin discussions in Brussels

The lead negotiators, David Davis and Michel Barnier, representing the UK and the European commission respectively, posed for the cameras before several hours of initial discussions.

Barnier and Davis, who last met briefly in November, appeared relaxed and were on first-name terms, but the two sides begin discussions poles apart on a host of contentious issues, particularly the size of any Brexit settlement and the compatibility of Britain’s trade ambitions with EU law on immigration.

Finsbury Park attack: What we know so far

The incident happened shortly before 00:20 BST on Monday, 19 June, when the vehicle mounted the pavement outside the Muslim Welfare House on Seven Sisters Road, near Finsbury Park Mosque.

"We don't yet know the full details, but this was clearly a deliberate attack on innocent Londoners, many of whom were finishing prayers during the holy month of Ramadan," he said. "While this appears to be an attack on a particular community, like the terrible attacks in Manchester, Westminster and London Bridge, it is also an assault on all our shared values of tolerance, freedom and respect."

Reuters -
With a weakened leader and reeling from crisis, Britain hurtles into the Brexit unknown

At one of the most important junctures for Europe and the West since the 1991 fall of the Soviet Union, May's government is reeling from a crisis of her own making - the loss of her parliamentary majority in a June 8 snap election she did not need to call.

The turmoil of the euro zone crisis, fears in Britain about immigration and a series of miscalculations by former Prime Minister David Cameron prompted Britain to vote by 52 to 48 percent for Brexit in a June 23 referendum last year.

New York Times -
‘Soft Brexit’ Supporters Rise in Britain on the Eve of Talks

After the recent stunning general election, in which her governing Conservative Party lost its parliamentary majority, Mrs. May faces pressure from both inside and outside the party to soften her plans to exit the bloc, a process known as Brexit, as talks are set to begin on Monday.

The new and changed political landscape makes the prospect of two diametrically opposed outcomes more likely, he said: “a softer Brexit” or “a chaotic Brexit.”

The Guardian -
Big business leaders press Theresa May to rethink hard Brexit

Senior business figures have heaped further pressure on Theresa May to change course for a softer Brexit in the wake of the election, amid fresh warnings of the impact of immigration controls and leaving the single market.

Stuart Rose, the Tory peer and chairman of online grocer Ocado, who backed Remain, said the election had been a “proxy re-referendum” against hard Brexit. Karan Bilimoria, the founder of Cobra beer and Remain backer, said the prime minister had “zero credibility” and that Britain could now rethink leaving.

UK to agree Brexit divorce bill before trade talks - EU sources

The UK has agreed to sort out its EU "divorce bill" and citizens' residence rights before starting Brexit trade talks, EU sources have told the BBC.

A spokesman for Mr Davis's Brexit department stressed that nothing had changed as far as the UK was concerned and trade talks must take place alongside withdrawal talks. "Both sides will also discuss the structure of the negotiations and the issues that need to be addressed over the coming months."

Reuters -
Pay up, make nice if you want 'soft Brexit', EU to tell May

"If they refuse to pay, there will be no agreement," a senior official handling Brexit for one EU member state government told Reuters. "However, discussing about the amount of money, here there will be flexibility," he added.

If she does take a gentler tone, then the chastened prime minister could win valuable concessions in Brussels in negotiations due to start next week, some think. A week after May lost her majority in an election she had called in the hope of strengthening her hand in the talks, some fellow Conservatives want her to focus more on limiting the damage to business and less on cutting immigration and other ties to the EU when Britain leaves the bloc in March 2019.

Reuters -
Hard or soft Brexit aside, pound nervous of economic slowdown

Many had begun to assume that would be the full extent of the "Brexit discount" demanded by overseas investors to keep faith with the world's fifth-largest economy.

Markets now assume May's failure to secure her party a majority will lead to a softening of the government's Brexit stance to give greater priority to a close trading relationship with the EU. But there's little confidence that the planned loose support agreement with Northern Irish Unionists can keep her minority Conservative government afloat for long, or whether May herself can cling on as premier for the two years of divorce talks.

The Guardian -
Brussels plan could force euro clearing out of UK after Brexit

Brussels has published proposals that could force London’s prized euro-clearing trade out of the City after Brexit, as the EU plans for life without Europe’s biggest financial centre.

Euro clearing is essential to the flow of money around the world: clearing houses act as an intermediary between two sides of a trade conducted in euros, such as derivatives contracts designed to shield businesses from sudden shifts in interest rates or currencies.

Reality Check: Has the election changed EU views of Brexit?

As Theresa May negotiates with the Democratic Unionist Party after losing her Commons majority in last week's general election, has the view of Brexit changed in key EU capitals?

However, the same nationwide poll found that the proportion of Swedes who are in favour of EU membership has actually increased since Britons voted for Brexit, while UKIP's poor showing at the ballot box is being seen as an encouraging sign by those seeking to limit SD's influence in the Swedish parliament.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte