UK should rebuild EU trade relations: Bank of England chief (Photo: AP)Britain should rebuild its trading relationship with the European Union , having struck a trade agreement with the United States, Bank of England governor Andrew Bailey said Friday.Bailey told the BBC that it "would be beneficial" for Britain to have "a more open economy to trade with the European Union".US President Donald Trump on Thursday unveiled a "breakthrough" trade agreement with Britain, the first deal with any country since he launched his global tariffs blitz.The EU remains Britain's trading partner despite Brexit, which saw Britain depart the EU in 2020.However, "there has been a fall-off in goods trade with the EU over recent years", Bailey told the broadcaster regarding Brexit's impact on Britain.Bailey added in the interview that he hoped Britain could "start to rebuild that relationship" with its neighbour.His comments come ahead of a EU-UK summit on May 19 due to reset ties with the 27-nation bloc.The US deal reduces tariffs on British cars and lifts them on steel and aluminium, while in return Britain will open up markets to US beef and other farm products.British Prime Minister Keir Starmer hailed it as a "historic day", although the agreement is thin on details and both sides said there would be more negotiations.Britain this week also struck a free-trade agreement with India , its biggest such deal since it voted to leave the European Union in 2016.

Live EventsNew Delhi: Indian students considering higher studies abroad may find the UK more attractive now, as the new bilateral trade deal promises smoother visas, better job prospects, and lower financial hurdles. The India-UK Free Trade Agreement (FTA) signals a new era of opportunity for over 150,000 Indians already studying there and thousands more preparing to join them-with a bevy of indirect but substantial benefits.These include exemptions from social security contributions for temporary workers for three years; enhanced post-study job opportunities in services sectors like IT, educational, financial and professional services; mutual recognition of qualifications; and easier intra-company transfers, experts said.The FTA commits to reducing paperwork and streamlining visa procedures , and will also help in mutual recognition of qualifications-especially in fields like law, architecture, and accounting, said Akshay Chaturvedi, founder and CEO of study abroad platform Leverage Edu. (Join our ETNRI WhatsApp channel for all the latest updates)"Expanded quotas and faster visa processing for Indian professionals could help students move into full-time roles more smoothly after graduation," he said.This will help those in sectors like IT, finance, healthcare, and engineering, said Chaturvedi.Increasing presence of Indian companies in the UK, too, will help. "While tuition fees may remain high, the FTA could lower indirect costs and make UK education more affordable over time," said Mary Gogoi, head of admissions at eduVelocity Global.Adarsh Khandelwal, cofounder of Collegify, said: "Even marginal financial relief, enhanced scholarships, or easier work rights post study can significantly change affordability and access. "The tuition fees in the UK range anywhere from £10,000 to £38,000 annually, he said.Sonal Kapoor, global chief business officer of fintech platform Prodigy Finance, said any direct impact on tuition fees will depend on future policy details.With the FTA, the UK may now offer Indian students not just world-class education, but a launchpad for a global career as well.

Publication of the Scheme DocumentThe Acquisition is intended to be effected by means of a Court-sanctioned scheme of arrangement under Part VIII of the Companies Act 2006 (the "Scheme"). Action requiredNotices of the Court Meeting and the General Meeting set out in Parts IX and X respectively of the Scheme Document. In providing its advice to the De La Rue Directors, Deutsche Numis has taken into account the commercial assessments of the De La Rue Directors. Scheme Shareholders should carefully read the Scheme Document in its entirety before making a decision with respect to the Scheme. De La Rue shall prepare the Scheme Document to be distributed to De La Rue Shareholders.

Gurvinder Johal, a 37-year-old Indian-origin man, was fatally stabbed inside a Lloyds bank branch in Derby on Tuesday afternoon. Haybe Cabdiraxmaan Nur, a 47-year-old Somalian man, has been charged with Johal’s murder and appeared in court. Another man initially arrested in connection with the case has been released without further action, as confirmed by authorities.

PROPERTY TRANSACTIONSKevin D. and Gina L. Hennessy to Graebel Relocation Services Worldwide Inc.; a property at 933 Newton Road, Newton Twp., for $580,000. Graebel Relocation Services Worldwide Inc. to Robert Mazzatta and Patricia A. Mazzatta; a property at 933 Newton Road, Newton Twp., for $580,000. DIVORCES SOUGHTJoseph Kapalko, South Abington Twp., v. Jamie Kapalko, South Abington Twp. ; married April 12, 2014, in St. John, U.S. Virgin Islands; Brian J. Cali, attorney. Ian Kennedy, Thornhurst Twp., v. Veronica Kennedy, Thornhurst Twp.

Live Events(You can now subscribe to our(You can now subscribe to our Economic Times WhatsApp channelIndian High Commissioner to the UK, Vikram Doraiswami, has raised critical questions about Pakistan's claims of retaliation following India's Operation Sindoor , emphasising that Pakistan's actions are a response to strikes on terrorism infrastructure "If Pakistan says it's retaliating... What are they retaliating about? They're retaliating against attacks on terrorism infrastructure... What does that tell you of their relationship with the terror groups?" "The original escalation is Pakistan's sponsored terror groups' attack on our civilians in Pahelgam on April 22... Our response thereafter was precise, targeted, reasonable, and moderate. "This has been the problem even with materials supplied by the UK or by the US in the past. Essentially, it's been taken on the guise of fighting terror," he noted.

THE response of McDonald’s to the discovery that trafficking and exploitation were taking place in one of its restaurants in Cambridgeshire has been “poor”, the director for modern slavery at CCLA, Dame Sara Thornton, wrote in The Times on Tuesday. There had also been “a lack of engagement with CCLA as an investor after we contacted them about rectifying damage done to the victims”. The franchisees who had run the branch during the exploitation now had almost 50 branches between them, she wrote. CCLA, which began as the Church of England investment fund, is now the UK’s largest charity fund manager. “In addition, last year, we started our partnership with Unseen, a leading expert organisation that specialises in addressing modern slavery issues.

TO THE end of his life, Dix resisted the lure of Rome personally while longing for reunion. Always the historian, and also a son of the vicarage and a father steeped in 19th- century Anglo-Catholicism, Dix yearned for the Church of England to rediscover its sacramental nature. If you have received well, you are that which you have received.”IN 1945, Dix completed his most accomplished work, The Shape of the Liturgy. The Times portrayed him as “extreme”, but also acknowledged his “impish sense of humour and a streak of sheer naughtiness”. His endearing qualities aside, and taking into account his many and varied contributions to the Church, The Shape of the Liturgy constitutes his singular and most enduring legacy.

Davey demands the detailSir Ed Davey, leader of the Liberal Democrats, has said his party has “lots of questions” over the US-UK trade deal. Together with our strong ally, the United Kingdom, we have reached the first, historic trade deal since liberation day. ‘An honour doing business’It has been an “honour” doing business with the UK, President Trump says. No hint on details from defence ministerJohn Healey, the defence secretary, refused to comment on reports of a UK-US trade deal. US expected to confirm dealPresident Trump is expected to confirm the UK-US trade deal later on Thursday afternoon.

President Trump’s desire to “make Hollywood great again” by wielding his preferred economic weapon — tariffs — has sent a shiver through Britain’s film industry. British producers, camera workers, costume designers and other film crew woke up Monday to Mr. Trump’s message that he wanted to impose 100 percent tariffs on films made in “foreign lands.” This threat is particularly alarming in Britain, where Hollywood blockbusters are a critical part of the industry. “It came completely out of the blue,” said Philippa Childs, the head of Bectu, the British union for workers in the creative arts. “It’s pretty frightening.”Last year, nearly 90 percent of the 5.6 billion pounds, or $7.8 billion, spent on film and high-end TV production in Britain came from abroad, mostly the United States, such as the upcoming “Jurassic World Rebirth” and “The Fantastic Four: First Steps.” Britain’s biggest and most esteemed studios are home to streaming giants like Netflix, Disney+ and Amazon Prime. For decades, productions have been drawn to Britain by its generous tax breaks but also its experienced work force, which has been making Hollywood hits since “Star Wars” in the 1970s.

The Trump administration's latest trade deal with Britain unfairly penalizes US automakers that have partnered with Canada and Mexico, a trade group representing Detroit automakers said Thursday.In a sharply-worded statement, the American Automotive Policy Council (AAPC) said the US-UK trade deal "hurts American automakers, suppliers, and auto workers," according to the group's president Matt Blunt.The deal unveiled Thursday between US President Donald Trump and British Prime Minister Keir Starmer lowers the tariff on British vehicles to 10 percent from 27.5 percent on the first 100,000 cars shipped from Britain to the United States.In contrast, AAPC members Ford , General Motors Company and Jeep-maker Stellantis now face import tariffs of 25 percent on autos assembled in Canada and Mexico.The Detroit companies organized their supply chains around the 2020 US-Mexico-Canada Agreement (USMCA), which Trump negotiated in his first term. "We are disappointed that the administration prioritized the UK ahead of our North American partners," Blunt said. "Under this deal, it will now be cheaper to import a UK vehicle with very little US content than a USMCA compliant vehicle from Mexico or Canada that is half American parts. "Trump last week unveiled some steps to lessen the impact of tariffs on imported auto parts in moves applauded by GM and Ford.The Trump administration will allow companies that assemble autos in the United States to deduct a fraction of the cost of imported parts for two years to give the industry enough time to relocate supply chains.In another change, the administration said companies wouldn't face a 25 percent levy on imported steel or aluminum in addition to a 25 percent levy for an imported vehicle.But last weeks' changes did not soften the 25 percent tariff on imported finished autos.The Trump administration plans to negotiate separate agreements with Japan, South Korea and the European Union, all of which export finished autos to the United States. "We hope this preferential access for UK vehicles over North American ones does not set a precedent for future negotiations with Asian and European competitors," Blunt said.

During my early days as an aspiring journalist, fresh out of university, I sat a written test in the course of an application process. I had become extremely used to sitting exams in quiet, sterile, academic environments, cavernous halls bound by strict rules of dress and decorum, where you could hear the scratch of your own pencil. There I was, trying to concentrate, with the random sonic buffet of real life in the background: the burble of conversation, someone opening the ring-pull on a can of Coke, a jackhammer from a nearby building site juddering away. After I turned in my paper, I was asked how I’d found it. I explained, politely but self-righteously, that I’d found it impossible to concentrate; I’d

Trump cuts endanger media, academic freedomsEditor: As a 52-year veteran science educator, I am appalled by President Donald Trump’s barrage of executive orders to manipulate a far-right, radical takeover of educational, informational, and government institutions, making America unrecognizable. Maliciously, Trump has illegally ordered the dismantling/abolishment of the Department of Education by the end of 2026 to subsidize tax cuts for billionaires. Crucial federally funded research at American universities has led to countless breakthroughs in medicine and science, including polio/COVID-19 vaccines, statins, cancer treatments. Calling public media outlets NPR and PBS “radical left monsters,” Trump’s recent unlawful directive would halt federal funding to Northeastern Pennsylvania’s award-winning WVIA-TV (PBS) and WVIA-FM 89.9 (NPR). Demand complicit Congressional Republicans stop President Trump’s out-of-control, dangerous demagoguery, attempting to silence all critics, control all information, defy our Constitution.

And, as of Tuesday, customers no longer receive Rite Aid rewards points for purchases. At that time, Rite Aid announced plans to close more than 150 stores, including those in West Pittston and Tobyhanna. In 1996, Rite Aid spent $1.6 billion to buy Thrifty Payless, a 1,000-store West Coast chain. • 401-403 S. Main St., Old Forge• 1650 Main St., Olyphant• 580 Carbondale Road, Scott Twp. However, the location of some Rite Aid stores in rural areas — like Montrose and Tunkhannock Twp.

US President Donald Trump and British Prime Minister Keir Starmer announced on Thursday a groundbreaking trade agreement with Britain, the first such arrangement since the implementation of global tariffs "This morning I am thrilled to announce that we have reached a trade deal with the UK. "The agreement emphasises the importance of reciprocity and fairness in international trade relations and enhances access for American agricultural products , according to Trump, although he indicated that the final documentation was still in progress. "The final details are being written up," Trump stated in the Oval Office. "The last meeting between Starmer and Trump occurred during a White House visit in February.A major goal of British negotiators has been to reduce or lift the import tax on UK cars and steel, which Trump set at 25%. The $68 billion in goods that the US imported from the UK last year accounted for just 2% of all goods imported into the country.