cloudy.png
Wednesday September 18th, 2019 11:49AM

The Latest: French winemakers worried by Brexit vote failure

By The Associated Press
Related Articles
  Contact Editor

LONDON (AP) — The Latest on Brexit (all times local):

11:10 a.m.

French wine and spirits makers are warning that Britain crashing out of the European Union without a deal could hurt trade.

A day after British Prime Minister Theresa May suffered an overwhelming defeat over her Brexit deal, the federation of French wine and spirits exporters said Tuesday that "the specter of a 'no deal' could have serious consequences for the economy and the citizens of both parties."

According to the federation, called FEVS, Britain is France's second-biggest destination for exports of spirits and wine and France imports a large quantity of British spirits.

FEVS President Antoine Leccia said: "This vote is prejudicial to the historical and fruitful commercial relationship between our countries."

___

11 a.m.

A top official at the French presidency said Europeans would make no concessions on Brexit that would damage the European Union's core principles, including the integrity of the single market.

The French official said that any request by Britain to seek an extension to the Brexit timetable would need to come with a new plan and a strategy from the British government.

The official was speaking anonymously in line with the French presidency's customary practice.

He added that "nobody believes" the European Union would now be "weak and febrile." ''And I don't think Theresa May believes it", he added.

The French parliament votes on Wednesday afternoon to adopt preparatory measures to get the country ready in case of no deal.

- By Sylvie Corbet

___

10:50 a.m.

Russia's foreign minister says Moscow isn't taking any sides in the controversy over Britain's exit from the European Union.

Sergey Lavrov was speaking Wednesday at a news conference a day after the British parliament overwhelmingly rejected British Prime Minister Theresa May's Brexit deal.

He rejected allegations that Russia was gloating in the turmoil, saying that Russia is interested in seeing a "united, strong and, most importantly, independent European Union."

Lavrov reaffirmed that Russia would stand ready to develop ties with Britain and the EU irrespective of the outcome of talks on British departure from the EU.

___

10:10 a.m.

German Chancellor Angela Merkel says there's still time for negotiations between the European Union and Britain over its departure from the bloc.

Merkel says that she regretted the decision by British lawmakers to oppose the agreement negotiated by British Prime Minister Theresa May and the EU.

Merkel told reporters in Berlin that "we will of course do everything to find an orderly solution, but we are also prepared if there is no orderly solution."

Merkel said "we still have time to negotiate, but we are now waiting to see what the British prime minister proposes."

___

9:45 a.m.

Bank of England Governor Mark Carney says financial markets appear to have taken a fairly benign view of the big defeat of Prime Minister Theresa May's Brexit deal and seem to believe Brexit may be delayed.

Addressing lawmakers on the Treasury Select Committee, Carney said Wednesday that the market reaction since Tuesday evening's vote indicates that investors think the "prospect of no deal may have diminished."

Carney made clear that wasn't necessarily his view and that he wouldn't put too much stock on short-term movements in financial markets. But he also said the move higher in the pound could be an indication that investors think the date when Britain leaves the European Union will be extended.

He said the market interpretation of May's 230-vote defeat reflects "some expectation the process of resolution would be extended."

At present the country is due to leave on March 29 but the government could ask the EU to extend that date.

On Wednesday, the pound was up 0.2 percent at $1.2888.

___

9:35 a.m.

Germany's foreign minister says "the time for little games is now over" on Brexit because the clock is ticking to avert a hard rupture between the U.K. and the European Union.

Heiko Maas suggested British lawmakers who voted against the deal negotiated by Prime Minister Theresa May should recognize the importance of the issue, adding that "we need a solution, and we need it quickly."

Maas told Deutschlandfunk radio that British lawmakers in London so far had only shown "what they don't want, and that's not enough."

He dismissed the notion that May might get a substantially better deal if she goes back to Brussels, saying "if there was anything else one could have offered Britain it would have had to have been done in the last weeks."

Maas wouldn't rule out extending the March 29 deadline for Brexit, but noted that "this won't really be easy, because we have the European elections in May."

___

9:15 a.m.

U.K. financial markets have taken the overwhelming defeat of Prime Minister Theresa May's Brexit deal in stride.

The pound was up 0.1 percent at $1.2869 in early morning trading, while the FTSE 100 index of leading British shares was down 0.1 percent at 6,888.

Though uncertainty surrounding Britain's exit from the European Union remains elevated, many in the markets think May's defeat by lawmakers Tuesday evening makes it less likely the country will crash out of the bloc on March 29 with no deal.

James Smith, an economist at ING, says the "calm market response" suggests investors think at the very least that the government will end up having to seek an extension to the Brexit timetable.

Traders will remain focused on developments in Parliament later, where lawmakers will vote on whether they have confidence in the government.

___

9:10 a.m.

The head of an influential German business lobby group says the U.K. Parliament's vote against the Brexit deal with the European Union shows "hysteria has won."

Joachim Lang, chief executive of the Federation of German Industries, says that lawmakers' rejection of the deal is "dramatic" and "the chance to find a way out of this chaos has been passed up for now."

The group, known by its German acronym BDI, warned that Britain is getting closer to a disorderly departure from the EU and "the responsibility for avoiding this lies solely with the government and opposition in London."

The BDI said trade in goods and services between Germany and Britain amounts to about 175 billion euros ($200 billion) a year.

It said "any uncertainty would endanger tens of thousands of companies and hundreds of thousands of jobs in Germany and especially in the United Kingdom."

___

9 a.m.

Britain's envoy to Germany says the European Union might help avert a "no-deal" Brexit if it's prepared to shift its position on the terms of future border controls with Ireland.

Britain's ambassador in Berlin, Sebastian Wood, says that the current "backstop " solution is opposed both by U.K. lawmakers who want the country to leave the EU, and those who don't.

In an interview with German public broadcaster ARD, Wood noted that Britain wouldn't have the right to get out of the backstop unilaterally "and many have noticed this."

He said "this might be the most important question in the coming days and weeks, and the EU can perhaps be a little helpful in that area."

___

8:50 a.m.

British Prime Minister Theresa May faces a no-confidence vote a day after Parliament rejected her Brexit deal by an historic margin.

May is battling to save her job after staking her political reputation on a last-ditch effort to win support for the divorce agreement she negotiated with the European Union. Though defeat was widely expected, the scale of the rout — 432-202 — was devastating for May's leadership.

Immediately after the vote, Labour leader Jeremy Corbyn tabled a no-confidence motion, saying it will give Parliament a chance to give its verdict "on the sheer incompetence of this government."

Still, most analysts predict May will survive because her Conservative Party and the Democratic Unionist Party, which supports it, are expected to vote against the motion.

___

8:15 a.m.

European Union Brexit negotiator Michel Barnier says the bloc is stepping up preparations for a chaotic no-deal departure of Britain from the bloc after the rejection of the draft withdrawal deal in London left the EU "fearing more than ever that there is a risk" of a cliff-edge departure.

Barnier regretted Westminster's massive rejection of the deal he negotiated with the government of British Prime Minister Theresa May and said that any future deal would still have to include approving the withdrawal agreement.

He said Wednesday that "whatever happens, ratification of the withdrawal agreement is necessary. It is a precondition."

He said that a linked political declaration offered "possible options" for further talks.

  • Associated Categories: Associated Press (AP), AP National News, AP Online National News, AP Online Headlines - Washington, AP Online Congress News, AP World News, AP Business, AP Business - Economy
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
The Latest: French winemakers worried by Brexit vote failure
French wine and spirits makers are warning that Britain crashing out of the European Union without a deal could hurt trade.
6:11AM ( 9 minutes ago )
Zimbabwe police arrest prominent government critic
Zimbabwe police arrest prominent government critic as crackdown grows over fuel price protests
6:09AM ( 11 minutes ago )
The Latest: France: EU will not budge on key principles
A top official at the French presidency said Europeans would make no concessions on Brexit that would damage the European Union's core principles, including the integrity of the single market.
5:55AM ( 25 minutes ago )
Associated Press (AP)
UK government faces no-confidence vote after Brexit defeat
British Prime Minister Theresa May faces a no-confidence vote a day after Parliament rejected her Brexit deal by a historic margin
5:28AM ( 52 minutes ago )
Kenya's president says all gunmen killed at hotel complex
Kenya's president says all gunmen killed after hotel attack that took '14 innocent lives'
5:15AM ( 1 hour ago )
The Latest: Merkel says still time to negotiate on Brexit
German Chancellor Angela Merkel says there's still time for negotiations between the European Union and Britain over its departure from the bloc
5:12AM ( 1 hour ago )
AP National News
Super Bowl planners: Shutdown brings 'uncharted territory'
A day after travelers waited nearly 90 minutes in snail-like security lines at the world's busiest airport, Atlanta's mayor is concerned about the waits that could result when the city hosts the 2019 Super Bowl
1:31AM ( 4 hours ago )
Craft beer taps squeezed as shutdown delays new releases
Craft beer taps get squeezed as government shutdown delays new releases and brewery openings
1:09AM ( 5 hours ago )
Senators consider former lobbyist as EPA's permanent chief
Acting Environmental Protection Agency chief Andrew Wheeler's past lobbying work for coal companies and other industries regulated by the agency is expected to draw scrutiny Wednesday when a Senate committee considers his nomination to the post full time
1:07AM ( 5 hours ago )
AP Online National News
The Latest: Lavrov says swapping American not on horizon
Russia's foreign minister says Moscow isn't considering a possibility of swapping an American arrested on suspicion of espionage for any of the Russians held in the US
5:08AM ( 1 hour ago )
Greek parliament gears up for midnight confidence vote
Greek lawmakers are gearing up for a confidence vote in the leftwing government, which lost its parliamentary majority after its coalition partner walked out to protest a deal to normalize relations with neighboring Macedonia
4:53AM ( 1 hour ago )
The Latest: Lavrov mocks claims that Trump worked for Russia
Russia's foreign minister says that the United States has ignored Moscow's proposal to inspect a Russian missile that Washington says has violated a nuclear arms treaty
4:42AM ( 1 hour ago )
AP Online Headlines - Washington
The Latest: Macron tells Britain "good luck" with Brexit
No-confidence vote in the government of British Prime Minister Theresa May is set for Wednesday after lawmakers plunge Brexit into chaos and U.K. politics into crisis by rejecting May's divorce deal with the European Union.
8:36PM ( 9 hours ago )
After years of King's remarks, why now for the GOP response?
Fellow Republicans' tolerance of longtime Iowa Rep. Steve King appears over, after a seemingly endless string of comments seen as insensitive and even racist
8:13PM ( 10 hours ago )
Senators ask FDA to update rules on certain pot products
Oregon's two senators are urging the head of the U.S. Food and Drug Administration to update federal regulations to permit interstate commerce of food products containing a key non-psychoactive ingredient of cannabis
8:10PM ( 10 hours ago )
AP Online Congress News
The Latest: Lavrov: Russia expects Syrian govt gains in east
Russia's foreign minister says that Moscow expects the Syrian government to take over territory in the country's east following the U.S. military withdrawal
5:32AM ( 48 minutes ago )
The Latest: Kenya leader vows to pursue attack's planners
Kenyan President Uhuru Kenyatta says authorities will "pursue relentlessly" those allegedly involved in the funding, planning and execution of Tuesday's attack on a hotel complex in the capital
3:26AM ( 2 hours ago )
The Latest: Injured soldier taken from scene in ambulance
An injured member of the Kenyan special forces has been taken from the scene of the hotel complex in an ambulance
1:58AM ( 4 hours ago )
AP World News
World shares advance but Britain slips on Brexit limbo
World shares advance, Britain slips after lawmakers reject May's plan for Brexit
4:31AM ( 1 hour ago )
Asian shares higher despite growth worries, Brexit limbo
Asian shares higher despite growth worries, uncertainties over Brexit
2:27AM ( 3 hours ago )
Northridge earthquake shattered Los Angeles 25 years ago
Twenty-five years ago this week Los Angeles was violently shaken out of its sleep by the pre-dawn Northridge earthquake and sunrise revealed a gravely injured metropolis, with dozens killed and $25 billion in damage
1:45AM ( 4 hours ago )
AP Business
The Latest: Spain calls reopening Brexit talks 'dangerous'
The Spanish government has warned that the Brexit deal British lawmakers rejected was "the best possible" and that reopening negotiations "would lead to a dangerous scenario."
5:00PM ( 13 hours ago )
Federal workers take on odd jobs to make ends meet
Other government workers are driving for Uber, relying on word of mouth and social networks to find handyman work and looking for traditional temp gigs to help pay the bills during the longest shutdown in US history
4:52PM ( 13 hours ago )
Similar struggles have led to recent teacher strikes in US
Los Angeles teachers have complaints about pay, class size, school funding and charter schools that are similar to those that led educators in other states to strike
4:01PM ( 14 hours ago )
AP Business - Economy
Zimbabwe police arrest prominent government critic
Zimbabwe police arrest prominent government critic as crackdown grows over fuel price protests
6:09AM ( 11 minutes ago )
The Latest: France: EU will not budge on key principles
A top official at the French presidency said Europeans would make no concessions on Brexit that would damage the European Union's core principles, including the integrity of the single market.
5:55AM ( 25 minutes ago )
Barr seeks to assure senators he won't be a Trump loyalist
Questioned by Senate, Barr tries to assure Democrats that he won't be a Trump loyalist as attorney general
5:49AM ( 30 minutes ago )
The Latest: Russia says it stands neutral on Brexit
Russia's foreign minister says Moscow isn't taking any sides in the controversy over Britain's exit from the European Union.
5:49AM ( 31 minutes ago )
The Latest: Break a leg? Not a good luck charm in tennis
A sprinkling of rain over Rod Laver Arena during the first set of Roger Federer's second-round match against Dan Evans at the Australian Open prompted the question from the chair umpire as to whether the weather was OK to keep playing in
5:39AM ( 40 minutes ago )