FirstFT: EU rejects British plan to rip up Brexit deal

Good morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morning Brussels has insisted it will not renegotiate the EU’s Brexit deal with the UK after London inflamed tensions by launching a bold push to overhaul trading rules for Northern Ireland.

Sheikh Hamdan performs Eid Al Adha prayers at Sheikh Rashid Mosque

Members of the royal family including Sheikh Hamdan bin Mohammed and Sheikh Maktoum bin Mohammed performed Eid Al Adha prayers at the Sheikh Rashid bin Saeed Mosque. A number of other prominent Sheikhs were also present including Sheikh Ahmed bin Mohammed, chairman of the Mohammed bin Rashid Al Maktoum Knowledge Foundation. The sermon was led

UK’s plans to rewrite Brexit deal for Northern Ireland

The British government’s new approach to the Northern Ireland Protocol, outlined in a command paper published on Wednesday, represents a root-and-branch rewriting of the Brexit deal UK prime minister Boris Johnson agreed with the EU in October 2019. To avoid a hard border on the island of Ireland, the deal created a trade border in

World cruise including Dubai stop sells out for AED270,000 per person in three hours

Travel is still a big seller as a four-month, 31 country world cruise costing AED270,000 per person sold out in under three hours. The Regent Seven Seas Cruise leaves from Miami in January 2024. And it takes in 31 countries including the UAE and Oman on its world tour. But let’s be honest. If you’re

Circle CEO: USDC Becoming More Transparent to Meet Accountability Standards

Circle CEO Jeremy Allaire announced that the USDC stablecoin would become transparent, with a summary of USDC reserves and attestations to be published as the company prepares to go public. Circle CEO Jeremy Allaire, in a series of tweets posted on July 8, offered that Circle would make an effort to increase the transparency of

UK warns it could suspend Northern Ireland Brexit deal

Britain on Wednesday warned it was willing to suspend part of its Brexit deal with Brussels unless the EU agrees to a wholesale overhaul of trading rules for Northern Ireland, escalating tensions between the two sides. Brandon Lewis, Northern Ireland secretary, told MPs he wanted to negotiate a new settlement with the EU — but

Ben & Jerry’s bans its products from occupied Palestinian territory

Ice cream maker Ben & Jerry’s have removed their products from occupied Palestinian territory but will still sell ice cream in Israel. In a statement on their website, they said it is “inconsistent with our values for Ben & Jerry’s ice cream to be sold in the Occupied Palestinian Territory (OPT).” Ben & Jerry’s have

LINE Launches Blockchain Development Platform for CBDC Use

LINE, a high-profile South Korean communications company, has launched the LINE Financial Blockchain to foster central bank digital currency (CBDC) use in Asia. South Korean communications company LINE has launched a blockchain platform for development called Line Financial, according to an official post made on July 9. The goal of the platform is to eventually

Tokyo Olympics: Sweden stun USA in women’s football opener

United States forward Megan Rapinoe said they “got bopped” and did “dumb stuff” as they lost their opening match to Sweden at the Olympic Games. The world champions were stunned 3-0 in Tokyo with striker Stina Blackstenius scoring twice, before substitute Lina Hurtig added a third for Sweden. It ended a run of 44 games