Business & Finance
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NEWS: The new British Prime Minister, Theresa May, has received a friendly boost from Europe’s most powerful woman. During a visit to Germany, the new premier was told by Angela Merkel, “It is to our advantage to have the UK define its negotiating stance in great detail and clarity and to also clearly outline how it sees its future relationship with the EU – these have to be parallel processes.”
Formal talks would not start until Britain invokes Article 50 of the Lisbon Treaty to trigger the start of Brexit, the Chancellor said.
Mrs Merkel added: “It is now up to the British Government to define how it wishes to see its future relationship with the EU and to then also to pursue the following steps – particularly as regards the process leading up to invoking Article 50. Only then will the proper negotiations start.
“I promise you from the German side we will certainly stand up for our interests – just as Britain does for its own citizens. But we will do this in a spirit of friendship.
It’s been a month of diplomatic accreditations, with several ambassadors officially presenting their credentials in Monaco and internationally.
The crisis brought about by Covid-19 cost the Principality €900 million in profits for the first half of the year, the latest report from IMSEE has revealed.
Giulio Alaimo has presented his credentials as the new Ambassador of Italy to Prince Albert.
The latest survey by IMSEE has revealed that the business climate continued to weaken in July, though retail trade and the auto commerce and repair sectors saw slight improvements.