UK, EU leaders to meet on Monday to finalise N. Ireland deal
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| 📚 Daily Digest | Monday, Feb 27, 2023 | | |  | | | | UK, EU leaders to meet on Monday to finalise N. Ireland deal | | |  | | © Reuters. | | British Prime Minister Rishi Sunak is expected to announce a new deal on post-Brexit trade rules for Northern Ireland on Monday, gambling that the reward of better ties with the European Union is worth any discord it might cause within his own party. In power for only four months, Sunak is pursuing a high-risk strategy that he can find a compromise to improve relations with Brussels - and the United States - without sufficiently angering the wing of his party most wedded to Brexit. | | | | | | | | | | Today's Top News | | Commodities | | Explainer-Why are UK energy bills for consumers still rising? | | British energy regulator Ofgem on Monday lowered its price cap on household energy bills from April, but this will offer little relief to consumers as energy costs continue to rise. Wholesale energy prices have fallen by around 50% from last December but retail bills for households and businesses do not yet reflect this. Here are some reasons why | | | | | Economy | | Buffett blast, Pfizer eyes Seagen, Bund hits 12-year high - what's moving markets | | Benchmark Eurozone bond yields hit a 12-year high as the market pushes out its expectations for the first cut in ECB interest rates. The U.K. and EU are on the verge of settling their differences over Northern Ireland, and potentially triggering another civil war in the ruling Conservative Party, and oil prices fall as Bank of America analysts slash their forecasts for the year. Here's what you need to know in financial markets on Monday, 27th February. | | | | | | | | | | | | | Commodities | | Factbox-How the EU ban on Russian crude affects oil flows | | Russia's crude oil exports to the European Union in January fell to around 600,000 barrels per day (bpd) from 1 million bpd in December as seaborne volumes dried up except to Bulgaria, International Energy Agency (IEA) data showed. | | | | | | | | | | | |
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