World Fifteen European Union countries including Britain signed the first project under its new defence research fund on Wednesday, the latest small step towards integrating European militaries and their industries. 29 Mar 2018 01:25AM Bookmark BRUSSELS: Fifteen European Union countries including Britain signed the first project under its new defence research fund on Wednesday, the latest small step towards integrating European militaries and their industries.While the 35-million-euro (US$43 million) EU grant for naval surveillance technology is modest, the fund aims to grow from its pilot phase to a multi-mullion-euro undertaking from 2021."It's an important moment, we've managed to gather together 42 companies from 15 member states," European Industry Commissioner Elzbieta Bienkowska told reporters following a signing ceremony.Italy's aerospace and defence group Leonardo SPA will lead the Ocean2020 project that also includes Estonia, France, Greece, Lithuania, the … [Read more...] about Britain joins first project backed by new EU defence research fund
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UBS: 12% of European businesses plan on ‘pulling all of their capacity’ out of the UK
source Handout / Getty The number of foreign businesses looking to leave Britain as a result of Brexit is falling. Twelve per cent of Eurozone businesses with operations in the UK plan on “pulling all of their capacity out of the UK as a result of Brexit,” according to a survey from Swiss bank UBS That’s down from 15% at the time of a previous survey by the bank. LONDON – The proportion of foreign businesses looking to leave Britain as a result of Brexit is falling, according to a survey from Swiss bank UBS. The survey, conducted by the UBS Evidence Lab found that 12% of Eurozone businesses with operations in the UK plan on “pulling all of their capacity out of the UK as a result of Brexit.” That is substantially from the 15% share with the same plan at the time of UBS’ previous survey. The share of businesses planning on moving any of their operation out of … [Read more...] about UBS: 12% of European businesses plan on ‘pulling all of their capacity’ out of the UK