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UK trade minister Anne-Marie Trevelyan arrives in India for talks

UK trade minister Anne-Marie Trevelyan arrives in India for talks

BRITISH trade minister arrived in India on Wednesday (12) to begin talks as part of its efforts to sign its own trade deals following its departure from the European Union.

Anne-Marie Trevelyan is due to meet officials in New Delhi before formally launching negotiations with her counterpart Piyush Goyal on Thursday (13), her office said.

Britain is keen to secure tariff reductions on Scotch whisky, as well as concessions on manufacturing and financial services, according to a person familiar with the negotiations.

India, meanwhile, seeks greater opportunities for Indians to live and work in Britain, and any trade deal could be contingent on relaxing rules lowering fees for Indian students and professionals.

A deal with India is a major aim of prime minister Boris Johnson's government, as it seeks stronger economic ties with countries in the Indo-Pacific region.

Late last year, the two countries clashed over Britain's coronavirus quarantine rules, that some Indian legislators called discriminatory.

(Reuters)

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Warner Bros urges shareholders to reject Paramount's £80.75 billion bid, backs Netflix deal

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  • Warner Bros board unanimously rejects Paramount Skydance's $108.4bn (£80.75bn) takeover bid.
  • Netflix's $72bn (£53.7bn) deal for film and streaming businesses deemed superior by board.
  • Paramount backed by billionaire Ellison family, while Netflix offer seen as better financed with clearer structure.

Warner Bros Discovery has told shareholders to reject Paramount Skydance's $108.4bn (£80.75bn) takeover bid, recommending instead a $72bn (£53.7bn) deal with Netflix for its film and streaming businesses.

The board "unanimously" agreed the Netflix deal was in the firm's best interests, despite Paramount claiming its offer was "superior" to the streaming giant's proposal.

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