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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Jessica Weisman-Pitts

    Posted on November 19, 2021

    Featured image for article about Top Stories

    PARIS (Reuters) -France said on Friday it was still waiting for Britain to issue 150 more fishing licences to French vessels in a post-Brexit row that has strained British-French relations, and that it would “fight every day” to obtain them.

    The dispute has dragged on since Britain left the European Union, with Paris saying London should have issued more French boats with licences to fish in British territorial waters. Britain says it is respecting the post-Brexit arrangements.

    Tension flared in October, when France briefly seized a British fishing boat in its waters, and both countries sent maritime vessels to waters off the Channel island of Jersey earlier this year.

    “We will continue to fight every day to get what should be ours and so that those 150 licences arrive,” French Maritime Minister Annick Girardin told France Inter radio.

    On Thursday, she unveiled possible 40 million euros ($45.14 million) compensation for affected fishermen.

    The dispute centres on the issuance of licences to fish in territorial waters six to 12 nautical miles off Britain’s shores, and in the seas off Jersey.

    Girardin has been criticised by some French politicians, who suggested the financial compensation could be seen in Britain as a sign that France was ready to give up in the dispute.

    Xavier Bertrand, a possible conservative presidential candidate who represents some of France’s northern regions, said President Emmanuel Macron could do more in the row.

    Bertrand told La Voix du Nord newspaper before talks scheduled with Macron on Friday that the president could reiterate the threat of France pushing up the price of the electricity it supplies to Jersey.

    “We can increase the price at which we sell our electricity over to the Channel Islands, we can control English trucks coming into France,” he said.

    The fishing industry makes a small contribution to the French and British economies but is a lifeline for some coastal communities. Each side accuses the other of using the dispute for domestic political purposes.

    ($1 = 0.8861 euros)

    (Reporting by Sudip Kar-Gupta and Elizabeth Pineau; Editing by Clarence Fernandez and Timothy Heritage)

    PARIS (Reuters) -France said on Friday it was still waiting for Britain to issue 150 more fishing licences to French vessels in a post-Brexit row that has strained British-French relations, and that it would “fight every day” to obtain them.

    The dispute has dragged on since Britain left the European Union, with Paris saying London should have issued more French boats with licences to fish in British territorial waters. Britain says it is respecting the post-Brexit arrangements.

    Tension flared in October, when France briefly seized a British fishing boat in its waters, and both countries sent maritime vessels to waters off the Channel island of Jersey earlier this year.

    “We will continue to fight every day to get what should be ours and so that those 150 licences arrive,” French Maritime Minister Annick Girardin told France Inter radio.

    On Thursday, she unveiled possible 40 million euros ($45.14 million) compensation for affected fishermen.

    The dispute centres on the issuance of licences to fish in territorial waters six to 12 nautical miles off Britain’s shores, and in the seas off Jersey.

    Girardin has been criticised by some French politicians, who suggested the financial compensation could be seen in Britain as a sign that France was ready to give up in the dispute.

    Xavier Bertrand, a possible conservative presidential candidate who represents some of France’s northern regions, said President Emmanuel Macron could do more in the row.

    Bertrand told La Voix du Nord newspaper before talks scheduled with Macron on Friday that the president could reiterate the threat of France pushing up the price of the electricity it supplies to Jersey.

    “We can increase the price at which we sell our electricity over to the Channel Islands, we can control English trucks coming into France,” he said.

    The fishing industry makes a small contribution to the French and British economies but is a lifeline for some coastal communities. Each side accuses the other of using the dispute for domestic political purposes.

    ($1 = 0.8861 euros)

    (Reporting by Sudip Kar-Gupta and Elizabeth Pineau; Editing by Clarence Fernandez and Timothy Heritage)

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