EU and UK reach accord on cross-border trade and travel in Gibraltar
In a post on social media, Šefčovič praised the deal as 'a truly historic milestone: an EU-UK political agreement on the future relationship concerning Gibraltar. This benefits everyone and reinforces a new chapter in the relationship.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
Made in Canada: Orange juice imports from the U.S. have been squeezed dry. What other easy food and drink swaps can Canadians make?
As tariffs continue, a buy-local expert shares how Canadians can find substitutions to imported products including fruit and alcohol. The ongoing trade war between Canada and the United States is influencing consumers' buying decisions, especially at the grocery store, where shoppers are already faced with higher prices due to inflation. Canadian customers are opting to buy Canadian products and brands, which are exempt from tariffs. Plus, there's the added bonus of supporting Canadian producers who may be subjected to U.S. import tariffs themselves. A recent Yahoo Canada poll showed that 49 per cent of more than 1,800 readers are only shopping Canadian products amid tariffs from U.S. President Donald Trump. Out of all the voters, 40 per cent indicated they try to shop local when possible, whereas 11 per cent are purchasing the cheapest items they can. It's a change in shopping habits that has impacted American imports to Canada — specifically with orange juice from Florida. Newly released data from the U.S. Census Bureau showed that in June, orange juice shipments from the U.S. to Canada fell to their lowest level in more than two decades. While weather and disease have played roles in harming Florida's supply of the citrus, it's worth noting that many Canadians are simply looking for other supplies for their groceries. Lately, it's also been easier to know which products are Canadian: Some grocery stores have labelled Canadian-made products with signage to help shoppers discern which products are local, and we've also published a handy guide on how to buy Canadian brands during the trade war. Traditionally, Canada is a significant importer of food, especially fruits, vegetables and processed foods, with the U.S. being a major supplier. In 2019, Canada was the sixth largest importer of agri-food and seafood products in the world, and the top supplying partners were the U.S., the EU, Mexico, China and Thailand. In 2019, Canada's top five imports were wine, baked goods, food preparations, coffee and pet food, followed by chocolate, fresh berries, fruits and nuts, fresh vegetables, spirits and liqueurs, bottled water, crustaceans, sauce/condiments, prepared fish and prepared meat. Amy Robinson is the founder and executive director of LOCO BC, a Vancouver-based non-profit that helps promote buy-local initiatives to consumers, businesses and governments. She's also an expert on how to buy local, no matter where you live in Canada. Robinson spoke to Yahoo Canada to share easy food swaps Canadians can make for some of our biggest imports from the U.S. Easy food swaps to make Here's the good news: Apart from some imported tropical fruits and vegetables, there are Canadian alternatives for nearly all the top imported agri-food and seafood products. It just takes a little extra time and research to find them. Robinson herself is getting creative with her grocery list and opting for local foods, even if there's not a direct alternative. 'My husband put broccoli and cauliflower on our grocery list. I couldn't find anything that's local right now, it's all coming from the U.S. So I said to him, let's think about what other foods we could eat,' she said. 'We're in Vancouver, so we have tons of local mushrooms. I found some local Asian greens, and we're buying Living Lettuce that comes from Calgary.' The first step, of course, is to read the labels first to find out whether the food item is locally or regionally made. Then, opt for produce that's in season, even if it's not a staple you usually go for. 'Think of the way restaurants prepare menus seasonally based on what's available — if you want to eat local and support local farmers and support local manufacturers, then build your menu around that.' This may mean eating foods like potatoes, onions, carrots and squashes in the colder months, or local apples and pears that can be stored for long periods. If you're used to only shopping at the grocery store and you're having trouble sourcing fresh produce, Robinson recommended visiting farm gate sales or farmers' markets to buy from local farmers directly. Robinson recently visited a farm in Delta, B.C., and she was surprised at the variety of fresh produce they had, including beets, leeks, onions, carrots and apples. 'They get the most money from your purchase, because they're not having to sell it to a retailer first,' she said. Farmers' markets are common across Canada, with local produce, baked goods and small businesses selling items such as jams, condiments and sauces. Orange juice Swapping out oranges and orange juice from the U.S. is top of mind for many shoppers. Oranges are tough to grow in Canada, so it makes sense that in 2023 nearly half of Canada's fresh or dried orange imports came from the U.S. However, there are alternatives, such as trying out apple juice made from Canadian apples. SunRype, based in Kelowna, B.C., makes apple juice made from 90 per cent Canadian apples. Its parent company, Lassonde, is based in Canada and includes Oasis, Rougemont, Old Orchard and SunRype juices. If you're looking to switch it up further, try Terra Beata Farms' cranberry juice, which is farmed near Lunenburg, N.S. Patience Fruit & Co's blueberry juice is another option, which uses blueberries sourced from Quebec and New Brunswick. If nothing will quench your thirst like orange juice, don't fret. Brazil is actually the world's largest producer and exporter of oranges, and you can source Brazilian orange juice at the grocery store. For example, Oasis, the largest Canadian-owned juice brand, sources its oranges from Brazil. Supermarkets also stock oranges from Morocco and Portugal, but be wary that disease and weather has impacted crops in these countries, too. Click here for more food and beverages made in Canada Bourbon There are strict rules for bourbon, but bourbon-lovers looking to support Canadian brands have plenty of alternatives to their go-to Kentucky-made distilled spirit to sip and savour. Does Canadian bourbon exist? Kind of. Technically, bourbon can only be called bourbon when it's produced in America, however, there are many Canadian distilleries producing whisky and corn whisky here at home. Canadian whisky from brands like Crown Royal, Canadian Club and Forty Creek are tried and tested favourites, but there are plenty of other alternatives to Kentucky bourbon like Bearface and Okanagan Spirits that make bourbon-style (corn) whiskies. Rig Hand Distillery in Edmonton is another option that makes corn whisky using grain and barley from Alberta to produce a 51 per cent corn product aged in new barrels. It meets a majority of the criteria for bourbon — it's just not made in the states. Coffee When it comes to finding local coffee, which is among Canada's top imports from the U.S., Robinson recommended researching locally owned businesses. Some companies that are sold coast-to-coast include Kicking Horse Coffee, Balzac's Coffee and 49th Parallel Coffee. There are smaller hyper-local coffee roasters across Canada, too. 'Everybody's got great local roasters near them, just discover what's in your area,' she said. Click here for more coffee, tea and other beverages made in Canada Baked goods Local baked goods are easily found at farmers' markets or bake sales. If you want to swap your flour products, Robinson recommended Anita's Organic Mill. It's a flour mill in B.C. that sources grains from Canadian farmers and mills them in Chilliwack, and then sells packaged items such as flour, oats and pancake mix at retailers across Canada. Prepared foods For prepared foods, Robinson recommended checking out the local aisles at the grocery store. 'I discovered this amazing cracker company called Cedar Valley,' she said. The Windsor-based company makes authentic pita chips made with 100 per cent coconut oil, and they're sold in more than 1,300 grocery stores across Canada. 'Those things are so addictive. They're amazing." For canned foods, Robinson recommended checking out a Co-op branded grocery store: 'Their Co-op products are often made in Canada and often with Canadian ingredients, like canned tomatoes.' Nuts Believe it or not, there are nut producers in Canada. Hazelnuts and black walnuts are grown in B.C. and in the Great Lakes-St. Lawrence region. In Ontario, artisan nut producer Jewels Under the Kilt sells pecans, walnuts and hazelnuts, while in Vittoria, Ont., Kernal is the largest peanut grower in Canada. In Quebec, you can shop from black walnut producers like Jolies Mi-Noix and Au Jardin des noix. As always, look for producers closest to you. Spirits and liqueurs Provincial liquor stores have been leading the charge when it comes to hitting back against the U.S. tariffs. Ontario, Quebec, Alberta and Nova Scotia, among other provinces, have pulled American alcohol and wine off the shelves, leaving it pretty easy to shop local. 'The provincial liquor stores are pretty good in that, at the top of each aisle, it will give you the country of origin,' Robinson said. 'So it's pretty easy to go, OK, this is the aisle that I shop in.' Canada has many wine regions, from B.C.'s Okanagan Valley to Nova Scotia's Annapolis Valley, and throughout Ontario. Producers coast to coast make hard seltzers and sodas, like NÜTRL Vodka Seltzer in B.C., Cottage Springs in Ontario and Blue Lobster vodka sodas out of Nova Scotia. Small-scale craft breweries have been popping up across the country for years, and there are local breweries in every province, whether it's Saskatchewan's Pile O'Bones Brewing, Quebec's Frampton Brasse or Tatamagouche Brewing Co. in Nova Scotia. Click here for more wine, beer and spirits made in Canada Pet food 'My dog eats raw food, and so I buy it directly from the producer,' Robinson said. CRUDO by Surrey Meat Packers is a pet food supplier in Burnaby, Surrey and Vancouver, and they also sell wholesale to retail stores. If you're having trouble sourcing locally-made pet food in your area, however, buying from an independently owned business still makes an impact. In fact, research from LOCO BC found that shopping at locally owned businesses creates four to eight times the economic impact of buying from multinational corporations. 'So if people can look for a locally-owned pet store rather than buying at a gigantic supermarket or one of the big chain pet stores, they're going to know their inventory really well, and they're way more likely to stock local products,' Robinson explained. Click here for more pet food brands made in Canada
Time Business News
34 minutes ago
- Time Business News
Step-by-Step Guide to Successful Company Formation in Europe
Expanding into Europe is one of the most effective ways for businesses to scale globally. Europe offers access to a unified market, robust legal frameworks, and unmatched credibility in international trade. Whether you're a startup, SME, or multinational, establishing a European entity can open new growth opportunities. This guide walks you through the step-by-step process of company formation in Europe, ensuring a smooth and compliant expansion. Europe has long been a magnet for businesses due to its stability, diversity, and opportunities. Here's why: Access to the Single Market : Reach over 450 million consumers with free trade within the EU. : Reach over 450 million consumers with free trade within the EU. Strong Legal & Regulatory Frameworks : Transparent systems that attract investors. : Transparent systems that attract investors. Tax Incentives : Countries like Ireland and the Netherlands offer favorable regimes. : Countries like Ireland and the Netherlands offer favorable regimes. Global Credibility : A European business presence boosts your reputation worldwide. : A European business presence boosts your reputation worldwide. The first decision is selecting the appropriate legal structure: Limited Liability Company (LLC) – Most popular for SMEs. – Most popular for SMEs. Public Limited Company (PLC) – Ideal for large businesses planning to raise capital. – Ideal for large businesses planning to raise capital. Subsidiary – Independent legal entity of a parent company (Learn more about Subsidiary setup). – Independent legal entity of a parent company (Learn more about Subsidiary setup). Branch – An extension of a parent company. Each option has unique tax, compliance, and liability implications, so careful consideration is essential. Your choice of country will impact taxes, reporting requirements, and business environment. Popular jurisdictions include: Germany : Strong manufacturing and industrial hub. : Strong manufacturing and industrial hub. Netherlands : Tax-friendly, innovation-driven economy. : Tax-friendly, innovation-driven economy. Ireland : Tech and financial services hotspot. : Tech and financial services hotspot. Malta & Cyprus: Attractive for SMEs with lower costs. Consider legal frameworks, market access, and the ease of doing business before deciding. Conduct a name search to ensure uniqueness (EUIPO database). to ensure uniqueness (EUIPO database). Draft core documents like the Articles of Association and Memorandum of Association . and . Some countries require notarization before submission. Confirm minimum directors/shareholders required in your chosen country. Check residency requirements (some countries mandate at least one local director). Determine share capital allocation and ownership structure. Submit your application to the national business registrar (e.g., Companies House in the UK, Handelsregister in Germany). (e.g., Companies House in the UK, Handelsregister in Germany). Register for taxes and VAT where applicable. where applicable. Obtain relevant business licenses or sector-specific approvals. Opening a business bank account is crucial for operations, but often challenging for non-residents. Required documents: Incorporation certificate, shareholder details, and proof of address. Some European countries allow digital banking options, simplifying the process. Professional services can support with fast-track bank account opening. VAT is a cornerstone of European business. Requirements include: VAT registration (mandatory if turnover crosses the threshold). (mandatory if turnover crosses the threshold). Filing accurate VAT returns within deadlines. Ensuring compliance with cross-border VAT rules. Maintain proper bookkeeping and payroll records . . File annual returns and comply with audits (if required). Larger companies may need Internal Audit & Assurance to maintain governance standards. Outsourcing to professional accountants ensures efficiency and compliance. Despite opportunities, businesses face challenges such as: Language & cultural differences . . Complex bureaucracy in certain jurisdictions. in certain jurisdictions. Delays in documentation and approvals . . Bank account opening restrictions for foreign owners. Partnering with a company formation specialist simplifies the entire process. Services include: Company incorporation and registration. Subsidiary & Branch setup. VAT Consultancy & compliance management. Business bank account opening support. With experts by your side, you avoid costly delays and ensure compliance from day one. Setting up a company in Europe unlocks vast opportunities for global expansion. From choosing the right structure to ensuring VAT compliance, each step is crucial for long-term success. By following this guide, businesses can expand with confidence while staying compliant. If you're ready to expand your business, explore our tailored services for European Company Formation and take the first step toward global growth. TIME BUSINESS NEWS
Forbes
38 minutes ago
- Forbes
EV Company Everrati Unveils New 993-Generation Porsche 911-Based Model
There are more than a few methods of automotive preservation in our current era, and among the most tech-forward is by United Kingdom-based Everrati Automotive Limited. Rather than strictly following the norms and folkways of maintaining originality, this company preserves the core fundamentals in certain iconic cars' driving characteristics, yet with an eco-friendly twist: dropping the internal combustion engine (ICE) in favor of its own tailored EV powertrain. And, wrapped in a ground-up re-engineering of the entire vehicle, complete with bespoke luxury customization. Everrati's made a name for itself with its 964-generation Porsche 911-based creations, one of which I had the privilege of driving for a different publication a few months back. I was pleasantly surprised by how true to the original 911 formula it was, between its beautiful steering, braking, and handling. Plus, more than enough power to walk any one of the 964's original iterations in the quarter mile. Now, the company's unveiled that it's now working with 993-generation-based 911s, the generation that came after the 964 and before the water-cooled 996. Think: Quintessential '90s Porsche styling and driving. And if it follows the same fun-to-drive formula as the 964, it could be the best sports car it's created, yet. The 993 is widely regarded as the pinnacle air-cooled 911, with its compact and lightweight (for its era) construction, improved structural rigidity, and just-modern-enough accouterments. Everrati's 993 will take the form of an initial, nine-unit run dubbed the Founders Edition that pays design homage to the generation's Turbo S, of which only 345 were ever made. It will err on the side of luxury grand touring with a bespoke tailored interior, emphasis on refinement in its driving experience, and harness the latest EV technology derived from motorsports duty. What's particularly appealing to some discerning enthusiasts, is the ability to savor their very own Turbo S without costly maintenance. Or, any other potential trouble keeping it alive for future generations to appreciate. 'The Porsche 911 (993) Founders Edition is for those who missed their chance to own an air-cooled Turbo S or those who want to relive it, responsibly,' says Everrati Founder & CEO, Justin Lunny. 'These cars hold stories. They were never just machines; they were memories in motion. But most classics weren't built for the long haul, not without help at least. With this redefined 993, we're giving people a way to preserve that emotional connection and still enjoy the drive, every day. It's the dream garage car you don't just have to admire, you can use it, pass it down, and keep it alive. That's what truly makes this a timeless classic.' There's no telling what emissions standards, parts availability, etc., will look like down the line. This helps alleviate these concerns, and, at the same time, increases interest from EV-focused circles and reduces enthusiasts' carbon footprint along the way.
