British Foreign Secretary Liz Truss. Russian Foreign Ministry Press Service / AP
British Foreign Secretary Liz Truss. Russian Foreign Ministry Press Service / AP
British Foreign Secretary Liz Truss. Russian Foreign Ministry Press Service / AP
British Foreign Secretary Liz Truss. Russian Foreign Ministry Press Service / AP

UK's Liz Truss and EU vow 'intensive' talks over Northern Ireland Protocol


Soraya Ebrahimi
  • English
  • Arabic

Britain and the EU have agreed to continue “intensive” discussions over Northern Ireland in the coming days.

European Commission Vice-President Maros Sefcovic and British Foreign Minister Liz Truss met in person for the third time on Friday and now the issue of resolving a deadlock over post-Brexit trading arrangements will be delegated to officials from both teams.

“They agreed on the need for progress in their talks in the interest of people in Northern Ireland, to stay in close touch and that officials will continue intensive discussions in the coming days,” the two leaders said in a joint statement.

Ms Truss has said that finding a solution to the Northern Ireland Protocol dispute is an “absolute priority”.

Northern Ireland was plunged into new political upheaval last week when the DUP withdrew Paul Givan as first minister in protest against the deal.

Mr Givan said the protocol, which has created trade barriers between Northern Ireland and the rest of the UK, undermined a cornerstone of power-sharing in the region between nationalists and unionists.

UK Prime Minister Boris Johnson signed the protocol with the EU to stop a hard border being erected and jeopardising the peace process, on the island of Ireland.

But Mr Johnson's government is trying to renegotiate the deal, saying it is hampering the movement of goods between Britain and Northern Ireland and damaging community relations.

  • The Big Ben clock face with a Union Jack flag seen at dawn in Westminster, London. Britain left the European Union at 11pm on 31 December 2020. EPA
    The Big Ben clock face with a Union Jack flag seen at dawn in Westminster, London. Britain left the European Union at 11pm on 31 December 2020. EPA
  • A lorry driver's documents are scanned on a phone as he passes check-in for the train through the Eurotunnel in Folkstone. This is the first day after Britain's Brexit split with the European bloc's vast single market for people, goods and services. AP Photo
    A lorry driver's documents are scanned on a phone as he passes check-in for the train through the Eurotunnel in Folkstone. This is the first day after Britain's Brexit split with the European bloc's vast single market for people, goods and services. AP Photo
  • A police car drives past an information sign at the entrance to the Port of Dover. Reuters
    A police car drives past an information sign at the entrance to the Port of Dover. Reuters
  • French customs officials monitor haulage trucks disembarking from a cross channel ferry from the UK at the Port of Calais in France. Bloomberg
    French customs officials monitor haulage trucks disembarking from a cross channel ferry from the UK at the Port of Calais in France. Bloomberg
  • The President of the harbour of Calais and Boulogne, Jean-Marc Puissesseau talks to media at the harbour of Calais, France. AFP
    The President of the harbour of Calais and Boulogne, Jean-Marc Puissesseau talks to media at the harbour of Calais, France. AFP
  • Media do a live broadcast from outside the Houses of Parliament in central London. AFP
    Media do a live broadcast from outside the Houses of Parliament in central London. AFP
  • A quiet No. 10 Downing Street this morning in Westminster, London. EPA
    A quiet No. 10 Downing Street this morning in Westminster, London. EPA
  • A P&O ferry departs the Port of Dover. AFP
    A P&O ferry departs the Port of Dover. AFP
  • A DFDS ferry carrying freight lorries arrives at the Port of Dover. AFP
    A DFDS ferry carrying freight lorries arrives at the Port of Dover. AFP
  • A lorry arrives at the Port of Dover following the end of the Brexit transition period. Reuters
    A lorry arrives at the Port of Dover following the end of the Brexit transition period. Reuters

“Fixing the Northern Ireland Protocol is an absolute priority for me,” Ms Truss said.

“We have a shared responsibility with the EU to work towards solutions as quickly as possible that deliver for the people of Northern Ireland.

“I look forward to meeting Vice President Sefcovic in person again today.”

What is graphene?

Graphene is a single layer of carbon atoms arranged like honeycomb.

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.

Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.

By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.

At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.

It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.

But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.

In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties. 

 

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GROUPS

Group Gustavo Kuerten
Novak Djokovic (x1)
Alexander Zverev (x3)
Marin Cilic (x5)
John Isner (x8)

Group Lleyton Hewitt
Roger Federer (x2)
Kevin Anderson (x4)
Dominic Thiem (x6)
Kei Nishikori (x7)

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Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

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The specs

Engine: 6.2-litre V8

Transmission: seven-speed auto

Power: 420 bhp

Torque: 624Nm

Price: from Dh293,200

On sale: now

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Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

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RESULTS

6.30pm: Handicap (rated 95-108) US$125,000 2000m (Dirt).
Winner: Don’t Give Up, Gerald Mosse (jockey), Saeed bin Suroor (trainer).

7.05pm: Handicap (95 ) $160,000 2810m (Turf).
Winner: Los Barbados, Adrie de Vries, Fawzi Nass.

7.40pm: Handicap (80-89) $60,000 1600m (D).
Winner: Claim The Roses, Mickael Barzalona, Salem bin Ghadayer.

8.15pm: UAE 2000 Guineas Trial (Div-1) Conditions $100,000 1,400m (D)
Winner: Gold Town, William Buick, Charlie Appleby.

8.50pm: Cape Verdi Group 2 $200,000 1600m (T).
Winner: Promising Run, Patrick Cosgrave, Saeed bin Suroor.

9.25pm: UAE 2000 Guineas Conditions $100,000 1,400m (D).
Winner: El Chapo, Luke Morris, Fawzi Nass.

UAE v Ireland

1st ODI, UAE win by 6 wickets

2nd ODI, January 12

3rd ODI, January 14

4th ODI, January 16

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

MATCH INFO

Uefa Champions League, Group C
Liverpool v Red Star Belgrade
Anfield, Liverpool
Wednesday, 11pm (UAE)

Updated: February 11, 2022, 4:41 PM