Brexit needs an extension, but no one knows how, economist ryding says

Foreign Minister Annalena Baerbock has written an opinion piece with her Irish counterpart in a British paper, saying the UK was "not engaging in good faith" with its plans to change the Northern Ireland protocol.

In a tumultuous week for British politics, European Union lawmakers continue to call on Westminster to resume post-Brexit talks. German-British MEP David McAllister is chairman of the European Parliament’s Foreign Affairs Committee and closely involved in Brexit-related issues on the EU side.

Boris Johnson is soon to leave Downing Street for the last time. According to a recent Ipsos survey, the British public rank him as the country's worst performing postwar leader. Johnson will be forever remembered as one of the men behind Brexit and as a PM who attended illegal parties at Downing Street during lockdown. But some Conservatives are already nostalgic for the leader they affectionately call "Boris". FRANCE 24's Julien Sauvaget and Clovis Casali report from across the UK on Johnson's divisive legacy.

Economist Jayati Gosh believes a windfall tax is a "no-brainer". "The difficulty is how do you establish how much is windfall? It's very complicated," Ghosh tells FRANCE 24. She is a professor of economics at the University of Massachusetts Amherst and the newly appointed co-chair of the Independent Commission for the Reform of International Corporate Taxation.

Economist Jayati Gosh believes a windfall tax is a "no-brainer". "The difficulty is how do you establish how much is windfall? It's very complicated," Ghosh tells FRANCE 24. She is a professor of economics at the University of Massachusetts Amherst and the newly appointed co-chair of the Independent Commission for the Reform of International Corporate Taxation.

Federal Reserve Chair Jerome Powell says he won't cause a deep recession but that "pain" is necessary to fight inflation. To curb the largest price increases in four decades, the US Federal Reserve has been raising interest rates this year.

Record numbers of people are moving to the UK even as the pro-Brexit government promises to crack down on immigration. Roughly 50,000 EU citizens left the UK over a one-year period, while 331,000 non-EU citizens arrived.

Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen have jointly announced in-person talks, in London on Monday. This comes amid long-running post-Brexit negotiations on Northern Ireland.

It was like an estranged couple agreeing to give themselves another chance. Announcing the "Windsor Framework" in late February, British Prime Minister Rishi Sunak and EU Commission President Ursula von der Leyen were emphatic that the UK and the EU are allies, trading partners and friends.

The UK is the first new member and European country to join CPTPP, which is made up of 11 Pacific nations including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

Talking Europe interviews Irene Tinagli, who chairs the European Parliament's Committee on Economic and Monetary Affairs, and is a prominent member of Italy's Democratic Party (PD). She calls for the completion of the EU's Banking Union to protect people's deposits, and for an EU budget that is up to the challenges the bloc faces today.

China producer prices suggest deflationary price pressures seen in upstream sectors, Grow Investment Group's chief economist Hong Hao said. Nominal GDP growth is lower than real GDP growth in Q2, Pinpoint Asset Management's chief economist Zhang Zhiwei said.