1535 GMT - The new agreement between the U.K. and the European Union marks a leap forward in the relationship between the two parties after years of turbulence, Rain Newton-Smith, chief executive of the business group Confederation of British Industry, says in a note. The U.K. and the EU signed a deal to ease trade and bolster security cooperation. "Today's deal means firms on both sides of the border will be breathing a sigh of relief," CBI says. Given the current bleak global trading environment, marked by geopolitical tensions and sluggish growth, the agreement underscores the importance of deepening ties with trusted, like-minded partners, CBI says. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
May 19, 2025 11:35 ET (15:35 GMT)
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