Flags of the European Union flap in the wind as people walk with protective face masks near a set of stairs in front of EU headquarters in Brussels, Tuesday, Feb. 23, 2021. (AP Photo/Virginia Mayo)
BRUSSELS (AP) — Britain on Tuesday reluctantly granted the European Union two extra months to approve their bilateral trade deal that sets out relations in the wake of the United Kingdom's departure from the bloc.
The deal was set to be fully signed and sealed by both sides by the end of the month, but the 27-nation bloc asked for an extension for, among other things, to have it officially translated in all the official languages.
“We have agreed to extend the deadline for the EU to ratify the deal until 30 April," a British government statement said.
“It is disappointing the EU has not completed its internal processes in the agreed timeframe, given the uncertainty it creates for businesses and individually on both sides," the statement said.
The agreement was struck between the two sides on Christmas Eve last year, just a week before a Brexit transition period expired. Britain’s Parliament approved it in late December, and the EU planned to ratify it by the end of this month, with an extraordinary session of the European Parliament provisionally slated for Tuesday.
Now, the EU legislature, which has to approve the deal, will have two more plenary sessions to consider the deal.
7 Electric Vehicle (EV) Stocks That Have Real Juice
I’ll start with a disclaimer. You won’t see Tesla (NASDAQ:TSLA) or Nio (NYSE:NIO) on this list. And that’s not because I’m being contrarian. I just view Tesla and Nio as the known quantities in the electric vehicle sector. The goal of this presentation is to help you identify stocks that may be flying under your radar.
Many EV stocks went public in 2020 via a special purpose acquisition company (SPAC). There is both good and bad to that story. The good is that investors have many options for investing in the EV sector. Many of the companies that have entered the market are attempting to carve out a specific niche.
The potentially bad news is that these stocks are very speculative in nature. Whereas companies like Tesla and Nio have a proven (albeit recent) track record, there are things like revenue and orders that investors can analyze. With many of these newly public companies, investors are being asked to buy the story more than the stock and that is always risky.
However, in this special presentation, we’ve identified seven companies that look like they have a story that is compelling enough that investors should be rewarded in 2021.
View the "7 Electric Vehicle (EV) Stocks That Have Real Juice".