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The UK and the EU are set to thrash out their differences over the implementation of the Northern Ireland Protocol.

Brexit minister Lord Frost and Maros Sefcovic, the European Commission vice president, will meet on Wednesday after the latter suggested the EU is finding it hard to trust the UK following its departure from the bloc

Mr Sefcovic said there have been “numerous and fundamental gaps in the UK’s implementation” of the two sides’ trade deal and that the EU will act “firmly” if the UK does not agree on deadlines for complying with its obligations.

In turn, Environment Secretary George Eustice claimed the Northern Ireland Protocol, in the way the EU wants to implement it, would make it impossible for UK producers to sell British sausages to Northern Ireland.

Sky News has taken a closer look at the issues.

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Many suppliers in Britain ‘have chosen to stop supplying to Northern Ireland’

What is the Northern Ireland Protocol?

It is a crucial part of the Internal Markets Bill, which was drawn up to ensure trade between all four UK nations remains barrier-free after the Brexit transition period ended on 31 December 2020.

More on Brexit

The Northern Ireland Protocol was put in place to avoid the introduction of a hard border between Ireland and Northern Ireland in the event of a no-deal Brexit.

It states that Northern Ireland will remain part of the UK’s customs territory – so if the UK signs a free trade deal with another country, Northern Irish goods would be included.

However, Northern Ireland will have to stick to some EU rules to allow goods to move freely into the Republic.

Goods moving from the rest of the UK to Northern Ireland will not be subject to a tariff unless they are “at risk” of being moved into the EU afterwards.

Mr Eustice said in 2020 there would need to be “some checks on some goods” and “some customs processes but not customs checks” at the border with the Republic.

Goods coming from Northern Ireland to Great Britain can have “unfettered” access, the Internal Market Bill says. This means goods sold in Northern Ireland will be accepted everywhere else in the UK, but the reverse may not be true.

A sign on a lamppost that reads 'Ulster is British - no internal UK Border - Unionists against NI Protocol', opposite the Department of Agriculture, Environment and Rural Affairs (DAERA) Redlands site. It will be used to inspect animal products travelling from Great Britain into Northern Ireland after the post-Brexit transition period at the end of the year.
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The Northern Ireland Protocol was meant to prevent a physical border on the island of Ireland

What has happened since the Brexit transition period ended?

Products from Great Britain entering Northern Ireland have had to undergo EU import procedures at the ports.

An Irish Sea border has effectively been imposed in an effort to prevent a physical border between Ireland and Northern Ireland.

This has resulted in delays and sometimes sparse supermarket shelves.

A sign is seen with a message against the Brexit border checks in relation to the Northern Ireland protocol at the harbour in Larne, Northern Ireland February 12, 2021. REUTERS/Clodagh Kilcoyne
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Checks imposed at the port in Larne, Northern Ireland, have not been popular

What are the UK and EU disagreeing over?

Under the protocol, a ban will come into force if the UK and EU cannot agree on new regulatory standards to cover the sale of some products after a “grace period” allowed under the agreement.

In March, the UK unilaterally extended the grace period for supermarket goods and parcels for another six months, after it was due to finish at the end of that month.

The EU launched legal action against the UK for extending that grace period.

Graffiti on the A2 outside Carrickfergus in Belfast. The DUP has rejected claims it is whipping up tensions over Irish Sea trade in an effort to get Brexit's contentious Northern Ireland Protocol ditched. Physical inspections on goods entering Northern Ireland from Great Britain, which are required under the protocol, have been suspended amid threats and intimidation of staff. Picture date: Wednesday February 3, 2021.
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The UK promised there would be no sea border

It is understood British ministers are now considering a unilateral extension for chilled meats, including sausages and mince, which is due to end on 30 June.

After the grace period, chilled meats produced in Great Britain will not be allowed to be sold in Northern Ireland as they are not from the EU, which has strict restrictions on food products.

Mr Sefcovic said retaliation by the EU would be so extreme it would ensure the UK “abides by its international law obligations”.

Boris Johnson‘s spokesman said there was “no case whatsoever” for blocking the sale of chilled meats.

Sausages on sale at the butchers at Polhill Farm Shop near Sevenoaks 20/3/2020
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British sausages have been the focus of the latest disagreement

Lord Frost claims the EU has been “inflexible” over the protocol, something the EU rejects.

The EU has said the UK could align with its animal health and food safety rules to remove the need for 80% of the current Irish Sea customs checks.

But the UK has rejected this, as it says it will tie Britain’s hands in trade negotiations with other countries.

The UK has also accused the EU of failing to engage with its own proposals, especially with the issues people in Northern Ireland are facing.

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Billionaire investor would ‘not be surprised’ if Trump postpones tariffs

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<div>Billionaire investor would 'not be surprised' if Trump postpones tariffs</div>

<div>Billionaire investor would 'not be surprised' if Trump postpones tariffs</div>

Crypto-friendly billionaire investor Bill Ackman is considering the possibility that US President Donald Trump may pause the implementation of his controversial proposed tariffs on April 7.

“One would have to imagine that President Donald Trump’s phone has been ringing off the hook. The practical reality is that there is insufficient time for him to make deals before the tariffs are scheduled to take effect,” Ackman, founder of Pershing Square Capital Management, said in an April 5 X post.

Trump may postpone tariffs to make more deals, says Ackman

“I would, therefore, not be surprised to wake up Monday with an announcement from the President that he was postponing the implementation of the tariffs to give him time to make deals,” Ackman added.

On April 2, Trump signed an executive order establishing a 10% baseline tariff on all imports from all countries, which took effect on April 5. Harsher reciprocal tariffs on trading partners with which the US has the largest trade deficits are scheduled to kick in on April 9.

Ackman — who famously said “crypto is here to stay” after the FTX collapse in November 2022 — said Trump captured the attention of the world and US trading partners, backing the tariffs as necessary after what he called an “unfair tariff regime” that hurt US workers and economy “over many decades.” 

Following Trump’s announcement on April 2, the US stock market shed more value during the April 4 trading session than the entire crypto market is currently worth. The fact that crypto held up better than the US stock market caught the attention of both crypto industry supporters and skeptics.

United States, Donald Trump

Source: Cameron Winklevoss

Prominent crypto voices such as BitMEX co-founder Arthur Hayes and Gemini co-founder Cameron Winklevoss also recently showed their support for Trump’s tariffs.

Related: Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

Ackman said a pause would be a logical move by Trump — not just to allow time for closing potential deals but also to give companies of all sizes “time to prepare for changes.” He added:

“The risk of not doing so is that the massive increase in uncertainty drives the economy into a recession, potentially a severe one.”

Ackman said April 7 will be “one of the more interesting days” in US economic history.

Magazine: New ‘MemeStrategy’ Bitcoin firm by 9GAG, jailed CEO’s $3.5M bonus: Asia Express

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Labour suspends MP Dan Norris after arrest

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Labour MP Dan Norris arrested on suspicion of rape and child sex offences

The Labour Party has suspended its MP Dan Norris after “being informed of his arrest”.

A Labour Party spokesperson said: “Dan Norris MP was immediately suspended by the Labour Party upon being informed of his arrest.

“We cannot comment further while the police investigation is ongoing.”

Mr Norris defeated Jacob Rees-Mogg to win the new seat of North East Somerset and Hanham in last year’s general election.

He has also lost the party whip in the House of Commons.

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Satoshi Nakamoto turns 50 as Bitcoin becomes US reserve asset

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Satoshi Nakamoto turns 50 as Bitcoin becomes US reserve asset

Satoshi Nakamoto turns 50 as Bitcoin becomes US reserve asset

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, marks their 50th birthday amid a year of rising institutional and geopolitical adoption of the world’s first cryptocurrency.

The identity of Nakamoto remains one of the biggest mysteries in crypto, with speculation ranging from cryptographers like Adam Back and Nick Szabo to broader theories involving government intelligence agencies.

While Nakamoto’s identity remains anonymous, the Bitcoin (BTC) creator is believed to have turned 50 on April 5 based on details shared in the past.

According to archived data from his P2P Foundation profile, Nakamoto once claimed to be a 37-year-old man living in Japan and listed his birthdate as April 5, 1975.

Satoshi Nakamoto turns 50 as Bitcoin becomes US reserve asset

Source: Web.archive.org

Nakamoto’s anonymity has played a vital role in maintaining the decentralized nature of the Bitcoin network, which has no central authority or leadership.

The Bitcoin wallet associated with Nakamoto, which holds over 1 million BTC, has laid dormant for more than 16 years despite BTC rising from $0 to an all-time high above $109,000 in January.

Satoshi Nakamoto turns 50 as Bitcoin becomes US reserve asset

Satoshi Nakamoto statue in Lugano, Switzerland. Source: Cointelegraph

Nakamoto’s 50th birthday comes nearly a month after US President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, marking the first major step toward integrating Bitcoin into the US financial system.

Related: Bitcoin at 16: From experiment to trillion-dollar asset

Nakamoto’s legacy: a “cornerstone of economic sovereignty”

At 50, Nakamoto’s legacy is no longer just code; it’s a cornerstone of economic sovereignty,” according to Anndy Lian, author and intergovernmental blockchain expert.

“Bitcoin’s reserve status signals trust in its scarcity and resilience,” Lian told Cointelegraph, adding: 

“What’s fascinating is the timing. Fifty feels symbolic — half a century of life, mirrored by Bitcoin’s journey from a white paper to a trillion-dollar asset. Nakamoto’s vision of trustless, peer-to-peer money has outgrown its cypherpunk roots, entering the halls of power.”

However, lingering questions about Nakamoto remain unanswered, including whether they still hold the keys to their wallet, which is “a fortune now tied to US policy,” Lian said.

Related: Bitcoin’s next catalyst: End of $36T US debt ceiling suspension

Is Satoshi Nakamoto wealthier than Bill Gates?

In February, Arkham Intelligence published findings that attribute 1.096 million BTC — then valued at more than $108 billion — to Nakamoto. That would place him above Microsoft co-founder Bill Gates on the global wealth rankings, according to data shared by Coinbase director Conor Grogan.

Satoshi Nakamoto turns 50 as Bitcoin becomes US reserve asset

Satoshi’s new addresses. Source: Conor Grogan

If accurate, this would make Nakamoto the world’s 16th richest person.

Despite the growing interest in Nakamoto’s identity and holdings, his early decision to remain anonymous and inactive has helped preserve Bitcoin’s decentralized ethos — a principle that continues to define the cryptocurrency to this day.

Magazine: 10 crypto theories that missed as badly as ‘Peter Todd is Satoshi’

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