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France threatens retaliation towards UK’s financial services as fishing row escalates

French Secretary of State for European Affairs Clement Beaune has hit out at the UK once again over the ongoing fishing dispute, warning that Paris will not sit idly by if Britain fails to grant licences to French fishermen.

In an interview published by the Journal du Dimanche on Sunday, the official said that some 40 licences are still pending approval. While he is confident that they get through, he said that France “will not hesitate to take retaliatory measures in other areas, such as access to financial services” if they are denied.

This is not the first time Beaune has warned about France taking retaliatory steps on the UK’s financial sector. Last month, the official said Paris will not give authorizations for financial services the UK has asked for “until we have guarantees that, on fisheries and other issues, the UK respects its commitments.”
Also on rt.com France says Jersey fishing row can be ‘quickly unblocked’ by applying post-Brexit trade deal, as UK looks to withdraw naval boats
Fishing rights were one of the most debated topics during the Brexit negotiations. Under the deal, EU vessels did not lose their access to UK waters, but the bloc’s fishing quota in UK waters will be reduced over the next five years. After that the quotas, which currently stand at 25%, will be renegotiated annually.

Tensions have been mounting between London and Paris, with French fishermen complaining over difficulties in obtaining post-Brexit licences from the UK, and from the small island of Jersey in particular.
Also on rt.com Jersey hits back after Paris threatens to turn lights off on the island if French fishermen aren’t given access to waters
The situation is partly about a “bureaucratic hitch,” Hilary Fordwich of the British-American Business Association earlier explained to RT. According to the analyst, Jersey demanded that the boats demonstrate using GPS systems that they have a previous track record for fishing in those waters, but most of the vessels don’t have GPS.

The latest escalation saw the UK and France dispatching military boats to the island as dozens of French fishing boats staged a protest in the area. Earlier this week, French Maritime Minister Annick Girardin said that France could leave Jersey without electricity.

For more stories on economy & finance visit RT’s business section

Author: RT
This post originally appeared on RT Business News

UFC standout Usman warns YouTuber Jake Paul

‘I can change your life in the worst way’: UFC standout Usman warns YouTuber Jake Paul as vicious war of words escalates.

UFC superstar Kamaru Usman has fired a warning to YouTuber-turned-boxer Jake Paul, saying that Paul could “truly get hurt” if he keeps pushing forward with his desire to box the UFC welterweight champion.

Internet prankster Paul took aim at Usman after Paul’s heated confrontation with former UFC champion Daniel Cormier at the recent UFC 261 event in Jacksonville after Usman defeated rival fighter – and occasional Jake Paul confidante – Jorge Masvidal.

Following the event, Usman stated that he would be happy to teach Paul a lesson in the boxing ring, given that he says he has “lapped” the rest of the competition in the UFC’s 170lbs fold after already holding wins against top contenders Masvidal (twice), Colby Covington and Leon Edwards.

Paul responded affirmatively to Usman’s apparent challenge – but Usman shot back to remind the internet celebrity that he’s not a “Disney kid“, referencing Paul’s two-season stint on the Disney television show ‘Bizaardvark’.

Paul, though, perhaps sensing another payday, shot back on Twitter.

So let’s get this straight,” wrote Paul. “1. Usman calls me out to fight on TMZ sports interview. 2. I quickly accept the challenge to fight and will give him biggest pay day of career ($ 10m+).

3. Usman then backs out of fight because I’m ‘a Disney kid’. 4. Usman visits Disney world.

‘The Nigerian Nightmare’, though, clearly wasn’t impressed by Paul’s grandstanding and fired back with what could only be described as a chilling warning towards the novice boxer.

I understand you think this is a game which is probably why you don’t realize that this is how people truly get hurt,” wrote the UFC welterweight champion.

I don’t play fighting and I can change your life in the worst way.

Usman’s stance was backed by legions of fight fans on social media, few of whom gave Jake Paul any realistic chance of emerging successfully from a boxing match against one of the world’s standout mixed martial arts fighters.

Kamaru is probably just scared of you. He’s fought world-class strikers, decorated wrestlers, and people who have been training MMA for over 20 years, but he’s never faced a YouTuber with two pro fights before,” responded one fan on Twitter.

I’m putting my money on the guy who knocked out Masvidal (for the first time in his career) who is light years ahead of Jake in striking,” agreed another, while a third sarcastically suggested that Paul’s online taunt will have deeply affected the UFC welterweight champion.

Ah, yes. Usman is totally scared. He’s shivering in his boots as we speak,” they said.

Also on rt.com Kamaru Usman OBLITERATES Jorge Masvidal with massive KO in welterweight title clash at UFC 261 (VIDEO)

Author: RT
This post originally appeared on RT Sport News

‘Pay your fighters’: Jake Paul takes aim over UFC pay packets as feud with promotion president Dana White escalates

Author: RT
This post originally appeared on RT Sport News

YouTuber-turned-boxer Jake Paul has upped the ante in his feud with UFC president Dana White, saying that he earned more in his one round fight with Ben Askren than the vast majority of UFC fighters.

Paul’s fledgling boxing career continued earlier this month when he earned a quick KO against MMA veteran Askren but the social media star’s developing rivalry with UFC boss White looks set to escalate further after Paul attended Saturday’s UFC 261 card in Jacksonville, Florida.

Paul, who had a confrontation with ex-UFC champ Daniel Cormier at the event, was issued with some measured praise from White in his post-fight press conference for his ability to generate buzz and create paydays for himself – but White was quick to list the differences between the type of fights Paul seeks and his own brand of fight promotion.

I don’t even know what to think about the [Ben] Askren thing. The whole thing is f*cking mind-boggling to me, but good for him. Grab that money while you can, kid,” White said.

Also on rt.com ‘I’ll slap him’: Ex-champ Cormier in furious exchange with Jake Paul at UFC 261 as Dana White condemns ‘circus’ (VIDEO)

White, however, admitted that he wasn’t on board with reports that the Triller-backed bout between Paul and Askren was a lucrative one amid reports that it sold more than one million pay-per-views.

I don’t believe anything [Triller] say,” White said. “That’s a f*cking circus. None of that is real.

“Do you think any of that sh*t that’s going on over there is real? C’mon, man. I built a real business here, a real sport.”

Paul’s declared purse of $ 640,000 will likely swell considerably when his share of PPV sales are added, and the 24-year-old was quick to point out on social media that his pay for one fight was higher than the total most UFC fighters collect.

In my third fight, I made more money in total pay than any fighter in UFC history,” Paul wrote in a long social media post directed at White.

“Maybe it’s time to pay your fighters their fair share? No wonder they all want to get into boxing. Dana, you say you make the fights the fans want to see, so hurry up and make [Jon] Jones vs. [Francis] Ngannou. Pay them their fair share. $ 10 million purse for each guy plus pay-per-view.

Why are UFC fighters so underpaid versus boxers? Why did I make more in my third fight than all but two (Khabib [Nurmagomedov] and Conor [McGregor]) UFC fighters have in history? I know why.”

Paul’s criticism of White and the UFC’s pay structure comes at a time when Jones, the former longtime light heavyweight champion, is seeking a mammoth payday to take on Ngannou in what would be Jones’ heavyweight debut, with White apparently unwilling to entertain Jones’ demands – which he hinted was in the $ 30 million range.

Several other fighters have stated their dissatisfaction with UFC pay and have moved to other organizations, such as Bellator and ONE Championship, in pursuit of loftier purses.

But as Paul has proved, there are other avenues in which fighters can earn a quick buck – and, in his case at least, you don’t even have to be a high-level boxer.

Also on rt.com UFC legend Jones fires back at Dana White over claims of ‘$ 30 million purse demands’ for Ngannou superfight

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