State aid rules in any future trade deal would be more stringent than with nations like Canada or Japan because of the physical proximity of the EU.
Also has to be approved by Parliament’s upper chamber.
Johnson’s Conservatives won an 80-strong majority in Parliament in last week’s general election.
A proposal to change some EU trade rules will enable it to act even when the WTO can’t give a final ruling.
Rescue deal potentially protects some 4,000 jobs and safeguards a strategic asset as Britain prepares to leave the EU.
China’s state-owned shipping giant Cosco controls Greece’s largest port of Piraeus, near Athens.
The central bank appears to be waiting for more clarity over Britain’s departure from the European Union.
Tariffs on US$7.5 billion on a range of European goods were approved by the World Trade Organization as compensation for illegal EU subsidies to Airbus.
PM Boris Johnson needs all the support he can get to push any Brexit deal past the deeply divided Parliament.
The number of people in work dropped by 56,000 in the three months to August from the previous three-month period.
Boris Johnson’s office blamed EU intransigence for a breakdown in negotiations.
New proposals focus on maintaining an open border – the key sticking point.
Tariffs can take effect no earlier than mid-October because a key WTO panel needs to formally sign off on them first.
WTO ruled in May that Europe illegally subsidized Airbus, hurting US competitor Boeing.
ECB has had to change its stimulus stance as the global economic outlook has grown shakier.