Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Christopher Furlong/Getty Images

The U.K. and France are barreling toward a new crisis in their post-Brexit relationship, with each side digging in their heels in a fishing dispute that threatens to erupt into a full-on trade war.

Driving the news: The latest flashpoint comes courtesy of an industry that accounts for just 0.1% of the U.K.'s GDP, but has played an outsized role in Brexit Britain's emphasis on "sovereignty" and national pride.

  • France has accused the U.K. of declining to grant fishing licenses for French boats for political reasons, and seized a British trawler last week for alleged illegal fishing.
  • France is now threatening to bar British boats from ports, impose new border checks, and potentially raise energy prices for the British Channel Islands.
  • U.K. Foreign Minister Liz Truss has demanded that the French back down by Tuesday or else face legal action, and suggested French President Emmanuel Macron was trying to whip up nationalist support ahead of next year's elections.

The latest: Macron told reporters at COP26 in Glasgow on Monday that sanctions would be delayed as the two sides continue to negotiate past his original midnight deadline.

  • Johnson and Macron, whose strained relationship is no secret, met on the sidelines of the G20 on Sunday, where each leader claimed the onus was on the other to de-escalate.
  • The meeting came one day after a leaked letter from French Prime Minister Jean Castex called on the European Commission to show unity in the fishing dispute to demonstrate that "leaving the EU causes more damage than staying in."

The big picture: Johnson's government has made "Global Britain" — the idea that the U.K. can have a bigger impact on the world stage outside of the EU — the centerpiece of its foreign policy.

  • But this is the second time that a Brexit-related dispute has threatened to overshadow an international conference hosted by the U.K., after the "sausage wars" became a focal point of the G7 summit in Cornwall in June.
  • Northern Ireland, meanwhile, remains an intractable puzzle: Masked men hijacked a bus and set it on fire on Monday, reportedly in protest of a missed deadline for renegotiating the Brexit agreement that created a customs border between the territory and the rest of the U.K.

The bottom line: The Brexit debate is here to stay. The U.K. government's fiscal watchdog said last week that leaving the EU will ultimately be worse for the economy than COVID.

Go deeper

Nov 10, 2021 - World

Iran works the room ahead of nuclear talks

An Iranian flag in front of Iran's Bushehr nuclear power plant, Nov. 10, 2019. Photo: Atta Kenare/AFP via Getty Images

Less than three weeks before indirect negotiations are set to resume between the U.S. and Iran about a possible return to the 2015 nuclear deal, Iran is holding talks with other signatories to the agreement to try to set the stage for the new round of negotiations.

Why it matters: The talks on Nov. 29 in Vienna will be the seventh round of negotiations since President Biden assumed office and the first round since Ebrahim Raisi was inaugurated as president of Iran.

Updated 2 hours ago - Politics & Policy

Congressional leaders clinch support for crucial defense bill, debt limit votes

Senate Majority Leader Chuck Schumer passes waiting reporters on Tuesday. Photo: Eric Lee/Bloomberg via Getty Images

Congress has found a shortcut to pass its annual defense funding bill and raise the debt limit.

Driving the news: The House voted Tuesday night on two major bills — one creating a one-time, fast-track process for the Senate to raise the debt ceiling with just 51 votes, and another passing its annual defense bill.

House passes annual defense bill

Speaker of the House Nancy Pelosi. Photo: Chip Somodevilla/Getty Images

The House voted to pass the annual defense bill 363-70 on Tuesday night, authorizing nearly $770 billion in funding for defenses and national security programs.

Why it matters: The National Defense Authorization Act (NDAA) still has to clear the Senate, but the House passage greatly increases the chances that the must-pass defense bill will move through both chambers of Congress before the end of the year.