The daily business briefing: July 10, 2017

EU negotiators reject U.K. Brexit terms, Spider-Man: Homecoming leads weekend box office, and more

Tom Holland at a Spider-Man press conference
(Image credit: Chung Sung-Jun/Getty Images)

1. EU negotiators say U.K. Brexit proposal unfair to EU citizens

The European Parliament's Brexit negotiation group said in a letter to EU chief negotiator Michel Barnier on Monday that Britain's proposals on the rights of EU citizens living in the U.K. amounted to "nothing less than relegation to second-class status." The group said the U.K.'s Brexit proposal "does not respect the principles of reciprocity, symmetry, and non-discrimination," offering greater rights to Britons in the EU and giving EU citizens in the U.K. rights at "a level lower than third country nationals in the EU." Citizens' rights across borders are a key starting point for negotiations on the terms of Britain's exit from the EU, so the group's judgment signals a potentially significant obstacle. British Cabinet Office minister Damian Green said the "basic rights" of EU citizens in the U.K. would be "preserved" under Britain's proposal.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.