The Chancellor of the Duchy of Lancaster has updated the House of Commons on negotiations with the European Union and the work of the UK-EU Joint Committee.

”First, the talks on a new trade agreement. We had hoped to conclude a Canada-style free trade agreement before the transition period ends on 31 December this year. As things stand, that will not now happen.

You can read the speech here: EU Exit: Update on negotiations and the work of the Joint Committee

AC Milan’s Zlatan Ibrahimovic is showing no signs of slowing down, scoring twice in their 2-1 win over Inter Milan. In the firstvganenof the season Milan won 2-0 and Zlatan scored both goals. He has since been out of the game due to tested positive for Covid-19, Corona. Yesterday he was back again.

After missing four games through illness, Ibrahimovic returned to Milan’s starting line-up for the derby against their city rivals.

The 39-year-old put Stefano Pioli’s side in front after 13 minutes, tapping the ball in from the rebound after his penalty was saved by Samir Handanovic.

He then doubled their lead just three minutes later, firing a perfect first-time finish past the goalkeeper.

Milan is leading the Italian Serie A. And the King is back.

Chart of the Day: This is how the $88 trillion global economy is spread around the world.

This is how the $88 trillion global economy is spread around the world.

Before COVID-19, the global economy stood at $88 trillion. But the pandemic has seen growth forecasts revised downwards and economies go into recession.

In 2019, the United States had the biggest slice of the global economy pie – and the top 10 economies accounted for two-thirds of global GDP.

This year has seen global growth disrupted by the COVID-19 pandemic, with many of the world’s biggest economies in recession.

And the recovery will take longer than economists first thought. In June, the International Monetary Fund’s (IMF) World Economic Outlook projected global growth at -4.9% in 2020, 1.9 percentage points below the April forecast.