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U.K. sends patrol ships to British island amid post-Brexit fishing dispute with France

The United Kingdom's government announced Wednesday it has deployed two Royal Navy patrol vessels to the island of Jersey "as a precautionary measure," as tensions over fishing rights escalate with French officials.

Why it matters: British Prime Minister Boris Johnson said in a statement the government took the action amid threats of "a blockade" of French fishing boats at the island.


  • French officials on Tuesday threatened "retaliation measures" including cutting off electricity to the self-governing dependency of the British crown over the dispute — driven by what French officials say is a breach of the Brexit deal by the U.K. on fishing licenses.

Of note: Jersey, an island off the coast of northwest France, gets 95% of its electricity from France via underwater cables.

For the record: The issue of fishing territory was a major sticking point during Brexit negotiations.

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Warren Buffett-backed Snowflake is largest software IPO ever

Snowflake, a Silicon Valley cloud data warehousing company, on Tuesday night raised $3.4 billion in what is the largest software IPO ever.

Between the lines: Snowflake loses money, but got a big boost of confidence when Warren Buffett's Berkshire Hathaway agreed to invest $500 million concurrent to the IPO.

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