News

May stares at defeat in final Brexit gambit

Dmitry Zaks, Agence France-Presse
Posted at May 23 07:19 AM

British Prime Minister Theresa May stared at the prospect Wednesday of her political career coming to an inglorious end after her final attempt to save her unpopular Brexit deal was almost universally condemned by parliament.  Read more »

Pound set for longest losing streak vs euro as Brexit plan disintegrates

Abhinav Ramnarayan and Saikat Chatterjee, Reuters
Posted at May 22 08:11 PM

Sterling fell broadly on Wednesday and was on track for its longest ever losing streak against the euro as Prime Minister Theresa May's last-ditch Brexit plan failed to win over either opposition lawmakers or many in her own party. Read more »

Britain's May tries to break Brexit deadlock with offer of 'new deal'

Reuters
Posted at May 22 12:56 PM

Prime Minister Theresa May set out a "new deal" on Tuesday for Britain's departure from the European Union, offering sweeteners to parliament including the chance to vote on whether to hold a second referendum to try to break the impasse over Brexit. Read more »

PM May offers 'new deal' to try to break Brexit deadlock

William James and Elizabeth Piper, Reuters
Posted at May 22 02:05 AM

LONDON - Prime Minister Theresa May set out on Tuesday a "new deal" for Britain's departure from the European Union, offering sweeteners to opposition parties in her fourth attempt to break an impasse in parliament over Brexit.   Read more »

FACTBOX: Who is hoping to be Britain's next prime minister?

Reuters
Posted at May 18 04:56 AM

LONDON - Prime Minister Theresa May has said she will step down before the next phase of Brexit negotiations and, although she has not put a date on her departure, senior members of her Conservative Party are jostling to replace her. Read more »

Brexit disarray returns: talks about to fail as May's premiership fades

Guy Faulconbridge, Reuters
Posted at May 17 04:18 PM

Nearly three years after the United Kingdom unexpectedly voted in a referendum to leave the EU, it is still unclear how, when or if it will ever indeed quit the European club it joined in 1973. Read more »

Pressure on for Brexit compromise after polls debacle

Robin Millard, Agence France-Presse
Posted at May 05 09:33 AM

Britain's 2 biggest parties said there was renewed impetus Saturday to find a compromise on Brexit after taking a battering in local elections from voters exasperated by the impasse.   Read more »

British businesses stash cash as Brexit gloom deepens: Deloitte

Reuters
Posted at Apr 15 08:14 AM

Some 81 percent of chief financial officers surveyed expect Brexit to lead to a long-term deterioration in Britain's business environment, the highest since the question was first asked at the time of June 2016's referendum on leaving the European Union. Read more »

Brexit drama: What lies ahead for UK after another extension

ABS-CBN News
Updated as of Apr 14 12:18 AM

With a new departure date set on October 31st, will the British parliament finally get on the same page to move forward with its stalled divorce from the bloc?    Read more »

World stocks slide before corporate results, dollar gains

Sinéad Carew and Herbert Lash, Reuters
Posted at Apr 12 08:57 AM

A gauge of global equity markets slid on Thursday as investors waited for first-quarter earnings reports, while Treasury yields rose after strong US data and a six-month extension of a deadline for Britain to leave the European Union. Read more »

IMF chief says Brexit delay averts 'terrible outcome'

David Lawder and Leika Kihara, Reuters
Posted at Apr 12 08:23 AM

The six-month delay of Britain's exit from the European Union, however, does nothing to lift uncertainty over the final outcome, the head of the IMF said. Read more »

EU gives Britain six-month delay to Brexit date

Dave Clark and Christian Spillmann, Agence France-Presse
Posted at Apr 11 08:42 AM

The deal struck during late night talks in Brussels means that if London remains in the EU after May 22, British voters will have to take part in European elections. Read more »

China, US could win big on no-deal Brexit: UN

Nina Larson, Agence France-Presse
Posted at Apr 10 08:24 AM

The UNCTAD report warned that if Britain did exit the bloc without a proper divorce deal, it "would significantly alter market access conditions in the United Kingdom both for developing and developed countries." Read more »

Global share rally cools as Trump turns trade heat on Europe

Herbert Lash, Reuters
Posted at Apr 10 08:13 AM

Asian shares rose to an eight-month high overnight but US and European markets fell after President Donald Trump welcomed the World Trade Organization's finding that Europe's subsidies to planemaker Airbus had hurt the United States. Read more »

Amid trade tensions and Brexit worries, IMF cuts global growth outlook

Jason Lange, Reuters
Posted at Apr 09 10:25 PM

The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2019 and warned growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union. Read more »

Global stocks mixed ahead of Brexit summit, earnings season

Agence France-Presse
Posted at Apr 09 07:24 AM

The British pound was volatile as investors weighed the risks of another Brexit-themed week, with many willing to bet money on another, perhaps long extension to proceedings, while others think a hard crash out of the EU is not off the table.   Read more »

British MPs pass law to block no-deal Brexit

Agence France-Presse
Posted at Apr 09 06:47 AM

British MPs on Monday passed a new law aimed at preventing a no-deal Brexit this week by obliging the government to ask EU leaders for a delay.   Read more »

Filling 'Brexodus' gap, Filipino nurses find English tests too daunting

Karen Lema, Reuters
Posted at Apr 08 05:25 PM

The staffing crisis is increasing Britain's dependency on hiring from low cost countries like India and the Philippines, where English is widely spoken, yet the language test has proved to be a major obstacle. Read more »

UK's May warns deal with opposition only way to secure Brexit

Joe Jackson, Agence France-Presse
Posted at Apr 07 10:14 AM

Prime Minister Theresa May on Saturday defended her decision to turn to Britain's main opposition to get her EU divorce deal approved, warning without cross-party consensus Brexit could "slip through our fingers".   Read more »

James Bond carmaker lashes out at prospect of no-deal Brexit

Roland Jackson, Agence France-Presse
Posted at Apr 04 10:33 PM

The boss of James Bond's favorite carmaker Aston Martin on Thursday said he was "pissed off" at the prospect of a no-deal Brexit. Read more »