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NEW YORK, United States (AFP) — The British pound rallied Tuesday as the odds of a “hard” no-deal Brexit receded, while US stocks edged lower following dovish commentary from Federal Reserve Chair Jerome Powell. British Prime Minister Theresa May promised to allow parliament to delay Brexit by up to three months if her own divorce proposals fail to win the support of lawmakers by March 12. The dramatic reversal in May’s steadfast strategy came after […]
by Pauline FROISSART Agence France Presse LONDON, United States (AFP) — Diabetics and insulin providers in Britain are stockpiling the precious medicine to avoid potential shortages in case Britain leaves the European Union without a deal in just over month’s time. “I started about two months ago,” David Burns, a 37-year-old teacher living in London, told AFP. “I used to pick up insulin once a month. Now I’m picking it up about once every two […]
by Dave Clark and Damon Wake Agence France Presse LONDON, United Kingdom (AFP) — Prime Minister Theresa May said she had made “progress” in talks with the EU on Wednesday as she sought to extract concessions on the terms of Britain’s divorce, but as expected there was no major breakthrough. With less than six weeks until Brexit day, May met European Commission president Jean-Claude Juncker hoping for movement on the “Irish backstop” issue — after […]
by Joe JACKSON Agence France Presse LONDON, United Kingdom (AFP) — Three MPs quit Britain’s governing Conservative Party on Wednesday in protest at its “disastrous” hard line on Brexit, joining a rebellion in parliament that is redrawing the country’s political landscape just weeks before it leaves the EU. The resignations by the pro-European trio posed a fresh and embarrassing headache for Prime Minister Theresa May as she headed to Brussels for talks with European Commission […]
HONG KONG, China (AFP) — Asian markets mostly rose Thursday as regional investors began to return from their Lunar New Year break, though Tokyo edged lower after a negative lead from Wall Street. Most trading floors have reopened but business remains light, with Hong Kong and Shanghai still closed, while focus turns on the resumption next week of China-US trade talks in Beijing. The two sides will try to hammer out a deal to resolve […]
NEW YORK, United States (AFP) — Europe’s stock markets struggled to find direction Wednesday as investors digested downbeat German economic data following an uneventful State of the Union address by US President Donald Trump. Frankfurt dropped 0.3 percent as official figures showed that industrial orders in Germany fell back in December, the latest sign of a slowdown in Europe’s largest economy. London stocks slipped by 0.1 percent meanwhile, with online supermarket Ocado hit by a […]
by Dave Clark / with Alice Ritchie in London Agence France Presse BRUSSELS, Belgium (AFP) — European leaders moved Wednesday to head off British Prime Minister Theresa May’s bid to rewrite the Brexit divorce deal, warning they will not budge. Having thrown out the exit deal May negotiated with the EU, divided British lawmakers voted Tuesday to send her back to get an Irish border “backstop” clause removed. May seized on this as a chance […]
HONG KONG, China (AFP) — The pound ticked up slightly in Asia on Wednesday after suffering heavy losses on worries about a possible no-deal Brexit, while regional equities were mixed ahead of crunch trade talks between China and the United States. MPs on Tuesday returned to Westminster to vote on a series of proposals dealing with Britain’s exit from the European Union after roundly rejecting Prime Minister Theresa May’s controversial deal two weeks ago. In […]
by Alice RITCHIE and Dmitry ZAKS Agence France Presse LONDON, United Kingdom (AFP) — British Prime Minister Theresa May won parliament’s backing on Tuesday to renegotiate her Brexit deal — a major policy reversal that sets up a clash with Brussels just two months before withdrawal day. May’s dramatic decision to abandon a pact she herself sealed with the 27 EU leaders at a summit last month came with Britain on course to crash out […]
HONG KONG, China (AFP) — Asian markets fell Tuesday as the charging of Chinese giant Huawei in the US cast a shadow over upcoming trade talks, while investors were also tracking a Wall Street sell-off fuelled by concerns corporate profits. A busy week across the globe got off to a nervous start Monday after industrial giant Caterpillar and chip company Nvidia projected worse-than-expected results for 2019, citing ongoing weakness in China. The announcements from two […]
by James PHEBY Agence France Presse LONDON, United Kingdom (AFP) — British Prime Minister Theresa May heads into her latest Brexit battle on Tuesday weakened but still determined to get her legacy-defining deal through parliament, as MPs wrestle to take control of the process. To her supporters, May is a model of resilience, but to her critics she is an inflexible leader oblivious to the changing circumstances around her. She has suffered the ignominy of […]
HONG KONG, China (AFP) — Asian markets edged down Tuesday as profit-takers stepped in following a recent run-up, while the pound maintained gains on hopes Britain will avoid crashing out of the European Union. While there were few catalysts to drive business and Wall Street was closed for a holiday investors are keeping tabs on developments in various issues including the US government shutdown, Brexit and China’s stuttering economy. The optimism surrounding China-US trade talks […]
