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(Reuters) British finance minister George Osborne will meet some of Wall Street’s biggest investors in New York on Monday to urge them to stick with Britain despite last month’s vote to leave the European Union, his office said. The vote for Brexit has pushed the pound to 31-year lows against the dollar and many investors have warned that Britain – until this month the world’s fifth-largest economy – faces years of uncertainty over everything […]
PARIS, France (AFP) — The European Union’s top economic official on Tuesday criticised a British proposal to slash corporate tax to less than 15 percent following the nation’s vote to abandon the bloc. Britain’s finance minister George Osborne said at the weekend he would seek to slash corporation tax to under 15 percent over fears of a corporate exodus following the June 23 referendum to leave the European Union. The 28-nation EU gave a frosty reception […]
TOKYO, Japan (AFP) — Tokyo’s benchmark stock index headed for its first loss Tuesday after six straight gains, with exporters hit by a stronger yen. Since diving almost eight percent on June 24 in reaction to Britain’s decision to leave the European Union, the Nikkei 225 has rallied on hopes the Bank of Japan will boost its stimulus programme. “Japanese shares declining after a series of gains isn’t strange,” Takuya Takahashi, a Tokyo-based senior strategist […]
by James PHEBY LONDON, United Kingdom (AFP) — The favorite to become Britain’s next prime minister on Sunday vowed to push for an EU trade deal that limits immigration, as a law firm warned Brexit needed parliament’s backing to begin. The shock June 23 vote caused upheaval in British politics and financial markets, leaving lawmakers at odds over what negotiating position to take and when to begin the official exit procedure from the European Union. […]
by Jerome CARTILLIER OTTAWA, Canada (AFP) — US President Barack Obama heads to Ottawa Wednesday for talks with the leaders of Canada and Mexico, as the shockwave from Britain’s vote to leave the European Union reverberates on both sides of the Atlantic. Obama and Canadian Prime Minister Justin Trudeau, who both made clear their desire to see Britain remain in the 28-member bloc, will join Mexican President Enrique Pena Nieto for the so-called “Three Amigos” […]
BRUSSELS, Belgium (AFP) — Europe’s leaders meet Wednesday without Britain for the first time following its shock decision to leave the EU, trying to pick up the pieces and prevent further disintegration. The 27 remaining members of the bloc agreed to give Britain some breathing space on Tuesday, accepting that it needs time to absorb the shock of the Brexit vote before triggering Article 50 that will begin the formal divorce proceedings. But German Chancellor […]
WASHINGTON, United States (AFP) — US Secretary of State John Kerry said on Tuesday that Britain’s vote to leave the European Union might never be implemented and that London is in no hurry to go. Speaking one day after talks with Prime Minister David Cameron, Kerry said the outgoing British leader feels “powerless” to negotiate a departure he does not want. “This is a very complicated divorce,” Kerry told the Aspen Ideas Festival, referring to […]
SINGAPORE, Singapore (AFP) — World oil prices rebounded in Asia Tuesday on bargain hunting but tremors from Britain’s shock vote last week to leave the European Union continue to weigh on sentiment. Financial markets are still reeling from Brexit’s fallout as investors sell riskier assets and flock to safe bets amid global economic uncertainty. Asian stock markets resumed their losses early Tuesday, extending another sharp sell-off in Europe and New York. At around 0330 GMT, US […]
WASHINGTON, United States (AFP) — Democrat Hillary Clinton on Sunday took a swipe at Republican rival Donald Trump’s stance on Brexit, saying that “bombastic comments” do more harm than good during such times. Trump has hailed Britain’s vote to leave the European Union as “fantastic,” telling reporters during a visit to Scotland on Friday that he thinks the Brexit is “a great thing.” Clinton, who was speaking to the US Conference of Mayors, did not […]
SYDNEY, Australia (AFP) — Australia’s ruling party Monday used the Brexit vote to warn against voting for Labor in upcoming elections as a poll showed the Liberals ahead for the first time in a drawn-out campaign. The country goes to the polls on Saturday with economic management assuming added significance in the wake of Britain’s decision to leave the European Union, sparking global instability. “There will be considerable uncertainty for some time. You’re seeing that […]
by Michel COMTE OTTAWA, Canada (AFP) — Canada, Mexico and the United States will look to dovetail their climate and other policies into a continental strategy when Prime Minister Justin Trudeau hosts Barack Obama and Enrique Pena Nieto on Wednesday. But Britain’s shocking vote to quit the European Union has also abruptly shoved itself onto the agenda of the summit, which the countries tend to hold once a year. Trudeau and Obama had both called […]
by Michael THURSTON LONDON, United Kingdom (AFP) — Britain’s opposition Labor party leader Jeremy Corbyn has insisted he will not quit despite the resignation of 11 members of his top team Sunday over his handling of the EU referendum campaign. Corbyn, widely criticized for his lukewarm support for the Remain camp, said he will not betray the trust of the party members who elected him, and vowed to “reshape” his shadow cabinet starting on Monday. […]
