Brexit: "British Government Doesn't Know What It Wants"
2017-10-05 17:25:39 UTC
BERLIN (Reuters) - German firms active in Britain should make provisions now for a “very hard Brexit”, Germany’s biggest industry group said on Thursday, because the government in London does not know what it wants.
The Federation of German Industries (BDI) said British Prime Minister Theresa ...
Time for European Leadership with France and Germany at its Heart
2017-09-29 07:20:49 UTC
German Chancellor Angela Merkel praised French President Emmanuel Macron’s ambitions for the European Union and said his ideas could be the foundation for “intense” Franco-German cooperation on the future of Europe.
Macron reiterated his view this week that a multi-speed Europe led by a core o...
Emmanuel Macron Sets Out Progressive Vision For EU
2017-09-26 16:47:29 UTC
PARIS (Reuters) - French President Emmanuel Macron offered a sweeping vision for a renewal of Europe on Tuesday, calling for the EU to cooperate more closely on defense, immigration, tax and social policy, and for the single currency bloc to have its own budget.
In a speech delivered two days ...
Brexit: 10,000 finance jobs will be shifted out of Britain
2017-09-18 14:51:50 UTC
LONDON (Reuters) - Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market, according to a Reuters survey of firms employing the bulk of workers in international finance.
Frankfurt was by far the m...
British Police Arrest 18 year old in London Train Bombing
2017-09-16 16:40:41 UTC
LONDON (Reuters) - British police hunting those behind a bomb which injured 29 people on a London train on Friday said they had arrested an 18-year-old man in a small town outside London on Saturday.
“We have made a significant arrest in our investigation this morning,” Neil Basu, Senior Natio...
UK Police Evacuate and Search Properties after London Train Bombing
2017-09-16 15:19:20 UTC
LONDON (Reuters) - British police said they have evacuated and are searching a residential address in Surrey, southern England, after arresting an 18-year-old man in connection with a London train bombing that injured 30 on Friday.
The police said in a statement that residents in the buildings...
UK's Theresa May Underlines Importance of Iran Nuclear Deal
2017-09-14 17:29:12 UTC
LONDON (Reuters) - British Prime Minister Theresa May stressed the importance of a 2015 international agreement on Iran’s nuclear program to U.S. Secretary of State Rex Tillerson on Thursday during a brief meeting at her London office.
Tillerson is visiting Britain to discuss the relief effort...
Brexit may force Toyota to shift some UK production elsewhere
2017-09-12 18:54:54 UTC
FRANKFURT (Reuters) - Deepening uncertainties over the direction and timetable of Brexit negotiations may force Toyota to shift some UK production elsewhere if they are not addressed, the Japanese carmaker warned on Tuesday.
Early government assurances that free trade with the European Union w...
Euro Strengthened By EU Economic Growth
2017-08-28 00:29:56 UTC
SINGAPORE (Reuters) - The euro surged to its highest level since January 2015 against the dollar early on Monday.
The euro advanced 0.3 percent to $1.1953 on Monday, extending Friday’s 1 percent jump.
“The EUR bulls will feed off anything they can get that suggests a less accommodative stan...
How much would the UK be willing to pay to leave the EU?
2017-08-06 04:16:37 UTC
LONDON (Reuters) - Britain is prepared to pay up to 40 billion euros ($47 billion) as part of a deal to leave the European Union, the Sunday Telegraph newspaper reported, citing three unnamed sources familiar with Britain's negotiating strategy.
The European Union has floated a figure of 60 bi...
BREXIT: UK could lose up to 40,000 investment banking jobs
2017-08-01 05:46:07 UTC
LONDON (Reuters) - Britain's finance industry could lose up to 40,000 investment banking jobs in the next few years unless it strikes a softer deal on its departure from the European Union, according to a new report by consultancy firm Oliver Wyman.
Banks are currently planning for a worst-cas...
"Working together to take the UK out of the EU" is falling to Chaos
2017-07-30 04:16:56 UTC
LONDON (Reuters) - An ally of British foreign minister Boris Johnson has criticized the Brexit transition plans of finance minister Philip Hammond, a newspaper said, in the latest sign of tensions within the government over how Britain should leave the European Union.
Gerard Lyons, a former ec...
British households' financial situation already deteriorating
2017-07-24 03:04:56 UTC
LONDON - U.S. president Donald Trump announced in June 2016, "I think Brexit is going to end up being a great thing."
Just one year after the Brexit vote, British people are more pessimistic and worried about their uncertain future.
UK households' financial situation has deteriorated at th...
Brexit EU hub: Morgan Stanley & Citigroup choosing Frankfurt
2017-07-19 16:48:26 UTC
FRANKFURT/LONDON (Reuters) - Morgan Stanley has chosen Frankfurt to be the new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the German city.
International banks are planning t...
Angela Merkel: Brexit changed my view on Europe
2017-07-15 18:57:48 UTC
ZINGST, Germany (Reuters) - German Chancellor Angela Merkel told voters on Saturday that Britain's decision to leave the European Union and France's election of President Emmanuel Macron had changed her view on the bloc, adding it was worth fighting for a stronger Europe.
Merkel's comments, ma...
BREXIT: EU demands up to $114 billion before talks on trading
2017-07-02 20:21:37 UTC
LONDON — UK Brexit minister David Davis said two months ago that Britain will not pay 100 billion euros ($114 billion) to leave the European Union after it was reported that the EU was preparing to demand that amount.
But the EU wants to agree with Britain on a formula for calculating how much...
Germany distancing itself from the US and the UK
2017-06-29 17:38:22 UTC
BERLIN — Germany is distancing itself from the US and the UK and toward France. Chancellor Angela Merkel made that abundantly clear in a major speech to parliament about the EU's future and next week's G20 summit in Hamburg.
Germany and France will take a greater role in leading the European U...
George Clooney's Tequila Company Sold for Up to $1 Billion
2017-06-22 00:12:49 UTC
LONDON — Diageo Plc has agreed to buy George Clooney's high-end tequila brand Casamigos in a deal valuing it at up to $1 billion, as the world's largest spirits maker seeks to boost its presence in a high-growth market.
Diageo said on Wednesday it would pay $700 million initially for the compa...
Daniel Day-Lewis will no longer be working as an actor
2017-06-21 06:02:14 UTC
LOS ANGELES — Three-time Oscar winner Daniel Day-Lewis is retiring from acting, his spokeswoman said on Tuesday, ending a storied movie career that includes performances in "The Unbearable Lightness of Being" , "In the Name of the Father" , "Lincoln" and "Gangs of New York."
Day-Lewis, 60, the...
Sinn Fein: We will oppose any deal which undermines the Good Friday agreement
2017-06-15 17:06:27 UTC
Irish political party Sinn Fein said on Thursday it would oppose any deal between British Prime Minister Theresa May and the Democratic Unionist Party in Northern Ireland that undermines the 1998 peace deal known as the Good Friday Agreement.
"We will oppose any deal which undermines the Good ...
A very serious fire rips through London tower block
2017-06-14 16:32:26 UTC
LONDON — A huge fire engulfed a 24-story block of flats in central London on Wednesday, killing at least 12 people and injuring at least 30 people and possibly trapping some residents who were sleeping inside the towering inferno.
More than 200 firefighters, backed up by 40 fire engines, fough...
Should I buy euros now or later?
2017-06-09 23:19:33 UTC
LONDON — The UK currency has experienced significant volatility in the fallout from the General Election.
The Conservatives failed to secure a majority in the contentious vote, leaving the nation grappling with the result of a hung parliament.
Sterling is buying €1.14 after dropping sharpl...
So much for strong and stable
2017-06-09 16:26:07 UTC
LONDON — British Prime Minister Theresa May said she would form a government backed by a small Northern Irish party after her Conservative Party lost its parliamentary majority in an election days before launching talks on Britain's EU departure.
A stony-faced May, speaking on the doorstep of ...
++UK PM Theresa May Lost The Election++
2017-06-09 06:43:29 UTC
London — Prime Minister Theresa May was fighting to hold on to her job on Friday as British voters dealt her a punishing blow, denying her the stronger mandate she had sought to conduct Brexit talks and instead weakening her party's grip on power.
With no clear winner emerging from Thursday's ...
Trump's "ill-informed tweet" and the Mayor of London
2017-06-05 16:32:56 UTC
On Sunday, a spokesman for the London mayor, Sadiq Khan said he was working with the police, emergency services and government to coordinate the response to the attack, and had "more important things to do" than to respond to "Trump's ill-informed tweet."
But the U.S. far-right nationalist Pre...