30 C
Lagos, South Africa and New York
Friday, June 5, 2020

GLOBAL MARKETS-Sterling slumps on ‘no-deal Brexit’ worries; stocks dip

Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv * Dollar index hits two-month high By Rodrigo Campos NEW YORK, July 29 (Reuters) - The British pound touched its lowest level in over two years against the dollar after Prime Minister Boris Johnson said a hard divorce from the EU...

Trump ‘friend’ Boris Johnson to replace British Prime Minister Theresa May

LONDON – A U.S.-born British politician who once told USA TODAY in an interview that the chance of him becoming prime minister was about as likely as finding Elvis on Mars or being reincarnated as an olive, is the frontrunner to take over for...

Labour leader Corbyn to ask UK PM about progress in Brexit talks

LONDON (Reuters) - British opposition leader Jeremy Corbyn will ask Prime Minister Theresa May about progress made in achieving legal changes to her divorce deal and the timetable for the so-called a meaningful vote on her agreement in parliament on Monday. “It’s imperative that the...

French prosecutors probing ex-Renault boss Ghosn’s wedding costs: repor

PARIS (Reuters) - French prosecutors have opened a preliminary inquiry into how former Renault chief Carlos Ghosn financed his 2016 wedding, the Figaro newspaper and Agence France-Presse said on Monday. The French carmaker said last month it had found evidence, following an internal probe,...

UK leader Theresa May suffers defeat on her Brexit divorce deal

The U.K. leader has failed to convince Parliament of her plan to leave the European Union. May's proposed "Withdrawal Agreement" was agreed with EU leaders in November last year. May lost by 230 votes after lawmakers voted by 432 to 202 to reject the deal. David Reid |...

The Late Billionaire lives we lost in 2018

Former US President George HW Bush, Fiat Chrysler chief executive Sergio Marchionne and Microsoft co-founder Paul Allen were among newsmakers in government, business and finance who died in 2018. The business world lost Ingvar Kamprad, founder of the Swedish furniture empire Ikea; Charles Lazarus, who...

Russia says U.S. has shown no evidence it is in breach of nuclear treaty

MOSCOW (Reuters) - Russia’s Ministry of Foreign Affairs said on Wednesday the United States had yet to provide any evidence Moscow was in breach of a landmark arms control treaty, but said it was ready to keep discussing the matter with Washington. The United States...

France drops fuel tax hike as ‘yellow vest’ anger persists

Michel Rose and Jean-Baptiste Vey PARIS (Reuters) - President Emmanuel Macron's government is dropping further fuel-tax hikes in next year's budget in the face of protests across France over living costs, his prime minister said on Wednesday, a day after announcing their suspension...

France protests: PM Philippe suspends fuel tax rises

Central Paris has seen vehicles burned, business premises damaged and hundreds of arrests Fuel tax rises which have led to weeks of violent protests in France have now been postponed for six months. The move was announced in a televised address by PM Edouard Philippe, who...

Britain reports two separate cases of rare monkeypox infection

Lagos Nigeria, Sept 11 - Two people in Britain have been diagnosed with a rare viral monkeypox infection in separate cases thought to be linked to travel to West Africa, health authorities said on Tuesday. Public Health England (PHE) said the second case, in a...