25 C
Lagos, South Africa and New York
Wednesday, July 8, 2020

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...

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 |...

Ireland says EU reaction to Brexit white paper lukewarm – minister

DUBLIN (Reuters) - Ireland’s foreign minister said on Friday reaction from EU capitals to Prime minister Theresa May’s Brexit white paper was lukewarm but said there was agreement it formed the basis for negotiations. “There has been a response that has been lukewarm to...

British foreign secretary quits in protest at May’s Brexit plan

LONDON (Reuters) - Prime Minister Theresa May’s strategy for leaving the European Union hung in the balance on Monday after two leading eurosceptic ministers resigned in protest at her plans to retain close EU ties after Brexit. Foreign Secretary Boris Johnson decided to walk...

UK House Price Growth At 5-Year Low: Nationwide

UK house prices increased at the slowest pace in five years in June on squeezed household budgets and Brexit uncertainty, data from the Nationwide Building Society showed Wednesday. House prices grew 2 percent year-on-year in June, following May’s 2.4 percent rise. This was the weakest...

Uber wins back London licence

Uber has won back its London licence in a major court victory that will allow the app to continue operating in its largest European market ahead of an initial public offering next year. British judge Emma Arbuthnot granted Uber a 15-month licence on Tuesday with...

Brexit: UK Hungry for New Investments, Offers New Visa to Attract Entrepreneurs

The U.K. will offer visas to immigrants looking to start new businesses as it seeks to attract tech entrepreneurs, amid reports they are being deterred by Britain’s vote to leave the European Union. Applicants will need the endorsement of a university or a business sponsor...

ECB asks Deutsche Bank to gauge investment banking exit costs: source

FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) has been asked by European Central Bank supervisors to calculate the potential costs of winding down its investment banking operations, a source told Reuters on Sunday. Germany’s biggest lender has been calculating the financial effects of a potential move...

Christian Sewing to become new CEO of Deutsche Bank – source

FRANKFURT (Reuters) - Christian Sewing, currently co-deputy chief executive officer of Deutsche Bank (DBKGn.DE), is to become the new CEO of Germany’s biggest lender, replacing John Cryan, a person familiar with the matter told Reuters on Sunday. Sewing, a German national, would replace Cryan, a...

Throwing Brexit to the wind: how the EU rallied around Britain over Russia

BRUSSELS (Reuters) - Three days after European Union leaders left a summit in Brussels with a discreet yet vague agreement to expel Russian diplomats over a nerve agent attack on British soil, envoys met back to share details before an afternoon deadline. Unveiling national expulsion...
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