Brexit

No Brexit Talks For Several Months, EU’s Juncker Concedes

PARIS, July 25 – Britain will need months of preparation before Brexit talks can start, EU Commission President Jean-Claude Juncker said on Monday, chiding the government in London for not preparing better for the possibility of a ‘Leave’ vote. Juncker, who also confirmed Britain would lose unrestricted access to the internal European Union market if

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UK’s Hammond: Brexit Path Might Be Clearer Later This Year

CHENGDU, China, July 24 – Britain’s new finance minister Philip Hammond sought to address concerns among global finance chiefs about the uncertain path ahead for the country’s exit from the European Union, saying there could be more clarity later this year. But Hammond also warned that volatility in financial markets was possible throughout the two-year

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Business Outlook: In Defense of (Some) Experts

BY John D’Agostino  It’s a bad time to know what you are talking about. ‘Experts’ are out of favor. Driven underground, pods of highly trained individuals are left to scavenge for anyone who will heed their clarion calls on Brexit, asset bubbles, vaccines, climate change, immigration, race relations—you know, the simple stuff. Doctoral candidates stand

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U.K.’s New Finance Minister: We Will Do Whatever is Necessary After Brexit

By Costas Pitas and Kate Holton LONDON, July 14 – Britain’s new finance minister, Philip Hammond, said on Thursday that he would do whatever is necessary to steady the economy and restore confidence after the Brexit vote. Hammond, 60, was appointed by Britain’s new Prime Minister Theresa May to run the world’s fifth largest economy.

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EU Wants Best Possible Ties With Britain After Brexit: Mogherini

BEIJING, July 13 – The European Union is hoping for the smoothest transition and best possible relationship with Britain after it leaves the union, EU foreign policy chief Federica Mogherini said on Wednesday. Interior minister Theresa May is set to become prime minister on Wednesday, succeeding David Cameron, who announced he was stepping down after

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Theresa May to Take Over as British PM After Brexit Shocks

LONDON, July 13 – Theresa May will take over the job of British prime minister from David Cameron on Wednesday after a series of political shocks caused by Britain’s vote to leave the European Union. May, who has been interior minister for six years and is seen by her supporters as a safe pair of

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Brexit and Protectionism: Two More Nails in Globalization’s Coffin

BY Christopher Dembik The globalization process has clearly stopped. The evolution of international trade in volume is close to its lowest level, which is the best proof that globalization is not working so well anymore. Not only this, but also the glorious period of the 2000s, which corresponds to a time of accelerated globalization as a

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Cameron Says UK Must Stay Close to the EU After Brexit

FARNBOROUGH, England, July 11  – Prime Minister David Cameron said it was in Britain’s fundamental interest to remain very close to the European Union when it renegotiates a new relationship with the bloc it voted to leave in a referendum last month. Speaking to global aerospace executives at the Farnborough airshow, Cameron said Britain must

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UKIP Leader Farage Says He Will Step Down After Brexit Victory

By Kylie MacLellan LONDON, July 4 – The leader of Britain’s anti-European Union UK Independence Party (UKIP) Nigel Farage said on Monday he would stand down after having realized his ambition of winning last month’s referendum in favour of Brexit. “I have never been, and I have never wanted to be, a career politician. My aim

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Thousands Gather in London to Protest Against Brexit Vote

By Alistair Smout LONDON, July 3 – Thousands of demonstrators gathered in central London on Saturday to march in protest against last week’s vote to leave the European Union, a result that has plunged Britain into political chaos and which most people in the capital rejected. Most protestors were young adults, and many were draped

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