Brexit

Ex-London Mayor Johnson Abruptly Quits Race To Be Prime Minister

By Kylie MacLellan and Elizabeth Piper LONDON, June 30 (Reuters) – Former London mayor Boris Johnson abruptly pulled out of the race to become Britain’s next prime minister on Thursday, in a shock move that upturned a political order shaken by last week’s vote to leave the European Union. Johnson, whose support for the campaign

[ Read More ]

Hollande Says No to EU Referendum in France

PARIS, June 30 – President Francois Hollande on Thursday ruled out organizing a referendum on the European Union in France, saying next year’s presidential election will be the opportunity for voters to decide on which European policy they want. There have been growing calls in France for a referendum on the European Union since Britons

[ Read More ]

2027: England and Wales Submit Application for EU Membership

Exclusive to Newsweek Middle East: BY Sultan Al Qassemi February 26 2027 England and Wales submit application for EU Membership Almost nine years after withdrawing from the European Union, Sadiq Khan, the Prime Minister of the Union of England and Wales yesterday submitted an official request to Brussels to join the European Union. Last November

[ Read More ]

Expressing Regret, Cameron Says Britain Will Not Turn Back On EU

BRUSSELS, June 28 – Expressing regret and sadness over Britain’s decision to leave the European Union, Prime Minister David Cameron said on Tuesday the country would not turn its back on Europe and would instead build the strongest ties it could. At what he said would be his last EU summit, Cameron told a news

[ Read More ]

Business Outlook: What’s on Tap for Investors in July?

BY Christopher Dembik Traditionally, July is a relatively stable month for investors. However, in recent years, they have learned the hard way that there is no longer a quiet summer in financial markets. Investors will have to watch out for three main events next month that can influence financial assets. Fed on Standby The first

[ Read More ]

Brexit: The Aftermath

Britain polarized, markets slide, EU holds its breath.  — Xenophobia on the rise; Cameron out By Ben White In the early hours of Friday morning, Britain woke up to a political and economic earthquake. Asked whether or not the country should remain a member of the European Union (EU), a majority – 52 percent –

[ Read More ]

Branson Says Virgin Group Loses Third Of Its Value After Brexit

LONDON, June 28 – Richard Branson, founder and chairman of Virgin Group, said on Tuesday the company had lost about a third of its value since last week’s vote by Britons to leave the European Union, adding he believed the country was heading towards a disaster. Branson said Britain would fall into recession and that

[ Read More ]

World Stocks, Sterling Fight Back After Brexit Beating

By Marc Jones LONDON, June 28 – World stocks rose for the first time in three days and sterling and the euro climbed on Tuesday, as investors made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers. Bargain hunting trumped still widespread uncertainty over Britain’s

[ Read More ]

Brexit Casts Doubt Over New EU and NATO Defence Strategy

By Robin Emmott BRUSSELS, June 28 – Britain’s departure from the European Union risks undermining Europe’s new defence strategy, days before NATO and EU governments sign a landmark pact to confront a range of threats from Russia to the Mediterranean, officials say. The European Union and the United States plan to use two separate EU

[ Read More ]