Brexit

Sterling Slides to 31-year Low as Brexit Shock Deepens

LONDON, June 27 – Sterling fell to a 31-year low against the dollar on Monday as a sell-off stemming from Britain’s decision to quit the European Union gathered pace, with the euro also pressured as Brexit clouded the future of the rest of the bloc. Safe-haven currencies like the yen and the Swiss franc extended

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British EU Vote Unnerves World Leaders and Markets

By Estelle Shirbon and Ben Blanchard LONDON, June 27 – Britain plunged deeper into political crisis on Sunday after its vote to leave the European Union last Thursday, leaving world officials and financial markets confused about how to handle the political and economic fallout. Britain’s Prime Minister David Cameron is expected to stay on in

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Scotland Could Veto Brexit Laws to Protect Its Interests – Sturgeon

LONDON, June 26 (Reuters) – Scotland’s parliament would consider blocking legislation on Britain’s exit from the European Union if that were necessary to protect Scottish interests, First Minister Nicola Sturgeon said on Sunday. Scotland, a nation of five million people, voted to stay in the EU by 62 to 38 percent in a referendum on

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China’s Finance Minister Sees ‘Brexit’ Heightening Uncertainty for Markets

BEIJING/TIANJIN, China, June 26 – China’s finance minister and leading economists on Sunday voiced concerns about Britain’s vote to leave the European Union, with the policymaker saying it has heightened market uncertainty, though some expect a limited impact on the Chinese economy. The “Brexit” decision “will cast a shadow over the global economy… The repercussions

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UK Opposition Leader Sacks Foreign Policy Chief, Deepens Divisions

By Elizabeth Piper LONDON, June 26 – Britain’s opposition Labour leader Jeremy Corbyn sacked his foreign policy chief on Sunday, a spokesman said, plunging the party into open conflict after Britain voted to leave the European Union. The EU referendum, which saw 52 percent of Britons voting to leave the EU, has begun to transform

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“No Need to Write, David,” Impatient EU Tells Cameron

By Alastair Macdonald BRUSSELS, June 26 – Britain need not send a formal letter to the European Union to trigger a two-year countdown to its exit from the bloc, EU officials said, implying British Prime Minister David Cameron could start the process when he speaks at a summit on Tuesday. “‘Triggering’ … could either be

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Merkel Sees No Need to Rush Britain Into Quick EU Divorce

By Michael Holden and Paul Carrel LONDON/BERLIN, June 26 – German Chancellor Angela Merkel sought on Saturday to temper pressure from Paris, Brussels and her own government to force Britain into negotiating a quick divorce from the EU, despite warnings that hesitation will let populism take hold. Eurosceptics in other member states applauded Britons’ decision

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Britain Votes to Leave EU, Cameron Quits

By Guy Faulconbridge and Kate Holton LONDON, June 24  – Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European project of greater unity since World War Two. Global financial markets plunged as results from Thursday’s referendum showed a near 52-48

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Britain Votes to Leave EU in Historic Divorce

By Guy Faulconbridge and Alistair Smout LONDON, June 24 – Britain has voted to leave the European Union, results from Thursday’s landmark referendum showed, an outcome that sets the country on an uncertain path and deals the largest setback to European efforts to forge greater unity since World War Two. World financial markets dived as

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From Trade to Migration: How Brexit May Hit the EU Economy

By Philip Blenkinsop BRUSSELS, June 24 – The European Union’s chief concerns over Britain’s vote to leave the group are political but losing its second-largest economy will have a huge economic impact as well. Below are some of the main economic risks and benefits for the EU’s remaining 27 members. BUDGET/ECONOMY Other members will have

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