Britain

Ten non-EU Financial Centres Authorised to do Business in the EU

BRUSSELS, Dec 16 – The European Union has authorized a batch of countries outside the bloc to offer clearing and trading of securities to EU firms, under a regime that Britain may also have to use after Brexit. The EU’s executive European Commission said on Friday it has granted so-called equivalence to the clearing houses

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British PM May’s Brexit Plan: Secret Strategy or Muddle?

By Guy Faulconbridge LONDON, Dec 14 – If Prime Minister Theresa May has a detailed Brexit plan, it is very secret. Since the June 23 referendum, May has been clear only that the United Kingdom will leave the European Union and that she will formally trigger exit talks by the end of March 2017. May

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Britain to Adopt New Anti-Semitism Definition to Fight Hate Crime

LONDON, Dec 12 – Britain said on Monday it would become one of the first countries to adopt an international definition of anti-Semitism to clamp down on hate crime after an increase in the number of reported incidents targeting Jews. Adopting the definition formulated in May by the International Holocaust Remembrance Alliance (IHRA) is meant

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Britain’s Brexit Plan? There Is No Plan, Leaked Memo Says

By Guy Faulconbridge LONDON, Nov 15 – Britain has no overall strategy for leaving the European Union and splits in Prime Minister Theresa May’s cabinet could delay a clear negotiating position for six months, according to a memo for the government that was leaked to The Times newspaper. The document, prepared by consultancy firm Deloitte

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Britain’s M&S to Close Stores as Profits Fall

By James Davey LONDON, Nov 8 – Britain’s Marks & Spencer said it would shut about 30 stores at home and 53 abroad, with its new boss seeking to revive the retailer by focusing more on food and less on its struggling clothes and homewares ranges. The retailer, whose shares have fallen 22 percent so

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Indivisible or Flexible? Brexit Battle Looms Over EU Freedoms

By Paul Carrel BERLIN, Nov 7 – British businessman Simon Boyd recalls winning a big contract to build an aircraft hangar in France – only to lose it because he couldn’t secure the required French insurance in time. “We tried very, very hard to sort it but it was unsortable, because we are not a

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U.K. PM May Seeks to Boost Trade Ties with India Before Brexit

By Kylie MacLellan LONDON, Nov 6 – British Prime Minister Theresa May will use her first bilateral trade trip since taking office to try to boost ties with India before leaving the European Union. May’s office said the visit starting on Sunday night would focus on breaking down barriers to trade and investment and paving

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Parliament Must Accept Brexit Vote was Legitimate: U.K. PM May

LONDON, Nov 6 – Parliament must accept that Britain’s vote to leave the European Union was legitimate and let the government get on with delivering Brexit, Prime Minister Theresa May said on Sunday. May has said she is confident of overturning a British court ruling that the government needs parliamentary approval to start the process

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