United Kingdom

Prince Harry Regrets Not Talking Sooner About Diana’s Death

LONDON, July 25 – Britain’s Prince Harry has spoken about how he regrets not talking sooner about the impact of the death of his mother, Princess Diana. Diana died in a car crash in Paris in 1997, when Harry was 12 and his brother Prince William was 15. Harry, now 31 and fifth in line

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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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Foreign Banks Stand to Lose From Turkey Coup Fallout

By Asli Kandemir and John O’Donnell ISTANBUL/FRANKFURT, July 19 – Foreign banks have invested heavily in Turkey, leaving them exposed to any jolt to confidence as the country purges police, military and the judiciary following a failed military coup. France and the United Kingdom have the largest credit exposure to the country, central-bank data from

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British Lawmakers Back Renewal of Trident Nuclear Deterrent

By Michael Holden and Kylie MacLellan LONDON, July 18 – Lawmakers voted strongly on Monday to renew Britain’s ageing nuclear weapons system, a multibillion-pound project regarded as key to maintaining the country’s status as a world power following its vote to leave the European Union. Despite opposition from the pro-independence Scottish National Party (SNP) and

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UK-Turkey Ties Stronger Than Boris Johnson’s Quips: Turkish official

ISTANBUL, July 14 – Turkey will draw a line under disparaging comments by Britain’s new foreign secretary Boris Johnson about President Tayyip Erdogan and his nation, a senior official said on Thursday, but warned relations would be damaged if he repeated such insults. Johnson, the former London mayor who was appointed foreign secretary late on

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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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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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Chilcot and the Great Game

The Iraq Inquiry’s verdict on Tony Blair’s misadventures is finally out. It makes for tough reading BY Sunny Hundal The story of why Britain invaded Iraq with the U.S. is of a once-powerful empire yearning for its former military stature in the world. Some say it was Iraq’s oil that seduced Tony Blair into joining George Bush; others point to Britain’s eagerness

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