24th August 2018
Britons living in the European Union could lose access to their UK bank account services and businesses on the continent could be cut off from investment banks in London if there is a no-deal Brexit, the British government said on Thursday. In a document detailing contingency planning if Britain leaves… Read More
17th August 2018
World soccer’s ruling body FIFA says the Ghanaian government has pledged to stop the process to wind up the country’s football association (GFA) over corruption allegations. FIFA, which earlier this week threatened to suspend Ghana from international football, said the two sides had on Thursday agreed to work together “to… Read More
9th August 2018
HSBC (HSBA.L) has shifted ownership of its Polish and Irish subsidiaries from its London-based entity to its French unit, and will do so for seven more European branches, as it prepares for Britain’s exit from the European Union. HSBC France will also acquire the activities of seven European branches in… Read More
31st July 2018
Britain has warned the European Union negotiators that EU financial firms will face obstacles to working in the country after Brexit unless the City of London is allowed to operate in the bloc as it does currently, the Guardian reported on Monday. The Guardian said that about 7,000 European based… Read More
26th July 2018
Britain’s banking industry will emerge largely unscathed from Brexit and retain its position as one of the world’s top two financial centers for the foreseeable future, Barclays’ (BARC.L) Chairman John McFarlane told Reuters. Home to the world’s highest number of banks and largest commercial insurance market, the City of London… Read More
23rd July 2018
Prime Minister Theresa May’s plans to leave the European Union are overwhelmingly opposed by the British public and more than a third of voters would support a new right-wing political party committed to quitting the bloc, according to a new poll. May’s political vulnerability was exposed by the survey which… Read More
10th July 2018
David Davis has quit as Secretary of State for Exiting the EU, citing disagreements with Number 10’s stance and concerns that the general direction of policy will leave Britain in ‘at best a weak negotiating position, and possibly an inescapable one.’ Current housing minister and ex-lawyer Dominic Raab will take… Read More
9th July 2018
AP — British Foreign Secretary Boris Johnson resigned Monday, adding to divisions over Brexit that threaten to tear apart Prime Minister Theresa May’s government. May’s office said in a terse statement that the prime minister had accepted Johnson’s resignation and would name a replacement soon. Johnson, one… Read More
20th June 2018
AP — The United States announced Tuesday it was leaving the United Nations’ Human Rights Council, with Ambassador Nikki Haley calling it “an organization that is not worthy of its name.” It was the latest withdrawal by the Trump administration from an international institution. Haley,… Read More
14th June 2018
AP — British lawmakers rejected proposals by pro-European Union politicians Wednesday that were intended to lock the U.K. into the bloc’s customs union and single market after Brexit. The results were a victory for Prime Minister Theresa May’s Conservative government, which is determined to take the country… Read More