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Brexit weekly briefing: EU citizens' rights become key battleground

Opposition peers say vote on amendment to secure EU nationals’ rights in Britain is winnable – and could happen this week<p>Welcome to the Guardian’s weekly Brexit briefing, a summary of developments as Britain heads more or less steadily towards the EU door marked “exit”. If you’d like to receive it …

2016 August 23 - Gigantic Jet Lightning over China

<b>Gigantic Jet Lightning over China</b> <b><br>Image Credit & Copyright:</b> Phebe Pan<p><b>Explanation:</b> That's no meteor. While watching and photographing this year's …

China

Kier shrugs off Brexit slump fears after landing multi-million pound contracts

Construction group Kier has shrugged off worries about a post-referendum slump in building activity after landing places on three contracts totalling more than £5bn.<p>Shares in the FTSE 250 business rose almost 3.5pc – seven times the wider mid-cap index – on news that it was involved in three …

Chinese tourists set another record in changing shopping in Japan

The spending power of Chinese tourists in Japan is so impressive there’s a special word for it: bakugai, or explosive buying.<p>While the soaring yen …

Brexit means Brexit … but the big question is when?

Leaving the EU may not happen soon given the government does not know what it wants and is not yet equipped to ask for it<p>Two months ago on Tuesday, Britain voted to leave the European Union. The shock was immense; the fallout dramatic. But then summer came. The early turbulence subsided and …

We won't trigger Article 50 until after 2017 – and that means Brexit may never happen at all

It is now eight weeks since we voted to leave the EU but it may be at least eight years before the UK is fully and totally out of Europe – if we …

Will Brexit deal suit the City of London?

<b>The City of London and the UK's financial services industry, like the rest of the economy, remains part of the EU's single market.</b><p>Although the market is not quite as smooth and borderless for financial services as it is for, say, manufacturing, the City has been pretty happy with that deal.<p>Not …

Financial Services

U.K. Said to See Brexit Most Likely Triggered by April 2017

Prime Minister Theresa May’s team is still leaning toward the first part of 2017 as the best moment to trigger the start of formal talks over the …

Britain not to trigger EU divorce before end of year - Downing Street

LONDON (Reuters) - British Prime Minister Theresa May will not begin formal divorce talks on leaving the European Union before the end of the year, a government spokeswoman said on Friday.<p>Britain's Prime Minister, Theresa May, speaks to the media outside number 10 Downing Street, in central London, …

Downing Street

Brexit Armageddon was a terrifying vision – but it simply hasn’t happened | Larry Elliott

Project Fear predicted economic meltdown if Britain voted leave, so where are the devastated high streets, job losses and crashing markets?<p>Unemployment would rocket. Tumbleweed would billow through deserted high streets. Share prices would crash. The government would struggle to find buyers for UK …

Property funds back in favour as Brexit fears fade - and some yield 6pc

Commercial property investment trusts remain well placed to deliver income despite fears of punishing falls to the value of buildings in the wake of the vote to leave the European Union, according to brokers.<p>Investment trust researchers at Canaccord Genuity said that, despite a 2.8pc fall in values …

The company behind WeChat just blasted past Alibaba to become China’s biggest tech giant

There was a changing of the order overnight as Alibaba was dethroned from its position as China’s most valuable tech company.<p>Squeaking ahead is …

UK borrowing falling slower than hoped despite July surplus – as it happened

<b>Sam Tombs</b> of <b>Pantheon Economics</b> has crunched today’s public finance numbers, and concluded that the government is on track to miss its borrowing target for 2016-17.<p>Here’s his workings out:<p>Samuel Tombs (@samueltombs)Underwhelming July surplus leaves public borrowing set to hit £66.7B this year, …

China’s worst Olympics in Rio suggests a change in the country’s attitude towards sport

The good news for China is that this won't be their worst Olympics in a generation. It's a close-run thing, though.<p>China's gold in the table tennis women's team final on Tuesday ensured they equalled their total of 16 from 1996 and 1992, while another one in diving from Cao Yuan took them to 17. On …

Entertainment - MarketWatch.com

A recent social-media hashtag, #ReasonsImNotRich, attempted to answer that complex question.<p>2 min ago12:00 p.m. July 3, 2018<p>How the ‘fear of missing …

The City pushes for Swiss-style Brexit

The City is pushing for a bespoke Brexit deal amid rising fears that maintaing full access to the EU single market will be impossible.<p>The British Bankers Association has submitted a plan to the Government which leans towards a Swiss-style approach and would allow some sectors to keep trading with …

What Brexit? Surprisingly strong U.K. data dispel recession fears

The first round of official post-Brexit data is out and the verdict is clear: The EU referendum isn’t destroying the U.K. economy as some people had …

Bank of England

Brexit is 'irrevocable' and negotiations must take place, says Angela Merkel

Angela Merkel has insisted there is no way to reverse the UK's decision to vote for Brexit, saying the result is "irrevocable".<p>Prime Minister Theresa …

UK to avoid recession and world economy to ‘stabilise’ as Brexit shock passes - but US poses biggest risk to global growth

Britain’s economy will slow down but should not go anywhere close to a recession, according to economists at credit ratings agency Moody’s, while growth in the rest of the world is also “stabilising.”<p>Although markets dived on the referendum result in June, stock prices have recovered and now …

The world’s biggest investor is assuming the worst for UK property prices after the Brexit vote

Norway is feeling the sting from Brexit. The country’s $880 billion sovereign wealth fund, which is the biggest in the world, said that the uncertainty created by the UK vote to leave the European Union is so great that it’s no longer sure what its extensive property investments in the country are …

Real Estate

A Welcome Brexit Effect - British Farmland Likely To Fall In Value

People who currently own farmland, especially those with mortgages on it, will not be happy to hear this. But it looks like the uncertainty over Brexit is going to make prices of British farmland fall. This is a good thing of course. Land is an input into agriculture and we like it when input …

UK labor market shows little sign of immediate Brexit hit

LONDON (Reuters) - The number of people claiming unemployment benefit in Britain unexpectedly fell in July despite the shock decision by voters to leave the European Union, suggesting little immediate impact from Brexit on the labor market.<p>Benefit claimants fell by 8,600 in the month, compared with …

Economics

Britain is nowhere near ready to trigger Article 50

It has been nearly two months since Britain voted to leave the European Union but the government isn't even close to being prepared to begin …

UK unemployment claimant count falls after Brexit vote

Fears that a Brexit vote would trigger widespread job losses were not realised last month, with the number of people claiming jobseeker’s allowance unexpectedly falling. The claimant count fell by 8,600 to 763,600 in July, compared with expectations of a rise of 9,500, according to the Office for …

UK households recover from Brexit hit to confidence on finances, Markit says

LONDON (Reuters) - British households have recovered from a loss of confidence about their finances after the country voted to leave the European Union, a survey showed on Wednesday, another sign consumers are taking the referendum result in their stride.<p>A woman shops at a Sainsbury's store in …

Bank of England