European Union

The Trump administration could turn its back on the liberal world order created after World War II

The European Union and the NATO alliance have been pillars in the Western liberal world order since World War II — and US President-elect Donald Trump seems indifferent about their survival.<p>Trump made waves this week by repeating his assertions that NATO is "obsolete" and remarking that the EU's …

World Politics

U.K.'s Hammond on Brexit, Financial Services, Pound

U.K. Chancellor of the Exchequer Philip Hammond discusses Brexit negotiations, its impact on financial services and his outlook for the pound. He …

World News

May strikes a friendly note at Davos, despite 'hard Brexit' vision

After announcing a hard Brexit earlier this week, the British prime minister offered words of friendship in Davos. That wasn't enough to stop talk of a potential collapse of the European Union.<p>Two large banks have announced in Davos that they will cut jobs in Britain due to its planned exit from …

EU Referendum

The Death of the British Dream

How Theresa May got away with an extreme policy that few ever really wanted.<p>On Tuesday, <b>Theresa May</b> made an unusual choice for the backdrop of her historic announcement regarding the terms of Britain’s departure from the European Union. The prime minister chose not Parliament but rather a lectern at …

Elections (UK)

Theresa May opts for a hard Brexit

The government promises a “truly global Britain” after Brexit. Is that plausible?<p>HALF a year after choosing Brexit, Britons have learned what they …

EU Referendum

Russia-friendly Radev sworn in as Bulgaria's president, set to dissolve parliament

SOFIA (Reuters) - Former air force commander Rumen Radev was sworn in as Bulgaria's new president on Thursday and said he would dissolve the parliament in a week's time following the collapse of the centre-right government.<p>Radev, a political newcomer who ran as an independent with the backing of …

Russia

Britain Has a Warning for the EU: Give Us a Trade Deal or We’ll ‘Find Ways’ to Compete

Finance minister Philip Hammond warned the European Union on Thursday that Britain would be forced to find different ways to remain competitive if …

EU Referendum

Theresa May Says Britain Will Lead a New Era of Free Trade

LONDON — Trying to reassure bankers and multinational companies that Britain will be open for business even as it plans a sharp break with the European Union, Prime Minister Theresa May braved the elitist chill of the World Economic Forum on Thursday to argue that Britain is committed to free trade …

EU Referendum

Weak pound lures American tourists to Britain, but Europeans unmoved

| LONDON<p>North American tourists flocked into Britain to take advantage of the weak pound after last year's Brexit vote, but spending by European tourists - far greater in number - slipped compared with a year earlier.<p>Taken as a whole, Thursday's official data suggested there was little immediate …

World Economy

German farmers seek continued access to UK food market post Brexit

Negotiations on Britain's exit from the European Union should include providing continued access for German farmers to the British food market, where they enjoy a healthy trade surplus, the head of Germany's farm association DBV said on Thursday.<p>Germany exported about 4.8 billion euros (4.16 …

Business (UK)

George Soros says Theresa May 'will not last' and the UK is 'in denial' after Brexit

Hungary-born billionaire George Soros has said that he believes Prime Minister Theresa May "will not last" and that Britons are "in denial" after …

World News

Bankers discuss plans to move jobs out of UK

If this week’s speech by Theresa May on her Brexit plans was designed to reassure the City of London and stop banks from shifting jobs out of the UK, …

Banking

Goldman Sachs stalls plan to move jobs to UK amid Brexit uncertainty

US firm slows London hiring as City employers including HSBC and UBS warn they will have to relocate staff out of Britain<p>Goldman Sachs has slammed the brakes on plans to move key operations from the US to London because of the uncertainty created by the vote for Brexit.<p>The Wall Street firm – in the …

FinTech

The first poll since May's Brexit speech gives the Tories a massive lead of 17%

LONDON — The Conservative Party enjoys a 17% lead over Labour following Theresa May's landmark Brexit speech, according to a new YouGov poll for the Times newspaper.<p>May's party is in an incredibly comfortable position. 42% said that they plan to vote for the Tories at the next election, up three …

EU Referendum

Thank God the PM will face down anyone over Brexit – even those she once agreed with

At last we’re ruled by a politician who can show a touch of humility. Because Theresa May insists Britain will be richer and more free and glorious …

EU Referendum

ECB Succeeding on Euro Zone Economy, But Risks Remain

European Central Bank President Mario Draghi said on Thursday that actions the bank has taken in December have succeeded in improving the economic climate, but he pledged to do more if the improvement proved transitory.<p>He also said economic growth in the euro zone would be held back by the lack of …

World Economy

Britons aren't actually opposed to free movement. They just don't want it with the EU

For decades, the UK has discriminated in its immigration policies, depending upon where the immigrant was from. It has been easier to get into the UK if you were from, say, France than if you were from, say, Somalia. We thus have no deep-seated objection to discriminating between countries.<p>We are …

Immigration

PM May urges firms to end short-term thinking, show global leadership

Multinational businesses must avoid short-term thinking and show leadership to help restore faith in globalisation among citizens who feel left behind by the pace of economic change, British Prime Minister Theresa May said on Thursday.<p>May said businesses must put aside short-term considerations and …

Euro

May plays down sterling weakness - Bloomberg

Britain's Prime Theresa May played down recent falls in sterling in a television interview on Thursday, saying data since Britain voted to leave the European Union pointed to underlying strength in the economy.<p>"We have seen different movements in the pound over the last six months. But what we have …

World News

The EU is exploring legal personhood for robots

“We don’t serve their kind here.”<p>For the time being, robots don’t need civil rights—they have a hard enough time walking, let alone marching—but the European Union doesn’t expect that to be the case forever. The European Parliament’s committee on legal affairs is considering a draft report, written …

Robotics

Can Europe Save the Iran Deal?

It's no secret that many of President-elect Donald Trump's advisers favor killing the Iran nuclear deal. But to hear Europe tell it, they will not blindly follow suit. EU foreign policy chief Federica Mogherini recently said Europe might line up with Russia against any efforts by the Trump …

Iran

ECB Holds Bond-Buying Steady, Watching Inflation

The European Central Bank held steady on its quantitative-easing program while waiting to see a sustained increase in inflation. Bloomberg's Jonathan …

Business

New York Jets owner picked to be US ambassador to UK

U.S. President-elect Donald Trump picked Woody Johnson, the owner of the New York Jets football team, to be the American ambassador to the …

European News

EU Praises Audiobook Decision by Apple and Amazon (AAPL, AMZN)

The European Union's antitrust authority has praised Apple Inc. (AAPL) and Amazon.com, Inc.'s (AMZN) decision to scrap a 2003 contractual obligation …

Personal Finance

Davos 2017: German finance minister Schäuble warns UK against becoming a low tax haven

German finance minister Wolfgang Schäuble says the UK has to stick to existing international agreements.<p>Germany's finance minister warned the UK on …

Euro

French Socialists still trail four other Presidential candidates as primary approaches: poll

PARIS (Reuters) - France's Socialists still trail well behind four other main candidates for the French presidency days ahead of the first round of the party's presidential primary, according to extracts from a new opinion poll published by Le Monde.<p>An article on the newspaper's web site on …

Elections

Nigel Farage plans inaugural party as Europe's far-right leaders visit US

Leading Brexit figure has reportedly invited hundreds of people to Washington event while Austrian politician says he is coming to city for meetings<p>Nigel Farage, the Brexit leader, will be hosting an inauguration party on Thursday night in Washington, just a few hundred yards from the White …

UK Politics

Khan: Britons Didn't Vote to Become Poorer Outside the EU

London Mayor Sadiq Khan discusses what Brexit means to the city of London, securing privileged access to the EU single market and how he plans to …

Euro

European hackles - more than hopes - are up as Trump takes office

EU lawmakers call for official complaint over Trump's fatalistic view of bloc<p>Europe has spent the period between the shock election of Donald Trump and his ascension to the White House biting its nails. But the new president's recent disparagement of the future of the European Union -- basically …

NATO

Is Scotland stepping closer to a second independence referendum?

Prime Minister Theresa May made clear this week the UK is to leave the EU's single market. Scotland's First Minister Nicola Sturgeon had wanted the UK to stay in. So, does that mean we are closer to having a second Scottish independence referendum? Here I weigh up the issues.<p><b>In the immediate</b> …

EU Referendum