Wednesday, 15 August 2018

Tag Archives: Brexit

Stellar EU banks’ performance won’t last

PARIS: European banks may have managed to generate surprisingly solid earnings in the second quarter, but low interest rates, Brexit fears and trade war woes make a repeat performance unlikely, analysts say. Big names BNP Paribas, Barclays, Intesa Sanpaolo, Credit Suisse and BBVA all wrongfooted sector experts with results exceeding ...

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EU drugs agency to see 30% staff losses over Brexit move

The European Medicines Agency (EMA) is to scale back operations further as it copes with higher than expected staff losses, triggered by the watchdog’s forced relocation from London to Amsterdam because of Brexit. “Overall, EMA expects a staff loss of about 30%, with a high degree of uncertainty regarding mid-term ...

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British PM wins key Brexit vote despite ongoing rebellion

LONDON: British Prime Minister Theresa May narrowly survived another crunch Brexit vote in parliament Tuesday, as she struggles to unify her divided party around her strategy for leaving the European Union. The Conservative government defeated an amendment introduced by its own backbench MPs to a future trade policy bill which ...

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Brexit bill becomes law

LONDON: A bill enacting Britain’s decision to leave the European Union has become law after months of debate, the House of Commons speaker announced on Tuesday, to cheers from eurosceptic lawmakers. Speaker John Bercow said the EU (Withdrawal) Bill, which repeals the 1972 Eu­­ro­pean Communities Act through which Britain beca­­me ...

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Indian-origin student racially abused in UK

LONDON: A 28-year-old Indian-origin student in the UK has been racially attacked by a man, shouting “Brexit, go back home” after the Briton made sexist remarks towards a hijab-clad woman, media reports said. Rickesh Advani, a political science student at Cambridge University, confronted the man for his comments towards the ...

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Brexit: UK, EU will not get ‘exactly what we want, PM May says

Prime Minister Theresa May.  REUTERS/Joe Giddens/Pool LONDON: British Prime Minister Theresa May said on Friday that both London and Brussels will have to make concessions in Brexit negotiations, adding that she remained “confident” of a deal with the EU. “We both need to face the fact that this is a ...

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Pakistan to deploy troops in Saudi Arabia

In a major policy shift, Pakistan will deploy troops in Saudi Arabia under an existing bilateral security cooperation agreement with its close ally which is involved in a civil war in neighbouring Yemen. Pakistan Army announced the decision to send troops on a “training and advise mission” to Saudi Arabia ...

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Brexit gives grounds for hope, says Boris Johnson

Boris Johnson

LONDON: Foreign minister Boris Johnson will appeal on Wednesday to those who he says are seeking to reverse the result of Britain’s vote to leave the European Union, saying Brexit “is not grounds for fear but hope”. In the first of several speeches by government ministers that Prime Minister Theresa ...

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France expects UK to pay up, take more refugees to keep border

PARIS: France expects Britain to agree to take more asylum seekers and pay more for border security in order to maintain a frontier on the French side of the Channel, a French government official said. Britain’s border was extended into France under a 2003 bilateral treaty known as the Le ...

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‘No deal’ Brexit could cost Britain about 500,000 jobs: London mayor

LONDON: Britain could lose almost 500,000 jobs and 50 billion pounds ($67.41 billion) investment over the next 12 years if it fails to agree a trade deal with the European Union, according a report commissioned by London Mayor Sadiq Khan. Cambridge Econometrics, an economics consultancy, looked at five different Brexit ...

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