Thursday, 22 August 2019

Tag Archives: Brexit

UK must leave European Union on Oct 31, PM Johnson

LONDON: Parliament should honour the 2016 Brexit referendum and leave the European Union on Oct. 31, British Prime Minister Boris Johnson said when asked if he would resign if his government lost a vote of no-confidence. Johnson has pledged to take Britain out of the EU at the end of ...

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UK says EU must compromise on Brexit deal

LONDON: British Prime Minister Boris Johnson urged EU leaders to drop their opposition to renegotiating Brexit, as the pound slumped on growing concerns about a no-deal departure. Johnson, who took office last week, wants to change the exit terms struck by his predecessor Theresa May but insists Britain must leave ...

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Boris Johnson promises start of ‘golden age’

LONDON: Boris Johnson has promised the “beginning of a new golden age”, as he made his first Commons statement as PM. Speaking to MPs, Mr Johnson said his government would throw itself into Brexit negotiations with energy, while Michael Gove would lead on no-deal planning as a “top priority”. He ...

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Boris Johnson wins race to become next British prime minister

LONDON: Former London mayor Boris Johnson on Tuesday won the race to become Britain’s next prime minister, defeating Foreign Secretary Jeremy Hunt in the Conservative Party leadership contest. Johnson defeated Hunt by 92,153 votes to 46,656 votes cast by members of the Conservative party. He will officially replace outgoing Prime ...

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Hammond says will resign if Johnson becomes PM

LONDON: Britain’s finance minister Philip Hammond said on Sunday he would resign on Wednesday before his expected sacking by the favorite to become Britain’s next prime minister, Boris Johnson, takes office. “I am sure I am not going to be sacked because I am going to resign before we get ...

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Irish finance minister says no-deal Brexit more likely

DUBLIN: Irish finance minister Paschal Donohoe said on Tuesday that the prospect of Britain leaving the European Union without a deal was more likely than it had been. Both candidates to replace Theresa May as prime minister, Boris Johnson and Jeremy Hunt, have said that they would be prepared to ...

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Facebook’s Libra currency under fire

LONDON (AFP) – Facebook’s planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces scepticism among the wider cryptocurrency community as well. One theme – besides Brexit – dominated discussion among the movers and shakers from London’s financial technology or FinTech industry as ...

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UK opposition backs new Brexit referendum

LONDON: Jeremy Corbyn has challenged the next Tory leader to hold another referendum before taking Britain out of the EU, saying Labour will campaign for Remain. Corbyn says the party will take this position to stop “no deal or a damaging Tory Brexit”. But he does not say what he ...

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Protestors mark opening of European Parliament

LONDON: The European Parliament has re-opened in Strasbourg with an anti-EU protest by the UK’s Brexit Party and a demonstration by Catalan nationalists whose MEPs are barred. The first session after Europe-wide elections in May began as EU leaders went into a third day of talks on who should fill ...

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Ryanair seeks to limit UK share holding with buyback amendment

DUBLIN: Ryanair amended the terms of a 700 million euro ($795 million) share buyback on Wednesday to allow block repurchases it said could limit the holdings of British shareholders and ensure it remains majority EU-owned after Brexit. Ryanair triggered contingency plans in March to restrict the voting rights of British ...

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