Tuesday, 25 June 2019

Tag Archives: Brexit

Boris Johnson far ahead in British PM contest

LONDON: Boris Johnson, who has pledged to deliver Brexit on Oct 31, surged closer to power, winning by far the most support from Conservative lawmakers in the first round of the contest to replace Prime Minister Theresa May. Three years since voting 52%-48% to leave the European Union, the United ...

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Boris Johnson would make ‘excellent’ British PM: Trump

LONDON: US President Donald Trump has said British former foreign minister Boris Johnson would make an “excellent” prime minister to replace Theresa May. Trump was speaking ahead of the start of a state visit to Britain on Monday, during which he will meet May. She is set to resign on ...

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Former Brexit secretary Domic Raab joing UK leadership race

LONDON: Britain’s eurosceptic former Brexit  secretary Dominic Raab on Saturday entered the race to succeed Theresa May as prime minister, vowing to leave the EU with or without a divorce deal. Raab became the sixth declared candidate, joining a crowded field that is expected to expand further in the days ...

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Ryanair posts weakest annual profits in four years

DUBLIN: Ryanair posted its weakest annual profit in four years on Monday and said earnings could fall further next year as Europe’s largest low-cost carrier grapples with overcapacity, Brexit and delays in delivery of the Boeing 737 Max. The airline posted a profit after tax for its financial year to ...

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UK Labour Party says Brexit Deal talks with PM to continue next week

LONDON: The office of UK Prime Minister Theresa May and the opposition Labour Party will meet next week for the next round of talks aimed at overcoming their disagreements over a UK withdrawal deal from the EU, the Labour spokesperson said amid Brexit uncertainty. The fresh round of the negotiations between Downing ...

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UK retail sales surge more than expected

LONDON: British retail sales rose far more than expected in March, official data showed, despite political uncertainty over Brexit and turmoil for department stores. Total sales increased by 1.1 per cent compared to February, when they rose 0.6pc, the Office for National Statistics (ONS) said in a statement. The March ...

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UK economy grows as factories get boost from pre-Brexit stockpiling

LONDON: Britain’s economy unexpectedly grew in February, helped by clients of manufacturers rushing to stockpile goods ahead of Brexit, official data showed on Wednesday. Gross domestic product grew by 0.2 percent from January, the Office for National Statistics said. Economists taking part in a Reuters poll had expected zero growth. ...

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Pound climbs before vital Brexit vote

LONDON: The pound climbed solidly on Friday before a crucial vote on Britain’s Brexit future. Stock markets meanwhile rallied, with investors looking past a downgrade of US growth to focus on the next round of top-level China-US trade talks. Around 1200 GMT, the pound was up 0.4 percent at $1.3100, ...

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Honda says any Brexit delay must be long enough to give stability

LONDON: Japanese carmaker Honda said any delay to Brexit must be long enough to give businesses stability whilst BMW is still preparing for a “worst-case scenario” no-deal Brexit after lawmakers backed postponing Britain’s exit from the EU. The country’s car sector, which employs more than 850,000 people, has quickly gone ...

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Brexit deal rejected second time

LONDON: The issue of when, if and how the United Kingdom leaves the European Union remained up in the air after MPs on Tuesday rejected the withdrawal agreement sewed by Prime Minister Theresa May over nearly three years after the 2016 referendum. The pound took another beating and business organisations ...

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