Sunday, 28 May 2017

Tag Archives: Brexit

Britain ‘steadfastly committed’ to Gibraltar – PM May

Gibraltar

LONDON: Britain is “steadfast” in its commitment to Gibraltar and will work with the territory on the southern tip of Spain to secure the best possible outcome from Brexit talks, Prime Minister Theresa May said on Sunday. The European Union proposed on Friday offering Spain a right of veto over ...

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Britain to launch EU exit process today

Brexit

LONDON: Britain formally launches the process for leaving the European Union on Wednesday, a historic step that has divided the country and thrown into question the future of the European project. Just days after the EU’s 60th birthday, Britain is poised to become the first country ever to seek a ...

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Rivals Paris and London announce joint business plan

PARIS LONDON

PARIS: Paris and London, traditional rivals when it comes to attracting tourists and industry, have signed a business agreement to cooperate in attracting visitors and companies. The two cities, which are linked by rail, have seen their rivalry intensify recently as Paris hopes to welcome finance jobs that are expected to ...

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Mayor Sadiq Khan urges EU not to punish UK for Brexit

SADIQ KHAN

LONDON: The EU should not try to “instil fear” by threatening to “punish” the UK for Brexit with a bad deal, the London Mayor has warned Brussels. Sadiq Khan says the EU should not try to “secure its future by fear” and said a bad deal for Britain’s capital would ...

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Now is not the time, PM May tells Scotland on independence vote

LONDON/EDINBURGH: British Prime Minister Theresa May told the Scottish government “now is not the time” for a second independence referendum, saying it would be unfair to ask people to vote without knowing the result of Brexit talks. Her comments raised tensions with Scotland, where nationalists have called for a new ...

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British House of Lords passes landmark Brexit Bill

house-of-lords

LONDON: British Parliament has passed the Brexit bill, paving the way for the government to trigger Article 50 so the UK can leave the European Union. Peers backed down over the issues of EU residency rights and a meaningful vote on the final Brexit deal after their objections were overturned by ...

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Brexit bill delayed as Lords back EU nationals’ rights

h-parliament-uk

LONDON: The House of Lords voted to amend and thereby delay a bill empowering Prime Minister Theresa May to begin Brexit negotiations, demanding guarantees for EU nationals living in Britain. Peers voted by 358 to 256 for an amendment requiring ministers protect the rights of more than three million European ...

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British Airways owner plans €500m share buyback

BRITISH AIRWAYS

LONDON: International Airlines Group reported a 9 per cent rise in operating profit for 2016 and announced its first ever share buyback, worth €500m, as the company disclosed a €460m hit to earnings mainly stemming from sterling’s weakness after Brexit. IAG’s performance last year was partly fuelled by the acquisition of ...

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Barclays: Dublin might become European HQ

BARCLAYS

LONDON: Barclays has admitted it “may add some people in Dublin” if its London base loses single market access post-Brexit. The confirmation comes one month on from a Bloomberg that the bank had started scouting the Irish capital for office space in early 2017 and had been in discussion with regulators ...

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