Monday, 24 July 2017

Tag Archives: Brexit

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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Protesters hit the streets again in Britain against a Trump visit

LONDON PROTEST

LONDON: Thousands of people have protested outside Westminster in London overnight as a House of Commons debate raged inside over the decision by the May Government to offer US President Donald Trump a state visit to the UK. Protesters are trying to get Prime Minister Theresa May to withdraw her ...

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HSBC shares slide after 62% profit fall

HSBC

LONDON: Shares in HSBC have fallen after the bank reported a steeper-than-expected fall in annual profits. It reported a $7.1bn (£5.7bn) pre-tax profit for 2016, down 62% on the $18.9bn reported a year earlier. HSBC attributed the fall to a string of one-off charges, including the sale of its operations ...

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