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Brexit on WTO terms would not be the end of the world - Fox

Britain leaving the European Union without a new trade deal would not be the end of the world, although failing to keep existing open relationships could have global repercussions, Britain's trade minister said in an interview on Thursday.

Vince Cable becomes leader of Liberal Democrat Party

Veteran lawmaker Vince Cable was elected unopposed to lead Britain's pro-European Liberal Democrat Party on Thursday, promising to restore the party's influence and use it to argue for a softer exit from the European Union.

Euro soars after Draghi comments, world shares up again

The euro strengthened to its highest level in nearly two years against the U.S. dollar on Thursday after Europe's central bank chief said officials would discuss possible changes to its bond-buying scheme this autumn, while a gauge of stocks globally gained for a 10th straight session.

Germany steps up economic pressure on Turkey in rights row

Germany told its citizens on Thursday to exercise caution if travelling to Turkey and threatened measures that could hinder German investment there, in a sign of growing impatience with a NATO ally after the detention of rights activists.

ECB's Draghi delays day of reckoning after market backlash

The European Central Bank left its ultra easy monetary policy unchanged on Thursday and did not even discuss clawing back stimulus, suggesting it may delay an inevitable decision on tapering bond buys until the latest possible moment.