Edition:
United Kingdom

The road to Brexit

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Late Easter pulls down UK car output by 18 percent in April

LONDON British car production fell 18.2 percent in April from a year earlier as the number of manufacturing days in the month was reduced by a later Easter break, an industry body said on Thursday.

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France makes Brexit pitch to Wall Street banks in New York

NEW YORK More than 20 banks and asset management firms are in advanced discussions with regulators in France about shifting jobs there following Britain's vote to leave the European Union, former Bank of France chief Christian Noyer said on Tuesday.

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Ryanair CEO says he believes 'hard Brexit' is inevitable

BRUSSELS Ryanair Chief Executive Michael O'Leary said he believed that a "hard Brexit" is inevitable, adding that in the worst case scenario he could redeploy the airline's entire British fleet.

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After Brexit, EU plans 'offer you cannot refuse' to expand euro zone - Moscovici

BRUSSELS The European Commission aims to make adopting the euro more attractive to European Union members currently outside the currency bloc, the economics commissioner said on Tuesday, in a bid to make the union more tight-knit after Britain's vote to leave.

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Macron fuels German economic optimism as core euro-axis tones up

BERLIN Business morale in Germany hit its highest since reunification in May and an already rosy growth outlook brightened further, tapping into hopes that Berlin will ally with Paris in spearheading a broad-based economic revival in Europe.

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German FinMin says most post-Brexit euro clearing should have EU oversight

BRUSSELS German Finance Minister Wolfgang Schaeuble said on Tuesday most, but not all, euro clearing should be subject to European oversight after Britain leaves the bloc.

Paragon's first-half profit drops, but buy-to-let pipeline robust

British buy-to-let mortgage lender Paragon Group of Companies Plc reported a marginal fall in first-half profit, but said its buy-to-let pipeline had more than doubled as full-year lending volumes topped its expectations.

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French election result a positive signal, says Ifo economist

MUNICH The election of Emmanuel Macron in France is a positive signal for Europe, Ifo economist Klaus Wohlrabe said, adding neither the prospect of Brexit nor the policies of U.S. President Donald Trump had yet had concrete effects on the German economy.

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Rattled May forced into 'dementia tax' U-turn after poll lead halves

LONDON British Prime Minister Theresa May was forced to backtrack on one of her most striking election pledges on Monday to force elderly people to pay more for their social care after her party's opinion poll lead halved in just a few days. | Video

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SNP election policy document launch postponed after Manchester attack

EDINBURGH The launch of the Scottish National Party's policy offer was suspended on Tuesday after at least 22 people were killed by a suicide bomber at a concert in the English city of Manchester.

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Dollar slips on political uncertainty; oil, euro rise

NEW YORK The dollar slipped to a more than six-month low on Monday, weighed down by an uncertain U.S. political climate, while oil prices rose on expectations that crude output cuts would continue and the euro surged.

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May's election lead falls to 14 points as Labour draws support - ICM

LONDON Britain's Labour Party has cut the lead of Prime Minister Theresa May's Conservatives to 14 points from 20 points a week ago, according to an ICM poll which showed Labour regaining ground in some of its most closely contested voting districts.

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May says has support for long-held immigration target - BBC

LONDON Prime Minister Theresa May denied on Monday that her top ministers did not support a target to bring down immigration to the tens of thousands, rejecting reports of a split in her cabinet over one of the issues that drove Britain's Brexit vote.

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Britain won't accept EU's 'obsession' with ECJ in Brexit talks - minister

LONDON Britain will not accept the "one-sided" powers of the European Court of Justice as part of a deal to leave the European Union, Brexit minister David Davis said on Monday, criticising what he called an "ideological obsession" with the court in Brussels.

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Failure not our option, EU says as Brexit plan set

BRUSSELS Failure to strike a deal that ushers Britain out of the European Union in an orderly way is not an option Brussels wants to consider, its chief negotiator said on Monday as the EU gave a final green light for him to launch talks next month.