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The road to Brexit

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Moody's downgrades UK's rating on Brexit and growth fears

LONDON Ratings agency Moody's downgraded Britain's credit rating by a further notch on Friday, saying the government's plans to fix the public finances had been knocked off course and Brexit would weigh on the economy.

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Ireland says 'lot of work' needed to move to next phase of Brexit talks

DUBLIN Ireland's foreign minister on Friday welcomed Theresa May's speech in Florence calling for a Brexit transition deal, but said a lot of work was still required before the EU could move on to the next phase of talks with Britain.

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Sterling skids as Brexit speech does little to satisfy markets

LONDON Sterling skidded against the dollar and the euro on Friday, after British Prime Minister Theresa May failed to give any concrete details for how Britain might retain preferential access to Europe's single market.

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Irish PM says May speech 'genuine effort to move things forward'

DUBLIN Irish Prime Minister Leo Varadkar on Friday gave a "cautious welcome" to a speech in Florence by British Prime Minister Theresa May, who called for Britain to stay in the single market under its current terms during a two-year transition period.

'Even more concerned' after May Brexit speech - senior EU lawmaker

BRUSSELS The head of the European Parliament's biggest group, the centre-right European People's Party, said British Prime Minister Theresa May's speech on Brexit on Thursday did not clarify London's position and had left him more concerned than before.

UK not prepared to pay for EU single market access during transition - government source

FLORENCE, Italy Britain is not prepared to pay for access to the European Union's single market during a post-Brexit transition period, a UK government source said on Friday.

Highlights - May's main comments on Brexit

FLORENCE, Italy British Prime Minister Theresa May is setting out her plan for future ties with the European Union in a speech which she hopes will help spur negotiations over the country's divorce from the bloc.

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Thyssenkrupp Tata Steel merger set to gain pricing power

FRANKFURT Thyssenkrupp Steel and Tata Steel's plans to merge in Europe could enable them not just to cut costs but also raise prices, customers and shareholders say.

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May says Brexit transition period to last around two years

FLORENCE, Italy Prime Minister Theresa May said that a Brexit implementation period would last for around two years.

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May says will honour EU budget commitments during period of EU membership

FLORENCE, Italy Prime Minister Theresa May said on Friday that Britain will honour its budget commitments made during the period of its EU's membership during.

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May says wants UK courts to take into account ECJ rulings on citizens' rights

FLORENCE, Italy British Prime Minister Theresa May said on Friday she wanted UK courts to take into account judgements made by the European Court of Justice over the issue of European Union citizens' rights.

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May says Brexit talks have been at times tough but made progress

FLORENCE, Italy Prime Minister Theresa May said on Friday that negotiations on Britain's departure from the European Union had been tough at points but made concrete progress.

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May calls for post-Brexit transition in single market

FLORENCE, Italy Prime Minister Theresa May called on Friday for Britain to stay in the European Union's single market during a roughly two-year transition out of the EU while offering concessions on a divorce deal as she appealed for a revival of Brexit negotiations.

May says EEA membership would not suit Britain after Brexit

FLORENCE, Italy Prime Minister Theresa May said during a major speech on Brexit on Friday that membership of the European Economic Area would not suit Britain after it leaves the EU and would lead to friction.

May wants to be a strong friend to the EU

FLORENCE, Italy Britain wants to be a strong friend to the European Union and will not block reform, Prime Minister Theresa May said on Friday.