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UK Conservative Party chairman says Brexit must be binding


LONDON Britain's vote to leave the European Union must be binding, the chairman of Britain's ruling Conservative Party said on Sunday, and the exit process will be started before the next general election.


UK seeks to assuage global worries over path to Brexit 12:04pm BST

CHENGDU, China Britain's new finance minister Philip Hammond, under pressure from his peers from around the world, said on Sunday there could be more clarity later this year on how the country will exit the European Union.


G20 will use 'all policy tools' to lift growth as Brexit weighs 11:37am BST

CHENGDU, China The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism. | Video

France finance minister - G20 agree Brexit talks should start as soon as possible 9:23am BST

CHENGDU, China Policymakers from the Group of 20 economies agreed conversations on Britain's exit from the European Union should start as soon as possible to get a clearer long-term perspective and lessen uncertainty, French Finance Minister Michel Sapin said.


Corporate raiders seek Brexit bargains in Britain 9:20am BST

LONDON Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought.


U.S. Treasury's Lew - underscored U.S. economy as source of strength at G20 9:11am BST

CHENGDU, China U.S. Treasury Secretary Jack Lew said he told a meeting of policymakers from the Group of 20 economies that the United States's economy was strong and its job market was healthy.

No signs yet Brexit having economic impact on Europe - Weidmann 8:10am BST

CHENGDU, China There are no signs yet that economic development in Europe has been affected by Britain's decision to leave the European Union, but risks from Brexit could impact German growth down the line, Bundesbank President Jens Weidmann said on Sunday.


U.S. Treasury's Lew says Europe banks need to continue clean-up 7:12am BST

CHENGDU, China Europe's banking system is stronger as a whole due to reforms put in place in recent years but banks should continue to clean up balance sheets and address legacy quality issues, U.S. Treasury Secretary Jack Lew said on Sunday.


UK comes under pressure to spell out Brexit plans at G20 4:58am BST

CHENGDU, China Britain faced calls on Saturday from some European and Asian countries to move more quickly towards leaving the European Union, but the United States said the process was too sensitive to be rushed.


Canada seeks 'strong trade agreement' with UK - finance minister 23 Jul 2016

TORONTO Canada seeks a "strong trade agreement" with a Britain that has voted to leave the European Union, the country's Finance Minister Bill Morneau said on Saturday on the sidelines of a G20 meeting in Chengdu, China.


Vodafone says Germany, Spain and Italy drive sales growth

LONDON Spain, Germany and Italy helped Vodafone to produce stronger than expected first-quarter sales growth despite a drag from European Union roaming charge cuts and a weak home market.

Froome poised to land third Tour title

MORZINE, France Chris Froome enhanced his reputation as one of the best Tour de France riders when he virtually secured his third title, holding on to his overall lead in the last competitive stage, won by Spain's Ion Izagirre on Saturday.


Amazon set to increase bet on Italy's digital turnaround plan - sources

MILAN Online retailer Amazon.com is set to announce on Friday the first in a series of investments in Italy worth at least 500 million euros ($550 million), a bet on the government's plan to go from laggard to leader in digital commerce, sources said.

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