LONDON Sterling hit a two-month high against the dollar on Tuesday as investors bet the British government would lose its battle to begin the formal process for leaving the European Union without parliamentary approval.
BRUSSELS The European Union's chief negotiator set a target of agreeing a Brexit deal with Britain by October 2018, assuming London keeps a promise to formally launch the process of leaving the EU by the end of March.
BRUSSELS British foreign minister Boris Johnson said on Tuesday that the 18 months the EU's chief negotiator has set for concluding talks with Britain to leave the bloc should be "absolutely ample".
LONDON Britain will most likely leave the European Union having signed a bilateral trade agreement, according to a Reuters poll of economists on Tuesday that also suggested there remains little chance of the country slipping into recession.
LONDON The British government will need to put forward a parliamentary bill to trigger formal European Union divorce talks should it lose a Supreme Court fight over who can start the Brexit process, a government lawyer said on Tuesday.
ROME Italy is preparing a state bailout for Monte dei Paschi di Siena as the bank's hopes of being saved by private funding fade following Prime Minister Matteo Renzi's decision to quit, sources close to the matter said on Tuesday.
EDINBURGH Britain's biggest outsourcing firm Capita may need to raise capital, sell assets or cut its dividend to protect itself from Brexit-related tremors rocking the sector that have sent its stock plunging to 10-year lows.
LONDON Liverpool's new container terminal expects to ramp up transatlantic shipping as British companies look to deepen business ties despite concerns that the U.S. election of Donald Trump could hinder free trade, the port operator's chief said.
BRUSSELS European Union finance ministers gave their backing on Tuesday to an expanded plan to spur investment and economic growth in the bloc, but they fell short of committing more national funds to the EU Commission-led initiative.
BRUSSELS Most European Union finance ministers on Tuesday rejected a British-backed plan to exempt financial traders from new rules aimed at tackling practices used by multinationals to reduce their tax bills.
KARLSRUHE/FRANKFURT Germany's highest court ruled on Tuesday that hastening the shutdown of nuclear plants after Japan's Fukushima disaster violated some of the property rights of utility companies, allowing them to seek limited damages.
ROME Twenty-year-old Francesco Incorvaia, a sociology student from Rome, was just the kind of voter Matteo Renzi had spent years trying to win over.
ROME Italy could have an election as early as February, a minister in Prime Minister Matteo Renzi's outgoing government said on Tuesday, speaking after talking to Renzi.