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Website urges Britons to embrace 'Brexile', seek fortune abroad

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LONDON In the early hours of June 24, before most Britons woke up to the fact their country had voted to leave the European Union, Peter Parkinson watched the results from his mother's home in southeast England and decided that his future now lay in France.

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Wary of euroscepticism, EU waives Spain, Portugal budget fines 4:23pm BST

BRUSSELS Fines for Spain and Portugal for failing to bring their budget deficits below the EU's ceiling will be cancelled and deadlines to meet the rules extended under a European Commission proposal that officials said is backed by Germany.

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French ex-commissioner to lead EU Brexit talks, Britain cool on move 3:58pm BST

BRUSSELS A French politician who introduced a swathe of European financial regulation after the financial crisis was named on Wednesday to represent Brussels in negotiations on Britain's exit from the European Union, drawing a cool response in London.

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McDonald's to create 5,000 jobs in Britain 3:48pm BST

LONDON McDonald's Corp said on Wednesday it would create over 5,000 jobs in Britain by the end of 2017, in a sign of its commitment to the country despite the challenging economic conditions.

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UK retailers report biggest fall in sales in four years after Brexit vote 3:14pm BST

LONDON British retailers suffered their sharpest fall in sales in four years after last month's vote to leave the European Union, raising doubts about the ability of consumers to stave off a Brexit recession.

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May says model for Brexit deal may not exist yet 3:14pm BST

ROME Britain's future ties with the European Union may not mirror any of the existing relationships between non-EU countries and the bloc, Prime Minister Theresa May said on Wednesday after meeting her Italian counterpart.

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British economy picked up speed in second quarter ahead of Brexit vote 3:13pm BST

LONDON Britain's economy picked up speed in the three months up to its vote to leave the European Union, data showed on Wednesday, helped by the biggest upturn in industrial production since 1999.

EU judges group says Turkey crackdown is attack on judicial independence 3:10pm BST

PRAGUE Top judges of European Union member states called on Turkey on Wednesday to respect the rule of law, saying the dismissal of thousands of judges following an attempted coup was an attack on the independence of the judiciary.

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EU stress tests to show scale of Italy's banking woes 3:01pm BST

LONDON/MILAN Italy's Monte dei Paschi is once again expected to be among the banks that fare worst in EU stress tests, a concern for investors across Europe who fear its frail finances could destabilise the region's banking system.

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Italian banking system solid, has tools to tackle bad loans - minister 3:01pm BST

ROME Italy's Economy Minister said on Wednesday that the nation's banking system is fundamentally solid and it will wind down its massive holdings of bad loans over time.

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Bavarian bomber pledged allegiance to Islamic State - minister

ANSBACH, Germany The Syrian who blew himself up in southern Germany, wounding 15 people, had pledged allegiance to Islamic State on a video found on his mobile phone, the Bavarian Interior Minister said on Monday. | Video

Austria to extradite Pakistani over suspected Paris attack links

VIENNA A Pakistani man suspected of links to the jihadists who killed 130 people in Paris in November will be extradited to France, an Austrian court spokesman said on Wednesday.

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Italy's Berlusconi primes potential political heir

ROME Ex-Prime Minister Silvio Berlusconi has anointed Stefano Parisi, a former Internet executive and government economic adviser, as his political heir, giving him a mandate to relaunch Italy's splintered centre-right.

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