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Greece PM says EU sleepwalking toward cliff, wants debt relief by end 2016


ATHENS Greece said on Sunday the EU was "sleepwalking towards a cliff" by sticking to austerity rules that created huge inequalities among members, and it expected a debt relief deal for itself to be honoured by end-2016 so that its economy could recover.


May to trigger Brexit without vote by lawmakers - Telegraph 27 Aug 2016

EDINBURGH British Prime Minister Theresa May will not hold a parliamentary vote on Brexit before formally triggering Britain's withdrawal from the European Union, The Daily Telegraph reported on Saturday, without specifying sources.


Labour party says resolves conference security stand-off 26 Aug 2016

LONDON Labour Party said on Friday it had found a new security company to guard its conference, avoiding an embarrassing confrontation with a union that had objected to the previous firm and threatened to picket the event.


British economy escapes Brexit blow, for now 26 Aug 2016

LONDON Britain's high streets are heaving with shoppers despite June's shock vote to leave the European Union, big companies have reported few signs of distress and some tabloid newspapers are even talking about a post-Brexit economic boom. | Video

Factbox - UK economy suffers little immediate Brexit hit, tests to come 26 Aug 2016

LONDON Two months after Britain decided to leave the European Union, consumers seem to have taken the result in their stride but there are some signs that the challenge for the economy has barely begun.


India's Tata Motors first-quarter net profit halves on forex loss post-Brexit vote 26 Aug 2016

MUMBAI/NEW DELHI Foreign exchange losses after Britain's decision to leave the European Union and higher expenses offset strong sales growth at India's Tata Motors, more than halving its net profit in the April-June quarter.


U.S. jobs data to test case for rate hike 26 Aug 2016

DUBLIN U.S. jobs data top economic readouts from around the world next week as global markets begin to return to business as usual following a typically quiet August with the calm broken on Friday by comments from Federal Reserve Chair Janet Yellen.

Rating firm DBRS considering European office as Brexit insurance 26 Aug 2016

LONDON The London-based credit-rating agency DBRS says it will need to open a new office in mainland Europe if Britain's vote to leave the European Union affects its business in the EU.


UK consumers powered growth in second quarter despite approach of Brexit vote 26 Aug 2016

LONDON Britain's consumers and businesses showed no sign of reining in their spending ahead of the country's Brexit vote in June, official data showed on Friday, adding to signs that the economy went into the referendum in strong shape. | Video


Sterling hits three-week high after robust UK data, Yellen speech 26 Aug 2016

LONDON Sterling hit a three-week high against the dollar on Friday, supported by solid UK growth and business investment data and after Federal Reserve chair Janet Yellen gave no firm indication that the central bank would raise interest rates next month.

Juppe pitches 'united France' in presidential bid launch

CHATOU, France Alain Juppe kicked off his campaign to be the conservative candidate in France's presidential election on Saturday by pledging deep reforms "without exploiting fears", seeking to differentiate himself from hardline rival Nicolas Sarkozy. | Video


Italy quake death toll hits 281, state funeral planned

PESCARA DEL TRONTO, Italy Hopes of finding more survivors from Italy's powerful earthquake faded on Friday, with the death toll rising to 281 and the rescue operation in some of the stricken areas called off. | Video

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