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Close but no hurrah - EU welcomes May Brexit speech, but warily


BRUSSELS Theresa May's "constructive spirit" won a cautious welcome from the European Union on Friday, though the British prime minister's keynote Brexit speech raised more questions than answers for some and they want more details next week.

Highlights - May's main comments on Brexit 22 Sep 2017

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.


May calls for post-Brexit transition in single market 22 Sep 2017

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.


Smaller EU states need stronger voice, not Brussels, says Czech election favourite 22 Sep 2017

VARNSDORF, Czech Republic The Czech Republic and smaller states like it should have a stronger voice in the European Union, not Brussels officials, the billionaire frontrunner in next month's parliamentary election said.


Angry and 'invisible', expat Britons await May in Florence 22 Sep 2017

FLORENCE, Italy Expatriate Britons gathered in Florence on Friday to voice their frustration at how Brexit will impact them, awaiting the British prime minister's arrival in the Italian city to set out her vision for future ties with the European Union.


EU oversight plan draws fire from financial firms and consumers alike 22 Sep 2017

BRUSSELS The European Union's plans to tighten up its oversight of financial firms have come under attack from industry and consumer groups that fear the move could hit businesses without doing enough to prevent misselling of risky funds.


Brazil's Temer says government not considering privatising Petrobras 22 Sep 2017

NEW YORK Brazil's President Michel Temer said on Wednesday state-run oil company Petroleo Brasileiro, a symbol of national sovereignty, would stay in public hands even as his government makes an aggressive privatisation push. | Video

EU envoys reach draft agreement on more North Korea sanctions 21 Sep 2017

BRUSSELS European Union ambassadors have reached initial agreement on imposing more economic sanctions on North Korea, officials and diplomats said on Thursday, including a largely symbolic oil embargo and a ban on investments.


EU's Tusk calls summit in December on euro zone future 21 Sep 2017

BRUSSELS The chairman of European Union leaders Donald Tusk has called a euro summit for December to discuss improvements to the single currency area after Britain leaves the EU in March 2019, with the aim of reaching decisions on key issues by June 2018.


Sterling jumps on expectations for Brexit offer from UK PM 21 Sep 2017

LONDON Sterling firmed against the dollar on Thursday, with traders hopeful that a much-anticipated speech from Prime Minister Theresa May the following day would signal she wants a "soft" exit for Britain from the European Union.