LONDON (Reuters Breakingviews) - The latest Brexit extension lets Britain remain in name only. Postponing the country’s departure from the European Union to October 31 avoids a chaotic exit and gives it more time to find a way out of the impasse. In the meantime, though, it will be largely reduced to a spectator.
LONDON (Reuters Breakingviews) - The lady is for turning after all. After failing for a third time to ram her Brexit deal through parliament last week, British Prime Minister Theresa May on Tuesday offered to compromise. Her belated approach to the opposition Labour party, following an all-day cabinet meeting, is a welcome sign that she wants to avoid crashing out of the European Union without a deal. But her pivot still faces at least three obstacles.
LONDON (Reuters Breakingviews) - Only one definite conclusion can be drawn from Theresa May’s latest parliamentary defeat. Britain will not leave the European Union on March 29, despite the prime minister’s repeated promises that it would. After lawmakers on Friday voted by a majority of 58 to reject her Brexit deal for the third time, the country will remain part of the bloc for at least another two weeks.
LONDON (Reuters Breakingviews) - The European Union didn’t kick the Brexit can so much as nudge it. After another late-night summit in Brussels, leaders of 27 EU countries did what they do best and extended the deadline for a difficult decision. But by giving Theresa May’s government only two more weeks to agree a plan for leaving the bloc, they also sharpened Britain’s difficult choices.
LONDON (Reuters Breakingviews) - Britain is stretching out its journey to an unknown final destination. Parliament rejected Prime Minister Theresa May’s blueprint for leaving the European Union for a second time on Tuesday. With only 17 days to go until the official departure date, buying more time is the probable next step, and the least painful way forward.
LONDON (Reuters Breakingviews) - They’re counting the cranes over Dublin again. A decade after Ireland’s devastating property crash, the capital city’s skyline is once again a display of frantic construction activity. In January journalists at the Irish Times spotted more than 100 cranes from the newspaper’s offices, triple the number three years earlier.
LONDON (Reuters Breakingviews) - Be careful what you wish for. That’s the phrase haunting the world’s largest investment banks as they lick their wounds after a painful fourth quarter. For years, bankers complained that markets were too calm. But when bonds and stocks tumbled in the last few months of 2018, almost all trading divisions suffered. It doesn’t bode well for business if markets stay choppy.
LONDON (Reuters Breakingviews) - Procrastination could bring Britain’s Brexit dilemma to a head. Theresa May on Sunday again delayed the crucial vote on her deal to leave the European Union, shunting it to March 12 – little more than a fortnight before the UK’s official departure date. If the Prime Minister still can’t command a majority, some parliamentarians want her to postpone Brexit. More time won’t make Britain’s hard choices any easier, but might help to rule out the worst option.
LONDON (Reuters Breakingviews) - The latest diet trend may prove more durable than previous fads. Concerns about climate change and animal welfare - as well as healthy eating - are prompting more consumers to embrace veganism. Like the low-carb trend of the early 2000s, companies are scrambling to keep up with changing consumer tastes. But the shift to shunning animal products looks more than a flash in the pan.
LONDON (Reuters Breakingviews) - In “The Globotics Upheaval” Richard Baldwin predicts machine learning and instant communications will disrupt service workers just as automation and offshoring upended Western factories. He tells Breakingviews what’s coming, and what we can do to slow it down.