United Kingdom

The road to Brexit


Amid Brexit deal talk, EU summons envoys, media

BRUSSELS EU Brexit negotiators summoned national envoys and journalists at short notice on Monday as speculation mounted among diplomats of an interim deal to grant Britain a transition -- though some urged caution.

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EU's Tusk says to send clear EU message over poisoned ex-Russian spy

BRUSSELS European Council head Donald Tusk said he had spoken to British Prime Minister Theresa May on Friday in order to prepare a clear EU message over the poisoning of a Russian former spy at a summit next week.


Germany, France to discuss response to nerve agent attack in UK - Merkel

PARIS German Chancellor Angela Merkel said on Friday she would discuss with French President Emmanuel Macron an appropriate response to an attack using a military-grade nerve agent that Britain has blamed on Russia.


Britons face holiday red tape without Brexit deal - trade body CEO

LONDON Britons going on holiday in the European Union next year will need to pay more for travel insurance and get documentation to take their cars to the continent without a strong Brexit transition deal, the head of Britain's insurance trade body said on Friday.


Germany's Scholz wants to be force for euro integration in Merkel's cabinet

PARIS Germany's new finance minister said on Friday after talks with his French counterpart that he wanted to be a force for further integration in the euro zone in conservative Chancellor Angela Merkel's government.


Deutsche Bank boosts bonuses to 2.3 billion euros despite bigger 2017 loss

FRANKFURT Deutsche Bank paid bonuses worth 2.3 billion euros(2.03 billion pounds) for 2017, four times higher than the previous year even as the German lender warned on costs for 2018 and reported a bigger 2017 loss than previously disclosed. | Video


BoE says action needed to avert financial contract disruption after Brexit

LONDON The risk of disrupted insurance and derivatives contracts for customers is "material" unless Britain and the European Union take joint action ahead of Brexit, the Bank of England said on Friday.


Japanese companies call for EU-Japan trade deal to apply to UK during transition

LONDON Japan's leading business bodies have called for Tokyo's trade deal with the European Union to apply to Britain during the around two year transition phase that will help smooth the UK's exit from the bloc.


Britain, EU may reach 'provisional' Brexit transition deal next week - source

BRUSSELS Britain and the European Union could agree a "provisional" deal next week on a post-Brexit transition period, a senior Brussels diplomat said on Friday, stressing that this will only happen if London and the bloc resolve all divorce matters first.


Bank of England says UK's reliance on 'kindness of strangers' for finance is rising

LONDON, March 16 Britain's reliance on the "kindness of strangers" to finance its large current account deficit appears to be increasing, the Bank of England said on Friday.


Labour leader warns of rushing into new Cold War without full evidence

LONDON British Labour leader Jeremy Corbyn warned on Friday against rushing into a new Cold War with Russia before full evidence of Moscow's culpability in a military-grade nerve toxin attack on a former double agent is proven.

French regulator asks UK funds about Brexit plans

LONDON France's financial markets regulator said on Thursday it had written to British-based investment firms active in the country and French firms with UK clients to ask about their preparations for Brexit.


French markets watchdog wants tougher rules for UK firms after Brexit

LONDON The European Union system for granting financial market access to foreign firms must be toughened up given that a dominant financial centre will become a close neighbour after Brexit, the head of France's markets watchdog said on Thursday.


Hopes of Brexit transition deal face Irish barrier

BRUSSELS Prime Minister Theresa May and British businesses are banking on European Union leaders granting a Brexit transition deal next week but diplomats said they could face disappointment unless a deadlock is broken over the Irish border.


May visits policeman in hospital after he was poisoned helping Russian spy - spokesman

LONDON British Prime Minister Theresa May visited a policeman in hospital on Thursday after he was poisoned helping a Russian double agent Sergei Skripal and his daughter Yulia, her spokesman said.