LONDON Some leading members of Britain's ruling Conservative Party want Chancellor Philip Hammond to become prime minister, replacing Theresa May and steering the country through the Brexit process, the Sunday Times reported.
LONDON Britain said it will maintain duty-free access to its markets once it has left the European Union for goods from nearly 50 developing countries including Bangladesh, Sierra Leone and Haiti.
MILAN An Italian government decree that will start liquidation proceedings for two ailing Veneto-based lenders, Banca Popolare di Vicenza and Veneto Banca, is set to be delayed to Sunday, a government source said.
LONDON A prominent Brexit campaigner and leading member of Britain's government has scolded a BBC presenter for showing a lack of patriotism when asked why the country was in such political turmoil.
MILAN/FRANKFURT The European Commission on Friday gave preliminary approval for an Italian plan to wind down two ailing Veneto-based regional lenders with state money in a move that may allow Rome to solve its latest banking crisis on its own terms.
ROME/BRUSSELS Italy is set to approve an emergency decree to wind up regional lenders Veneto Banca and Banca Popolare di Vicenza using state aid on Saturday, a source close to the matter said after the European Commission gave a preliminary green light to the move.
FRANKFURT Italian lenders Veneto Banca and Banca Popolare di Vicenza are failing or likely to fail and will be wound down, the European Central Bank ruled on Friday.
LONDON A group of four international investment funds offered to inject 1.6 billion euros (1.4 billion pounds) of fresh capital into two ailing Italian banks in Veneto at the end of May, sources told Reuters, but their plan was not pursued by Rome along with more recent approaches to be part of a rescue deal.
BRUSSELS Prime Minister Theresa May defended her offer to let millions of EU citizens stay in Britain after Brexit as fellow EU leaders responded coolly on Friday to her opening move in negotiations on Britain's withdrawal. | Video
LONDON Global reinsurers have written to the European Commission to ask it to ensure mutual access between British and European Union reinsurance markets after Britain leaves the bloc due to worries about market disruption, according to extracts from the letter seen by Reuters.
BERLIN, June 23 Germany's private-sector grew at a slower pace in June, a survey showed on Friday, mainly weighed down by weaker activity in the services sector, where the rate of expansion fell to a five-month low.
CALAIS, France France's interior minister on Friday ruled out a new migrant reception centre in Calais and said he would deploy extra riot police to contain a new influx of people roaming the port city in search of food and shelter.
ROME Voters in more than 100 Italian towns and cities will pick municipal mayors on Sunday in a run-off ballot that could bolster centre-right parties ahead of a national election due in less than a year.