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United Kingdom

European Union

May might leave next stage of Brexit bill until next month

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LONDON British Prime Minister Theresa May has not yet set a date for the next stage in the passage of legislation to sever ties with the European Union, her spokesman said on Wednesday after the BBC reported it would not be until November, later than many had expected.

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Banks say EU's grab for London's financial sector could backfire 3:28pm BST

LONDON A push by European Union countries to grab a slice of London's financial sector ahead of Brexit could backfire by raising costs for consumers and companies on the continent, the UK's main banking industry body said on Wednesday.

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Rights groups urge EU, Japan to consider halt in funding for Cambodian election 2:11pm BST

BANGKOK Rights groups on Wednesday urged the European Union and Japan to consider halting their funding for the election panel in Cambodia, if the ruling party succeeds in a bid to dissolve the main opposition party ahead of next year's general election.

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EU-U.S. data transfer pact passes first annual review 12:22pm BST

BRUSSELS A year-old pact underpinning billions of dollars of transatlantic data transfers won a green light from the European Union on Wednesday after a first review to ensure Washington protects Europeans' data stored on U.S. servers.

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Budget airline Wizz Air applies for UK licence ahead of Brexit 12:20pm BST

LONDON Budget airline Wizz Air has become the latest European carrier to move to shore up its post-Brexit flying rights by applying for a licence in Britain ahead of the country's departure from the European Union.

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UK watchdog tells EU not to disrupt funds industry 9:52am BST

LONDON The long-established practice of funds in one country being run by managers based in another works well and no changes are needed, Britain's top markets regulator said on Tuesday in a swipe at European Union plans that have also been criticised by the sector.

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UK firms freeze marketing spend as economic uncertainty rises - survey 9:24am BST

British companies froze their marketing budgets during the third quarter amid rising uncertainties about the economy as the UK looks to exit the European Union, a survey showed on Wednesday.

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UBS asks London investment bankers - Amsterdam, Madrid or Frankfurt? 17 Oct 2017

LONDON/ZURICH Swiss bank UBS asked staff whether they would prefer to relocate to Amsterdam, Madrid or Frankfurt after Britain leaves the European Union in a survey sent to its investment bankers on Tuesday, according to sources familiar with the matter.

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EU rebuffs May, demands more concessions on Brexit 17 Oct 2017

LUXEMBOURG/LONDON The European Union told Britain on Tuesday it must make more concessions in talks over its departure from the bloc, offering little hope of a breakthrough for Prime Minister Theresa May at a summit later this week.

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Brexit raises existential questions for EU capital market 17 Oct 2017

PARIS Britain's exit from the European Union will potentially put London, the EU's biggest capital market, out of reach, putting pressure on the other 27 countries to find new ways to finance their economies.