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Moody’s warns of credit rating risks over Brexit terms
The ratings agency Moody’s has said Britain’s credit rating risks being downgraded again depending on the trade deal it negotiates with the European Union. Moody’s is warning the UK’s growth prospects would be impacted by the so-called...
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Canadian teenager Lance Stroll chosen for Formula One racing
Will drive for British team Williams in 2017
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Bank of England drops planned UK interest rate cut
Britain’s central bank has backed off its plans to further reduce interest rates. Governor Mark Carney said the UK has a “dynamic, flexible economy” which is doing better than had been feared after the vote to leave the European Union,...
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UK job growth slows but no Brexit shock yet
Job creation in Britain slowed in the three months up to August but it seems the decision to leave the European Union has not yet undermined the labour market. The Office of National Statistics (ONS) said the number of people in work...
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France close to shutting down Calais 'Jungle'
CBC's Thomas Daigle walks through the squalid refugee camp
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Microsoft to raise prices over Brexit vote linked pound slump
Microsoft has said it will sharply increase the prices for some of its products in Britain. The move following the value of the pound plunging. Thousands of companies and government departments who rely on its services will have to pay...
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Little sign of Brexit vote downturn for UK economy
Britain is still waiting for the big downturn that was predicted after its vote to leave the European Union. Economic growth in the UK slowed only slightly in the three months after the referendum. Britain’s statistics office said the...
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IMF paints gloomy picture of global economy
The IMF is warning the political mood around the world is undermining growth, which it sees remaining weak. It cites what is happening with the US presidential election, Britain’s vote to leave the European Union and growing...
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Merkel hangs tough on Britain’s access to EU single market post Brexit
German Chancellor Angela Merkel has warned Britain cannot be given any special treatment after its vote to leave the European Union. Calling the Brexit vote a watershed moment for the European Union, she said it must stand firm over...
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Pound hammered by flash crash
Did robots just collapse the pound? The British currency suffered a massive temporary loss in value overnight, diving 10 percent against the dollar in just minutes – a so-called flash crash. It fell from around $1.26 to near $1.14 in...
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British PM May looks for Brexit support in Denmark
British Prime Minister Theresa May has been holding talks with her Danish counterpart in Copenhagen. Her meeting with Denmark PM Lars Lokke Rasmussen comes as the UK is trying to seek out common ground as it prepares to quit the EU. “I...
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Pound’s Brexit vote battering continues
The pound’s Brexit vote battering continues, and experts see no end to its fall in value against other currencies. Sterling slid back below $1.23 on Tuesday and slipped further against the euro. The past four days for the pound are now...
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Ken Loach laments Brexit impact on UK film
Palme d’Or winner Ken Loach has been expressing concern over the impact of Brexit on the British TV and film industry. He was speaking at a debate in Brussels to mark the 10th anniversary of the Lux Film Prize, an award aimed at...
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Financial sector job loss warning over Brexit
Top international bankers have warned they could start moving staff out of Britain as early as next year. They said that would happen if there is no clarity on whether the UK will retain access to the European single market when it...
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Weak pound prompts price punch-up between Tesco and Unilever
The plunge in the value of the pound has prompted a short lived pricing row with Britain’s biggest retailer – Tesco – halting online sales of top-selling items produced by Unilever. The pound’s fall since a referendum vote decided...
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Brexit: trade versus immigration rows reported in British cabinet
Britain’s finance minister Philip Hammond is reportedly at odds with his boss Prime Minister Theresa May and some other top government figures over how the UK should leave the European Union. The Daily Telegraph even said he could resign...
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German ECB policymaker Weidmann warns on London’s financial hub role post-Brexit
The head of Germany’s central bank, Jens Weidmann, has warned of the risks to London as a financial centre after Britain’s vote to leave the European Union. Weidmann told Britain’s Guardian newspaper that financial institutions based in...
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U.K. farmer, fed up with theft, dyes his sheep orange
Farm had over 300 sheep thefts in 3 years
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Pound stays low against euro and dollar despite UK financial policy pledges
Reacting to the uncertainties from the Brexit vote Britain’s finance minister Philip Hammond has confirmed he has reversed some of the policies of his predecessor George Osborne. In a keynote speech at the ruling Conservative party’s...
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UK central bank signals new rate cut to head off Brexit vote slowdown
Britain’s central bank has left the cost of borrowing unchanged but signaled a probable cut in the benchmark lending rate to just above zero later this year. Currently it is at a record low 0.25 percent, having been halved in August. At...
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Brexit vote unnerves eurozone and UK businesses
Economic sentiment in the eurozone fell in August, dropping to its lowest level since March, particularly in industry. Economists linked that to Britain’s vote to leave the European Union. The European Commission’s Economic Sentiment...
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G20 summit: Brexit warnings from Japan and US, but trade hope from Australia
Leaders of the world’s largest economies have met for the second and final day of the G20 summit in China. While the Chinese President tried to keep the focus on economic problems, other pressing issues are also making waves. Concerning...
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Berlin urges London not to postpone Brexit after delay reports
Germany has urged London not to delay Brexit, following a flurry of British media reports which suggested Prime Minister Theresa May might postpone the formal procedure to leave the EU. The start of January is widely touted as the most...
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Brexit ‘shuttle diplomacy’ underway for EU leaders
Brexit means Brexit, according to Britain’s prime minister Theresa May. Now French president Francois Hollande and other EU leaders need to figure out what Brexit will mean for them. Centre-left heads of state and government met near...