Tag Archives: Brexit

Stanford-le-Hope, United Kingdom | AFP | The first-ever freight train from Britain to China started its mammoth journey on Monday along a modern-day “Silk Road” trade route as Britain eyes new opportunities after it leaves the European Union. The 32-container train, around 600 metres (656 yards) long, left the vast …

London, United Kingdom | AFP | Lloyd’s of London’s decision to open a European subsidiary was inevitable following the trigger of Brexit, with the only difficult choice being its location, chief executive Inga Beale told AFP Thursday. Lloyd’s, which insures against catastrophes such as earthquakes, shipwrecks and revolutions, announced it …

Brussels, Belgium | AFP | Britain formally launched the process to leave the EU on Wednesday, handing a letter to EU president Donald Tusk formally notifying the bloc, an AFP journalist said. Tim Barrow, Britain’s ambassador to the European Union, personally delivered the letter signed by British Prime Minister Theresa May …

Manchester, United Kingdom | AFP | Worries are whirring in Britain’s smaller financial centres — which together employ far more people than the glamorous City of London — that the looming EU departure will lead to heavy job losses. In Manchester’s buzzing finance district of Spinningfields, a worker at an …

Edinburgh, United Kingdom | AFP |  Scotland’s announcement on Monday that it will begin preparations for a new independence bid raised the spectre of one of Brexit’s most feared consequences — the break-up of the United Kingdom. First Minister Nicola Sturgeon said she would seek the semi-autonomous Scottish parliament’s authority …

London, United Kingdom | AFP | British Prime Minister Theresa May has sacked Michael Heseltine, a senior figure in her Conservative Party, from various advisory roles for rebelling against the government in a Brexit vote in the House of Lords. Heseltine, 83, a former deputy prime minister nicknamed “Tarzan” for his …

London, United Kingdom | AFP | Prime Minister Theresa May suffered her second defeat in a week over Brexit Tuesday when the House of Lords voted to give parliament the final say on how Britain leaves the European Union. Peers voted by 366 to 268 to amend the bill empowering …

Edinburgh, United Kingdom | AFP |  Scotland’s nationalist leader Nicola Sturgeon on Tuesday pressed on with calls for a new independence referendum, saying it might be the only way to protect the country’s interests as Brexit approaches. “Proposing a further decision on independence wouldn’t simply be legitimate, it would almost …

  The world could be caught off guard by these potentially transformative developments Economic pundits traditionally offer their (traditionally inaccurate) New Year predictions at the beginning of January. But global conditions this year are anything but traditional, so it seemed appropriate to wait until US President Donald Trump settled into …

COMMENT: By Paola Subacchi Once seen as modern witch doctors with exclusive knowledge, economists are now despised `experts’ Is the economics profession “in crisis”? Many policymakers, such as Andy Haldane, the Bank of England’s chief economist, believe that it is. Indeed, a decade ago, economists failed to see a massive …