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EU watchdog flags harder line on cross-border funds management

LONDON (Reuters) – Brexit safeguards to stop asset managers in Britain running “shell” investment funds in the European Union to retain access to its markets should be hardwired into EU law, the bloc’s securities watchdog said on Wednesday. After Britain voted... More »

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Bond investors wait for more headlines on EU recovery fund

AMSTERDAM (Reuters) – Euro zone bond yields held their ground on Thursday with investors’ main focus expected to be any new developments on the European Union’s recovery fund, which aims to help the region’s economy recover from the coronavirus crisis. Hopes a... More »

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Spain, Ireland, Luxembourg vie for Eurogroup leadership

BRUSSELS/MADRID (Reuters) – Finance ministers of Spain, Ireland and Luxembourg are in the running to chair meetings of the powerful Eurogroup of euro zone finance ministers, with euro zone officials saying it is likely to be a close race between the Spanish an... More »

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ECB expands pandemic support to over $1.5 trillion

LONDON (Reuters) – The European Central Bank beefed up its bond-buying programme on Thursday in its latest effort to support a euro zone economy pummelled by more than two months of shutdowns due to the coronavirus pandemic. HIGHLIGHTS: ** ECB increases size o... More »

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Europe’s north-south lockdown divide revealed by Google data

BERLIN (Reuters) – Italy and Spain, the two European countries hardest hit by the new coronavirus, have enforced the most drastic lockdowns to curb the pandemic but one country, Sweden, stands out for allowing life to go on much as before, Google data show. An... More »

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Irish housing crisis derails Varadkar’s re-election bid

DUBLIN (Reuters) – Nine years after a devastating crash in property prices catapulted the party of Irish Prime Minister Leo Varadkar to power, a housing market recovery too rapid for many threatens to dump it into opposition at this week’s general election. Th... More »

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Irish PM says EU has upper hand in Brexit trade talks with UK

LONDON (Reuters) – Irish Prime Minister Leo Varadkar said the European Union will have the upper hand in post-Brexit trade talks with the United Kingdom and questioned Prime Minister Boris Johnson’s timetable of striking a deal by the end of the year, the BBC ... More »

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Take Five: What’s the deal?

LONDON (Reuters) – 1/AFTER PHASE ONE COMES PHASE TWO U.S. President Donald Trump and Chinese officials have agreed to a “phase one” trade deal that includes cutting U.S. tariffs on Chinese goods. Washington has agreed to suspend tariffs on $160 billion in Chin... More »

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Facebook, privacy activist Schrems battle nears end on Dec. 19

BRUSSELS (Reuters) – Austrian privacy activist Max Schrems’ seven-year battle against Facebook reaches a crucial point on Dec. 17 when an adviser to Europe’s top court will issue his view on whether tools used by companies to transfer data abroad are legal or ... More »

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Turkey starts repatriation of captured Islamic State militants

ANKARA (Reuters) – Turkey said on Monday it had deported two Islamic State militants — a German and an American — beginning a programme to repatriate fighters that has caused friction with its NATO allies since it launched an offensive in northern Syria. Allie... More »

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Bored by Brexit? British TV starts Brexit-free news channel

LONDON (Reuters) – After three years of Brexit crisis, Sky News is betting that some viewers are so bored by the divorce drama that there is a market for a channel dedicated to news that has nothing to do with Britain’s exit from the European Union. Ever since... More »

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Brexit extension, election still most likely, says UBS

LONDON (Reuters) – UBS Wealth Management said on Friday it still expects the UK government to ask for an extension to the deadline for exiting the European Union and to hold a general election, though it acknowledged that chances of a Brexit deal have increase... More »

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UK will leave the EU on October 31: finance minister Javid says

MANCHESTER, England (Reuters) – The United Kingdom will leave the European Union on Oct. 31, hopefully with a deal, finance minister Sajid Javid said on Monday. “Hopefully we leave with a deal,” Javid told ITV. “If we cannot strike a deal, I think it is import... More »

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Merkel still sees every chance of orderly Brexit

BERLIN (Reuters) – German Chancellor Angela Merkel said on Wednesday there was still every chance for Britain’s divorce from the European Union to take place with a deal although Berlin is prepared for a disorderly Brexit in case that does not happen. British ... More »

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UK’s Johnson sticking to Brexit plans, says foreign minister

LONDON (Reuters) – Prime Minister Boris Johnson remains determined to pull Britain out of the European Union on Oct. 31 come what may, his foreign minister said on Sunday. Johnson, who has lost his majority in parliament and has seen his bid to call an early n... More »

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Labour Party to discuss Brexit tactics with rival parties

LONDON (Reuters) – Britain’s opposition Labour Party leader Jeremy Corbyn will meet with other British political leaders next week to discuss tactics to prevent a no-deal Brexit, Corbyn’s second-in-command John McDonnell told the BBC on Monday. “He’ll bring th... More »

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Euro zone bond yields off lows, German fiscal plans in focus

LONDON (Reuters) – Bond yields in the euro zone were off record low levels on Monday, as a calmer tone settled in world markets and focus turned to the prospect of fiscal stimulus in Germany. Germany has the fiscal strength to counter any future economic crisi... More »

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Factbox: Key nominees for the 2019 Tony awards

NEW YORK (Reuters) – The Tony awards honoring the best of Broadway theater take place in New York on Sunday, hosted by James Corden. Following is a list of nominees in key categories: Best Musical “Ain’t Too Proud: The Life and Times of the Temptations” “Beetl... More »

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Factbox: Key winners at the 2019 Tony awards

NEW YORK (Reuters) – The Tony awards honoring the best of Broadway theater were handed out in New York on Sunday, hosted by James Corden. Following is a list of winners in key categories: Best Musical “Hadestown” Best Play “The Ferryman” Best Revival of a Musi... More »

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World bonds wave recession flags as future inflation evaporates

LONDON (Reuters) – After almost three years of successfully predicting a global economic revival, world bond markets are furiously flagging the risk of yet another recession, as well as low inflation for a generation. Spooked by the escalating U.S.-China trade... More »

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Manchester Airport fixes power issue that led to flight delays

(Reuters) – Britain’s Manchester Airport said on Monday it had fixed a fuel supply problem at the airport caused by a power issue, which led to flight delays on Sunday. “The engineers have now resolved the power issue which affected the fuel supply,” the airpo... More »

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Chippy Koepka getting harder to ignore after fourth major win

FARMINGDALE, N.Y. (Reuters) – Brooks Koepka has gone from being an afterthought to the most dominant player in golf over the last two years, the quiet assassin who speaks softly but carries a big stick. In a sport where players often blather niceties about how... More »

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Pan claims first tour win by one stroke over Kuchar

(Reuters) – Taiwan’s Pan Cheng-tsung held steady when it counted and won his first PGA Tour tournament with a one-stroke victory over Matt Kuchar as world number one Dustin Johnson stumbled badly on the back nine at the RBC Heritage in South Carolina on Sunday... More »

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Brexit in numbers: How did parliament vote on Monday?

LONDON (Reuters) – British lawmakers on Monday used a vote on the government’s next steps on Brexit to wrest control of the process so that they can then try to find a majority for an alternative that would break the parliamentary deadlock. Lawmakers voted on ... More »

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Brexit bribe? UK PM May unveils $2.1 billion fund for…

LONDON (Reuters) – British Prime Minister Theresa May will on Monday set out plans for a 1.6 billion pound ($2.11 billion) fund to help to boost economic growth in Brexit-supporting communities with ministers denying it was a bribe to win support for her EU ex... More »

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Slowdown to showdown: Five questions for the ECB

LONDON (Reuters) – Two months after ending its massive stimulus scheme, the European Central Bank faces growing pressure to address how it will protect the euro zone economy from a protracted slowdown. Thursday’s policy meeting, news conference, and updated ec... More »

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UK education minister does not see no-deal Brexit becoming…

LONDON (Reuters) – Britain’s education minister Damian Hinds said on Monday he did not envisage a no-deal Brexit becoming the official policy of Prime Minister Theresa May’s government. Asked if May had told her cabinet of senior ministers she would not allow ... More »

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Brexit is in peril, UK PM May warns ahead of vote on her deal

LONDON (Reuters) – Prime Minister Theresa May warned on Monday that Britain’s planned exit from the EU could be derailed, a last-ditch effort to win over Brexit-supporting lawmakers who have repeatedly said they will vote down her divorce deal. The fate of the... More »

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EU offers UK ‘legal’ pledge Irish backstop seen as temporary

BRUSSELS (Reuters) – The European Union told Theresa May on Monday that it stood by commitments to find ways to avoid triggering the controversial “Irish backstop” in their Brexit deal and that this pledge had legal weight. In a joint reply to questions from t... More »

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Pro-EU campaigners set out roadmap to second British referendum

LONDON (Reuters) – Pro-European Union campaigners in Britain have set out for the first time their preferred path for how parliament could force the government to call a fresh vote on Brexit, arguing that there is still time for another referendum. The future ... More »

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May’s Brexit deal can get through parliament – Hunt

LONDON (Reuters) – Prime Minister Theresa May’s Brexit deal can be passed by the British parliament if the European Union provides clarification that the Northern Irish “backstop” will be temporary, foreign minister Jeremy Hunt said on Friday. The backstop is ... More »

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UK police arrest man and woman over Gatwick drone disruption

LONDON (Reuters) – Police have arrested a man and a woman after rogue drone operators crippled London’s Gatwick Airport for three days by repeatedly flying onto the airfield, sparking a major security response. Britain’s second-largest airport was back in oper... More »

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EU leaders arrive for second day of summit dominated by Brexit

BRUSSELS (Reuters) – European Union leaders arrive in Brussels for a second day of day of talks on Brexit, the euro zone, migration and Russia, among others. Below are some of their comments made on arrival. AUSTRIAN CHANCELLOR SEBASTIAN KURZ “I think it was g... More »

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UK’s May deciding whether to delay parliament Brexit vote:…

LONDON (Reuters) – British Prime Minister Theresa May is due to make a decision on Monday on whether to delay a parliamentary vote on her Brexit deal set for Tuesday, British political correspondents said. Britain’s Hunt warns of ‘real risks’ if MPs reject Bre... More »

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EU court ruling boosts Brexit opponents

LUXEMBOURG (Reuters) – The European Union’s top court ruled on Monday that the British government may reverse its decision to leave the bloc without consulting other member states in a decision welcomed by those campaigning to stop Brexit. In an emergency judg... More »

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British PM May to update ministers on calls with EU leaders

LONDON (Reuters) – British Prime Minister Theresa May will update her cabinet team of ministers on Monday to update them on Brexit after she spoke to several other European leaders over the weekend, her spokeswoman said. Earlier, local media reported that May ... More »

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Irish tourism booms as Brexit-hit British visitors return

DUBLIN (Reuters) – Irish tourism grew by 6.7 percent in the first half of the year, data showed on Thursday, as British visitors began to shrug off a weak pound that has made trips to the euro zone more expensive since the vote to leave the European Union in J... More »