Tuesday 28 June 2016
 
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EU says to wait for talks while Britain in 'deep crisis'

Britain is in a "deep political crisis" following its referendum vote to leave the EU and so European leaders must give it some time to launch the formal divorce process, a senior EU official involved in preparing their next summit said on Sunday. Briefing reporters ahe

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EU set to move bank regulator from London

The EU is preparing to move its European Banking Authority from London following Britain's vote to leave the Union, EU officials said on Sunday, setting up a race led by Paris and Frankfurt to host the regulator. Coming a day after Britain's Jonathan Hill resigned and was

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Oil extends decline over Brexit concerns

Oil prices dropped around half a per cent on Monday, extending sharp declines after Britain's vote to leave the European Union sparked a sharp selloff in global markets on Friday amid concerns over risk aversion. Global financial markets plunged on Friday as results from a re

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UK ‘will retain access to EU single market’

Britain will continue to have access to the European Union's single market despite voting to leave the bloc, leading Brexit campaigner and favourite to become the country's next prime minister Boris Johnson said in a newspaper article on Sunday. Johnson said Britain could

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British EU vote unnerves world leaders and markets

Britain plunged deeper into political crisis on Sunday after its vote to leave the European Union last Thursday, leaving world officials and financial markets confused about how to handle the political and economic fallout. Britain's Prime Minister David Cameron is expected t

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London should be allowed Brexit rethink, says Merkel ally

German Chancellor Angela Merkel's chief of staff has said politicians in London should be able to have the chance to think again about the consequences of leaving the European Union (EU). "Politicians in London should have the possibility to reconsider the consequences o

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Britain 'needs to leave EU at start of 2019'

Britain needs to decide its position, start talks and aim to leave the European Union at the beginning of 2019, leading Brexit campaigner and Conservative lawmaker Liam Fox said on Sunday. "So for me what we want to be doing is seeing a process that means we can leave the Eu

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Crisis in UK Labour party as foreign policy chief sacked

Eight members of Britain's opposition Labour party said on Sunday they had withdrawn support for the leadership of Jeremy Corbyn, plunging the party into crisis in the wake of Britain's vote to leave the European Union. Corbyn sacked Hilary Benn as Labour's foreign po

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Kerry to visit Brussels, London in wake of Brexit vote

US Secretary of State John Kerry will meet European Union foreign policy chief Federica Mogherini in Brussels and British Foreign Minister Philip Hammond in London on Monday, a senior State Department official said. The trip comes as European Union and UK officials weigh the poli

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California wildfire destroys 150 homes, more feared

A massive wildfire burning out of control in the foothills of central California has left at least 150 homes in ruins and damaged another 75, officials said on Saturday, warning that more residents may be forced to flee the advancing flames. The so-called Erskine fire, which brok

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