Overseas companies that invest in the UK issued a flurry of warnings on Tuesday about the threat Brexit poses to their businesses, signalling their growing concern as the UK prepares to start the formal process of leaving the EU. Forty European business lobbies, representing 20m companies in 34 countries, issued a statement calling for a post-Brexit settlement which would preserve the integrity of the single market, deliver […]
The triggering this week of Article 50 of the Lisbon treaty to facilitate Britain’s exit from the EU is undoubtedly a momentous event. At issue in the forthcoming talks will be whether Britain can win back control over immigration and lawmaking without wrecking trade relations in its biggest market and damaging London’s status as the pre-eminent international financial centre. A minimum of two years of difficult and […]
By Francesco Guarascio and Tom Körkemeier | BRUSSELS BRUSSELS European Union lawmakers want to tell Britons they can change their minds and stay in the EU after Prime Minister Theresa May triggers a two-year Brexit countdown on Wednesday. The European Parliament is drafting a resolution to respond to May’s notice of withdrawal under Article 50 of the EU treaty. Senior lawmakers said it would stress London could […]
PARIS Francois Hollande’s election as president in 2012 was supposed to herald a new dawn for French socialism after 17 years of right-wing rule, but by June his party could be struggling to survive. Weeks before the start of an election to pick France’s next president, the ruling bloc is in tatters. Socialist Party (PS) nominee Benoit Hamon is floundering after adopting a hard-left programme that alienated […]
A year since the leak of some 11 million documents from Mossack Fonseca, the owners of the vast wealth hidden away by the Panamanian law firm appear safe from everything but embarrassment. The founders of the law firm were less fortunate. Juergen Mossack and his colleague Ramon Fonseca, were arrested in Panama City in February in connection with Brazil’s sprawling car wash corruption scandal. The investigation is […]
Adriaane Pielou Holidaying on horseback is guaranteed to lift the spirits. The exhilaration you feel after spending time in the fresh air afforded by the countryside is enhanced by the fact that you can choose from a range of trips. Despite being a sporty kind of activity, a riding holiday can involve weeks crossing mountains and camping out each night. However, you can also choose undemanding meanders […]
JOHANNESBURG Finance Minister Pravin Gordhan is set to return to South Africa early on Tuesday after being ordered home from London by President Jacob Zuma, hours before a court hearing over the closure of accounts belonging to friends of the president. Zuma’s order on Monday that Gordhan return “immediately” from a roadshow for investors in Britain and the United States has revived talk of a cabinet reshuffle […]
LONDON British police said on Monday they had found no evidence that Khalid Masood, who killed four people in an attack on parliament last week, had any association with Islamic State or al Qaeda, but he was clearly interested in jihad. Masood drove a car through a crowd of pedestrians on Westminster Bridge, killing three and injuring about 50, then ran through the gates of parliament and […]
By John O’Donnell | FRANKFURT FRANKFURT London has seen its standing as a financial center slip as Britain prepares to trigger its departure from the European Union, according to a survey released on Monday, although rival European cities still lag far behind. The Z/Yen global financial centers index (GFCI), which ranks 88 financial centers, still puts London in first place, followed by New York and three cities […]
JOHANNESBURG South African President Jacob Zuma ordered Finance Minister Pravin Gordhan to return from an investor roadshow to Britain and the United States because he “did not give permission for the trip”, a government source said on Monday. “They were told last night or this morning to come back,” the source, who had no more details, said. (Reporting by Ed Cropley; Editing by James Macharia) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); […]
BEIRUT: US-backed Kurdish-Arab alliance on Sunday entered a military airport held by Daesh in northern Syria while the militant group warned the Tabqa dam is at imminent risk of collapse because of airstrikes and increased water levels.The advance by Syrian Democratic Forces (SDF) on Tabqa airbase comes as the alliance prepares an attack on Daesh’s de facto Syrian capital Raqqa, seeking to effectively surround the city before […]
LONDON Police have arrested a 30-year-old man in the central English city of Birmingham in connection with last week’s attack on parliament, “on suspicion of preparation of terrorist acts”, the Metropolitan Police said on Sunday. The police said in a statement they had arrested 12 people since Wednesday’s attack when British born Khalid Masood killed four people and was himself shot dead. But nine had been released […]
BELFAST Northern Ireland could be set for a fresh election or a return to direct British rule of the province after one of the two main parties negotiating to form a new government said on Sunday that talks had run their course without success. The British province’s nationalist and unionist parties have until Monday to form a new power-sharing government following snap elections this month or risk […]
Last week, the Office for National Statistics released the inflation results for the British economy. Even though most analysts weren’t expecting any huge differences, the numbers (updated until February) paint a completely different picture. In February, the inflation rate increased rather sharply. On a month-on-month basis, the CPI increased by 0.7% (whereas January was a month with deflation). The current YoY inflation rate based on the CPI […]
Advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations Are robots coming for your job? Although technology has long affected the labor force, recent advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations, including highly skilled or “knowledge-based” jobs. Just a few examples: self-driving technology may eliminate the need for […]
The power of the movies to mould public opinion has never been lost on politicians, but rarely do they get to wield it as a tool for pro-war propaganda with such force as during the Second World War. A new three-part docuseries that comes to Netflix on Friday, Five Came Back: A Story of Hollywood and the Second World War, “tells the extraordinary story of how Hollywood […]
After a week dominated by questions over whether Donald Trump will be able to push his economic agenda through Congress, here are the questions FT markets reporters are asking in the final trading week of March. Will investors keep faith in Trump’s ability to drive tax cuts? That is the question facing equity markets after the White House failed to muster the support needed in the House […]
By Tsvetelia Tsolova and Angel Krasimirov | SOFIA SOFIA Bulgarians were voting in a snap general election on Sunday, with the centre-right GERB party challenged for power by Socialists who say they will improve ties with Russia even if it means upsetting the country’s European Union partners. Many Bulgarians feel a strong cultural affinity for Russia, with which they share the Cyrillic script and Orthodox Christianity and […]
LONDON Britain’s biggest retailer Tesco (TSCO.L) is in advanced talks with the Serious Fraud Office (SFO) over a plea deal that would involve it paying a large fine over its 2014 profit overstatement, Sky news said on Saturday. Sky said it had learned that lawyers acting for Tesco are closing in on a deferred prosecution agreement (DPA) following months of discussions with the SFO. It cited unnamed […]
By Alastair Macdonald and Jan Strupczewski | ROME ROME Europeans must contain their squabbling and carping about the EU if the Union is to survive, leaders warned on Saturday as they marked the 60th anniversary of its founding in Rome by signing a formal declaration of unity. Four days before Prime Minister Theresa May, absent from the ceremony in the Italian capital, delivers an unprecedented blow to […]
Honey, in all its variety, has long been hailed by healers throughout the ages as nature’s gift to humanity. From its good taste to medicinal applications and anti-aging benefits, certain types of honey rule the cupboards of people’s homes. Some of the most popular are honey from Al Sidr tree, which was mentioned in the Quran as one of the plants of Paradise, and Al Samr honey, […]
LONDON Thousands of people marched through London on Saturday to protest against Britain leaving the European Union, just four days before Prime Minister Theresa May launches the start of the formal divorce process from the bloc it joined 44 years ago. The Unite for Europe march was due to end with a rally in Parliament Square, scene of this week’s attack by British-born Islam convert Khalid Masood […]
Twenty-seven EU leaders gathered in Rome on Saturday to pay homage to their 60-year-old integration project, celebrating its postwar founding ideals at a moment of fragility for the union, just days before Britain files to quit the bloc. On a day that mixed vaulting tributes with mass-protests on the streets, the leaders met to renew their vows in the splendour of a Renaissance palace where six states signed […]
Measuring Success Three weeks later, Peggy Karas stood in the Hajjes’ living room and reached her arms out to Julia, the 9-month-old. It was six days into Month 13. Unlike many other groups, the Hajjes and their sponsors had not marked the moment with speeches or a cake; they did not seem particularly eager to note the transition. Continue reading the main story Ms. Karas carried Julia […]
