Cameron’s Musical Exit: ‘Winnie The Pooh’ or ‘West Wing?’
In what might be the best hot mic moment of the year — and there have been a few to choose from — David Cameron was caught humming a little tune to himself shortly after he announced Theresa May would become the next UK Prime Minister. “Do, doo, do, do…,” he sings as he heads […]
Brexit Causes Resurgence In Pro-EU Leanings Across Continent
Two weeks after Britain’s EU referendum, Europe has defied predictions that the UK’s vote to leave would inspire a surge in copycat breakaway movements, with establishment parties enjoying gains and populists dropping points in the polls. In Germany, the Brexit aftermath has seen Angela Merkel’s popularity ratings surge to a 10-month high, almost returning to […]
Post-Brexit Sterling Decline Will Cost Poor Countries $4bn, Claims Study
The post-Brexit slump in the pound will cost developing countries nearly $4bn (£3.1bn) in the coming year, with reduced trade and aid, risk-averse financial markets, lower growth and sharply reduced remittances all playing a role, a report shows. Sterling’s 10% devaluation in the first week after the vote, coupled with lower UK gross domestic product, […]
More Property Funds Suspended As Brexit Tremors Continue In The City
Britain’s vote to leave the EU has sent further shock waves through financial markets, with three more property funds suspended, the pound plunging and share prices falling amid fresh uncertainty about the economic impact of the decision to leave the EU. Funds responsible for investing some £14bn in shopping centres, office blocks and warehouses have […]
Brexit: Pound Plunges To 30-year Lows As EU Fears Bite Into Global Markets Again
The pound sank to three-decade lows and Asian share markets fell on Wednesday as fears over Brexit and instability in the European Union returned with a vengeance. Sterling was again a major casualty, sinking under $1.30 in fast-moving trade. It hit its lowest since 1985 when it got down as deep as $1.2565. In wild […]
7 Ways Brexit Will Be Felt Across Africa
The reverberations from Britain’s fateful choice extend far beyond Europe. The U.K. retains deep ties with many African states, and the turbulence is causing anxiety from the Johannesburg stock exchange to the battlefields of Somalia. Where have all the flowers gone? More than a third of the flowers sold in the European Union come from […]
Cramer: Don’t buy! Why The Mass Brexit Sell-Off Is Worth Riding Out
There just aren’t enough sectors in the S&P 500 for Jim Cramer to recommend buying stocks on the Brexit decline. The reality is, though, that stocks are only back to where they were a little more than a month ago. “That is not much of a discount when you consider that the S&P 500 was […]
A TRIBUTE: Eric Lubbock Avebury (1928 – 2016)
As the United Kingdom grapples with the full implication of her recent decision to leave the European Union, it is most appropriate to celebrate the life of one of Britain’s most distinguished international human rights campaigners, the longest serving Liberal Democrat peer in the British House of Lords – Eric Lubbock, Fourth Baron Avebury, whose […]
Leading Brexiter Boris Johnson Says He Won’t Run For prime minister
The race to become Britain’s next prime minister took a surprise twist Thursday as leading Brexit campaigner Boris Johnson, considered a frontrunner to replace the outgoing David Cameron, announced that he would not be running. Having outlined the demands of the role to a room full of journalists in London, Johnson announced: “I have concluded […]
OPINION: The Key Lesson Of Brexit Is That Globalisation Must Work For All Of Britain
There is a real danger that we spend the next decade refighting last week’s referendum. If Scotland’s recent experience is anything to go by – where there are now two entrenched camps of yes and no voters in the aftermath of the 2014 independence referendum – then the battle lines drawn in a bitterly fought […]
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