The UK's Brexit negotiations have not begun well amid differences inside the cabinet, a former head of the diplomatic service has said. Sir Simon Fraser, chief mandarin at the Foreign Office until 2015, said the UK side had been a bit absent from formal negotiations in Brussels.
Investors pulling money out of The City pose a greater risk to London’s financial dominance than banks exiting the UK because of Brexit, according to Square Mile official, Sherry Madera, the City of London Corporation’s special adviser for Asia.
The United States economy added a solid 209,000 jobs in July, exceeding economists’ estimates as the labor market shows few signs of slowing down. The unemployment rate last month fell to 4.3% from 4.4%, the Labor Department reported on Friday.
The United Nations Security Council approved tough new sanctions on North Korea on Saturday including a ban on coal and other exports totaling more than US$1 billion — a huge bite in its total exports, valued at US$3 billion last year. U.S. Ambassador Nikki Haley praised the new sanctions, telling council members after the vote that it is the single largest economic package ever leveled against the North Korean regime.
Irish Prime Minister Leo Varadkar has called for unique solutions to preserve the relationship between the UK and the European Union after Brexit. On his first official visit to Northern Ireland, he raised the possibility of a bilateral UK-EU customs union, and described Brexit as the challenge of this generation.
by Luke Blackstock -The change of employer for 25-year-old, Brazilian footballer Neymar da Silva Santos Jr and a diplomatic crisis halfway around the world apparently have no link. Neymar has become the world’s most expensive footballer after signing for Paris Saint-Germain, and priced away from one of its biggest clubs.
Standard Chartered is set to spend about US$20m to turn its Frankfurt office into a European base due to Brexit. The bank plans to create a subsidiary at its German branch to maintain access to the European market after Britain withdraws from the European Union.
Latin America and Caribbean countries will grow 1.1% on average in 2017 after two consecutive years of contraction, thanks to an international context that shows improved growth expectations despite geopolitical risks, and better prices for the commodities that the region exports, according to a new annual report that ECLAC presented on Thursday in Santiago, Chile.
The governor of the Bank of England has warned that uncertainty over Brexit is already weighing on the economy. Mark Carney's comments came as the Bank voted to hold rates and cut growth forecasts. It edged this year's growth forecast down to 1.7% from its previous forecast of 1.9% made in May and also cut the forecast for 2018 from 1.7% to 1.6%.
The government and treasury of the Falkland Islands have issued (24th July) their latest coin in their hugely popular series of four coins highlighting the wonderful world of penguins—a species of bird found in significant numbers in the South Atlantic.