Ships and planes combed a wider area of the stormy South Atlantic on Tuesday in a fruitless hunt for signs of a missing Argentine submarine, adding to growing concerns about the vessel not heard from in six days. Argentine navy officials have worried that if the ARA San Juan was intact but disabled underwater, its crew of 44 might have only enough oxygen to last seven days.
A group of influential German business figures have launched a campaign to keep the UK in the European Union. The alliance, dubbed a New Deal for Britain, includes three ex-presidents of the Federation of German Industry.
Britain’s hopes of an advantageous free trade agreement with the EU could be dashed if it attempts to use Brexit as an opportunity to abandon the “European model” and transform itself into a low-tax, low-regulation economy, Brussels’ chief negotiator has warned.
European regulators have warned banks working on post-Brexit plans that they will need to have substance locally to serve European clients. The European Central Bank said some of the proposals it has reviewed are inadequate and risk creating empty shells.
A new boss took over Brazil's federal police on Monday despite criticism that he would block a probe into unpopular Brazilian President Michel Temer, who is being investigated by the force. Several Brazilian media outlets reported that Fernando Segovia's appointment was supported by government ministers also implicated in federal police investigations.
Paris has won a battle to host the European Banking Authority (EBA), which will relocate from London after the UK leaves the European Union. The French capital's victory follows a win earlier for Amsterdam, which will host the London-based European Medicines Agency (EMA).
Galicia and Wales intend to sign their own bilateral agreement to try to minimize the impact that Brexit will have and avoid damage to the fishing sector. The announcement was made by Galician president Alberto Núñez Feijoo, after having obtained a positive response to his invitation to the Welsh prime minister, Carwyn Jones.
The chief executive of Goldman Sachs, Lloyd Blankfein, has suggested holding another referendum on Brexit and tweeted: Here in UK, lots of hand-wringing from CEOs over #Brexit... So much at stake, why not make sure consensus still there?
Argentine submarine ARA San Juan reported an electrical problem and was headed back to base when it went missing last week in the South Atlantic, the navy said on Monday, while storms complicated efforts to find the vessel and its 44 crew members.
Britain has increased efforts to help find the missing Argentine submarine ARA San Juan in the vast stormy South Atlantic. HMS Protector, the Royal Navy's Ice Patrol ship, is now in the search area where the submarine last made contact on Wednesday.