
The government's Brexit deal would leave the UK £100bn a year worse off by 2030, analysis by the National Institute of Economic and Social Research (NIESR) has claimed. The study commissioned by the People's Vote, which wants a second referendum, said GDP would shrink by 3.9% annually.

UK Defence Minister Stuart Andrew has announced the name of a future world-beating British warship as HMS Sheffield. Built on centuries of history, the state-of-the-art submarine hunter will be the fourth ship to carry the name and will be Britain’s fifth state-of-the-art Type 26 frigate.

The United States and China have in the coming week what may be their last chance to broker a ceasefire in an increasingly dangerous trade war when their presidents meet in Buenos Aires.

Brazil has opened criminal proceedings against former leaders Lula da Silva and Dilma Rousseff for allegedly receiving bribes with money diverted from state-owned oil giant Petrobras. The Workers Party (PT) of the two ex-presidents has strongly denied the charges, calling them a “scandalous maneuver” with partisan motives.

Oil prices slumped up to nearly 8% to the lowest in more than a year on Friday, posting the seventh consecutive weekly loss, amid intensifying fears of a supply glut even as major producers consider cutting output. Oil supply, led by U.S. producers, is growing faster than demand and to prevent a build-up of unused fuel such as the one that emerged in 2015, the Organization of the Petroleum Exporting Countries is expected to start trimming output after a meeting on Dec. 6.

Brazilian president-elect Jair Bolsonaro has chosen Ricardo Vélez Rodriguez, a Colombian professor naturalized Brazilian, to be the next Minister of Education. The late Friday announcement happened on social media and is considered a bow to the evangelical Christian backers of the elected president.

As Cuban doctors in Brazil begin to head home amid a diplomatic spat between Havana and the Brazilian far-right president-elect, the health ministry of the country said nearly 84% of the resulting vacancies had already been filled.

Officials in South Korea have started to dismantle the country's largest dog slaughterhouse. The Taepyeong-dong complex in Seongnam city, south of Seoul, will be cleared over two days and converted into a public park. About one million dogs are consumed every year and activists have sought to end the custom.

Doctors treating Brazil president-elect Jair Bolsonaro said in a Friday statement they have delayed removing his colostomy bag and that his intestines remain inflamed, though he is in overall good health after being stabbed in a September assassination attempt.

Preparations for a summit to endorse Britain's deal to quit the European Union risked running aground on the rock of Gibraltar on Friday, as Spain defended its veto over the fate of the tiny territory. Britain's PM Theresa May and leaders of the other 27 EU member states are to meet Sunday to approve their divorce agreement and set a course for negotiating their future post-Brexit relationship.