
The chief executive of HSBC has stepped down after the bank said it needed a change in leadership to address a challenging global environment. John Flint is giving up the role he has held for a year and a half by mutual agreement with the board.

Brazil's authorities maintained Friday President Jair Bolsonaro's haircut was not the reason for leaving France's Foreign Minister Jean-Yves Le Drian in the lurch and argued it was all a matter of agenda.

Britain's pro-European Union Liberal Democrats won the parliamentary seat of Brecon and Radnorshire from the governing Conservatives on Friday, a blow to Prime Minister Boris Johnson in his first electoral test since taking office. The vote was triggered when Conservative lawmaker Chris Davies was ousted by a petition of constituents after being convicted of falsifying expenses.

France is seen supporting Kristalina Georgieva to be the next head of the International Monetary Fund as the EU seeks to agree on a single candidate ahead of the lender's Sept 6 deadline, according to several European officials familiar with the deliberations.

The European Commission will deem that Canada, Brazil, Singapore, Argentina and Australia don't regulate credit ratings agencies with the same rigor as the EU, the Financial Times reported on Sunday, citing a document. The decision would withdraw some market access rights of the country, removing a status that makes it possible for European banks to rely on the ratings.

By Gwynne Dyer - It has been suggested that Boris Johnson (who becomes the prime minister of the United Kingdom, UK) is what you would get if Donald Trump had been educated at Eton and Oxford. Maybe, although there is a great gulf between Trump’s bombastic self-promotion and Johnson’s self-deprecating, rather shambolic persona.

Ballots closed in the race to become Britain's next prime minister on Monday, with the favorite Boris Johnson facing more defections by ministers over his Brexit plan. The country's new leader will take the reins this week and have just three months to attempt to resolve a three-year Brexit crisis that could damage economies on both sides of the Channel and determine the fate of generations of Britons.

British finance minister Philip Hammond said on Sunday that he would resign if Boris Johnson became prime minister because he felt unable to support a leader happy to take the country out of the European Union without a deal.

Britain might be entering a full-blown recession that a no-deal exit from the European Union would compound, blowing a 30 billion-pound hole in the public finances, a budget watchdog said. The Office for Budget Responsibility said the economy probably flat-lined or might have contracted in the second quarter.

The impact of Brexit on the Falkland Islands' fishing industry could be “significant” according to the fishing industry, contradicting lawmaker MLA Roger Spink’s view in last week's Penguin News that there were measures that could be undertaken to mitigate the impact of potential tariffs.