Trump can rest assured knowing that U.K. Prime Minister Theresa May will be counted among his allies in the U.K. The long-standing “special relationship” between America and Britain means the two share strong ties over a multitude of issues, including trade, defense and foreign policy. The prime minister has described the U.S. as a “good […]
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The UK government wants a 'new arrangement' for its banks after Brexit
The U.K. government has proposed to end one of the most-cheered privileges of the financial industry, according to a new document Thursday, as it tries to speed up negotiations to leave the European Union. In a white paper, the U.K. government proposed new trade arrangements with the EU to come into force when it leaves […]
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Trump protests are ‘embarrassing’ and ‘cringeworthy,’ overseas Republican leader says
The thousands of people in the U.K. preparing to protest against President Donald Trump’s visit have lost the plot, the chairman of Republicans Overseas told CNBC Thursday. Anti-Trump protests are scheduled to take place Thursday and Friday while the U.S. president is on a working visit to the country — one that includes meetings with […]
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‘Trump protests are an obligation’: Here’s what British newspapers are saying about the US president’s visit
President Donald Trump will be on his way to Britain later on Thursday, his three-day working visit will include meeting Prime Minister Theresa May, Queen Elizabeth II and business leaders before he heads to Scotland for a weekend of golf. A range of foreign policy issues ranging from Russia, trade, Brexit and the Middle East […]
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Spare oil capacity could be ‘stretched to the limit’ by OPEC’s supply boost, IEA says
OPEC’s rejuvenated bid to tame crude prices could soon exhaust the world’s spare capacity cushion, according to the latest monthly report from the International Energy Agency (IEA). The IEA’s closely-watched report comes shortly after crude had its biggest one-day drop in two years, amid heightened U.S.-China trade tensions and persistent global crude supply problems. “The […]
Read moreEuropean stocks are set to open higher Thursday morning, as markets consolidated steep losses from the previous session when heightened fears of an escalation to the U.S.-Sino trade war soured investor sentiment. The FTSE 100 is seen 25 points higher at 7,615; the CAC is expected to open up around 10 points at 5,371 while […]
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Brexit ‘slightly less likely’ to happen now: Ex-UK foreign secretary
An agreement on the United Kingdom’s exit from the European Union is “slightly less likely” now after the resignations of two key players, said Lord William Hague, former U.K. foreign secretary. Late Sunday night, the U.K.’s main Brexit negotiator, David Davis, quit. Less than 24 hours later, Boris Johnson resigned as the U.K.’s foreign secretary. […]
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Using NATO allies as ‘punching bags’ will backfire on Trump: Former Air Force secretary
President Donald Trump’s tactics towards NATO allies are “way, way over the top,” said Deborah Lee James, former secretary of the Air Force. As the NATO summit opened in Brussels, Belgium, on Wednesday, Trump slammed Germany as being “totally controlled” by Russia and went after leaders for not contributing more to defense spending. While the […]
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Trump and Merkel put on a brave face to the press at NATO summit after awkward build-up
President Donald Trump and German Chancellor Angela Merkel put a brave face on the war of words taking place on the sidelines of a NATO summit in Brussels on Wednesday. Leading up to the meeting, Trump took several opportunities to criticize Berlin for its low level of spending on defense, despite a 2014 voluntary commitment […]
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Trump’s insults distract from valid concerns about German dependence on Russian energy: Ex-NATO ambassador
The negative implications of Germany, and other European countries, being too beholden to Russia for energy should concern President Donald Trump and the broader NATO alliance, according to a former diplomat who advised both Republican and Democratic administrations. But for the U.S. president to say “Germany is a captive nation of Russia, that’s just a […]
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