Theresa May to start Brexit talks on weak economic footing

U.K. Prime Minister Theresa May will start Brexit talks with a slowing economy. Growth was just 0.2 percent in the first quarter, the weakest in a year, and less than half the pace recorded in the euro area, the Office for National Statistics said Thursday. That sluggishness points to the risks to confidence and investment […]

How to plan your first visit to Europe for summer 2017

Europe is one of the most popular travel destinations for Americans. Its varied cultures and easy-to-use transportation methods enable visitors to travel to multiple countries within a few days. If you’re planning a trip to Europe in 2017, keep these six tips in mind to make sure you have the best experience possible. Order Currency […]

Greece needs fiscal room for investments, Germany’s Gabriel says

German Foreign Minister Sigmar Gabriel on Monday urged euro zone finance ministers and the International Monetary Fund to give Greece enough fiscal room to make growth-oriented investments in education, infrastructure and research and development. Speaking alongside visiting French Foreign Minister Jean-Yves Le Drian, Gabriel said the Eurogroup must grant Greece debt relief in exchange for […]

The British government sells its last shares in Lloyds bank

Horse sense The British government sells its last shares in Lloyds bank But it still owns 71.3% of RBS, the other big bank rescued in 2008 In October 2008, amid post-Lehman pandemonium, Britain’s Treasury said it would pump £37bn (then $64.4bn) into three big banks: £20bn into the stricken Royal Bank of Scotland (RBS); the rest […]

May maps out bigger role for state in corporate Britain

Prime Minister Theresa May promised to clamp down on executive pay, give workers a say on strategy and make it harder for foreign firms to take over British ones, as she set out pre-election plans to give the state more influence over corporate Britain. May’s Conservatives have for decades encouraged a low-key approach to corporate […]

UK: Conservatives aiming to end budget deficit by mid-2020s

British Prime Minister Theresa May will aim to balance the country’s budget deficit by the middle of the next decade, according to a manifesto document listing her Conservative Party’s policy proposals ahead of a June 8 national election. The document said the Conservatives would stick with the existing fiscal plans of Chancellor Philip Hammond who […]