British Prime Minister Theresa May delayed a critical parliamentary vote on her government’s Brexit bill, throwing both her government and her plans for the U.K.’s exit from the European Union into disarray. The postponement of the vote came after Mrs. May spent an hour talking to her cabinet members Monday. Many of them urged her… Continue reading Brexit Vote Delayed in Face of Broad Opposition
Tag: Brexit
As Brexit Falters, Companies Begin to Worry
With Prime Minister Theresa May’s government in turmoil over the terms of a Brexit agreement, the prospect of “no deal” is getting real—spooking companies big and small, including some far from Britain’s shores. Once seen as an unlikely outcome, the prospect of the U.K. crashing out of the European Union early next year without an… Continue reading As Brexit Falters, Companies Begin to Worry
Brexit Deal Text Agreed by EU and UK
The European Union and Britain have agreed a draft Brexit divorce deal text and Prime Minister Theresa May will present the agreement to her senior ministers on Wednesday, the BBC said. While officials choreograph the first withdrawal of a sovereign state from the EU, it remains unclear whether May can get any deal approved by… Continue reading Brexit Deal Text Agreed by EU and UK
Swiss Re “Not Afraid” of Brexit Outcome: CEO Mumenthaler
Reinsurance giant Swiss Re is “not afraid” of the potential effects that the UK’s departure from the European Union (EU) may have on the economy and on the company’s ability to do business, according to its Chief Executive Officer (CEO), Christian Mumenthaler. Speaking in an interview with Bloomberg TV, Mumenthaler explained that, while the… Continue reading Swiss Re “Not Afraid” of Brexit Outcome: CEO Mumenthaler
AXA XL Moving European Arm Out of UK Ahead of Brexit
In preparation of Brexit, AXA XL has received authorization to move its EU business from the UK to Ireland. XL Insurance Company SE has been granted permission to make the move by the Central Bank of Ireland (CBI) in advance of the UK’s exit on March 29, 2019. The insurer says it will minimize disruption… Continue reading AXA XL Moving European Arm Out of UK Ahead of Brexit