• Theresa May Announces ‘Collective' Decision on Brexit Deal With Her Cabinet

    26 days ago - By Fortune

    After more than five hours of being locked away with her Cabinet, Prime Minister Theresa May emerged from her office and in less than five minutes announced she'd wrested their backing for her Brexit deal.
    But there was no joy in her voice. Indeed her words, the tone of the delivery, only goes to show how hard-won a victory it was and she gave a sense that it came at some cost. More battles lie ahead: "The choice before us is clear: This deal," she said "or leave with no deal, or no Brexit at all."
    "I know that there will be difficult days," she warned. "This is a decision that will come...
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  • Oil claws back after plunge, sterling rises on Brexit deal

    26 days ago - By Reuters

    Oil prices bounced up on Wednesday, as hopes for output cuts fueled a partial rebound from the previous session's steep decline, and the euro and sterling gained as British Prime Minister Theresa May obtained her cabinet's backing for her Brexit deal.
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  • Stocks slides as Apple enters a bear market

    Stocks slides as Apple enters a bear market

    26 days ago - By Business Insider

    US equity markets fell for a fifth straight day.
    The major averages pared their losses after Prime Minister Theresa May said in a statement that her Cabinet backed her Brexit plan.
    Apple shares slid into a bear market, down more than 20% from their October peak.
    The US equity markets fell for a fifth straight day Wednesday, paring their losses after Prime Minister Theresa May's cabinet backed a draft of her Brexit plan .
    All three of the major averages were down as much as 1.4%, before ending lower by about 0.8%. The Dow Jones Industrial Average fell 350 points at its worst levels, and...
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  • Euro, pound rise as U.K. PM May gets backing on Brexit deal

    26 days ago - By Reuters

    The euro and sterling gained on Wednesday as British Prime Minister Theresa May obtained backing from her cabinet on her Brexit deal, which she now has to convince parliament to approve.
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  • Sterling pares losses after UK cabinet backs Brexit deal

    26 days ago - By Reuters

    Sterling scaled back its losses against the euro and dollar on Wednesday after Britain's Prime Minister Theresa May said her cabinet backed her Brexit deal.
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  • Theresa May's Cabinet have backed her Brexit deal amid reports of an imminent leadership challenge

    Theresa May's Cabinet have backed her Brexit deal amid reports of an imminent leadership challenge

    26 days ago - By Business Insider

    Theresa May's Cabinet has backed her Brexit deal after ministers discussed it at length during a five-hour meeting.
    The deal has caused outrage from pro-Brexit Conservative MPs who threatened to oust the prime minister if she pushed ahead with the deal.
    The draft agreement, reached between EU and UK negotiators on Tuesday, will now pass to the EU council later in November where the EU's other 27 countries will be asked to approve it.
    Once approved by the EU, the deal will return to the UK parliament in early December, where May will face a tough battle to win the approval of MPs.
    However...
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