The U.K. has lost the European Banking Authority to France and the European Medicines Agency to Netherlands, in one of the first concrete signs of Brexit as the country prepares to leave the European Union. Theresa May's government was defenseless to stop the relocation of these two prized European regulatory bodies, which were formerly secured by former Conservative prime ministers. The U.K. will have to build new administrative capability following Brexit.
The U.K. Political Landscape is heading for an earthquake. The politicization of Brexit which has turned the entire process into a party-political issue could bring about the “hard Brexit” that the Government appears to be trying to avoid.
The U.K. left the Exchange Rate Mechanism twenty-five years ago. In fact, it was twenty-five years ago to the day on Saturday just gone. September 16th, 1992, a day that should have split the U.K. Conservative party in two and would have done had it had a decisive leader.
British voters, in a bitterly unprecedented referendum, chose to leave the European Union (EU) on June 23, 2016. Brexit is a shorthand way of saying the United Kingdom is leaving the EU - merging the words Britain and exit to get Brexit.
Brazil’s economy is witnessing one of the fastest reversals of fortune in the emerging world. Political uncertainty and endless corruption investigations are the main reasons behind the country’s economic turmoil. Has the Brazilian economy reached the bottom, or will it continue to fall even further? The country’s best chances of slowing its recession are still one year away. The recent deep cuts proposed by the Brazilian interim government suggest worrying signs for the future.
The United States' strategy has been to isolate Russia internationally. Evidently, it is Washington that is becoming more isolated on the global stage. This week in the run-up to the G20 summit in Germany, the reverse in fortunes could not be more glaring.
The recent attacks in France, Belgium, Syria and Turkey earlier this year followed by the devastating mass shooting recorded in Orlando sent shockwaves around the world. Besides, conflicts in the Middle East and heightened tensions in the South China Sea have helped push global defence spending to a record high.