Britain’s economy grew by more than expected in May, helped by a rebound in car production after Brexit-related shutdowns, according to figures that will ease concerns about the extent of the country’s slowdown.
The government raised its assessment of the economy for May on Friday, saying downside trends are coming to a halt, helped by upbeat industrial production, though an uncertain outlook for the global economy remains due to the US-China trade dispute.
French monthly inflation slowed faster than expected in May, thanks largely to a fall in service sector prices which offset a marked acceleration in food prices, final EU-harmonized data from the INSEE statistics agency showed on Friday.
Global stock markets shed over $2 trillion in value in May as the US-China trade conflict escalated, with fears of a trade-related economic slowdown intensifying on Friday after US President Donald Trump threatened Mexico with tariffs.
British Prime Minister Theresa May should set a date for her departure next week when she meets leaders of an influential group of Conservative lawmakers to address her future, the group’s chairman said on Saturday.
British Prime Minister Theresa May asked the European Union on Friday to delay Britain's departure from the bloc until June 30, with the extension ending earlier if parliament approves her Brexit deal.
British Prime Minister Theresa May has issued a stark warning to lawmakers that if they do not back her Brexit deal, there is the possibility the country "will not leave the EU for many months, if ever".
Prime Minister Theresa May promised on Sunday to offer lawmakers a vote on her Brexit deal by March 12, the latest delay in her attempt to win approval for a plan to ensure Britain’s orderly departure from the European Union.