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Brexit is opportunity to pull Europe closer together: EU official

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NEW YORK The European Union Parliament's chief Brexit negotiator on Monday said Britain's decision to make a clean break from the EU was an opportunity to reform Europe and avoid a further breakdown in ties between its remaining member states.

UK's May to defend free trade and Iran deal in talks with Trump

LONDON British Prime Minister Theresa May will stress the value of free trade and her support for the Iran nuclear deal when she meets U.S. President Donald Trump later this week, her spokeswoman said on Monday.

4:17pm EST

Britain launches interventionist drive for post-Brexit industrial revival

LONDON Britain's government on Monday unveiled a new interventionist approach to rebalance its heavily services-based economy for the post-Brexit era, in a break with traditional Conservative laissez-faire economic policy. | Video

2:32pm EST

Pound eyes $1.25 as traders bet British government to lose Brexit case

LONDON Britain's pound surged to its highest in five weeks on Monday as investors priced in a defeat for the government in its appeal against a ruling that forces it to consult parliament before formally triggering EU exit talks in March.

12:36pm EST

British banks' optimism hits crisis-era low on Brexit uncertainty

LONDON Optimism about the business environment for Britain's financial services firms fell for a fourth consecutive quarter, according to a survey published on Monday, the longest decline since the global financial crisis. | Video

12:26pm EST

Struggling UK steel sector needs broad government support: MPs

LONDON Britain's steel industry needs a comprehensive government strategy to boost the sector, which must be a priority in negotiations on Britain's exit from the European Union, a cross-party parliamentary report said on Monday.

11:12am EST

UK launches industry strategy to counter any Brexit turbulence

LONDON Britain published the outline of its industrial strategy on Monday, putting forward proposals for a more hands-on approach to developing key industries as a way to protect the economy from any turbulence caused by leaving the European Union.

11:06am EST

Factbox: The 10 pillars of Britain's Modern Industrial Strategy

LONDON British Prime Minister Theresa May has set out the first details of a "Modern Industrial Strategy" designed to adapt the economy for a post-Brexit era and revitalize areas of the country left behind by decades of decline in manufacturing. [L5N1FC0QQ]

11:05am EST

Euro zone unblocks short-term debt relief for Greece

BRUSSELS Euro zone governments unblocked short-term debt relief measures for Greece on January 20, the euro zone bailout fund ESM said in a statement on Monday, paving the way for a reduction of the country's debt-to-GDP ratio and its gross financing needs.

10:37am EST

Factbox: Impact on banks from Britain's vote to leave the EU

Global banks have warned they could move thousands of jobs out of Britain to prepare for the expected disruption caused by the country's exit from the European Union, posing a risk to London's status as a major financial center.

10:13am EST
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Germany's AfD plans to discipline state leader after disputed speech about Holocaust Memorial

BERLIN The right-wing Alternative for Germany (AfD) will discipline one of its state leaders for criticizing Berlin's Holocaust Memorial but will not expel him over the episode, the party's co-leader said on Monday.

France's Fillon tells Merkel Russia sanctions are pointless

BERLIN European Union sanctions on Russia are pointless, the frontrunner in France's presidential election Francois Fillon said on Monday in Berlin, warning Russia and the United States under Donald Trump could forge links that exclude the EU.

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Body of seventh victim found in Italy hotel avalanche, court opens probe

PENNE, Italy The body of a seventh victim was found in the buried ruins of a mountain hotel in central Italy on Monday as questions multiplied over the official response to last week's blizzards and deadly avalanche. | Video

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