EU banking watchdog warns on Brexit without deal

EU banking watchdog warns on Brexit without deal thumbnail

The European Banking Authority has said that it was “imperative” that the bloc’s financial institutions “identify potential exposures and risk channels that may be affected, and the possible implications of the potential departure of the UK without a ratified withdrawal agreement in place”.

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UK may ban energy drinks for under-16s

The sale of energy drinks to children is set to be banned as part of a new government drive in the UK to tackle childhood obesity. Plans to force restaurants and cafes to include calorie details on menus are among other proposals put forward by the health secretary Jeremy Hunt, as part of a bid to halve the number of obese children by 2030. Childhood obesity is placing a growing burden on the National Health Service (NHS) and can lead to a range of health problems later in life. As…

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UK euroskeptics urge PM Theresa May to prepare for ‘no deal’ Brexit

UK euroskeptics urge PM Theresa May to prepare for 'no deal' Brexit thumbnail

LONDON: Pro-Brexit politicians and business figures are urging British Prime Minister Theresa May to be ready to walk away from the European Union without a trade agreement, despite warnings from major manufacturers that a “no deal” Brexit would be an economic disaster. In an open letter, 60 lawmakers, economists and business chiefs say Britain should threaten to withhold the 39 billion pound ($52 billion) divorce bill it has already agreed to pay. The letter released Sunday by Economists for Free Trade urges UK authorities “to accelerate their preparations for ‘no…

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