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Britain’s May faces obstacles to post-EU trade goals

AFP New British leader Theresa May sought to start shaping her country’s post-EU access to world markets on Monday, but faced a Japanese warning over the fallout from Brexit and the US saying it was not its first priority. In the wake of its vote to leave the European Union, Britain must renegotiate its access to world markets, an issue ...

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Record jump in UK services sector

  AFP Activity in Britain’s crucial services sector recorded a record jump in August, rebounding strongly from a slump immediately following the country’s vote to exit the EU, a survey showed on Monday. The latest Purchasing Managers’ Index data mirrors a strong recovery for the manufacturing PMI month-on-month, indicating that Britain is likely to avoid a recession following the outcome ...

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Germany to recall 630,000 vehicles for emissions fix

  AFP The German government on Monday announced the start of a voluntary recall of 630,000 vehicles to fix emissions irregularities uncovered in the wake of Volkswagen’s “Dieselgate” scandal. The federal transport authority KBA said in a statement it would begin the recall with refits for 10,500 Porsche Macan 4x4s, one of the luxury automaker’s best sellers. A German inquiry ...

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