Divided Britain says historic farewell to EU

Britain on Friday ended almost half a century of integration with Europe, finally making its historic departure from the European Union (EU) to begin a new – but still uncertain – future, with emotions running high following years of wrangling and several false starts. At the clocks strike 11:00 pm (2300 GMT) – midnight in Brussels – Britain becomes the first country to leave the 28-member bloc and will go it alone for the first time since 1973.Prime Minister Boris Johnson has backed

1 February 2020

Could Brexit be a good thing for the UK?

There has been no closure to the Brexit issue since the 2016 Stay/Leave Referendum when the United Kingdom (UK) voted to leave the European Union (EU), until recently when British Prime Minister Boris Johnson won an outright majority of 80 parliamentary seats at last year’s general election on 12 December, 2019.

26 January 2020

ASEAN growth slower than forecasted

While growth in Southeast Asia remains robust, data from the first half of 2019 indicates it has been slower than forecasted. The most recent Asian Development Bank (ADB) data suggests that Southeast Asia has grown less than anticipated, resulting in slight downward revisions to growth forecasts which now stand at 4.8 percent (2019) and 4.9 percent (2020), down from 4.9 percent and 5.0 percent, respectively.

30 December 2019

Britain starts election battle over Brexit

Prime Minister Boris Johnson locked horns Wednesday with his rivals in a fiery launch to an unpredictable early general election aimed at breaking Britain's protracted Brexit deadlock.Johnson's sparring with the main opposition Labour Party leader Jeremy Corbyn came a day after MPs backed the premier's call for Britain's third election in four years.The December 12 poll was decided just a few hours after Brussels extended this week's Brexit deadline to give London mor

31 October 2019

Brexit deadlock: British PM offers Dec 12 poll

UK Prime Minister Boris Johnson on Thursday proposed settling the Brexit crisis through an early election on December 12 that could help Britain finally find a way out of the European Union.The Conservative leaders' offer comes with his party leading opinion surveys and the opposition split over whether to back a snap poll or to seek a new EU membership referendum that could undo the one triggering Brexit in 2016.It also suggests that Johnson has all but given up on his repeated pledge t

25 October 2019

British MPs refuse to back Brexit deal

British MPs have again ruptured the Brexit process by withholding their support for Prime Minister Boris Johnson's new divorce deal with the European Union (EU).The House of Commons voted for an amendment making approval for the text conditional on parliament passing legislation to ratify the treaty before Britain leaves the EU.The failure to clearly back the deal triggered a law forcing Johnson to ask EU leaders to delay Brexit for a third time – though he vowed Saturday following the v

20 October 2019

EU has a new chief 

After negotiating her own confirmation as president of the European Commission (EC), Ursula von der Leyen must now put together a 27-nation team to help her run the bloc.The former German defence minister will need all her political and diplomatic skill to knit together a commission from different countries and parties.And then, in October, she will have to go back to a European Parliament that only barely approved her own coronation and ask it to back her appointments.She has quite a summer

20 July 2019

Is Thailand’s economy slowing down?

When Kulthirath Pakawachkrilers had to convince yet another Chinese investor that business was still a good bet in Thailand despite the political upheaval, she knew it was going to be a tough sell.Companies once considering investing in Southeast Asia’s second-largest economy were now looking at other options – and the uncertainty surrounding the aftermath of the elections was driving much of the concern, said Kulthirath, chief executive officer of the Thailand e-Business Center, which advise

13 June 2019

British PM steps down

Prime Minister Theresa May announced her resignation in an emotional address on Friday, ending a dramatic three-year tenure of near-constant crisis over Brexit and increasing the likelihood of Britain crashing out of the European Union (EU) later this year.May, who took charge in the aftermath of the 2016 Brexit referendum, was forced to make way following a Conservative mutiny over her ill-fated strategy to end Britain's near five-decade membership of the EU."It is and will always

25 May 2019

May requests Brexit delay to 30 June

Prime Minister Theresa May has asked the European Union (EU) to delay Brexit until 30 June, setting up a battle with the bloc ahead of a key summit next week.May wants an extension to 30 June and aims to avoid holding European elections next month, which would be politically toxic at home. It’ll be up to the EU to decide on her request next week, and she’s likely to be rebuffed.

6 April 2019

The Brexit hour has come

Do you want to know what is happening in British politics today in the great debate about the United Kingdom’s (UK) departure from the European Union (EU)?Join the club. With Brexit possibly just weeks away, most British voters are in the dark. So are members of Parliament. So are the million people, including three of my daughters and three of my older grandchildren, who recently marched in London to protest against Brexit.

30 March 2019

Moving out as Brexit looms

As Britain's 29 March departure from the European Union (EU) looms, several major groups have announced they are downsizing their operations or completely shipping out.Here is a snapshot of what's happening:Industry hit hard Japanese car maker Honda announced Tuesday it will close in 2021 its plant in the southwestern English town of Swindon, putting 3,500 jobs at risk.Honda said Brexit was not a factor but the announcement comes after its competitor Nissan decided in February to di

20 February 2019