Thursday's general election in Britain may have left Prime Minister Theresa May feeling like someone pulled the rug out from under her. And she's not the only one. The conservative loss sent the pound for a tumble.
European plane maker Airbus has issued its strongest warning yet over the potential impact of Britain's departure from the EU. It said a no-deal Brexit might threaten the company's future in the United Kingdom.
UK Prime Minister Theresa May is likely to hike spending on the National Health Service by €5 billion a year, funded in part by a "Brexit dividend." But as her political options narrow, many see May’s move as gesturing.
British MPs rejected a plan to strengthen parliament's power to intervene if no divorce deal is reached with Brussels. A rebellion by pro-EU MPs was averted after they were promised a "meaningful vote" on the outcome.
German car giant BMW has urged clarity from the UK government on post-Brexit trade with the EU before the end of the summer. Earlier this week, Airbus warned it could pull out of Britain altogether.
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