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EU says Brexit deal can be done, but UK must act now

BRUSSELS: European Union leaders warned Britain on Thursday they would offer no more concessions to break the deadlock in Brexit negotiations but expressed confidence that a deal can be done before the country leaves the bloc next March. A Brussels summit wrapped up without progress after British Prime Minister Theresa May offered no new proposals, beyond suggesting she could accept a longer transition period after Brexit. German Chancellor Angela Merkel said she was optimistic that a deal could be struck to avoid the…

Senior England players have done ‘next to nothing’: Swann

Former England spinner Graeme Swann was critical of England’s senior players who have done “next to nothing” as Australia regained the Ashes in Perth on Monday. Australia strolled to victory in the third test at the WACA, winning by an innings and 41 runs to take a unassailable 3-0 lead in the five-match Ashes series, with England’s batting line-up again putting up meagre resistance as they were bowled out for 218 in their second innings. While rookie Dawid Malan has made 302 runs in the series, former captain Alastair…

Governor SBP suggests RCG Asia to expand on work done on resolution framework

HONG KONG/KARACHI: The Governor State Bank of Pakistan (SBP) Mr. Ashraf Mahmood Wathra Tuesday outlined his views for the Regional Consultative Group Asia (RCG Asia) and suggested that the RCG expand on the work done so far on resolution framework as well as financial safety nets. “These initiatives will enable the member countries to exchange fruitful ideas in order to get critical insight on these issues’, he added.