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Pound jumps as BBC forecasts May to win vote

LONDON: The British pound jumped Wednesday after the BBC reported that a majority of Conservative Party lawmakers were set to back Prime Minister Theresa May in a no-confidence vote. At about 1330 GMT, sterling advanced to $1.2579, having earlier hit a fresh 20-month low at $1.2478. The pound recovered to 90.18 pence versus the euro. According to the BBC, May was set to win the vote with at least 158 Conservative MPs -- more than 50 percent of those eligible -- having pledged their support for the embattled premier. May…

May presses on with Brexit vote as lawmakers demand better deal

LONDON: Theresa May will push ahead with a crucial vote on her European Union exit deal, her Brexit minister said on Sunday, as senior lawmakers in her own party piled pressure on the British prime minister to go back to Brussels and seek a better offer. May’s deal, which would see Britain keep close economic ties with the EU, looks set to be rejected by parliament on Tuesday. That decision could throw plans for Britain’s exit into turmoil and leave her own political future hanging in the balance. The Sunday Times reported…

UK braces for once-in-a-lifetime Brexit vote

LONDON: As British MPs prepare for a historic vote on the future of Brexit, the country is back on a campaign footing and the bitter divisions of the 2016 referendum have re-surfaced. Second referendum campaigners are setting up stalls at Christmas markets nationwide, while hardline Brexiteers are pushing their message of a clean break on tours of Britain. "It really does feel like 2016 all over again," said Politico's Jack Blanchard, reacting to the daily news diet of dire economic forecasts and heated political…

UK business will be able to bring in high-skilled workers post-Brexit – PM May

BUENOS AIRES: Britain’s post-Brexit immigration system will enable businesses to bring in high-skilled workers from the rest of the world, but firms should also do more to train up young British people, Prime Minister Theresa May said. Immigration was a major issue in the 2016 vote to leave the European Union and May has promised to end the free movement of EU citizens to live in Britain. The government is due to publish a policy paper soon setting out how the new immigration system will work, and many businesses are…

Russia poses bigger threat to UK than terror groups: Army chief

LONDON: Russia "indisputably" now poses a bigger threat to Britain's security than terrorist groups like Islamic State (IS) and Al-Qaeda, the head of the British army said in an interview published Saturday. General Mark Carleton-Smith warned Moscow had shown a willingness to use its military to pursue its national interests while seeking to "exploit Western vulnerabilities". "Russia today indisputably represents a far greater threat to our national security than extremist threats such as Al-Qaeda and (IS)," he told…

PM May faces parliamentary ‘war of attrition’ to deliver Brexit

LONDON: Prime Minister Theresa May’s trial by parliament to deliver on her Brexit plan is only just beginning. Between now and March 29, when Britain leaves the European Union, she faces dozens of make-or-break votes in a parliament split into myriad factions, many of which have only one thing in common: their loathing of her divorce deal with Brussels. Attention is focussed on the ‘meaningful vote’, expected in mid-December, when the 650-seat lower House of Commons decides whether to accept or reject the agreement…

COAS lauds Pak Army team for winning gold medal in UK

RAWALPINDI: Chief of Army Staff (COAS) General Qamar Javed Bajwa on Tuesday met with the Pakistan Army team which won gold medal in “Exercise Cambrian Petrol” held in the United Kingdom from Oct 8-22, this year. A total of 100 teams participated in the competition. The Pakistan Army was represented by an 11-member team which also included 3 officers. The COAS appreciated the team for their commendable performance. This is the 6th time the Pakistan army has won gold medal in the competition, according to the Inter…

Facebook to pay to train local newspaper reporters in UK

LONDON: Facebook is donating 4.5 million pounds to train journalists in Britain to support communities that have lost local newspapers and reporters, in no little part due to ad revenue and readers switching online to the social media giant. The US company said on Monday it recognised the role it played in how people got their news today and it wanted to do more to support local publishers. Read More: Facebook denies hiding Russian sabotage, but fires lobbying firm Around 80 new trainee reporters funded by Facebook will…

‘I’m going to see this through’: UK PM May vows to fight for Brexit deal

LONDON: British Prime Minister Theresa May vowed to fight for her draft divorce deal with the European Union on Thursday after the resignation of her Brexit secretary and other ministers put her strategy and her job in peril. Just over 12 hours after May announced that her cabinet had agreed to the terms of the deal, Brexit minister Dominic Raab and work and pensions minister Esther McVey resigned. Eurosceptics in May’s Conservative Party said they had submitted letters calling for a vote of no confidence in her…

Theresa May suffers severe blow on Brexit as ministers quit

LONDON: British Prime Minister Theresa May was dealt a severe blow on Thursday when her Brexit secretary and another minister quit, striking at the heart of a draft divorce deal with the EU she is battling to sell to her party, parliament and the country. Just over 12 hours after May announced that her team of top ministers had agreed to the terms of the draft agreement, Brexit minister Dominic Raab and work and pensions minister Esther McVey quit, saying they could not support it. Their departure, and the…