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French Open hikes prize money as Brexit eats Wimbledon purse

“The U.S. Open, the final Grand Slam of the year starting in August, has yet to announce its prize money” writes Midwest Communications Inc for 95kqds.com. This year’s clay-court slam will award prize money totaling 39.20 million euros ($45.73 million).But it is on prize money where rivalries are perhaps the hardest fought. Source: 95kqds.com Share This:

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U.K. stocks rebound from 2-day losing run as Brexit jitters drive pound lower

“U.K. stocks advanced on Friday, set to break a two-day losing streak, as the pound selloff resumed on signs Brexit discussions between Brussels and London are close to a painful breakdown” writes Markets Reporter for marketwatch.com. Traders reacted little to data confirming the U.K. economy expanded at its slowest pace in five years in the first quarter.At the time, it sent the pound sharply lower, as it was seen as completely ruling out a BOE rate hike in May.The pound GBPUSD, -0.1943%  fell to $1.3355, from $1.3379 late Thursday in…

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Chaotic Brexit could force interest rate cut warns Bank of England governor

“A disorderly Brexit could force the Bank of England to cut interest rates again sharply, according to its governor Mark Carney” writes Ben Chu for independent.co.uk. We have the tools we need.” The Bank has drawn criticism from some City analysts and traders for giving confusing signals to markets about the likelihood of a May interest rate rise.He also warned the TSC that the UK economy urgently needs the single market and customs union transition agreed by Theresa May and the EU after March 2019. Source: independent.co.uk Share This:

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LIVE: Tory MP warns government over ‘disastrous’ NHS funding shortfall

“Week after week it becomes clearer and clearer that they are too divided to make the right choices and too weak to get a good Brexit deal” writes Benjamin Kentish for independent.co.uk. So let me be clear, Labour will not support any Brexit deal that includes the return of a hard border to this island. Source: independent.co.uk Share This:

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UK calls for special EU deal after Brexit

“UK negotiators in Brussels have warned of significant economic and security dangers for Europe should the EU not grant a special deal on data-sharing laws after Brexit” writes Daniel Boffey for theguardian.com. EU businesses in sectors ranging from finance to telecommunications that are reliant on current data-sharing arrangements earned €36bn (£32bn) from the UK in 2016, British officials said.The UK wants a seat in the body that applies data laws on companies, and has insisted it should be given preferential treatment over other non-EU countries after Brexit.The UK, however, has…

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Renowned fund manager says Italy won’t exit the euro

“Clearly the result in Italy has made people think about the anti-euro lobby,” Martin Gilbert told CNBC’s Joumanna Bercetche in Brussels, but added: “I don’t think we are going to see any significant change.”” writes Alessia Pierdomenico for cnbc.com. The two anti-establishment parties looking to clinch power in Italy will not take the country out of the euro zone and reject the single currency, the co-chief of asset management firm Standard Life Aberdeen told CNBC Wednesday.The resurgence of the Five Star Movement (M5S) and Lega — two anti-establishment parties putting…

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Inside the Brexit battle to keep Britain in the single market

“For those MPs from across the House of Commons fighting for Britain to remain in the single market, the battle is still far from over” writes Adam Payne for businessinsider.com. This could include a single market arrangement without the free movement of people in its current form, they claimed.Corbyn is expected to make an announcement on the party’s single market policy in the coming weeks.More recently, MP George Freeman — who used to head May’s policy unit — said it’s “surely time to start looking” at staying inside the single…

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UK homes to link to fastest kind of internet to prepare for Brexit

“The majority of all homes and businesses in Britain will be linked to the fastest kind of internet connection that exists within seven years, the chancellor is set to announce” writes Joe Watts for independent.co.uk. Philip Hammond will tell business leaders on Tuesday that cutting-edge full fibre, 40 times quicker than superfast internet, will be rolled out in a bid to prepare the country for Brexit. He will also invest £5.6million in the ‘Be The Business’ initiative to work with family businesses and the hospitality sector.In addition, the chancellor will…

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Tracking lorries won’t solve Irish border issue, hauliers say

“The use of tracking devices on lorries crossing the Irish border after Brexit would bepointless, the Brexit secretary, David Davis, has been told during a hastily arranged visit to Northern Ireland” writes Lisa O’carroll for theguardian.com. Davis was accompanied by the Northern Ireland secretary, Karen Bradley, and the business secretary, Greg Clark.The Brexit secretary met business representatives in Stormont on Sunday as part of his cabinet team’s research into the “max-fac” (maximum facilitation) customs systems he favours for UK borders with the EU after Brexit. Source: theguardian.com Share This:

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Is it too soon to make great drama out of the EU referendum?

“There is an obvious need for a Brexit TV drama that puts the whole sorry business into perspective for leavers and remainers” writes Tim Dowling for theguardian.com. The question is not whether it is too late to make a topical drama out of Brexit, but whether it is too soon.None of these difficulties will matter much if Channel 4’s Brexit drama is good and there is no reason to think it won’t be.Channel 4 is to make a Brexit drama starring Benedict Cumberbatch, who will play Dominic Cummings, the former…

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