Sterling falls as Brexit talks between the UK’s two main parties collapse

Prime Minister Theresa May and opposition Labour Party leader Jeremy Corbyn during the State Opening of Parliament on June 21, 2017 in London, United Kingdom. Hopes that the U.K.’s two largest political parties can hash out a Brexit agreement have ended. Six weeks of talks between the most senior lawmakers from the ruling Conservative Party and main opposition Labour party have ended with no deal. Corbyn added that the lack of support behind May and the likelihood that she will soon be replaced


Prime Minister Theresa May and opposition Labour Party leader Jeremy Corbyn during the State Opening of Parliament on June 21, 2017 in London, United Kingdom. Hopes that the U.K.’s two largest political parties can hash out a Brexit agreement have ended. Six weeks of talks between the most senior lawmakers from the ruling Conservative Party and main opposition Labour party have ended with no deal. Corbyn added that the lack of support behind May and the likelihood that she will soon be replaced
Sterling falls as Brexit talks between the UK’s two main parties collapse Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: david reid
Keywords: news, cnbc, companies, parties, collapse, votes, talks, theresa, minister, parliament, uks, falls, main, party, versus, prime, sterling, brexit, labour


Sterling falls as Brexit talks between the UK's two main parties collapse

Prime Minister Theresa May and opposition Labour Party leader Jeremy Corbyn during the State Opening of Parliament on June 21, 2017 in London, United Kingdom.

Hopes that the U.K.’s two largest political parties can hash out a Brexit agreement have ended.

Six weeks of talks between the most senior lawmakers from the ruling Conservative Party and main opposition Labour party have ended with no deal. Labour leader Jeremy Corbyn wrote in a letter to Prime Minister Theresa May on Friday that talks had “gone as far as they can go” and his party will now oppose her Brexit proposal.

Corbyn added that the lack of support behind May and the likelihood that she will soon be replaced as prime minister had undermined talks.

“The increasing weakness and instability of your government means there cannot be confidence in securing whatever might be agreed between us,” he said.

As skepticism grew over a cross-party deal, the pound has embarked on nine straight sessions of losses versus the euro, marking the longest unbroken run of losses this century. Versus the dollar it dipped to $1.2760 on Friday, marking a four-month low. This after almost reaching $1.34 as recently as March.

It is now expected that the U.K. government will put various options, known as indicative votes, to Parliament instead. The last time lawmakers in the lower house of Parliament — the House of Commons — held such a series of votes on Brexit there was no majority preference for any outcome.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: david reid
Keywords: news, cnbc, companies, parties, collapse, votes, talks, theresa, minister, parliament, uks, falls, main, party, versus, prime, sterling, brexit, labour


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The impact of EU parliamentary elections on Brexit

The impact of EU parliamentary elections on Brexit14 Hours AgoFariborz Moshirian of UNSW Business School discusses the potential outcomes for Brexit. He says negotiations between the two major political parties in the U.K. are likely to continue.


The impact of EU parliamentary elections on Brexit14 Hours AgoFariborz Moshirian of UNSW Business School discusses the potential outcomes for Brexit. He says negotiations between the two major political parties in the U.K. are likely to continue.
The impact of EU parliamentary elections on Brexit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06
Keywords: news, cnbc, companies, political, unsw, outcomes, negotiations, moshirian, impact, elections, parliamentary, potential, uk, parties, eu, brexit, school


The impact of EU parliamentary elections on Brexit

The impact of EU parliamentary elections on Brexit

14 Hours Ago

Fariborz Moshirian of UNSW Business School discusses the potential outcomes for Brexit. He says negotiations between the two major political parties in the U.K. are likely to continue.


Company: cnbc, Activity: cnbc, Date: 2019-05-06
Keywords: news, cnbc, companies, political, unsw, outcomes, negotiations, moshirian, impact, elections, parliamentary, potential, uk, parties, eu, brexit, school


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SEC, Tesla CEO Elon Musk seek one-week delay to resolve contempt motion

Tesla CEO Elon Musk and the Securities and Exchange Commission have asked for a one-week delay to resolve their contempt of court dispute, the parties announced Thursday in a joint submission to a federal judge. The dispute stems from tweets Musk made in February that contained Tesla production forecasts. At first, Musk wrote to his millions of Twitter followers that the electric vehicle-maker would build around 500,000 cars in 2019. The initial tweet was enough to convince the SEC to charge Mus


Tesla CEO Elon Musk and the Securities and Exchange Commission have asked for a one-week delay to resolve their contempt of court dispute, the parties announced Thursday in a joint submission to a federal judge. The dispute stems from tweets Musk made in February that contained Tesla production forecasts. At first, Musk wrote to his millions of Twitter followers that the electric vehicle-maker would build around 500,000 cars in 2019. The initial tweet was enough to convince the SEC to charge Mus
SEC, Tesla CEO Elon Musk seek one-week delay to resolve contempt motion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: matt rosoff, robert ferris, natan dvir, bloomberg, getty images
Keywords: news, cnbc, companies, sec, tesla, elon, delay, contempt, court, motion, work, agreement, musk, resolve, week, seek, submission, oneweek, parties


SEC, Tesla CEO Elon Musk seek one-week delay to resolve contempt motion

Tesla CEO Elon Musk and the Securities and Exchange Commission have asked for a one-week delay to resolve their contempt of court dispute, the parties announced Thursday in a joint submission to a federal judge.

“While we have not reached an agreement, counsel for the SEC, Mr. Musk, and counsel for Tesla met and conferred for over an hour by telephone earlier this week and are continuing to discuss potential resolution. Because our discussions are ongoing, we respectfully request to provide the Court with another joint submission on or before April 25, 2019, indicating whether we have reached an agreement in principle,” the submission says.

On April 4, a federal judge gave Musk and the SEC two weeks to work out their differences, punting a request from the agency to hold him in contempt of court for allegedly violating an October securities fraud settlement. U.S. Judge Alison Nathan said she had “serious concerns that no matter what I decide here, this issue won’t be resolved.” Nathan ordered both parties to “take a deep breath, put on your reasonableness pants” and work out a solution.

Now the parties are asking for one more week to figure it out.

The dispute stems from tweets Musk made in February that contained Tesla production forecasts. At first, Musk wrote to his millions of Twitter followers that the electric vehicle-maker would build around 500,000 cars in 2019. He followed up by tweeting that he meant to say that Tesla would reach a peak annualized production rate of 500,000, but still expected to make only about 400,000 cars this year.

The initial tweet was enough to convince the SEC to charge Musk with contempt for violating an October agreement. That agreement came about as a result of Musk’s tweet last year saying that he had “funding secured” to take Tesla private at $420 per share. Musk and Tesla each paid $20 million fines as part of that settlement.

Former SEC prosecutor Elliot Lutzker told CNBC earlier this month that he does not expect the SEC to try and remove Musk from his CEO role, but believes the settlement will involve a fine larger than $20 million.

–CNBC’s Ryan Ruggiero contributed to this story.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: matt rosoff, robert ferris, natan dvir, bloomberg, getty images
Keywords: news, cnbc, companies, sec, tesla, elon, delay, contempt, court, motion, work, agreement, musk, resolve, week, seek, submission, oneweek, parties


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SEC, Tesla CEO Elon Musk seek one-week delay to resolve contempt motion

Tesla CEO Elon Musk and the Securities and Exchange Commission have asked for a one-week delay to resolve their contempt of court dispute, the parties announced Thursday in a joint submission to a federal judge. The dispute stems from tweets Musk made in February that contained Tesla production forecasts. At first, Musk wrote to his millions of Twitter followers that the electric vehicle-maker would build around 500,000 cars in 2019. The initial tweet was enough to convince the SEC to charge Mus


Tesla CEO Elon Musk and the Securities and Exchange Commission have asked for a one-week delay to resolve their contempt of court dispute, the parties announced Thursday in a joint submission to a federal judge. The dispute stems from tweets Musk made in February that contained Tesla production forecasts. At first, Musk wrote to his millions of Twitter followers that the electric vehicle-maker would build around 500,000 cars in 2019. The initial tweet was enough to convince the SEC to charge Mus
SEC, Tesla CEO Elon Musk seek one-week delay to resolve contempt motion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: matt rosoff, robert ferris, natan dvir, bloomberg, getty images
Keywords: news, cnbc, companies, resolve, elon, parties, court, musk, submission, week, motion, seek, work, delay, contempt, oneweek, agreement, tesla, sec


SEC, Tesla CEO Elon Musk seek one-week delay to resolve contempt motion

Tesla CEO Elon Musk and the Securities and Exchange Commission have asked for a one-week delay to resolve their contempt of court dispute, the parties announced Thursday in a joint submission to a federal judge.

“While we have not reached an agreement, counsel for the SEC, Mr. Musk, and counsel for Tesla met and conferred for over an hour by telephone earlier this week and are continuing to discuss potential resolution. Because our discussions are ongoing, we respectfully request to provide the Court with another joint submission on or before April 25, 2019, indicating whether we have reached an agreement in principle,” the submission says.

On April 4, a federal judge gave Musk and the SEC two weeks to work out their differences, punting a request from the agency to hold him in contempt of court for allegedly violating an October securities fraud settlement. U.S. Judge Alison Nathan said she had “serious concerns that no matter what I decide here, this issue won’t be resolved.” Nathan ordered both parties to “take a deep breath, put on your reasonableness pants” and work out a solution.

Now the parties are asking for one more week to figure it out.

The dispute stems from tweets Musk made in February that contained Tesla production forecasts. At first, Musk wrote to his millions of Twitter followers that the electric vehicle-maker would build around 500,000 cars in 2019. He followed up by tweeting that he meant to say that Tesla would reach a peak annualized production rate of 500,000, but still expected to make only about 400,000 cars this year.

The initial tweet was enough to convince the SEC to charge Musk with contempt for violating an October agreement. That agreement came about as a result of Musk’s tweet last year saying that he had “funding secured” to take Tesla private at $420 per share. Musk and Tesla each paid $20 million fines as part of that settlement.

Former SEC prosecutor Elliot Lutzker told CNBC earlier this month that he does not expect the SEC to try and remove Musk from his CEO role, but believes the settlement will involve a fine larger than $20 million.

–CNBC’s Ryan Ruggiero contributed to this story.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: matt rosoff, robert ferris, natan dvir, bloomberg, getty images
Keywords: news, cnbc, companies, resolve, elon, parties, court, musk, submission, week, motion, seek, work, delay, contempt, oneweek, agreement, tesla, sec


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Spain’s Socialists are riding high in election polls — but there are plenty of wildcards

Spanish opinion polls are signalling that the Socialist party could win a large share of the vote in a snap election on April 28 – but not enough for it to govern alone. The move could have worked in Sanchez’ favor, however, with opinion polls suggesting that his Spanish Socialist and Workers’ Party (the PSOE) will gain far more parliamentary seats. There are four major parties spanning the political landscape in Spain – the left-wing, ruling Socialists, the center-right People’s Party (PP), far


Spanish opinion polls are signalling that the Socialist party could win a large share of the vote in a snap election on April 28 – but not enough for it to govern alone. The move could have worked in Sanchez’ favor, however, with opinion polls suggesting that his Spanish Socialist and Workers’ Party (the PSOE) will gain far more parliamentary seats. There are four major parties spanning the political landscape in Spain – the left-wing, ruling Socialists, the center-right People’s Party (PP), far
Spain’s Socialists are riding high in election polls — but there are plenty of wildcards Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: holly ellyatt, miguel riopa, afp, getty images, javier soriano, cesar manso
Keywords: news, cnbc, companies, psoe, pp, vote, polls, plenty, socialist, party, podemos, riding, parties, seen, election, wildcards, seats, socialists, high, vox, spains


Spain's Socialists are riding high in election polls — but there are plenty of wildcards

Spanish opinion polls are signalling that the Socialist party could win a large share of the vote in a snap election on April 28 – but not enough for it to govern alone.

Prime Minister Pedro Sanchez called the snap vote in February after Catalan independence parties withdrew their support for the government’s budget bill. The move could have worked in Sanchez’ favor, however, with opinion polls suggesting that his Spanish Socialist and Workers’ Party (the PSOE) will gain far more parliamentary seats.

There are four major parties spanning the political landscape in Spain – the left-wing, ruling Socialists, the center-right People’s Party (PP), far-left Unidos Podemos party and the liberal, centrist Ciudadanos (Citizens’ Party). There is also now an upstart, populist newcomer in the mix – the far-right VOX party.

According to the latest opinion poll, the PSOE leads by a wide margin and is seen with 31.1% of the votes. Conducted between April 9-11 by social research firm GAD3 for La Vanguardia newspaper, the poll showed the PP trailed with 20.1% of the vote, Ciudadanos was seen with 14.4% and Unidos Podemos with 11.4%. Far-right Vox is seen closely behind with 11.2% of the vote.

A host of smaller parties, including Catalan independence parties, are seen with a smaller percentage of the vote while a large number of voters (26%) remain undecided as to who to vote for, and this could have a large impact on the final result.

As it stands, however, the Socialist Party is expect to win the highest number of seats (around 137-139 seats). But with 350 seats up for grabs in Congress, no one party will gain an absolute majority (of 176 seats) to govern alone so a coalition government is highly likely. That will involve horse-trading between the main parties and smaller partners.

The PSOE could have to rely on Podemos and secessionists in Spain, again, while a right-leaning coalition could be formed by PP, Ciudadanos and Vox. Whatever the outcome, the political scene is seen as highly fragmented.

A key date for voters could be April 23 when a debate between the main party leaders – Pedro Sánchez (PSOE), Pablo Casado (PP), Pablo Iglesias (Podemos), Albert Rivera (Citizens) and Santiago Abascal (Vox) – is televised.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: holly ellyatt, miguel riopa, afp, getty images, javier soriano, cesar manso
Keywords: news, cnbc, companies, psoe, pp, vote, polls, plenty, socialist, party, podemos, riding, parties, seen, election, wildcards, seats, socialists, high, vox, spains


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Israel’s coming election will give the winner control over a booming economy

The first of the two most likely election scenarios Tuesday would be for Netanyahu’s Likud party to win the most seats in the Knesset, Israel’s parliament. The second most realistic scenario is for a new party — known in English as Blue and White — to score enough votes to take the top spot. Blue and White is led by Gantz, a former top Israeli general and one-time military chief of staff under Netanyahu. And there could be uncertainty in markets, at least in the near term, if Likud is pushed fro


The first of the two most likely election scenarios Tuesday would be for Netanyahu’s Likud party to win the most seats in the Knesset, Israel’s parliament. The second most realistic scenario is for a new party — known in English as Blue and White — to score enough votes to take the top spot. Blue and White is led by Gantz, a former top Israeli general and one-time military chief of staff under Netanyahu. And there could be uncertainty in markets, at least in the near term, if Likud is pushed fro
Israel’s coming election will give the winner control over a booming economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: jason gewirtz, ronen zvulun, rina castelnuovo, bloomberg via getty images
Keywords: news, cnbc, companies, winner, booming, election, blue, control, economy, right, seats, israels, party, term, white, parties, uncertainty, likud, coming


Israel's coming election will give the winner control over a booming economy

The first of the two most likely election scenarios Tuesday would be for Netanyahu’s Likud party to win the most seats in the Knesset, Israel’s parliament.

The second most realistic scenario is for a new party — known in English as Blue and White — to score enough votes to take the top spot. Blue and White is led by Gantz, a former top Israeli general and one-time military chief of staff under Netanyahu. The party hopes to benefit from corruption allegations swirling around Netanyahu.

Here’s how recent poll numbers break down:

Likud: 29 seats

Blue and White: 28 seats

Labor: 14 seats

Union of Right Wing Parties: 7 seats

Hadash-Ta’al: 6 seats

United Torah Judaism: 6 seats

Shas: 5 seats

New Right: 5 seats

Meretz: 5 seats

Ra’am-Balad: 5 seats

Kulanu: 4 seats

Poll dated April 2, Courtesy of Israel Channel 13 Polling

Either Likud or Blue and White will need help from multiple, smaller parties to get the 61 seats needed to form a government. And there could be uncertainty in markets, at least in the near term, if Likud is pushed from power.

“Short term uncertainty is a concern if Netanyahu’s Likud loses to Blue and White,” said Ori Greenfield, chief economist and strategist at Psagot Investment House, one of Israel’s largest financials firms.

But Greenfield doubts any impact would last. He said that “because the Federal Reserve in the United States is signaling no more hikes and global Central Banks aren’t moving, it’s unlikely the Bank of Israel will be able to make a move, unless inflation starts to become more of a concern, then they’d be forced to act.”

One area ripe for change after the election is Israel’s once sky-high housing market. Reforms went into place under Finance Minister Moshe Kahlon designed to help new home buyers, through a lottery system where winners won large subsidies.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: jason gewirtz, ronen zvulun, rina castelnuovo, bloomberg via getty images
Keywords: news, cnbc, companies, winner, booming, election, blue, control, economy, right, seats, israels, party, term, white, parties, uncertainty, likud, coming


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Bannon-linked group is planning a summit to rally global nationalists

The Movement is a group for nationalist parties in Europe which is supported by the U.S. political strategist Steve Bannon. But, the platform is reportedly struggling to mobilize right-wing parties on the continent. However, Modrikamen told CNBC that there are many other right-wing parties that support this club. Then you will judge the success or not of our movement,” Modrikamen, a Belgian anti-establishment politician said. Modrikamen told CNBC that the meeting had to be postponed because of t


The Movement is a group for nationalist parties in Europe which is supported by the U.S. political strategist Steve Bannon. But, the platform is reportedly struggling to mobilize right-wing parties on the continent. However, Modrikamen told CNBC that there are many other right-wing parties that support this club. Then you will judge the success or not of our movement,” Modrikamen, a Belgian anti-establishment politician said. Modrikamen told CNBC that the meeting had to be postponed because of t
Bannon-linked group is planning a summit to rally global nationalists Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: silvia amaro, sylvain lefevre, getty images news, getty images
Keywords: news, cnbc, companies, nationalists, parties, modrikamen, european, summit, global, bannonlinked, support, movement, rightwing, told, platform, group, rally, planning


Bannon-linked group is planning a summit to rally global nationalists

The Movement is a group for nationalist parties in Europe which is supported by the U.S. political strategist Steve Bannon. But, the platform is reportedly struggling to mobilize right-wing parties on the continent.

“It’s a club for the populists, for the populist leaders facing the globalist movement. We want to organize ourselves on an international scale to be the voice of the voiceless,” Mischael Modrikamen, managing director of The Movement, told CNBC in an exclusive interview, earlier this month.

There are only three parties that are official members of this club: Italy Deputy Prime Minister Matteo Salvini’s Lega; Brothers of Italy (Fratelli d’Italia); and the Movement for Changes in Montenegro. However, Modrikamen told CNBC that there are many other right-wing parties that support this club.

“We’ve announced the support of a few parties, but we have the support of much more parties and you’ll see when we launch the summit fully in a month, a few weeks before the (EU Parliament) election, you’ll see who is there and who is not there. Then you will judge the success or not of our movement,” Modrikamen, a Belgian anti-establishment politician said.

The Movement wants to be the platform for anti-establishment parties, in a similar way that certain European summits tend to be for mainstream politicians. Having its own summit will allow the different politicians to come together and discuss their strategies. But some have questioned the reach it has been able to achieve.

“In terms of catalysing the formation of a common populist front ahead of the European Parliament election, I would say its success has been so far rather limited,” Antonio Barroso, managing director at Teneo Intelligence told CNBC over email.

“Radical right parties across the EU remain far from creating a joint platform,” Barroso said, adding that they all have different views regarding key issues, including relations with Russia.

The summit was due to have taken place in January, then in March, and it is now expected to happen just before the EU elections. Modrikamen told CNBC that the meeting had to be postponed because of the busy schedules of certain leaders and ministers that were set to attend it. The gathering is now expected to happen in Brussels, just before the elections taking place from May 23 to May 26.

Furthermore, some right-wing populists have somehow distanced themselves from this group, including France’s Marine Le Pen and her National Rally party. She said last year she wanted to clarify “lots of conjecture” regarding the Movement.

“But we, and we alone, are the ones who will shape the political force that is born from the European elections,” she said, according to AP.

Populists parties in Germany, Austria, Poland, Sweden, Hungary and the Czech Republic have also distanced themselves from the club, the Guardian has previously reported.


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: silvia amaro, sylvain lefevre, getty images news, getty images
Keywords: news, cnbc, companies, nationalists, parties, modrikamen, european, summit, global, bannonlinked, support, movement, rightwing, told, platform, group, rally, planning


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Thailand election: Economic growth, income inequality are key issues

Investors are hoping for greater political and economic stability in Thailand after the country’s upcoming general election — but some analysts aren’t so sure that will come to pass. This year, foreign buying of Thai equities has not return in a significant way, with many investors opting to wait for clarity on the political front. The election on March 24 will be Thailand’s first since a military coup overthrew the elected government in 2014. An anti-military camp that consist of the Pheu Thai


Investors are hoping for greater political and economic stability in Thailand after the country’s upcoming general election — but some analysts aren’t so sure that will come to pass. This year, foreign buying of Thai equities has not return in a significant way, with many investors opting to wait for clarity on the political front. The election on March 24 will be Thailand’s first since a military coup overthrew the elected government in 2014. An anti-military camp that consist of the Pheu Thai
Thailand election: Economic growth, income inequality are key issues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: yen nee lee, gonzalo azumendi, getty images
Keywords: news, cnbc, companies, thailand, economic, party, minister, foreign, election, thai, growth, political, issues, parties, income, prime, inequality, key, investors


Thailand election: Economic growth, income inequality are key issues

Investors are hoping for greater political and economic stability in Thailand after the country’s upcoming general election — but some analysts aren’t so sure that will come to pass.

Last year, the Thai stock market suffered a record $9 billion in foreign investment outflows as investors withdrew from emerging markets amid rising interest rates in the U.S. and global economic concerns. This year, foreign buying of Thai equities has not return in a significant way, with many investors opting to wait for clarity on the political front.

The election on March 24 will be Thailand’s first since a military coup overthrew the elected government in 2014. The vote is set to be a contest between three political fractions:

A pro-military camp that include the Palang Pracharat Party, which named current Prime Minister Prayuth Chan-o-cha as its candidate to lead the country.

An anti-military camp that consist of the Pheu Thai Party — which is linked to exiled former Prime Minister Thaksin Shinawatra — and the newly founded Future Forward Party.

A group of parties that are neutral or undecided on which side they would align, including the Democrat Party led by another former prime minister, Abhisit Vejjajiva, and Bhumjaithai Party, which recently made headlines for its promotion of marijuana as a new cash crop in Thailand.

None of the parties are expected to single-handedly win enough seats to form the next government, which means the most likely scenario is a coalition administration. That may be challenging, however, in a polarized political environment like Thailand, analysts said.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: yen nee lee, gonzalo azumendi, getty images
Keywords: news, cnbc, companies, thailand, economic, party, minister, foreign, election, thai, growth, political, issues, parties, income, prime, inequality, key, investors


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‘Imagine the US being governed by Mexico?’: Why some UK lawmakers hated the Brexit deal

The U.K.’s Brexit deal with the European Union is dead in the water after a majority of lawmakers rejected the withdrawal agreement in a crucial vote. The agreement was rejected by 149 votes — which included 75 members of U.K. Prime Minister Theresa May’s own Conservative Party and the majority of opposition parties in Parliament. Lawmakers from each of the main political parties in the U.K. told CNBC why they were so compelled to vote against the deal. “Imagine in America if the American people


The U.K.’s Brexit deal with the European Union is dead in the water after a majority of lawmakers rejected the withdrawal agreement in a crucial vote. The agreement was rejected by 149 votes — which included 75 members of U.K. Prime Minister Theresa May’s own Conservative Party and the majority of opposition parties in Parliament. Lawmakers from each of the main political parties in the U.K. told CNBC why they were so compelled to vote against the deal. “Imagine in America if the American people
‘Imagine the US being governed by Mexico?’: Why some UK lawmakers hated the Brexit deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: holly ellyatt, luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, agreement, conservative, america, deal, governed, imagine, uk, lawmakers, mexico, brexit, parties, court, hated, rejected, majority, told


'Imagine the US being governed by Mexico?': Why some UK lawmakers hated the Brexit deal

The U.K.’s Brexit deal with the European Union is dead in the water after a majority of lawmakers rejected the withdrawal agreement in a crucial vote.

The agreement was rejected by 149 votes — which included 75 members of U.K. Prime Minister Theresa May’s own Conservative Party and the majority of opposition parties in Parliament.

Lawmakers from each of the main political parties in the U.K. told CNBC why they were so compelled to vote against the deal.

“Imagine in America if the American people found themselves governed by, shall we say, a mixture of Canada, Mexico and South America over and above Congress and that the Supreme Court itself would be subject to a superior court — they just simply couldn’t even believe it was happening,” Bill Cash, a Conservative Member of Parliament (MP) and a prominent Brexiteer told CNBC Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: holly ellyatt, luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, agreement, conservative, america, deal, governed, imagine, uk, lawmakers, mexico, brexit, parties, court, hated, rejected, majority, told


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US grounds Boeing 737 Max planes, citing links between 2 fatal crashes

The Federal Aviation Administration on Wednesday grounded all Boeing 737 Max jets in the U.S., citing new evidence that showed similarities between two fatal crashes of the popular planes that have killed 346 people in less than five months. New satellite data shows the plane’s movement was similar to the October crash, the FAA’s acting administrator Daniel Elwell told reporters on a call Wednesday. “It became clear the track was very close and behaved similarly to the Lion Air flight,” Elwell t


The Federal Aviation Administration on Wednesday grounded all Boeing 737 Max jets in the U.S., citing new evidence that showed similarities between two fatal crashes of the popular planes that have killed 346 people in less than five months. New satellite data shows the plane’s movement was similar to the October crash, the FAA’s acting administrator Daniel Elwell told reporters on a call Wednesday. “It became clear the track was very close and behaved similarly to the Lion Air flight,” Elwell t
US grounds Boeing 737 Max planes, citing links between 2 fatal crashes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: leslie josephs, kevin breuninger, joe raedle, getty images
Keywords: news, cnbc, companies, grounding, 737, reporters, planes, grounds, links, crashes, data, parties, boeing, flight, elwell, faa, told, citing, max, fatal


US grounds Boeing 737 Max planes, citing links between 2 fatal crashes

The Federal Aviation Administration on Wednesday grounded all Boeing 737 Max jets in the U.S., citing new evidence that showed similarities between two fatal crashes of the popular planes that have killed 346 people in less than five months.

The move marks a stunning turnaround for the U.S., which has stood by the American-made aircraft as dozens of countries around the world grounded the planes.

The crash of Ethiopian Airlines Flight 302 on Sunday came less than five months after a Lion Air Boeing 737 Max 8 — the same type of plane — plunged into the Java Sea minutes into the flight from Jakarta, Indonesia, killing all 189 people on board. Both planes were new, delivered from Boeing just months before their doomed flights.

The FAA said the grounding will remain in effect while it investigates the crash.

“An FAA team is in Ethiopia assisting the NTSB as parties to the investigation of the Flight 302 accident,” it said in a statement.

New satellite data shows the plane’s movement was similar to the October crash, the FAA’s acting administrator Daniel Elwell told reporters on a call Wednesday. The agency also took physical evidence into account, but Elwell declined to elaborate.

“It became clear the track was very close and behaved similarly to the Lion Air flight,” Elwell told reporters on a call Wednesday. “My hope is the FAA, the carriers, the manufacturers and all parties will work very hard to make this grounding as short as possible so that these airplanes can get back up in the sky.”

The agency did not have enough data to warrant grounding the planes earlier, he said. “We are a fact-driven, a data-based organization,” said Elwell. “Since this accident occurred we were resolute in our decision that we would not take action until we had data to support taking action. That data coalesced today and we made the call.”

The Ethiopian Airlines plane’s black boxes, which contain flight data and cockpit voice recordings, will be sent to France for analysis this week, he added.


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: leslie josephs, kevin breuninger, joe raedle, getty images
Keywords: news, cnbc, companies, grounding, 737, reporters, planes, grounds, links, crashes, data, parties, boeing, flight, elwell, faa, told, citing, max, fatal


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