Chinese leader pushes back against Trump on free trade
Chinese President Xi Jinping offered a vigorous defense of globalization and free trade in a speech at the World Economic Forum in Davos on Tuesday, which underscored Beijing's desire to play a greater global role as the United States turns inward. Xi did not mention Donald Trump in his speech of nearly an hour but many of the messages he sent seemed directed at the U.S. president-elect, who campaigned for the White House on pledges to protect U.S. industries from foreign competition and levy new tariffs on goods from China and Mexico.
Highlights - British PM May sets out plans for BrexitLONDON (Reuters) - Prime Minister Theresa May is setting out the principles that will guide her approach to Britain's withdrawal from the European Union in a speech in London on Tuesday. Below are the highlights from her speech: UK WILL LEAVE EUROPEAN SINGLE MARKET This agreement should allow for the freest possible trade in goods and services between Britain and the EU's member states. It should give British companies the maximum freedom to trade with and operate within European markets, and let European businesses do the same in Britain. ...
The Latest: May vows to guarantee rights of EU citizens soon
UK finance minister says 'sensible' EU deal needed to avoid tax battleBritain will do whatever it takes to maintain competitiveness if the European Union refuses to agree a "sensible" trade deal after the country leaves the bloc, British finance minister Philip Hammond said on Tuesday. Hammond was addressing parliament in a regular question and answer session while Prime Minister Theresa May set out her strategy for leaving the EU at a separate event. "Britain wants to remain in the European mainstream with its economic and social model, but that can only happen if we get a sensible Brexit deal for continued access to the European market," echoing comments in a German newspaper on Sunday.
Britain will leave EU single market, May says
By Kylie MacLellan and William James LONDON (Reuters) - Britain will leave the EU's single market when it exits the European Union, Prime Minister Theresa May said on Tuesday, putting an end to speculation that London might try to seek a "soft Brexit". May said she would seek an equal partnership with the EU but that she would not adopt models already used by other countries that have free trade agreements with the bloc. "I want to be clear: What I am proposing cannot mean membership of the single market," May told an audience of foreign diplomats and Britain's own Brexit negotiating team at a mansion house in London.
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Ivory Coast begins paying bonuses to mutinous soldiers
Ivory Coast's government has begun paying bonuses to soldiers who staged a two-day mutiny earlier this month, leaders of the revolt said on Tuesday, in a move aimed at quelling unrest that could undermine the country's post-war success story. Soldiers poured out of their barracks and seized the top cocoa grower's second-largest city, Bouake, on Jan. 6 in an uprising that quickly spread across the West African nation, forcing the government to capitulate to the mutineers' demands. Negotiators for the mutineers say that, among other promises, the government agreed to pay bonuses of 12 million CFA francs ($19,541) each to around 8,400 soldiers, beginning with an instalment of 5 million.
British PM May sets out plans for BrexitPrime Minister Theresa May is setting out the principles that will guide her approach to Britain's withdrawal from the European Union in a speech in London on Tuesday. Below are the highlights from her speech: UK WILL LEAVE EUROPEAN SINGLE MARKET This agreement should allow for the freest possible trade in goods and services between Britain and the EU's member states. It should give British companies the maximum freedom to trade with and operate within European markets, and let European businesses do the same in Britain.
Stocks drop but pound recovers as UK lays out Brexit plan
BEIJING (AP) ? Global stocks fell Tuesday but the pound rebounded as British Prime Minister Theresa May said her country will remain open to new trade opportunities as it withdraws from the European Union's single market.
May says no 'half in, half out' Brexit deal for UKPrime Minister Theresa May said on Tuesday that Britain would not seek a deal that left the country "half in, half out" of the European Union when it negotiates its exit from the bloc. "We see a new and equal partnership between an independent, self-governing, global Britain and our friends and allies in the EU. Not partial membership of the European Union, associate membership of the European Union or anything that leaves us half in, half out," May said in a speech.