ECB's Villeroy - Brexit talks must be quick, City of London at risk of losing 'EU passport'
London's financial centre will lose its prized "EU passport" if Britain fails to secure continued access to the bloc's single market in its exit talks, ECB Governing Council member Francois Villeroy de Galhau said on Saturday. Banks based in London, Europe's biggest financial centre, rely on what is called an EU passport to operate across the bloc's capital market unhindered while basing most of their staff and operations outside the euro zone in London.
France wants quick British divorce from EU, Germany cautiousBy John Irish BERLIN (Reuters) - France's foreign minister called on Saturday for the European Union to move ahead quickly to seal the terms of a British exit, arguing that the other 27 members needed to give the bloc new purpose or risk populism taking hold. "Negotiations have to go quickly in the common interest," Jean-Marc Ayrault said on his way to a meeting in Berlin of foreign ministers from the six founding members of the EU - Germany, France, Italy, the Netherlands, Belgium and Luxembourg. Britain voted on Thursday to leave the EU, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow since World War Two to the European project of forging greater unity.
Two dead, homes burned by massive California wildfire
(Reuters) - Hundreds of firefighters were struggling on Saturday to contain a massive wildfire that has killed two people and burned at least 100 homes while ravaging lakeside communities in central California. The so-called Erskine Fire, which broke out on Thursday afternoon in the foothills of Kern County about 42 miles (68 km) northeast of Bakersfield, has exploded to char more than 30,000 acres, making it one of the worst in an already intense fire season in drought-stricken California. The National Weather Service issued a "red-flag warning" for the area at least into Saturday morning, forecasting high temperatures, low humidity and gusty winds that could whip up the blaze's intensity as it cuts through the bone-dry brush and grass.
All Blacks thump Wales 46-6, sweep Test series
New Zealand pounded Wales with pace and intensity and a masterful performance by Beauden Barrett to sweep the three-Test series with a 46-6 victory in Dunedin on Saturday. Wales started strongly, desperate to salvage something from a tough series against the world champions, but were effectively on the ropes after 10 minutes. By half-time the All Blacks were ahead 18-6 and they piled on a further 28 points after the break.
Iceland takes on England, the team it's cheered from afar
Italy economy minister says Brexit likely to hit growth, public financesItaly's Economy Minister Pier Carlo Padoan said on Saturday that Britain's vote to leave the European Union could lead to the Italian economy growing less than initially forecast, with a negative impact on public finances. Italy, the euro zone's third largest economy, has posted weak growth since it emerged from a three-year recession at the start of 2015 and continues to lag the rest of the currency bloc. "We have to be very clear: it can't be ruled out that, following Brexit, for reasons outside our control, the economic picture worsens and we will have less growth," Padoan told the Corriere della Sera daily in an interview.
Bundesliga intel preps Swiss for Poland clash at Euro 2016
Saint-Étienne (France) (AFP) - Experience forged in the German league will help Switzerland's Bundesliga stars when they face Robert Lewandowski's Poland in the last 16 at Euro 2016 on Saturday. Switzerland and Poland have both qualified for the knockout phase of a European Championship finals for the first time.
Debris in Tanzania to be examined for link to missing MH370 -report
A new piece of debris found in Tanzania will be examined for a possible link to the missing Malaysia Airlines flight MH370, Malaysian state news agency Bernama cited the country's transport minister as saying on Saturday. "This debris is quite large... only if it is confirmed to be that of Boeing 777 will we send an investigation team there to study whether it really belonged to MH370 or not," Malaysian transport minister Liow Tiong Lai was quoted as saying. Flight MH370 disappeared in March 2014 with 239 passengers and crew on board shortly after taking off from Kuala Lumpur bound for Beijing.
Brexit weakens finance minister Osborne's leadership chances, says senior ConservativeBritish finance minister George Osborne's chances of succeeding Prime Minister David Cameron have been "much weakened" by the country's decision to quit the European Union, senior Conservative Party member Alan Duncan said on Saturday. "Remain" campaigner Osborne, Cameron's political ally and finance minister since 2010, had been seen as the frontrunner to become the party's next leader. Chief Brexit campaigner Boris Johnson is now favorite to become prime minister in a leadership contest which will be concluded by October.
Arizona abandons use of sedative as a lethal-injection drugPHOENIX (AP) ? The state of Arizona has eliminated its use of the sedative midazolam as one of the drugs it relies on in carrying out executions.