theresa may

In 2019, the EU will be saying bye-bye to Britain, prime minister says

Britain will formally begin the process of leaving theEuropean Union by next March and complete “Brexit” by 2019, Prime Minister Theresa May said Sunday. May told the BBC she will present a “Great Repeal Bill” to remove the European Communities Act of 1972, making the U.K. an “independent, sovereign nation.” May, interviewed ahead of a Brexit speech at a […]

theresa may

5 surprising things Theresa May has done since becoming U.K. prime minister

Theresa May became Britain’s prime minister on July 13, after her predecessor, David Cameron, stepped down because of his failed campaign to keep the United Kingdom in the European Union. Here are five surprising things May has done since taking office: Made Johnson foreign secretary Perhaps the biggest shock she sprang on the British public was appointing the flamboyant […]

Credit Suisse made a surprise profit

Credit Suisse bounced back into profit in the second quarter, earning 170 million Swiss francs (£130.2 million, $172 million, €156 million), as it reported making progress on a major restructuring programme. Plunging client activity and difficult market conditions, as well as write-offs, pushed Switzerland’s second largest bank into a net loss of 302 million Swiss […]