As only the French can, Edouard-Francois de Lencquesaing, president of the European Institute of Financial Regulation (EIFR), knows how to get up English noses. Waving off the impact of Brexit for the EU's only global trading center, the City of London, he told an audience at the Krynica Economic Forum in Poland, "The rise of London as a global financial center was a mere accident of history." Anglo noses of all political colors were put out of joint. "Like all industries, London at some point benefitted from the proximity of commodities, traders, intermediary institutions like insurance, but like all industries, it has to change and will," de Lencquesaing continued. London dominates markets like global foreign exchange and commercial insurance and is home to international bond trading and fund management. About a third of the transactions involve clients in the EU. The financial services sector accounts for about 12 percent of Britain's GDP and employs 1.1 … [Read more...] about Will Brexit kill The City?
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Just seven months until Britain is due to leave the EU, the co-founder of global fashion chain Superdry has donated 1 million pounds (€1.1 million, $1.28 million) to a group seeking a new referendum on membership of the bloc. Julian Dunkerton, whose streetwear brand has outlets in 46 countries, wrote in Britain's Sunday Times that he is backing the People's Vote campaign because he predicts Brexit will be a "disaster" and "we have a genuine chance to turn this around." Read more: Scotland wants to avoid Brexit but doesn't know how His donation will be spent on one of the biggest polling operations ever undertaken in the United Kingdom. No Brexit vision Dunkerton used Sunday's opinion piece to complain: "There is no vision for Brexit and the politicians have made a mess of it." "Increasingly, the public knows that Brexit is going to be a disaster. Maybe they just need to be given that little bit of hope that comes when they see how opinion is moving. Julian … [Read more...] about Brexit: Fashion tycoon seeks second EU vote
Michel Barnier, the EU's chief Brexit negotiator, on Monday said a deal for the UK's formal exit from the European Union could be completed within the next eight weeks. "I think that if we are realistic, we are able to reach an agreement on the first of this negotiation, which is the Brexit treaty, within six or eight weeks," Barnier told a conference in Slovenia. He said it was imperative that an agreement be reached "before the beginning of November" to give EU parliaments a chance to ratify the deal. The announcement triggered a jump in the British pound, hitting a five-week high against the US dollar at $1.31, while rising 0.5 percent against the euro to €1.12. Read more: Germany's 'Little Britain' forced to close down — for now 'Deal in October' British Prime Minister Theresa May's spokesperson said her government was "focused on securing a deal in October." "You have seen over the summer I think an intensification in the talks — that is obviously something … [Read more...] about ‘Realistic’ Brexit deal in 8 weeks, says EU negotiator
CUSMA, Romania - When Maria Lacatus' son opened the barn door, it was already too late. "The bear had one of the pigs in its claws," the sobbing 86-year-old says. After losing a horse a few days later, Lacatus now agrees with many of her neighbors in the northern Romanian village of Cusma that hunting the protected species is the only answer. The bear had fled through an opening it had made in some of the barn's wooden planks, Lacatus says, unable to shake the vision of the animal she "almost bumped into". She lives with her son, daughter-in-law - both take whatever daily work they can find - and their seven children in a house protected by a wooden fence opening onto a muddy yard. The pigs are a vital source of income. Romania has Europe's highest number of brown bears. They are a common sight in Cusma, which has a population about 600 and lies about eight hours by road from the capital Bucharest. But residents say that the bears didn't used to venture into farms to take animals. … [Read more...] about In bear country Romania, cohabitation grows strenuous
Suzanne Nossel is CEO of PEN America. She was formerly executive director of Amnesty International USA and deputy assistant secretary of state for international organizations at the State Department. Jonathan Friedman is project director for campus free speech at PEN America. He was formerly an adjunct assistant professor of higher education at Teachers College, Columbia University. The opinions expressed in this commentary are solely those of the authors. View more opinion articles on CNN. (CNN)President Donald Trump's recent vow at the Conservative Political Action Conference to sign an executive order supporting free speech on colleges campuses has stoked fears in the academy. Critics predict that the proposed order risks meddling in a university's autonomy or politicizing academic freedom. Until the President presents a draft, his intentions are hard to confirm. But unless his proposed decree is carefully and narrowly crafted, the President's purported effort to promote campus … [Read more...] about Why Trump’s campus free speech order is a big risk