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.
(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.