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History professor Gudni Johannesson won Iceland's presidential election with 39.1 percent of the ballots, according to final results announced on public television channel RUV on Sunday. Throughout the campaign, Johannesson rode a wave of anti-establishment sentiment, emphasising his non-partisan, independent vision of the presidency. The president in Iceland holds a largely ceremonial position, acting as a guarantor of the constitution and national unity, and more important legislative elections are due in the autumn.
NEW YORK/CHICAGO (Reuters) - The risk that Britain could yank itself out of the European Union had been telegraphed for over a year, but even U.S. companies with "Brexit" contingency plans have said they were shocked it is now on track to become reality, and are just beginning to work through all of the implications. Caught off guard, some U.S. firms have rushed to place foreign currency orders hedging against further declines in the British pound.