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The British pound fell to a three-month low on Monday amid reports Prime Minister Theresa May is about to set the U.K. on the road to a clean break with the European Union, pushing the country into uncertain ...
Top European officials hit back at US President-elect Donald Trump on Monday after he branded the NATO alliance "obsolete" and lashed out at a key nuclear deal with Iran. In a hard-hitting interview with two major European newspapers, Trump unleashed a volley of verbal attacks on Europe, dubbing German Chancellor Angela Merkel's refugee policy "catastrophic" and hailing Britain's decision to leave the EU. "The European Union will continue to work for the respect and implementation of this extremely important deal, most of all for our security," she said.
Turkey was a key step closer on Monday to dramatically expanding the powers of President Recep Tayyip Erdogan after parliament approved, on first reading, a bill critics fear will lead to one-man rule. The ruling Justice and Development Party (AKP) mustered the necessary 330 or more votes -- a three-fifths majority -- needed to adopt the constitutional change and send it to a referendum for final approval.