LONDON (AP) -- European stocks and the pound fell further on Monday as concern grew over the potential economic costs of Britain's vote to bring its country, the world's fifth-largest economy, out of the European Union.
The British pound, which last week plunged to its lowest level since 1985, dropped another 2.4 percent to $1.3352, despite the British Treasury's reassurances that the economy was strong enough to withstand the uncertainty.
European stock markets added to their painful losses from Friday, when concern over the vote outcome wiped out $2.1 trillion of stock value from Hong Kong to London to New York.
Britain's FTSE 100 was down 1.3 percent at 6,056 while Germany's DAX shed 1.3 percent to 9,434 and France's CAC 40 dropped 1.3 percent as well to 4,053.
LONDON (AP) -- The European Union wants a quickie divorce, but Britain wants time to think things over.
Senior EU politicians demanded Saturday that the U.K. quickly cut its ties with the 28-nation bloc - a process Britain says won't begin for several months - as the political and economic shockwaves from the U.K.'s vote to leave reverberated around the world.
"There is a certain urgency ... so that we don't have a period of uncertainty, with financial consequences, political consequences," French Foreign Minister Jean-Marc Ayrault said at a meeting in Berlin of the EU's six founding nations.
EU Commission chief Jean-Claude Juncker warned that the split was "not an amicable divorce" but noted it was never "a tight love affair anyway."
(Demarara Waves) Rice has been making up the bulk of Guyana’s exports to Brazil under a preferential trade agreement mainly, the Foreign Relations Sectoral committee was told Thursday.
Briefing the committee under the chairmanship of opposition People’s Progressive Party Civic’s (PPP), Gail Teixeira, the Foreign Affairs Minister of Guyana, Carl Greenidge said since the Rupununi-based Santa Fe mega-farm, owned by Sir Kyffin Simpson and family of Barbados, began exporting rice to Brazil, that grain has been Guyana’s major export to the neighbouring South American country.
“The main factor contributing to that jump…in this case the increase in Guyana’s exports to Brazil seem to be accounted for by the exports by Simpson’s Santa Fe Farm as well as Guyana Rice Development Board and Pak and Sons exports of rice to Brazil,” Greenidge said.
Figures presented to the sectoral committee show that Guyana sold GYD$1.8 billion worth of rice to Brazil in 2015 and GYD$264 million up to June, 2016.
(LONDON)— Britain has jumped. Now it is wildly searching for the parachute.
The U.K.’s unprecedented decision to leave the European Union sent shockwaves through the country and around the world Friday, rocking financial markets, toppling Prime Minister David Cameron and even threatening the ties that bind the United Kingdom.
Britons absorbed the overwhelming realization that their anti-establishment vote has pushed the British economy into treacherous and uncertain territory and sparked a profound crisis for a bloc founded to unify Europe after the devastation of World War II.
“Leave” campaigners hailed the result as a victory for British democracy against the bureaucratic behemoth of the EU.
(iWitness News) Projects under the Banana Accompanying Measures (BAM) programme will soon commence with the disbursement of EC$18 million. The projects include the construction of a greenhouse facility and improvement of the feeder road at Montreal, upgrade of the Langley Park banana packing facility, construction of onfarm infrastructure for banana and livestock, and a food science laboratory at the St. Vincent and the Grenadines Community College.
Plans to implement these projects were disclosed at a press conference at Cabinet Room on Tuesday. In attendance at the press conference were: Prime Minister Ralph Gonsalves European Union (EU) Ambassador to the Organisation of Eastern Caribbean States (OECS) and Barbados, Mikael Barfod; Minister of Economic Planning, Camillo Gonsalves; Minister of Agriculture Saboto Caesar; Director of Planning Laura AnthonyBrowne; Permanent Secretary in the Ministry of Agriculture, Raymond Ryan; Coordinator of the BAM programme, Ricardo Frederick, and other staff of the Ministry of Agriculture. Barfod said it was a pleasure for him to be in the country to “announce the signing of contracts” for the projects under the BAM programme.
The ambassador said the disbursement of the funds meant that St. Vincent and the Grenadines in collaboration with “the EU have utilised 98.