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UK’s May pulls vote on her divorce deal, thrusting Brexit into the unknown

LONDON (Reuters) - British Prime Minister Theresa May on Monday abruptly pulled a parliamentary vote on her Brexit deal, throwing Britain’s plan to leave the European Union into chaos after admitting that she faced a rout. May’s move on the eve of a crucial parliamentary vote opens up an array of options for the United Kingdom, including a disorderly Brexit with no deal, another referendum on EU membership, or a last minute renegotiation of May’s deal. Announcing the delay, May was laughed at by some lawmakers when she said there was broad support for the deal and that she had listened carefully to different views it -…

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Verizon says to shed 10,400 jobs by mid next year

The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid(Reuters) - Verizon Communications Inc said on Monday that about 10,400 employees will be leaving the U.S. wireless carrier by mid next year as part of the company’s voluntary separation program. The New York-based company has been looking at cutting costs as it ramps up investment in its next generation 5G network, which is expected to fuel growth. The company has said it was on track to reach $10 billion in cumulative cash savings by 2021. As part of the separation program, the employees will get a…

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UK PM May says Brexit is her duty, will seek new reassurances from EU

Britain's Prime Minister Theresa May returns to Downing Street in London, Britain, December 10, 2018. REUTERS/Henry NichollsLONDON (Reuters) - British Prime Minister Theresa May said on Monday that it was her duty to deliver Brexit, and that she would seek reassurances needed by parliament to complete the process. “It is the right deal for Britain, I am determined to do all I can to secure the reassurances this House requires to get this deal over the line and deliver for the British people,” May told parliament. Reporting by Costas Pitas and David Milliken, writing by William James; editing by Guy FaulconbridgeOur Standards:The Thomson Reuters Trust Principles.

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Explainer: Chaos, or keep calm and carry on? What happens if UK’s May loses Brexit vote

LONDON (Reuters) - British Prime Minister Theresa May needs to win approval for her Brexit deal in parliament on Dec. 11. But critics are lining up on all sides to say they will oppose it and the chances of the government winning a vote currently look slim. FILE PHOTO: Demonstrators protest against Brexit outside the Houses of Parliament in London, Britain, November 28, 2018. REUTERS/Henry Nicholls/File PhotoSo what happens if she loses the vote? By law, if the deal is rejected, ministers have 21 days to state how they intend to proceed. The government has previously said that if the agreement is rejected, Britain will leave the…

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UK PM May says will delay parliament vote on Brexit deal

Britain's Prime Minister Theresa May leaves Downing Street in London, Britain, December 10, 2018. REUTERS/Phil NobleLONDON (Reuters) - British Prime Minister Theresa May said on Monday she was delaying a planned vote in parliament on her Brexit deal as it was set to be rejected “by a significant margin”. “It is clear that while there is broad support for many of the key aspects of the deal, on one issue, the Northern Ireland backstop, there remains widespread and deep concern,” May said. “We will therefore defer the vote schedule for tomorrow and not proceed to divide the house at this time.” Reporting by Andy Bruce, Writing by…

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Dow, S&P dogged by growth worries; techs help Nasdaq bounce

(Reuters) - Wall Street dropped on Monday, led by Apple Inc, financials and healthcare stocks, falling further after its biggest slide since March last week on worries over global growth, the China-U.S. trade war and uncertainty over the Brexit deal. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 10, 2018. REUTERS/Brendan McDermidThe benchmark S&P 500 and the blue-chip Dow Jones Industrial Average, already in the red for the year after last week’s slide of more than 4.5 percent, fell another 0.5-0.6 percent, while the Nasdaq moved marginally higher. Apple fell 1.7 percent after Qualcomm Inc said it had…

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Exclusive: Ghosn wanted to retrieve cash, artwork from Rio apt – court filing

FILE PHOTO - Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, attends a news conference to unveil Renault's next mid-term strategic plan in Paris, France, October 6, 2017. REUTERS/Charles Platiau/File PhotoSAO PAULO/TOKYO (Reuters) - Ousted Nissan (7201.T) Chairman Carlos Ghosn sought to retrieve “personal belongings, documents, cash, objects and art pieces” from a Rio de Janeiro apartment that the carmaker says could contain evidence of financial misconduct, according to a Brazil court filing by Nissan last week. The previously unreported court papers show the extent of the legal dispute between Ghosn and Nissan over access to the apartment, one of several the former executive had access…

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U.S. top court rebuffs state bids to cut Planned Parenthood funds

FILE PHOTO: Healthcare activists with Planned Parenthood and the Center for American Progress pass by the Supreme Court as they protest in opposition to the Senate Republican healthcare bill on Capitol Hill in Washington, U.S., June 28, 2017. REUTERS/Joshua RobertsWASHINGTON (Reuters) - The U.S. Supreme Court on Monday rejected appeals by Louisiana and Kansas seeking to end public funding by those states to Planned Parenthood, a national women’s healthcare and abortion provider, through the Medicaid program. The justices left intact lower court rulings that prevented the two states from stripping government healthcare funding from local Planned Parenthood affiliates. Three conservative justices, Clarence Thomas, Samuel Alito and Neil…

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EU’s top court says UK can unilaterally stop Brexit

LUXEMBOURG/LONDON (Reuters) - The European Union’s top court ruled on Monday that the United Kingdom can unilaterally revoke its divorce notice, raising the hopes of pro-Europeans ahead of a crucial vote in the British parliament on Prime Minister Theresa May’s divorce deal. Anti-Brexit demonstrators protest outside the Houses of Parliament in London, Britain, December 3, 2018. REUTERS/Henry Nicholls/File PhotoJust 36 hours before British lawmakers vote on May’s deal, the Court of Justice said in an emergency judgment that London could revoke its Article 50 formal divorce notice with no penalty. May’s government said the ruling means nothing because it has no intention of reversing its decision to…

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Stock selloff snowballs on fresh fears for world growth

LONDON (Reuters) - Losses on global stocks snowballed on Monday, with European markets following Asian peers lower as fresh signs emerged of slowing growth worldwide and fears grew that simmering U.S.-China tensions would torpedo chances of a trade deal. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato Wall Street was set to open lower, futures indicated, after New York-listed shares posted their biggest weekly decline since March. “Another day, another reason to sell risk. Equity markets remain in a world of pain with everyone in search of a very elusive silver lining,” said Stephen Innes at…

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