• 10 things you need to know before the opening bell

    1 month ago - By Business Insider

    Here is what you need to know.
    The British pound is under pressure. The pound extended declines against the dollar, trading down 1.5%, after a key cabinet member joined Brexit secretary Dominic Raab in resigning in protest of Theresa May's plan to leave the EU.
    Bitcoin tumbles to its lowest level in over a year. The world's largest cryptocurrency fell more than 13% Wednesday to as low as $5,3222 a coin. On Thursday, bitcoin cash, the fourth-largest cryptocurrency by market cap, is set to experience a hard fork amid a fight that is playing out between its two biggest proponents, Craig...
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  • Live: Theresa May hit by multiple resignations as her Brexit deal falls apart

    Live: Theresa May hit by multiple resignations as her Brexit deal falls apart

    1 month ago - By Business Insider

    This is Business Insider's politics live-blog charting the latest developments as May's Brexit deal continues to unravel.
    LONDON - Theresa May suffered a huge blow to her authority on Thursday as multiple ministers including Brexit secretary Dominic Raab and work & pensions secretary resigned in protest at her Brexit plans.
    McVey and Raab's resignations followed a gruelling five-hour Cabinet meeting yesterday at which the prime minister sought to persuade sceptical ministers to support her deal and sell it to backbench MPs. While she claimed yesterday that she had won the support of...
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  • Theresa May's Brexit Deal Begins to Unwind With Resignation of Top Negotiator Dominic Raab

    Theresa May's Brexit Deal Begins to Unwind With Resignation of Top Negotiator Dominic Raab

    1 month ago - By Fortune

    British Prime Minister Theresa May might have yesterday announced a collective decision by her top ministers to agree to her Brexit deal with the EU, but it's already falling apart.
    On Thursday morning, Dominic Raab, the minister in charge of the Brexit negotiations, quit. “I regret to say that, following the Cabinet meeting yesterday on the Brexit deal, I must resign,” the Brexit secretary said in a letter to May. Two other ministers have also resigned.
    Raab said he was leaving for two reasons. Firstly, the deal involves certain different regulations in Northern Ireland than in the rest...
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  • Theresa May suffers more resignations as Esther McVey resigns over May's Brexit deal

    Theresa May suffers more resignations as Esther McVey resigns over May's Brexit deal

    1 month ago - By Business Insider

    LONDON - Ester McVey, the secretary of state for work and pensions, has resigned from her post in protest at May's Brexit plan.
    The minister joined Brexit Secretary Dominic Raab in stepping down on Thursday in a joint blow to Theresa May's authority which raises the prospect of several more imminent Cabinet resignations.
    In a letter to the prime minister, she said: "I cannot defend this and I cannot vote for this deal I could not look my constituents in the eye were I to do that. I therefore have no alternative but to resign from the government."
    McVey and Raab's resignations followed a...
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  • The pound is tanking after Theresa May's Brexit secretary resigns, saying he can't support her EU withdrawal plan

    The pound is tanking after Theresa May's Brexit secretary resigns, saying he can't support her EU withdrawal plan

    1 month ago - By Business Insider

    Brexit Secretary Dominic Raab resigned, saying he cannot "in good conscience" support Theresa May's Brexit plan
    May's 585-page plan was unveiled on Wednesday night.
    Follow the pound's movements live at Markets Insider.
    LONDON - The British pound tumbled 1.3% in Thursday trading after Brexit secretary Dominic Raab resigned, saying he cannot "in good conscience" support Theresa May's Brexit plans .
    He announced his resignation on Thursday morning, and said he retained an "enduring respect" for the prime minister.
    Even before Raab's announcement, the British currency seemed to take a wary...
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  • Breaking: Brexit secretary Dominic Raab resigns

    Breaking: Brexit secretary Dominic Raab resigns

    1 month ago - By Business Insider

    LONDON - Brexit secretary Dominic Raab has resigned after saying he cannot "in good conscience" support Theresa May's Brexit plans.
    He announced his resignation on Thursday morning, and said he retained an "enduring respect" for the prime minister.
    This is a developing story.
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