Latest Philip Hammond News

Recent developments surrounding the South China Sea

Feb. 17, 2019 10:51 PM EST

BEIJING (AP) — A look at recent developments in the South China Sea, where China is pitted against smaller neighbors in multiple disputes over islands, coral reefs and lagoons in waters crucial for global commerce and rich in fish and potential oil and gas reserves: ___ EDITOR'S NOTE: This is a weekly look...

Brexit unease sees UK economy takes a turn for the worse

Feb. 11, 2019 11:20 AM EST

LONDON (AP) — The British economy has not had a worse year since the global financial crisis and Brexit uncertainty is clearly to blame. The government even admits it. Official figures released Monday showed that a lack of clarity over Brexit weighed on businesses throughout 2018 and kept a lid on their...

UK's May seeks compromise with Labour in EU divorce deal

Feb. 11, 2019 10:10 AM EST

LONDON (AP) — British Prime Minister Theresa May sought a compromise Monday with opposition leader Jeremy Corbyn in hopes of securing his backing for a divorce deal with the European Union. The political maneuvering comes amid strong signs that uncertainty over Brexit is already clamping down on Britain's...

Queen urges common ground in remarks seen as Brexit nod

Jan. 25, 2019 1:18 PM EST

LONDON (AP) — Queen Elizabeth II has urged people to seek "common ground," in remarks widely interpreted as a veiled criticism of the toxic debate surrounding Britain's departure from the European Union. While the monarch didn't mention Brexit and is barred from commenting on political issues, the Times of...

The Latest: Soros warns on China, urges US take tough line

Jan. 24, 2019 3:42 PM EST

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 9:25 p.m. Billionaire philanthropist George Soros says he thinks Chinese President Xi Jinping is "the most dangerous opponent of open societies." Soros said Thursday during a speech on the sidelines of...

European divisions beyond Brexit on display in Davos

Jan. 24, 2019 1:09 PM EST

DAVOS, Switzerland (AP) — Europe's divisions were on display Thursday at the World Economic Forum as hundreds of protesters descended on the Swiss ski resort of Davos to lambast the elite attendees for caring more about their balance sheets than the state of the world. Shouting "anti-capitalista" and other...

Airbus CEO warns it could move in event of no-deal Brexit

Jan. 24, 2019 12:31 PM EST

LONDON (AP) — The chief executive of Airbus warned Thursday that the aviation giant could move its U.K. operations out of Britain if the country leaves the European Union without a deal on trade relations, in one of the starkest assessments yet of the economic impact of a "no-deal" Brexit. CEO Tom Enders...