Latest Philip Hammond News

Michael Gove enters Conservative race to succeed Theresa May

May. 26, 2019 2:22 PM EDT

LONDON (AP) — British Environment Secretary Michael Gove on Sunday became the eighth lawmaker to enter the race to succeed Prime Minister Theresa May, as other contenders staked out uncompromising positions on Brexit. Gove said Sunday that "I can confirm that I will be putting my name forward to be prime...

Key events in the Julian Assange legal saga

May. 13, 2019 6:23 AM EDT

LONDON (AP) — Swedish prosecutors say they are reopening a rape case against Julian Assange, the founder of anti-secrecy group WikiLeaks, a month after he was removed from the Ecuadorian Embassy in London A look at key events in the Assange saga: — August 2010: Swedish prosecutor issues arrest...

Stockpiling boosted UK economy ahead of initial Brexit date

May. 10, 2019 5:43 AM EDT

LONDON (AP) — The British economy expanded by a solid quarterly rate of 0.5% in the first three months of the year as firms geared up for the long-anticipated Brexit date. However, that boon is set to diminish in coming months and growth is expected to ease as the country hurtles toward its next Brexit...

Clarification: China-France-Ship story

Apr. 30, 2019 3:30 AM EDT

BEIJING (AP) — In a story April 25, The Associated Press reported that China had complained about a French ship entering Chinese territorial waters. China's claim that the location in the Taiwan Strait was in Chinese territorial waters is based on a more ambiguous boundary than defined by international...

Recent developments surrounding the South China Sea

Apr. 30, 2019 12:09 AM EDT

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...

The Latest: Hammond says Britain a good Belt & Road partner

Apr. 26, 2019 7:57 AM EDT

BEIJING (AP) — The Latest on China's Belt and Road infrastructure building conference. (all times local): 8:00 p.m. British treasury chief Philip Hammond says Britain's finance industry would be a "natural partner" for future projects under China's Belt and Road infrastructure initiative. On the sidelines...

UK begins search for new Bank of England governor

Apr. 24, 2019 10:27 AM EDT

LONDON (AP) — The British government on Wednesday started the process to appoint the successor to Mark Carney as governor of the Bank of England, and indicated it is willing to look abroad again to get the right person. Carney, a Canadian who in July 2013 became the first foreigner to head the Bank of...