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Jun 10, 2015

UK’s Osborne seeks safeguards against EU’s ‘ever closer union’ mantra

LONDON, June 10 (Reuters) – Britain wants a guarantee from
the European Union that it will not be penalised for remaining
outside the euro zone, finance minister George Osborne said on
Wednesday, setting out one key demand in London’s renegotiation
with the bloc.

Britain’s membership of the EU will be put to a referendum
before the end of 2017 once Prime Minister David Cameron and
Osborne, his most senior political ally, have renegotiated the
country’s ties to the bloc.

Jun 9, 2015

Risks for Cameron revealed as MPs take on EU referendum plans

LONDON (Reuters) – Members of Parliament were expected on Tuesday to back Prime Minister David Cameron’s plan for a referendum on Britain’s EU membership, but a contentious debate revealed passions that could split his Conservative Party and re-open Scotland’s bid for independence.

Cameron, seeking to put an end to a decades-old rift within his party over Britain’s place in Europe, has promised to negotiate a new settlement with Brussels and hold a referendum by the end of 2017.

Jun 9, 2015

Risks for Cameron revealed as lawmakers take on EU referendum plans

LONDON (Reuters) – Lawmakers were expected on Tuesday to back Prime Minister David Cameron’s plan for a referendum on Britain’s EU membership, but a contentious debate revealed passions that could split his Conservative Party and re-open Scotland’s bid for independence.

Cameron, seeking to put an end to a decades-old rift within his party over Britain’s place in Europe, has promised to negotiate a new settlement with Brussels and hold a referendum by the end of 2017.

Jun 8, 2015

Swiss biotech Actelion hits record high on potential Shire bid

LONDON (Reuters) – Shares in Actelion (ATLN.VX: Quote, Profile, Research, Stock Buzz), Europe’s biggest biotech company, jumped 10 percent to a record high on Monday after a report Shire (SHP.L: Quote, Profile, Research, Stock Buzz) was considering a $19 billion takeover of the Swiss group to boost its rare diseases business.

Shire, which is based in Ireland but has most operations in the United States, is a serial acquirer in a consolidating healthcare sector, which has seen a record $253 billion of deals so far this year.

Jun 7, 2015

Obama says stay, but some Cameron MPs prepare to back UK exit from EU

LONDON (Reuters) – More than 50 lawmakers in Prime Minister David Cameron’s Conservative Party launched a campaign to back Britain’s exit from the EU unless he can get it to adopt radical reforms, even as U.S. President Barack Obama argued in favor of staying.

Cameron, riding high after a surprise outright victory in last month’s parliamentary election, wants to claw back powers from the European Union before holding a referendum by the end of 2017 on whether Britain should stay or leave.

Jun 7, 2015

International flotilla rescues 5,900 from Mediterranean in a weekend

ROME/LONDON (Reuters) – An international rescue fleet plucked almost 5,900 migrants from rickety boats making the perilous sea crossing for North Africa to Europe on Saturday and Sunday, Italy’s coastguard said.

The British warship Bulwark assisted in picking up more than 1,000 refugees, including 10 pregnant women, the Ministry of Defense said.

Jun 7, 2015

More than 50 lawmakers from UK PM Cameron’s party ready to join EU exit campaign

LONDON (Reuters) – British Prime Minister David Cameron has been challenged by a group of over 50 lawmakers from his Conservative Party who are prepared to join a campaign backing Britain’s exit from the European Union unless he achieves radical changes in the bloc.

The lawmakers on Sunday launched a new political group called Conservatives for Britain (CfB), which will support Cameron’s bid for reform while urging an end to EU membership unless significant changes are achieved.

Jun 7, 2015

International effort underway to rescue 10 migrant boats

LONDON/ROME (Reuters) – British, Swedish, Spanish and Italian ships are currently en route to help about 10 migrant boats that called for assistance on Sunday, the Italian coastguard said, following the rescue of thousands of others in the Mediterranean this weekend.

The British warship HMS Bulwark launched a mission to rescue at least 500 migrants, the Ministry of Defence said in a statement. The MoD said a helicopter had identified four migrant vessels in distress.

Jun 7, 2015

More than 50 MPs from UK PM Cameron’s party ready to join EU exit campaign

LONDON (Reuters) – British Prime Minister David Cameron has been challenged by a group of over 50 members of parliament from his Conservative Party who are prepared to join a campaign backing Britain’s exit from the European Union unless he achieves radical changes in the bloc.

The MPs on Sunday launched a new political group called Conservatives for Britain (CfB), which will support Cameron’s bid for reform while urging an end to EU membership unless significant changes are achieved.

Jun 4, 2015

UK to sell Royal Mail stake, targets 1.5 billion pounds

LONDON (Reuters) – Britain will sell its 30 percent stake in postal operator Royal Mail, currently worth about 1.5 billion pounds, as it renews its drive to wipe out the budget deficit, Chancellor George Osborne said on Thursday.

The sale was announced alongside a further 3 billion pounds of debt-reduction measures as Osborne said he was redoubling his efforts to fix the public finances after his Conservative party’s surprise election win in May.