One in ten German firms present in Britain plans to stop investing in the island nation even before it definitively leaves the European Union

German firms believe Brexit “will seriously damage business with the United Kingdom,” said Eric Schweitzer, president of the Association of German Chambers of Commerce and Industry (DIHK), which surveyed 2,200 internationally active companies. Some nine percent of firms who have Read more

Britain’s Finance Minister Philip Hammond said Monday that a transitional arrangement could be “helpful” to smooth the country’s exit from the European Union.

The government intends to begin the formal exit process by the end of March, starting the clock ticking on a two-year deadline to negotiate its departure and future relationship with the bloc. Hammond said there was an “emerging view” that Read more