world economy - updates

Rappler's latest stories on world economy

ARTICLE FINDER

Novel coronavirus puts 'fragile' global recovery at risk – IMF to G20

Feb 24, 2020 - 12:35 AM

(3rd UPDATE) 'Even in the case of rapid containment of the virus, growth in China and the rest of the world would be impacted,' warns International Monetary Fund chief Kristalina Georgieva

This photo taken on February 20, 2020 shows a estaurant worker wearing protective clothing as a preventive measure against the COVID-19 coronavirus passing a bag of food to a customer on the street outside their restaurant in Beijing. - Restaurants are taking a huge hit as many people across the country of 1.4 billion have been either under some form of quarantine or are reluctant to venture outside since late January over fears of contagion. (Photo by GREG BAKER / AFP) / TO GO WITH: China health virus economy food, FOCUS by Beiyi SEOW

Virus hits shipping, spreading global economic strain

Feb 23, 2020 - 5:05 PM

As the novel coronavirus spreads, figures provided by cargo ship traffic paint a gloomy picture

A cargo ship loaded with containers makes its way at a port in Qingdao in China's eastern Shandong province on January 14, 2020. - China's trade surplus with the United States narrowed last year as the world's two biggest economies exchanged punitive tariffs in a bruising trade war, official data showed on January 14, on the eve of a deal to ease tensions. (Photo by STR / AFP)

Saudi G20 gathering weighs coronavirus threat to global economy

Feb 23, 2020 - 7:00 AM

G20 finance ministers and central bank governors gather amid growing alarm over the novel coronavirus

Managing Director of the International Monetary Fund Kristalina Georgieva arrives for a Welcome Dinner at the Murabba Palace in Riyadh on February 22, 2020 during the G20 finance ministers and central bank governors meeting. (Photo by FAYEZ NURELDINE / AFP)

IMF warns China virus hitting a fragile global economy

Feb 20, 2020 - 9:15 AM

'The truth is that uncertainty is becoming the new normal,' says International Monetary Fund Managing Director Kristalina Georgieva

This photo taken on February 14, 2020 shows people walking along a street in Melbourne's Chinatown. - Bustling century-old Chinatowns from Melbourne to San Francisco have fallen quiet and businesses are struggling to survive as fears over the deadly novel coronavirus outbreak ripple around the world. (Photo by William WEST / AFP) / TO GO WITH Australia-China-virus-health-economy,FOCUS by Sean GLEESON

World Bank to lower global growth forecast over virus outbreak

Feb 05, 2020 - 3:55 PM

The World Bank says it will revise its estimates downward 'for at least the first part of 2020,' as the novel coronavirus outbreak threatens global supply chains

TRADE TENSIONS. A container ship sits in the San Francisco Bay on May 13, 2019, in Oakland, California. The United States and China are locked in an escalating trade dispute. File photo by Justin Sullivan/Getty Images/AFP

Novel coronavirus could also sicken global economy

Feb 04, 2020 - 10:10 PM

With China 'at the heart of many global supply chains,' analysts warn the novel coronavirus outbreak could put a dent in the world economy

A general view shows buildings in the Chinese city of Shenzhen, as seen from the Lo Wu MTR station, hours before the closing of the Lo Wu border crossing in Hong Kong, on February 3, 2020, amid an outbreak of a deadly SARS-like virus which began in the Chinese city of Wuhan. - Hong Kong announced it was closing all but two land crossings with the Chinese mainland on February 3 to slow the spread of a deadly new coronavirus as medics staged strikes calling for the border to be completely sealed. (Photo by Anthony WALLACE / AFP)

U.S. Fed watching global economy for signs of infection from virus

Jan 30, 2020 - 2:45 PM

The United States Federal Reserve says 'there will clearly be implications' for Chinese output, but it is still 'very uncertain' how far it will spread

'Green Swan': Bankers warn of climate change risks

Jan 21, 2020 - 9:28 AM

Climate risks could generate a 'green swan' – a reference to the concept of an unpredictable and devastating 'black swan' event developed by philosopher Nassim Nicholas Taleb

Demonstrators hold placards during a protest against climate change on April 6, 2019 in Lausanne. Photo by Fabrice Coffrini/AFP

IMF trims global growth estimates 2020-21 but sees improving outlook

Jan 21, 2020 - 9:07 AM

The Washington-based global lending institution cautions that outcomes 'depend to an important extent on avoiding further escalation' between Washington and Beijing

IMF. In this file photo taken on September 4, 2018, the logo of the International Monetary Fund (IMF) is seen at the IMF headquarters in Washington, DC. (Photo by Jim Watson/AFP)

Iraq warns of economic 'collapse' if Trump blocks oil cash

Jan 13, 2020 - 1:57 PM

'We're an oil-producing country. Those accounts are in dollars. Cutting off access means totally turning off the tap,' an first Iraqi official says

US President Donald Trump speaks from the White House on January 8, 2020 in Washington, DC. (Photo by Win McNamee/Getty Images/AFP)

Global economy faces fragile recovery beset by risks – World Bank

Jan 09, 2020 - 6:25 PM

The World Bank projects the global economy will grow by 2.4% in 2020. But forecasts for nearly every country are cut compared to previous estimates.

Global economic outlook 'precarious,' no room for mistakes, IMF warns

Oct 15, 2019 - 11:34 PM

The US-China trade war alone is estimated to shrink the world economy by 0.8% in 2020, the International Monetary Fund says

GLOBAL ECONOMY. The International Monetary Fund logo is seen 05 April 2007 in Washington, DC.  File photo by Tim Sloan/AFP

New IMF chief Georgieva says world suffering 'synchronized slowdown'

Oct 08, 2019 - 11:28 PM

Kristalina Georgieva also calls for a ramp-up in carbon taxes to address the other challenge facing the global economy: climate change

IMF. New IMF Managing Director Kristalina Georgieva, speaks about the key issues to be addressed at the upcoming IMF / World Bank Annual Meetings, at the International Monetary Fund headquarters on October 8, 2019 in Washington, DC. Photo by Mark Wilson/Getty Images/AFP

U.N. calls for 'Global Green New Deal' to boost world economy

Sep 26, 2019 - 4:35 PM

The United Nations says countries must enable trillions of dollars in public sector investments to help reboot the global economy and counter climate change

Protests to greet G7 leaders as they discuss Amazon fires, trade

Aug 24, 2019 - 1:15 PM

(UPDATED) United States President Donald Trump and his fellow G7 leaders will meet in France as wildfires rage in the Amazon rainforest and trade tensions heat up

Oxfam activists wearing firefighters costumes and "big head" masks depicting (from 2nd-L) British Prime Minister Boris Johnson, US President Donald Trump, French President Emmanuel Macron, Canadian Prime Minister Justin Trudeau, Japan's Prime Minister Shinzo Abe and German Chancellor Angela Merkel perform druing a demonstration in Biarritz on August 23, 2019, on the eve of the Group of Seven (G7) summit. (Photo by Bertrand GUAY / AFP)

IMF downgrades world growth, warns of 'precarious' 2020

Jul 23, 2019 - 11:00 PM

The International Monetary Fund trims its global growth forecasts to 3.2% in 2019 and 3.5% in 2020, as trade tensions persist

IMF's Lagarde: Resolving trade tensions 'immediate priority' for G20

Jun 06, 2019 - 6:00 PM

International Monetary Fund chief Christine Lagarde describes the United States and China's tit-for-tat tariffs as 'self-inflicted wounds that must be avoided'

Signs with the US flag and Chinese flag are seen outside a store selling foreign goods in Qingdao in China's eastern Shandong province on September 19, 2018. - China on September 18 announced tariffs on US goods worth $60 billion in retaliation for President Donald Trump's decision to slap duties on $200 billion in Chinese products next week. (Photo by STR / AFP) / China OUT

World Bank slashes 2019 growth as global trade slackens

Jun 05, 2019 - 9:25 AM

The greatest danger on the horizon is the prospect of worsening trade clashes between major world economies

OAKLAND, CALIFORNIA - MAY 13: A container ship sits in the San Francisco Bay on May 13, 2019 in Oakland, California. China retaliated to U.S. President Donald Trump's 25 percent tariffs on $250 billion of Chinese goods entering the United States with a 25 percent tariff on $60 billion of U.S. goods entering China. The Dow Jones Industrial Average plunged over 700 points on the news in morning trading. Justin Sullivan/Getty Images/AFP

OECD cuts global growth forecast as U.S.-China tensions rise

May 21, 2019 - 10:00 PM

OECD Secretary General Angel Gurria says there is 'an urgent need' for Washington and Beijing to bury their differences

Angel Gurria, General Secretary of the Organisation for Economic Co-operation and Development (OECD), gestures as he presents the OECD Economic Outlook at the OECD headquarters in Paris on May 21, 2019. - Global trade tensions and political uncertainty are weighing on the world's economy, the OECD warned on May 21, 2019, cutting its global growth forecast for this year to 3.3 percent, down from the 3.5 percent it predicted in November. (Photo by ERIC PIERMONT / AFP)

U.S.-China trade talks resume; Trump says deal still 'possible'

May 10, 2019 - 7:30 AM

US and Chinese representatives return to the bargaining table amid a sudden flare-up in hostilities, while President Donald Trump is still hopeful of salvaging a trade deal

Chinese Vice Premier Liu He waves as he leaves the Office of the United States Trade Representative after tariff negotiations in Washington DC on May 9, 2019. (Photo by ANDREW CABALLERO-REYNOLDS / AFP)

IMF chief says U.S.-China tensions 'threat' to world economy

May 07, 2019 - 8:50 PM

International Monetary Fund Managing Director Christine Lagarde also says recent 'rumors and tweets' make an agreement between the United States and China less likely

IMF Managing Director Christine Lagarde addresses the Paris Forum at the Economy Ministry in Paris on May 7, 2019. (Photo by ERIC PIERMONT / AFP)

U.S. Fed now expects no rate hikes in 2019

Mar 21, 2019 - 1:50 PM

The United States Federal Reserve's surprising change of direction follows the 4 rate increases in 2018

Federal Reserve Chairman Jerome Powell during a press briefing following a Federal Open Market Committee meeting March 20, 2019 in Washington, DC. - Powell said Wednesday it could be "some time" before the US central bank will have to change the key lending rate. The Fed kept the benchmark borrowing rate unchanged and forecast no more increases this year. (Photo by Brendan Smialowski / AFP)

Fed to hold fire on interest rates as world economy slows

Mar 17, 2019 - 11:10 PM

Economists also expect the United States Federal Reserve to once again lower the number of rate hikes projected in 2019

U.S. FEDERAL RESERVE. Chairman Jerome Powell speaks during a news conference in Washington, DC, on March 21, 2018. File photo by Alex Wong/Getty Images/AFP

IMF warns of global economic 'storm' as growth undershoots

Feb 10, 2019 - 11:00 PM

'The bottom line – we see an economy that is growing more slowly than we had anticipated,' says International Monetary Fund Managing Director Christine Lagarde

Christine Lagarde (R) , Managing Director and Chairwoman of the International Monetary Fund, speaks to journalist Richard Quest, during the opening session of the World Government Summit in Dubai, on February 10, 2019. (Photo by KARIM SAHIB / AFP)

Climate action could add $26 trillion to world economy – study

Sep 05, 2018 - 6:59 PM

The shift would involve change in 5 key areas: the development of clean energy systems, improved urban planning, a shift towards more sustainable agriculture, smart water management and decarbonising industry.

CLIMATE ACTION. Visitors look at a sphere displayed at the pavillion of India on November 8, 2017 during the COP23 United Nations Climate Change Conference in Bonn, Germany. File photo by Patrik Stollarz/AFP

U.S. Fed: New rate hike likely coming 'soon'

May 25, 2017 - 10:35 AM

Most analysts expect two more rate increases this year likely in June and in September but there are now doubts over that schedule

RATE HIKE. Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting on December 14, 2016 in Washington, DC. File photo by Chip Somodevilla/Getty Images/AFP

U.S. Fed raises benchmark interest rate a quarter point

Mar 16, 2017 - 7:55 AM

But US Federal Reserve Chair Janet Yellen says they have yet to discuss the potential impact of US President Donald Trump s planned tax cuts and infrastructure spending

WASHINGTON, DC - MARCH 15: Federal Reserve Board Chairwoman Janet Yellen holds a news conference following a meeting of the Federal Open Market Committee March 15, 2017 in Washington, DC. Yellen announced that the Fed raised its benchmark interest rate for the third time since the 2009 global financial crisis, earlier than markets anticipated at the beginning of this year. Chip Somodevilla/Getty Images/AFP

Citing Trump 'uncertainty,' Fed says faster rate hikes possible

Jan 05, 2017 - 1:05 PM

US President elect Donald Trump s pledge to slash taxes and ramp up infrastructure spending could boost demand above sustainable levels

WASHINGTON, DC - DECEMBER 14: Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting December 14, 2016 in Washington, DC. With unemployment low and concern over inflation on the rise, the central bank decided to raise the federal interest rate by a quarter of a percentage point, moving from 0.25-0.50 percent to a range of 0.50 and 0.75 percent. Chip Somodevilla/Getty Images/AFP

Asia-Pacific leaders defend trade against Trump tide

Nov 21, 2016 - 12:50 AM

US President elect Donald Trump s attacks on free trade deals are causing jitters in the Pacific Rim

China's President Xi Jinping (L) and others listen to US President Barack Obama (R) make a statement before a meeting November 19, 2016 in Lima, Peru. / AFP PHOTO / Brendan Smialowski

Xi warns of globalization backlash at BRICS summit

Oct 17, 2016 - 12:20 AM

Chinese President Xi Jinping says deep seated imbalances that triggered the [2008] financial crisis are far from being resolved

In this photograph released by the Indian Press Information Bureau on October 16, 2016, Indian Prime Minister Narendra Modi (R) shakes hands with Chinese President Xi Jinping at the BRICS Summit in Goa. RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / PIB" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS - NO ARCHIVE / AFP PHOTO / PIB / HO / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / PIB" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS - NO ARCHIVE

Debt mountain, weak banks imperil global economy – IMF

Oct 06, 2016 - 7:00 PM

High debt levels are costly as they often end up in financial recessions that are deeper and longer than normal recessions warns IMF Fiscal Affairs Department chief Vitor Gaspar

A man withdraws cash from an ATM machine in Athens on July 19, 2016.  The European Union and Greece hope to reach a deal on the crisis-hit country's debt mountain by the end of the year, EU economic affairs chief Pierre Moscovici said on July 18. An upcoming review of the Greek bailout in the autumn will include bad bank loans and a labour relations overhaul likely to cause social unrest. / AFP PHOTO / Kostis Ntantamis

IMF warns of protectionist threat to global growth

Oct 05, 2016 - 11:30 AM

The International Monetary Fund cuts its economic outlook for the United States but upgrades those for Japan and the eurozone

This IMF handout photo shows International Monetary Fund Economic Counsellor Maurice Obstfeld as he answers questions during the World Economic Outlook Press Conference at the IMF Headquarters during the 2016 IMF/World Bank Annual Meetings October 4, 201 in Washington, DC. / AFP PHOTO / IMF / Stephen Jaffe / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO /IMF/Stephen JAFFE" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

World Bank: Inequality threatens fight against extreme poverty

Oct 03, 2016 - 12:00 PM

The World Bank says poverty will persist if gains are not felt by the bottom 40 of the population

A picture taken on March 11, 2016 shows a beggar woman in the streets of Paris. / AFP PHOTO / JOEL SAGET

US Federal Reserve keeps key interest rate on hold

Sep 22, 2016 - 11:10 PM

Fed Chair Janet Yellen denies that politics is a factor in the decision making of the Federal Open Market Committee

Federal Reserve Chair Janet Yellen speaks during a press conference following the announcement that the Fed will leave rates unchanged, in Washington, DC, September 21, 2016. The Federal Reserve kept its benchmark interest rate unchanged for the sixth straight meeting Wednesday, saying it needs to see more signs of strength in the US economy. / AFP PHOTO / SAUL LOEB

China's Xi warns against 'empty talk' as G20 summit opens

Sep 04, 2016 - 9:00 PM

UPDATED President Xi Jinping urges his fellow world leaders to steer the global economy back to the road of strong balanced comprehensive and sustainable growth

(Front row L-R) Brazil's President Michel Temer, Indonesia's President Joko Widodo, Mexico's President Enrique Pena Nieto, South Africa's President Jacob Zuma, US President Barack Obama, German Chancellor Angela Merkel, China's President Xi Jinping, Turkey's President Recep Tayyip Erdogan, Russia's President Vladimir Putin, French President Francois Hollande, South Korea's President Park Geun-Hye, Argentina's President Mauricio Macri, India's Prime Minister Narendra Modi; (2nd Row L-R) Saudi Arabia's Deputy Crown Prince and Minister of Defense Muhammad bin Salman Al Saud, Britain's Prime Minister Theresa May, Australia's Prime Minister Malcolm Turnbull, Italy's Prime Minister Matteo Renzi, Laos' President Bounnhang Vorachith, Kazakhstan's President Nursultan Nazarbayev, Chad's President Idriss Deby, Senegal's President Macky Sall, Egypt's President Abdel Fattah al-Sisi, Japan's Prime Minister Shinzo Abe, Canadian Prime Minister Justin Trudeau, European Council President Donald Tusk, President of the European Commission Jean-Claude Juncker; (3rd row L-R) Argentina's President Mauricio Macri, (unknown), IMF Managing Director Christine Lagarde, Thailand's Prime Minister Prayut Chan-O-Cha, Singapore's Prime Minister Lee Hsien Loong, Spain's Prime Minister Mariano Rajoy, UN Secretary-General Ban Ki-Moon, and three others pose for family photo in Hangzhou on September 4, 2016. World leaders are gathering in Hangzhou for the 11th G20 Leaders Summit from September 4 to 5. / AFP PHOTO / Greg BAKER

IMF's Lagarde warns G20 to avoid 'low-growth trap'

Sep 02, 2016 - 12:00 AM

UPDATED Not since the early 1990s has the world economy been so weak for such a long time says the International Monetary Fund s Christine Lagarde

International Monetary Fund Managing Director Christine Lagarde speaks at the Center for Global Development in Washington, DC, July14, 2016, marking the 15th anniversary of the Center. / AFP PHOTO / JIM WATSON

Divided Fed wanted to keep rate 'options open'

Aug 18, 2016 - 11:25 PM

Minutes of the US Federal Reserve s July meeting show inflation is foremost on policy makers minds

(FILES) This file photo taken on August 9, 2011 shows the US Federal Reserve building in Washington, DC.  US Federal Reserve policy makers last month believed risks to the US economy had lessened but wanted to keep their interest rate policy "options open", according to minutes released August 17, 2016. / AFP PHOTO / KAREN BLEIER

Singapore cuts 2016 forecast as world economy slows

Aug 11, 2016 - 11:40 PM

The city state s gross domestic product is seen to expand 1 2 instead of 1 3

epa05291720 The Pinnacle@Duxton high rise apartments (C) pictured amongst container cranes bearing the PSA logo at the Pasir Panjang container port in Singapore, 04 May 2016. EPA/WALLACE WOON

Fed leaves rates unchanged but says US economy improving

Jul 28, 2016 - 5:00 PM

There s still the possibility of an increase in the benchmark federal funds rate by December

NEW YORK, NY - JULY 27: American flags are displayed outside the New York Stock Exchange (NYSE) during the evening of July 27, 2016 in New York City. The dollar fell Wednesday as the U.S. Federal Reserve's latest policy statement caused investors to reassess expectations for interest rate increases in the coming months. Kena Betancur/Getty Images/AFP

Brexit to drag on global growth through 2017 – IMF

Jul 19, 2016 - 10:50 PM

The International Monetary Fund now predicts global economic growth to be 3 1 this year and 3 4 in 2017

epaselect epa05387297 An investor looks at an electronic screen showing stock market movements at a securities brokerage house in Beijing, China, 24 June 2016. Chinese mainland markets traded lower, with the Shanghai composite down 0.95 percent and the Shenzhen composite down 0.10 percent in reaction to the British EU referendum. Britons in a referendum on 23 June have voted by a narrow margin to leave the European Union (EU). Media reports on early 24 June indicate that 51.9 per cent voted in favour of leaving the EU while 48.1 per cent voted for remaining in. EPA/HOW HWEE YOUNG

US economy still tracking 'modest' growth – Fed report

Jul 14, 2016 - 6:00 PM

The outlook was generally positive across broad segments of the economy including retail sales manufacturing and real estate says the US Federal Reserve

epa05344762 US Federal Reserve Chair Janet Yellen (C) attends an open meeting of the Board of Governors of the Federal Reserve System, with Vice Chair Stanley Fischer (L) and Federal Reserve Governor Daniel Tarullo (R); at the Marriner S. Eccles Federal Reserve Board Building, in Washington, DC, USA, 03 June 2016. EPA/MICHAEL REYNOLDS

At start of 2nd term, Brexit crisis challenges IMF's Lagarde anew

Jul 07, 2016 - 8:45 PM

UPDATED The EU has to do a lot more to explain what it does what it means for people says International Monetary Fund chief Christine Lagarde

CHRISTINE LAGARDE. International Monetary Fund Managing Director Christine Lagarde at the Michel Camdessus Central Banking Lecture, at the IMF Headquarters in Washington, DC., USA, June 24, 2016. File photo by Stephen Jaffe/EPA

Fed was divided in June over hiking interest rates soon

Jul 07, 2016 - 1:30 PM

Almost all participants said the weak May labor report led to growing uncertainty according to minutes of the meeting

epa05367807 US Federal Reserve Chair Janet Yellen speaks at a press conference after announcing that the Federal Reserve plans to leave interest rates unchanged in Washington, DC, USA, 15 June 2016. Yellen hinted that the Federal reserve may still increase interest rates on two occasions before the end of the year. EPA/JIM LO SCALZO

Britain dealt a dose of the Brexit blues

Jul 03, 2016 - 10:52 AM

The seismic vote has forced Britain to recognize the deep divisions within its society a profound realization that heralds a turbulent and uncertain future

A European flag is flown in front of The Elizabeth Tower which houses the "Big Ben" bell in the Palace of Westminster, as thousands of protesters gather in Parliament Square to take part in a March for Europe, through the center of London on July 2, 2016, to protest against Britain's vote to leave the EU, which has plunged the government into political turmoil and left the country deeply polarised. Photo by Niklas Halle'n/ AFP

Big business raises Brexit alarm on eve of vote

Jun 22, 2016 - 9:30 PM

Britain leaving the EU would mean uncertainty for our firms less trade with Europe and fewer jobs say the chiefs of 1 285 companies in a letter

epa05382472 Participants display placards as members of the public take part in a 'Remain In' Rally in Trafalgar Square, Central London, Britain, 21 June 2016. Britons will vote on whether to remain or leave the EU on 23 June. EPA/HAYOUNG JEON

Fed keeps interest rate steady as Brexit vote looms

Jun 16, 2016 - 4:35 PM

It is a decision that could have consequences for economic and financial conditions in global financial markets says Janet Yellen about Britain s June 23 referendum

epa05367974 US Federal Reserve Chair Janet Yellen speaks at a press conference after announcing that the Federal Reserve plans to leave interest rates unchanged in Washington, DC, USA, 15 June 2016. Yellen hinted that the Federal reserve may still increase interest rates on two occasions before the end of the year. EPA/JIM LO SCALZO

Spend for growth, OECD urges governments

Jun 02, 2016 - 12:45 AM

The Organization for Economic Cooperation and Development says there is an urgent need for governments to ramp up spending

epa05340323 OECD Secretary-General Jose Angel Gurria (C-L) with other Ministers and delegations during the meeting of the OECD (Organisation for Economic Co-operation and Development) Council at ministerial level at the organization headquarter in Paris, France, 01 June 2016. OECD Week places a central emphasis on the need for policies that strengthen productivity, and promote inclusive and sustainable growth. EPA/ETIENNE LAURENT

Brexit a 'serious risk to growth' – G7 leaders

May 27, 2016 - 3:00 PM

The comments highlight international concern over the possibility of so called Brexit as British voters prepare for a June 23 referendum to decide whether to leave the 28 country bloc

BREXIT. The United Kingdom EU (Brexit) referendum poll card is displayed in London, Britain, May 23, 2016, or a month before Britons vote whether to remain or leave the EU, on June 23. File photo by Andy Rain/EPA

Britain and the EU in facts and figures

May 26, 2016 - 12:45 AM

Should Britain remain in the European Union? Here s a look at some of the facts and figures ahead of Britain s referendum

epa05305320 British Prime Minister David Cameron delivers a speech to supporters of the 'Stronger In' campaign event in Witney, Oxfordshire, Britain, 14 May 2016. 'Stronger In' campaigns to vote to stay in the European Union. Britain will vote on whether to remain or leave the EU on 23 June 2016. EPA/WILL OLIVER/POOL

London's City finance hub braces for possible Brexit

May 25, 2016 - 1:30 PM

Big banks insurance giants trading exchanges and accounting firms prepare contingency measures in case Britain leaves the European Union

epa05265778 A general view of the financial district of the City of London, London, Britain, 18 April 2016. The debate continues in British media over the potential economic consequences the UK will face if the so-called 'Brexit' goes ahead. Britain on 23 June will vote in a referendum whether to stay or to leave the Euopean Union. EPA/HANNAH MCKAY