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(MENAFN - AFP) Slowing growth, a return to protectionism, questioning of free trade agreements and doubts over the stability of the EU: the world economy is entering a period of deep uncertainty following Brexit.

"We are moving into completely uncharted territory where the only certainty will be uncertainty," said Jean-Michel Six, chief economist for Europe at SP Global Ratings.

Six ...

(MENAFN - AFP) Mexico's government announced on Friday a $1.68 billion budget cut to deal with the fallout from Britain's vote to leave the European Union.

At the same time, the Latin American country said it would negotiate a free trade deal with Britain if London severs all commercial agreements with the EU.

"The British people have surprised the world," Finance Minister ...

(MENAFN - AFP) A stunned EU on Friday urged Britain to leave as "soon as possible" amid fears the devastating blow to European unity could spark a chain reaction of further referendums.

German Chancellor Angela Merkel and French President Francois Hollande led calls for the European Union to reform in order to survive a traumatic divorce with Britain.

In a sign that ...

(MENAFN - AFP) The world's major central banks rushed Friday to deal with financial markets chaos arising from Britain's shock referendum decision to quit the European Union.

Britain has voted to leave the EU by 52 percent to 48 percent, sparking markets turmoil and the resignation of Prime Minister David Cameron -- who had backed the failed "Remain" campaign.

The news ...

(MENAFN - AFP) British voters dealt a seismic blow to the European Union by voting to leave the bloc, triggering the resignation of Prime Minister David Cameron Friday and sending world financial markets into freefall.

The shock outcome of Thursday's historic referendum could have a knock-on effect on other EU members battling hostility to Brussels and possibly lead to the ...

(MENAFN - AFP) Britain's shock vote to pull out of the European Union wiped $2.1 trillion from global equity markets Friday as traders panicked in the face of a new threat to the global economy.

Investors fled to the safety of gold, the yen and blue-chip bonds as the seismic shift in the structure of Europe left many huge questions hanging, including who will lead Britain ...

(MENAFN - AFP) Bank employee Francesca Crimp broke down in tears on Friday after Britain voted to leave the European Union, triggering an earthquake in the City of London financial hub.

"I'm scared, I voted for my son's future and I feel so uncertain now. I'm just absolutely devastated," said Crimp, who works for a US bank.

"This multi-cultural city that I live in is ...

(MENAFN - AFP) US investment bank JPMorgan Chase on Friday warned that it could relocate UK jobs abroad following Britain's vote to leave the European Union.

"In the months ahead... we may need to make changes to our European legal entity structure and the location of some roles," said a staff memo obtained by AFP. JPMorgan employs 16,000 people in Britain, while chairman ...

(MENAFN - AFP) Donald Trump hailed Britain's vote to leave the EU as "fantastic" shortly after arriving in Scotland on Friday for his first international trip since becoming the presumptive Republican presidential nominee.

"I think it's a great thing. I think it's a fantastic thing," he told reporters.

Ahead of his visit, Trump had told Fox News that he felt Britain ...

(MENAFN - AFP) Switzerland's central bank said Friday it had "intervened" in the foreign exchange market to stabilise the Swiss franc, considered a safe haven currency, following the so-called Brexit vote.

"Following the United Kingdom's vote to leave the European Union, the Swiss franc came under upward pressure," the bank said in a statement, adding that it had "intervened ...

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