Turkey PM says Israel to pay $20 mn compensation for 2010 raid

Ten Turkish activists were killed when Israeli commandos raided the Mavi Marmara ship which was part of the Free Gaza flotilla in May 2010A breakthrough Israel-Turkey deal following six years of acrimony will see Israel pay $20 million (18 million euros) in compensation for a deadly 2010 commando raid, Turkish Prime Minister Binali Yildirim said Monday. The deal will also see the two countries exchange ambassadors "as soon as possible," Yildirim told a press conference in Ankara. Israel has agreed to comply with two key Turkish conditions for a restoration in ties -- an apology for the commando raid on a Gaza-bound aid flotilla, which killed 10 Turkish activists, and compensation.



Merkel wants calm approach to Brexit, spokesman says

German Chancellor Angela Merkel is pursuing "calm and reasoned" approach to relations with Britain after its vote to leave the European Union, a government spokesman said on Monday. Asked whether Merkel's approach was "soft" spokesman Steffen Seibert said the chancellor was being "calm." "We need to be in a position, after the completion of a process that is coming now, to continue working closely, with trust and well with this country," he told a regular government news conference.
Britain can cope with EU exit turmoil, finance chief says

Britain's Chancellor of the Exchequer George Osborne arrives for a news conference in central LondonBy William James LONDON (Reuters) - Britain's finance minister said on Monday the country's economy was strong enough to cope with volatility caused by its vote to leave the European Union, whose leaders demanded a quick divorce and promised no special treatment. With financial markets shaken by the shock outcome of Thursday's referendum, Chinese Premier Li Keqiang said uncertainties over the global economy had heightened and called for a "united, stable EU, and a stable, prosperous Britain". On the financial markets, the pound has come under siege and the euro has been struggling since the referendum, in which 52 percent of voters backed a British exit from the EU, or Brexit.



Britain doing everything it can to restore confidence: minister

Britain's government is doing everything it can to provide stability and restore confidence for businesses and investors following last week's vote to leave the European Union, government minister Anna Soubry said on Monday "The most important thing is to achieve stability... We need to restore confidence and we need to make sure Britain is open for business," Soubry, a junior business minister, told broadcasters.
No informal EU talks before Britain invokes Article 50, says Germany

German Chancellor Merkel attends a session of the EU committee of the German lower house of parliament, the Bundestag, headed by Krichbaum in BerlinBERLIN (Reuters) - There will be no informal discussions between Britain and the European Union before the British government has invoked formal divorce proceedings by making the Article 50 request, a German government spokesman said on Monday. "One thing is clear: before Britain has sent this request there will be no informal preliminary talks about the modalities of leaving," Steffen Seibert, spokesman for Chancellor Angela Merkel, told a regular news conference. ...





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