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British PM Theresa May seeks lifeline after bruising election result

British PM Theresa May seeks lifeline after bruising election result

May lost her majority in the House of Commons in last week's election and is looking to get the backing of the DUP's 10 lawmakers. The talks were paused over the General Election campaign. Davis said the government had looked at contingency plans for walking away without a deal and it was an important option in order to get the best deal for Britain.


Panneerselvam dissolves panel formed for merger of AIADMK factions

Panneerselvam dissolves panel formed for merger of AIADMK factions

Panneerselvam has dissolved the seven-member panel that he had formed for holding merger talks between two rival AIADMK groups, ending any hope of immediate unity within the party. A source in the OPS camp said that ministers had in private agreed that they would sack Sasikala and family from party, but never actually did anything about it.


FTSE soars on sterling weakness, silver linings after election shock

FTSE soars on sterling weakness, silver linings after election shock

The surprise of a result that raised questions about how Britain will advance with its plan to leave the European Union , and whether any party can form a stable government, sent the pound to eight-week lows against the dollar and its lowest levels in seven months versus the euro.