Global stock markets lost about $2 trillion in value on Friday after Britain voted to leave the European Union, while sterling suffered a record one-day plunge to a 31-year low and money poured into safe-haven gold and government bonds.
The top North Korean official for US relations told The Associated Press on Friday that his country is now a nuclear threat to be reckoned with, and Washington can expect more nuclear tests and missile launches like the ones earlier this week as long as it attempts to force his government's collapse through a policy of pressure and punishment.
A violent storm in eastern China that packed gale-force winds and hail killed 98 people and injured hundreds as it flattened power lines, overturned cars and ripped roofs off houses in Jiangsu province.
Reuters | Saturday June 25, 2016, WASHINGTON/NEW YORK
Britain's stunning vote to leave the European Union, buoyed by a frenzy of nationalism and populist anger, was a crushing rejection of the political elite. Republican Donald Trump hopes it is also a preview of November's US presidential election.
A day after British voters defied widespread warnings of economic and political peril should they cut ties with the European Union, the country reckoned with the consequences as markets tanked across the globe, the prime minister said he would resign and the United Kingdom felt the renewed pressure of a breakup.
On signs and in speeches, Brexit supporters emphasized one particularly resonant argument: taking their country back from the faceless bureaucrats of the European Union. Now that they've won the historic referendum, however, some of the most important details about what comes next will be determined not by British voters, but instead by the very union they want to leave.
If anyone still needed a reminder that the phrase "it can't happen here" should be struck from the lexicon of 2016, Britain's historic Brexit referendum provided one more dramatic piece of evidence. The question is how Hillary Clinton and Donald Trump and their allies interpret the results of what did happen here.
European Commission President Jean-Claude Juncker has reassured Britons working for the EU executive that their jobs are not at risk following Britain's vote to leave the European Union, an EU official said on Friday.
US President Barack Obama said Friday he was confident that Britain would make an "orderly transition" out of the European Union, and insisted the special relationship between Washington and London would not change.
A bipartisan group of lawmakers on Friday pledged to build support in the U.S. House of Representatives for legislation keeping firearms from people on terrorism watch lists, despite repeated gun control failures this week in Congress.