While You Were Sleeping: 5 stories you might have missed, June 25 edition

Brexit aftermath: Shocked EU tells Britain to leave quickly

A stunned EU 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 the bloc wants to move on swiftly, EU chiefs told Britain in a strongly-worded joint statement to "give effect to this decision of the British people as soon as possible, however painful that process may be."

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World stocks tumble as Britain votes for EU exit

Global stock markets lost about US$2 trillion (S$2.7 trillion) in value 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 blow to investor confidence and the uncertainty the vote has sparked could keep the Federal Reserve from raising interest rates as planned this year, and even spark a new round of emergency policy easing from major central banks.

Stocks tumbled in Europe. Frankfurt and Paris each fell 7 per cent to 8 per cent. London’s FTSE, however, dropped 3.2 per cent, with some investors speculating that the plunge in sterling could benefit Britain’s economy.

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US stocks plunge on Brexit; Dow falls 611 points

US stocks dived after Britain's surprise vote to leave the European Union, joining a global equity rout amid rising uncertainty about the future of Europe.

The Dow Jones Industrial Average slumped 3.4 per cent to 17,399.86.

The 611-point drop was the index's biggest single-day point loss in nearly five years.

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Europeans in Britain worry about future after Brexit vote

The vote by Britons to quit the EU has unsettled many of the three million Europeans who have made Britain their home and raised questions about their future in a country where many have lived for years.

"I'm scared," said Polish national Ella Vine, 31, chief executive of a health-care charity, who has been in Britain for nine years.

"I can do nothing. I don't know what will be the position of people like me - it's a disaster."

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Brexit aftermath: British 'Leave' a final nail in the coffin for stalled US-EU TTIP trade deal

Britain's looming exit from the European Union is another huge setback for negotiations on a massive US-EU free trade deal that were already stalled by deeply entrenched differences and growing anti-trade sentiment on both continents.

The historic divorce launched by Thursday's vote will almost certainly further delay substantial progress in the Transatlantic Trade and Investment Partnership (TTIP) talks as the remaining 27 EU states sort out their own new relationship with Britain, trade experts said.

With French and German officials increasingly voicing scepticism about TTIP's chances for success, the United Kingdom's departure from the deal could sink hopes of a deal before President Barack Obama leaves office in January.

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