SEOUL, South Korea (AP) — Global stock markets were sharply higher Wednesday as worries eased about stepping into an era of uncertainty following Britain's referendum on EU membership. The British pound rose.
By Kieran Guilbert DAKAR (Thomson Reuters Foundation) - West Africa nations must crack down on foreign fleets fishing illegally off its Atlantic coastline and build up their fisheries to protect the livelihoods of millions of people, a leading thinktank said on Wednesday. Overfishing by foreign vessels is driving many species towards extinction and destroying the livelihoods of fishing communities in countries such as Ghana, Liberia and Mauritania, said the London-based Overseas Development Institute (ODI). Corruption and few resources for monitoring fishing mean foreign trawlers often venture into areas near the coast which are reserved for local fishermen, the ODI said in a report.
By William Schomberg HUNTINGDON, England (Reuters) - Britain and the European Union are likely to take years to rewrite the rules that govern their business ties after the UK voted to leave the bloc. The managing director of Encocam, a company that makes crash-test dummies, had planned to hire 120 people between now and 2018 to work at the company's design and production base near Cambridge. The firm, which currently employs 172 people, immediately began enquiring about grants to open a design center in Spain and is considering Portugal, Ireland, Germany and Poland too.