BREAKING NEWS

France triggers $57 million contingency plan for no-deal Brexit

France has put in motion a contingency plan to deal with an eventual "hard Brexit," Prime Minister Edouard Philippe said on Thursday, including 50 million euros ($57 million) of investments to help ports and airports cope.

"What's certain is that the scenario of a no-deal Brexit is less and less unlikely. That’s why... I have decided to trigger the plan for a no-deal Brexit," Philippe told reporters.

Prime Minister Theresa May's two-year attempt to forge an amicable divorce was crushed by the British parliament on Tuesday in the biggest defeat for a British leader in modern history.