Feb 1, 2020 - World

The U.K. finally goes through with Brexit

Photo: Kirsty Wigglesworth/AP

An image of the clock face of Big Ben was projected on 10 Downing Street, residence of British Prime Minister Boris Johnson, as Britain officially left the European Union at 11 p.m. London time.

Why it matters: "In its biggest shift since losing its global empire, [the U.K. turns] its back after 47 years on the post-World War Two project that sought to build the ruined nations of Europe into a global power," Reuters writes.

  • "Brexit parties were held in some pubs and social clubs as well as in London's Parliament Square [below], as the country counted down." (BBC)
Photo: Jeff Mitchell/Getty Images

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Bank of England holds interest rates steady before Brexit

Governor of the Bank of England Mark Carney. Photo: Jonathan Bradt/POOL/AFP via Getty Images

The Bank of England held interest rates at 0.75% Thursday as governor Mark Carney, in his final policy meeting, said "the most recent signs are that global growth has stabilized."

Yes, but: The BOE cut its growth expectations for Britain to 1.1% for the next three years, down from 2019's 1.4%. The projections are England's lowest since World War II.

Brexit brings "Special Relationship" down to size

Illustration: Eniola Odetunde/Axios

Polls suggest Americans consider the U.K. to be their country's closest ally, a distinction prized by a succession of British leaders and supported by decades of shared history and close cooperation.

Why it matters: President Trump has reveled in Brexit Britain’s rejection of multilateralism, in general, and the EU, in particular. But the U.K.'s voice will now count for less in Brussels and Berlin, and likely in Washington as a result.

Go deeperArrowFeb 11, 2020 - World

In photos: Lunar New Year celebrated around the world

Dragon dancers celebrate in Manila, Philippines, on Jan. 25. Photo: Jes Aznar/Getty Images

Over 1.5 billion people globally are celebrating the Lunar New Year on Saturday and into the weekend, USA Today reports, as participants honor ancestors, exchange gifts of good fortune, and toast to abundance.

The backdrop: Amid the celebrations, major Chinese cities Beijing and quarantined Wuhan are banned from large gatherings and travel that are ubiquitous with the holiday, due to the growing coronavirus crisis.

Go deeperArrowJan 25, 2020