May to Reboot Brexit Plan by Requesting Transition Period (news: 22/09/17)

Today's press

• May to Reboot Brexit Plan by Requesting Transition Period

  U.K. Prime Minister Theresa May will reboot her Brexit strategy on Friday by proposing a period of transition after the split with the European Union even if that means continuing to send money to Brussels and observing its rules until 2021.

• Without U.S., 11 nations in TPP inch closer to a deal

  TOKYO (Reuters) - The 11 nations remaining in the Trans-Pacific Partnership after the United States withdrew have inched closer to a comprehensive deal, offering hope that major countries can maintain free trade in the face of U.S. protectionism, a negotiator said on Friday.

• Mastercard Hints at Plans for Blockchain Settlement System

  The U.S. Patent and Trademark Office (USPTO) published a new application from the financial giant this week that outlines a solution for a "uniform settlement system" – one that would help ease some of the friction involved with business-to-business payments. Specific issues cited in the application include growing data storage demands and the overall volume of transactions.

• S&P says downgraded China as credit growth still too fast

  BEIJING (Reuters) - China’s attempts to reduce risks from its rapid buildup in debt are not working as quickly as expected and credit growth is still too fast, S&P Global Ratings said on Friday, a day after it downgraded the country’s sovereign credit rating.

• North Korea jitters ease as focus moves to Brexit speech

  LONDON (Reuters) - Jitters over a fresh exchange of barbs between North Korea and the United States eased in Europe on Friday as strong economic data supported European stocks, and investors' focus turned to a planned speech by Britain's prime minister on Brexit.