ECONOMY

Traders at work at ETX Capital work in central London on Monday. Financial markets in the U.K. and around the world have been in turmoil since the Brexit vote last week.

Brexit Makes Investors Nervous, But U.K. Recession Isn't Certain

5:25pm June 28, 2016

by Jim Zarroli

Last week's Brexit vote sent financial markets tumbling. It also raised questions about the future of the U.K. economy. Analysts now expect slower growth but not an immediate tumble into recession.

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Volkswagen Reaches $14.7 Billion Settlement In Emissions Cheating Scheme

5:25pm June 28, 2016

by Sonari Glinton

Volkswagen agreed to pay up to $14.7 billion to settle major claims in the U.S. against the company over its emissions cheating scheme.

Volkswagen Dealer Reacts To Emissions Scandal Settlement

4:38pm June 28, 2016

NPR's Robert Siegel talks to Matt Welch, a Volkswagen dealer in Auburn, Washington, after the company announced a settlement related to its emissions scandal.

$15 Billion Settlement Proposed In Volkswagen Emissions Scandal

12:19pm June 28, 2016

Two-thirds of the sum will be set aside to compensate U.S. owners of nearly 500,000 VW diesel cars. The company will also pay $2.7 billion into an environmental remediation fund.

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Union flags fly as banners across a street in central London on Tuesday. EU leaders attempted to rescue the European project and Prime Minister David Cameron sought to calm fears over the U.K.'s vote to leave the bloc as ratings agencies downgraded the co

Money, Hate And Hard Feelings: Brexit Fallout Continues In U.K., Europe

10:37am June 28, 2016

by Camila Domonoske

The U.K.'s credit rating has been downgraded. British police say there's been a rise in reports of hate crime incidents. And passions ran high on the floor of the EU.

President Obama is interviewed by NPR's Steve Inskeep at the White House on Monday.

Obama Cautions Against 'Hysteria' Over Brexit Vote

8:54am June 28, 2016

by Jessica Taylor

"I think that the best way to think about this is a pause button has been pressed on the project of full European integration," President Obama told NPR's Steve Inskeep.

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A Japanese mother and her 2-year-old pick up free groceries in Tokyo at the charity Second Harvest. Japan has a limited safety net for the poor and the economy is still struggling to gain traction under Prime Minister Shinzo Abe.

Halfway Around The World, Brexit Hits Japan's Already Soft Economy

6:40am June 28, 2016

by Elise Hu

The world's third largest economy is still struggling to gain traction under Prime Minister Shinzo Abe. The British decision to leave the European Union has delivered another blow.

British Chancellor of the Exchequer George Osborne, the United Kingdom's head financial official, leaves after making a statement at the Treasury in London on Monday.

What To Know About Brexit Today

11:40pm June 27, 2016

by Peter Kenyon

Britain's top political parties are scrambling to find new leaders as lame duck Prime Minister David Cameron heads to Brussels to attend European Commission meetings and reassure continental allies.

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'This Is Going To Be Bad': Economist Reacts To Brexit Vote

6:30pm June 27, 2016

by Jacob Goldstein

In the campaign leading up to the Brexit vote, economist Tim Harford played the role of independent fact checker. Now that it has passed, he's letting out some strong feelings.

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In the wake of the Brexit vote, concerns are building about London's status as a center of international banking.

How Will Brexit Affect London's Status As A Global Financial Center?

6:06pm June 27, 2016

by Jim Zarroli

When the U.K. voted to leave the EU, a lot of questions were left unanswered. London banks do an enormous amount of international business, but with the doors to Europe shutting that could change.

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