Brexit News Archive: 10 Apr 2019

EU Summit update: Seventeen countries in favour of LONG Brexit extension - BBC

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FX Street   |   Wed, 10 Apr 2019 21:55:38

Most EU member states said to back long Brexit extension - Reports

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FX Street   |   Wed, 10 Apr 2019 21:25:03

Macron speaks against long Brexit delay at EU summit: diplomats

French President Emmanuel Macron told his European Union peers on Wednesday any Brexit delay beyond June 30 would undermine the bloc, diplomatic sources said.
Reuters   |   Wed, 10 Apr 2019 21:12:18

Snap! Jolly Merkel breaks Brexit summit ice with May

Angela Merkel says she is determined that Brexit must not poison relations between Britain and the European Union and went out of her way at a crisis summit on Wednesday to show her lighter side to Theresa May.
Reuters   |   Wed, 10 Apr 2019 20:36:59

Brexit delay could extend term of Juncker Commission: EU official

European Union officials are considering an extension of the EU commission's mandate should Britain be granted a long delay to its planned exit date, a senior official said on Wednesday.
Reuters   |   Wed, 10 Apr 2019 20:14:22

No-deal Brexit not the worst option, French official says

A departure of Britain from the EU without a deal might be preferable than obstruction of EU operations by the British if they were to remain a member against their will, a spokesman for French President Emmanuel Macron said on Wednesday.
Reuters   |   Wed, 10 Apr 2019 20:04:05

Brexit delay: Theresa May sets herself up to stay on as prime minister until 2020 as EU eyes long extension

PM will only quit when withdrawal agreement is approved, downplays effect of long delay
Jon Stone / The Independent   |   Wed, 10 Apr 2019 19:38:00

UK PM May open to longer Brexit delay if it can be cut short: EU officials

Prime Minister Theresa May signaled to other EU leaders on Wednesday she was open to accepting a longer Brexit delay if she could cut it short, EU officials said, describing her performance at a summit as "more solid than usual".
Reuters   |   Wed, 10 Apr 2019 19:15:11

EU steps up defenses against British meddling during Brexit extension: draft

European Union will have more meetings without Britain and will demand the country refrains from undermining the bloc "in particular when participating in the decision-making processes" during an extension, according to updated draft conclusions.
Reuters   |   Wed, 10 Apr 2019 19:14:37

EU steps up defences against British meddling during Brexit extension - draft

European Union will have more meetings without Britain and will demand the country refrains from undermining the bloc "in particular when participating in the decision-making processes" during an extension, according to updated draft conclusions.
Reuters   |   Wed, 10 Apr 2019 19:00:28

Brexit: Draft summit conclusions allow EU 27 for more meetings without UK during extension

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FX Street   |   Wed, 10 Apr 2019 18:59:01

A Brexit Delay? Time to Head to the Shops

A delayed EU divorce date could give consumers a break from the negative news that makes them less inclined to spend.
Washington Post   |   Wed, 10 Apr 2019 18:56:42

Antonio Tajani warns UK that EU election 'is not a game'

The European Parliament president takes a dim view of Theresa May's half-in, half-out stance on the EU election.
Maïa de La Baume / Politico   |   Wed, 10 Apr 2019 18:50:09

PM May open to longer Brexit delay if it can be cut short - EU officials

Prime Minister Theresa May signalled to other EU leaders on Wednesday she was open to accepting a longer Brexit delay if she could cut it short, EU officials said, describing her performance at a summit as "more solid than usual".
Reuters   |   Wed, 10 Apr 2019 18:48:54

May signals acceptance of long Brexit delay

Macron steps up pressure for shorter extension, but Merkel calls for 'decent amount of time'
FT   |   Wed, 10 Apr 2019 18:36:38

EU wrangles over new Brexit delay sought by May

European Union leaders were poised to grant Prime Minister Theresa May a second delay to Britain's fraught exit at an emergency summit on Wednesday, after arguing over how long and on what terms.
Reuters   |   Wed, 10 Apr 2019 17:55:05

GBP/USD: Perched bid on 1.31 handle leading into FOMC minutes (Eyes on EU Summit for Brexit developments)

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FX Street   |   Wed, 10 Apr 2019 17:44:24

To the toughest sales pitch in the nation's history, enter Theresa May, its worst ever salesperson

If you're struggling to understand just how far away 53 million light years really is, think of the black hole at the centre of the M87 galaxy as the questions Theresa May was asked, and little old us, here on earth, as her answers
Tom Peck / The Independent   |   Wed, 10 Apr 2019 17:44:00

May ditches plan to bring Brexit bill back to Commons

Slow progress in Labour talks thwarts a Thursday reintroduction of withdrawal agreement
FT   |   Wed, 10 Apr 2019 17:40:32

GBP/USD Technical Analysis: Cable advancing to 3-day's high amidst Brexit saga and ahead of FOMC

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FX Street   |   Wed, 10 Apr 2019 17:37:34

UK watchdog 'can't rule out' matching EU no-deal Brexit share trading curb

Britain's markets watchdog said it could not rule out introducing curbs on where stocks can be traded in the event of a no-deal Brexit.
Reuters   |   Wed, 10 Apr 2019 17:37:10

Ex-Brexit minister could shun own party in Euro elections

Conservative MP David Jones has refused to rule out voting for another party in a European election.
BBC   |   Wed, 10 Apr 2019 17:32:31

Brexit: Leo Varadkar hints at UK say in future trade deals

Leo Varadkar suggests the UK would be able to have a say in trade deals if it forms a customs union with the EU.
BBC   |   Wed, 10 Apr 2019 17:29:44

Theresa May warms to Brexit 'flextension'

The risk of a no-deal Brexit this Friday appears to have receded, but debate continues on what date should be set for departure.
Charlie Cooper / Politico   |   Wed, 10 Apr 2019 17:19:18

Tsipras to support flexible Brexit extension at EU summit

Prime Minister Alexis Tsipras is expected to support a flexible extension to the Brexit deadline at Wednesday's emergency European Council session in Brussels, according to government sources cited by state-run news agency ANA-MPA.
Kathimerini   |   Wed, 10 Apr 2019 17:11:54

When and how will Theresa May go?

PM has promised to stand down once Brexit deal approved - but events could intervene
FT   |   Wed, 10 Apr 2019 17:07:53

UK economy grows as pre-Brexit stockpiling lifts factories

Britain's Brexit-bound economy unexpectedly grew in February, helped by manufacturers rushing to meet orders from clients who are stockpiling goods ahead of the country's break from the European Union, official data showed.
Reuters   |   Wed, 10 Apr 2019 16:42:08

Brexit news - live: Theresa May leaves EU leaders to decide Britain's fate after interrogation over Article 50 extension

Follow live updates from Westminster and Brussels
Ashley Cowburn, Lizzy Buchan / The Independent   |   Wed, 10 Apr 2019 16:40:00

Businesses ignore paperwork for no-deal Brexit

Third of companies whose foreign trade is only with EU register for customs ID number
FT   |   Wed, 10 Apr 2019 16:39:24

Highlights: EU leaders meet to give Britain second Brexit delay under conditions

European Union leaders meet in Brussels on Wednesday to grant Britain a second Brexit delay, with France pushing the hardest demands on London among the 27 states staying on together in the bloc.
Reuters   |   Wed, 10 Apr 2019 16:38:16

Brexit: Britain could have 'a say' in trade deals if it joins customs union, Irish prime minister says

Leo Varadkar says UK could not be a 'silent partner' as Labour pushes for customs union
Jon Stone / The Independent   |   Wed, 10 Apr 2019 16:37:18

Macron says long Brexit delay shouldn't be taken for granted

French President Emmanuel Macron said on Wednesday he was impatient to hear more from Prime Minister Theresa May on why European Union leaders should grant Britain an extension to the Brexit negotiation period.
Reuters   |   Wed, 10 Apr 2019 16:34:43

France's Macron: Nothing is certain on Brexit extension

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FX Street   |   Wed, 10 Apr 2019 16:23:13

France's Macron takes hard line on Brexit delay for UK

French president says 'nothing is guaranteed'
FT   |   Wed, 10 Apr 2019 16:15:25

Theresa May arrives in Brussels seeking Brexit delay

UK prime minister to ask EU leaders for three-month extension
FT   |   Wed, 10 Apr 2019 16:14:39

Farage Says New Brexit Party Will Spark "A Political Revolution" And Terrify The Tories

Nigel Farage declared on Tuesday that it would spark a political - a line he apparently stole from US Sen. Bernie Sanders - and strike fear into the hearts of ineffectual Tories who have so far failed to deliver on the promise of the Brexit referendum, the Sun reports. In ...
Tyler Durden / Zero Hedge   |   Wed, 10 Apr 2019 16:11:05

UK economy 'stronger than expected' in February; ECB holds interest rates - as it happened

Britain's economy expanded by 0.2% in February, better than expected, thanks to a burst in manufacturing output Latest: Mario Draghi explains why ECB left borrowing costs unchanged Breaking: UK economy grew by 0.2% in February Economy expanded by 0.3% in last quarter Manufacturing output surged What the experts say 5.06pm ...
Graeme Wearden / Guardian   |   Wed, 10 Apr 2019 16:06:26

Brexit Burger King

Comedian Alistair Williams explains how Brexit is like trying to leave a Burger King. Worth a watch... The post Brexit Burger King appeared first on Guido Fawkes .
Tom Harwood / Guy Fawkes' blog   |   Wed, 10 Apr 2019 16:05:20

EU to grant UK PM May a Brexit delay, with conditions

European Union leaders will grant Prime Minister Theresa May a second delay to Brexit at an emergency summit on Wednesday but will argue over how long and on what terms as they struggle to end Britain's troublesome membership.
Reuters   |   Wed, 10 Apr 2019 15:58:35

Lengthy Brexit delay on the cards?

CNN   |   Wed, 10 Apr 2019 15:55:55

UK car production could halve in no-deal Brexit scenario - study

With investment down 80% in past three years, industry faces 'death by a thousand cuts' Car production in Britain could collapse by almost half by the mid-2020s in a no-deal Brexit scenario, with plant closures triggering job losses across the country, according to an Oxford University study. Matthias Holweg, an ...
Richard Partington / Guardian   |   Wed, 10 Apr 2019 15:45:11

World peers into black hole 'gate of hell' (and it's not Brexit)

In space, nobody can hear you take the credit.
Joshua Posaner / Politico   |   Wed, 10 Apr 2019 15:43:07

Brexit: PM May refuses to say if she will resign if UK is still in EU after June 30

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FX Street   |   Wed, 10 Apr 2019 15:37:53

Brexit: Theresa May 'clear' she wants short delay

The PM will make her request for a delay until 30 June - but EU leaders are expected to offer a longer option.
BBC   |   Wed, 10 Apr 2019 15:37:17

EU to grant PM May a Brexit delay, with conditions

European Union leaders will grant Prime Minister Theresa May a second delay to Brexit at an emergency summit on Wednesday but will argue over how long and on what terms as they struggle to end Britain's troublesome membership.
Reuters   |   Wed, 10 Apr 2019 15:29:09

May says she aims to secure delay for orderly Brexit

Prime Minister Theresa May said on Wednesday she was asking EU leaders to delay the Brexit deadline to June 30 so she could get approval from parliament for her deal and ensure Britain leaves the European Union in an orderly way.
Reuters   |   Wed, 10 Apr 2019 15:28:28

Ofsted chief accepted for 'settled status'

A senior education official has had his dispute resolved over getting settled status after Brexit.
BBC   |   Wed, 10 Apr 2019 15:15:29

May seeks Brexit 'flextension' as EU leaders decide UK's fate

FT   |   Wed, 10 Apr 2019 15:15:28

Germany, France back shorter Brexit delay ahead of EU summit: document

Germany, France, Luxembourg and the EU's Brexit negotiator Michel Barnier favored a shorter delay to Britain's departure from the bloc in talks on the eve of a summit of EU leaders in Brussels, a document seen by Reuters showed.
Reuters   |   Wed, 10 Apr 2019 15:05:38

Gold Rises After ECB awaiting More Dovish Fed Rhetoric

Adding to investor concerns, the International Monetary Fund (IMF) on Tuesday slashed its global economic growth forecasts for 2019 and warned growth could slow further. Gold is used as a safe investment during times of political and financial uncertainty. "The yellow metal will continue to be bid as the Brexit ...
Alfonso Esparza / OANDA   |   Wed, 10 Apr 2019 15:04:22

Brexit Identities

Bad politics is more the rule than the exception around the world, so it should come as no surprise that the United Kingdom, where parliamentary democracy was born, is not immune. What is surprising is that the UK's withdrawal from the European Union should be the reef on which its ...
Andrés Velasco / Project Syndicate   |   Wed, 10 Apr 2019 15:03:31

Why the EU is divided over Britain's Brexit date

Tactical calculations, political ties and no-deal risk all play parts in decision
FT   |   Wed, 10 Apr 2019 14:53:46

May says aims to secure delay for orderly Brexit

British Prime Minister Theresa May said she was asking EU leaders at a summit on Wednesday to delay the Brexit deadline to June 30 so that Britain could leave the European Union in an orderly way.
Reuters   |   Wed, 10 Apr 2019 14:52:41

Brexit-hungry media to be turfed off grassy patch outside UK parliament

After months of grueling political perma-crisis, Brexit is taking its toll on the British political establishment - not least the small patch of grass opposite parliament that has become a makeshift home to the world's media.
Reuters   |   Wed, 10 Apr 2019 14:40:03

5 suggested new Brexit dates, 5 sets of problems

Brexit might not take place in the foreseeable future. But when exactly will it happen?
Florian Eder / Politico   |   Wed, 10 Apr 2019 14:30:04

GBP/USD Technical Analysis: Cable directionless amidst Brexit chaos

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FX Street   |   Wed, 10 Apr 2019 14:24:29

U.K. Prime Minister Theresa May Expected to Ask EU to Delay Brexit - Again

EU leaders opened talks to discuss granting the UK a new delay - possibly of up to a year
MIKE CORDER and RAF CASERT / AP / Time   |   Wed, 10 Apr 2019 14:08:14

Brexit: What is happening at the EU summit and will Theresa May be granted an Article 50 delay?

When will the EU leaders meet, and what are they expected to offer?
Ashley Cowburn / The Independent   |   Wed, 10 Apr 2019 14:08:00

Live FX market analysis - 9 April 2019 (video)

OANDA Senior Market Analyst Craig Erlam looks ahead to what could be another very interesting week in the FX markets. An emergency EU Brexit summit, ECB meeting, Fed minutes, new US tariffs and more all feature in this week's webinar and Craig does his best to update everyone on these ...
Craig Erlam / OANDA   |   Wed, 10 Apr 2019 14:03:00

EU leaders agree Brexit will be delayed again

Leaders hope for pledge of cooperation from Theresa May, but wonder if she will keep her job.
David M. Herszenhorn, Lili Bayer, Jacopo Barigazzi, Maïa de La Baume / Politico   |   Wed, 10 Apr 2019 14:02:23

Fear of rogue Britain

What if the UK goes full Donald Trump after a Brexit extension?
Tom McTague / Politico   |   Wed, 10 Apr 2019 13:49:20

Germany, France backed short Brexit lag on eve of EU summit: officials

Germany, France, Luxembourg and the EU's Brexit negotiator Michel Barnier favored a short delay of the date of Britain's departure in talks on the eve of a summit of EU leaders in Brussels, officials said.
Reuters   |   Wed, 10 Apr 2019 13:42:14

Brexit: what is happening and what happens next?

The FT looks at why Britain's departure from the EU matters and what impact it will have
FT   |   Wed, 10 Apr 2019 13:35:33

Weary EU set to give yet more time for Brexit

Brexit will not be on Friday, EU leaders will confirm when they meet British Prime Minister Theresa May at another crisis summit on Wednesday, but diplomats said they are still wrestling on how long it might be delayed and under what conditions.
Reuters   |   Wed, 10 Apr 2019 13:35:30

Brexit: Barnier and EC backed short Brexit delay during meeting on Tuesday

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FX Street   |   Wed, 10 Apr 2019 13:32:31

Merkel calls on EU to give UK more time on Brexit

German chancellor warns 'disorderly Brexit is not in our interest'
FT   |   Wed, 10 Apr 2019 13:27:22

British MEPs stuck in limbo amid Brexit uncertainty

A British member of the European Parliament says he is uncertain whether he and his team will have jobs beyond Friday, with the UK still at risk of crashing out of the EU without a deal
CNN   |   Wed, 10 Apr 2019 13:25:32

Brexiteers are right to compare themselves to Spartans - but not for the reasons they think

European Council president Donald Tusk recently observed that the EU is fundamentally a peace project. Unsurprisingly, perhaps, this comment does not seem to have impressed the self-styled of the Conservative Party's European Research Group, or their followers. A combination of libertarianism and bellicose nationalism appears to characterise hard Brexit supporters ...
Peter Lucas, Senior Lecturer in Philosophy, University of Central Lancashire / The Conversation   |   Wed, 10 Apr 2019 13:25:09

EU should help Britain to achieve orderly Brexit: Germany's Scholz

The European Union should help Britain reach an agreement for an orderly Brexit, German Finance Minister Olaf Scholz told Reuters in an interview on Wednesday, adding that he hoped a chaotic departure from the bloc could be averted.
Reuters   |   Wed, 10 Apr 2019 13:24:50

Draghi speech: Brexit not expected to have much of an impact on real economy

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FX Street   |   Wed, 10 Apr 2019 13:21:22

Belgian PM Michel says Brexit delay remains uncertain

Belgian Prime Minister Charles Michel said it remained unclear whether Britain would receive an extension on the deadline for its withdrawal from the bloc ahead of a meeting of EU leaders on Wednesday to discuss Brexit.
Reuters   |   Wed, 10 Apr 2019 13:20:31

Labour plays down chances of Brexit agreement with government, saying 'substantial differences' remain

'We've yet to see clear evidence of the kind of real change and compromise that would obviously be necessary to reach an agreement'
Benjamin Kentish / The Independent   |   Wed, 10 Apr 2019 13:07:00

Brexit: Why a long extension worries Europe

The EU may impose tough conditions on any extension to protect their own interests.
BBC   |   Wed, 10 Apr 2019 13:02:51

Merkel: Brexit extension should be 'as short as possible'

The German Chancellor also said that the Tories and Labour should be given time to find a compromise.
Matthew Karnitschnig / Politico   |   Wed, 10 Apr 2019 12:56:55

Angela Merkel favours giving UK 'reasonable amount of time' to resolve Brexit

Times of India   |   Wed, 10 Apr 2019 12:55:17

Reduced Status

What's funny is that some in the UK will be horrified by this, the Brexiteers most of all. Um, guys, you want your status reduced so much you don't even get to see the table.France is expected to demand the removal of the post of British European commissioner as a ...
Atrios / Eschaton   |   Wed, 10 Apr 2019 12:30:00

Merkel favours giving UK "reasonable amount of time" to resolve Brexit

Britain should be given a reasonable amount of time to work out its exit from the European Union, though the delay to Brexit could be longer than British Prime Minister Theresa May has requested, German Chancellor Angela Merkel said on Wednesday.
Reuters   |   Wed, 10 Apr 2019 12:23:53

Brexit stockpiling gives sluggish UK economy a surprise lift

The struggling UK economy is getting a boost from Brexit stockpiling.
CNN   |   Wed, 10 Apr 2019 12:22:08

Virgin Atlantic says Brexit in part to blame for second successive annual loss

Higher fuel costs also hit bottom line as UK carrier targets return to profit in 2021
FT   |   Wed, 10 Apr 2019 12:15:39

UK economy grows as manufacturers stockpile before Brexit

GDP growth of 0.2% in February confounds expectations of slowdown The British economy unexpectedly continued to grow in February as manufacturers rushed to stockpile goods ahead of Brexit, according to official figures. The Office for National Statistics said gross domestic product grew by 0.2% in February from a month earlier, ...
Richard Partington Economics correspondent / Guardian   |   Wed, 10 Apr 2019 12:15:15

"Venture capitalists are still throwing hundreds of millions at blockchains"

Following up on yesterday's "For Those Who Have Been Clameur-ing for Less Sark, More Snark: Blockchain for Brexit" which has now morphed into a pastiche of the song "Springtime for Hitler", probably because of the syllable count and the the symmetry and the "for" in "Blockchain for Brexit": And if ...
climateer / Climateer Investing   |   Wed, 10 Apr 2019 12:12:00

Merkel backs Brexit delay of several months

German Chancellor Angela Merkel wants European Union leaders meeting later on Wednesday to grant Britain a delay in its divorce from the bloc, but also to make sure once a decision is made in London, Brexit can take place quickly.
Reuters   |   Wed, 10 Apr 2019 12:04:47

In search of a Boris-proof Brexit

EU eager to ensure that any withdrawal agreement is not derailed by next Tory leader
FT   |   Wed, 10 Apr 2019 11:56:41

Special Report: Wish You Weren't Here - Postcards from the Edge of London in the Age of Brexit

Every Friday morning, a pensioner and his grandson gaze across a vast demolition site in east London, one of them remembering a life working at the Ford factory there and the other wishing he could help tear its old buildings down.
Reuters   |   Wed, 10 Apr 2019 11:55:16

May's position is looking shakier than ever

British Prime Minister Theresa May will face her fellow -- for now -- European Union leaders at a summit Wednesday with everyone around the table knowing she is running out of options on Brexit.
CNN   |   Wed, 10 Apr 2019 11:53:47

A pop-up studio captures Londoners in Brexit's troubled age

"What do you want to take a picture of me for?"
Reuters   |   Wed, 10 Apr 2019 11:47:33

May says view on second Brexit referendum has not changed

British Prime Minister Theresa May said on Wednesday her opposition to holding a second Brexit referendum had not changed, but she expected some lawmakers may try to push for one during the process of ratifying her EU exit deal.
Reuters   |   Wed, 10 Apr 2019 11:46:25

'No cheese cakes' warning from Brexit stockpiling firm

Lola's Cupcakes has stockpiled 10 tonnes of cream cheese ahead of Brexit to avoid its factory grinding to a halt.
BBC   |   Wed, 10 Apr 2019 11:39:53

Merkel favors giving UK 'reasonable amount of time' to resolve Brexit

Britain should be given a reasonable amount of time to work out its exit from the European Union, though the delay to Brexit could be longer than British Prime Minister Theresa May has requested, German Chancellor Angela Merkel said on Wednesday.
Reuters   |   Wed, 10 Apr 2019 11:39:06

UK PM May says view on second Brexit referendum has not changed

British Prime Minister Theresa May said on Wednesday her opposition to holding a second Brexit referendum had not changed, but she expected some lawmakers may try to push for one during the process of ratifying her EU exit deal.
Reuters   |   Wed, 10 Apr 2019 11:37:27

Stocks Bounce Ahead Of Wednesday's Data Deluge

One day after the equity rally sputtered following Trump's threat to impose new tariffs against the EU, global stocks are once again green across the board even as a barrage of critical economic, political and central bank events - including the ECB's rate decision, the FOMC minutes, the Brexit-related EU ...
Tyler Durden / Zero Hedge   |   Wed, 10 Apr 2019 11:34:34

Brexit will be decided over a dinner table in Brussels

The sheer weirdness of Brexit might be best described by the odd spectacle that will take place in Brussels on Wednesday evening.
CNN   |   Wed, 10 Apr 2019 11:33:56

China economy would be the big winner from a no-deal Brexit, UN study finds

China would be the big winner, should the United Kingdom leave the European Union without a deal, according to a new study by the United Nations Conference on Trade and Development.A no-deal Brexit would boost Chinese exports to the UK by US$10 billion, or 17 per cent of its current ...
Frank Tang / South China Morning Post   |   Wed, 10 Apr 2019 11:30:07

Merkel ready to grant UK reasonable amount of time to resolve Brexit

Britain should be given a reasonable amount of time to work out its exit from the European Union, though the delay to Brexit could be longer than British Prime Minister Theresa May has requested, German Chancellor Angela Merkel said on Wednesday.
Reuters   |   Wed, 10 Apr 2019 11:25:34