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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Brexit

The U.K. Is Hiring Foreign Experts to Negotiate Life After Brexit

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July 4, 2016, 5:29 AM ET
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TOPSHOT - A man takes a copy of the London Evening Standard with the front page reporting the resignation of British Prime Minister David Cameron and the vote to leave the EU in a referendum, showing a pictured of Cameron holding hands with his wife Samantha as they come out from 10 Downing Street, in London on June 24, 2016. Britain voted to break away from the European Union on June 24, toppling Prime Minister David Cameron and dealing a thunderous blow to the 60-year-old bloc that sent world markets plunging. / AFP / LEON NEAL (Photo credit should read LEON NEAL/AFP/Getty Images)Photograph by Leon Neal — AFP via Getty Images
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Britain will look to hire foreign trade negotiators to help it meet the challenge of striking new trade deals with countries in Europe and beyond after last month’s shock decision to leave the European Union, foreign minister Philip Hammond said.

“I don’t think we can only recruit people who are British,” Hammond told BBC television on Monday. “If we can find Australians, Americans who have got high-level skills in trade negotiation, let’s recruit them as well.”

Already, New Zealand has held informal talks with U.K. diplomats about loaning out some of its trade negotiators, in a move that reflects the historical ties between the two–and New Zealand’s more recent experience of negotiating with China, in particular.

He also said the government was taking steps to rehire former civil servants who have trade negotiating skills. Currently only a few of the 55 British officials in the European Commission’s trade department actually work on trade deals.

Britain faces the task of renegotiating its relationship with the EU after voters decided on June 23 to leave the bloc. It also has to rework its trade ties with more than 50 other nations around the world which have agreements with the EU.

The European Commission negotiates trade deals on behalf of the EU member states meaning Britain has not had its own dedicated team of trade negotiators since it joined the bloc in 1973.

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