Welcome to the Overnight News Digest with a crew consisting of founder Magnifico, current leader Neon Vincent, regular editors side pocket, maggiejean, Chitown Kev, Doctor RJ, Magnifico, annetteboardman and Man Oh Man. Alumni editors include (but not limited to) wader, palantir, Patriot Daily News Clearinghouse, ek hornbeck, ScottyUrb, Interceptor7, BentLiberal, Oke and jlms qkw.
OND is a regular community feature on Daily Kos, consisting of news stories from around the world, sometimes coupled with a daily theme, original research or commentary. Editors of OND impart their own presentation styles and content choices, typically publishing each day near 12:00 AM Eastern Time.
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EU leaders reject informal talks with UK
BBC
The European Union will not hold informal talks with the UK until it triggers Article 50 to leave, Germany, France and Italy have insisted.
German Chancellor Angela Merkel hosted talks with French President Francois Hollande and Italian Prime Minister Matteo Renzi in Berlin.
The leaders called for a "new impulse" to strengthen the EU.
Last Thursday, British citizens voted 52-48 in favour of leaving the EU in a historic referendum.
UK financial markets remain volatile in the wake of the vote, with sterling plunging to a 31-year low against the dollar, and some share trading temporarily halted.
Together with the UK, Germany, France and Italy have the largest economies in the EU.
Ratings agencies rip into UK's credit score after Brexit vote
Reuters
Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week's vote to leave the European Union would hurt its economy.
Standard & Poor's stripped Britain of its last remaining top-notch credit rating, dropping it by two grades from "AAA" to "AA" and warning more downgrades could follow.
Fitch Ratings also downgraded its ranking for Britain's creditworthiness by one notch, and similarly said more cuts could follow.
The ratings agencies effectively added a rubber stamp to the market's view of the Brexit vote, as sterling tanked to a 31-year low against the U.S. dollar on Monday and stock markets fell for a second trading day since the referendum last Thursday.