Luxembourg court

UK Can Cancel Brexit by Unilaterally Revoking Article 50, European Court of Justice Rules

The UK has the legal power to stop Brexit by unilaterally revoking Article 50, the EU's top court has ruled, reported the Independent.

The ruling matches legal advice given to the court last week by its advocate general, who said as a sovereign country Britain could reverse its decision even at this late stage. 

ECB Has Green Light to Buy Gov't Bonds from Troubled States

The European Central Bank (ECB) has the right to buy government securities from EU members undergoing a financial crisis, a Luxembourg court has ruled.

Under its newly-adopted arrangements the ECB, which oversees the single currency (euro) will be able to buy, in case of need, an unlimited number of securities.