The daily business briefing: July 9, 2018

The U.K. Brexit minister resigns, Ant-Man and the Wasp leads the weekend box office, and more

Theresa May speaks after a UN summit
(Image credit: ARIS OIKONOMOU/AFP/Getty Images)

1. Brexit minister resigns, fueling turmoil in British government

The U.K.'s Brexit secretary, David Davis, resigned on Sunday, dealing a blow to Prime Minister Theresa May's government. Davis said he was not willing to be "a reluctant conscript" in May's plan for pulling Britain out of the European Union. The news came just two days after May held a crisis meeting with her ministers in an attempt to settle deep divisions among her ministers. Davis' departure reportedly triggered at least one more resignation by a junior minister in the same department. Davis said May's plan to maintain a "common rule book" with the EU that essentially mirrors the trading bloc's regulations would give "control of large swathes of our economy to the EU and is certainly not returning control of our laws."

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.