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Brexit, round one. As eu leaders gather in malta. Maltas Prime Minister calls for a fair deal for britain, but warns it will pay a price for leaving. Plus, small talk, big money. Snapchat files for a stock market flotation, that could be the biggest tech ipo since facebook. Welcome to World Business report. Im aaron hesslehurst. In a minute well have, World Business report. But first this. We start in the maltese capital, valletta, where eu leaders are gathering for a special summit, two days after the British Parliament voted overwhelmingly to start the process of brexit. Prime minister theresa may will be holding one on one talks with various eu leaders. So, what is she up against . Malta holds the rotating presidency of the eu. Its Prime Minister, joseph muscat, has been clear britain cant have its cake and eat it too. He has told the European Parliament this. We want a fair deal for the United Kingdom. But and its a big but that deal necessarily needs to be inferior to membership.

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