Month: September 2021

Liam Fox facing questions over demands that government contractors are a “cultural fit” on Brexit

whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Liam Fox facing questions over demands that government contractors are a “cultural fit” on Brexit Mark Sands Farron is demanding the government drop the demands for Brexit support, launch an investigation and apologise.A DIT spokeswoman declined to comment on Farron’s letter specifically, but denied that firms were being asked if they “back Brexit”, adding: “It’s natural for any Government department to want to work with firms that are positive about and focused on whatever task it is they are being asked to do.”It comes after foreign secretary Boris Johnson yesterday condemned “droning and moaning” about the risks of the EU, while Deloitte agreed to pull out of bidding for government contracts for six months after a damning report it had written about Downing Street’s plans was leaked. Adverts from the Department for International Trade said companies must “be committed to the best possible outcome for the United Kingdom following its departure from the European Union.”But Farron has questioned whether the wording breaks the rules, which include strict provisions on non-discrimination, free movement of goods, freedom to provide services and freedom of establishment.“Public sector procurement is subject to a legal framework which encourages free and open competition and value for money, in line with internationally and nationally agreed obligations and regulations,” Farron said.“I believe that these clear rules have been broken.”Read More: Days of promise lie ahead for British firms selling to booming Asia Wednesday 1 March 2017 7:26 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBigGlobalTravelCelebrities That Are Still Married TodayBigGlobalTravelUndoHealthline: Medical information and health advice15 Evening Habits that are Definitely Bad for Night’s SleepHealthline: Medical information and health adviceUndoOceandrawPhotos Of Meghan The Royals Wanted To Keep PrivateOceandrawUndoyourhelthcare.comShe Washed Her Hair With Coke and This Is What Happenedyourhelthcare.comUndoEveryday WellnessWhat Happens To Your Body When You Eat Two Bananas A DayEveryday WellnessUndoAdviser.WikiControversial Facts About the Most Expensive Dog Breeds in the WorldAdviser.WikiUndohttps://carammello.com/What Will Happen to Your Body if You Eat Ginger Every Day – Carammellohttps://carammello.com/Undoanymuscle.com20 Signs That Your Kidneys Aren’t Working Properlyanymuscle.comUndoBasement RepairFast Crawl Space Foundation Repair Cost In Scottsdale May Surprise YouBasement RepairUndo Share whatsapp Liam Fox’s international trade department is facing questions over procurement rules after demanding government contractors are a ‘cultural fit’ with Brexit plans.Lib Dem leader Tim Farron has written to civil service chief Jeremy Heywood to demand an investigation and an apology from ministers. read more

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UBS London HQ is sold for £1bn as Asian investment in London’s “trophy buildings” rises

Sebastian McCarthy UBS London HQ is sold for £1bn as Asian investment in London’s “trophy buildings” rises Share It is the most recent deal which signals increasing Asian interest in London’s skyscraper market, following acquisitions of both the “Walkie-Talkie” and “Cheesegreater” to Chinese investors in 2017.Read more: How London’s skyline is going to change over the next decadeNick Braybrook, a commercial property expert and head of city capital markets at Knight Frank, said: “The market for trophies has been increasing for a few years now, and we have reached a point where the market is dominated by private investors, principally from Hong Kong. People are not quite aware of the dominance of south east Asian buyers, who make up about 70 per cent of the market.”He added: “Trophies are a very good medium for investing a large amount of money quickly in an asset that can give a high return compared to anything else. If some of these big shiny buildings costed £10m, then the cap rate would be much lower because every Tom, Dick and Harry in property could afford that”.​The 13-storey “groundscraper”, which is on 5 Broadgate in the heart of the financial district, will now be owned by a subsidiary of CK Asset Holdings, and is set to give a yield of 3.95 per cent. Thursday 14 June 2018 3:09 pm More From Our Partners Connecticut man dies after crashing Harley into live bearnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon, as Asian demand for “trophy buildings” in the capital grows.CK Asset Holdings, run by Victor Li after he took over the company from his father Li Ka-shing earlier this year, has purchased the prime office real estate from UK property firm British Land and Singaporean sovereign wealth fund GIC. Managing director of CBRE London Adam Hetherington, who advised British Land and GIC on the deal, said: “Upheld by its strong fundamentals, London continues to attract significant international capital particularly from Asia. We forecast sustained investor appetite for trophy buildings underpinning London as one of the most liquid real estate markets globally.”Read more: Focus On Vauxhall: “Off-location” or new playground for the rich?The new announcement comes after a recent attempt to purchase the site outright from Mubadala Investment Company, an Abu Dhabi soverign wealth fund, fell through.Zachary Gauge, a European real estate analyst at UBS Asset Management, said: “The continued appetite for foreign buyers after the EU referendum result took everyone by surprise. What I think we learnt was that for investors seeking long term income in a core market they are prepared to accept the risk of short-term volatility which is negated by the length of the lease and covenant strength.”He added: “It is also important to remember that within a European context Brexit is a source of major political uncertainty, to many of the foreign buyers accessing the market this type of democratic event is a storm in a tea cup compared to the uncertainty and volatility of the political climate in their home country.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeReleaseWireMango Animate Rolls out a Free 2D Character Creation Software ProgramReleaseWireHealthline: Medical information and health adviceAvoid These Bad Sleep Habits For A Better Night’s RestHealthline: Medical information and health adviceWeniixTop 5 best sports cars 2021 – WENIIXWeniixElite HeraldRub Vicks VapoRub Under Your Nose At Night, Here’s WhyElite Heraldtibgez10 Signs & Symptoms of Lewy Body DementiatibgezaHow To Spot a NarcissistaHaircuts Magazine15 hairstyles for short hair for the summerHaircuts MagazineBIBAThings Are Different For William And Kate – Here’s What HappenedBIBACookingAmour12 Best Natural Immunity Boosters For Cold And Flu This WinterCookingAmour whatsapp read more

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Theresa May and Jeremy Corbyn set out competing economic visions in major speeches

first_img Tags: Brexit G20 Jeremy Corbyn John McDonnell People Tax Theresa May whatsapp CBI Director-General Carolyn Fairbairn claimed while there is “much common ground” between business and Labour, “continual public barbs and backward-facing policy are deterring entrepreneurs and investors, at a time when we need them most.”Speaking just hours before updating the UN General Assembly on Russia’s nerve agent attack in Salisbury, May praised free markets for delivering prosperity and reducing poverty “on a scale which would once have been hard to imagine”. whatsapp Theresa May and Jeremy Corbyn set out competing economic visions in major speeches Owen Bennett center_img Wednesday 26 September 2018 6:03 pm He said: “The price of that has not just been stagnation, wages falling for the longest period in recorded history, and almost a decade of deeply damaging cuts to public services.”The Labour leader backed plans announced by shadow chancellor John McDonnell on Monday to force larger companies to hand over 10 per cent of shares to workers – with the government creaming off any money left over after pay-outs of up to £500.Corbyn also set out policies to extend 30 hours free childcare to cover all two to four-year-olds and create 400,000 skilled jobs as part of a “Green Jobs Revolution” to reduce carbon emissions by 60% by 2030.Read more: Corbyn: Rich parents should pay just £4 an hour towards childcareAdam Marshall, director general of the British Chambers of Commerce, said there were some “bright spots” in the speech, but warned: “Over recent days, businesses have heard plans for an unprecedented overreach into ownership and governance, talk of higher taxes on both companies and individuals, and commitments to sweeping nationalisation.   Theresa May and Jeremy Corbyn set out competing visions of Britain’s future on Wednesday with two radically different speeches on the economy. Share Addressing the Bloomberg Global Business Forum in New York, May praised free markets and vowed to slash the UK’s corporation tax to the lowest rate in the G20 after Brexit.As the PM addressed businesses in New York, Corbyn delivered a major speech to Labour party members at their Liverpool conference, claiming the UK’s “broken economic system” had fuelled racism and led to a “crisis of democracy” – as he set out spending commitments that would be funded by hiking tax on businesses and high earners.The Labour leader’s speech received numerous standing ovations from party activists, but business groups reacted nervously to the address, with the CBI claiming anti-enterprise “barbs” from the party are putting off investors and entrepreneurs.Read more: Jeremy Corbyn vows to vote down Chequers as part of General Election gambleCorbyn’s speech, signalling the end of Labour’s four-day annual get-together, saw him attack the “political and corporate establishment” for failing to make “essential changes” to the economic system after the 2008 crash.last_img read more

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Capita and other outsourcers to write ‘living will’ to protect public services from another Carillion collapse

first_img“We are now beginning to see progress being made in a number of areas – transparency, standards of behaviour, risk allocation, and ‘living wills’, which are designed to improve the resilience of government contracting.” whatsapp Monday 19 November 2018 3:23 pm The trio could complete their continuity plans within weeks and other key suppliers of public services could follow, the Cabinet Office said.The “living wills” would give the government time to transfer services to a new supplier or take them in-house in the event of a company’s failure.Cabinet office minister David Lidington said: “Carillion was a complex business and when it failed it was left to government to step in – and it did.“But we did not have the benefit of key organisational information that could have smoothed the management of the liquidation.”“By ensuring contingency plans can be quickly put in place in the very rare event of supplier failure, we will be better prepared to maintain continuity of critical public services.” Outsourcing giant Capita has agreed to write a “living will” to protect public services in the event of a collapse similar to that of Carillion.Capita, Serco and Sopra Steria have volunteered to draw up contingency plans after the Cabinet Office said it lacked “key organisational information” that could have helped in the aftermath of the Carillion collapse in January. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastLearn It WiseColleagues Find Woman’s Bikini Photos Inappropriate, Give Her UltimatumLearn It WiseMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableymoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.com Share whatsapp Capita and other outsourcers to write ‘living will’ to protect public services from another Carillion collapse Lidington also said the government would publish previously unavailable data on the performance of critical contracts.Capita chief executive Jon Lewis said: “Capita’s leadership is committed to upholding the highest standards of service and working together with the Government to effectively deliver critical UK public services.”Adopting ‘living wills’ underlines our values-based leadership and our determination to help protect the UK’s public services.”Serco, which provides UK public services in the justice, immigration, healthcare and defence sectors, was one of the first to sign up to the new government initiative.Chief executive Rupert Soames said: “As a major government supplier, who has been quite vocal on issues around Government contracting, it’s pleasing to see industry and government coming together to develop a shared vision for the delivery of public services. Callum Keown Tags: Trading Archivelast_img read more

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Former SSE boss Ian Marchant invests in London smart home startup

first_imgMonday 21 January 2019 12:09 am Tags: Amazon Company SSE More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Former SSE boss Ian Marchant invests in London smart home startup A London-based smart home technology startup, backed by the former chief of SSE Ian Marchant, today announced that it has raised £2m in a new funding round.Den, which has now raised a total of £5m, is also backed by Mark Davies, a founder of Betfair.  whatsapp Read more: Stay on top of your resolutions with the best fitness gadgets of 2019Den’s devices can be controlled and monitored using a smartphone app and can be used in conjunction with voice assistants such as Amazon’s Alexa. The technology allows users to track which appliances are consuming the most energy and be alerted to potential safety concerns.“Den is providing a simple and elegant solution to bring our existing housing stock into the 21st century, allowing everyone to benefit from the advantages of the smart home revolution,” said Marchant.Read more: How does Amazon’s smart speaker with a screen measure up? Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndobonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comUndo whatsapp The company has also announced the launch of a new range of high tech light switches and sockets.It hopes to capitalise on the growing demand for smart home technology. A recent report from PwC found that consumers will spend £10.8bn on smart home products this year and that 40 per cent of device owners intend to upgrade their devices within two years.  Michael O’DwyerMichael is a financial journalism student at City, University of London. last_img read more

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Under the neon lights of Tokyo, the City is forging closer relationships with Asia

first_img Tags: Climate change FinTech Insurance Through my mayoral theme of “Shaping Tomorrow’s City Today”, I am working to do just this, building bridges with cities across the globe that enable us to fully leverage the opportunities of the digital era by delivering tangible exchanges of innovation, skills, and knowledge.I see no better place to lay the foundations for such bridges than underneath Tokyo’s neon lights and across Asia more widely. City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Under the neon lights of Tokyo, the City is forging closer relationships with Asia whatsapp While a question mark may continue to hang over the UK’s future relationship with Europe, there are at present no bigger long-term opportunities than those found in Asia. The world is pivoting east, and we cannot afford to be left behind.The continent is already home to some of the fastest growing economies and is the greatest contributor to global growth. In fact, by 2025 Asia is forecast to account for nearly half the world’s GDP.By that time, nearly 2.5bn people across the region will live in cities, accounting for almost 54 per cent of the world’s urban population, and two thirds of the global middle class, many of whom will be based in the four financial cities I’ll be visiting.This seismic shift in the global economy presents huge opportunities for the UK to strengthen mutually beneficial ties across Asia, as demand for the services and expertise provided by City firms continues to grow.Tokyo, Seoul, Hong Kong, and Singapore are – of course – all important financial centres in their own right. We will continue to compete for business in some areas, but there are many others where collaboration will benefit all. The City’s strength in established areas such as insurance, asset management, and infrastructure financing will remain important areas of partnership. And the Square Mile’s ability to innovate and tap into fast-growing markets will also play a crucial role as we strengthen links across Asia.Back in the middle ages, we created guilds to help boost commerce and trade. Later, we invented the insurance industry following the Great Fire of London.These days we are a world leader not just in traditional finance, but also in newer industries like fintech, green finance, and cyber security.We have much to offer our Asian counterparts in these areas as demands from their citizens for financial and professional services evolve in line with their economic growth.Collaboration is also vital if we are to tackle major international issues that cross borders such as sustainable development, climate change, and digitisation of the international economy. Peter Estlin center_img whatsapp Share Opinion Monday 4 February 2019 8:49 am Next week will see me travel to one of the busiest cities on earth, home to nearly 40m people and more square footage of advertising and media than anywhere else in the world: Tokyo.My visit is part of a 12-day trip to four Asian cities that will also take me to Seoul, Hong Kong, and Singapore. It is a visit focused on building links with some of the world’s most exciting, forward-looking metropolises.last_img read more

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Fintech startup Revolut pushes ministers for fast-track tech visas

first_img Read more: UK artificial intelligence funding hits almost the rest of Europe combinedThe move comes as more than 80 per cent of UK startups are planning to expand their workforces this year despite Brexit challenges, according to fresh data from Silicon Valley Bank.Additionally, 55 per cent of startups said they do not plan to move their headquarters outside the UK, regardless of whether a deal is achieved.Former Google chief financial officer Patrick Pichette told City A.M. this week that the UK’s strong research record and university network are “huge advantages” for companies headquartered here. Tags: Artificial intelligence (AI) and robots Brexit Data science FinTech Startups Thursday 21 February 2019 7:12 am whatsapp More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Fintech startup Revolut pushes ministers for fast-track tech visas center_img London will fall behind as a world-leading fintech hub if the government does not prioritise incoming tech talent, the chief executive of Revolut warned today.Nikolay Storonsky, a Russian native who started digital bank Revolut in 2015, called on ministers to introduce a fast-tracked visa process for technology workers, particularly within software development and data science. Emily Nicolle whatsapp Share London was revealed last month as the top destination in Europe for international tech talent, while the UK’s fintech sector took in a record $3.3bn (£2.5bn) in funding in 2018.Read more: UK fintech investment hits all-time high of $3.3bnThe city also plays host to the largest community of software developers on the continent, thanks to major engineering hubs established by the likes of Google and Facebook. Storonsky said 70 per cent of Revolut’s tech teams are recruited from abroad.“With all of the political uncertainty kicking off right now, lengthy immigration processes and bureaucracy will only slow down the UK fintech industry’s growth, and we risk losing out on the best talent to other EU countries such as Germany and France,” said Storonsky.The fintech firm said it will need to double its workforce in London this year if it is to reach certain goals, such as opening 50,000 accounts per day. Revolut currently has 1.9m monthly active users, and is opening more than 10,000 accounts per day.last_img read more

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Dublin already the big Brexit winner as financial services firms move business out of London

first_imgMonday 11 March 2019 12:32 am More From Our Partners Kamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp DUBLIN looks set to be the big winner from Brexit as financial services firms move business away from London and “chip away” at the City’s influence.A study by think tank New Financial found that 269 banking and finance companies have already moved at least part of their business away from London ahead of Britain’s departure from the EU. Callum Keown whatsapp Share But it said that was a significant underestimate and predicted Brexit would “gradually chip away” at the City’s influence both in Europe and around the world, with more staff, business and assets leaving London.Dublin has been chosen as the post-Brexit location of choice by 100 companies, including Goldman Sachs, JP Morgan, Credit Suisse and HSBC, while 60 firms, such as Schroders, Janus Henderson and Aviva Investors chose Luxembourg.The study found that 249 companies had moved primary hubs to the EU, while 213, including the likes of Barclays and Bank of America Merrill Lynch, have set up new entities in the bloc, transferring staff as well as billions of pounds in assets.While more than a third of moves have been to Dublin, banking giants have hedged their bets moving different parts of their operations to different cities.Goldman Sachs has moved its investment banking and markets divisions to Frankfurt and Paris and shifted its asset management arm to Dublin. He said: “All the recent evidence suggests it’s quite clear that London will remain the major financial centre in Europe after Brexit.“Businesses will have to make contingency plans and there will be some changes but there’s no doubt London will maintain that position.” Similarly, Credit Suisse has transferred investment banking to Frankfurt and moved its markets wing to Madrid.However, with firms spreading their business across a number of cities, London’s dominance looks in Europe looks set to continue, it concluded.It said: “While the headline numbers are stark, there is no question that London will remain the dominant financial centre in Europe for the foreseeable future.“Firms are keen to keep as much of their business in London as possible and even the biggest relocations represent a maximum of 10 per cent of the headcount at individual firms.”Gerard Lyons, economist at the challenger wealth manager Netwealth, said the City’s position was not under threat. Dublin already the big Brexit winner as financial services firms move business out of London Tags: Trading Archivelast_img read more

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US made ‘fundamental misjudgement’ over tariff increases, says Chinese state newspaper

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm Oraclebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemMisterStoryWoman files for divorce after seeing this photoMisterStory Tags: Donald Trump People whatsapp US made ‘fundamental misjudgement’ over tariff increases, says Chinese state newspaper Sunday 12 May 2019 12:33 pm Read more: Trump says he knows why China U-turned on US trade dealUS trade representative Robert Lighthizer said on Friday that Trump had ordered him to begin the process of raising tariffs on “essentially all” remaining imports from China – a total of around $300bn worth of goods. China’s size means that the US “should not have an unrealistic illusion that once the trade war intensifies, it will have more bargaining chips at the negotiation table,” the English-language newspaper said, reacting to the US increasing tariffs on the goods to 25 per cent from 10 per cent.The strong words came after Chinese vice-premier Liu He said that China had not rowed back on promises made in the trade deal between the two countries.His statements to Hong Kong news service Phoenix were China’s first official response to allegations that it had backtracked on key elements of the deal. Liu said China objected to some of the phrasing of the agreement, and that it believed making changes to a deal before it is finalised was normal.US President Donald Trump yesterday reiterated his statement that China reneged on its promises because it thought it would be able to negotiate the deal with a Democratic president following the 2020 election.“I think that China felt they were being beaten so badly in the recent negotiation that they may as well wait around for the next election, 2020, to see if they could get lucky & have a Democrat win – in which case they would continue to rip-off the USA for $500 Billion a year,” he tweeted. The US made “a fundamental misjudgement” by ratcheting up tariffs on $200bn (£154bn) of Chinese goods and has “seriously underestimated China’s endurance,” according to an editorial article published today by the Global Times, a government-aligned Chinese tabloid newspaper.Read more: China threatens retaliation as Trump rolls out $200bn tariff hike whatsapp Today, the Global Times – which does not speak for the government but is run by the state-owned People’s Daily newspaper – said the United States had “seriously underestimated China’s endurance”.Its editorial said: “Because of the political system and social structure, China is in a much stronger position than other countries to weather the storm of a trade war.”The Global Times said the US is wrong in “believing China is unilaterally benefitting from China-US economic and trade relations”.However, it said China “is willing to take necessary measures to improve those balances between the two countries”.Talks are due to continue in Washington over the coming week, Liu said, according to Chinese state television on Saturday. Harry Robertson last_img read more

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John Major would seek legal review to avoid parliament closure

first_img John Major vows to seek judicial review to avoid parliament closure Major said Johnson would need to seek the Queen’s permission for a no-deal Brexit, but that it was “inconceivable” that the Queen would refuse. Wednesday 10 July 2019 9:57 am “The Queen’s decision cannot be challenged in law, but the Prime Minister’s advice to the Queen can, I believe, be challenged in law,” Major said. “I for one would be prepared to seek judicial review to prevent Parliament being bypassed.” Calling any such suspension “utterly and totally unacceptable”, Major told BBC Radio 4’s Today programme this morning: “National leaders look first at the interests of the country – not first at the interests of themselves.” Johnson has committed to leaving the EU by the 31 October departure deadline with or without a deal in a “do or die” Brexit. Read more: Labour would back Remain in a second Brexit referendum – but only under Tories by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersMisterStoryWoman files for divorce after seeing this photoMisterStory Parliament has voted against a no-deal Brexit but May’s successor could seek to avoid such an outcome by proroguing parliament in the run up to the Brexit deadline. whatsapp Joe Curtis Former prime minister John Major has threatened to seek a judicial review if Britain’s next leader sought to suspend parliament to proceed with a no-deal Brexit. The UK was due to leave the EU on 29 March but delayed that until April, and then October, after parliament rejected Prime Minister Theresa May’s deal three times. Former prime minister John Major opposes leaving the EU without a deal (Photo by Jack Taylor/Getty Images) whatsapp A source close to Johnson branded Major “completely bonkers” in response, telling the BBC the former PM had “clearly been driven completely mad by Brexit”. Read more: Boris can deliver a bold economic vision for UK, says Remainer MP Boris Johnson is the favourite to win the Conservative leadership contest and he has so far not ruled out suspending parliament to deliver on his promise of a no-deal Brexit. Share Major also blasted the deadline as “artificial”, arguing it had “a great deal more to do with the election of leader for the Conservative party than the interests of the country”.last_img read more

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