Wednesday, May 25

Day: September 28, 2016

Banks begin moving jobs outside UK just because of Brexit
ENGLISH, United Kingdom

Banks begin moving jobs outside UK just because of Brexit

    A report by The Boston Consulting Group after the EU vote warned that up to 80,000 jobs could be shifted out of London. The recruiters says US banks have begun hiring for roles in European cities other than London in the wake of the UK's vote to leave the EU. The executive recruitment firm said rival financial centres to the City within the bloc, Frankfurt and Paris, were seeing the bulk of the growth at London's expense. Stephane Rambosson, managing partner of DHR International, said some companies were using Brexit as a "handy excuse for getting on (with) the unpleasant task of moving jobs outside London." The findings suggest that the warnings of an exodus of jobs from the City in the event of a Leave vote are now becoming a reality. The report's publication coincided ...
Germany’s biggest asset Deutsche Bank is in trouble
ENGLISH, Europe

Germany’s biggest asset Deutsche Bank is in trouble

    Deutsche Bank is facing questions about whether it can afford a penalty of $14bn (£10.5bn) from the US Department of Justice for mis-selling mortgage bonds a decade ago. Shares in Germany’s biggest bank have sunk to near-30-year lows and are trading just above €10 a share, illustrating investors’ concerns that they will be asked to bolster the institution’s coffers through a cash call. Shareholders are in turn wondering whether the bank should have acted sooner to preserve its financial health and whether the German government will step in to prevent a collapse. How did it come to this? Once a big beast of the banking world, Deutsche Bank is grappling with a string of problems that are raising questions about its need to gain more funds in order to survive. John Cryan, the...
October after warmer than average September: Indian Summer set for in UK weather
ENGLISH, United Kingdom

October after warmer than average September: Indian Summer set for in UK weather

    An Indian Summer is on its way with an unusually hot start to October forecast on the back of one of the warmest Septembers of recent years. The Met Office said people across most of England can expect to enjoy the first week of the month without a coat as temperatures are likely to climb above 20C. Tuesday, September 13 was the hottest September day in Britain for more than a century when the mercury soared to a blistering 34.4C in Gravesend, Kent. The average UK temperature for September over the last 30 years is 6.5C, which September this year is expected to beat comfortably by several degrees. And October will also begin with a warm spell, according to forecasters. Met Office forecaster Emma Sharples said: "There will be warmer than normal weather for the beginning of ...
Hillary Clinton vs Donald Trump broke the record of 36-year-old history in Presidential TV debate
America, ENGLISH

Hillary Clinton vs Donald Trump broke the record of 36-year-old history in Presidential TV debate

    The debate attracted around 84 million viewers before online viewership had even been taken into account Whatever the result of this year's fateful US election, the American people quickly realised the first of the presidential debates would be nothing short of a historical moment. The final Nielsen numbers have revealed that the first Donald Trump vs. Hillary Clinton stand-off attracted a record-breaking average of 84 million viewers (via Deadline), making it the most watched televised debate in history. However, this number could soon rise, since it's only taking into account live viewership on 13 television networks; including ABC, CBS, NBC, Fox, Azteca, Univision, Telemundo, PBS, CNN, Fox News, CNBC, Fox Business Network, and MSNBC. The total doesn't even include viewe...
SAARC Summit Islamabad postponed after boycott by India, Bangladesh, Afghanistan, Bhutan
Asia, ENGLISH

SAARC Summit Islamabad postponed after boycott by India, Bangladesh, Afghanistan, Bhutan

    The 19th SAARC Summit to be hosted by Pakistan in November is likely to be postponed with India, Afghanistan, Bangladesh and Bhutan - four of the eight members of the South Asian grouping - deciding to pull out, citing incitement of terrorism in the region. The 19th SAARC Summit to be hosted by Pakistan in November is likely to be postponed with India, Afghanistan, Bangladesh and Bhutan – four of the eight members of the South Asian grouping – deciding to pull out, citing incitement of terrorism in the region. Sources in Nepal, the current Chair of the South Asian Association for Regional Cooperation, confirmed having received messages from the four countries conveying their inability to attend the summit due in Islamabad on November 9-10. The sources said that the Himalay...