The leader of one of the financial regions of London, Catherine McGuinness, speaking before the parliamentary committee on Britain's withdrawal from the EU, said that because of Brexit, from 3,500 to 12,000 jobs in the financial services can be transferred in the short-run from Britain to the European Union. She noted that in the longer term, even more jobs could disappear in the financial sphere. On the eve of Britain's withdrawal from the EU in March 2018, banks, insurers and asset managers are actively opening representative offices in the European Union to ensure the continuity of European customer service.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...