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The Mayor of London, Charles Bowman, said that the loss of jobs in the financial sector by March 30, 2019 will be from 5 thousand to 13 thousand. The authorities of the City of London estimate that job cuts after Brexit are lower than those predicted by the financial sector. Thus, experts at Oliver Wyman estimated that the financial sector could lose 75,000 jobs due to the transfer of a significant part of employees to other EU countries. According to the forecast of the ex-general director of the London Stock Exchange Xavier Rolet, losses can amount to more than 200 thousand jobs. According to Bowman, by early August 2018, the total number of jobs in the financial sector had decreased by only 1,600.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
U.S. President Donald Trump’s administration said on Monday that the small business pandemic aid program worth $660 billion was as a “wild success.” The data showed that 51 Million jobs for America’s small businesses ...
Levi Strauss & Co (LEVI.N) expects that its business would lose footing in the second half of the year. The company deemed it possible even as its sales were seen recovering at its reopened stores, following virus-related lockdowns imposed ...
U.S. stock index futures rose on Thursday, ahead of the much-awaited jobs report that could signal further evidence of an economic rebound in June. However, gains remained limited by the record surge in daily COVID-19 cases. Dow e-minis gained ...
On Wednesday, Ryanair's (RYA.I) Chief Executive Officer Michael Kevin O'Leary announced that around 3,500 jobs would be slashed at the airline unless it could agree on a series of pay cuts with staff. The warning came after the company resumed ...
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