A thousand EU financial firms plan to open UK offices after Brexit
More than a thousand banks, asset managers, payments companies and insurers in the European Union plan to open offices in post-Brexit Britain so they can continue serving UK clients, regulatory consultancy Bovill said on Monday.
Airbus unit to offer product to help airlines with revenue volatility
A subsidiary of Airbus , the world’s largest planemaker, is preparing to launch a financial product aimed at helping its airline customers hedge against risks to revenue, officials said.
IEA warns oil companies doing nothing on emissions is not an option
Oil and gas companies must boost investment in low carbon energies or face an increasing backlash that could threaten their long-term profits and social acceptance, the International Energy Agency (IEA) said on Monday.
CEO says Bank of America aims to ‘double’ its U.S. consumer market share: FT
Brian Moynihan, the chief executive officer of Bank of America Corp , has said the bank could double its consumer market share in the United States despite fears about the power of the country’s largest banking institutions.
JPMorgan to buy Paris building to bring euro teams from London
U.S. bank JPMorgan Chase & Co said it plans to buy a building in central Paris to house up to 450 staff in coming years, as it relocates some services from London after Britain’s exit from the European Union.
Mexican official eyes stronger ties with China after U.S. trade deal
Mexico should move to deepen its economic ties with China after U.S. congressional approval of a new North American trade deal, a senior Mexican official said late on Saturday.
Tesla moves a step closer to opening first European factory with German property deal
U.S. electric car pioneer Tesla has agreed to buy a property on the outskirts of Berlin, bringing it a step closer to opening its first European factory, local authorities said on Sunday.
EU industry chief dismisses fears strict security rules could delay 5G
European industrial policy chief Thierry Breton dismissed claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China’s Huawei.
Exclusive: EU industry chief to dismiss fears strict security rules could delay 5G
European industrial policy chief Thierry Breton is set to dismiss claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China’s Huawei.
Founder of South Korean retail giant Lotte dies
Lotte Group founder Shin Kyuk-ho, who started manufacturing chewing gum in 1948 in Japan and built the business into South Korea’s No.5 conglomerate with interests ranging from retail to chemicals, died on Sunday, the company said. He was 98.
