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Banks and investment companies are leaving the City

Published date 12 December 2020 Categories Brexit / Economy

Morgan Stanley will transfer $ 100 billion in assets from the United Kingdom to Frankfurt. Large international banks and stockbrokers are flocking to the exit door from the UK ahead of Brexit to bolster their presence in the European Union as the City loses its title as the region’s financial hub. Frankfurt seems to be the big winner of this...

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Britain removes 25% tariffs on US products

Published date 10 December 2020 Categories Economy

The British Minister of Commerce, Liz Truss, clarified that “our intention is to reach a settlement after negotiations so that we can deepen our trade relations with the USA”. With its eyes on Washington and looking forward to a trade deal with the Biden government, Britain is making its first move as a non-EU country. Hours before British Prime Minister...

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