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....“There has been a race to the bottom in terms and conditions which is led by Ryanair and it’s having an impact throughout Europe,” the pilot said. “It’s sucking guys out of Europe to the Middle East and China where terms and pay are better. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 03:44:42 PM
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Further Ryanair cancellations likely as pilots reject cash to work on days off image
Source : Guardian [Read Article] Wednesday 20th of September 2017 03:44:42 PM
....“There has been a race to the bottom in terms and conditions which is led by Ryanair and it’s having an impact throughout Europe,” the pilot said. “It’s sucking guys out of Europe to the Middle East and China where terms and pay are better. ...
Christian Candy reshuffles assets worth more than £300m in a year image
Source : Guardian [Read Article] Saturday 16th of September 2017 07:00:05 AM
....Known as the “brothers bling” for their private jet, their yachts and collections of Swiss watches and sports cars, the Candys were the poster boys for London’s super-luxe real estate boom. Their developments, including One Hyde Park in Knightsbridge, attracted oligarchs, Nigerian petro-bosses and Middle Eastern royals. ...
Bell Pottinger unlikely to honour payments to co-founder Tim Bell image
Source : Guardian [Read Article] Wednesday 13th of September 2017 01:42:52 PM
....”. The management of the Asian and Middle East businesses, which are legally separate and have not been affected by the scandal, are in talks with BDO about being spun off and rebranded. ...
Bell Pottinger goes into administration amid South Africa scandal image
Source : Guardian [Read Article] Tuesday 12th of September 2017 05:35:58 PM
....”. The move to put Bell Pottinger into administration does not affect its subsidiaries in Asia and the Middle East. ...
Bell Pottinger Middle East bids to split from parent firm as administration nears image
. The Middle East arm of Bell Pottinger is in talks to separate from the scandal-hit PR agency, as its parent prepares to go into administration as soon as Monday. ...
Bell Pottinger’s Asian arm separates from UK parent company image
Source : Guardian [Read Article] Friday 8th of September 2017 09:12:00 AM
....”. Bell Pottinger also has a business in the Middle East, with offices in Dubai and Abu Dhabi. ...
China’s clout has few limits. Shouldn’t we be worried about its new Silk Road? | Tom Miller image
....The new Silk Road is broader in both geographical and economic scope than its ancient namesake, which was mainly land-based and all about trade and commerce. On land, it involves building new transport infrastructure and industrial corridors stretching across Central Asia to the Middle East and Europe. ...
Silicon Valley has been humbled. But its schemes are as dangerous as ever | Evgeny Morozov image
....Silicon Valley was the best that America had to offer; tech companies frequently occupied – and still do – top spots on lists of the world’s most admired brands. And there was much to admire: a highly dynamic, innovative industry, Silicon Valley has found a way to convert scrolls, likes and clicks into lofty political ideals, helping to export freedom, democracy and human rights to the Middle East and north Africa. ...
Why economic forecasting has always been a flawed science image
Source : Guardian [Read Article] Saturday 2nd of September 2017 06:00:07 AM
.... Forecasting is an art that is separate from the need to have specific subject knowledge. The people who were best at predicting the Arab spring, he said, were not Middle East experts. ...
Revealed: how British American Tobacco exploited war zones to sell cigarettes image
. British American Tobacco (BAT) has promoted sales of its cigarettes in some of the most fragile, war-torn and unstable countries of Africa and the Middle East, documents seen by the Guardian show. ...
Brexit is a chance for farming reform – but we must get the policy right | Ngaire Woods image
....To be sure, the abolition of subsidies was only one element of New Zealand’s agricultural transformation. Equally important was the effort made by the country’s leaders to secure access to growing markets in the Middle East, Japan and subsequently China, which is now New Zealand’s largest export market, accounting for 21% of exports. ...
Only governments can stem the tide of tourism sweeping the globe | Elizabeth Becker image
.... A tourist was released last week after six years held hostage in Mali by al-Qaida. Travel is already up 6% this year, according the UN ’s World Tourism Organisation, with a 10% increase in the Middle East, the centre of the world’s most deadly conflicts, and up 6% in Europe, despite a string of terrorist attacks, particularly in France and England. ...
Cheers! Heineken toasts rise in half-year operating profit to £1.6 billion image
Source : Daily Express [Read Article] Tuesday 1st of August 2017 12:00:00 AM
....48 billion. Asia Pacific and the Americas had reported most growth, with Europe, Africa and the Middle East also up. ...
Turkey is popular again with British tourists, says Thomas Cook image
Source : Guardian [Read Article] Thursday 27th of July 2017 03:04:18 PM
....Thomas Cook also plans to restart holidays in Tunisia now that Britain has softened its travel advice to the country following a militant attack in June 2015. Business for tour operators such as Thomas Cook has suffered in the Middle East and north Africa in recent years as security issues deterred visitors, with travel firms laying on more holidays to the western Mediterranean to compensate. ...
Bank of America to move some City of London roles to Dublin post-Brexit image
.... Citi will also beef up its presence in the German city to allow its sales and trading activities to continue across the EU should the UK lose the “passporting rights” that allow firms to conduct business seemlessly across borders. “It is not yet possible to assess the outcome or timing of the Brexit negotiations, but in certain circumstances we may need to create approximately 150 new roles located in the EU,” said Jim Cowles, who runs Citi’s operations in Europe, the Middle East and Africa, in an email to staff this week. ...
Christie’s reports soaring sales of £10m-plus art image
Source : Guardian [Read Article] Wednesday 19th of July 2017 09:27:36 AM
....”. Spending grew across all regions, with American-based clients accounting for 35% of sales value, and those from Europe, the Middle East, Russia and India for 30%. ...
'City will have to launch Brexit plans if there is no transitional deal' image
.... These passporting rights mean that banks can operate out of London in other members of the EU without the need for extra regulatory approval. James Cowles, who runs Citi’s operations in Europe, the Middle East and Africa, said in January: “Our issue is with our broker dealer, which is located in the UK and will lose, presumably, passporting rights. ...
Barclays bank and former bosses to stand trial in January 2019 image
Source : Guardian [Read Article] Monday 17th of July 2017 11:52:18 AM
.... Kalaris ran the bank’s wealth management arm. Jenkins is a former head of Middle East and north African investment banking and Boath is a former head of the bank’s European financial institutions group. ...
The man who won a landmark legal battle for same-sex pension rights image
Source : Guardian [Read Article] Monday 17th of July 2017 06:00:43 AM
....Walker is in many ways an archetypal establishment figure. Born in Wiltshire and educated at Harrow, he is a member of the Conservative party, served a five-year commission in the army and worked in the Middle East for a British trading operation before joining Innospec in 1980. ...
One in three Burberry shareholders revolt against executive pay deal image
Source : Guardian [Read Article] Thursday 13th of July 2017 03:37:20 PM
.... Bailey will now focus on his creative role under the title of president. The new appointment followed pressure from shareholders concerned that Bailey was struggling to handle his dual role in a luxury goods market faced with slowing sales across key markets such as China and the Middle East. ...
Uber stages retreat in Russia as it merges with rival Yandex image
Source : Guardian [Read Article] Thursday 13th of July 2017 11:12:55 AM
.... Both brands will continue to operate, but the driver-side apps will be merged into one, the company said. “The new company’s goal will be to serve the needs of riders, drivers and cities as we develop a fast-growing, sustainable ride-sharing, food delivery and logistics business in the region,” said Pierre-Dimitri Gore-Coty, Uber’s boss in Europe, the Middle East and Africa. ...
US 'will become one of the world's top gas exporters by 2020' image
Source : Guardian [Read Article] Thursday 13th of July 2017 07:00:01 AM
....Fracking has already opened up US shale oil and gas deposits, leading to a fall in gas prices and a drop in greenhouse gas emissions as power generation switches from coal to gas, as well as reducing America’s historical reliance on fossil fuel imports. But an increase in US gas production over the next five years will cause another revolution as the country begins liquefying and shipping gas to Asia, Europe and the Middle East, the International Energy Agency said. ...
Carillion has 'no future without rights issue of at least £500m' image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:20:18 AM
....Meetings through Saturday and Sunday produced an 800-word statement to the stock exchange, which shocked the City when it was released at 7am on Monday morning. It was a monster profit warning following an £845m writedown, of which £375m related to three large public private partnership (PPP) contracts in the UK and £470m to the cost of pulling out of several markets in the Middle East and Canada. ...
Burberry drops plans to redevelop Leeds mill despite pick-up in sales image
Source : Guardian [Read Article] Wednesday 12th of July 2017 01:52:25 PM
.... Burberry’s backpacks were the best seller, overtaking the Banner bag. The strong Asian sales and ongoing UK growth helped offset declines in the Middle East, the US and in some continental European areas including Italy, where Brown said Burberry faced tough competition from local luxury labels. ...
Carillion has paid a heavy price for too many risky contracts | Nils Pratley image
.... Even the cash costs of fixing the bad contracts, estimated at £100m to £150m, are equivalent to a year’s profit at the upper end. The source of Carillion’s woes is just four contracts, three in the UK and one in the Middle East, plus the cost of getting out of markets in Canada and the Middle East. ...
Carillion boss steps down as shares crash 40% image
Source : Guardian [Read Article] Monday 10th of July 2017 09:40:51 AM
....Carillion has worked on the £400m Battersea power station revamp in London, the £335m Royal Liverpool University hospital, Birmingham’s flagship library and the expansion of Liverpool FC’s main stand at Anfield. But some of these projects have run into problems, and the firm announced a writedown of £845m related to three big public-private partnership (PPP) projects in the UK, including the Royal Liverpool, and the cost of pulling out of construction projects in the Middle East and Canada. ...
Brexit hitting house prices is A MYTH: THIS is the real issue, says top estate agent image
. The estate agent has seen home hunters from across Asia and the Middle East flocking to scoop up property amid the weaker pound, cancelling out a pause among European buyers. ...
How much?? image
Source : BBC [Read Article] Tuesday 4th of July 2017 10:26:38 PM
....Mark Maclaine, who co-founded the agency, Tutorfair, in 2012 after over a decade of tutoring, says overseas demand is enormous and growing. His overseas customers are mostly from Asia, the Middle East, eastern Europe and Russia. ...
Ex-Barclays chief John Varley appears in court over fraud charges image
Source : Guardian [Read Article] Monday 3rd of July 2017 06:18:16 PM
.... Kalaris ran the wealth management arm of Barclays. Jenkins is a former head of Middle East and north African investment banking, and Boath is a former head of the bank’s European financial institutions group. ...
Here to serve image
Source : BBC [Read Article] Sunday 2nd of July 2017 11:14:24 PM
....The business he runs, Frasers Hospitality, is one of the world's biggest providers of high-end serviced apartments. Its 148 properties span about 80 capital cities, as well as financial hubs across Europe, Asia, the Middle East and Africa. ...
What’s your policy when it comes to having a perfect holiday? image
Source : Guardian [Read Article] Sunday 2nd of July 2017 06:00:21 AM
....99 with InsureandGo. Since March 2017, government rules ban travellers from taking laptops and tablets above a certain size into airline cabins on flights originating from some countries in the Middle East. ...
Barclays: who are the four charged bankers? image
Source : Guardian [Read Article] Tuesday 20th of June 2017 02:17:46 PM
....Roger Jenkins, 61, was once Britain’s highest-paid banker earning up to £40m a year. The former Barclays head of investment banking and investment management in the Middle East was credited with finding the investors who helped the bank escape a taxpayer bailout. ...
Senior Barclays bankers charged with fraud over credit crunch fundraising image
....Barclays said it was considering its position in relation to these developments and awaiting further details of the charges. Jenkins, who left Barclays in 2009, was known as the executive who was paid £40m in one year and credited with finding the Middle Eastern investors who poured billions into the bank at the height of the crisis. ...
BAE 'secretly sold mass surveillance technology to repressive regimes' image
Source : Guardian [Read Article] Wednesday 14th of June 2017 11:01:23 PM
. BAE, Britain’s biggest arms company, secretly sold mass surveillance technology to six Middle Eastern governments that have been criticised for repressing their citizens, the BBC has reported. ...
Qantas executive says Qataris won't be allowed on flights via Dubai after UAE ban image
....Qatari nationals will not be allowed to board Qantas flights via Dubai because the United Arab Emirates has banned them from passing through its airports after Arab powers cut ties with Qatar, an executive at the Australian airline has said. Several Middle Eastern countries, including Saudi Arabia, Egypt and the United Arab Emirates, cut ties with the tiny Gulf state on Monday over what they say is Qatar’s support for terrorism, a claim Qatar vehemently denies. ...
Philippines partially lifts Qatar workers ban image
Source : BBC [Read Article] Wednesday 7th of June 2017 01:30:04 AM
.... . More than two million documented Filipinos work in the Middle East, with about 140,000 based in Qatar. ...
Qatar row: Calls for diplomatic talks to end Gulf crisis image
Source : BBC [Read Article] Tuesday 6th of June 2017 04:03:56 AM
....Meanwhile, US President Donald Trump has said he was told during his recent visit to Saudi Arabia that Qatar was funding "radical ideology". "During my recent trip to the Middle East I stated that there can no longer be funding of Radical Ideology. ...
Qatar row: Five countries cut links with Doha image
Source : BBC [Read Article] Monday 5th of June 2017 07:13:41 AM
.... Qatar has repeatedly denied ties to Iran in the past. While on a visit to Riyadh two weeks ago, the US President Donald Trump urged Muslim countries to take the lead in combating radicalisation, and blamed Iran for instability in the Middle East. ...
Suffered BA’s weekend from hell? Find out what compensation is on offer image
.... Often consumers are left with little choice but to seek recompense through their credit card supplier or travel insurer,” he adds. “Those using airlines, say, from the Middle East, may find that they face the same difficulties; however, some non-EU airlines actually incorporate EU regulations into their terms and conditions. ...
Petrofac's move to appease SFO offers fuel for thought | Nils Pratley image
....But one can see why the board rejected that option. Asfari, with his network of contacts in the Middle East plus a role as a UK trade ambassador, is the public face of Petrofac and the man who makes the company tick. ...
Trapped in debt image
Source : BBC [Read Article] Thursday 25th of May 2017 11:21:21 PM
....The vision for Hambantota was that it would bring more ships to Sri Lanka, and ease pressure on the Colombo port, one of Asia's most important container terminals. Sri Lanka is located on the sea route that sees oil shipments travel from the Middle East, making energy security a key reason China was keen to invest. ...
Cathay Pacific cuts hundreds of jobs in major shake-up image
Source : BBC [Read Article] Monday 22nd of May 2017 02:21:31 AM
.... . Cathay has been facing tough competition from Chinese and Middle Eastern airlines that have expanded rapidly in the Asia Pacific region. ...
What $110m for a Basquiat painting tells us about the art market image
Source : Guardian [Read Article] Friday 19th of May 2017 11:24:38 AM
....The UK sits in third, partly due to the prestigious London auction houses owned by Sotheby’s and Christie’s among others. The buyers vying for the most expensive works are: wealthy collectors from the US, Russia and the Middle East; states with deep pockets; or in some cases, museums. ...
Mothercare looks to almost halve number of UK stores image
Source : Guardian [Read Article] Thursday 18th of May 2017 06:10:59 PM
....Pruning the UK chain, which has racked up losses of close to £100m over the last six years, has put it on the road to recovery with analysts predicting it will move into profit next year. In recent years Mothercare has been forced to fall back on the success of its large overseas business but that is now facing headwinds of its own as shoppers in the Middle East – its biggest regional market outside the UK – spend less because of the slump in the oil price. ...
$6.40 an hour for nine years: how I got stuck in a career as a Walmart employee image
....Nathan firmly believed that any form of federal intervention in his personal life was “communism. ” His idea of foreign policy was to “blast the Middle East into one big, gleaming sheet of glass. ...
Fanning the flames image
Source : BBC [Read Article] Wednesday 17th of May 2017 02:33:21 PM
....The feeling is that the people at the US Department for Homeland Security will take their decision in isolation from the safety people at the US Federation Aviation Administration. That's what happened when the current laptop ban on some flights from the Middle East was brought in. ...
Tory donor questioned by SFO over corruption claims at Petrofac image
Source : Guardian [Read Article] Friday 12th of May 2017 04:47:44 PM
.... The chief operating officer, Marwan Chedid, has also been interviewed under caution by SFO investigators. According to its website, Petrofac is focused on Africa and the Middle East. ...
Why the global markets are ignoring the global turmoil | Nouriel Roubini image
....At the same time, Russia has maintained its aggressive behaviour in the Baltics, the Balkans, Ukraine, and Syria. The Middle East still contains multiple near-failed states such as Iraq, Yemen, Libya, and Lebanon. ...
Hanging up the microphone image
Source : BBC [Read Article] Sunday 7th of May 2017 11:23:22 PM
....Co-owned with a former boss of Kentucky Fried Chicken, KRR was initially a great success, and grew strongly. Within five years it had more than 400 restaurants across the US, Canada, the Middle East and Asia, and was so well-known in the US that it was even the central focus of one episode of hit comedy show Seinfeld. ...
Lancashire living rooms: the backdrop to cottage industry revolution image
Source : Guardian [Read Article] Saturday 6th of May 2017 12:02:08 PM
....The Front Room Factories film, which premieres at the festival on Saturday, follows Bilal as she dreams of taking her “fusion pies” beyond the streets of Blackburn. Also featured is Rizwana Matadar, a young Muslim designer from Bolton selling modest but fashionable clothes to the UK and the Middle East under her Cover Me brand; business analyst Ami Gleeson who spends her evenings making children’s clothes in her Preston living room under the label Ida and Rudy (named after her own two small children); and a man who makes modernist tealight holders in his Pennine conservatory. ...
Cybercrime on the high seas: the new threat facing billionaire superyacht owners image
....The cybercrime session was one of the most popular at the Superyacht Investor London conference, where the industry was celebrating the best annual sales since the 2008 financial crisis. Over lunch of smoked salmon and roast chicken, superyacht builders and financiers discussed the best ways to win over new customers in growing but underexploited markets such as China and the Middle East. ...
As wind, wave and shale power converge, could this be the end for Opec? image
....“My view is that oil prices will probably carry on falling forever, and $50 is a high price for oil, not low,” the University of Oxford professor told an audience in London last week. Helm described his book as “very bleak” about the fate of the Middle East’s oil producers, who he warns face challenges “at best uncomfortable and at worst close to existential”. ...
Hummus 'crisis' sheds light on secret world of mass food production image
Source : Guardian [Read Article] Saturday 29th of April 2017 08:00:25 AM
....A far-sighted Waitrose was the first British supermarket to stock hummus in the 1980s, with others following in the next decade. Chefs such as Yotam Ottolenghi, Claudia Roden and the Lebanese chef and author Anissa Helou have done much to popularise Middle Eastern foods in recent years, with shoppers now viewing hummus as a grocery staple. ...
Hummus crisis? What hummus crisis? image
Source : BBC [Read Article] Wednesday 26th of April 2017 11:40:00 AM
....Sainsbury's and Marks & Spencer have been forced to withdraw parts of their ranges from stores due to a "production issue". With Britain consuming around 12,000 tonnes of the stuff a year, the shortage has led to social media hysteria over the Middle Eastern dip. ...
Lockheed Martin profits take fall, despite sales increase image
Source : BBC [Read Article] Tuesday 25th of April 2017 05:20:59 PM
....Chief executive Marillyn Hewson said Lockheed profits took a hit this quarter on a defence programme for an international customer. Lockheed also reduced the value of a joint venture in the Middle East, which is not seeing as much demand as expected. ...
Hummus shortages after shops remove dip from sale over 'taste issues' image
Source : Guardian [Read Article] Tuesday 25th of April 2017 01:18:52 PM
. Lovers of Middle Eastern cuisine are bracing themselves for a new kind of double dip recession as both Sainsbury’s and Marks & Spencer face a shortage of hummus. ...
Accountants Grant Thornton fined £2.3m over audit image
Source : BBC [Read Article] Monday 24th of April 2017 02:48:48 PM
....AssetCo subsequently teetered on the verge of insolvency and the FRC is currently taking action against three of the firm's former executives. Based in Monmouthshire, the firm now operates only in the Middle East. ...
Now on sale: Jimmy Choo (the whole company) image
Source : Guardian [Read Article] Monday 24th of April 2017 08:25:28 AM
.... The company floated on the stock market in 2014 at a price of 140p a share, valuing it at about £550m. Any sale is expected to attract interest from strategic American buyers as well as Middle Eastern, Chinese and Russian bidders. ...
Jimmy Choo seeks well-heeled buyer image
Source : BBC [Read Article] Monday 24th of April 2017 06:35:35 AM
....Now the British firm is going on a strut of its own, as its board puts the business up for sale. Valued at about £700m, analysts believe Jimmy Choo could attract attention from rival luxury houses along with Chinese, Middle Eastern and Russian buyers. ...
Unilever sales rise on higher prices image
Source : BBC [Read Article] Thursday 20th of April 2017 08:45:55 AM
.... The Swiss company highlighted the strength of its skin care products and of Nespresso, which is gaining traction in North America. The firm also said Nescafe pricing was up in Europe, the Middle East and North Africa. ...
Burberry's sales growth slows despite 'exceptional' UK performance image
Source : Guardian [Read Article] Wednesday 19th of April 2017 05:23:32 PM
.... Julie Brown, chief operating and financial officer, told analysts that UK sales were up by nearly 40% in the six-month period. However, sales in Hong Kong, Korea and the Middle East all fell as a result of local factors including travel restrictions and the falling oil price. ...
Emirates to cut US flights after Trump travel restrictions image
Source : BBC [Read Article] Wednesday 19th of April 2017 04:33:04 PM
. Emirates will reduce flights to five US cities from next month, after new security rules targeted travellers from the Middle East. ...
Rachel Whetstone: from Tory power broker to Silicon Valley PR guru image
Source : Guardian [Read Article] Thursday 13th of April 2017 03:02:53 PM
....She moved back into the corporate world, joining Google in 2005 and rising to become senior vice-president of communications and public policy. DJ Collins, founder of the PR firm Milltown Partners and Google’s vice-president of communications and policy for Europe, the Middle East and Africa, worked with Whetstone for seven years. ...
Starbucks says Brexit vote hit UK profits image
Source : BBC [Read Article] Thursday 13th of April 2017 01:33:41 PM
....Starbucks said that UK investment and restructuring costs had also affected its profits. Martin Brok, the president of Starbucks in Europe, the Middle East and Africa, said: "Whilst there are undoubted challenges presented by a more cautious consumer environment, lower High Street footfall, and adverse currency impacts, we are investing significantly to drive innovation in our food and coffee offering, and are greatly encouraged by our customers' response. ...
Starbucks blames UK profits plunge on Brexit and slowing growth image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:32:31 PM
.... Today just over a third of its 894 stores are actually company-run. “Whilst there are undoubted challenges presented by a more cautious consumer environment, lower high street footfall, and adverse currency impacts, we are investing significantly to drive innovation in our food and coffee offering, and are greatly encouraged by our customers’ response,” said Martin Brok, president of Starbucks Europe, Middle East and Africa (EMEA) region. ...
Pound falls on weak UK economic data image
Source : BBC [Read Article] Friday 7th of April 2017 11:52:23 AM
....Elsewhere, stock markets remained wary following news of the US missile attack on a Syrian government airbase. Worries over disruption to oil supplies in the Middle East sent Brent crude 0. ...
Oil price jumps after US strike on Syria image
Source : BBC [Read Article] Friday 7th of April 2017 07:14:20 AM
.... . Syria has limited oil production, but its location in the Middle East and alliances with big oil producers raised worries about a spreading conflict that could disrupt crude shipments. ...
Mothercare to raise prices after pound's Brexit slide image
Source : Guardian [Read Article] Friday 7th of April 2017 06:45:25 AM
.... International sales were down 1. 7% in constant currency as shoppers in the Middle East – its biggest regional market outside the UK – spent less because of the slump in oil prices. ...
Non-stop Sydney-to-London flights could happen by 2022, says Qantas image
Source : Guardian [Read Article] Thursday 6th of April 2017 12:30:29 AM
....”. Airbus, Boeing and engine manufacturers are constantly investing to reduce fuel usage, extending a plane’s range and its ability to perform in hot conditions such as the Middle East. ...
The property billboards that reveal the truth about Britain’s luxury housing market image
....3bn joint venture by the Canary Wharf Group and Qatari Diar will see 900 flats squeezed in behind the London Eye and packed so close together that, according to an independent survey, a third will fall below the minimum daylight standards. The estate agents’ sales strategy identifies the target market as “international tycoons” and “Middle Eastern couples”, but I give it a go anyway. ...
Leading City firms begin to lay groundwork for London jobs exodus image
Source : Guardian [Read Article] Thursday 30th of March 2017 01:06:02 PM
....”. Citi confirmed to staff that London would remain its headquarters for Europe, Middle East and Africa (EMEA) and an “important global hub”. ...
Lloyd’s of London will move jobs to new Brussels office image
Source : Guardian [Read Article] Wednesday 29th of March 2017 05:21:41 PM
....Lloyd’s headquarters will remain in London, but its chief executive, Inga Beale, will regularly visit the Brussels hub, alongside the market’s other overseas offices. The new subsidiary will be similar to its Dubai office, which serves clients in the Middle East and north Africa, and its China company based in Beijing, which operates with 26 underwriting divisions. ...
Toshiba's Westinghouse files for US bankruptcy image
Source : BBC [Read Article] Wednesday 29th of March 2017 07:15:32 AM
.... . Its European business, including the UK, as well as its Asian, Middle East and African operations would see no impact, helped by the firm securing $800m (£650m) of extra financing, Toshiba said. ...

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