Goldman urges government to make Brexit transition deal

Goldman urges government to make Brexit transition deal

A “significant” Brexit transitional period needs to be agreed as soon as possible, to stop jobs being moved from the UK to Europe, according to the boss of Goldman Sachs International. Chief executive Richard Gnodde told the BBC he was spending money “every single day” on contingency plans for Brexit. The plans involve taking on more staff in Goldman’s European offices to serve EU customers post-Brexit. If a transitional deal was in place he could…

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Laptop ban: US lifts restrictions on Saudi Arabian flights

Laptop ban: US lifts restrictions on Saudi Arabian flights

The ban on laptops in cabins of direct flights from Saudi Arabia to the United States has been lifted according to Saudi Arabian Airlines. It says two hub airports which serve the US have received clearance from the US Department of Homeland Security. Riyadh’s King Khalid airport is the last of 10 airports to be exempted from the ban. In March, the US banned laptops and other large electronic devices to and from eight mostly…

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‘Rip-off’ credit and debit card surcharges to be banned

‘Rip-off’ credit and debit card surcharges to be banned

Extra charges for customers who pay for goods or services with credit or debit cards are to be outlawed from next year. It will bring an end to levies of up to 20% on consumers paying for products such as flights or takeaways just because they use a card. The new rules also cover charges levied by local councils and Government agencies such as the DVLA. The Treasury estimates the total value of such surcharges…

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Bank of England To unveil new plastic £10 note

Bank of England To unveil new plastic £10 note

The full design of the new plastic £10 note will be revealed by Bank of England governor Mark Carney at Winchester Cathedral on Tuesday. The note, which follows the polymer £5 note into circulation, is likely to be available for use in September. It will feature a portrait of Jane Austen and is being launched on the 200th anniversary of her death. A limited supply of a new £2 coin honouring the author has also…

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Microsoft Appoints Akin Banuso as New GM For Nigeria

  Microsoft has announced the appointment of Akin Banuso, a seasoned technology professional and thought leader within the technology ecosystem as the new General Manager for Nigeria. Banuso will lead the company’s digital transformation drive in one of the most dynamic, innovative and largest economies on the continent. “I am very excited to lead the Microsoft business in Nigeria. Our mission is to empower every person and every organization on the planet to achieve more,…

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Qatar wants monetary compensation for Arab embargo

Qatar wants monetary compensation for Arab embargo

Qatar plans to help citizens and companies claim compensation for their losses from what the country calls a “blockade” by its neighbors. The small Gulf nation on Sunday announced the formation of a special committee with which individuals and firms can file claims for damages. The committee will help legally pursue the claims, according to Qatar’s justice ministry. “We are confident that Qatari lawyers can defend Qatar and its symbols through proper legal procedures,” the…

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Deutsche Bank Is Said to Retreat From London for Frankfurt

Deutsche Bank Is Said to Retreat From London for Frankfurt

German bank would move assets booked in U.K. to home nation Plan is response to both Brexit and investment bank overhaul     Deutsche Bank’s Plans for a Post-Brexit Landscape Follow @Brexit for all the latest news, and sign up to our daily Brexit Bulletin newsletter. Deutsche Bank AG is preparing to move large parts of the trading and investment-banking assets it currently books in London to its hometown of Frankfurt in response to Britain’s…

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One of Oil’s Most Prominent Bulls Is Sounding Like a Pessimist

One of Oil’s Most Prominent Bulls Is Sounding Like a Pessimist

    One of oil’s most prominent bulls is starting to sound like a skeptic. The global crude market has “materially worsened” and prices may be stuck around $50 a barrel or below, storied hedge fund manager Andy Hall said in an investor letter this week, reversing the optimistic tone he’d taken for months. Crude prices are down 16 percent for the year, amid signs that rising U.S. output will undercut production cuts ordered by…

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UN to Meet on North Korea After U.S. Confirms Rocket Was ICBM

UN to Meet on North Korea After U.S. Confirms Rocket Was ICBM

North Korea says aims to have ICBM that can hit U.S. this year Kim Jong Un calls missile a ‘gift’ for July 4 in U.S.   North Korea Tensions Set to Dominate G-20 The United Nations Security Council will hold an emergency meeting later Wednesday after the U.S. confirmed North Korea’s rocket launch on July 4 was its first intercontinental ballistic missile. As North Korean leader Kim Jong Un bragged about sending more “gifts” to…

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Currency Fears Are Delaying Kenya’s Plan to Introduce Derivatives

Currency Fears Are Delaying Kenya’s Plan to Introduce Derivatives

Regulator studying potential impact on nation’s shilling Nairobi exchange planning currency, equity derivates Kenya’s central bank blocked plans to introduce foreign-exchange derivatives in the country as it determines how the instruments may affect the nation’s currency, according to the Nairobi Securities Exchange. The regulator has also yet to approve the use of banks as clearing members for derivatives trades, delaying the introduction of single-stock and equity-index futures, Geoffrey Odundo, the bourse’s chief executive officer, said…

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