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HSBC, UBS to shift 1,000 jobs each from UK in Brexit blow to London


DAVOS, Switzerland Two of Europe's biggest banks warned on Wednesday that they could each move about 1,000 jobs out of London as they prepare for expected disruption caused by Britain's exit from the European Union.


Goldman could move up to 1,000 London staff to Frankfurt - Handelsblatt 7:33pm GMT

BERLIN Goldman Sachs is considering moving up to 1,000 staff from London to Frankfurt because of concerns over Britain's vote to leave the European Union, Germany's Handelsblatt newspaper reported on Thursday, citing financial sources.


UBS Chairman says 1,000 London-based employees could be hit by Brexit - BBC 4:50pm GMT

LONDON UBS Chairman Axel Weber has said that around 1,000 of the Swiss bank's 5,000 employees based in London could be impacted by Britain's exit from the European Union.


Ryanair says it could scrap UK domestic routes after Brexit 4:46pm GMT

DUBLIN Ryanair's could scrap its small number of routes within Britain once the country leaves the European Union, rather than take steps to comply with new regulations, its chief financial officer said on Wednesday, a company spokesman said.


Airbus voices concern about 'hard Brexit' 4:45pm GMT

PARIS Planemaker Airbus expressed concern on Wednesday about the prospect of a clean break between Britain and the European Union under what has been dubbed "hard Brexit".


Hands off EU, Trump; we don't back Ohio secession: Juncker 4:17pm GMT

BRUSSELS Donald Trump should lay off talking about the break-up of the European Union, the bloc's chief executive said on Wednesday, pointing out that Europeans do not push for Ohio to secede from the United States.


Johnson raises hackles over WW2 'punishment beatings' jibe at Hollande 4:14pm GMT

NEW DELHI Just as British ministers were hoping to win EU leaders' support for their newly revealed Brexit plan, Foreign Secretary Boris Johnson raised hackles by comparing any attempt to punish Britain to a World War Two escape movie. | Video


Supreme Court says it will give Brexit trigger case ruling on Tuesday 4:12pm GMT

LONDON The United Kingdom's Supreme Court will deliver its ruling next Tuesday on whether Prime Minister Theresa May can begin leaving the European Union without parliament's assent, potentially giving lawmakers a chance to have a vote on Brexit.


EU leaders welcome Brexit clarity, Merkel says EU united ahead of talks 3:29pm GMT

BERLIN EU leaders on Wednesday welcomed clarity from Britain over what it wants from Brexit talks, with Germany's Angela Merkel promising a united front in what will be "very intensive" negotiations.

Netherlands bids to hosts EU drugs agency, replacing Britain 3:23pm GMT

FRANKFURT The Dutch government on Wednesday joined several other European Union states in bidding to become the host country of the European Medicines Agency (EMA) once Britain leaves the bloc.


Germany set for federal election on Sept 24, Merkel seeks fourth term

BERLIN Germany looks set to hold its federal election on Sunday 24 September, with Chancellor Angela Merkel seeking a fourth term in office and the anti-immigrant Alternative for Germany party expected to enter the national parliament for the first time. | Video

France's ruling Socialists to stay in race for presidency despite poor ratings

PARIS France's ruling Socialist Party (PS) will stay in the running for the presidency no matter what despite poor opinion poll ratings, its top official said on Wednesday, while acknowledging a divided Left has little chance of winning.


Spate of strong earthquakes hit snowbound central Italy, one dead

ROME A series of strong earthquakes hit snowbound central Italy on Wednesday, a region devastated by deadly tremors last year, killing one man and forcing schools and rail links to close. | Video

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