Frankfurt is emerging as the frontrunner in the battle for the post-Brexit spoils, as the German city lures banks and jobs out of London amid uncertainty over divorce talks. After months of stalled negotiations in Brussels between Britain and the EU left London’s future shakier than ever, a growing number of banks are stepping up their contingency plans by leasing office space in other European cities. While rival hubs have jostled to attract London’s bankers, Frankfurt – the city known by locals as Mainhattan, indicating its dreams of financial stardom – has established a clear edge over competitors such as Paris, Dublin and Amsterdam.
Experts have made a gloomy prognosis: in 2030, Germany could be missing up to three million skilled workers. And ten years later this figure could rise to 3.3 million, according to a study published on Wednesday. The study, conducted by swiss research institute Prognos AG on behalf of the Bavarian Industry Association (vbw), predicts Germany will lack millions of skilled workers, technical and medical workers and researchers in the near future.
UBS is mulling over shifting its trading headquarters from London to Frankfurt inside the European Union (EU), post Brexit, as Bloomberg report. The Swiss firm’s investment bank employs about 4,800 bankers globally and could move 250 or more jobs out of London to Frankfurt and other European locations, two of the people briefed on the deliberations said, asking not to be identified as the talks are private.
Brexit is set to deliver a much-heralded jobs boom with over 80,000 new roles to be created in Frankfurt. A new report released by lobby group Frankfurt Main Finance found that the expected influx of 10,000 financial services staff over the next four years - fuelled by relocation plans and a banking exodus from London - will result in the creation of up to 87,667 new roles throughout the Rhein-Main-Region.
Amidst almost universal accolades for the Tesla Model S, an environmental minister for the German state of North Rhine-Westphalia has done the unthinkable. He has returned the Model S he used for official business, claiming it has several drawbacks that make it unsuitable for everyday driving.
After a two-year avalanche of revelations – from diesel emissions manipulation to claims of cartel collusion – German politicians will give car executives an unusually chilly reception in Berlin on Wednesday. At an emergency “diesel summit” increasingly jittery federal politicians and leaders of car-building states – Bavaria, Lower Saxony and Baden Württemberg – will read auto executives the riot act over their handling of a scandal with growing political and economic consequences.
German newspaper Spiegel cited documents submitted by VW and another by Daimler, purportedly revealing that Volkswagen, Daimler and BMW are being investigated by Germany’s Federal Cartel Office on suspected antitrust collusion over decades on technology relating to exhaust gas measures on diesel vehicles. The report shows that the companies have been secretly meeting in various working groups since the 1990s, where they agreed on technologies, costs, suppliers and even how to work on emissions from diesel engines.
Deep-freeze logistics company Nordfrost has won a copyright lawsuit against a Swedish neo-Nazi organization, local media reported Wednesday. The firm claimed that the Nordic Resistance Movement (NRM) using the term "Nordfront" for their website and promotional materials could be mistaken for their brand. "The two labels are phonetically and visually similar, differentiated only by one letter," read Nordfrost's complaint, according to Austrian public broadcaster ORF. The German firm successfully argued that the names were too similar and that there was “an obvious risk that third parties will mistakenly get the impression that there is a commercial link".
Germany's financial hub, Frankfurt, is trying to attract its share of the Brexit-driven banker exodus from London by appealing to "risk takers" working in the financial sector. The UK is widely expected to lose financial passporting rights after its EU exit, which would represent a huge blow to its financial services industry. The EU's passporting rules allow businesses to sell services across the union from anywhere within it and only require companies to be regulated in one country, rather than everywhere they operate.
Germany and China continue to have great trade surpluses while the US trade deficit has not yet been corrected by the Trump administration. Oil is still the most important source of energy with the Middle East a main supplier. Given these additional factors, it should be clear that any disturbance will have far-reaching consequences since the Fed, ECB and BoJ cannot lower interest rates to fend off a recession or depression. The huge injections of liquidity into the global financial system in recent years have had the result among others of producing little or no growth.
MGF Fall Edition is Presenting twelve High Growth companies both public and private
MGF Fall Edition is Presenting twelve High Growth companies both public and private i
"Investire nel mattone" è probabilmente una delle scelte meno rischiose. La casa è un bene rifugio
Two years after two historic global agreements were established, leaders and other change agents in
Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.
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