The city of Shanghai is in danger of losing its status as a financial hub, as international bankers and traders consider fleeing the city to escape its brutal coronavirus lockdown – and the perpetual threat of further lockdowns imposed without notice under China’s “dynamic zero-Covid” policies.
Brexit Britain has outpaced the entire European Union, the Middle East, and Africa in fintech investment during the first half of the year.
The economic future of Brexit Britain has defied doomsday Remainer warnings yet again, as some 1,000 financial firms in the European Union are planning to open up offices in the UK and London has been declared as the top city
Boris Johnson has told Angela Merkel that he is prepared to take the UK out of the EU’s institutions on January 1st without a deal. Meanwhile, Michel Barnier has hinted that the EU is ready to grant the City of London access to European markets after the transition period.
The European Commission has drawn up a list of 40 different types of financial services it could threaten to block from the EU’s market if the UK diverges from Brussels’ regulations after Brexit. The Queen gave Royal Assent to the
Theresa May has reportedly struck a deal giving the UK’s financial services firms continued access to European Union (EU) markets after Brexit, by agreeing to mirror the bloc’s regulations.
