Friday

18th Aug 2017

Ticker

London finance hub menaced, says Sweden

A UK exit from the EU would precipitate the fall of London as a top-class financial hub, said Swedish Finance Minister Anders Borg on Wednesday. “It would be very difficult to see London remain a financial center," said Borg, reports Bloomberg. London is Europe's largest financial and banking centre.

News in Brief

  1. Macedonia sacks top prosecutor over wiretap scandal
  2. ECB concerned stronger euro could derail economic recovery
  3. Mixed Irish reactions to post-Brexit border proposal
  4. European Union returns to 2 percent growth
  5. Russian power most feared in Europe
  6. Ireland continues to refuse €13 billion in back taxes from Apple
  7. UK unemployment lowest since 1975
  8. Europe facing 'explosive cocktail' in its backyard, report warns

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