Thursday

29th Jun 2017

Ticker

UBS bank may move 1,500 London jobs

UBS chief Sergio Ermotti said that "probably 20 to 30 percent" of the 5,000 people employed by the Swiss bank in London would be moved to other EU countries when the UK leaves the EU. "We believe that London will continue to be an important financial centre, although maybe not as important as it is today," Ermotti told Japan's Nikkei daily.

EU mulls post-Brexit budget options

EU seeks novel ways to plug a Brexit-based budget hole of up to €11 billion, but income from fines, such as the one on Google, cannot be relied on.

Slovenia and Croatia reignite border dispute

Croatia said it would not apply a ruling to be delivered by the international arbitration court on Thursday. Slovenia appeals to the EU to pressure its neighbour.

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