Tag Archives: due

London to lose $900 billion to Frankfurt due to Brexit, German finance group claims

Boris Roessler | Picture Alliance | Getty Images The skyscrapers of Frankfurt’s banking metropolis. London is predicted to lose up to 800 billion euros ($909 billion) of assets by March next year, as banks move their business operations to other hubs before Brexit takes place. Lobby group Frankfurt Main Finance (FMF) released the figure last week, which it calculated based ... Read More »

Fifa bribery trial due to kick off in New York court on Monday

The trial of the Fifa officials is part of a sweeping criminal probe in which US prosecutors have charged 42 people and entities. Photo: Reuters New York: More than two years after US prosecutors unveiled a sweeping corruption case that rocked Fifa, soccer’s world governing body, three former officials linked to the organization are due to face trial on graft charges ... Read More »

German Economy Minister cancels trip to Iran due to sickness

German Economy Minister Sigmar Gabriel has canceled his planned trip to Iran, saying that he is sick. Reuters reports that he was scheduled to co-chair an economic conference, along with his Iranian counterpart Ali Tayyebnia. There is no information yet about plans to reschedule the event. Germany is looking to increase its exports to the Islamic Republic now that the international sanctions ... Read More »