Frankfurt has emerged as the biggest winner in the fight for thousands of London-based jobs that will have to be relocated to new hubs inside the European Union after Brexit. Standard Chartered Plc, Nomura Holdings Inc. and Daiwa Securities Group Inc. have picked the German city for their EU headquarters to ensure continued access to the single market. Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley are weighing a similar decision, said people familiar with the matter, asking not to be named because the plans aren’t public. Source: Bloomberg
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The head of MI5 has said Britain is now facing the worst terror threat he has ever seen in his 34-year career. Andrew Parker, director general of the security service, gave a rare public speech, calling the threat “multi-dimensional, evolving rapidly and operating at a scale and pace we’ve not seen before”. Source Evening standard
Unemployment among native Swedes fell to 3.9 percent in August – the lowest level since August 2008 before the financial crisis, according to statistics by national job agency Arbetsförmedlingen. A total of 22 percent of people born outside of Sweden were registered as unemployed at the end of August. Source TheLocal
Russian President Vladimir Putin approved plans to launch the country’s own cryptocurrency, Russian Minister of Communications Nikolay Nikiforov said Sunday. Source: Daily Sabah