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Cathay Pacific ‘sacks staff involved in Hong Kong protests’

Hong Kongs flag carrier airline Cathay Pacific has reportedly sacked two airport employees and suspended a pilot in relation to ongoing anti-government protests in the city. The operator took the decision after telling staff on Saturday it would bar any “overly radical” employees from crewing flights to the mainland and said it had removed a pilot who was arrested at
Money

North Korea fires ‘short-range ballistic missiles’

North Korea has fired two missiles into the sea, which South Koreas military believe to be short-range ballistic missiles. It is the fifth launch of its kind in recent weeks, and if confirmed, would be a breach of 11 UN security council resolutions. Read more: Trump makes history by stepping into North Korea The two missiles were fired at 5:34am and 5:50am local
Money

Gove: We will spend ‘whatever it takes’ on no-deal Brexit

The government is prepared to spend “whatever it takes” to ensure Britain is prepared for a no-deal Brexit, Michael Gove has said. Read more: Boris Johnson warns civil servants against complacency over no-deal Brexit “The government has done a lot to prepare but there is still a lot to do,” Gove – who is responsible for no-deal preparations – told reporters in Northern
Money

City Moves for 9 August – Who’s switching jobs?

Todays City Moves includes Assurant, OSTC and Media Chain. Assurant Global provider of housing and lifestyle solutions Assurant has announced the appointment of Christian Formby as its new president, Europe, subject to receipt of regulatory approval. Formby will have responsibility for developing and executing strategic priorities for Assurants European operations to
Money

Raab vows to take UK’s relationship with Canada ‘to next level’

The UKs foreign secretary has said he wants to “take our friendship with Canada to the next level” after Brexit, during his first international trip as part of the new government. Dominic Raab, who served briefly as Brexit secretary under Theresa May, used the meeting with his counterpart Chrystia Freeland to stress that the UK would be leaving on 31 October “whether or
Money

City Moves for 5 August – Who’s switching jobs?

Todays City Moves includes Willis Towers Watson, Morningstar and Posterscope. Willis Towers Watson Global advisory, broking and solutions company Willis Towers Watson (WTW) has announced the appointment Matthew Gooden to the role of director and head of sales across its professional indemnity (PI) team. Matthew will be tasked with driving new business leads for the firm,
Money

Raab: Britain ‘turbo-charging’ no-deal Brexit preparations

The UK is “turbo-charging” its no-deal Brexit preparations in time for 31 October, foreign secretary Dominic Raab said today. Raab said that any deal between the UK and the EU must not include the “undemocratic” so-called Irish backstop. Read more: Government is now assuming a no-deal Brexit outcome in October The backstop proved to be the major sticking point in former
Money

Boris Johnson ‘absolutely’ rules out pre-Brexit general election

Boris Johnson has ruled out calling a general election prior to the Brexit deadline of 31 October. The Prime Minister said voters did not want to return to the polls for another general election or referendum until the mandate had been completed. Read more: Ireland foreign minister hits out at Boris Johnsons “unhelpful” Brexi approach “What they want us to do is
Money

DEBATE: Could fintechs solve London’s dirty money problem?

Could fintechs be the answer to solving Londons dirty money problem? Michael Harris, director of financial crime compliance and reputational risk at Lexis Nexis Risk Solutions, says YES. By their very nature, fintech firms are disruptive and have a reputation for driving change in their field. Why shouldnt the fight against money laundering be led by these technological