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'Brexodus' to cost UK up to 12,000 finance jobs - City chief

LONDON Brexit will cost Britain up to 12,000 financial services jobs in the short-term, the City of London financial district's leader said on Tuesday, and many more jobs might disappear in the longer term.

Recent Business News

Threading the needle - Boeing's cost challenge for new mid-sized jet

SEATTLE/PARIS Boeing Co played for time on its proposed new mid-sized jet at the Farnborough Airshow last week, announcing it would decide next year whether to launch its first all-new plane in a decade and giving itself 9-12 months to hone its business case.

Aerospace & Defence 10:16pm BST

Britain and EU formally start splitting WTO membership agreements

GENEVA Britain and the European Union formally filed for divorce at the World Trade Organization on Tuesday, following many months of diplomatic preparations to smooth the way for the historic move.

UK 7:16pm BST

Italy reviews ArcelorMittal deal for Ilva, may annul it - statement

ROME The Italian government is opening a formal review of ArcelorMittal's planned takeover of the Ilva steel company and might annul the accord if irregularities are found, Industry Minister Luigi Di Maio said on Tuesday.

10:27pm BST

Britain to tighten foreign takeover rules amid China worries

LONDON Britain is planning the biggest change to takeover rules in almost two decades, giving the government new powers to block deals in all sectors of the economy to prevent UK companies in sensitive industries from falling into foreign hands.

UK 5:19pm BST

Lululemon names Calvin McDonald as new CEO

Canadian apparel maker Lululemon Athletica Inc on Tuesday named Calvin McDonald as its new chief executive officer, replacing Laurent Potdevin.

9:41pm BST
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