07-11-2016, 11:24 PM
Daiwa Securities Group Inc., a Japanese brokerage with operations in the U.K., would have to set up a business in the European Union that replicates or replaces some functions in London if Britain votes to leave the bloc, according to a memo to employees. “Brexit would have the potential to have a profound impact” on Daiwa Capital Markets Europe Ltd. and its London operations, the unit wrote in the document seen by Bloomberg. Hiroki Aoyama, a spokesman for the parent company in Tokyo, declined to comment. Financial firms including JPMorgan Chase & Co., HSBC Holdings Plc and Deutsche Bank AG are warning of the need to move activities from London if British people choose to leave the EU in the June 23 referendum. Citigroup Inc. will “rebalance” its European operations in the event of a so-called Brexit, a company memo showed this week.
Daiwa Sees ‘Profound Impact’ of Brexit on Its London Operations - Bloomberg
U.S. technology businesses like Alphabet Inc. and Facebook Inc. toil to make the real world as borderless and global as the digital worlds they create. The physical version just got a lot messier in Europe, the second-largest market for these giant companies. Britain voted on Thursday to leave the European Union, fracturing what was slowly becoming a single digital market into potentially two—or possibly more—jurisdictions for technology issues ranging from data privacy, competition, tax and recruiting.
What Brexit Means for Google, Facebook, Microsoft and Amazon - Bloomberg
At the launch, he made his intentions clear. Labour’s northern strongholds were very much in UKIP’s sights. Political scientists Rob Ford and Matt Goodwin later revealed that older, working class voters – who had long formed the core of Labour’s support – were becoming disillusioned. They felt “left behind” by social and economic change, and ignored by the political establishment (not least on concerns over rapid immigration from the EU). As a result, many were thinking of shifting to UKIP.
Sheffield demonstrates why Britain voted for Brexit - Business Insider