Pictured: Deutsche Bank’s annual general meeting in Frankfurt, 24 May 2018. The bank has shifted some operations from the UK to Germany in advance of Brexit. Photo credit: Deutsche Bank via Flickr
The fight to become the cryptocurrency hub of choice. Delano’s breakfast briefing for Monday.
Deutsche Bank moves clearing from UK to Germany
Deutsche Bank, has shifted half of its euro clearing operations from London to Frankfurt ahead of Brexit, according to the Financial Times. While relatively few jobs are involved, the move demonstrates the further erosion of the City of London’s leadership position.
Small nations compete to be cryptocurrency centres
Bermuda, Malta, Gibraltar and Liechtenstein are competing to become the jurisdiction of choice for cryptocurrency exchanges and startups, reported the New York Times. China, Japan and the US, among others, have recently clamped down on the sector. “Bermuda has been a leading player,” said the daily.
Luxembourg orders multipurpose helicopters
The government of Luxembourg has ordered two Airbus H145M helicopters for an undisclosed amount, reported Reuters. They should enter service in early 2020. The helicopters will be used for both military and police operations, the government stated.
Hun Sen wins Cambodian poll
Hun Sen, in power for 33 years, will serve another term as Cambodia’s prime minister after his Cambodian People’s Party won about 70% of the vote in Sunday’s general elections, reported the Associated Press. Several rights groups and western governments called the poll flawed.
Orban calls for “Christian democracy”
Viktor Orban, Hungary’s prime minister, called for the rise of “Christian democracy” in Europe, which he said was “anti-immigrant, anti-multicultural and stands for the Christian family model,” according to Deutsche Welle. He also said the European Commission was a failure and called for the end of sanctions against Russia.
Press is not “enemy of the people”, media exec tells Trump
The publisher of the New York Times, AG Sulzberger, has told Donald Trump that he was concerned about the US president’s “anti-press rhetoric”, reported the BBC. During a White House meeting, “I warned that it was putting lives at risk”, stated Sulzberger, and “that it was undermining the democratic ideals of our nation”.
US socialist party gains support
Membership in the Democratic Socialists of America political party has risen from around 6,000 in 2015 to 43,000 in July, reported NPR.
They thought she was a spy
Katherine Verdery, an American anthropologist who conducted research in Romania during the 1970s and 80s, found the records that the Romanian Securitate had kept on her. The New Republic has a review of the book that followed, “My Life as a Spy: Investigations in a Secret Police File”.