The UK government announced on Tuesday a new points-based immigration system. The new system, which takes effect from 1 January 2021, will end free movement. The new system will apply equally to European union and non-European union workers will be assessed by the same system to determine whether they can enter the country to work.
News coverage from the financial market.
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One of the biggest investing American company Goldman Sachs Group Inc. plans to raise fees by employing new highly classified people in their division which advises wealthy. The main reason is, that many advisers from Goldman are leaving to rival companies which manage 10 billion dollars. Source close to Goldman which didn’t want to be
The gold price climbed 7-year high on Tuesday as worries about the global economic impact of the Coronavirus outbreak and weakness in global equities support precious metals. Overnight, Apple warned that earnings won’t meet guidance for the first quarter. The tech company said that production and sales have dropped because of the coronavirus. As we
Company Reliance Industries Ltd. And Saudi Aramco started talks about selling minority stake in its oil-to-chemical division. Both countries tried to successfully close the deal from last year. Officials on both sides worked on this deal from last month. There is no more information about the transaction, because both sides didn’t want to answer about
Wall Street expected to open lower after Apple downgrades guidance. The US market was closed on Monday for a public holiday. The tech giant warned it does “not expect to meet the revenue guidance provided for the March quarter” due to coronavirus related issues, with constrained iPhone supply and suppressed demand in China. As a
French train manufacturer Alstom SA has confirmed negotiations with Canadian train and aircraft manufacturers Bombardier Inc.. The company plans to purchase the flagship production division for $ 7 billion. If monopoly institution agrees this acquisition the Alsom will be No. 2 industry leader in rail equipment and help. According to German consultancy SCI Verkehr combination
Commodities Oil prices rebounded last week on expectations that OPEC and its allies would cut output further as demand looks set to drop due to the outbreak of coronavirus. The price opened at $50.10 per barrel last week and is trading at $52 in later Friday trading. Gold price continues to attract bids on coronavirus
It’s going to be a quiet US trading session, barring any unexpected news, in observance of US Presidents Day holiday the New York Stock Exchange, NASDAQ, and bond markets are all closed and will reopen on Tuesday, Feb. 18. Foreign financial markets are open Monday. Currency markets are expected to remain open for trading. Presidents