Category: World News

World News

The largest American bank is opening a new headquarters in Poland

The government of Poland is expecting JPMorgan Chase to open an operational center in Warsaw, completing the list of international banks attracted by the low costs from Poland amid the competition of relocating the positions from London in Europe’s most developed cities, Bloomberg writes.

The US bank, which will hire “a few thousand people” according to Polish Deputy Prime Minister Mateusz Morawiecki, will join the massive group of foreign banks that have relocated to Poland during the last two years.

“The world’s largest bank will have a headquarter here and will hire several thousand people in management, risk management and logistics, which is good because these are well-paid jobs”, Morawiecki said.

UBS Group has set up a global hub in Krakow, while Goldman Sachs, who plans to halve its staff in London to 3.000 employees, will expand to Warsaw to “several hundred” in the upcoming years, according to Handelsblatt .

Morawiecki said this year that Brexit could bring up to 30.000 positions in the Polish business sector.

Jennifer Zuccarelli, spokesman for JPMorgan in London, refused to comment.

In January, a spokesman said the bank is “continually reviewing options for improving its office strategy and it has nothing to do with Brexit.

Business outsourcing centers opened by foreign companies have brought 198.000 new jobs to Poland, most of them in the financial industry, according to the Association of Business Service Leaders in Poland.

World News

UK government is working on a plan B in case the Brexit talks will not go as planned

The British government is working on a B plan for the possibility of just in case the negotiations between the UK and the European Union on Brexit, will not unfold as planned, said Prime Minister Theresa May on Sunday.

During an interview with the BBC May said that she believes her Florence speech from last week gave impetus regarding the talks for Brexit, adding that she deeply hopes to reach to an agreement with the EU officials in order to finalize the divorce procedure by March 2019.

“The government is working on what should be implemented if there is no agreement. We also work to have a fair deal for the United Kingdom. Government departments are looking to see what changes are needed and what we need to implement”, added Theresa May.

The big investment banks that have their European headquarters in London initiated their plans of creating new trading hubs in other parts of the region in anticipation of Brexit despite Britain’s commitment to a two-year transition period after March 2019, according to sources familiar with the situation, quoted by Bloomberg.

They are not sure that agreement will be reached with the EU, and waiting for such an agreement would generate very high costs.

World News

Ikea acquires TaskRabbit, the American start-up which provides customers with handymen


Ikea will acquire the TaskRabbit start-up, which creates links between “craftsmen” and people who need their services, the most sought service offered by the platform being the assembly of the furniture produced by Ikea, writes Quartz.

TaskRabbit creates connections between customers who require assembly services and people who, for the right price, provide such services.

Transforming the start-up in a branch of the company will help Ikea deliver both delivery and assembly services.

It is not clear how much Ikea has paid in order to acquire the start-up, which so far has gathered $50 million on a crowfunding platform.

Sources familiar with the situation have told Recode that TaskRabbit is able to operate independently under Ikea’s oversight and has the freedom to conclude other partnerships, such as collaboration with Amazon.

The transaction will be terminated by the end of the week.

TaskRabbit is one of the big players in the demand-offer service industry, and was founded in Boston in 2008.

There are startups that wash your clothes, get you a drink, walk your dog or give you massages.

Most of the workers involved in such start-ups are hired as contractors, without benefits and with relatively low incomes.

DIY (Do-it-yourself) is a term that defines a behavioral current based on the need and pleasure of people to be their own craftsmen.

World News

For 2017, the world’s wealthiest families didn’t report any financial decline. On the contrary!

For 2017, the world’s wealthiest families didn’t report any financial decline. On the contrary!

For 2017, the world’s wealthiest families didn’t report any financial decline. On the contrary!

Only 4% of the world’s richest families have lost money last year after the stock markets and private equity businesses have expanded significantly, according to a report initiated by Campden Wealth and a group of financial analysts from the Swiss group of UBS writes The Guardian.

The financial analysts who contributed to the financial survey have discovered that in 2016 only 10 out of 262 super-rich families experienced a financial decline, while three-quarters of these dynasties have actually amassed their wealth.

Meanwhile, 22% of the families who contributed to this survey didn’t report any major damage or loss when it came to their companies.

“Regardless of any economic challenges, great fortunes continue to be generated all over the globe”, said Dominic Samuelson, chief executive of Financial Analysis Company Campden Wealth.

According to the expert, capital markets and private equity transactions are the ones that propelled the world’s most incredible fortunes last year.

World News

9/11 or the day that changed America for ever

9/11 or the day that changed America for ever

9/11 or the day that changed America for ever

16 years ago, a beautiful autumn day has turned into real hell

America was kneeled by the most devastating and traumatizing terrorist attack in history.

Along with the aircraft that destroyed the twin towers killing thousands of innocents, the world of terrorism has gained a new dimension.

New York, 08:46 local time: a commuter jet hits the north tower of the skyscraper.

For a few hours, the terrified world was 100% convinced that this is all an accident while hundreds of police officers, firefighters and rescuers rushed to stabilize the situation in Manhattan.

09:03 and a second plane breaks through the southern tower

From this moment on, it became clear that the entire thing was planned.

Two minutes later, President Bush, who was visiting a school in Sarasota, was put up to speed.

Washington 09:37 local time: the third plane hits the Pentagon building. A massive panic engulfs America and the entire world.

New York, 09:59 – the southern tower of the World Trade Center collapses and 11 minutes later, in Shanksville, Pennsylvania, the fourth plane, packed with passengers, makes an emergency landing in a field.

New York 10:28 local time: the second tower collapses.

The 9/11 attacks were claimed by the Al Qaeda organization, led at that time by Osama bin Laden.

10 years after he killed no less than 3.000, on 2 May 2011, Bin Laden is being put to rest in Abbottabad, Pakistan by an American commander who shot him and threw his body into the sea.