Stories for November 21st 2017

Tuesday, November 21st 2017 - 13:16 UTC
ECB warns banks that they “need to have substance locally” in post Brexit

European regulators have warned banks working on post-Brexit plans that they will “need to have substance locally” to serve European clients. The European Central Bank said some of the proposals it has reviewed are inadequate and risk creating “empty shells”.
Tuesday, November 21st 2017 - 11:23 UTC
Brazilian Federal Police has new chief who pledges “to leave aside vanity and thirst for power”

A new boss took over Brazil's federal police on Monday despite criticism that he would block a probe into unpopular Brazilian President Michel Temer, who is being investigated by the force. Several Brazilian media outlets reported that Fernando Segovia's appointment was supported by government ministers also implicated in federal police investigations.
Tuesday, November 21st 2017 - 09:55 UTC
London looses European Banking Authority to Paris and European Medical Agency to Amsterdam

Paris has won a battle to host the European Banking Authority (EBA), which will relocate from London after the UK leaves the European Union. The French capital's victory follows a win earlier for Amsterdam, which will host the London-based European Medicines Agency (EMA).
Tuesday, November 21st 2017 - 09:27 UTC
Wales and Galicia sign bilateral accord to minimize Brexit impact for fishing sector

Galicia and Wales intend to sign their own bilateral agreement to try to minimize the impact that Brexit will have and avoid damage to the fishing sector. The announcement was made by Galician president Alberto Núñez Feijoo, after having obtained a positive response to his invitation to the Welsh prime minister, Carwyn Jones.
Tuesday, November 21st 2017 - 09:22 UTC
Goldman Sachs CEO on Brexit: “So much at stake, why not make sure consensus still there?”

The chief executive of Goldman Sachs, Lloyd Blankfein, has suggested holding another referendum on Brexit and tweeted: “Here in UK, lots of hand-wringing from CEOs over #Brexit... So much at stake, why not make sure consensus still there?”
Tuesday, November 21st 2017 - 08:26 UTC
Hopes to find missing submarine ARA San Juan fading after five days

Argentine submarine ARA San Juan reported an electrical problem and was headed back to base when it went missing last week in the South Atlantic, the navy said on Monday, while storms complicated efforts to find the vessel and its 44 crew members.
Tuesday, November 21st 2017 - 08:20 UTC
Britain sends special highly skilled unit SPAG, to help with the submarine search

Britain has increased efforts to help find the missing Argentine submarine ARA San Juan in the vast stormy South Atlantic. HMS Protector, the Royal Navy's Ice Patrol ship, is now in the search area where the submarine last made contact on Wednesday.
Tuesday, November 21st 2017 - 07:54 UTC
Angela Merkel ready to fight a snap election if necessary to overcome political crisis

German chancellor Angela Merkel has vowed to fight a snap election if necessary to secure a fourth term in office and end her country’s political crisis. Dr Merkel faces an uncertain future after coalition talks collapsed on Sunday evening after almost five weeks – two months after Germany’s federal election.
Tuesday, November 21st 2017 - 07:44 UTC
Queen honors Duke of Edinburgh as they celebrate 70 years of marriage

The Queen has presented the Duke of Edinburgh with a rare honor as a special anniversary present as they celebrate 70 years of marriage. As the royal couple reached their milestone platinum wedding anniversary yesterday, Elizabeth II appointed Philip a Knight Grand Cross of the Royal Victorian Order (GCVO) for services to the sovereign.
Tuesday, November 21st 2017 - 07:32 UTC
Piñera on the tight rope: math show he can be defeated by left-leaning coalition in December's runoff

The strong performance by Chile’s left-wing parties in Sunday’s election left conservative presidential frontrunner Sebastian Piñera facing a tight battle to win a December runoff and likely opposition to tax breaks in Congress if elected. Piñera came first with more than 36% of the vote, but his two main leftist rivals made a stronger-than-expected showing, garnering a combined 43% between them.