Then the news review. Brexodus fears grow in the City Of London, as leading firms warn thousands of staff may now be relocated. Plus, breathing space. No Arrest Warrant for samsung boss jay y lee. But prosecutors vow to continue the Corruption Investigation without wavering. Welcome to World Business report. Im sally bundock. Well be live in seoul injust a moment. Well get the latest on samsung. But first, this. We start here in london, where fears of a costly brexit exodus of banking jobs are growing. Leading firms are now weighing up moving thousands of staff out of the uk, after Prime Minister theresa may confirmed plans to leave the european Single Market as well as the eu, the so called hard brexit option. So, what have we heard already . On wednesday, the boss of hsbc said hes preparing to move around 1000 of his 5000 london staff to paris. That would mean around 20 of its european revenue leaving the uk, worth several billion dollars. Swiss rival, ubs, also told the bbc that 100
Lee. Prosecutors vowed to continue the Corruption Investigation without wavering. We will have the latest from seoul. And for now european markets are all headed higher theresa may is speaking in davos in less than an hour and so we are watching the pound sterling. We are also going to be getting the inside track on the winners and losers. Also, streaming service net flicks reported a huge boost in subscriber numbers, they put it down to their original conflict, it is a little bit like netflix and chilling. Do the streaming services make your much watch shows . Do get in touch, use the hashtag. Welcome to the programme. Do get in touch with your comments, not just about netflix do get in touch with your comments, notjust about netflix but do get in touch with your comments, not just about netflix but about do get in touch with your comments, notjust about netflix but about our other stories. We love to hear from you. We start here in london where fears of a costly brexit exodus of bank
On private jets from the man fled madagascars civil war as a child, but soared on to sell planes to the worlds top Business Leaders. And, as always, wed love to hear from you about any of the stories were covering. Just use the hashtag bbcbizlive. Welcome to the programme. Now mexico seems to be the most important foreign country when it comes to Donald Trumps in tray, now that he is us president. And in a few hours time, mexicos economy and Foreign Ministers are set to meet some of his top trade officials in washington as they try to keep border open for trade. And the mexicans appear to have conceeded that to do that. There will have to be changes to the Nafta Trade Deal which also covers canada. N0w President Trump is pushing to bring more Manufacturing Jobs back to the us. Hes already met with the heads of ford, General Motors and fiat chrysler, telling them they must make more of their cars in america. Now the us is a key market for mexico. Taking a look at this graph, you can see
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economy. the new nafta trade deal which has been closely watched. how do you sum up where things are ending for the economy? there are two stories. the first one is obviously a good story. we ll have record return this year again. after ten years of a recovery and several years of the market, you are seeing unemployment figure looking good. that was something we are looking for and consumers are spending, they feel confident. there are two stories here. stocks are way up but gold is up a lot, too. gold is what people hold. the sky is falling. there is a short term story, how short is short term? are we going to see this economy continue to be strong into november 2020 and is that going to propel trump to a victory? when do we start to see that correction that we know is coming? there are cycles that market rides does not fall.