The South Korean conglomerate has chosen Berlin over London as the location for its startup hub, Samsung Next. The city's affordability and reputation as a center of tech were factors in the decision.
The City of London's regulator has said major City firms will start executing contingency plans at the end of the year if there is no agreement about the UK's transition for exit from the EU. Citigroup is off already.
Speaking on top of Paris' mint, France's prime minister set out a raft of measures designed to welcome bankers from London to Paris after Brexit. Tax breaks and international schools are part of the offer.
London's banking chiefs will travel to Brussels this week to shore up the UK capital's financial services sector post-Brexit. Several banks are planning to move staff to Frankfurt and Dublin to satisfy EU finance rules.
Many leading financial institutions are threatening to leave London following Britain's exit from the European Union. Japan's Sumitomo Mitsui will shift its focus to Frankfurt to maintain clients in EU member states.
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