Wednesday, August 20, 2014

Is Dublin the new London?

"It is May who has summoned the internet giant Yahoo for an urgent meeting to raise security concerns after the company announced plans to move to Dublin where it is beyond the reach of Britain’s surveillance laws. Yahoo is moving to Dublin exiting London as its center for European, Middle East and Africa operations. In Dublin, Yahoo cannot be forced to hand over information demanded by Scotland Yard and the intelligence agencies through “warrants” issued under Britain’s controversial anti-terror laws."
http://armstrongeconomics.com/2014/08/

"Wall Street banks are drawing up preliminary plans to move some London-based activities to Ireland to address concerns that the UK is drifting apart from the EU.
People familiar with Bank of AmericaCitigroup and Morgan Stanley said that they considered Ireland a favourable location for some of their European business if they needed to move them out of the UK. One said he was already planning to move some activities to Ireland."  http://www.irishtimes.com/business/sectors/financial-services/us-banks-draw-up-early-plans-for-move-to-ireland-if-uk-leaves-eu-1.1899739

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