LONDON, March 24 (Xinhua) -- Deutsche Bank on Friday said it plans to build a new headquarters in London, despite the uncertainty in the financial and banking sectors caused by Britain's decision to quit the European Union (EU).

Deutsche Bank currently employs at least 5,000 workers in London at its corporate and investment bank.

Deutsche employees are scattered at several locations across the financial district, and elsewhere.

The new headquarters, which is planned to come into operation in 2023, will house all the employees in one place in the north of the city, allowing better communication and economies to be made.

Garth Ritchie, Deutsche's UK chief executive said: "The move underlines the bank's commitment to the City of London and the importance it attaches to being an employer of choice in the capital."

The current building at the proposed site is being demolished, the developer Land Securities said.

Work on the new offices will see construction take place above a new railway station for the multi-billion pound Crossrail link from the West to the East of London, and could start in 2018 according to Land Securities.

Land Securities said in a statement: "Land Securities is in discussions with Deutsche Bank... these negotiations will take several months and there is no guarantee they will lead to a transaction."

London is a major global financial hub, which handles more than 40 percent of global foreign exchange transactions.

The uncertainty about the future trading relationship between Britain and the EU after Brexit has led to speculation that London's status as one of the top financial hubs may be damaged, and some financial institutions have revealed plans to relocate some employees.

Earlier this week U.S. investment bank Goldman Sachs revealed a plan to move several hundreds of workers to mainland Europe as part of its Brexit contingency plans.

Earlier this year the banks HSBC and UBS confirmed that some staff would leave London as a result of Brexit.

However Goldman Sachs is also in the process of building a new office in London, despite its plan to move some workers out of Britain.

French bank Societe Generale is also preparing to move to new headquarters in London in 2019, while Japanese bank Mizuho moved into new offices last summer, after the Brexit vote. Enditem


SEOUL, Nov. 17 (Xinhua) -- South Korea's mobile phone exports posted a steep decline last month as Samsung Electronics discontinued its latest flagship smartphone Galaxy Note 7 on reports of catching fire and overheating, a government report showed on Thursday.

Exports in the information and communications technology (ICT) sector declined 6.8 percent from a year earlier to 14.94 billion U.S. dollars in October, marking the 13th straight month of fall, according to the Ministry of Trade, Industry and Energy. (MOTIE).

Mobile phone exports especially showed a sharp slide, plunging 33.1 percent to 2.22 billion dollars on Samsung's decision to end production and sales of the Galaxy Note 7 devices, some of which were reported to have caught fire.

The falling pace in mobile phone shipments continued to rise from 8.3 percent in June to 18.1 percent in August amid stiff competition with Chinese manufacturers and Samsung's archrival Apple.

The country's display panel exports shed 5.2 percent to 2.59 billion dollars, but those for semiconductors gained 1.7 percent to 5.59 billion dollars.

Imports in the ICT industry was 8.2 billion dollars in October, sending the ICT trade surplus to 6.73 billion dollars that accounted for more than 90 percent of the total surplus in all industries.

NAIROBI Cheap Nike Air Max Online , March 29 (Xinhua) -- Kenya and China Communications Construction Company (CCCC) has signed an agreement for the construction of the Standard Gauge Railway (SGR) line from Naivasha in northwest Kenya to Malaba in western Kenya.

A statement from the Kenya Railways Corporation (KRC) received on Tuesday said the Chinese firm will develop Naivasha-KisumuMalaba SGR project Cheap Nike Air Max Wholesale , Kisumu Port and the Inland Container Depot at a total cost of 5.3 billion U.S. dollars.

"The government has secured a loan from Chinese government to support the development of Phase 2A (Nairobi-Naivasha) and construction will commence in 2016. The total contract price for this section is 1.5 billion dollars Cheap Nike Air Max Black ," Kenya Railways said.

The Commercial Contract for the construction of Phase 2A of the Nairobi - Naivasha SGR was signed by CCCC in September 2015.

China agreed to fund the first phase of a standard gauge railway line linking the East African nation's port city of Mombasa to Uganda Cheap Nike Air Max Shoes , Burundi and South Sudan.

Kenya Railways said the four commercial contracts for the development of the four elements of the project include Naivasha-Kisumu Cheap Nike Air Max , Kisumu-Malaba Cheap Air Max Womens , Kisumu Port Development and Modernisation and expansion of the Inland Container Depot at Embakasi in Nairobi.

"The signing of these contracts valued at 5.3 billion dollars marks yet another significant milestone regarding the Kenya-China cooperation for the mutual benefit of the peoples of the two countries Cheap Air Max Clearance ," it said.

The railway firm said Kenya recognizes the task of developing and efficiently running the project is not a walk in the park and has initiated a training programme to build capacity and equip Kenyans with the necessary skills required to build the rest of the network and subsequently operate it efficiently.

class="hei14">

HANGZHOU, May 1, 2016 (Xinhua) -- Members of a patrol under West Lake scenic area administrative department walk at the West Lake in Hangzhou, east China's Zhejiang Province, May 1, 2016. With a total of 21 female members, most of whom are able to communicate with international tourists, the patrol .