The world markets for manufacturers and online eCommerce has and is radically changing. Where today’s buyers of manufactured goods are rapidly adopting the newer approaches, they are adopting a much faster and more effective shopping path for manufactured goods, especially in developing counties.
British Foreign Secretary Dominic Raab said on Sunday that the Brexit negotiators of the United Kingdom and the European Union showed “pragmatism” and “sincerity,” and “a deal is about to be reached.” In an interview with Sky News, Secretary Raab said that the biggest unresolved issue is fishing rights.
Getting in one last bit of work before the long weekend, the US Census Bureau released its Monthly Advance Economic Indicators Report for October on the day before Thanksgiving. Advance wholesale inventories were up for the month of October, by 0.9%. The August to September percentage change was revised from up, 0.4% to up 0.7%.
The escalation of the Nagorno-Karabakh conflict, and the subsequent ceasefire, has been on the forefront of the news around the globe. Earlier this month, the ceasefire agreement was signed by Russia, Armenia, and Azerbaijan. History tends to repeat itself, but the future of Armenia can be problematic.
British Health Secretary Matt Hancock said that the United Kingdom plans to launch two new coronavirus vaccines next month. Then, the advancement of the vaccine plan will speed up after entering the new year. From there, the situation will gradually return to “normal” from the spring.
Western Union, the world’s largest money transfer company, spent $200 million to acquire a 15% stake in the digital payment division of STC Group. Saudi Arabia’s largest telecommunications operator said in a statement on Saturday that the acquisition will provide the company with funds and support its long-term expansion plans.
This weekend Russian Ministry of the Foreign Affairs announced the new sanctions against 25 British nationals. The 25 individuals will also be banned from travel to Russia. According to the Russian Foreign Ministry “the UK was guided by far-fetched and absurd pretexts when imposing sanctions against the Russians.”
People familiar with the matter who did not want to be named because the content of the talks was not made public said that an agreement may be reached before next weekend, or more likely in the week of November 30.
People familiar with the matter warned that to do this, the British government and the European Union still need to make major political decisions and that more concessions from the UK are needed. Otherwise, the negotiations may break down.
Ursula von der Leyen continued: “Within the frame of the level playing field, progress, for example, has been made on the question of state aid, but there are still quite some meters to the finish line so there’s still a lot of work to do. Where the timelines are concerned, time pressure is high without any question at the moment.”
“There’s a lot to work on because there is now substance where you can go through line by line, word for word. The whole team is engaged and working tirelessly day and night to reach the natural deadline we have to be done by the end of the year,” said Ursula von der Leyen.
British Prime Minister Boris Johnson and Barnier, the chief negotiator of the European Union, had to isolate themselves after contacting patients with the new coronavirus, making the drafting of the agreement more complicated.
Johnson will end the quarantine next Thursday. The EU is urging him to make a final decision and make the necessary concessions to reach an agreement. So far, the UK has refused to accept the EU’s requirements on a level playing field for enterprises and a mechanism for implementing agreements.
A UK official said: “Although there has been some progress in recent days, there is much work to be done and time is now very short. We now need to see more realism from the EU on what it means for the UK to be an independent state.”
Officials said that, including the participation of high-level officials, many factors in the coming days will determine when and whether an agreement will be reached, adding to the last-minute complexity. Barnier may be isolated until November 26, and then may go to London for the final round of talks.
One EU diplomat said: “There is tangible progress on a number of areas while gaps are only slowly shrinking on core issues like a level playing field, governance, and fisheries. Growing concern that the negotiation process does not proceed quickly enough to ensure the ratification of a possible agreement until the end-of-the-year deadline.”
“Hope is nevertheless that negotiations can be finalized quickly if and once the necessary political decisions are taken in London. At the same time, EU member states are in agreement that contingency planning needs to be ramped up in parallel to the ongoing and hopefully successful EU-UK negotiation process. Still, the EU needs to be prepared for every possible outcome.”
The European Union warned that the UK has not taken enough action to overcome the three major obstacles facing a post-Brexit trade agreement. The leaders of Belgium, France, and the Netherlands urged greater efforts to prepare contingency plans in case an agreement is not reached.
Late last month, sports equipment company Under Armour announced it was cutting ties with some 2,000 retailers over the next two years. In doing so, Under Armour would focus on building up its direct-to-consumer business. Promo Marketing reported a more than 50% growth in Under Armour’s e-commerce business during the third quarter, with a 17% increase in direct-to-consumer sales.
The leaders of France and Belgium urged the EU to intensify its efforts to prepare for a no-deal Brexit by the end of the year, in case negotiations with the UK fail to achieve a breakthrough at the last minute. That’s according to two people familiar with the relevant discussions at the EU leaders video summit on Thursday.
While defense manufacturers do indeed separate themselves from the rest of the market by the products they distribute, and the types of clients they serve, they are otherwise subjected to all the other normal rules of the industry market. Financial resilience, capacity to innovate, flexibility to client demands and critical size are all factors they must keep in mind and which will heavily impact their future. In Europe, not all producers are performing equally.
The Five Eyes alliance, comprising of the US, UK, Canada, New Zealand, and Australia, issued a joint statement on Wednesday, in which they expressed their “grave concern” over the autocratic actions of China against Hong Kong. The statement was issued through their respective foreign ministers.
The European Central Bank stated that banks should not use the new coronavirus epidemic as an excuse to delay the transfer of employees to the European Union when they promote their Brexit plans. The ECB stated that future actions need to be planned with the new coronavirus epidemic as the basic assumption and try to avoid delays.
The European Union is urging its 27 member states to maintain defense spending and support the economy during the latest round of coronavirus prevention measures. At the same time, they are being told not to ignore the financial pressure that these measures will cause in the future.
On Sunday, the Regional Comprehensive Economic Partnership (RCEP) was officially signed during the Association of Southeast Asian Nations (ASEAN) meeting. After eight years of negotiations, the free trade zone with the largest population, the most diverse membership structure, and the greatest development potential in the world was born.
The heir to the British throne, Prince Charles, and his wife, Camilla, traveled to Berlin on Sunday, November 15, to mark the annual ‘National Day of Mourning’ in Germany to pay tribute to the victims of war, terrorism and extremism. In a speech in German, Prince Charles emphasized the continuation of his country’s friendly relations with Germany.
Carillion and several of its former managers today earned a fierce slap from the Financial Conduct Authority (FCA) Friday, which accused the defunct construction giant of supplying “fake or misleading” stock market details. Two years earlier, the building giant collapsed under the weight of £1.5 billion in debts.
Retailer WH Smith is set to close 25 high street stores, affecting nearly 200 jobs. The coronavirus pandemic pushed the company £280 million in debt. Over the year, WH Smith’s main business in the UK was heavily influenced by reduced passenger figures at its travel locations.
In October, the number of property hunters who wished to purchase a new home in London was positive for five consecutive months, but fell from 23% to 11% of the net balance. There was also a five-month sequential rise in the amount of new properties on offer, which is the longest consecutive development rate since 2014.
You probably never dreamed you’d be in search of a job during a global pandemic. Talk about challenges, right? Okay, before you get down and think your chances just slid to the floor, let’s look at what you can do to make the most of your time, and how you can land that next job interview.
One of the first things to consider is how you present yourself to others. Have you evaluated your personal brand lately? What makes you a valuable candidate to prospective employers? How will you stand out in a crowded marketplace? What transferable skills do you have? What are your strengths and how can you amplify them? Consider what courses are available to help you stay competitive in your industry. By evaluating your personal brand, you’ll get an overarching view of how potential employers see you.
Top European leaders on Tuesday engaged US president-Elect Joe Biden via phone calls to congratulate him on his electoral victory and wish him well. Among them were British Prime Minister Boris Johnson, President Emmanuel Macron of France, and German Chancellor Angela Merkel.
Israeli Prime Minister Benjamin Netanyahu discussed COVID-19 vaccines and other ways of ending the pandemic at a video conference with world leaders. The video conference was hosted by the Chancellor of Austria, Sebastian Kurz, with the participation of the Prime Ministers of Austria, Norway, Denmark, Greece and the Czech Republic.
Necessity is often the mother of investment. The Great Lockdown, itself made necessary by the coronavirus pandemic, has caused the disruption of many sectors of the economy, a tidal wave of business closings, and even the collapse of entire industries. However, as is often the case in economic downturns, it’s not all bad news.
Following the Democratic Party presidential candidate, Joe Biden’s resounding victory in the US presidential elections, a section of world leaders have already sent in their messages of goodwill while wishing him well as he assumes the reins of power of the world’s superpower.
The Bank of England has increased its bond purchases and expanded its target to £895 billion. The purpose is to promote loans and investment to stimulate economic activity. It is expected that the new round of lockdowns will hit the UK’s economic recovery process.
Sources from Moscow have revealed that Vladimir Putin is a sick man, and that he is considering resignation. The Kremlin has, however, dismissed the report in a quick rejoinder, calling it nonsense. The news began circulating in the early hours of Friday to the effect that the Russian president is suffering from Parkinson’s Disease.
‘Stab’ – even the word is short, sharp and violent. It is one of those words in English that sounds exactly like what it’s trying to convey. Unfortunately, it’s also a word that British people are encountering more and more in our daily lives. According to the UK Government, knife crime is entering its highest point in almost a decade. Some 47,000 knife (or knife-like object) related offences were recorded for the year ending March 2019 alone.
Seven members of the pro-democracy opposition in Hong Kong were arrested today for being involved in the clashes in May in the parliament of the Chinese special administrative region, the police announced. “All arrestees are being detained for further inquires. The operation is under way and further arrests may be made,” the police said.
On Wednesday, the U.S. Census Bureau released a preliminary report on data pertaining to wholesale inventory for the month of September. Wholesale inventory in the United States was shown to have decreased by 0.1% in September. This is compared to a 0.3% increase in August, which itself was revised from 0.4%.
The Russian state media has been dumping information over the weekend pertaining the US authorities plan to use a blood-sucking weapon-an army of mosquitoes for biological warfare. Russia is using social media and a number of websites to spread disinformation to cause fear and trouble in the US.
As per a directive from British Prime Minister Boris Johnson, effective this weekend, northern England will enter a “very high” level of alertness in a bid to battle the second wave of coronavirus. In addition to the closure of bars, the Prime Minister has also prohibited social gatherings in Manchester.
On Friday (October 16), most of the US dollar fell against G-10 currencies. Previously released data showed that US retail sales grew faster than expected, and consumer confidence rose slightly in early October. The pound is stable as traders still have hope for the prospect of a trade agreement between the UK and the EU, and the two sides will continue negotiations next week. SEK and CAD led G-10 currencies.
The US Commodity Futures Trading Commission (CFTC) on Friday released a report, as of October 7 to October 13 the week: AUD see more willingness to cool; to see more gold willingness to cool down, gold speculative net longs decreased by 7,916 contracts to 240,671 contracts, indicating that investors’ willingness to be bullish in gold has cooled.
The Brexit process between the United Kingdom and the European Union has taken four and a half years. The two sides are still engaged in a tug of war. Now, British Prime Minister Boris Johnson seems to be desperate to leave the European Union as soon as possible, but still leaves a crack in the door for a retreat.
On Friday, international gold prices fell and are expected to close again after a lapse of two weeks. Investors expect that the United States is unlikely to introduce new fiscal stimulus measures before the presidential election, and the number of confirmed cases of the new coronavirus in Europe has surged.