Hayley Kirton Share Tuesday 3 January 2017 1:02 pm Banking supervisors still stuck on Basel III reforms, as key meeting on capital rules postponed A key meeting to sign off on impending changes to banking capital rules has been postponed, after it was revealed today that more time was needed to iron out the final details.The Group of Central Bank Governors and Heads of Supervision (GHOS), the organisation responsible for the oversight of the Basel Committee on Banking Supervision, had been due to meet to discuss the Basel III reforms later this week. “The committee will keep working to finalise its reforms aimed at fixing shortcomings highlighted by the financial crisis to make banks safer and more resilient,” remarked Stefan Ingves, chairman of the Basel Committee and governor of Sveriges Riksbank. Read more: How P2P can take the strain of tighter bank rulesMario Draghi, chairman of the GHOS and president of the European Central Bank, added: “Completing Basel III is an important step towards restoring confidence in banks’ risk-weighted capital ratios, and we remain committed to that goal.”The delay means the final agreement on the Basel III reforms, intended to make it trickier for banks to dodge capital requirements, is now unlikely to happen before Donald Trump is in the White House. The President-elect’s inauguration is due to take place on 20 January. A Santiago Basel Committee meeting on capital rules, which took place across two days last November, also failed to result in a deal being drawn, which would ideally put an end to variations on what capital lenders are required to hold in different jurisdictions. The Trump administration could lead to further complications for those trying to harmonise banking regulation. The incoming President has already said he intends to pull apart the Dodd-Frank rules. whatsapp whatsapp
Month: September 2021
Tuesday 14 February 2017 5:34 pm Companies now rely on globally integrated supply chains for products, but restrictions to trade have accelerated, with the World Trade Organisation reporting a rate of 22 measures per month for regulations impeding free trade.Read more: The European Union is vulnerable to global trade slowdownThe fall in the value of sterling after the EU referendum in the UK has added to supply chain risk in Europe, according to the report, with major implications for trade across the Channel. The report also highlights the risks of the UK leaving the Single EU’s Market, although the government has insisted it will be able to secure wide-ranging trade deal after Brexit.While globalisation has led to millions of people being lifted out of poverty along with much cheaper goods for richer nations, politicians across the developed nations have ridden a wave of anti-globalisation sentiment in the years since the financial crisis.The election of Donald Trump as US President promises to accelerate this movement. Trump campaigned on a promise to “bring back” millions of jobs supposedly lost to China, and has promised heavy barriers to trade with Mexico. whatsapp whatsapp Jasper Jolly Protectionism is raising risks to companies’ global supply chains Firms looking to mitigate the risk of disruptions supply could look to bring operations back to their primary country, avoiding tariffs and other economically nationalist measures.Read more: Trump is wrong: Protectionism leads to misery, not prosperityJohn Glen, an economist at Chartered Institute of Procurement & Supply (CIPS), which commissioned the survey, said: “Re-shoring supply chains will be an increasingly attractive prospect in the months to come. But these are uncertain times for supply chain managers and there is no quick fix for the months ahead.”Companies such as air conditioning manufacturer Carrier have already committed to keeping jobs in the US rather than outsourcing in exchange for tax subsidies.Bodhi Ganguli, lead economist at Dun & Bradstreet, said: “Uncertainty stemming from significant trade and foreign policy changes implemented by the new US government will be one of the main drivers of supply chain risk over the next few quarters. The process of Brexit is also set to start in the first quarter, and will roil the current supply chain environment in Europe.” Share Protectionism and macroeconomic uncertainty have increased the risks to the world’s supply chains to the highest level in 24 years, according to an index tracking world trade.The index grew to a record high as Western Europe saw risks to the world economy’s globalised structure increase markedly, according to economists at Dun & Bradstreet. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeAnyMuscle9 early warning signs and symptoms of diabetesAnyMuscleInfo-incredible.xyzTop 10 Cutest Animals In The WorldInfo-incredible.xyzVOIP | Search AdsAmericans May Be Ditching Their Cell Carriers For VOIPVOIP | Search AdsRecetas Get5 Signs of colon cancer to watch out forRecetas GetBasement Repair | Search AdsCrawl Space Foundation Fix? May Now Be Even More Affordable in Scottsdale. Check optionsBasement Repair | Search AdsMedicare ObserverJanet Jackson’s Son Has Grown Up, Sit Down Before You See HimMedicare ObserveralldelishThe 14 Healthiest Vegetables on EarthalldelishWorld LifestyleTeacher Won’t Let Girl Eat, Has No Clue Who Mom IsWorld LifestyleCustomize Watch Gift”To My Husband” Customize Watch GiftCustomize Watch Gift
Manufacturing props up UK output growth as business optimism wanes whatsapp whatsapp Tags: Manufacturing sector People Philip Hammond Though still falling below long-term trends, output held steady in September, while business optimism declined, according to BDO’s latest Output Index.Read more: Lloyd’s boss ‘accelerates’ Brussels operation amid no-deal fearsThe manufacturing sector, which makes up about eight per cent of the UK’s GDP, drove the output rise, with all other areas falling month-on-month.Peter Hemington, a BDO partner, said: “Continued uncertainty and a lack of clarity on the shape of Britain’s future trading relationships has caused a mild but chronic weakening of business confidence, but it is heartening to witness resilience in the manufacturing sector”.Growth in September his 97.78 points on BDO’s index, up from 97.72 in August – a small rise, but below the target for long-term growth of 100. Meanwhile, optimism among businesses fell from 101.53 to 101.47, marking a steady decline since the beginning of the summer but still above trends. British business output growth is being propped up by the resilient performance of the manufacturing sector, despite ongoing uncertainty. Share Louis Ashworth Monday 8 October 2018 12:09 am Read more: British manufacturing output growth weakens as exports slowManufacturing may not be able to prop up growth for much longer: last month, a survey of more than 400 major manufacturers by the Confederation of British Industry (CBI) showed expansion in the sector’s output had slowed to the lowest since May.Hemington said the mixed results would put pressure on Chancellor Philip Hammond, who is preparing to unveil the government’s latest budget at the end of this month.“A stuttering economy will do the Chancellor no favours as he seeks to inject £20bn into the NHS while reducing the deficit, so he must do all he can to reassure businesses in the UK’s final Budget before it leaves the EU,” said Hemington.
whatsapp Tuesday 1 January 2019 9:54 am US senator Elizabeth Warren has become the first to throw her hat in the ring as the Democratic Party searches for a challenger to run against President Donald Trump in 2020.The liberal firebrand said yesterday she was forming an exploratory committee, the first step along the path to challenge for the party’s nomination. Elizabeth Warren looks to challenge Trump in 2020 race The senator from Massachusetts, 69, said she would decide whether to run early this year.“Every person in America should be able to work hard, play by the same set of rules, and take care of themselves and the people they love. That’s what I’m fighting for, and that’s why I’m launching an exploratory committee for president,” Warren said on Twitter.In a video released with the tweet Warren attacked billionaires, big corporations and politicians for cutting their own taxes and rolling back financial regulation.“America’s middle class is getting hollowed out and opportunity for too many of our young people is shrinking,” she told reporters outside her home. “So I’m in this fight all the way. Right now Washington works great for the wealthy and the well connected. It’s just not working for anyone else.”Warren has been one of President Trump’s harshest critics since he took office in January 2017. She has called him an “insecure money grubber” whose platform is made up of “racism, sexism and xenophobia. August Graham Share whatsapp Tags: Donald Trump People More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Meanwhile Trump, who refers to Warren as Pocahontas due to her claims of native American heritage, has dismissed the senator as “goofy” and a “lowlife” with “a nasty mouth”.In an interview with Fox News yesterday the president said: “We’ll see how she does, I wish her well, I hope she does well, I’d love to run against her.”Asked if Warren believes she can win, Trump said: “That I don’t know, you’d have to ask her psychiatrist.”
Share Opinion So, I have finally decided to do it. After more than a decade of working for other people in a number of roles, I’ve actually taken the leap and launched my own business.It’s been barely three months and things are going great – we have clients already on board and more soon, hopefully. Really, the only disappointment has been the amount of rubbish that people are trying to flog me on LinkedIn. Having previously attempted to chase me a few times to sell me app development, or legal services, or denture realignment, this company’s team (that I will decline to name) decided that they wanted to chase again.But this time, they couldn’t even be bothered to type the body of the email, which in its entirety read:Dear DominicThanksJust like the missing ship Mary Celeste, you’re sure that there’s supposed to be someone or something here, but there just isn’t. No thank you, and unsubscribe, please.Call me maybe… Fancy a call… how about a call? whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeRaid Shadow LegendsDon’t play this game if you are under 40 years oldRaid Shadow LegendsUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoParenting FactorLily From The AT&T Ads Is Causing A Stir For One ReasonParenting FactorUndoPost FunRare Photos Show Us Who Meghan Markle Really IsPost FunUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoMagellan TimesIf You See A Red Ball On A Power Line, Here’s What It MeansMagellan TimesUndoCarsGeniusThese 4 Loaded SUVs Are Now Dirt CheapCarsGeniusUndo Tags: LinkedIn City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. No. Just no. I haven’t replied to your first or second email for a reason. Why would a call be a good idea?Reach outI feel a bit awkward putting this on the list, as I have been guilty of it myself before. Luckily, I have seen the error of my ways. Dear everyone using “reach out” in your sales email, are you a member of The Four Tops, who sang the 1967 chart-topper “Reach Out (I’ll Be There)”? Yes? Then it’s acceptable to use that phrase in the workplace. No? Then stop it immediately.Look, I totally understand that people have a job to do, and selling is what makes the world go around. I’ve been there myself.All I am saying here is that maybe you should spend 30 seconds researching your lead before boshing out a poorly-crafted sales email. You’ll avoid annoying people, and you’ll almost certainly get much better results. Dominic Baliszewski We’ve all had them. The annoying chase that follows the first annoying email. It reads something like this:Subject: Buried emailMessage: Hi there, I am sending a quick nudge as I was worried my previous email got buried…Interesting – clearly what some people call “buried” I call “skimmed, realised was rubbish, and deleted”. Oh well, each to their own.The Chasey CelesteThis is a unique category. So far I have only experienced this once, but it deserves a place on the list nonetheless. Apparently, changing your LinkedIn title to founder or director is the digital equivalent of painting a target on your forehead and donning an “I’m with stupid” t-shirt with the arrow pointing up.The number of baloney messages that I have received is mind-blowing. Yes, I’ve started a new business, but I wasn’t born yesterday, and no, I don’t want your nonsense.In response, and because it’s cathartic, here are the five worst spam emails from companies hoping to prey on new businesses.Hello, is it [insert name here] you’re looking for?I literally do not understand this particular offender. You’ve gone to all the trouble of finding my business via search, then finding me individually, then getting my contact details, and yet you still can’t add my name to your email. “Hi there, we work with a lot of businesses like yours…”My parents didn’t christen me “there”, which should be obvious from the fact that this is not my LinkedIn profile name and, by the way, my email address shows my actual name. Must try harder.You must have missed me Startup entrepreneurs, watch out for these classic spam emails from rubbish sales people whatsapp Thursday 7 March 2019 10:39 am
Luke GrahamLuke is a former City AM features writer, now features editor for Tyto PR Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoPost FunThe Deadliest Snakes Ever Found On The PlanetPost FunUndo Tags: Biometrics Data protection Google Iceland whatsapp Saturday marks the first anniversary of the European Union’s General Data Protection Regulation (GDPR) finally coming into force.GDPR was heavily hyped up, with many hoping – or fearing – that it would fundamentally change not only how companies handle people’s data, but also how consumers view their online interactions with businesses. Anyone with an email account became aware of GDPR, thanks to the dozens (if not hundreds) of messages that landed in their inbox from firms begging for consent to retain their data. It’s now been a year, and apart from the annoyance caused to consumers by international webpages blocking traffic from Europe or consent banners popping on every site, have these new rules had any impact?Read more: Google’s GDPR fine may cost the tech industry more than €50mA flurry of finesIn short, yes. There have been over 200,000 complaints sent to authorities, 65,000 data breach notifications, and regulators have handed out GDPR fines totalling €56m (£49.4m) – though the majority of this was a single €50m penalty handed to Google in January.The figure of €56m may seem low considering the buildup prior to May last year and the fact that GDPR’s scope effectively covers any company in the world handling the data of European citizens. But there are several major investigations currently ongoing, and officials have said that there will be more announcements later this year.“It’s likely that we’ll see financial penalties surface in the next few months, however, it’s difficult to predict the size of these,” says Peter Church, counsel in the technology practice at Linklaters. “What businesses need to consider is not just the cost of the fine, but also the associated steps they will need to take to become compliant, which will be expensive.”Know your rights Friday 24 May 2019 10:30 am A report released this week by the Institute of Customer Service revealed that 64 per cent of the country cannot name a single organisation that they trust to handle their data, and a quarter of customers won’t share any of their personal information with organisations.Joanna Causon, chief executive of the Institute, describes these findings as “alarming”. She points out that businesses can use customer data to provide customers with truly personal experiences, but doing this is now much more of a challenge thanks to GDPR and the public’s lack of trust.Read more: How TfL is using your Wi-Fi data to help you avoid Tube delaysOf course, companies have not done much to restore the public’s faith. In fact, it’s been 12 months since the launch of GDPR, and many businesses remain unprepared. Andrew Beckett, the managing director of cyber risk at Kroll, thinks that many firms still lack adequate cyber security, while Matthew Overton from Joelson says his law firm is still regularly approached by organisations that are not yet compliant.This lack of trust could become a major issue in the months and years to come. After all, while a degree of scepticism is healthy, a blanket distrust of anyone trying to collect and use data is not – it will make it harder for businesses to be more productive, efficient, and provide goods and services that consumers actually want.Instead of reassuring consumers that their data will be protected, GDPR has added to public anxiety over the issue – in fact, a survey by IDEX Biometrics found that 84 per cent of UK consumers don’t think that the regulation has been effective.In order to protect our privacy, GDPR has further damaged the relationship between consumers and enterprises. That’s probably not what it wanted to hear on its first birthday. Share And now that the dust has settled, other governments around the world may soon adopt similar rules to GDPR, according to Chris Hodson, chief information security officer at Tanium.“Norway, Iceland and Liechtenstein have adopted GDPR by proxy as European Economic Area members,” he says. “Further afield, California has introduced its own Consumer Privacy Act, and the EU has accepted the adequacy of Japan’s amended Act on the Protection of Personal Information legislation under GDPR, allowing the free flow of information between the two regions.“Although privacy regulation is still evolving, it’s encouraging to see governments around the world building on GDPR by addressing the widespread availability and abuse of individuals’ personal information.”Read more: We are at the big data frontier – we’re going to need some rulesBeyond changes to the regulatory landscape, perhaps the most important thing that’s changed over the last 12 months is people’s attitudes. GDPR, along with major events like the Cambridge Analytica data scandal, has helped to raise consumers’ awareness of not only how much data they are producing, but also what companies might be doing with it. “GDPR has had a profound effect on societies’ approach to data,” says Derek Roga, chief executive of EQUIIS Technologies. “The public are now more aware of the types of data they are creating and sharing on a daily basis. The simple task of ticking (or not ticking) a disclaimer before people enter a website in Europe has played a key role in elevating the general understanding of what personal data actually is.”Not only that, but GDPR has given people practical tools to hold companies to account and protect their privacy. The most high-profile example of this happened earlier this month, when it was reported that Prince Harry had used GDPR to help win a legal battle with the paparazzi agency Splash News.According to Sarah Armstrong-Smith, head of continuity and resilience at Fujitsu, this was the best testimonial that GDPR could have hoped for.“It shows that the system is working, and that all citizens have a right to protection when it comes to privacy, including royals and celebrities,” she adds. “This is a powerful new weapon that reinforces one message: people’s privacy isn’t something to be mistreated or abused.”Trust in troublePeople are certainly more aware of their rights, but GDPR has had an unfortunate side effect – it has eroded the public’s trust in businesses. whatsapp GDPR is one year old, but has the EU’s data protection regulations helped business or eroded trust?
whatsapp Only on in five businesses has insurance against terrorism whatsapp Tags: Insurance Terrorism Only one in five UK businesses has a terrorism insurance policy in place, according to a survey published today.Research by Comres, commissioned by terrorism reinsurer Pool Re, showed 81 per cent of businesses either do not have a policy in place or are unaware if they do or not. Monday 3 June 2019 12:00 am James Booth More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Read more: Law to help businesses get insurance payouts after terror attacks passedSmall and medium enterprises have even lower coverage (15 per cent) than the UK as a whole.The research also shows only 25 per cent of businesses have contingency plans in place for if their businesses are closed by terror attacks.The recently passed Counter Terrorism and Border Security Act allows Pool Re to cover losses incurred if a business cannot trade in the wake of a terrorist attack.The law was changed in the aftermath of the 2017 London Bridge attack after Borough Market traders were unable to make insurance claims for the money lost by the closure of the market for 11 days. Share The survey showed the biggest barriers to purchasing a terrorism insurance policy are that the chances of it being claimed upon are very small (22 per cent), they did not know they could buy a terrorism insurance policy (25 per cent) and they expect their existing insurance would cover losses in the event of a terror attack (20 per cent).Read more: London Bridge attack: Tourism chiefs hold emergency summitJulian Enoizi, Pool Re chief executive, said:“These figures demonstrate the knowledge gap on terrorism insurance that UK businesses must address to ensure we are as resilient as possible to the secondary effects of terrorism.“We aim to promote the broadest possible take up of terrorism insurance policies, and thus help UK businesses be better protected from damage to their business should the worst happen.”
Law firm RPC has appointed Tatiana Minaeva to its London office, where she will have a particular focus supporting clients across Russia, other (former Soviet Union) Confederation of Independent States (CIS) and Eastern Europe, as well as in Israel and Turkey. Currently at US firm Jones Day, Tatiana was previously a partner at Stephenson Harwood where she joined from White & Case (Moscow). She is admitted to the Russian bar. Tatiana, who is fluent in Russian, English and German, will build on RPC’s existing Russia/CIS capability, which has recently seen the team act in a number of high profile disputes, including for Oleg Deripaska against Vladimir Chernukhin and Bank St Petersburg against Vitaly Arkhangelsky. Ovo Energy Image credit: Getty Jonathan Metliss has been appointed chairman of Axiom Stone, the growing multi-service practice, with offices in Mayfair, Edgware and Birmingham. Jonathan, one of the City’s best-known and most distinguished lawyers, has had a long and successful legal career. He specialises in corporate finance with an emphasis on takeovers, acquisitions, financings, flotations and joint ventures, with particular expertise in the real estate, retail and leisure and technology sectors. Jonathan has been actively involved in Jewish community and Israeli-related affairs for many years. He is currently a member of the defence committee of The Board of Deputies of British Jews. City MovesSend your appointments to [email protected] Today’s City Moves includes Ovo Energy, RPC and Axiom Stone. Axiom Stone whatsapp City Moves for 11 September – Who’s switching jobs at Ovo Energy, RPC and Axiom Stone? whatsapp RPC Wednesday 11 September 2019 12:25 am Share Independent energy provider Ovo Energy has appointed David Allison (pictured) and Rich Jones as technology director and product director, respectively. David joins following nine years at Hotels.com, where he was the senior director, technology. In his new role at Ovo, David will lead its technology team and drive the use of technology to deliver market-leading experiences for customers. During his time at Hotels.com, David hired its first in-house engineering team and led the development of its first mobile app. Rich joins from online fashion retailer Asos, where he was director of digital product management. Also at Asos, Rich was responsible for leading the brand’s product strategy to maximise the customer experience across all the retailer’s platforms. Prior to Asos, Rich led product at streaming service Blinkbox and was creative director at the BBC, responsible for running a team of user interface and user experience designers for BBC iPlayer. At Ovo he will focus on the development of market-leading product strategy and delivery for all its retail brands. He will lead a team in creating digital product experiences that change the way consumers engage with energy.
In a shift away from increasingly hostile briefings ahead of talks next week, the EU’s chief negotiator said he was “ready to believe” Boris Johnson’s assurances that the UK “would never engage to a race to the bottom, that it would not seek to undermine European standards, that the UK would, in fact, maintain higher standards than the EU”. Barnier also noted that “whatever the outcome of the negotiation, there will be checks and controls on all UK goods entering the Single Market as there are for any third country” – making it clear the Irish border issue has not gone away. Catherine Neilan And he stressed there was “no single template” for a trade deal, rejecting the idea that the UK could have a Canada-style trade deal because “the problem with that is the UK is not Canada”. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Brussels accepts Downing Street’s pledge not to cut red tape in a bid to become “some sort of Singapore-on-Thames” – but there must still be common “ground rules” in order to strike a trade deal, Michel Barnier has said. Brexit: EU calls Downing Street’s bluff on standards Wednesday 26 February 2020 5:06 pm Read more: Government to prioritise sovereignty over business continuity in trade talks Barnier says he is ‘prepared to believe’ the Prime Minister (AFP via Getty Images) The Getty Image will be here whatsapp Brussels will give the UK “super-preferential access to our markets – a level of access that would be unprecedented for a third country”, Barnier said. “We understand that the UK wants its own rule book. We respect that choice, the UK’s sovereign choice. That was the whole point of leaving the EU.” Read more: EU keeps demands on level-playing field as it publishes mandate ahead of trade talks But this would not be possible without “firm guarantees that the UK will respect the level-playing field and avoid unfair competitive advantage”. “We want competition in future but it must be fair – fair and free,” he said. The level-playing field rules would ensure that “somewhere down the road, perhaps in years to come, neither side will use unfair subsidies, nor grant derogations on industrial emissions or on labour standards to win industries from the other”. “I do not believe that the UK will become some sort of Singapore-on-Thames,” he said. “What that means is it should not be a problem for the UK to agree on a number of ground rules. Speaking at a Designing Europe lecture at the ESCP business school, Barnier instead appeared to call Johnson’s bluff. “We cannot take the risk that the UK becomes a kind of assembly hub for goods from all over the world, allowing them to enter the single market as British goods,” Barnier said. Share Show Comments ▼ Tags: Brexit whatsapp And I want to be very, very clear.
whatsapp Inside the Italy lockdown: Life in Europe’s coronavirus quarantine zone Monday 9 March 2020 10:43 am whatsapp But behind the scenes, people are trying to make sense of what it means for them. A friend owns a small business with a factory in Vincenza, outside the red zone. He and half of his team live in Padua while the rest live in Vicenza. I was at home with my family last night when we learned that our town was one of those being put into the “red zone”, quarantined to battle coronavirus. Carlo Svaluto Moreolo Journalist, in Padua, northern Italy by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPost FunThe Deadliest Snakes Ever Found On The PlanetPost Funbonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnyzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyAbsolute HistoryAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongAbsolute HistoryJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo! JustPerfact USA There is, however, too little clarity in terms of how the government will deal with the economic impact. The government has said it will expand the budget, but Italians need reassurance that they can get to work and look after their kids properly. The economic uncertainty exacerbates the inevitable panic caused by the coronavirus. As of Sunday morning, areas that are home to 16m people are on lockdown. Residents can return, but you cannot leave for any but the most serious reasons. We do not yet know how this will be implemented but most likely it will involve police checkpoints on the main roads. In and around Padua, a busy university town of 250,000 people, shopping centres will be closed during weekends. Hospitals are coping as best as they can. Padua’s university hospital, one of the largest in Italy, has hired an additional 150 staff and spaces are being reorganised. (AFP via Getty Images) Also Read: Inside the Italy lockdown: Life in Europe’s coronavirus quarantine zone From Monday to Friday, shop and restaurant owners need to make sure customers keep a distance of one metre, as per the government’s orders. Cinemas, museums, libraries, community centres, sport centres, gyms are all to be closed to the public. Events, public or private, are to be cancelled. He is one of thousands of small business owners in the area. The whole of Northern Italy, and Veneto in particular, relies on small and medium-sized enterprises. The economic impact of the epidemic restrictions will be felt for months, if not years. Tourist wearing protective respiratory masks wait near the Vatican amid the Italy lockdown over coronavirus His task for the rest of the day was finding out whether his employees could get to work the next morning. If they cannot, he will have to shut production, potentially for weeks. The Italy lockdown has effectively put 16m people in quarantine since the country experienced a surge in coronavirus cases We had spent Saturday evening with friends, discussing how the nursery closures were affecting our ability to work. The cracks in our normal lives have been evident for some weeks. Share (AFP via Getty Images) Also Read: Inside the Italy lockdown: Life in Europe’s coronavirus quarantine zone (AFP via Getty Images) Also Read: Inside the Italy lockdown: Life in Europe’s coronavirus quarantine zone The region’s intensive care units seem to be able to bear the pressure. The same cannot be said about hospitals in other regions. So far the virus has not yet reached Southern Italy, where hospitals are famously under-resourced. But then a leaked draft of the decree that was signed by Italy’s prime minister, Giuseppe Conte made us realise things were about to get much worse. Before the latest move, restaurants and bars were already bare. People were cancelling holidays. The critical tourism sector is already feeling the full force of this crisis. Venetian hotels were reporting up to 40 per cent of customers cancelling bookings. Now that number will only rise. (AFP via Getty Images) Show Comments ▼ My next trip to London, where I travel monthly for work, is postponed indefinitely. Such a severe restriction of my freedom of movement feels disturbing, perhaps more than the thought of catching the virus itself. Trying to keep some semblance of normality I went for a long run on Sunday morning, in preparation for the Padua Marathon, which is still scheduled for next month. I saw plenty of other joggers and walkers enjoying the sunshine, cars coming in and out of town. The situation feels dystopian, but people are pragmatic. The measures are intended to minimise contact between people. If anything the question is whether this is too late. After a few weeks of unhelpful arguments, our politicians seem to have become kinder to one another. They are now moving forward as one. Tags: Coronavirus