Brexit News, Chapter News, News, Uncategorized

No Deal and the Union…. Do Brexit Supporters Know Where They are Going?

By John Bruton, February 10,2019  We seem to be sliding inexorably toward a “No Deal” Brexit. Mrs May’s decision to prioritize a deal with the Brexiteers in her own party, over a possible deal with the Opposition, and the time limits imposed on all of us by Article 50, make a No Deal much more likely than it was a week ago. The EU is a rule based organisation, and it cannot afford to break its own rules if it wants to maintain...

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Uncategorized

Exit Interview: EU’s Envoy to Washington on Navigating Challenges in the Transatlantic Relationship

By Ashish Kumar Sen and David A. Wemer, of the Atlantic Council David O’Sullivan, the European Union’s ambassador to the United States, wraps up his time in Washington at the end of February. The last two years of his tenure have been challenging ones for the transatlantic relationship. That challenge mainly comes from US President Donald J. Trump who once described the EU as a “foe.” In an interview with the New Atlanticist, O’Sullivan discusses the challenges in the relationship as...

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Brexit News, Chapter News, News, Uncategorized

Brexit pushes UK business confidence to its lowest level in nearly a decade

By Hadas Gold, CNN Business February 4, 2019 London (CNN Business)- Companies in the United Kingdom are spending less and scaling back plans because of Brexit fears that have pushed business confidence to its lowest level in a decade. The dire outlook was revealed Monday in surveys published by Deloitte and the Institute of Chartered Accountants in England and Wales. Deloitte found that chief financial officers have adopted their "most defensive strategy stance in nine years." Revenue growth expectations have dropped to their lowest level...

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Brexit News, Chapter News, News, Uncategorized

Speech by Michel Barnier at the European Economic and Social Committee on 23 January 2019

Mr President, dear Luca Jahier, Dear Members of the European Economic and Social Committee, On 6 July 2017, at the very start of the negotiations with the UK, I had the pleasure of addressing you. At the time, I said that everybody needed to prepare for Brexit. I also said that, given the consequences of Brexit, it would not be business as usual: there can be no frictionless trade outside the Single Market and the Customs Union. And finally, I also said to you...

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Brexit News, Chapter News, Uncategorized

EY UK economic forecast

The UK economy will experience tepid growth in 2018 due to a combination of higher inflation, reduced consumer spending and a loss of momentum in the eurozone economy. Our latest summer forecast expects UK GDP to grow by 1.4% in 2018 (the weakest performance since 2012) and 1.6% in 2019 (downgraded from 1.6% and 1.7%, respectively, in the EY ITEM Club’s Spring Forecast). A weak first quarter, with GDP rising by 0.2% quarter-on-quarter (q/q) gave the economy a bad start to...

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Chapter News, Uncategorized

EU – India Summit: strengthening our strategic partnership and moving forward with our common agenda

The 14th Summit between the European Union and India was held today in New Delhi, marking 55 years of diplomatic relations between the world's two largest democracies. The European Union was represented at the Summit by the President of the European Commission, Jean-Claude Juncker and the President of the European Council, Donald Tusk. India was represented by Prime Minister Narendra Modi. The High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Federica Mogherini also attended. The European Union and India have issued...

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Member News, Uncategorized

The Entrepreneurs Report: Private Company Financing Trends

Wilson Sonsini Goodrich & Rosati is pleased to present the latest edition of The Entrepreneurs Report. In this issue, they've compiled a range of data on venture financing transactions in which the firm was involved in 1H 2017, with the objective of identifying relevant trends in activity and valuation levels for the U.S. venture capital industry in general. They also provide data on bridge loans. In addition, They feature an interview with Greg Gottesman, co-founder and managing director of Pioneer...

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Member News, Uncategorized

Stout Advises on Sale of Lloyd Industries, LLC

Stout announced today that its client, Lloyd Industries, LLC (d/b/a LloydPans®), a portfolio company of Centre Lane Partners, LLC (Centre Lane Partners), has been sold to Cornerstone Foodservice Group, Inc., a portfolio company of ShoreView Industries. Stout served as exclusive financial advisor to LloydPans® and Centre Lane Partners in connection with this transaction. Based in Spokane, WA, LloydPans® manufactures branded, off-the-shelf and custom-built commercial-grade cooking, baking, and other products used in consumer and commercial kitchens and restaurants. Customers and end-users...

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Member News, Uncategorized

“Don’t Forget Culture,” by Bill Rhodes

The U.S. Treasury’s recent 147-page report, “A Financial System That Creates Economic Opportunities,” details a rollback of many of the measures imposed to make banking safe and sound after the financial crisis. The proposals include substantial weakening of the Dodd-Frank financial-reform law. At the same time, White House appointments to several bank regulatory agencies are likely to promote measures that result in reductions in bank compliance costs, capital requirements and liquidity constraints. Right now, consideration is also being given in...

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