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Last chance for BAA and Unite to prevent bank holiday strikes

first_img KCS-content More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org whatsapp BOSSES from airport operator BAA and the Unite union are meeting today in a last-ditch attempt to prevent the closure of six airports over the August bank holiday weekend.The meeting, at conciliation service Acas, is likely to be the last chance the two sides will have to come to an agreement over pay and prevent the proposed industrial action, which could affect more than a million passengers next weekend.Unite, which represents more than 6,000 BAA staff, wants an improvement on the one per cent pay increase offer for 2010, which it describes as an effective pay cut given the current rate of inflation. Three quarters of BAA members have agreed to industrial action, according to Unite.Unite chief Tony Woodley said yesterday the union’s demands were not unreasonable and he had no doubt an improved offer could be made by the airline.He added that the union will do its best to avoid strike action.Airports owned by BAA, which include Heathrow, Stansted, Glasgow and Edinburgh, have not been closed by strike action before, although a walkout was narrowly avoided in 2002 by an improved offer to workers. Share Last chance for BAA and Unite to prevent bank holiday strikes center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoReporter center[Photos] Meet The Man Katie Couric Is Romantically Involved With In 2021Reporter centerUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndo whatsapp Sunday 15 August 2010 10:54 pm Show Comments ▼ Tags: NULLlast_img read more

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Entrepreneurs to meet ministers

first_imgSunday 12 September 2010 10:20 pm The Entrepreneurs’ Union, a group set up by former Dragons’ Den judge Doug Richard to represent small company workers, has been granted an audience with the government after Richard presented business minister Mark Prisk with a manifesto. Richard believes entrepreneurs need to address the system whereby they are “dictated to by the government about what they can earn as a result of their labour”. KCS-content Entrepreneurs to meet ministers Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA 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.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapp whatsapp Show Comments ▼ Tags: NULLlast_img read more

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Sanofi chief hopeful of buying Genzyme

first_imgChief executive Chris Viehbacher yesterday reiterated Sanofi would not be rushed to buy Genzyme, a specialist in rare diseases, after it rejected Sanofi’s $18.5bn (£11.8bn) non-binding cash offer at the end of August.“I think there’s a reasonable shot at a deal getting done at a reasonable price, but it’s not going to be a quick process,” Viehbacher said in a webcast presentation at a Bank of America-Merrill Lynch Global Healthcare conference in London. SANOFI-AVENTIS sees a reasonable chance of buying US biotech Genzyme at a fair price, but expects it will take some time to agree a deal that would further diversify the French drugmaker and strengthen its US foothold. Genzyme chief executive founder, Henri Termeer, late last month said there was a “high probability” of a deal getting done but demanded, without wanting to specify, a reasonable starting point for negotiations to begin.Viehbacher had met about 50 per cent of Genzyme shareholders in the US last week and has yet to meet Genzyme management, whom he has accused of forming a “brick wall”, to discuss Sanofi’s offer of $69 a share. Sanofi chief hopeful of buying Genzyme whatsapp Wednesday 15 September 2010 8:12 pm Show Comments ▼ whatsappcenter_img Share KCS-content Tags: NULL More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPuffer fish snaps a selfie with lucky divernypost.com “It was easier to see Genzyme shareholders than management, but that will hopefully change very shortly,” he said.Viehbacher did not say at what price the Genzyme shareholders he had met would consider selling their holdings in the company.Several of Sanofi’s key drugs are facing generic competition which along with future patent expiries will shave about a third of its 2008 sales until 2013. Buying Genzyme would help Sanofi bridge that gap and add rare diseases as a sixth growth platform next to others like emerging markets and vaccines. last_img read more

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Hermes still bullish on 2010

first_img FRENCH luxury Hermes is maintaining its 2010 guidance despite a broader rebound in the luxury sector, chief executive Patrick Thomas said yesterday.Asked whether Hermes would raise its forecasts after similar upgrades from luxury fashion companies such as Valentino, Thomas said: “Not us, we keep the same guidance.”Speaking on the sidelines of the Hermes 2011 spring/summer collection presented on Wednesday – the last one designed by Jean-Paul Gaultier – Thomas said economic clouds remained dark.“I see that the crisis is far from being over and that difficulties are ahead of us,” Thomas said.Thomas said he was worried the global financial system was still being transformed, which risked impacting consumer demand.Thomas said he had not seen an improvement in the economic environment, only “more and more Chinese customers entering our shops in Asia and in the West”.In July, Hermes raised its 2010 sales growth target to 10-12 per cent from five per cent while at the end of August, it said it expected sales growth of around 12 per cent. Several luxury groups, including LVMH, and Gucci Group, have posted forecast-beating first-half results. Hermes still bullish on 2010 whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp center_img KCS-content Wednesday 6 October 2010 7:25 pm Show Comments ▼ More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPuffer fish snaps a selfie with lucky divernypost.com Tags: NULLlast_img read more

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M&S to reveal new masterplan

first_img MARKS & SPENCER will tomorrow unveil its blueprint for expansion with new chief executive Marc Bolland at the helm. The retail giant’s half-year results mark the start of a new era as Bolland shapes the company’s future – with international expansion expected to be high on the agenda. Analysts and investors are expecting a detailed vision as well as figures showing that the company is going in the right direction even as UK consumers rein in their spending. UK operating profit is forecast to be up by 8.7 per cent to £325m while like-for-like sales are expected to have climbed by 4.5 per cent, with clothing and home up by 6.5 per cent and food 2.6 per cent. The like-for-like sales performance has been stronger than expected according to analysts, with advertising campaigns and new products paying off. Meanwhile International operating profit is forecast to be up by 10.6 per cent to £73m. The company is targeting £250m in savings through more efficient IT systems and Bolland will have a keen eye on costs. Sam Hart, retail analyst at Charles Stanley said: “M&S comments are expected to be relatively cautious, with management likely to highlight the potentially negative impact of the forthcoming Vat increase and other government austerity measures on spending. It is almost inevitable that sales momentum at M&S will slow.” whatsapp KCS-content M&S to reveal new masterplan by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raider Share center_img Tags: NULL Sunday 7 November 2010 8:56 pm Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapplast_img read more

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British government backs probe into the impact of high frequency trading

first_img whatsapp Show Comments ▼ KCS-content British government backs probe into the impact of high frequency trading whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemcenter_img Tags: NULL Tuesday 23 November 2010 8:56 pm Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof THE?government yesterday said it was backing a study of how high-frequency trading (HFT) may shape London as a financial centre over the next decade.“The project will look ahead to developments in financial markets, with a prominent focus on high frequency trading,” financial secretary to the Treasury Mark Hoban said in a speech.HFT involves the use of computers by investors to dart in and out of markets and exploit tiny changes in share prices.HFT has grown sharply over recent years to account for about a third of trading volumes in Britain to about three-quarters of all share dealing in the United States.The London Stock Exchange, which is losing market share to low-cost rivals, has hired a technology specialist to attract business from HFT firms.Regulators are already worried about the fact that so much volume passes through just a few lightly regulated and thinly capitalised firms.The UK study will look at how to avoid “technology-led economic instabilities”.A group of experts will help guide the project, including Andy Haldane, director of financial stability at the Bank of England.The UK project will also look at how computer-generated trading will affect financial stability, share price formation and liquidity, competition, trading costs and the future role and location of capital markets. City watchdog the FSA is due to give its latest thinking on HFT tomorrow. last_img read more

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Munich Re is exposed to €2.4bn of Irish bonds

first_imgMonday 29 November 2010 8:02 pm Munich Re is exposed to €2.4bn (£2bn) of Irish government bonds – around 1.2 per cent of its total non-linked assets (see chart above).However, exposure to the Irish crisis is not as bad as some feared, according to data from Nomura.Munich Re’s exposure is double the next most exposed insurer, ZFS, which has 0.6 per cent of its non-linked assets, or €1.2bn, in Irish sovereign debt.Generali is third with 0.5 per cent of non-linked assets, or €1.8bn exposed. However, Generali is by far the most exposed to sovereign debt across all five crisis hit peripheral Eurozone countries – Portugal, Ireland, Italy, Greece and Spain.It has a total of €56.3bn sunk into sovereign debt, with €44.4bn in Italy alone. Axa has the second largest overall exposure to the five countries with €30.1bn. Munich Re has a total of €12bn. Reception to the Irish bailout package was muted in bond markets, with little movement. However, insurers performed well, with Prudential putting on 14p to 591p and Aviva adding 8.1p to 377.8p. Share whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem center_img Munich Re is exposed to €2.4bn of Irish bonds Tags: NULL whatsapp KCS-content Show Comments ▼last_img read more

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Google

first_img Show Comments ▼ Google whatsapp whatsapp IF GOOGLE pays $6bn for Groupon, it will be a staggering achievement for the start-up’s founders. The firm, which was valued at $1.35bn in Spring of this year, is expected to pull in revenues of $500m this year: that means Google’s offer is worth a staggering twelve times sales. But normal rules don’t apply in the world of fast-growing start-ups; with $500m of sales in its second full-year, Groupon is expanding at a scorching rate. Even the titans of the web industry, like eBay and Google, didn’t have such impressive revenues in such a short space of time. Nor were any of them in the black, as Groupon is. The real question is whether Google can make the acquisition work. YouTube, bought by the web giant for $1.65bn in November 2006, still hasn’t turned a profit. In fact, outside of search, Google has struggled to make money. Its laudable projects in mapping, books and voice recognition might have pleased consumers and geeks alike – but they barely make a dime. Tuesday 30 November 2010 8:18 pm Share Tags: NULL KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Prooflast_img read more

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Getting to grips with the BRICs: Foreign Office insights for the City

first_img Tags: NULL whatsapp KCS-content Sunday 5 December 2010 10:47 pm Sharecenter_img Show Comments ▼ FOUR former British Ambassadors to Brazil, Russia, India and China gathered recently at the Royal Automobile Club in SW1 to discuss these fast-growing economies, collectively nicknamed the BRICs. The objective was to help an audience of business people better understand how these countries see themselves in the context of their emerging status as world powers; who are their friends and chief rivals, what are the geopolitical challenges that most pre-occupy their governments? The four panellists – Dr Peter Collecott (Brazil, 2004/8), Sir Anthony Brenton (Russia, 2004/8), Sir Michael Arthur (India, 2003/7) and Sir Christopher Hum (China, 2001/5) – were expert, candid and realistic. The discussion was private but they have kindly allowed me to summarise their key points.1. THE CRUCIBLE OF THE PACIFICThe Pacific Ocean has replaced the Atlantic as the crucible of world events. This transition is hardly news, but it is now well underway, accelerated by the economic crisis, and its consequences are so serious and challenging for the West that we shouldn’t miss an opportunity to remind ourselves that we are living in a new world order. For the BRICs this transition creates opportunity, and threats. Indo-Sino-US rivalry in the Pacific will be the defining dynamic of 21st-century geopolitics (more on this later). Russia, which maintains its Pacific Fleet at Vladivostok (and nine time zones to the west, the Black Sea Fleet at Sevastopol), looks on with unease. In 2008 a Sino-Russian agreement resolved long running border disputes between Moscow and Beijing but, warned one of the ambassadors, “Russia is empty, and China is full” – Russia’s porous southern border with China will give Moscow a headache, as well as a business opportunity, for the foreseeable future. Only Brazil has no active interests in the Pacific Basin. 2. A GATHERING STORM IN ASIAOne of the ambassadors compared South East Asia’s geopolitics with those of Europe in the first decade of the 20th century. This does not mean conflict is inevitable, he stressed, but tensions will develop as the Pacific Rim’s emerging powers seek to exert influence in a confined geographic space which the US perceives to be vital to its own interests. China and India are commissioning blue water navies; India’s Ministry of Defence has pledged to spend $100bn (£64bn) modernising its armed forces in the coming decade. Tensions will emerge and these will have to be managed. Brazil is well out of it. 3. FOUR VIEWS ON AMERICAN POWEREach of the BRIC states is obsessed by the US. All of them have a thriving economic relationship with the world’s leading importer, and they see the US as the place to educate their elites and a cultural force that continues to exert a massive influence and pull on their citizens. But each BRIC has a different political perspective on the US:● For Brazil, the US is a regional paterfamilias; someone with whom it wishes to enjoy close relations, but one it also wishes would cease meddling in its backyard, and treat it more like a grown-up.● Obama’s reset has transformed the relationship between Washington and Moscow; witness the recent deal between NATO’s leaders and President Medvedev which brings Russia inside NATO’s once-contentious missile defence programme, and Russia’s discreet help for NATO in Afghanistan. Fear of Islamic terrorism, and China’s growing power, will gradually push Russia westward. ● India’s goodwill towards the US is uncomplicated: most of its best young men and women now go to American universities and Silicon Valley buzzes with Indian expats. The world’s two most important democracies are establishing a strategic partnership – witness their 2008 civil nuclear agreement and a developing defence relationship. Barack Obama made a state visit to New Delhi in November, when he blessed India’s campaign to become a permanent member of the UN’s Security Council and encouraged the Indian Air Force to modernise its fleet of multi-role combat aircraft with Super Hornets and F-16s. The US sees an armed, regionally active India as a useful balance to China. So does New Delhi. ● Obama calls China “our vital partner and competitor”. Of all the BRICs, China is the most committed to rival America as a world power. Analysts predict China could overtake the US economy (in terms of GDP) as early as 2020 and the prospect fills Chinese policy makers with pride, as China re-asserts itself as a world power, and trepidation, as they anticipate the response of the US, and consider how to weight their diplomatic and military programmes to match China’s economic muscle. The Chinese leadership feels vindicated by the economic crisis, and the fault-lines it has revealed in Western capitalism. But the Chinese and the US economies are highly interdependent; and the scale of China’s domestic challenges stops Beijing from feeling too sure of itself. So does the knowledge that China cannot match US military power for the foreseeable future (the US Pacific Fleet consists of around 180 ships, nearly 2,000 aircraft and 125,000 sailors, marines and civilians). China’s two regional priorities are to protect China’s extended shipping lanes and to restore sovereignty over Taiwan. No wonder China is currently building its own aircraft carriers. 4. THE EUROPEAN UNION SIDESHOWNone of the BRICs take the European Union seriously. They are confused by its complex structure and unmoved by its demonstrations of soft power. China welcomes the EU’s commitment to a multi-polar international system, but Beijing prefers to deal directly with what it regards as Europe’s principal powers (Germany, France and the UK, probably in that order). India feels comfortable with Europe, and especially the UK; Britain needs to do more to turn this goodwill into a meaningful partnership (hence the unprecedented scale of David Cameron’s visit to India in July). But like China, India prefers to do its diplomatic business bilaterally. Ditto Brazil. Russia has the deepest relationship with the EU, and this looks set to grow as Chinese power in the Pacific pushes Russia west, and the EU works hard to accommodate it. 5. NEW RIVALS TO OUR KNOWLEDGEThe BRICs all aspire to be knowledge economies, something that too many in the West still regard as a natural monopoly of the old world. Russia sits on a first-class science and engineering base. India is one of the few powers to have developed a nuclear capability without external assistance. Many of India’s software firms are now world leaders. Brazil’s biodiversity and technological base has made it a global centre for agritech and biotech research and development; Embraer, an aviation conglomerate based near Sao Paolo is now the third largest commercial aircraft manufacturer in the world. China knows its growing prosperity is eroding the competitiveness of its low-tech, high-volume manufacturing base; it too is moving up the value chain. In 2008 the government set up a passenger aircraft manufacturer, Commercial Aircraft Corporation of China (COMAC) to reduce the country’s dependency on Boeing and Airbus. 6. SOME THINGS WON’T CHANGEThe discussion closed with a consensus that in 2050 China would be the largest economy in the world, but that the US would still be the world’s pre-eminent power.Alex Hickman, former foreign affairs adviser to David Cameron (2006/7) is managing partner of Chartwell. www.chartwellpartners.co.uk Getting to grips with the BRICs: Foreign Office insights for the City whatsapplast_img read more

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Orchid invests £3.6m in Sky 3D

first_img KCS-content Sunday 12 December 2010 10:42 pm The Orchid Group yesterday announced it will invest £3.6m upgrading all of its TV content to Sky 3D and Sky+HD. The move will see the technology installed in all 300 of its premises, which include Bar Room Bar, The Oriental Restaurant Group and The Living Room. Rufus Hall, chief executive of The Orchid Group said: “We have trialled Sky+HD and Sky 3D sports in both our drink and food led businesses and the results show this is what our customers want.” whatsapp whatsapp Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap Show Comments ▼ Orchid invests £3.6m in Sky 3D Tags: NULLlast_img read more

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