Top 100 most valuable German brands stand to lose up to 11% of brand value – over €49 billion – following devasting COVID-19 pandemic. Mercedes-Benz retains titles of Germany’s most valuable brand, brand value €58.7 billion. Germany’s fastest growing brand, RWE, jumps 32 spots in ranking following staggering 96% brand value growth. Chemicals giant BASF is nation’s strongest brand, Brand Strength Index (BSI) score 85.9 out of 100.
Over two-thirds of UK Small and medium sized enterprises (SMEs) (69%) have reported significant pressures on their cash levels. This is in large part down to businesses paying for supplies earlier than anticipated because of coronavirus-related stockpiling and fears of deeper disruptions to transport (road, air and rail) linkages. Additionally, on orders and work that has been completed, payments are being delayed. Three-quarters (74%) of business owners reported invoices due to be settled at the end of February have not been paid yet (as of 10th March 2020) and that these were unlikely to be settled before the end of March 2020.
Drug development companies could face Investigational Medical Products (IMP) and Investigational New Drug (IND) clinical supply chain and commercial product supply issues created by the UK’s departure from the EU. New rules, especially in terms of CTSM and QP services, could cost healthcare companies millions in clinical trial hold ups and potential trial failure if they are not prepared in time. Furthermore, approved drug supply and delivery will be complicated following the UK’s December 2020 full exit from Europe.“Following ratification of the UK’s “Withdrawal Agreement” there is clarity on all the forced changes the UK’s departure from Europe will involve for healthcare companies worldwide running clinical trials in the EU.
In his address to delegates, the FIFA President Gianni Infantino stressed his belief in African football: “Our objective must be to project African football to the top of the world,” he said. “We have been talking about the development of African football for many years. Pelé once said that an African team would win the FIFA World Cup, but this hasn’t happened and it seems we are not making progress. Today must be the day we turn that page.” The FIFA President then unveiled a joint FIFA/CAF strategy for the elevation of African football focused on three key pillars: Refereeing, investment mobilisation and competition development.
Germany’s Mercedes is the most valuable brand in Europe according to Brand Finance Global 500 ranking to exceed US$200 billion value mark and retains title of world’s most valuable brand for third consecutive year. Mercedes speeds ahead as most valuable brand in Europe, narrowly missing out on entering global top 10. Twenty other German brands make ranking, including Volkswagen (25th, US$44.9 billion), BMW (30th, US$40.5 billion), Deutsche Telekom (31st, US$40.0 billion), and new entrant Munich Re (449th, US$4.7 billion).