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).
S&P Global Ratings said that the killing of Iranian general Qassem Soleimani by the U.S. and its ongoing fallout has rapidly escalated event risk in the Gulf region. For now, this development does not alter the base-case assumption that any military action by either side will not lead to a fully fledged direct military confrontation. S&P continues to believe that any escalation will remain contained given that a direct conflict would be economically, socially, and politically destabilizing for the entire region, including U.S.-Gulf allies. We consider that a potential intensification of proxy conflicts will further undermine confidence and investment in the region. Our ratings on Gulf sovereigns already take into account a certain level of regional geopolitical volatility.
by Stefanie Claudia Müller, Madrid
“We are moving on very thin ice,” believes Ingrid Hofmann-Schmitz. The successful auditor, art collector and real estate investor is old enough to know when economic crises are imminent: “I have never had such a strong feeling that we were only one day before 1929. A chaos builds up from global debt, real estate bubbles and refugee flows. The German government is the best example that nobody really addresses the dangers. I am not alone among my colleagues with this opinion, ”says the 70-year-old from the Rhineland. According to the specialist portal immowelt, the purchase prices for apartments in Germany rose on average from 1550 euros per square meter in 2011 to 2460 euros in 2017: “Such increases are not sustainable and are not justified,” says Hofmann-Schmitz.