News story: Dr Liam Fox welcomes City chief as Director General for Exports

first_imgThis new position is at the heart of the government’s post-Brexit trading plan, and is tasked with ensuring that new and existing exporters can access the right financial, practical and promotional support to sell overseas.The international demand for British goods and services has never been stronger, with exports from the UK rising more than 12% to £622.1 billion in 2017. Mahon’s work will be crucial in ensuring UK companies are well placed to take advantage of these opportunities.One of his first tasks will be to oversee the UK’s emerging Export Strategy, ensuring that firms of all sizes have the right support from government to do business around the world. Left to Right: Dr Liam Fox, Antonia Romeo, and John Mahon.Speaking at a City Week 2018 event later today, International Trade Secretary Dr Liam Fox will say: DIT listens to industry experts. This is especially true in financial services. It is no coincidence that today John Mahon, former Head of Barclays Corporate Bank, starts his new role as our new Director General for Exports. I am delighted to welcome John on the team and look forward to the wealth of experience that he will bring to the role.last_img read more

A company from Slavonia furnishes American hotels with furniture

first_imgThat Slavonia can and knows differently is an example of furniture manufacturer Ancona grupa doo from Đakovo, which has been entrusted with equipping five hotels in the United States, from New York through Washington to Miami, writes Business diary.It is about Ancona Group from Đakovo, which produces furniture in its own production, and employs over 120 employees. “These are two hotel chains there and an international competition. Four hotels belong to the Club Quarters chain, three of which are in New York and one in Washington, these four we have to equip by the end of the year. I’m going to America next week because of an arrangement for a possible four more outfits next year. There are indications that this could turn into a very serious business. It has also been agreed to equip a hotel belonging to the Even chain, located in Miami, and we have to deliver it by March or April next year. We sent a model room to America for a project in Miami, and to equip hotels in New York and Washington is already working hard in production”Points out the owner of Ancona Group, Markica Stanušić for Poslovni dnevnik.Photo: Ancona groupExactly one “small” company from Croatia managed to contract the equipping of five American hotels in 2017 and 2018 through a regular tender. You know when you apply for a job and if you have the best offer you get a job. So simple and normal, right?”I was on a trip to America last year for Christmas and New Year. I accidentally booked the Club Quarters hotel and when I arrived, I expected a lot more. We went through a dozen hotels, but the furniture seemed terribly cheap, modest. I contacted an agent I met at the fair and asked if we had the opportunity to compete there. There was a competition, and just for that hotel where I stayed for the first time. We called and – passed ” Stanušić points out and adds that his new client has so far imported everything from the Blistok East, and never from Europe. “I don’t know what they expected here, but when they saw the company, the facilities, the model room, our approach to work, they went in amazement”Concludes Stanušić.Let’s buy Croatian. Meet them – Ancona GroupRelated news:EXCELLENT COOPERATION! PRIMA FURNITURE EQUIPPED BLUESUN 5-STAR HOTELSHOTEL ESPLANADE RECOGNIZED THE QUALITY OF CROATIAN FASHION DESIGN AND CREATED A COLLECTION OF NEW UNIFORMS FOR HOTEL RECEPTION EMPLOYEESLUXURY TOURISM IS NOT GOLDEN FAUCETS BUT QUALITY DESIGNlast_img read more

Horrific bushfire season to force interest rates to record low

first_imgThat was expected to push the Reserve Bank board to cut its cash rate target by 0.25 percentage points to 0.5 per cent at its first 2020 monetary policy meeting – set for February 4 in Sydney.The current season – which doesn’t end until May – has so far seen around 11m hectares of land and over 1900 homes burnt in wildfires across four Australian states. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours ago Burnt property seen in Clifton Creek January 9, 2020 as extreme fire danger was forecast for the north of Victoria on Friday. Picture: Luis Ascui/Getty Images.The fallout from Australia’s worst bushfire season since Black Saturday has almost guaranteed interest rates will drop to a new historic low within weeks.This as experts warn of a high risk of broader economic impacts off the 2019-2020 bushfire season – including mounting insurance costs, mortgage delinquencies, damage to agriculture, tourism, household spending and worker productivity from enduring air pollution. Bayside property market on the up in 2020 Middle Brisbane seeing strongest home price growthcenter_img MORE: Thousands open homes to bushfire evacuees The homes of Beau Williams and his father Brian Williams were lost during bushfires in late 2019 at Noosa. Picture: Peter Wallis.Moody’s Investors Service said as of January 7, the Insurance Council of Australia tallied 8,985 bushfire related insurance claims lodged in New South Wales, Victoria, Queensland and South Australia. The figure was for the period beginning September 2019 when the first seasonal bushfires broke out in Queensland. The Insurance Council believe total insurance losses could run up a high as $700m “as many more claims are lodged over the coming weeks”.Moody’s Investors Service expected the lion’s share of the claims to be worn by Queensland firm Suncorp Group, through subsidiary AAI Limited, and Insurance Australia Group “because of their significant market share in home and motor insurance”.Moody’s Analytics economist Katrina Ell warned “the risk of there being broader macroeconomic spillovers this season are high given the scale of the fires”. “Odds were already high that the Reserve Bank of Australia will cut interest rates at its next meeting, in February, to bring the cash rate to 0.5 per cent. The fires increase those odds”.She said “it could be some months before efforts move from fire containment to rebuilding”.The ASX rate tracker yesterday saw the market swing towards a 60 per cent expectation of a rate cut to 0.5 per cent.Ms Ell said “bushfires in Australia have not tended to have an aggregate impact on the economy; instead there have been severe localised impacts. But the risk of there being broader macroeconomic spillovers this season are high given the scale of the fires as well as the fact that it is still early in the bushfire season and the existing fires are yet to be contained.”According to Moody’s Investors Service “mortgage delinquencies will increase in affected areas, due to the economic disruption and the damage caused by the fires”.It said “insurance, relief measures and loan features mitigate risks” and help “to limit mortgage delinquencies or preventing them escalating to defaults and losses”. – FOLLOW SOPHIE FOSTER ON TWITTERlast_img read more

Benteke vows to get better

first_imgChristian Benteke has vowed to prove his commitment to Aston Villa after dealing a blow to his potential suitors by performing a sudden U-turn and agreeing to stay at the club. Press Association He said on the club’s official website: “I spoke with the manager when I returned to training and we had a good talk. I am very happy to be back here in Birmingham and at Aston Villa, and to sign a new contract. “This is a great club and it has given me a lot. Now I have to give back to my team-mates and the fans who have always been right behind me. “The end of last season was very good and the lads were very strong. It was not easy but we came through it and the confidence is high. So everyone knows what we have to do now – be better. I need to be better than last year.” Keeping Benteke is a huge coup for Villa, with the Belgium international establishing himself as one of the Barclays Premier League’s most feared strikers in his first season at the club. It was less than two weeks ago that Villa confirmed he had asked to leave. Lambert said: “I had a full and frank discussion with Christian Benteke on his return to training this week regarding his future. It is my opinion that the best thing for Christian is to remain at Aston Villa. “He enjoyed a terrific first season at the club and can use that as a platform to hopefully enjoy more success this season. “I’m delighted, having time to re-evaluate his future, Christian has decided to commit to the club. It’s a huge bonus and I’m sure the supporters are every bit as delighted as me to have him on board and raring to go.” Signed from Genk last summer, Benteke scored 19 Premier League goals to help keep the midlands club in the top flight. It was in general a season of struggle for Villa, who battled relegation for much of the campaign before finishing five points clear of the drop. center_img The striker has withdrawn his transfer request and agreed a new deal at Villa Park until 2017. The 22-year-old’s change of heart came after a “full and frank discussion” with manager Paul Lambert last_img read more