In the News – Galvin Round Up

 

UK companies begin preparing for a no-deal Brexit, the World Economic Forum meets in Davos, and Japan’s PM calls for WTO reform – find out more with your international perspective on some recent headlines.

Companies Ramp Up Post-Brexit Plans

With the major political parties still in a deadlock over Brexit, companies have begun to speed up and implement their post-Brexit plans, and in particular their plans for the event of a no-deal scenario.

The maritime operator P&O, which has operated in Britain for 182 years, announced that it would be re-registering the entirety of its cross-Channel ferry fleet under the flag of Cyprus, while electronics giant Sony confirmed it would be moving its European base from London to the Netherlands. Smaller companies who are staying in the UK, including Pets at Home, also stated that they were stockpiling supplies to help with the supply chain disruption of a no-deal Brexit.

Meanwhile, entrepreneur and Dyson CEO Sir James Dyson has revealed plans to move his company’s headquarters to Singapore – a move that has attracted particular criticism given his vocal, well-publicised pro-Brexit stance.

World Economic Forum Gets Underway in Davos

The annual World Economic Forum in Davos began on Tuesday the 23rd of January. In contrast to previous years, 2019’s meeting is perhaps most notable for its absentees – Donald Trump, Theresa May, and French President Emmanuel Macron have all declined to attend in the light of turmoil within their own countries.

China’s Xi Jinping and India’s Narendra Modi will also be absent – leaving the forum without some of the globe’s most significant and powerful world leaders.

The slowdown of global growth is likely to be on the agenda, but the meeting’s main talking point may prove to be climate change – with a poll of WEF members showing that it was the number one concern that they want addresses, and a keynote panel debate on the issue featuring Sir David Attenborough, Al Gore, and New Zealand prime minister Jacinda Arden.

Japanese PM Joins Calls for WTO Reform

Japan’s prime minster, Shinzo Abe, has argued that factors ranging from Brexit to the US-China trade war pose a risk to the world economy, and that reform of the WTO is needed to ensure growth.

As we have discussed on the Galvin International blog before, the WTO has been facing criticism for a while now, but Mr Abe’s comments will only increase the likelihood of an imminent complete overhaul for the regulatory body.

The Galvin News Round-Up

Do you ever wonder how the latest headlines could affect your business? Galvin International’s round-up of current events will give you the international perspective you’re looking for.

Our exclusive newsletter highlights the most important and intriguing news of the week, providing analysis and insight on everything from economics to employment trends. To stay in the loop about business overseas, subscribe here – and don’t miss out on the stories that could shape your company.

 

1912post

RELATED BLOGS

Find us

London

Contact: John Galvin
Mobile: +44-(0)7905-797723 | Office: +44-(0)203-755-3706
Email: john.galvin@galvininternational.com
Address: 344-354 Gray's Inn Road, London WC1X 8BP, United Kingdom

New York

Contact: Brandon Rosenthal
Mobile: +1-914-906-0474 | Office: +1-212-452-7810
Email: brandon.rosenthal@galvininternational.com
Address: 450 Lexington Avenue, New York, NY 10017, USA

In the News: The Galvin Round-Up

Subscribe to our news round-up for an international business perspective on the latest headlines.

yesBy checking this box, you agree to receive Galvin International updates and offers via email. All subscribers must be over the age of 16. Recurring automated marketing messages will be sent to the email address provided. You can unsubscribe at any time.View Terms of Use and Privacy Policy.