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22 May 2014, 18:09 CET

Expert comment on Google appealing its £2.2bn EU fine

Posted by Warwick Business School at 13 September 2017, 13:30 CET |
Filed under: Consumer, Competition, Internet

Zhewei Zhang, of Warwick Business School, Assistant Professor of Information Systems and researches digital innovation and design, comments on Google appealing its £2.2bn EU fine.

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Funding Options for SMEs Post-Brexit

Posted by EUbusiness at 11 September 2017, 17:50 CET |
Filed under: Brexit, SMEs, Britain, Finance

By Edward Thorne, UK Managing Director, Dun & Bradstreet

It's widely accepted that Brexit will have a major impact on the British economy but the slow progress of negotiations and lack of clarity is leading to growing frustrations across the business community.

According to the Federation of Small Businesses, the European Investment Fund has provided almost £500 million per year to help British SMEs. As UK-based small businesses are likely to lose access to funding and trading terms extended to European Union member-states, they will need to look at alternative sources of funding to sustain future growth. With small and medium enterprises totalling 99.3% of all private sector businesses, the loss of capital could stymie business growth and impact the overall strength of the British economy.

SMEs can act now to assess how dependent they are on EU funds or loan guarantees and gauge the impact on their business. Meeting with current financiers to discuss near-and long-term funding could help identify and manage vulnerability, and get a clearer picture of what Brexit could mean for future financing.

Liquidity concerns don't begin and end with any single business. Suppliers and customers could be adversely affected, as well. Having a full picture of the supply chain and customers base is vital. Finding out more about where partners are with their own access to capital and what steps can be taken to minimise disruption could also be helpful. For example, additional trade credit could be extended to reliable customers to help quell immediate fears.

Monitoring economic and political developments and anticipating the potential impact of Brexit gives small businesses time to consider additional funding sources. It's worth reviewing several such options now.

Chancellor of the Exchequer Philip Hammond recently launched a consultation, "Financing growth in innovative firms," in order to solicit input from stakeholders on how to administer a proposed National Investment Fund intended to make innovative companies more competitive and offer a potential buffer should EU investments evaporate.

A number of city councils and organisations also offer loans or grants to support businesses through schemes such as the Regional Growth Fund. There are also private-public funding efforts available, such as the £250m Midlands Engine Investment Fund just launched by the British Business Bank designed to accelerate growth and provide support for the region's smaller businesses.

Increasing access to alternative finance providers was a key objective of the Small and Medium Business (Finance Platforms) Regulations 2015. Since last year, banks are now mandated to refer any SMEs they reject for finance to a designated online finance provider. These providers can help match businesses with alternative sources of finance to help them grow, and use developing technologies to provide quicker access to cash.

The current uncertain climate should be a motivator for business owners to review how their organisation may be perceived by lenders. Business data is driving the decision-making process at many financial institutions. The information available from sources such as Companies House and business credit bureaus is often used to set loan terms, and poor scores can jeopardise funding applications and limit entrepreneurial growth.

Similarly, organisations charged with awarding grant money may be reluctant to work with a company that has accrued substantial debts. A business's financial profile is often used to assess credit worthiness and suitability s for l funding, and will be critical to secure alternative sources of finance in preparation for Brexit.

No one is certain how British businesses will fare as the UK negotiates financial agreements with the EU. What is apparent - and worthy of further investigation - is that both the public and private sectors offer opportunities to access alternative sources of capital. The key, of course, is getting ahead of the game and acting now to protect against any changes to the lending environment to ensure SMEs can continue to flourish and drive their businesses forward, regardless of the uncertainties.

Expert comment on inefficient vacuum cleaners being banned by the EU

Posted by Warwick Business School at 06 September 2017, 23:42 CET |
Filed under: Environment, Energy, Consumer

Frederik Dahlmann, of Warwick Business School, Assistant Professor of Global Energy, a researcher into the low carbon economy, comments on inefficient vacuum cleaners being banned by the EU.

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Will Brexit be the Last Straw for UK Engineering?

Posted by Tom Brown at 17 August 2017, 18:00 CET |
Filed under: Brexit, Britain, Finance

Brexit is a potential disaster for UK engineering. 85% of Engineering Employers Federation members believe we should be in Europe, the world’s largest developed market, which buys nearly half our exports, and which is the only one we can serve economically with ‘Just in Time’ (JIT) delivery which is essential for many products.

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Are the German and Swiss exits of nuclear power an example to follow in Europe?

Posted by Laurence Daziano at 28 June 2017, 14:00 CET |
Filed under: Energy

In a referendum held last month, the Swiss have approved a new energy law that aims to replace nuclear power with renewable energies. After Germany and Italy, a third European country, using nuclear energy, decides to embark on a nuclear energy policy.

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EU's priority is a positive agenda for the 27, not Brexit

Posted by Nick Prag at 18 May 2017, 23:00 CET |

There was much talk this week of the beginning of a fightback against the populists in Europe.

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Who was celebrating Europe Day this year?

Posted by Nick Prag at 11 May 2017, 23:20 CET |
Filed under: Institutions

In the UK the only official Europe Day event took place in Scotland, which voted overwhelmingly to remain in the EU in last year's Brexit referendum. And a large EU flag was hung from Maidenhead Bridge near here.

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French elections threat to Europe's future

Posted by Nick Prag at 05 May 2017, 00:00 CET |
Filed under: Culture, France

A new museum of European history opens to the public on 6 May, a day before Marine Le Pen and Emmanuel Macron play their final duel in the second round of the French presidential election.

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Time to revaluate the EU's relationship with Turkey

Posted by Nick Prag at 28 April 2017, 00:35 CET |
Filed under: Turkey

With concerns mounting over the state of democracy in Turkey, the European Parliament this week debated options for future relations with the long-standing candidate for EU membership.

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Fake news wins elections

Posted by Nick Prag at 21 April 2017, 12:15 CET |
Filed under: Media

As elections take centre stage in Europe, the issue of fake news and the proliferation of deliberate misinformation on the Internet become a central issue.

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Troubled times incite intolerance

Posted by Nick Prag at 09 March 2017, 17:15 CET |

International Women's Day Wednesday was an occasion for the EU to reaffirm its strong commitment to gender equality.

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Nuclear industry and globalization

Posted by Laurence Daziano at 08 March 2017, 23:21 CET |
Filed under: nuclear, Energy

At a time when plans for the construction of new nuclear power plants are multiplying throughout the world - in Europe, Asia, Russia and the Middle East - the nuclear industry is evolving: French restructuring, Toshiba’s financial difficulties, Rosatom's international expansion, participation of the Chinese industry with the British EPRs in Hinkley Point. All this shows that the nuclear industry, although very specific due to a very high capital intensity and a long-term duration, is undergoing transformations linked to globalization and the emergence of new powers.

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The European Commission Has Failed in its Fight against Food Waste

Posted by Tomas Zdechovsky at 01 March 2017, 17:00 CET |
Filed under: Food & Drink

Every year The European Union invests hundreds of millions of euros in development aid, fight against hunger and fight for fair trade practices all over the world.

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Solutions for Europe's future that the public can understand

Solutions for Europe's future that the public can understand

Posted by Nick Prag at 16 February 2017, 23:25 CET |
Filed under: Institutions

The European Parliament responded to the pressing challenges facing the EU by approving three resolutions Thursday which explored the future development of the EU.

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Europe first

Posted by Nick Prag at 19 January 2017, 18:10 CET |

In a week in which U.S. president Donald Trump starts work on "making American great again", Europe debated its own future in the European Parliament this week.

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Putin the real winner from Trump-Brexit axis

Posted by Nick Prag at 20 December 2016, 00:15 CET |
Filed under: Brexit, Britain, USA, Russia

This year has been a dispiriting one for the EU. The implications of the votes on Brexit and the American presidency for Europe's economy and its security are still being evaluated.

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US-EU data transfer deal set for speedy implementation

Posted by Nick Prag at 01 December 2016, 22:30 CET |
Filed under: USA, Data protection

The European Parliament gave its final green light to the historic EU-U.S. Data Protection 'Umbrella Agreement' on Thursday, despite concerns over whether president-elect Donald Trump might be less keen on its implementation.

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Brexit II horror movie opens in the U.S.

Brexit II horror movie opens in the U.S.

Posted by Nick Prag at 10 November 2016, 21:35 CET |
Filed under: Brexit, Britain, USA

Brexit II, sequel to the first Brexit horror movie shot in the United Kingdom, opened in the United States this week to shock and derision from most critics, though to some acclaim in Russia.

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Europe need not be afraid of data

Posted by Nick Prag at 29 September 2016, 17:15 CET |
Filed under: Data protection, Internet

"Europe should not be afraid of data" said EU Commissioner Andrus Ansip at the Digital Assembly 2016 in Bratislava, Slovakia this week.

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The Case of Eva Michalakova - An Absurd Norwegian Decision

Posted by Tomas Zdechovsky at 07 July 2016, 17:30 CET |
Filed under: EU Law, Norway

If the state takes away your children do not complain - a short summary of the twenty-nine-page decision of the Norwegian court in the case of Eva Michalakova's children. It is an utter impertinence to complain about the Barnevernet publicly.

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