Showing posts with label Brexit. Show all posts
Showing posts with label Brexit. Show all posts
Monday, June 22, 2026
Wednesday, June 29, 2016
‘Brexit’ Brouhaha Briskly Broached by World Economic Forum
Jun 26, 2016 9:12 pm HKT
Travis Kalanick, chief executive officer of Uber, speaks during a session at the World Economic Forum Annual Meeting of the New Champions in Tianjin, China, on Sunday, June 26, 2016. PHOTO: BLOOMBERG
TIANJIN, China—What’s a premier exponent of globalization to do after Britain’s vote to exit the European Union? In the case of the World Economic Forum, arrange a panel discussion.
Responses to the British referendum at the start of a three-day forum event in China on Sunday ranged from lingering shock to analytical detachment and a degree of indifference, given the heft of the Chinese economy and its limited trade with Britain. Klaus Schwab, the German economist who is the forum’s founder, didn’t respond to a reporter’s question about the British vote.
With the topic top of mind for many, a special panel titled “After the Brexit” was added Sunday morning to a program that had been weeks in the planning. Adrian Monck, a member of the forum’s executive committee, set the tone, saying that as a British passport holder and possible ex-EU passport holder, he was “still coming to terms with the emotional impact of ‘Brexit’.” His 12-year-old son, he said, had “burst into tears.” He then called for rational analysis.
Political-risk consultancy Eurasia Group’s President Ian Bremmer, whom Mr. Monck called the “pundit’s pundit,” said that as with economies, “geopolitics has boom and bust cycles too.” He said the British rejection of the EU further dented the U.S.-led world order put in place after World War II. He put it on par with the 2008 financial crisis and the U.S. response to the September 11 terrorist attacks.
Larry Stone, public affairs chief for BT Group PLC, said uncertainty and instability lie ahead for business, especially companies such as his, which, he said, draws more than 10% of its global revenue from Europe. Michael Falcon, an Asia-Pacific chief executive for J.P. Morgan Chase & Co., said the vote is causing a shock, but not a crisis, with volatility expected.
All agreed that much hangs on what happens next: how the British government negotiates its departurefrom the EU and under what terms.
So did the vote represent a slap in the face to the global elite, Mr. Monck asked? Mr. Bremmer saw in the vote a reasonable response to the hollowing out of the middle class in industrialized countries, and to the inadequate response by political, corporate and other leaders.
“It’s not the absence of fact. I don’t think it’s the uneducated. This is rational behavior in the same way that someone in Gaza who has no ability to act out and has only a rock is going to throw it,” Mr. Bremmer said.
Elsewhere in the forum, the ‘Brexit’ issue emerged at times though didn’t consume the discussion. Matthew Prince, founder of the U.S. tech company Cloudflare Inc., said London’s role as a magnet for talent is likely to suffer since people from other parts of Europe may feel less welcome.
Travis Kalanick, the co-founder and chief executive officer of Uber Technologies Inc., didn’t expect much impact on the ride-hailing company. “We’re all about serving cities,” he said. “As long as there are still roads in London, as long as there are still people in London, there are some fundamental things that will continue to do well.”
Given the forum’s location—in a fast-changing Chinese port city—a ‘Brexit’ impact on China and the region was weighed. Li Daokui, an economist at Tsinghua University, thought the influence on China would be minimal, while Huang Yiping of Peking University saw it differently, saying the vote represents a backlash against globalization, a phenomenon that has benefited the Chinese economy.
Even so, some noted that East Asia seemed a region of relative well-governed calm compared with many parts of the world, Europe included. “All the political risk geopolitically is at home,” said Mr. Stone, the British telecomms executive, back at the Brexit panel.
– Charles Hutzler and Eva Dou.
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Tuesday, June 28, 2016
Brexit is the beginning of the breakup of EU
Monday, June 27, 2016
I don’t expect a global recession or another global financial crisis. I think the impact of Brexit is significant but not of the same size and magnitude of the one we had 2007 to 2009.
However, I would say it is a major, significant financial shock, as the reaction of the markets on Friday suggested. It creates a whole bunch of economic, financial, political and also geopolitical uncertainties.
At some point in the future, the Scots might decide to go for another referendum and it may be the break-up of the United Kingdom. Then the Catalans in Spain might say ‘me too’ and that might lead to the break-up of Spain.
Some of the Nordic members of the European Union might say ‘without the UK the European Union is mostly the Euro-zone, so what’s in it for me?
North American Leaders Meet, With Brexit and Trump Clouding Ties
Josh Wingrove
Mike Dorning
June 28, 2016 — 5:00 AM EDT Updated on June 28, 2016 — 3:43 PM EDT
Obama, Trudeau and Pena Nieto hold summit Wednesday in Ottawa
U.K. vote, U.S. presidential race weigh on pro-trade agenda
The shadow of Brexit and rising protectionist sentiment loom large as U.S. President Barack Obama meets his North American counterparts to bolster the world’s largest trading bloc.
Obama, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto hold the so-called Three Amigos summit Wednesday in Ottawa, with fallout from the U.K.’s vote last week to leave the European Union raising pressure to show confidence in their own alliance. The countries will vow to produce more clean power and cut methane emissions while strengthening economic ties.
QuickTake
Britain and the EU
Risks to North America are palpable, as Brexit roils global financial markets and anti-trade rhetoric ramps up in the U.S. presidential campaign. The meeting -- Obama’s last, and Trudeau’s first -- comes amid opposition to the Trans Pacific Partnership and disputes over visas, lumber, and beef. Yet all three countries see the summit as an opportunity to double down on easing trade barriers.
“This is a moment for North America to say we stand united, we stand together,” Chrystia Freeland, Trudeau’s trade minister, told Bloomberg TV Canada’s Pamela Ritchie on Monday. “And as a continent, we have a partnership that believes in the importance of building bridges rather than building walls.”
Given the impact it’s had on world financial markets, Brexit will be discussed at the summit but won’t be the focus, White House Press Secretary Josh Earnest said Tuesday.
All three countries have signed but not yet ratified the 12-nation TPP. The deal faces hurdles in Congress and is opposed by presumptive U.S. presidential nominees Hillary Clinton and Donald Trump, with the latter vowing to “rip up” the North America Free-Trade Agreement and other pacts.
“I’m going to tell our Nafta partners that I intend to immediately renegotiate the terms of that agreement to get a better deal by a lot -- not just a little, a lot -- for our workers,” Trump said in a speech Tuesday in Monessen, Pennsylvania. “If they don’t agree to a renegotiation, which they might not because they’re so used to having their own way,” he said, “then I will submit under Article 2205 of the Nafta agreement that America intends to withdraw from the deal.”
Increased ‘Uneasiness’
Republicans, whose support is critical, are wary of getting out of step with the rank and file, having lost high-profile party figures in populist revolts. Brexit will only increase “uneasiness” toward trade, according to former Republican Congressman Vin Weber, now a partner at lobbying firm Mercury LLC. “What happened in Britain and what’s going on in American presidential politics absolutely has an effect: It makes everybody more nervous,” he said.
Wednesday’s summit is the first since 2014. Last year’s was postponed by Trudeau’s predecessor Stephen Harper in part because of tensions over the Keystone XL pipeline, which Obama rejected after the new Canadian prime minister took office. This year’s meeting will “focus on creating jobs, strengthening North American communities, and building a clean growth economy,” Trudeau said in a statement.
“Certainly Brexit will be on the agenda,” said Mark Feierstein, the U.S. National Security Council’s senior director for western-hemisphere affairs. “It’ll be evident to Americans and people beyond that when North America speaks and acts as a single unit, it’s really for the good of our citizens and people around the world.”
Environment, Immigration
The countries will pledge to produce half their electricity through non-carbon-emitting sources by 2025. That “aggressive goal” will require “ambitious” measures, according to senior Obama adviser Brian Deese. Mexico is also joining a pledge made in March to cut methane emissions.
This week’s talks take place amid a dispute over a visa restrictions Canada placed on Mexicans to stem asylum claims, a thorn in the ties between the countries.
“There’s a lot of confusion in Mexico, hurt feelings and disenchantment with Canada over this issue,” said Laura Macdonald, a professor of political science at Ottawa’s Carleton University.
Trudeau and Pena Nieto announced Tuesday during a bilateral meeting that the visa restriction would be lifted effective Dec. 1, and that Mexico would fully open its borders to Canadian beef as of Oct. 1.
U.S. Protectionism
The Brexit vote was “a very big shock” for the three leaders, whose economies under Nafta collectively exceed that of the EU, according to John Kirton, director of the University of Toronto’s G-7 Research Group. As a result, the trio is under more pressure to display unity and declare “globalization is good for us and we still deeply believe it and are reaping the rewards as we speak,” Kirton said.
Polls show a wave of opposition to trade agreements. Americans, by a margin of 65 percent to 22 percent, say they want more restrictions on international trade, according to a Bloomberg poll in March. The same poll found Americans believe Nafta is a trade deal gone awry that has done more harm than good.
Deals in Limbo
The 12 TPP nations have until February 2018 to ratify the pact. Chances of the U.S. doing so this year were slipping even before the Brexit vote, according to Alec Phillips, a Washington-based economist with Goldman Sachs Group Inc. “Our expectation was already reasonably low that it would happen,” he said.
Trudeau, who describes himself as “extremely pro-trade,” has the parliamentary majority to approve the deal though he hasn’t yet taken a clear position. Mexico has already submitted TPP to its Senate for review and expects a vote later this year.
Canada has instead focused on its trade pact with the EU, which it still hopes to ratify under the Brexit cloud. Canada made changes to the pact this year and Freeland said Brexit will hasten the push -- a view not shared by Harper’s former foreign minister.
“The EU trade deal is not helped by what happened,” John Baird said in a Bloomberg TV interview last week. “There’s growing anti-globalization sentiment, there’s anger at elites. This is the big unknown the British people have thrown at all of Europe.”
Source
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Sunday, June 26, 2016
Satan’s Agents Use Brexit To Achieve Endgame... Andrew Henriques
Satan’s Agents Use Brexit To Achieve Endgame;EU,UN Mayors Join To Fight Climate Change;Put On Armor
Published on Jun 26, 2016
Subjects Addressed: (1) The connection between the first three parts of the armor of God. (0:33)
(2) “Britain votes to leave EU, Cameron quits, markets rocked.” (6:05)
(3) European Union is controlled by the Papacy. (6:28)
(4) The EU Flag was conceived by a Roman Catholic. The twelve stars on the EU flag are a homage to her. (8:06)
(5) Brexit is another fulfillment of Daniel 2:42, the kingdom shall be partly strong and partly broken. (10:56)
(6) Brexit will further weakened the global financial economy. It will be used to bring about Satan’s Endgame. See The Great Controversy, page 590. (13:05)
(7) Satan is using Brexit to develop scoffers. (18:05)
(8) The Lord has given to us the following statement to help us to make sense of Brexit and what will happen next. See The Great Controversy, pages 444,445. Additionally, Pope Francis: “As such, the journeEducationqnism is not just about relations between Christian denominations. It is much more than this and is a sign for the world and for peace in the world.” (21:35)
(9) Satan’s Endgame is being fulfilled. “Today, the two biggest coalitions of cities in the world – the EU-based Covenant of Mayors and the UN-backed Compact of Mayors – are forming an alliance to link more than 600 million city dwellers in the fight against climate change…Our new alliance, now called the Global Covenant of Mayors for Climate & Energy, will provide unprecedented support for city efforts and accelerate progress against climate change in a number of ways, including: The Global Covenant will link more than 7,100 cities, representing more than 600 million people, in one unified effort to address the causes and impacts of climate change. Cities will speak with one clear, coordinated voice, sending a strong signal to national governments…” (27:39)
(10) Brexit shows us that we are on schedule for the fulfillment of the mark of the beast and that it is the people who will vote and demand it, according to Revelation 13:13-15. Additionally, “Britain’s exit from the European Union shocked global markets…The vote could be a sign that major democracies are vulnerable to the influence of populist political movements.”
Pope Francis stated in regards to Britain’s exit from the European Union via a referendum: “The ‘will of the people’ must be respected.” See The Great Controversy, page 592. (33:18)
(11) World is looking to Pope Francis as the man of peace and safety. “U.S. Secretary of State John Kerry extended his official congratulations to Francis, thanking him for his role in renewing the country’s diplomatic ties with Cuba as well has his efforts to facilitate dialogue between the Colombian government and FARC rebels.” “The Pope also expressed his satisfaction over the signing of a ceasefire in Columbia between the government and the FARC rebels.” (47:17)
(12) Since we are in this warfare, we must put on the third part of the armor of God, preparing and proclaiming the gospel of peace, the gospel of the atonement.
Gerald CELENTE - SPECIAL Brexit Episode - (Predictions After BREXIT) JUNE 2016
financial argument
Published on Jun 24, 2016
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Saturday, June 25, 2016
BREXIT in BIBLE PROPHECY | SIGN of the END TIME !!!
Bible Flock Box
Transcript
The interactive transcript could not be loaded.
Published on Jun 25, 2016
The United Kingdom has recently voted to leave the European Union and the news has shocked the world. Some fear that this could have serious repercussion on the British Economy. The British pound dropped 11% in value, a 30 year low, the day the news was announced; and global markets also suffered. Some even fear an economic collapse may result. Right wing parties from other European countries are reconsidering their relationship with the European Union, as well, including Netherlands, Denmark, Sweden and France; and Italy is considering dumping the Euro. Some fear it's only a matter of time before the European Union crumbles.
Many complain that the disadvantages outweigh the benefits of being an EU member. The middle class in economies like Britain haven't improved much since joining the EU, and the EU's immigration policy is causing tension in some countries. Muslim Refugees are also an issue.
This is significant in terms of end time Bible prophecy. The Bible indicates, in the book of Daniel 2, that Europe will never be able to remain politically united. Throughout history, many have tried and failed. Moreover, the Bible indicates that we are at the end of the timeline of prophetic history and Jesus Christ is coming soon. Watch this video to learn more!
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Friday, June 24, 2016
The Brexit and Prophecy
The Brexit and Prophecy
Details from the Biblical book of Daniel continue to unfold before our eyes today. Find out what else we can learn from a king and his dreams about European tension thousands of years ago.
Source
Thursday, June 23, 2016
EU Referendum: Early results favour Brexit
UK's EU referendum
Sterling falls back sharply from early gains
10 MINUTES AGO
by: George Parker, Kate Allen and Michael Mackenzie
Britain’s future in the EU was on a knife edge on Friday morning after early results favoured the Leave campaign, triggering a big sterling sell off as markets confronted the possibility of a Brexit.
Opinion polls suggested Britain would vote to stay in the EU in its historic referendum and the pound recorded gains when Nigel Farage, the UK Independence party leader, conceded: “It looks like Remain will edge it.”
But Mr Farage quickly retracted his concession of defeat as the first results came in, suggesting that Leave had done far better than expected in a number of areas.
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