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Duncan Edwards, CEO of BAB - BABC sister chapter - Joins Yahoo Finance to Discuss Brexit

30 January 2020 BritishAmerican Business CEO Duncan Edwards joined Yahoo Finance‘s ‘On The Move’ Panel, to talk about the UK’s departure from the European Union. Speaking on the importance of a UK-EU and UK-US free trade agreement, Duncan said: “The preferred outcome for UK business and American companies that are located in the UK is for an agreement to be reached with the EU first… particularly on trade, to preserve zero tariffs, and zero quotas to enable trade flows across the channel as soon as possible.” You can watch Duncan’s interview in full by clicking here.

United States Takes Top Spot for Global FinTech Investment, UK in 2nd Place

Courtesy of: Innovate Finance, 30 January 2020 A newly-released report from Innovate Finance shows that the United States led the world for global FinTech investment in 2019 with $16.3 billion invested across 1,095 deals in 2019, nearly a quarter increase (23%) from 2018. The United Kingdom ranked second in 2019 with $4.9 billion of investment (up 38% on 2018) across 359 deals (down 9%). Download the report here.

U.S. Economy Growing Moderately in Fourth Quarter; Likely Missed Trump's 3% Goal in 2019

Courtesy of: Reuters, 30 January 2020 The U.S. economy likely maintained a moderate pace of growth in the fourth quarter, and probably again fell short of attaining the Trump administration’s coveted but elusive 3% annual growth target because of slumping business investment amid damaging trade tensions. The Commerce Department’s snapshot of gross domestic product on Thursday will likely show the Federal Reserve’s three interest rate cuts in 2019 helped to keep the longest expansion in history, now in its 11th year, on track and avert a downturn. Read this article in full.

Scottish Exports Increased by 2.9% in 2018

Courtesy of the Scottish Government 29 January 2020 The value of exports from Scotland grew to £85bn in 2018 - an increase of 2.9%, according to new estimates released by the Scottish Government. In 2018, exports to EU countries increased by £695 million (4.5%) to £16.1 billion, while exports to non-EU countries increased by £425 million (2.5%) to £17.7 billion. The USA continued to be Scotland’s top international export destination country with an estimated £5.5 billion of exports in 2018. The top five international export markets (USA, France, Netherlands, Germany and Belgium) accounted for £15.1 billion (45%) of international exports from Scotland in 2018. Read the article in full.

Applications Now Open for Greater Portland Inc.'s Export Assistance Scholarship Program

Applications for Greater Portland Inc.'s Expert Assistance Scholarship Program are now open. Applications are due Feb. 28. If you are a small business owner in the Greater Portland region, consider applying for an export assistance and international sales scholarship. The program allows completion of training with an export advisory team and reimbursement for your next international sales trip. Entrepreneurs from throughout the region -- particularly women, people of color and veterans -- are invited to take advantage of this opportunity to expand into international markets. Access full program details at http://www.greaterportland2020.com/export.

Thriving UK Jobs Market Hits Record High Employment Rate

Courtesy of: MTD MFG, 22 January 2020 The number in work has hit yet another record high and the unemployment rate remains at its lowest level since the mid-1970s as Britain’s jobs market continues to flourish, new figures released show. All regions throughout the UK are benefiting from an upturn in employment since 2010. The number in work climbs to a record high in the North West to 3.55 million. And, with weekly pay still rising, outpacing inflation for a 22nd month in a row, workers nationwide can expect their money to go that bit further. Read this article in full.

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