January 28, 2020

The Five Big Flashpoints in Boris Johnson’s Battle With Brussels
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. When the U.K. rescued Flybe two weeks ago, alarm bells rang not only at the regional airline’s rivals but also atop the European Union.One of the EU’s biggest roles is limiting the subsidies member states can give companies to prevent them getting an unfair advantage over competitors. After Brexit, the EU wants the U.K. to go on playing by these rules. Flybe showed the British may not be so keen.That’s just one potential flashpoint as the EU and U.K. prepare to negotiate a landmark trade deal this year. For Europe, the trade-off is clear: The further Britain strays from the bloc’s rulebook, the more its access to the single market will be curtailed. This is essential to avoid undercutting the bloc’s economy. For Prime Minister Boris Johnson, Brussels’s price for a deal may be too onerous.The European Commission, which will negotiate on behalf of the 27 remaining national governments, will on Wednesday ask them for a mandate setting out the details of the broad accord that the bloc wants to strike with the U.K. Member states plan to give their green light on Feb. 25, paving the way for the first round of talks at the start of March.That will trigger 10 months of tricky negotiations, with potential clashes everywhere you look. Here are five:Keeping Close or Moving Away?The EU insists on a level playing field, meaning that it wants the U.K. to stick to the same rules on tax, state aid, workers’ rights, and environmental protection as it did when it was a member. The U.K. doesn’t want to, as the whole point of leaving the EU in the first place was to break away from the diktat of Brussels.“There will not be alignment, we will not be a rule-taker,” Chancellor of the Exchequer Sajid Javid told the Financial Times this month.This quarrel is likely to hang over the entire negotiation. The EU wants both over-arching level playing field commitments as well as sector-specific ones. It says it’s ready to give the U.K. a free-trade deal without tariffs and quotas, and one that’s as least as comprehensive as its agreement with Canada, but Britain’s size and proximity means the bloc wants greater safeguards than in previous agreements.But how negotiators square the EU’s demand for alignment with the U.K.’s desire to leave the clutches of Brussels rule-making isn’t immediately apparent.Fish Versus Finance“You may have to make concessions in areas like fishing in order to get concessions from us in areas like financial services,” Irish Prime Minister Leo Varadkar told the BBC this week.These are the two big bargaining chips. The U.K. wants to take back control of its waters, but knows France and Spain are desperate to go on fishing them; the EU thinks Britain wants its financial services industry to have as extensive a level of access to its single market as possible. In the Brexit divorce agreement, the two sides set themselves a June deadline to reach a deal on both.It’s why the EU is determined to negotiate simultaneously on as many of the matters in the future relationship as possible: It thinks it holds most of the cards -- as long as it can play them all in one go.“All this needs to be coordinated so that we maximize our negotiating leverage, because that is what each side tries to do in a negotiation,” Sabine Weyand, the commission’s director general for trade, said on Dec. 17.Geopolitical CloutThe U.K. has potential leverage in other areas, such as defense. Britain has nuclear weapons, Europe’s biggest defense budget, a permanent seat on the United Nations Security Council, and an extensive intelligence network. All these make the country a key partner for the EU. Even as they argue about other things, both sides will want to continue co-operating on sanctions policy and combating terrorism.But the EU is wary about giving the U.K. access to some of its most sensitive data. That includes the Schengen Information System which police and border guards (including at the moment, those in the U.K.) use to check the whereabouts of suspicious people.With Britain and the EU sharing similar objectives, this shouldn’t become the biggest sticking point. But that’s exactly what many people said about the Irish border before the first set of negotiations. And remember how that turned out.Who’s In Charge?Central to any agreement will be how it is governed. Breaking away from the European Court of Justice was a key plank of the pro-Brexit campaign, yet the EU insists that only the ECJ can arbitrate on anything that relates its own laws -- in particular how any level playing field commitments are applied.If the British government hands out state aid, will the European Commission continue to have a say over whether it is lawful? Can London view a European court as a disinterested referee?This isn’t the most obvious bone of contention, but the issue wasn’t fully addressed in the U.K.’s withdrawal agreement and could return to haunt negotiators.EU UnityAside from the obvious U.K.-EU tensions, it’s possible that the remaining EU member states won’t always see eye-to-eye on what their common position should be. Will governments that have no interest in fishing in British waters jeopardize a trade deal that would greatly benefit their economies?The transition period following Britain’s exit from the EU is due to expire at the end of this year, making a new EU-U.K. trade accord essential to avoid an economically disruptive separation.The British have already signaled they will try to exploit any splits among EU members. They tried to do so during the withdrawal negotiations to little effect; but, with different countries having different priorities across the bloc, they hope that, this time, the strategy could prove to be a little more fruitful.\--With assistance from Samuel Dodge.To contact the reporters on this story: Ian Wishart in Brussels at iwishart@bloomberg.net;Jonathan Stearns in Brussels at jstearns2@bloomberg.netTo contact the editors responsible for this story: Ben Sills at bsills@bloomberg.net, Edward EvansFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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Star Wars Director Says It's About Time A Woman Makes A Star Wars Movie
Jan 02, 2024
Oscar-winning documentary filmmaker Sharmeed Obaid-Chinoy is directing an upcoming Star Wars movie that brings back Daisy Ridley in the role of Rey. Obaid-Chinoy will become the first woman to direct a Star Wars film, dating back to the franchise's origins in the 1970s. Speaking about this, Obaid-Chinoy told CNN that she is "very thrilled" to make the movie and create something that is "very special.""We're in 2024 now, and I think it's about time we had a woman come forward to shape the story in a galaxy far, far away," she said.Obaid-Chinoy won Best Documentary, Short Subjects Academy Awards for Saving Face (2012) and A Girl in the River: The Price of Forgiveness (2015).In 2020, Lucasfilm boss Kathleen Kennedy told the BBC that a woman would eventually direct a Star Wars movie, saying that would "absolutely" happen, "without question." Victoria Mahoney was a second unit director on The Rise of Skywalker, but a woman has never claimed a top directing credit on a Star Wars movie.On the TV side of things, The Mandalorian has featured a number of female directors, including Deborah Chow and Bryce Dallas Howard. Chow went on to direct the Obi-Wan TV series, too.Another high-profile franchise that has never had a female director is James Bond. Producer Barbara Broccoli and Skyfall director Sam Mendes have both said they want to see a woman direct a future 007 film.As for Obaid-Chinoy's Star Wars movie, little is known about it apart from the fact that Ridley will come back to play Rey. It is expected that this film will be the first of the three new Star Wars films to come to theaters, possibly releasing in December 2025.According to a report, Peaky Blinders creator Steven Knight is writing the Rey movie, taking over for Damon Lindelof and Justin Britt-Gibson.
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NBA Names Clare Akamanzi CEO Of NBA Africa
Jan 02, 2024 15:29
The NBA named Clare Akamanzi – an accomplished business executive and international trade and investment lawyer – as CEO of NBA Africa. Akamanzi will start her position on Jan. 23, 2024, and report to NBA Deputy Commissioner and Chief Operating Officer Mark Tatum. In this role, Akamanzi will oversee the NBA’s business and basketball development efforts in Africa and will be responsible for continuing to grow the popularity of basketball, the NBA and the Basketball Africa League (BAL) across the continent, including through grassroots basketball development, media distribution, corporate partnerships, and social responsibility initiatives that improve the livelihoods of African youth and families. For the last six and a half years, Akamanzi was CEO of Rwanda Development Board (RDB), where she spearheaded Rwanda’s economic development by enabling private sector growth. Under Akamanzi’s leadership, RDB implemented several business policy reforms and initiatives that led to significant investment and development for the country, including through partnerships with the BAL, Arsenal FC, Paris Saint-Germain FC, FC Bayern Munich and TIME Magazine, among others. “Clare’s business acumen, international experience and familiarity with basketball and the NBA make her the ideal executive to lead our business in Africa,” says Tatum. “NBA Africa and the Basketball Africa League are well-positioned for continued growth, and under Clare’s leadership we believe these initiatives will transform economies, communities and lives across the continent.” “I’ve seen firsthand how sports can positively impact businesses, families and communities in Africa, and the NBA and the BAL are a perfect example of that,” says Akamanzi. “The NBA has done an incredible job growing basketball and the economy around it across the continent, and I’m excited about the enormous opportunities ahead to build on that momentum.” Previously, Akamanzi was Chief Operating Officer of RDB and Head of Strategy and Policy Unit, Office of the President of the Republic of Rwanda. She has extensive international trade, business and diplomatic experience, having previously worked for the Rwandan Government at the World Trade Organization in Geneva, Switzerland and at the Rwandan Embassy in London, England. Akamanzi has worked or studied in seven different countries and holds an honorary LLD from Concordia University in Montreal, Canada, in recognition of her work in Rwanda. She earned a master’s degree in public administration from Harvard University’s Kennedy School of Government in Cambridge, Massachusetts, where she was the recipient of three prestigious awards for academic excellence and distinguished contribution to the community: the Lucius N. Littauer Fellows Award, the Raymond & Josephine Vernon Award and the Robert Kennedy Public Service Award. In addition, Akamanzi holds a Master of Laws degree in international trade and investments from the University of Pretoria in South Africa, and a Bachelor of Laws degree from Makerere University in Kampala, Uganda. Akamanzi has served on several company boards, including the World Health Organization (WHO) Foundation, ECOBANK and Aviation, Travel and Logistics (ATL) company. She was recognized by Forbes as one of Africa’s Top 50 Powerful Women in 2020.
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