first_imgThis is something that Gareth Hickey has been doing for the last several months to shore up his start-up Noa, which creates audio versions of news content and works with several large news publishers.“We’ve had to put in place a review of all of our data transfer agreements that we have with publishers and other parties that are based in the U.K.,” he told CNBC. “There’s obviously been a cost associated with that because we don’t know what way it’s going to be left and we don’t want to be left scrambling.”Much like customs arrangements, Hickey said some start-ups may be putting their data transfer arrangement off to the last minute.“Just to call a spade a spade, it’s probably the case that some start-ups are going to accept the risk and not put anything in place and if data adequacy is not granted to the U.K. then they’re staring at an unknown.” “Even if we get a deal, we’re not in a scenario that we just carry on trading as we are now. On Jan. 1 there is a huge amount of extra administrative burden and complexity in trading.”One step in getting prepared is securing an Economic Operators’ Registration and Identification (EORI) number from Revenue, the Irish tax authority, which is required for anyone importing and exporting out of the EU. But it remains unclear if all the businesses that need one have obtained it.Last year, Revenue contacted around 90,000 businesses that it identified as possibly needing the registration. A spokesperson for Revenue said that over the last month the agency has been carrying out further contact with around 14,000 businesses.FatigueBrian Keegan, director of public policy at Chartered Accountants Ireland, said that drawn out negotiations and extended deadlines has caused some weariness among businesses.“There’s been an incredible amount of Brexit fatigue. We’ve been marched up to the top of the hill and marched down again so often,” he said.Companies could run the risk of that fatigue getting the best of them come Jan. 1, he said.“We’re not entirely clear if tariffs are going to be applied and secondly if they are applied, the extent to which they’re going to apply between the U.K. and Northern Ireland,” he told CNBC.“While there is a protocol in place to ensure that there is no tariff border, no hard border on the island of Ireland, it’s still very unclear how any of this is going to work and we’re less than 70 days away from the shutters coming down,” he said.Keegan added that he’s hopeful some kind agreement can be made at this stage, which can be expanded upon beyond January.“If Europe is struggling with its trading agreements with a G-7 country, that’s really significant.”Data flowsThe movement of physical goods is one thing, but questions still hang over the flows of data after December.The U.K. will need to gain an adequacy agreement with the EU — which effectively says the jurisdictions are on equal footing — as well, to ensure personal data can flow.Last month, the Irish Council for Civil Liberties argued that the U.K.’s data protection enforcement isn’t up to standard and said in a letter to the European Commission, the EU’s executive arm, that there is an “inescapable conclusion” that the U.K. shouldn’t be granted adequacy.If no such agreement is reached, companies will have to make separate data transfer arrangements with customers and partners. An employee enters sliding doors decorated with the stars of the European Union (EU) flag at the Berlaymont building, headquarters of the European Commission (EC), in Brussels, Belgium, on Tuesday, Jan. 28, 2020. It took 32 months, two prime ministers, and nearly 30 votes in Parliament to extricate Britain from the European Union and the hardest part of the negotiations hasn’t even started.Bloomberg DUBLIN — Customs capacity will be a major hurdle for many Irish businesses that trade with the U.K., regardless of whether a deal is struck with the EU by the end of the year.That’s according to Ian Talbot, chief executive of business group Chambers Ireland, who said that while the Irish government committed to hiring extra personnel to handle customs with the U.K., many small businesses are unprepared for the new responsibilities that will be placed on them.“You could end up getting to a customs point and finding your documentation wasn’t correctly prepared and you can’t proceed,” Talbot said.- Advertisement – For many SMEs (small and medium-sized enterprises), especially in the agriculture and food industries, any delays could be disastrous.“We just don’t know how this is going to play out at borders. How lenient for example borders might be for the first few weeks and months as everyone gets used to this. That will be a big question in our minds. Will a minor documentation error cause a fail or will some discretion be allowed for a period of time?” Talbot added that regardless of the deal talks on tariffs and quotas, there will be extra obligations on businesses.   – Advertisement – – Advertisement – – Advertisement –last_img read more

first_img Promoted Content18 Beautiful Cities That Are Tourist MagnetsWho Is The Most Powerful Woman On Earth?Birds Enjoy Living In A Gallery Space Created For Them11 Most Immersive Game To Play On Your Table Top9 Facts You Should Know Before Getting A TattooWho Earns More Than Ronaldo?Best & Worst Celebrity Endorsed Games Ever MadeWhat Happens To Your Brain When You Play Too Much Video Games?The Best Cars Of All Time2020 Tattoo Trends: Here’s What You’ll See This Year10 Absolutely Unique Facts About Kanye10 Of The Worst Celebrity Dads In Hollywood Read Also: Chelsea open up hotel to healthcare staff Leagues across the continent have been put on hold by the deadly spread of COVID-19, which has killed thousands around the world and whose epicentre is now Europe after originating in China. Hopes the domestic and European season could be finished were raised by Tuesday’s postponement of Euro 2020 by a year, with the leagues on hold until at least early April. UEFA has committed to trying to finish club seasons by June 30, but the target date will need to be reviewed if the spread of the virus does not slow. FacebookTwitterWhatsAppEmail分享 The Bundesliga and Ligue 1 stand to lose as much as 400 and 200 millions euros respectively. Europe’s top five football leagues could lose as much as four billion euros ($4.33 billion, 3.75 billion pounds) in combined revenue if the coronavirus pandemic completely wipes out the rest of the season, according to a study by KPMG. Sadio Mane’s Liverpool lead the English Premier League The accounting firm, one of the world’s biggest, calculated the total potential matchday, broadcasting and commercial revenues set to be generated by the remaining matches in the Premier league, La Liga, German Bundesliga, Italy’s Serie A and France’s Ligue 1 added up to between 3.45-4 billion euros across the five leagues. KPMG estimates England’s Premier League would lose the most, with as much as 1.25 billion euros going up in smoke should the season be halted – a potential 800 million euros of that in broadcasting revenue alone. “Broadcasters who have collective deals with leagues may claim that they want money back proportionally if matches are cancelled and the season is not completed,” said the report. The Premier League’s broadcasting revenue losses would be the highest despite having fewer games left to play than every other league apart from the Bundesliga, which has the lowest number of teams at 18. However clubs in the so-called “Big Five” leagues all rely heavily on television money to help fill their coffers. La Liga in Spain could lose as much as 600 million euros from broadcasters, the report said, while Serie A clubs stand to lose up to 450 million euros from a cancelled season. Loading… last_img read more

first_imgOn Monday night, an open letter and petition addressed to USC President C. L. Max Nikias and Provost Michael Quick were created anonymously on Change.org and have circulated among students on social media.The petition, which has received more than 400 signatures as of Tuesday evening, is calling for “an affordable education, transparency regarding where our tuition dollars are going, and student voting power in the Board of Trustees to keep our administration accountable.”The petition directly cites efforts from the Undergraduate Student Government and Graduate Student Government to lower tuition. Vice President for Student Affairs Ainsley Carry wrote a letter on March 10 to members of Undergraduate Student Government and Graduate Student Government regarding the tuition increase for the 2016-2017 academic year. The letter responds directly to requests in the governmental bodies’ resolutions regarding affordability and transparency.“I’d like to thank the GSG and USG for reaching out to my team and me before, during and after the drafting of the resolutions about college affordability and financial transparency at USC. It is a complex topic, and I appreciate their diligence in investing their time to establish a solid base to inform that discussion,” Carry said in the letter.In the letter, Carry points out that 17 years worth of university financial reports are available online but concedes that USC can do a better job of distilling some of the most important data points to help our students understand how their tuition dollars are being spent.To that end, Carry said the University will use its About USC site to provide an easier-to-understand breakdown of the University’s finances to “more clearly describe how the University is working to maintain affordability, even as tuition costs are going up.”In response to a request in the student government resolutions for 30 days advance notice of tuition increases, Carry said that the tuition rates for the following academic year are posted online in early March, providing an effective notice of five months.According to Carry, the University will reinstate the Student Fee Advisory Committee, whose student members will be able to review proposed fee increases. This was directly requested in USG’s College Affordability Resolution and by GSG in a separate resolution.“In direct response to the resolutions presented by the USG and GSG, I will commit the Division of Student Affairs to work with them on a memorandum of understanding to reinstate the Student Fee Advisory Committee,” Carry said. This MOU will articulate the purpose and roles for the committee and its members, including the review of proposed fee increases and the communication of any year-over-year increases in tuition and fees.”A formal outline of the “purpose[s] and roles” for the new committee is in progress with input from USG, GSG and USC Student Affairs. USG had requested in November that a reinstated committee have the “express authority” to approve, reject or negotiate changes to student fees, but it’s not clear if that will be the case.The main student request left unaddressed is a tuition freeze. Carry said that USC does not intend to formally freeze tuition.“Year-over-year tuition increases at USC are at or near their lowest in 50 years,” Carry wrote. “As a non-profit institution that has to balance its budget every year, we must either raise tuition or cut services as our costs continue to increase.”Carry also said that the demands for a tuition freeze directly conflict with students’ desires for on-campus programs.“The student demand for additional services also increases every year,” Carry said. “We can’t fulfill both the request for services and for a tuition freeze. Those requests are at direct odds with each other.”Carry wrote that the University will continue to work with student governments to consider the University’s finances and “the value of a USC education.”last_img read more