Category Archives: International

Finance in post-Brexit: battle has already started

“We’re seeing a lot of uncertainty ahead of us,” Charles-Edouard Bouée, the chief  executive of Europe’s largest management consultancy Roland Berger said to The Times, “In this case I don’t think we have seen such a disentanglement in the last 50 years anywhere in the world.”

The impact of Brexit on financial services industry in the UK is significant. Many believe as a result, Britain will be cut off from the European market. One of Germany’s top banking regulators warned that London could lose its status as “Gateway to Europe”.

With possible lose of financial passporting rights, which means losing the ability to provide services across the EU from a base in London, banks are already considering their options in the future.

Lloyds Bank reportedly chose Berlin as the location for its European hub after the UK leaves the EU, meanwhile, Barclays also operated to move its EU headquarters to Dublin. In post-Brexit, UK has already suffered from losing job chances in those transnational corporations.

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Canary Wharf, the matrix of London’s global banking center taken by Andrew Testa.

The result of French election seems to make it even harder for Britain to negotiate with EU. Macron’s win tights EU together again and leaves the UK isolationism. The youngest president in French history, who describes Brexit as “a serious mistake”, has been called an EU fanatic on Twitter.

In fact, the former economy minister has already urged overseas banks to quit London for Paris after Brexit for a long time.

Though a new research by Colliers International shows that it will be “too impractical” for companies to leave London at high risk of losing high skilled graduates, uncertainty of economy in this former EU financial center may leave them no choice.

Graduate recruitment to fall under Brexit

Several job sectors are expected to be negatively affected by Brexit, with concerns over implications on the graduate labour market. Graduate recruitment has been steadily decreasing since 2016.

The certainty of landing a job is now a serious concern for a growing number of UK and EU nationals just entering the job market.

Data from Prospects reveals that the number of 21-year-olds entering the job market is projected to fall from 845,000 in 2015 to 742,000 in 2023 and is not expected to return to the optimum until 2028.

While Brexit has already affected the number of EU-born applicants, with a seven per cent fall since Brexit, it is also expected to have implications for graduate employment. This year’s university graduates will enter a job market, which is lacking stability as well as available vacancies.

A report by The Recruitment and Employment Confederation has revealed that there is a shortage of available candidates to fill available vacancies even before Brexit has hit the economy. Although that is a general concern, certain sectors will feel the shortage more severely and are expected to either tighten budgets or reduce staff.

The current state of the UK job market might have serious consequences for graduate employment and the overall availability of certain sectors.

Job sectors, which are likely to be negatively affected by Brexit in terms of work force, are accountancy, banking and finance, law, retail and media, communications and advertising and PR. Finding a job will arguably be harder for graduates, which will go into employment after graduating.

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Infographic: Asya Gadzheva

The media sector will experience the economic impact of Brexit, whereby less funding will go into the sector. Less money would inevitably lead to less hired employees.

For journalism and other media students, this will mean a shortage of available vacancies and a reluctance to hire fresh talent, which could prove damaging both for the creative input of the industry and the motivation of media graduates to enter into it.

Donald Trump has never posted fake news online … or maybe he has

General election is a very important topic when affecting a country. Journalists have their say, users share their opinions online, but also celebrities decide to stand alongside their favorite candidate.

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If you think a politician should be always trustworthy, reliable and most of all … loyal, well, you’re definitely not talking about Donald Trump.

Trump has always been very famous and active on social networks for his untruthful facts, exaggerations and incredible falsehoods.

Follow us on this round up of the most fake news the most hated men on the planet had happened to create for him to become the current President of the United States.

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  1. The New York Times’ publisher and executive editor sent a letter to the paper’s subscribers promising to “rededicate ourselves to the fundamental mission of Times ” But the letter did not apologize to its readers, nor did it suggest its coverage of Trump was bad.

2. “The last [campaign rally] ended at 1 o’clock in the morning in Michigan. And we had 31,000 people, 17,000 or 18,000 inside and the rest outside.”
Police told Breitbart News that they estimated 6,000 people attended Trump’s final campaign rally at the DeVos center in Grand Rapids, Michigan.

3. “We ended up close to 15 points [of the African American vote, as you know.” (November 20 during an interview with the New York Times)
Donald Trump received approximately 8 percent of the black vote, according to polling data. Clinton won approximately 88 percent of the black vote.

4. Screen Shot 2017-05-12 at 1.57.59 PM

Trump’s tweet is part of his argument that Russia’s role in election hacking remains unknown, but it’s inaccurate on two counts.
First, CrowdStrike, the cybersecurity firm that initially connected the Democratic National Committee hack to the Russian government, did catch the hackers in the act.

Dear Donald Trump, let’s fight spreading fake news together. What do you think?

Post-Brexit recruitment: should I stay or should I go?

There is a sharp decline in interest of EU graduates looking for jobs in the UK after referendum: the number falls by 18% according to Linkedln data.

Oversea graduates are concerned about Brexit’s effect on themselves. They believe they will enter a job market that’s more challenging than they might have expected in the UK. As a result,  a research from Korn Ferry Hay Group shows that almost a quarter of them have changed their career plan.

Three quarters of respondents in a poll from WikiJob believe their job prospects have become worse and 34% of EU participants are now less likely to look for work in the UK.

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Infographic: WikiJob

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Infographic: WikiJob

The biggest problem for those young graduates is uncertainty. Ben, who is studying at the University of Southampton, said: “I don’t know what my job’s going to be like over the next ten years because the people who are leading Brexit have no idea.”


Brexit does not only affect young graduates but also worries British companies themselves.

According to a report from Department for Education, more than half of graduates and over 70% postgraduates go for high skilled employment in the UK. Due to the Brexit fear and possible lack of trained EU graduates, UK’s shortage in some high skilled talent can really affect local market.

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Infographic: Asya Gadzheva

Facing a skills gap emerging, especially for those industries with high requirement on employees’ intelligence, “They will need to foster a culture of entrepreneurialism and technological innovation and open their doors to a generation of young and tech-savvy professionals,” says Noeleen Cowley, Banking Partner at KPMG.

It is predictable that the lose of brainpower due to Brexit can slow down development in a wide range of disciplines.

Bye Bye Bye? The House votes to repeal and replace Obamacare

On Thursday, House Republicans voted to repeal the Affordable Care Act and replace its key parts. After having fought for this for months, the bill now will go to the Senate and Trump feels confident about it.

The bill passed with a vote of 217-213, with all 192 Democrats voting to oppose it and 20 Republicans joining them. The changes made by the GOP Proposal would alter some major factors that Obamacare had established.

 

Essential health benefits such as emergency room visits and women’s health services would not be a given, instead it would up to single states to choose what benefits to keep or whether to opt out of all of them.

Older people would have to pay up to five times more than younger consumers for fewer benefits. The new American Health Care Act repeals the Employer Mandate, which required all businesses with more than 50 employees to offer health insurance.

Pre-existing conditions have been a big debate also thanks to Jimmy Kimmel’s speech about his newborn’s heart surgery. With Obama backing him up, but also with conservatives criticizing his approach and ideas.

Donald Trump has reassured that insurance for people with illnesses such as cancer or diabetes will be reduced. Earlier this week the President stated that this new healthcare plan “will be every bit as good on pre-existing conditions as Obamacare”. The Republican Plan maintains the requirement that allows people under 26 to be covered by their parents’ insurance.

Since Obamacare became effective in 2010, it reduced the number of uninsured people by 20 million, with patients less likely to skip needed care. Given these premises it would have been difficult to introduce any new health care plan, let alone one with these conditions.

From words to activism

Marta Guerreiro, is a Portuguese writer that came to London three years ago, “I wanted to study abroad, in a place where I would have more opportunities, where I could have my freedom and my independence.” She is studying journalism at the University of East London, but her career started way before that.

How did that the book started?
I had a lot of free time; I was finishing the second year of high school in Portug226045_109673569131279_8215099_nal. Instead of going out I decide to stay home during the summer. I never harsh about it as a book, but just a story. But when I finish I realise it was big enough, and that was good, I send it to publishers, and one of them wanted to publish the book, and some days later it was on sale in bookstores.

How was it deal with fame at such a young age?
It was weird. I never thought that something that I wrote would become so famous in my country. After the interview that I did for a Portuguese channel, everyone knew who I was, but not for a long time. It was strange because by the time I was just 15, and my book was related to the subject of cerebral palsy and depression. For me, at that age, it was hard to answer questions related to this topic, just because I was not able to give them the right answer at that time because I was so young.

Can you tell me a little more about the questions? What was the hardest question that someone asked you, or the one that you remember the most?
Well, the one that I remember the most was this lady that accused me of using my sister to get money, what is wrong, because or you are already a successful writer, or is hard to get money from your first book. About the questions once there was this email from a lovely lady, that her mother had a disability, her husband tries to commit suicide she was desperate asking me for help, help that I didn’t know how to give. That was the time that I said to my mum that I had to stop to receive this kind of emails, it was not healthy, at least not for me. I was not the person to ask this kind of things; I didn’t know anything at the time, I was just a kid. But there was one that I really could help; it was a lady, with two children, one with cerebral palsy and the other one healthy, she asked me If I could talk to the healthy one to help him out on how to deal with the situation. That moment gave me straights because it shows that my book could and can help people, I just felt such a bliss.

“I couldn’t handle the subjects that I was writing about”

Situations evolve, so where were you after all this?
After I write the book, I felt a lot of pressure from the editor, my friends and all the people525845_285509671547667_3114445_n that follow me on social media. So, I wrote the second one, not because I wanted but just because of the pressure. As a result, I never read that book because I don’t like it, I don’t even like to look at it. Is not something that I’m proud. After that experience I quite writing, I wanted nothing to do with that. I wanted to be as far as I could from writing because people always associated me with that young girl that wrote about something so mature. So, I spend about four years without writing, just writing some things on my blog but not in the same way that I use to write.

So how do you look at that girl now? And how you see yourself in the future?
Now, I look at that girl as a girl that had an amazing experience and a privilege for having something publish so young, but in my future projects, I don’t want to have the same experience the way I had before (like that girl). I want to do something that I’m proud of and about something that I can handle. At that time, I couldn’t handle the subjects that I was writing about; it was supposed to be something personal and become something famous. Right now, I’m back to writing, for magazines and blogs but is an activist kind of writing; now I’m different Marta.

You told before that you add a break of 4 years of writing, but was in that four years that you become an activist. How was that change?
When I stop writing, I felt that I should be something that I wanted to be, not the perfect child that write a book, and every parent want it. I was perfect for the other people eyes, that wasn’t the truth I had a lot of difficulties, as a person and people didn’t know that they were expecting something of me that was not me able to give. After that experience, I became an LGBT+ activist, because I want it to shout out loud that you can be a writer, do amazing projects and still have your voice. You don’t have to be the perfect person that society wants you to be and being activist an LGBT+ person, and still, do amazing things, so one thing does lien to another, you can be queer, have tattoos, pricings, whatever and still be a foreign student, a writer. I have the impression that people aren’t aware of that when I was writing the first book.

 

“If people are anti-feminism at least they heard about it”

 

How was your activism? Where you a part of any group or association?

I was a volunteer for a group of family planning since I was 12 till I was 16, mostly of what I did was go to school and events talk to young people the importance of protecting yourself, and offering condoms in the end. With that, I work with LGBT+ people, in events as the Pride where I had the contact with the community.

The LGBT+ society changes a lot since then till now. Does this society still rep17806996_697783313726269_1670027891_nresent what you believe?
I am a part of this community (LGBT+), but I understand that inside of the community there’s a lot of homophobia, racism, transphobia. I’m still part of the community, but I’m aware of the problems that exist inside of the community, it doesn’t mean that doesn’t represent me, but at the same time I want to be sure that I know the problems inside the community and I want to be able to deal when this kind of situations happen.

Talking about other activism that you do, being a feminist, you saw the evolution of this movement. How this affect you has a woman and as a writer?
I think feminism become so mainstream because the social network is a tool now that did exist back in the days, but this social network as a great importance because it makes you share information, reaching young people and reaching the right meaning of feminism. I don’t think it was awesome for the word to be an underdog, I don’t even know for real that it was that underdog because I was so young, but when I was 16, I saw a lot of grown up women fighting for feminism. Maybe it was mainstream for us as young people, but now that I’m aware that a lot of individuals are feminism and a lot of individuals are anti-feminism I find it more mainstream. It is essential that we talk about it, the fact that people think is a bad word it means that the word is out there, people are reading it, people know about it. If people are anti-feminism at least they heard about it, they are just misinformed or are just sexists, but at least they know it exists is not a taboo anymore.17807183_697783317059602_909501900_n

To finish, do think we live in a men’s world?
I don’t think I know for sure if you see politics is about them. For example, men can be described as good actors, but women normally are described as a hot actress, the pay gap is also a good example. But what show me that we live in a men’s world is the different way that we judge different genders, as the men are more likely to be judged by their character, the women are more judge by their looks. It hurts me because I see amazing women, that have fantastic ideas, but they are cut down because they aren’t man. There was a lot of women doing amazing thing for science, maths and other areas but they are not recognised in the same way as men, as you can see in the film High Figures for example. Women are still considered guilty for being rape; women are killed in some countries because they try to fight for their rights. So obviously is a men’s world and I end up suffering for being a woman. The politic situation now shows that the world is not a safe place for us and we still need to continue fighting.


<p><a href=”https://vimeo.com/207698266″>International Women’s Day</a> from <a href=”https://vimeo.com/user11314748″>Marta Guerreiro</a> on <a href=”https://vimeo.com”>Vimeo</a&gt;.</p>

Living on the eastern side of Brexit: Bulgarians fight back

“Brexit means Brexit,” Theresa May famously said regarding the UK’s path to a European exit. That is all good. But what does Brexit mean for those, who will have to live all around it? Is there any hope for hospitality or expectation of hostility for nations such as Bulgarians, which come to the UK in search of a better life?

What does Brexit mean for us- the poor Eastern European students in jeopardy?

The increasing dissatisfaction among Britons regarding the number of immigrants from the eastern parts of the continent has been causing distinct unease about the sight of a Bulgarian passport. It seems to signify things. And not particularly good ones. It immediately sets us apart. But before you rush into judgements, systematically prescribed by most, if not all, British mainstream media, give us a chance to explain ourselves.

Yes, we want to come to your country. But for very different reasons.

Although it is said that the ‘leave’ campaign is yet to take its share of Britain’s cultural diversity and workforce in small and steady spoonfuls, the first effects are already on the radar.

The number of EU-born graduates has decreased by 50,000 in the last three months of 2016, according to the Resolution Foundation think tank. These numbers seem to reflect what Brexit has the potential to do.

Even more so, what it could have already done to the mindset of the British people. Along with falling numbers of students there is an increase in the uncomfortable issue of immigration and its impact. And yet few seem to care about what it feels like to be a resident and a guest at the same time. That is a deeply subjective one.

“Are you moving from a place where you were accepted to a place where you will be accepted?  Or are you moving from a place where you are not as accepted,” explains clinical psychologist, journalist and media expert, Dr. Vinita Mehta.

“If the dominant culture is not very welcoming of immigrants and the myriad of ways they can contribute to the larger society, then immigration and cultural change can give rise to feelings of alienation.”

The cultural diversity of the country, its ‘stock’ of fresh talent and a notable decline in the financial income coming from universities and research are just some of the ‘victims’ of the UK’s self-directed alienation.

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With its ‘exit’ from the EU, the UK might end up spending way more than it settled to save.                      Image: Pixabay

But Bulgarians are not that new to the British cultural landscape, although as a distinct ethnic group in the country we are quite young. The first big waves of emigration occurred in the 1990s and 2000s, when the Bulgarian community really started to take shape.

When the restriction on freedom of movement and work of Bulgarian citizens placed by the British government expired in 2014, it really took off.

According to the Office for National Statistics, 69,000 Bulgarian-born immigrants resided in the UK in 2015. I wonder how many would be inclined to stay in after Brexit comes into power?

Already, there has already been a seven per cent decline in the number of EU students applying to UK universities after Brexit, according to a UCAS report. This trend is expected only to progress in the future.

Here is a silver lining. Bulgarian students still make their way to the UK in even portions. In the period between 2014 and 2016, the number of those making that journey has not changed significantly.

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You see, we do not get scared away easily. There is surprisingly little that can come in the way of our ambition. For some reason, for quite a long time now, that ambition has led us primarily to British shores. As soon as we reach solid ground, we turn that ambition into motivation.

In Bulgaria, the UK has a certain reputation. Among the young and adventurous, it is regarded as a safe harbour, a ‘heaven,’ a utopian idyll of limitless opportunities and limited restrictions. This is where you go to build a life and earn a degree along the way.

It is neither an escape route nor an easy way out of the problems of the home country. Well, at least not in all respects.

“When we move away, we have a “frame of reference” of where we came from.  Very often in the US at least, people come here to seek out a better way of life, and the frame of reference we have is usually that we’ve “risen above” our former circumstances.  That of course may be changing in these times,” says Dr. Mehta.

That is a quest-like initiative in its own right. It is a risk and a challenge. It is a seductive idea, resounding at the back of your head. It is being given a chance.

We make such good use of that chance because of who we are.

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It is London above all others, which attracts students who wish to continue their studies in the UK.                        Image: Asya Gadzheva

Bulgarian students, and fair to say all Bulgarians, share the same untamed, notable and almost self-destructive stubbornness. Giving up is just not an option. It is really that simple. It is built into our DNA. We are fighters. We are not afraid to get our hands dirty in the process, although we might not always go about it with due confidence.

All of that is a result of our complicated past: victories, upsurges, repression and slavery. It is bound to leave a mark. It has forged our national identity.

Can you see it now? It is precisely because of who we are and what we are made of that Brexit will not be able to scare us or drive us away.

Music: http://www.bensound.com/royalty-free-music

So, what does Brexit mean to Bulgarians? Is it a restriction to be imposed and conducted? Is it merely a country’s choice regarding its state and position within a huge international union? Or, is it simply another challenge on the bucket list, with which to ‘feed’ our motivation?

“I think it will be a change. Obviously. The UK is a smart country. I know there are other super developed counties in Europe, which are not in the European Union. Why wouldn’t they do the same?”
Boryana, 20, London

“Brexit is a decision the UK took. From what I see in the news, it appears that the nation could not take more from this partnership, from the other counties in the EU, so they decided to take on a different path. That is the only way I can think about it.”
Stoyan, 20, London

“The UK has never actually been part of the EU. They didn’t introduce the common currency, they are like from a different dimension. They simply will not accept any other point of view. A foreigner will never be a part of their community.”
Bilyana, 20, Sofia

What will the future hold for us in a post-Brexit UK? What will it be left of that utopian idyll, driving more and more students to Sofia International Airport each year?

“Right now there is a feeling in certain Western countries that “outsiders” are taking jobs and resources, when the facts just don’t stack up that way,” Dr. Mehta remarks. “It can make a world of difference to make new social connections in your new home, including with others who are also experiencing cultural adjustment.”

Yes, precisely: adjustment. We must all adjust as necessary to accommodate ourselves within any new environment.

The process starts as soon as you take the first steps when you leave the plane. You have now arrived in the country, which seeks to restrict your access. You have entered the realm of hope. That is what we all bring along. Hope for something better.

We will make something out of it. We always do.  That is just the way we are.

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