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2024-09-30 04:31:23

The City of London is proving to be a resilient financial district that is experiencing significant growth despite Brexit. Michael Mainelli, head of the City of London Corporation, said in an interview with the German Press Agency that the city remains the most important financial location in the world. Contrary to expectations, the trade barriers caused by the EU exit have had less of an impact on the services sector than feared.

The number of employees in the city, also known as the Square Mile, has risen from 525,000 to 615,000 since the Brexit referendum. What is particularly noteworthy is that most companies in this area are made up of small and medium-sized companies. London was also able to increase its global share in asset management from 11 percent to 13 percent between 2016 and 2023.

Before Mainelli leaves office as the 695th Lord Mayor, he is planning a trip to Germany to visit Hamburg and Munich. Looking back, he is convinced that remaining in the EU would have brought even more advantages to the city. In his opinion, Brexit has cost the City around 30,000 to 40,000 jobs. Nevertheless, he emphasizes that the current developments can be seen as a success.

With a service share of around 80 percent of British economic output, the City of London offers a wide range of services in the areas of banking, insurance, science, technology, shipping, art, media, culture and education. Particularly noteworthy are the 40 scientific societies, 177 universities and 130 research institutes that have their headquarters here.

A current analysis by the London School of Economics (LSE) supports Mainelli’s statements. It shows that smaller companies in the goods trade are particularly affected by Brexit, while the service sector was able to significantly increase its exports.

The changes caused by the corona pandemic have also promoted the city’s success. Efficiency gains from the increased use of video conferencing and the associated decline in business trips contributed significantly to this. Mainelli emphasizes that even eliminating two or three personal business trips leads to a significant increase in efficiency.

The City is administered by the City of London Corporation, whose chairman is elected annually as Lord Mayor. This institution not only has administrative tasks, but also represents the interests of local companies.

Beaten in Nantes (29-26), the MHB players blamed themselves after a match where too much waste did not allow us to hope for better.

Montpellier

Karl Konan, defender and pivot of MHB: “Obviously, we feel a lot of frustration. Because we have the match in hand compared to previous years. We really had it in our hands. We made some pretty divisive errors in the second half. set up. And everything worked fine.

We were not lucid in the key moments of the match. Frankly, we only have ourselves to blame for this defeat. It was us who foiled. And Nantes took advantage of it. Clearly, I think there was room. If we stayed clean in attack, on the rises of the balls, on the withdrawals, I think there was room. And the entire workforce believed it. This is what allowed us to have such a match. But there you go, this will serve as a lesson for us. The championship will still be long. It’s the fourth game, it’s not over, we’re still in the race.”

Charles Bolzinger, MHB goalkeeper: “It’s a bit of the same scenario every year. I have the impression that we are in contact. And when we have the opportunity to puncture them, we don’t succeed. And as a result, it’s It’s a little frustrating to have been going through this again for a while. It’s frustrating because we have them in hand.

We started the match very well but afterward we got caught up straight away. And there you have it, 18 losses of balls too… Did we manage the rhythm well too? I don’t know. Afterwards, it’s lost. But it’s still a long way. It’s the fourth day. And there are still a lot of things that are going to happen.”

Valentin Porte, captain of the MHB: “The match was played perfectly from A to Z. Defensively, offensively. We had the aggression where we wanted. We got the saves because we got them where we wanted… It was perfect. But we did I don’t know not how many losses of bullets? We can’t hope to do anything. We have 18 stops, they have 7. We lose 18 bullets… It’s clearly our fault. :25) They are completely given the ammunition while they are in agony.”

Nantes

Grégory Cojean, coach of HBC Nantes: “I have a feeling of pride to see my team play like that, with these values. Defensively, it’s our best performance. The team was valiant. The only small downside is that we can kill the match a little earlier, we have this guilty pleasure of not knowing how to kill a match. There are saves from goalkeepers, it’s a very high level match, it went very quickly. -time was of very high intensity and quality.

The second was something else but we were very solid throughout the game. We were made too beautiful too quickly and we were buried too quickly. But that’s how it works now, it goes very, very quickly. The season is going to be very long, we will have to be consistent throughout the season. We’re going to lose points but we won’t be the only ones.”

2024-09-29 22:21:22

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