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Foreign direct investment into the U.K. fell to its lowest level in seven years, according to a United Nations report released on Tuesday, reflecting investor concerns over the status of the country's economic recovery and potentially hampering its growth.
Foreign direct investment into the U.K was $45.9 billion in 2010, down 35% from 2009, when inflows totaled $71.1 billion, according to the report on global flows, released by the U.N. Conference on Trade and Development in Geneva. That caused the U.K. to fall to seventh from third among the top 20 recipients in the world. The 2010 levels were the country's lowest since 2003, when they hit $16.8 billion..
By contrast, foreign direct investment into other developed countries increased or remained mostly steady. Germany's inflows grew 21%, to $46 billion, and flows into France fell less than 1%, to $33.9 billion. Foreign direct investment into the U.S. grew 49% to $228.2 billion from $152.9 billion.
The report looked at investments such as buildings, equipment, and technology; an interest in or takeover of U.K. companies; and intra-company transfers and other capital flows. Economists say that such investment is valuable for economic growth by bringing new capital, management and technology into a country.
A spokeswoman for U.K. Trade and Investment, the government agency that promotes business, said that the inflow data doesn't capture the whole picture. She pointed out that the market value of cumulative capital investment in the U.K. by foreign enterprises has remained strong despite the decline in incoming investment flows.
In 2010, the market value of such investments in U.K. was $1.086 trillion, which is a slight increase from the previous year's $1.056 trillion, she said. UKTI also pointed out that the UK value has fared better than Europe's as a whole.
Economists say the drop in inflows into the U.K. is significant, however.
"There are concerns that the U.K. recovery has been going more slowly than in the U.S. and Europe, and that is having an impact," said Hafiz Mirza, an economist with Unctad.
The bleak investment numbers were coupled with a dim economic outlook Tuesday, as the British officials reported that the economy grew just 0.2% between April and June amid sluggish industrial output.
The slowing investment into the U.K. presents somewhat of a Catch-22, economists say. Investment flow into the U.K. is down because of its slow growth, yet foreign investment is one thing that could help it grow.
U.K. outflows, or funds leaving the U.K. to be invested abroad, including through takeovers of a foreign target by a U.K. company, saw an even sharper decline in 2010, falling 75% to $11 billion, from $44.4 billion in 2009. This drove U.K. to 27th in terms of foreign investment outflows last year, from seventh in 2009.
Those involved in the report said this was partly due to the weakness of the U.K. pound compared with prior years, making it more expensive for British companies to purchase abroad. In addition, the U.K. is dominated by financial companies, which had driven investment abroad in the past, but have been weaker in the U.K. recently, said Mr. Mirza and others.
The dropoff in outflows could also reflect that some hedge firms and others are dialing back operations in the U.K. or moving out, although Mr. Mirza cautioned that would account for only a small part of the drop.
Geoffrey Owen, a senior fellow at the department of business management at the London School of Economics, said the U.K. has embraced pro-market, foreign-investor-friendly policies since the 1980s and has "benefited tremendously" from this policy.
While the figures do reflect worries about U.K. growth, he said wouldn't be "too alarmed," citing a recent upswing in the interest of foreign firms for U.K. ones, such as some in the utility sector.
The report also showed that foreign investment inflows to all of Europe, including Britain, declined 19% in 2010, to $313 billion.
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A 18 Wheeler Accident
This happen on NYS Thruway I-90. One of the busiest highways in Buffalo, NY. The traffic jam was so bad and everyone was trying to cut in other cars.
Before we got in Buffalo, we heard on one of radio stations about the accident from buffalo. I didn't dare to take more pictures coz how dangerous the traffic was. Also, The trooper was a prick.
We were coming back from Erie, PA. The Traffic was back up to Rt. 219 Exit. The accident was a little pass Rt. 400 Exit coming in to The city of Buffalo.
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Museo De Las Aves
Thanks for your comments, but please no awards, banners nor graphics they will be deleted
This is a nice place for visiting at Saltillo, Coahuila. I dunno if you have to paid to enter but is not expensive in any case. Inside there's a little jardin where you can see some eagles around. Is nice for photography since there's no jails.
Photo.- This is a HDR from a single RAW file, composition were choosen like this 'coz 'ol ppl that were entering muse. Hope you kind of like it.
Feliz Sabbath a todos ;-)
Do you like this picture? You can do HDR too... take a look at my tutorial [Spanish only] [Tutorial]
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Seashore
Royan, a pretty city at the Atlantique ocean
Royan, une jolie ville au bord de l'Atlantique
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Sports trading card manufacturer Topps announced Wednesday it will produce a baseball card for the fan who caught Derek Jeter's 3,000th career hit.
Christian Lopez, who gave back the historic ball that Jeter blasted into the left-field stands July 9, will now have his own piece of memorabilia that will be included in Topps' 2012 baseball set.
"We will be producing a card of Christian Lopez, the fan who in a selfless act returned Jeter's 3000th hit ball!" Topps announced on its Twitter account.
Lopez, a 23-year-old cell phone salesman, attracted the attention of baseball fans around the world after he returned the prized memento, which had been valued at about $250,000.
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Neil Miller
Christian Lopez
As a reward for his selfless act, Lopez was given tickets to the rest of the Yankees' 32 home games, worth at least $44,800.
The freebies included four tickets for the pricey "Legend" section for one game, worth a total of $6,000, and then four tickets for each of the rest of the games in the stadium's "Championship" section, where seats go for $350.
Jeter personally gave Lopez three signed bats, three signed baseballs and three signed jerseys.
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This is a little flickr Penrith group outing to PMA Australia at Darling Harbour, Sydney, Australia..
I like the lines and angles on the exhibition centre...
A lovely day with a great group of people..
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Another collections of water jugs waiting to be filled.
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Disciplin a Kitschme, ExitMusicLive #EXIT2011
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Photo by Darko Novakovic
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Chuck Yeager
Edwards Air Force Base in California.
Stages - Photo workshops in Fontainebleau, visit my blog :
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by Amanda Greene
Whether it’s your self-assured best friend or that coworker who always garners respect, some people just seem to have a natural air of authority. But while it can feel like a quality you’re either born with or not, this type of boldness is actually an attitude you can learn to project. From dressing the part to mastering proper email etiquette, the following simple behaviors can help you exude confidence in every situation—read on to learn how.
Stand up while you’re on the phone.
It may sound silly, but getting up out of your chair while you're on an important call—whether it’s to your insurance provider or a potential employer––can help make your voice sound more authoritative. “Your voice is closely linked to your body and physicality,” says Susan Berkley, author of Speak to Influence and president of The Great Voice Company. “When you’re standing up and gesticulating, you’re going to have more energy than if you’re sitting down, relaxing in your chair. You’re pumping yourself up physically and it’s going to come through in your voice.” Plus, she notes that when we stand up straight, we breathe more fully, enhancing the power of our voice. Photo: Ciaran Griffin/Thinkstock
Avoid turning statements into questions.
“It drives me nuts when I’m in a coffee shop and a woman places an order that sounds like a question: ‘I’d like a latte?’” says Ginny Clarke, career coach and author of Career Mapping. “Do you or don’t you want a latte?” By allowing the tone of your voice to rise at the end of a sentence, you’re subconsciously undermining your own authority by treating your statements as questions. “Tell someone what you’re thinking,” Clarke stresses, “don’t ask them.” According to her, we often do this in mundane circumstances, like when ordering food or responding to simple questions. To overcome this habit, she recommends keeping the three "Ds” in mind: Be decisive, definitive and deliberate. “And never answer a question with a question,” she adds. “If you need clarification, lead with a statement like: ‘Let me make sure I understand you. Are you asking if…’” Photo: David Humphrey/Thinkstock
Master the art of persuasion with these insightful pointers.
Dress the part.
Dressing for success doesn’t necessarily mean donning a suit. Instead, make a note of what everyone else is wearing, and emulate their style in a put-together way. If the dress code at work is slacks and a button-down shirt, invest in a few sharp-looking separates that will ensure you fit in with the office culture. “Dressing conservatively for the sake of getting respect will make you seem out of touch with what the organization needs, and that can automatically undermine your authority,” says Dawn Chandler, a career management and HR professor at the California Polytechnic State University. Photo: Siri Stafford/Thinkstock
Make eye contact.
Whether you’re giving a presentation to a roomful of people or negotiating a better deal on a car repair, making eye contact is key. As Antoinette Kuritz, a publicist in San Diego, notes, when you’re so focused on what you’re saying or doing it can be easy to converse with people without actually looking at them. “Making eye contact infers that what you have to say is important and that the person to whom you are saying it is important, too,” says Clarke. “People will remember you when they sense that you’ve really seen and paid attention to them.” Photo: Jared DeCinque/Thinkstock
Get career advice from successful women across the country.
Pause before hitting Send.
Before firing off a hasty response to an email from your boss, wait a few extra minutes to see what other information you can gather. Constant accessibility has become the norm these days, but a rapid reply simply acknowledging that you got her message, without a real thoughtful answer to her question, isn’t the way to command respect. “Instead of sending five emails that don’t say much, stop and gather good information so that you can provide her with a more considered answer.” Even better: When appropriate, head over to her office to discuss her inquiry, or ask your own questions. By showing up in person you’ll appear more confident than if you quietly send out a stream of emails. Photo: Hywit Dimyadi/Thinkstock
Make yourself visible at meetings.
When it comes to commanding authority, “having height helps,” says Clarke. “You want to stand as often as possible.” This means rising when someone comes to chat with you at your desk or standing, when appropriate, during meetings. “By showing up right on time, once all of the chairs are taken, you’ll be forced to stand, which will automatically give you a bigger presence in the room and your stature will subtly connote authority.” Being so visible, you may also be called to question or comment first, which can work in your favor. Photo: Comstock/Thinkstock
Dress to impress in this confidence-boosting outfit.
Don’t lead with a disclaimer.
According to Clarke, women tend to pepper their ideas with disclaimers and apologies, like “I don’t know if this will work, but…” or “This might not be what you were thinking of, but…” Instead of giving your audience a reason to discount what may be an excellent idea, present it without any judgment at all and let them decide what they think. You’ll be surprised at how much people will trust you if you trust yourself. In situations that require a disclaimer, Clarke recommends making it after you’ve asserted your facts or opinion; for example: “I don't think we should move forward with this project, unless of course I don't have the latest data that would suggest otherwise.” Photo: Jonathan Ross/Thinkstock
Manage your boss’s expectations.
Think that promising to tackle that giant pile of expense reports by 5 p.m., despite having no experience with accounting, will endear you to your boss? Offering to take on work that is outside your area of expertise won’t impress anyone—especially when you turn in a less-than-stellar final product. On the other hand, avoiding projects like the plague won’t impress your superiors either, since being a team player is essential for career development. If you’re asked to do (or want to volunteer for) something that you know you can’t handle alone, be honest about your limitations, advises Clarke. “Say something like, ‘I’m always up for learning, but this project might take me a little bit longer and I may need a few extra resources.’ People will respect you more for being honest rather then taking the assignment, turning it in late and flubbing it.” Plus, you'll be able to manage your team’s expectations while still giving yourself a fair shot to complete the work. Photo: Robyn Mackenzie/Thinkstock
Original article appeared on WomansDay.com.
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