Category Archives: Business

Britain Expected by Canada to Be Part of the EU Trade Deal

Canada is expecting Great Britain to be a part of a preliminary free-trade agreement between Canada and the European Union (EU). Whether this deal would result automatically into a free trade agreement in between Canada and the UK, it still depends on the pact that UK has with EU.

Even if UK has chosen to leave the EU, it still remains a member up to this moment. Talks about terms of its exit and continued relationship with the EU are likewise expected to commence in 2017.

The interesting part of this story is that UK, being an EU member, is supposedly not advised to make separate agreements with third parties.

Business State of the UK

The UK is composed of England, Scotland, Wales, and Northern Ireland. While it’s often confused with Great Britain, the latter actually refers only to England, Scotland, and Wales.

Through the years, the UK has established quite a steady financial growth. It likewise was able to maintain low unemployment and low inflation rates.

Unemployment rates are lower than other countries such as the US, Germany, and Japan. Inflation, on the other hand, has likewise dropped to as low as 0.1%.

Keeping up with the Business Markets

Despite Britain’s exit from the European Union (EU), it’s still poised to do well economically. In fact, the decision will allow Britain to reclaim some parts of its national authority that it has previously ceded.

Being one of Germany’s most profitable markets, Britain is very hard to ignore. In fact, trade surplus with the UK reached over $50 billion euros last 2015. Therefore, it won’t make sense if Germany shuts the UK out of a free trade deal with the EU.

Moreover, Brexit will likewise pave the way for UK to possibly correct some mistakes it has made in the past due to EU’s centralized power structures.

However, Brexit will have little impact on compliance with international quality standards like ISO 9001.

Business in the Internet

Online business in the UK has significantly grown through the years. However, an independent research found out that not all people selling goods online are aware about their responsibility to pay taxes for their sales profits.

One seller, who was interviewed, said that he does not clearly view his as a running business. Interestingly, he’s generating a huge chunk of money for selling goods online.

When asked about his thoughts, a financial expert said that people should check with the government agency if their activities online qualify them as a “running business.”

Home Automation Market Forecast to Grow 45% Annually for Next Five Years

According to a new report from ABI Research, the global market for home automation services saw strong growth during 2012, driven by a wave of new entrants and offerings in the North American market. The US in particular leads in deployments and new shipments – acting as a bellwether for markets around the world.

Even with the low growth US economy and the stuttering housing market, home automation systems installed in the US this year almost doubled over 2011 shipments, according to the latest market study from ABI Research. In 2017, more than 8 million systems will ship, showing a CAGR rate of 45.2% between 2011 and 2017.

In the US over the past 12 months, Verizon has rolled out its service offering, cable companies including Comcast and Time Warner have expanded their footprints and security vendors including ADT and Vivint continued to see strong demand for their solutions.

“Home automation adoption is moving into the mainstream as a combination of home connectivity, standardization, and a range of new sensors and devices bring an ever expanding number of players into the market,” says Jonathan Collins, principal analyst, ABI Research. “Meanwhile existing players are adapting their offerings and a host of technologies and connectivity options are battling to become de facto standards.

These findings are part of ABI Research’s Home Automation and Smart Cities Research Services, which include Research Reports, Market Data, Insights, and Competitive Assessments. The Home Automation service examines the market for monitoring and control technologies used for automation applications in the home, including home energy management, connected appliances, home security management, home healthcare, entertainment, and lighting control.