Monthly Archives: June 2021

NHL to Engrave Fan Tweets at Hockey Hall of Fame in Toronto – iPhone in Canada

Posted: June 28, 2021 at 10:44 pm

One of the time-honored traditions in sports is carving the names of members of Stanley Cup-winning teams onto the iconic trophy, and theNational Hockey Leagueteamed up with Twitter to enable some fans to have their shot at immortality, as well.

According to a new press release from the NHL, fans can tweet directly to the @StanleyCup account with the hashtag #StanleyTweets, and up to 52 of those tweets will be engraved into a first-of-its kind installation at the Hockey Hall of Fame in Toronto, featured alongside the Stanley Cup and other official NHL trophies.

The goal is to pick 52 tweets in multiple languages to correspond to the 52 names the winning team gets on the Cup each season. NHL social media director Sean Dennison said the hope is for tweets that evoke emotion and sentimentality with some humor mixed in.

We want this to be as symbolic of the Cup as possible and since 52 names get put on the Cup, lets recognize 52 fans, he said. The modern day fan experience really does take place on social media and especially on Twitter. It captures what people are saying, and I think thats an important part of the story for our sport and for a Stanley Cup win.

Tweets in Czech, English, Finnish, French, German, Russian, Slovak, Spanish and Swedish will be considered.

The thought was really finding a way to give fans recognition for their commitment the same way that we would with the players themselves, NHL executive vice president and chief marketing officer Heidi Browning said.

The social media endeavor launches on the day of Game 1 of the final between the Montreal Canadiens and Tampa Bay Lightning. While the Lightning are trying to win back to back, the Canadiens are looking for their first championship since 1993.

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NHL to Engrave Fan Tweets at Hockey Hall of Fame in Toronto - iPhone in Canada

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Home Grown: Harvest automation is the newest farmer on the field – KYMA

Posted: at 10:43 pm

YUMA, Ariz. (KYMA, KECY) - In today's Home Grown, we look at a way that man and machine can co-exist side by side in the field.

There are millions of dollars invested in harvesting each year, but with a continuous labor shortage, it makes it difficult to get crops out of the dirt.

Thinning, weeding and spraying have already shifted to machine labor in our area.

Harvesting, on the other hand, is much more difficult because a robot would have to replicate a human being.

"You're looking at something. You're evaluating it. You're making a decision," said Dennis Donohue, executive director of the Western Growers Association. "You know, if you're looking at a strawberry, is it red, does it have white shoulder, is it no good."

Harvesting is a difficult process because a machine would have to have the same evaluation capabilities as a farmer.

Even though nothing can compare to the human eye, farmers feel switching to harvest automation is a necessary step in feeding America.

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Here are 5 shipping exceptions that ecommerce companies should automate – YourStory

Posted: at 10:43 pm

According to a Payoneer report, the Indian ecommerce sector is ranked 9th globally in cross-border growth, with the volume of online orders increasing by 36 percent in the last quarter of 2020.

None of that would have been possible without an efficient shipping system. While many small and medium ecommerce businesses take a simple approach of manually selecting delivery partners for each shipment, this isnt the only approach.

Most ecommerce companies are opting for shipping automation to streamline their supply chain to grow their business and keep customers happy.

This leads to greater productivity and enables an ecommerce company to process and ship more orders in less time.

From small to medium to large, all sizes of an ecommerce business can benefit from fully embracing automation.

To better understand the role of shipping automation, let's look at some common fulfilment challenges e-commerce businesses deal with daily and how automation can solve those.

Delays in shipment are inevitable, and the reason for these delays could be anything depending on the nature, size, or weight of the product.

However, for ecommerce firms, it means customer escalations and WISMO calls leading to more time spent and money lost.

These losses can be mitigated with an organised fulfilment process and ongoing customer communication. Technology can reduce the impact of delayed shipments on customer experience by 60 percent.

These are cases where the carrier is unable to deliver the order. Sometimes, the receiver is not available at the address to receive the parcel, or the delivery address was incorrect/incomplete or missing some details.

An unsuccessful delivery incurs extra costs on rescheduling, informing the receiver, and scheduling the future delivery. Automating the delivery operations by integrating with carriers helps identify such cases in real-time and taking customer inputs proactively. This increases the success rate of such delivery attempts.

Fake delivery attempts adversely impact customer experience. For an ecommerce company, it is important to empower customers to report such cases directly and solve the issues.

Also, NDR (non-delivery report) management in automated processes reduces the time spent processing the undelivered parcel. It also follows up with the customer to check their availability to receive the package and perform the re-attempts.

Stuck shipments are a complex situation for any ecommerce company. These shipments, which are 'stuck' in the supply chain, have a strong chance of getting delayed, causing severe disruption to the customers buying experience.

This can be damaging to your reputation, incurring extra costs and lost revenue. An automated system gets tracking updates from carriers, and when there is no update regarding the shipment for more than three days, it auto-flags the order and enables daily emails to carrier POCs asking them to address stuck shipments.

Often, a package gets misplaced or damaged during shipments. Such incidents directly affect customer satisfaction but are out of the sellers control.

An automated system always keeps an eye on the status of the products through carrier updates over APIs.

The system then triggers an update in the sellers' order management system to resend the product.

Exceptions are common in ecommerce supply chains, but automation is a great way to mitigate the risks associated with such exceptions.

Automation saves time, reduces costs, improves efficiency, productivity and accuracy, and results in better customer experiences. It benefits both the ecommerce company and the customers and ensures business growth.

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.)

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Outperform the competition through machine learning-powered automation – Intelligent Insurer

Posted: at 10:43 pm

Agility and responsiveness are key demands from the digital consumer. Whether in the consumer or commercial sector, a customer experience that is fast, efficient and effective is always the goal. Increasingly, digital-first insurtechs are able to deliver this experience leaving legacy carriers wondering how they can overcome years of systems and process toquite literallybring themselves up to speed.

Charlie Newark-French, chief operating officer at Hyperscience, will be partnering with Sam Love, chief product officer of wefox, at this years Underwriting Innovation Europe virtual event, brought to you by Intelligent Insurer. During their presentation on June 29, they will be revealing through the wefox case study how legacy carriers can replicate the success of their digital transformation by intelligently automating manual processes such as data extraction and verification. Here, Newark-French explains what viewers can expect.

Put the customer at the heart of your plans when building your business process. Charlie Newark-French, Hyperscience

Why is this case study such an important example of the power of automation? Wefox is trying to do something unique in Europe: to be the first Europe-wide, fully digital insurance company while still embracing the incumbent broker network. It is looking for substantially better outcomes for customers. This means improving processes and underwriting policies significantly more quicklyand doing so at a lower cost.

Its unique in that, in the face of digital, many carriers might try to circumvent the broker network, but wefox feels that this service has many advantages. It gives instant scale to startups or new market entrants where otherwise you might need a large marketing budget and extensive time investment to build a similar base.

Distribution makes a big difference. The broker gets close to the customer, understands their needs and can help with more than one product. Intelligent automation enables brokers to underwrite policies for their customers much faster, and this seamless experience for the broker filters down to the end customer.

By improving its business process, wefox has enabled its brokers to provide a much better customer experience, and that helps them expand the broker network.

What lessons can be learned from this case study?Speed and cost savings directly impact not only your customers, but also your brokers. Its a miserable process: taking out an insurance policy, submitting information and then waiting for days and more to get an answer. We know theres a better way.

What contribution is automation making to end customer experience?Powered by machine learning and artificial intelligence, the Hyperscience Platform automatically classifies and extracts accurate, actionable data from the diverse document types required throughout the underwriting process.

This throughput increase not only enables cost savings, it translates downstream to the customers, improving their overall interaction with wefox as their time spent waiting for answers is reduced. In utilising intelligent automation through its insurance processes, wefox is able to compete with other providers by issuing policy decisions faster, allowing the brokers to provide a seamless customer experience.

On top of that, further down the chain, intelligent automation is freeing wefox employees from the time-consuming, manual task of comparing documents against the information entered by brokers, and enabling them to use that reclaimed time better by providing customers with better services. Its a win-win for all involved thanks to the power and flexibility of intelligent automation.

What best practices will attendees be able to take away from the session?First of all, its thinking about where we are and where were trying to get to, plus value to stakeholders and value to the customer. Wefox has looked at the world of today, designed the world where it wants to exist, and then charted a path between the two.

The company has been thoughtful of its employees needslooking for ways to free them to work on more impactful work, rather than keying someones name into a system four times over.

It has considered the mundane tasks that a machine can accomplish, while leaving the more meaningful work to employeesenabling a collaboration between machines and humans that future-proofs the organisation in its efficiency and configurability.

With customers at the centre of the digital transformation, wefox has improved the experience of its employees, brokers and customers.

What else should attendees take away from this session? Put the customer at the heart of your plans when building your business process. Think about ways to upgrade using technology that augments what your employees are able to accomplish, enabling the whole organisation to embrace change.

What I found fascinating is that pre-COVID-19, organisations were reluctant to implement change management. Yet at the start of the pandemic, change happened on a massive scale in a matter of weeks. When it comes to future-proofing your organisation for the benefit of your customers, sometimes its best just to tear off the Band-Aid and make the change.

Charlie Newark-French, chief operating officer at Hyperscience, and Sam Love, chief product officer of wefox, will be speaking on Tuesday June 29 at Intelligent Insurers Underwriting Innovation Europe Virtual Event (June 2830, 2021). The event is free to attend for insurers and brokers/agents, but you must register in advance. Sign up to access the content live and on demand here.

wefox, Hyperscience, Underwriting Innovation Europe, Virtual event, Insurance, Reinsurance, Charlie Newark-French, Sam Love, Europe

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They Voted for Brexit, but Not the Giant Truck Park That Came With It – The New York Times

Posted: at 10:42 pm

MERSHAM, England Since work began on a post-Brexit border checkpoint, villagers nearby have complained of construction noise, a cloud of dust, damage to their homes, unsavory refuse and giant trucks blasting their horns at night and getting stranded on tiny rural roads.

But the real problem starts like clockwork each evening when hundreds of floodlights from the giant vehicle park illuminate the skyline so much that, on one recent night, a dramatic bolt of summer lightning looked like a faint flicker.

Five years after Britons voted to leave the European Union, the aftershocks are still being registered. But few parts of the country have felt its impact more than this corner of England close to its Channel ports and the white cliffs of Dover, where a majority voted for Brexit.

When Britain was inside the E.U., the trucks that flowed ceaselessly to and from France did so with few checks. But Brexit has brought a blizzard of red tape, requiring the government to build the checkpoint nicknamed the Farage garage, a reference to the pro-Brexit campaigner Nigel Farage.

For people living nearby its an absolute catastrophe with the night sky completely lit up. Honestly, its like Heathrow Airport, said Geoffrey Fletcher, chairman of the parish council at Mersham (pronounced Merzam).

Consultation on the 24-hour truck park had been minimal and suggestions on how to limit problems ignored, he said. Yet, so polarized is the debate over an issue that divided the country, that Mr. Fletcher thinks few minds have changed on Brexit.

I have not met anybody who has said they would vote differently, said Mr. Fletcher, a Brexit voter, over coffee in the garden of his former farmhouse, part of which dates from the 15th century.

At present the Sevington Inland Border Facility is mainly used for Covid-19 testing of truck drivers headed to France, according to Paul Bartlett, a Conservative Party representative on the Kent County Council. That should change in the fall, however, when Britain is scheduled to start introducing checks on incoming goods including food and animal products.

Currently, the site, which covers around 66-acres, is around half as busy as expected, but already there are problems.

Of about 1,000 lorries a day coming into the Inland Border Facility there are two or three lorries a week trying to access it through an unauthorized route: every time that happens it causes angst and aggravation, said Mr. Bartlett, who added that some truck drivers who had relieved themselves inside their cabs had discarded bottles filled with urine.

It happens, I dont understand it, he said, why chuck it out of the window when you know you can walk it to a bin?

If Britain were experiencing any wide-scale Bregret regret about supporting Brexit this should be the place to find it given the litany of complaints.

Yet opposition to the border checkpoint has been muted because the land had been earmarked for development, and a warehouse and distribution center was one possibility.

John Lang is one of the most directly affected, and while his physical view has changed dramatically, his political ones have not. Where once Mr. Lang enjoyed overlooking a barley field, he now faces the site in two directions: the main area to the front and an overflow area to the rear.

The main construction phase was like a war zone, he said, not just because of the noise but because the process of leveling the ground generated a huge cloud of dust. It was like the Sahara, he said.

While that has mercifully ended, Mr. Lang said he was still being bothered by trucks sounding their horns late at night or getting lost and ending up outside his home. On one occasion Mr. Lang said he had an altercation with an irate Italian truck driver. I threw a sandbag at him, he said.

But those annoyances pale beside the enduring problem of the 40-foot-tall floodlights that throw a blaze of light over the area. I reckon you could see it from the space station, said Mr. Lang, who cannot use one of his bedrooms because, even in the pitch of night, its daylight.

While Mr. Lang, the managing director of a building company, feels poorly treated by government officials they couldnt lie straight in bed, he said he has not wavered in his support for Brexit. He is happy with the governments new draft trade agreement with Australia and thinks that further benefits will be seen a decade hence.

Down the road, Nick Hughes said heavy construction vehicles had caused structural cracks in his ceiling and a burst water main outside. The dust, he said, was unbelievable, and an acoustic wall designed to muffle sound from the truck park has caused problems because the roar from a nearby high-speed train line tends to bounce off it, amplifying the sound.

And of course, there are the floodlights. We could walk around our house at night with no lights on, said Mr. Hughes, a civil servant, who fears that the development has reduced the value of his property.

When you talk to somebody and you say where you live, they used to say, Oh by the quaint church. Now they say, By the lorry park, he added.

Yet Mr. Hughes, while circumspect on how he voted on Brexit, said his views had not changed. I have friends who voted both ways and we just dont talk about it, he added. Its probably the most divisive thing I have ever known among groups of friends.

The Department for Transport said it had commissioned a survey over the lighting and would work to resolve complaints.

We are aware of residents concerns and have acted to minimize disturbance by turning off the lights in one of the most public sections of the site as well as commissioning a detailed lighting survey to better understand the issue and develop a plan to address it, it said in a statement.

Supporters of the project point to its economic impact and, so far, it has generated 130 jobs, according to an official announcement.

But by Sevingtons church, which dates from the 13th century and is now an island of rural calm next to a sea of concrete, Liz Wright, a local Green Party councilor, decried the pollution connected to the site. It is very sad when you think there were hedges, wildflowers, wildlife and trees, and now you just see this barren expanse of lorries and buildings, she said.

However, Ms. Wright voted for Brexit because she opposes the European Unions farm policy and thought migration from the bloc was forcing down wages, and she hasnt changed her mind either.

Those who wanted to remain in the European Union, like Linda Arthur, a leader in the Village Alliance, a local group campaigning to persuade the government to devote some of the unused land to a wildlife site, can only shake their heads.

It was a beautiful country village peaceful and quiet until now, she said, adding that some villagers are getting a little tired of guiding lost foreign truck drivers out of tiny streets.

But she accepts that the region can expect little sympathy in light of its vote to leave the E.U. and acknowledges that, despite the transformation of this idyllic corner of the countryside into something of an eyesore, sentiment about Brexit has barely moved a notch.

It hasnt, I suppose its very interesting isnt it? she said, adding with a wry smile: Thats all I can say as a non-Brexiteer.

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Hundreds of thousands of EU citizens scrabbling to attain post-Brexit status before deadline – The Guardian

Posted: at 10:42 pm

EU citizens are struggling to apply for post-Brexit settled status as the Home Office reaches breaking point coping with a last-minute surge in applications.

With three days before the deadline of the EU settlement scheme this Wednesday, campaigners say late applicants are being stuck in online queues as others find it impossible to access advice on the government helpline.

Latest government statistics show a lengthening backlog of applications. Out of 5,605,800 applications only 5,271,300 have so far been processed. Further estimates suggest tens of thousands possibly up to 150,000 of others have yet to even apply.

The figures have intensified calls for the UK to follow Frances leadand announce a deadline extension, a move that has ensured British nationals in the country do not risk losing their rights.

On Thursday France added another three months to its 30 June deadline for new post-Brexit residency permits, allowing Britons more time to secure local healthcare, employment and other rights.

However, the UKs immigration minister, Kevin Foster, has ruled out extending the deadline despite a late surge in applications, thought to be higher than 10,000 a day.

Campaign group the3million, whose name underlines the vast underestimation in the number of EU citizens previously believed to be living in the UK, said they had received numerous reports of people struggling to receive a certificate of application, the paperwork that guarantees their rights are protected while their application is pending.

Monique Hawkins of the3million said an indication of how many EU citizens were scrabbling to obtain a certificate of application was evidenced by the number of people reporting being stuck in a queue after accessing the governments settled status website.

Hawkins also said there were grave concerns over the helplines ability to cope. To date, the helpline has received 1.5 million calls in addition to more than 500,000 requests for help through an online contact form.

If people have any kind of problem or question, they cant get through. Instead, they get a message saying, Sorry, the helpline is full, try again later.

There are a lot of complex applications trying to get through which are being stymied by people not being able to get help. The organisations set up to help people are also overrun, the system is at breaking point, said Hawkins.

Last week the Home Office warned EU citizens living in the UK that they will be issued with a formal 28-day notice if they fail to apply for post-Brexit settled status by the deadline.

The notices will warn them to enter an application or risk losing their rights to healthcare and employment.

Campaigners fear that many EU citizens still remain unaware of the deadline and the threat to their rights.

There will be a lot of complex and vulnerable people who will also not have been reached because they will not be seeing the last-minute social media material, said Hawkins.

The Home Office said last week it was redoubling attempts to reach those unaware of the impending rule change, including vulnerable groups such as elderly people and children in care.

Another area of concern is potential delays to the issuing of certificates of application. Despite writing to the Home Office in April, the3million say they still do not know of the legal position if a person has submitted an application but has not received a certificate.

Meanwhile, the backlog of applications has grown to more than 330,000. Although the Home Office says the process usually takes five days, new data reveals that more than two-thirds of EU settlement applicants have been waiting more than a month for a decision, with thousands waiting for over a year.

A Home Office spokesperson said: As we near the 30 June deadline for the EU Settlement Scheme, our Settlement Resolution Centre is seeing a surge in calls but continues to help thousands of customers every day.

Anyone who has already submitted an application has their rights protected, even if the application is not concluded before the deadline. We want to prioritise those who havent yet submitted an application and who need additional support to do so. If you have already made an application, please do not call the Settlement Resolution Centre to check.

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Post-Brexit checks rejecting less than 1% of British imports – The Irish Times

Posted: at 10:42 pm

Less than 1 per cent of animal food products, plants and live animals imported from Britain have been rejected by State inspectors in post-Brexit checks since January 1st, new figures show.

The Department of Agriculture said it had processed 24,481 consignments, mostly at Dublin Port, since the beginning of the year under the new border controls on imports from Britain.

Inspectors carried out 27,918 checks on those consignments in that 24-week period to June 20th. Just 175 consignments, or 0.7 per cent of those processed, were rejected, mostly because the imports were not accompanied by the required health certificate.

Products of food and plant origin along with live animals arriving into the State from Britain have been subject to sanitary and phytosanitary checks applying to non-EU goods. The checks have been carried out the EU-designated border control posts (BCPs) at Dublin Port, Dublin Airport, Rosslare Europort and Shannon Airport.

Some 97 per cent of the consignments were processed by inspectors at Dublin Port, the States largest port.

In most cases where consignments were rejected, the product was destroyed as it was usually just part of a load being carried by a heavy goods vehicle, the department said.

Of the rejected consignments, 90 were products of plant origin, 63 were products of animal origin and 16 were rejected on the basis that they did not comply with EU rules on pesticides. No consignments of live animal imports were rejected.

Hazel Sheridan, head of the departments import control division, said the main focus of the work by inspectors was on documentary checks to ensure that importers had correct certificates.

Inspectors carry out documentary checks on all food and other products of animal and plant origin, while all live animal imports and between 60 and 70 per cent of plant products are subject to identity checks by inspectors.

The physical check rates vary and that has not been so much of our focus in the early part of the year but it will be in the latter part of the year, she said.

Ms Sheridan said the very low number of rejected consignments was a testament to how well businesses have adapted to the situation.

It was pretty bumpy in the early days, but we are definitely on a much smoother road now. We have been impressed by how quickly businesses have adapted, she said.

The change to border controls on inbound products from Britain was the most significant change since the EU single market was created more than a quarter of a century ago, she said.

It was always going to be a very big shock to the trading system. It has been a real testament to everybody how quickly businesses have adapted and just how agile and adaptive businesses, hauliers and operators in the supply chain are in Ireland and the UK, she said.

Ms Sheridan warned traders to be ready for the next shock from October 1st when Britain would start applying border controls to exports from Ireland and the rest of the EU.

She expected businesses would stockpile and front-load products ahead of the October deadline to allow them to adjust, but urged traders to have the required paperwork ready to avoid delays.

If you are exporting products to the UK, you really need to be very clear what the GB import requirements are and then making sure that youre able to comply with them, she said. One of the key messages for businesses is to do things as early as you possibly can.

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EU rules UK data protection is adequate in boost for business – The Guardian

Posted: at 10:42 pm

British data protection standards are adequate, the EU has ruled in a long-awaited decision that lets digital information continue to flow between the UK and the bloc. But Brussels warned Boris Johnsons government the decision could be revoked immediately if it sees weakening UK standards.

Failure to get a positive decision would have risked plunging British businesses into disarray, leaving industries from banking to logistics scrambling to set up more costly, bureaucratic alternatives to share data.

The UK will retain adequate status for four years, but the commission warned that could be withdrawn at any time if UK law was no longer deemed to offer EU citizens protection over how their data was used.

The European Commission vice-president Vra Jourov said: The UK has left the EU but today its legal regime of protecting personal data is as it was. Because of this, we are adopting these adequacy decisions today.

She added that the commission had listened very carefully to concerns expressed by the European parliament, EU members and the European Data Protection Board, in particular on the possibility of future divergence from our standards in the UKs privacy framework.

Under pressure from the European parliament, the commission put a four-year sunset clause on the adequacy decision, a safeguard applied to no other country, which reflects mistrust of the British governments ability to protect EU citizens data.

Didier Reynders, the European commissioner in charge of data protection, said the adequacy decision could be withdrawn immediately if the commission had serious concerns.

Of course we have a procedure and we will give the opportunity to the UK to react and to explain what are the possible solutions, if we have a problem, he said. But if there is a real urgency this can be done immediately. So its possible to stop the process or to suspend or amend if we have real concerns. Its a unilateral decision of the commission to do that.

John Foster, the director of policy at the Confederation of British Industry, said the breakthrough in the EU-UK adequacy decision would be welcomed by businesses across the country. The free flow of data is the bedrock of modern economy and essential for firms across all sectors from automotive to logistics playing an important role in everyday trade of goods and services.

The digital secretary of state, Oliver Dowden, said: After more than a year of constructive talks, it is right the European Union has formally recognised the UKs high data protection standards.

During the Brexit transition period, the government largely copied key EU legislation into the UK statute book, notably the landmark General Data Protection Regulation (GDPR) and the Law Enforcement Directive, which governs data sharing in police and law enforcement.

Brexiters on the Tory backbenches are pressing Boris Johnson to ditch the prescriptive and inflexible GDPR. A taskforce set up by Downing Street to seize new opportunities from Brexit said GDPR should be replaced with UK laws on data protection. The EUs GDPR overwhelms people with consent requests and complexity they cannot understand while unnecessarily restricting the use of data for worthwhile purposes, states the taskforce report drawn up by Iain Duncan Smith, Theresa Villiers and George Freeman.

The group said consumers needed stronger rights, while data should be free[d] up to allow the UK to capitalise on artificial intelligence and data-driven healthcare. The prime minister promised to give their report the detailed consideration it deserves.

During the Brexit negotiations, analysts at the New Economics Foundation warned that the absence of a deal on data could cost UK firms up to 1.6bn, either in compliance costs or higher prices for goods and services. Any company that shares data between the UK and EU via payroll or health records could be affected if Brussels decides to withdraw adequacy.

Only 12 countries, including Canada, Switzerland and New Zealand, have positive adequacy decisions from the EU. The US was deemed partially adequate, but these decisions have been thrown out twice by the European court of justice. The two legal victories for the privacy campaigner Max Schrems concluded the EU-US agreements on data-sharing failed to protect EU citizens from snooping by US intelligence agencies.

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Effects of Brexit difficult to quantify as COVID-19 muddying the waters – Pensions & Investments

Posted: at 10:42 pm

The reality is that markets have "kind of dismissed it," said Andrew Jackson, head of fixed income at the international business of Federated Hermes Inc. in London, speaking on a virtual panel event on June 17. While Brexit is relevant, it may be "bad, may be good, but only marginally bad or good," he said. Corporations got ahead of the official exit, managed risks and communicated them well, Mr. Jackson added. Federated Hermes has $625 billion in assets under management.

But concerns do remain, including the impact of "rules of origin" the need to demonstrate that goods originated in the U.K. or EU before they can be distributed on supply chains and "the uncertainty over the treatment of parts of financial services. The risk is that a combination of the rules, frictions and ongoing uncertainty undermine business investment," Mr. Roe said.

Insight's Ms. LaRusse said there is some evidence of delays in terms of bringing goods into the U.K., which is affecting costs. She also cited the rules of origin protocol as a risk. "There is some evidence to suggest there are frictions in the system, which are leading to less trade, and potentially that hurts the U.K. economy," she said.

And Hermes' Mr. Jackson added that supply chains will continue to be disrupted. "But I think in some ways, the last year has been a good time to have Brexit occur there's been a global pandemic and some of those supply-chain effects have not been noticed," and markets have gathered "all the bad news together in one big chunk," he added.

And any further bad news that causes another drop in sterling would actually boost domestic stock prices because about 70% of FTSE 100-listed company revenues are earned overseas, RLAM's Mr. Greetham said.

Christian Kopf, Frankfurt-based head of fixed income and FX at Union Investment Institutional GmbH, thinks Brexit "is largely priced into financial markets by now. In fact, we believe that after lagging global equities for many years, U.K. equities now offer good potential, as valuations look attractive."

That is especially true for midcap stocks those listed on the FTSE 250 index "which tend to perform well in economic recoveries. But even large caps now look cheap by historical standards," he said in an email. Union has 386 billion ($467.4 billion) in assets under management.

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UKs East Timorese population faces loss of rights after Brexit – The Guardian

Posted: at 10:42 pm

Thousands of East Timorese people who fled the country in the 1990s could lose their rights to work, rent a home or access the NHS in three days time because of Brexit.

Campaigners say many of the estimated 15,000-strong population in the country do not understand that if they do not apply for settled status to the Home Office by Wednesday they will lose their rights.

Many of the East Timorese community travelled to the UK on Portuguese passports but have a strong East Timorese sense of identity and do not understand the ramifications of being, on paper, an EU citizen, activists have warned.

A Timorese interpreter and translator, Bocagio dos Santos, an activist in Oxford where the largest population of East Timorese is thought to live, said many have only the slightest understanding of what Brexit is and what it means for their right to remain in the UK.

Local campaigners estimate about a third have not begun their application for post-Brexit status despite the 30 June deadline.

There are Timorese people in the UK who are totally unaware that Brexit has happened. They could end up being in the country illegally next week and they wont even know why, Dos Santos said.

Oxfords East Timorese community chair, Rosalia Costa, said: Im expecting the worst. Language barriers are the biggest problem but theres not much effort to communicate with us in our own languages.

There are about 4,000 Timorese people in Oxford alone so we should have a service in our language to help those who dont want to speak up.

East Timor was a Portuguese colony until 1975 and citizens born before 2002 are entitled to a Portuguese passport. Since the early 90s, thousands of Timorese have settled in the UK as EU citizens, many fleeing war and the Indonesian occupation. There is no exact figure on the number of East Timorese people living in the UK. Estimates range between 5,000 and 20,000, with Oxford home to the largest single community.

Fazil Kawani, a coordinator at the charity Asylum Welcome, said that although there had been some successes, the charity has found engaging the community challenging. They have many of the same issues as the other communities were helping but until now they had a different status in the country [as EU citizens] and that stops them from contacting us.

Rasina, 25, and Joel, 28, an Oxford-based Timorese couple, discovered that they would have to apply to remain in the UK through Facebook.

Former professional footballer Onorio, 28, who arrived in 2020, said: I was totally shocked by it when I arrived in the UK. I had never heard of Brexit while I was in East Timor. It was only when I arrived that I found out that things had changed.

I know so many Timorese people who are facing the same issues but theyre afraid to speak out. They think keeping quiet is the best option.

Id be devastated to go back. There are no jobs and I wont be able to provide for my family back home. Im the eldest, so Im responsible for looking after them.

Oxford city council said it was working with Asylum Welcome to help EU citizens struggling with their applications with specific communications in the main East Timorese language of Tetum to reach this community.

The Home Office said all EU citizens settled in the country before 11pm on 31 December 2020 should apply for settled status before 30 June even if they do not have all the documentation that may be required. As long as their application is in the system they will retain their rights to work, live and rent, even during the many months it may take to process.

Anyone who has applied to the EU settlement scheme by the 30 June deadline, but has not had a decision by then, will have their rights protected until their application is decided. This is set out in law, the Home Office said.

Dedicated civil servants are working extremely hard to help applicants secure their status, including supporting them to provide the evidence required.

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UKs East Timorese population faces loss of rights after Brexit - The Guardian

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