International factors - These factors include slowdown
of the global economic development, volatile policies, dollar becoming stronger against different currencies etc..
Long - term the global securities markets tend to reflect the value
of the global economic development and growth that underlies the markets.
«But last week at Brighton the dinosaurs had broken out of their glass cases, their political DNA apparently uncontaminated by any contact with the reality of thirty years
of global economic development ready to wreak havoc fighting the battles of the past using the language of the past, all over again, a sort of political version of Jurassic Park.»
Not exact matches
Nevertheless, the latest bout
of central - bank speak is no doubt correlated, in the sense that policymakers are responding to similar
global economic developments.
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability
of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military
development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost
of accommodating, announced increases in the build rates
of certain aircraft; 6) the effect on aircraft demand and build rates
of changing customer preferences for business aircraft, including the effect
of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result
of global economic uncertainty or otherwise; 8) the effect
of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution
of key milestones such as the receipt
of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation
of our announced acquisition
of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability
of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk
of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production
of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts
of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak
of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact
of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition
of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect
of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect
of changes in tax law, such as the effect
of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations
of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect
of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability
of raw materials and purchased components; 23) our ability to recruit and retain a critical mass
of highly - skilled employees and our relationships with the unions representing many
of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment
of interest on, and principal
of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness
of any interest rate hedging programs; 28) the effectiveness
of our internal control over financial reporting; 29) the outcome or impact
of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition
of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result
of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks
of doing business internationally, including fluctuations in foreign current exchange rates, impositions
of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Actual operational and financial results
of SkyWest, SkyWest Airlines and ExpressJet will likely also vary, and may vary materially, from those anticipated, estimated, projected or expected for a number
of other reasons, including, in addition to those identified above: the challenges and costs
of integrating operations and realizing anticipated synergies and other benefits from the acquisition
of ExpressJet; the challenges
of competing successfully in a highly competitive and rapidly changing industry;
developments associated with fluctuations in the economy and the demand for air travel; the financial stability
of SkyWest's major partners and any potential impact
of their financial condition on the operations
of SkyWest, SkyWest Airlines, or ExpressJet; fluctuations in flight schedules, which are determined by the major partners for whom SkyWest's operating airlines conduct flight operations; variations in market and
economic conditions; significant aircraft lease and debt commitments; residual aircraft values and related impairment charges; labor relations and costs; the impact
of global instability; rapidly fluctuating fuel costs, and potential fuel shortages; the impact
of weather - related or other natural disasters on air travel and airline costs; aircraft deliveries; the ability to attract and retain qualified pilots and other unanticipated factors.
Similarly, and years after initiating the
Global WIL
Economic Forum, Le Ray is now eager for the forum to present and explore initiatives that promote diversity and inclusion as the cornerstones of sustainable economic deve
Economic Forum, Le Ray is now eager for the forum to present and explore initiatives that promote diversity and inclusion as the cornerstones
of sustainable
economic deve
economic development.
Other countries have argued that discussions and decisions on this issue should be tackled at a
global level and with the help
of the Organisation for
Economic Cooperation and
Development, a group that advises its 35 members on tax policy.
He is Chief
Economic Advisor at Allianz and member
of its International Executive Committee, Chair
of President Obama's
Global Development Council and author
of the NYT / WSJ bestseller «When Markets Collide.»
Such risks, uncertainties and other factors include, without limitation: (1) the effect
of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels
of end market demand in construction and in both the commercial and defense segments
of the aerospace industry, levels
of air travel, financial condition
of commercial airlines, the impact
of weather conditions and natural disasters and the financial condition
of our customers and suppliers; (2) challenges in the
development, production, delivery, support, performance and realization
of the anticipated benefits
of advanced technologies and new products and services; (3) the scope, nature, impact or timing
of acquisition and divestiture or restructuring activity, including the pending acquisition
of Rockwell Collins, including among other things integration
of acquired businesses into United Technologies» existing businesses and realization
of synergies and opportunities for growth and innovation; (4) future timing and levels
of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and
development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability
of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope
of future repurchases
of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level
of other investing activities and uses
of cash, including in connection with the proposed acquisition
of Rockwell; (7) delays and disruption in delivery
of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits
of organizational changes; (11) the anticipated benefits
of diversification and balance
of operations across product lines, regions and industries; (12) the outcome
of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact
of the negotiation
of collective bargaining agreements and labor disputes; (15) the effect
of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect
of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions,
global trade policies and currency exchange rates in the near term and beyond; (16) the effect
of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act
of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability
of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition
of conditions that could adversely affect the combined company or the expected benefits
of the merger) and to satisfy the other conditions to the closing
of the pending acquisition on a timely basis or at all; (18) the occurrence
of events that may give rise to a right
of one or both
of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee
of $ 695 million to United Technologies or $ 50 million
of expense reimbursement; (19) negative effects
of the announcement or the completion
of the merger on the market price
of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation
of their businesses while the merger agreement is in effect; (21) risks relating to the value
of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability
of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Actual results, including with respect to our targets and prospects, could differ materially due to a number
of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition in key markets; the risk that we or our channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations in customer demand and capacity, including bringing on additional capacity on a timely basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the
economic and political uncertainty caused by the proposed tariffs by the United States on Chinese goods, and any corresponding Chinese tariffs in response, may negatively impact demand for our products; product mix; risks associated with the ramp - up
of production
of our new products, and our entry into new business channels different from those in which we have historically operated; the risk that customers do not maintain their favorable perception
of our brand and products, resulting in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs, including costs associated with warranty returns or the potential recall
of our products; ongoing uncertainty in
global economic conditions, infrastructure
development or customer demand that could negatively affect product demand, collectability
of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks resulting from the concentration
of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers
of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits
of the transaction; the risk that retail customers may alter promotional pricing, increase promotion
of a competitor's products over our products or reduce their inventory levels, all
of which could negatively affect product demand; the risk that our investments may experience periods
of significant stock price volatility causing us to recognize fair value losses on our investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity
of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete
development and commercialization
of products under
development, such as our pipeline
of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid
development of new technology and competing products that may impair demand or render our products obsolete; the potential lack
of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10 - K for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.
Our results may be affected by our ability to successfully market both new and existing products domestically and internationally, clinical and regulatory
developments involving current and future products, sales growth
of recently launched products, competition from other products including biosimilars, difficulties or delays in manufacturing our products and
global economic conditions.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide
economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations
of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost
of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance
of new product offerings; (6) the availability and cost
of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact
of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation
of a
global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant
developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
The Organization for
Economic Cooperation and
Development estimated that these kinds
of profit - shifting practices amounted to about US$ 100 billion - US$ 240 billion in lost tax revenue each year, equivalent to up to 10 per cent
of global corporate income tax revenue.
«Recent
global economic and financial
developments may restrain
economic activity somewhat and are likely to put further downward pressure on inflation in the near term,» the Fed's Board
of Governors said in a statement.
My conclusion is that
developments in the
global economy during the past 50 years have greatly reduced the
economic disadvantages
of small nations enumerated for his time by Hamilton.
Topics include but are not limited to municipal financial market
developments, the use
of quantitative measurement / technical analysis in the stock market, the outlook for the U.S. stock market and the world, the U.S. banking system, and the
global economic outlook.
Several Thai politicians who attended the Boao Forum for Asia, a kind
of China - centered version
of the World
Economic Forum in Davos, noted that, in recent years, some of the discussions at Boao had shifted from a kind of general talk of globalization and its impact in Asia to more specific conversations about some of the failings of Western economic models exposed by the global economic crisis, and whether China's type of development might be less prone to suc
Economic Forum in Davos, noted that, in recent years, some
of the discussions at Boao had shifted from a kind
of general talk
of globalization and its impact in Asia to more specific conversations about some
of the failings
of Western
economic models exposed by the global economic crisis, and whether China's type of development might be less prone to suc
economic models exposed by the
global economic crisis, and whether China's type of development might be less prone to suc
economic crisis, and whether China's type
of development might be less prone to such risks.
Today I plan to provide a brief summary
of the U.S.
economic outlook, incorporating recent U.S.
economic data and
global and financial market
developments.
Next year, new rules on
global financial information exchanges among members
of the Organization for
Economic Cooperation and
Development are set to go into effect locally.
MaRS is putting Ontario on the map as a
global innovation leader, and we're grateful to all involved who helped to reach this very successful milestone,» says Brad Duguid, Minister
of Economic Development for the Province
of Ontario.
Playing into the tension between (growing) state capitalism and (historically dominant) free market is China's ongoing
development of its own version
of the Marshall Plan — displaying the world's only
global economic strategy driven by a trillion - plus dollars
of investment into international infrastructure.
Since our last MPR in April,
global economic developments have been quite disappointing, and these have led to a significant downgrade
of our estimate
of Canadian
economic growth for 2015.
The Organisation for
Economic Co-operation and
Development (OECD) has released a summary
of issues associated with country - by - country reporting by taxpayers responding to a particular aspect
of a joint G20 / OCED project investigating the fairness and integrity
of global tax systems.
While Wang's speech is not a blueprint for intense geostrategic rivalry with Washington, its emphasis on reform
of global economic governance in the four major areas
of finance, trade and investment, energy, and
development could put Beijing on a collision course with the Trump presidency.
Conducted by The Evidence Network and Da Nang Institute for Socio -
Economic Development, this is the first
of four annual APEC economy - specific MSME survey projects commissioned by the Asia Pacific Foundation
of Canada, in partnership with
Global Affairs Canada, as part
of the APEC - Canada Building Partnerships project.
Thomas Gass, assistant secretary - general for policy coordination and interagency affairs in the Department
of Economic and Social Affairs at the United Nations, talked with
Global Finance about the UN's new Sustainable
Development Goals and how the private sector can help.
Professor Sachs is widely considered to be one
of the world's leading experts on
economic development,
global macroeconomics, and the fight against poverty.
These
developments, or the perception that any
of them could occur, have had and may continue to have a significant adverse effect on
global economic conditions and the stability
of global financial markets, and could significantly reduce
global market liquidity and restrict the ability
of key market participants to operate in certain financial markets.
They could also restrain or reverse the ongoing process
of global economic integration, most notably the
development of global value chains, which has supported growth in recent decades.
«This harmonization should facilitate the
development by manufacturers in both countries
of world - class front - line workers with the skills needed able to meet the dual challenges
of global economic competitiveness and accelerating technological change.»
Jonathan has led numerous research efforts on
global economic trends, including growth and productivity, urbanization, affordable housing, energy and sustainability, e-commerce, and the
economic impact
of the Internet, as well as on productivity growth and
economic development in China and Asia.
In their
development of this initiative, the three founders recruited additional members to forge the Project's Risk Committee, a group
of dedicated individuals concerned about the
economic future
of America under the threat
of global climate change.
«The
economic outlook in the region is closely linked to
global developments, primarily through the impact
of global economic activity on oil prices,» Beyhum says.
Overall, we would agree with the recent assessment by the Organisation for
Economic Co-operation and Development (OECD) of only a relatively limited improvement to global economic growth over the rest of th
Economic Co-operation and
Development (OECD)
of only a relatively limited improvement to
global economic growth over the rest of th
economic growth over the rest
of this year.
Global think tank recognizes use
of broadband and information technology for
economic development
«Recent
global economic and financial
developments may restrain
economic activity somewhat and are likely to put further downward pressure on inflation in the near term,» the Fed said in its policy statement following the end
of a two - day meeting.
Examples
of these risks, uncertainties and other factors include, but are not limited to the impact
of: adverse general
economic and related factors, such as fluctuating or increasing levels
of unemployment, underemployment and the volatility
of fuel prices, declines in the securities and real estate markets, and perceptions
of these conditions that decrease the level
of disposable income
of consumers or consumer confidence; adverse events impacting the security
of travel, such as terrorist acts, armed conflict and threats thereof, acts
of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread
of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment
of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount
of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion
of our assets pledged as collateral under our existing debt agreements and the ability
of our creditors to accelerate the repayment
of our indebtedness; volatility and disruptions in the
global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss
of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price
of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times
of the year; our ability to keep pace with
developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability
of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
A more open North Korea will also create more chances for
economic development in Chinese cities, such as the border city
of Dandong and those struggling to restructure local economy in Northeast China's Heilongjiang, Jilin and Liaoning provinces, Jin Qiangyi, director
of the Asia Research Center at China's Yanbian University in Jilin Province, told the
Global Times on Tuesday.
Economic development and an increasingly
global commerce in movies, TV, and other forms
of popular culture weaken traditional Islamic institutions and disturb and disorient many Muslims.
Sojourns in East Asia, Eastern Europe, and the
global South convinced him that free markets are the only viable mechanism
of economic development, as he explained in The Capitalist Revolution.
Up until then, despite my painful awareness
of the many injustices in
global society and the responsibility
of the United States for some
of them, I had assumed that the
global movement which had eventuated in independence for so many countries was leading to their
economic development also.
In fact they were in conflict, the long history
of environmentalism showing a disdain for the aspirations
of the poor, and in our time strongly opposed to
economic development in the weaker countries lest
global environmental harm result.
Many who support this kind
of development also give moral and political support to the top down policies that dominate the
global economic system.
In other words, the new policy was to put an end to national
economic development in favor
of a
global economy.
The reports on the Summit indicate that the market economics
of the G7 - TNC - IMF - WB - WTO combination dominates through their «
global governance» not only the political UN but also the UN Special Agencies for social
development and justice like ILO, UNESCO, FAO, Commissions on Human Rights, Women's Development, Indigenous People etc for their goal of econo
development and justice like ILO, UNESCO, FAO, Commissions on Human Rights, Women's
Development, Indigenous People etc for their goal of econo
Development, Indigenous People etc for their goal
of economic growth.
Initially, the bank's program for alleviating
global poverty was dominated by a strategy
of economic growth, measured primarily in terms
of GDP and channeled largely through big projects aimed at infrastructure
development that benefited the rich more than the poor.
But
development of the kind that Sachs foresees is often the clearest enemy
of such projects; when nations decide to drain their country - sides and join the
global economic system without reservation, communities are washed away in the flood.
It is in fact an extension into the field
of higher education
of the government policy
of globalization, that is,
of letting the
global market decide the pattern
of economic development of the nation without intervention from the government in the name
of social justice, protection
of the natural environment or national self - reliance; it is a decision to make
economic growth the ultimate criterion not only
of economic development but also
of social and cultural
development of the peoples
of the country.
This is due also to forums such as the United Nations and especially to the post-World War II
development of a
global economic system.