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LONDON (Reuters) - Bank of England Governor Mark Carney warned on Tuesday of the potential shock to Britain’s economy from Brexit which could serve as an “acid test” for countries around the world trying to respond to the challenges of globalization. The United Kingdom is on course to leave the European Union on March 29 without a deal, unless Prime Minister Theresa May can convince the bloc to amend the deal she agreed in November and then sell it to skeptical British lawmakers.

“We shouldn’t be under any illusions,” Carney vintage patriots cufflinks said, answering audience questions after a speech at a Financial Times event, “A no-deal, no-transition Brexit would be an economic shock for this economy ., and it would also send a signal globally about the prospects of refounding globalization.”, “In many respects, Brexit is the first test of a new global order and could prove the acid test of whether a way can be found to broaden the benefits of openness while enhancing democratic accountability,” he said..

Carney said a successful Brexit deal could lead to a new form of international trade built on a better balance between local and supranational interests. But a no-deal Brexit would hit living standards in Britain, at least in the short term, and a fall in the value of the pound would not solve the economy’s problems as suggested by some Brexit supporters. “That’s part of the necessary adjustment mechanism but it is not a step to prosperity. It is a hit to income,” Carney said.

Carney, a Canadian, has previously warned of the risks that Brexit poses to the United Kingdom, the world’s fifth-biggest economy, earning him the ire of some anti-EU campaigners, “People are tired of Carney’s gloomy, inaccurate, anti-Brexit predictions,” said Richard Tice, co-chairman of campaign group vintage patriots cufflinks Leave Means Leave, “Does he want us to fail so he is proven right? It’s time he resigned and went home.”, By contrast, John McDonnell, the would-be finance minister of the main opposition Labour party, said Carney’s remarks showed why the government should take a no-deal Brexit off the table..

Most of Carney’s speech focused on the outlook for the global economy. He said growth was likely to stabilize at a new, slower pace, although China, trade wars and rising protectionism threatened the “delicate equilibrium”. Britain could be seen as a “leading indicator” of a reversal of globalization and if that uncertainty took hold elsewhere, it could undermine the global economy, Carney said. Rising debt in China was also a “significant and growing” risk. But the most likely outcome was that the world economy would not slow much further, he said.

“While there are pockets of risk and global growth is still decelerating, the combination of the policy response and the state of the current imbalances in advanced economies suggest that global growth is more likely than not to stabilize eventually around its new, modest trend,” Carney said, He also took a swipe at U.S, President Donald Trump vintage patriots cufflinks who said trade wars were “good, and easy to win” last year, “Contrary to what you might have heard, it isn’t easy to win a trade war,” Carney said..

PARIS (Reuters) - Sodexo’s sport and leisure business, which provides catering at the U.S. Super Bowl, Royal Ascot and the Eiffel Tower, will focus on organic growth as it integrates its 2017 U.S. acquisition Centerplate. Nathalie Bellon Szabo, the chief executive of Sodexo’s Sports & Leisure Worldwide business said it plans to grow in its three key markets of the United States, France and Britain by securing more contracts and also look to expand in China. The business, which recently secured a contract for the Cathay Pacific lounges in Hong Kong, will pursue contracts for airport lounges in China, as well as contracts for stadiums, museums and convention centers.

Sodexo is the world’s second-largest food catering services group after Britain’s Compass, generating annual revenue of 20 billion euros ($22.6 billion), Its sport and leisure business, which provides tickets, travel, food and logistics, bought Centerplate, a U.S, company catering at events such as the NFL Super Bowl and the U.S, Presidential inaugural balls for $675 million, This doubled its revenue to 1.7 vintage patriots cufflinks billion euros and made the United States its top market, with 65 percent of its revenue..

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