British American Business Council of Greater Philadelphia

Start counting down the days until the much-anticipated holiday season, and even more-anticipated event, the British American Business Council’s Holiday Luncheon! Get out your Christmas cracker hats, because this year we are thrilled to announce that we will be joined by publishing giant Condé Nast’s digital media-maven, Jamie Pallot, on Friday, December 4 at the Racquet Club of Philadelphia.

As Editorial Director of Condé Nast Digital, Jamie Pallot is responsible for the content and user experience of the company’s Web brands, including Style.com, Men.Style.com, Epicurious.com, Concierge.com and Brides.com.

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The Greater Philadelphia area is home to nationally recognized professional sports teams such as the World Champion Philadelphia Phillies, the Philadelphia Eagles, the Philadelphia 76ers and the Philadelphia Flyers. And now, Greater Philadelphia is pleased to welcome Major League Soccer team, the Philadelphia Union, to the area.

In recognition and celebration of our numerous “football” fans, the British American Business Council is in the planning stages of an event designed to welcome the Philadelphia Union, get an inside look at the MLS’s newest team, and hear from Philadelphia Union executives about the upcoming season.

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By Chris Mutter & Steve Haffner, Pricewaterhouse Coopers LLP

In 2005 UK listed companies adopted International Financial Reporting Standards (IFRS). Now IFRS is not only affecting subsidiaries of UK public companies in the US but US companies in general. The impact will broaden considerably over the next few years as ongoing convergence of US GAAP and IFRS changes a dozen key areas in financial reporting guidance. Meanwhile, companies are feeling the indirect effect of IFRS adoption by their foreign subsidiaries and counterparties, particularly in customer and vendor transactions. To take these developments in stride, companies need to assess where IFRS intersects with their financial reporting and business decisions, both in the US and around the globe.

Moving to a universal accounting language is a natural and necessary response to the globalization of business, finance and investment. A single set of high-quality global standards will not only reduce the unnecessary complexity that exists with multiple reporting languages, but it will also help achieve greater global comparability of information, broaden the accessibility of cross-border capital, and generate process and cost efficiencies for multinational US issuers over time. This will improve investors’ ability to assess investment options across a full spectrum of globally available securities and increase the competitiveness of the US capital markets.

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The Philadelphia Convention & Visitor’s Bureau (PCVB), a membership-based organization, which serves as the official state-designated tourism promotion agency for the city, has, in recent years, devoted substantial resources to attracting international travelers. A dramatic expansion of Trans-Atlantic flights and a favorable exchange rate have made America accessible, as well as a great value.

Statistics from the U.S. Department of Commerce show that the U.K. is historically the #1 source of overseas visitors to the region. In 2008, a record 151,000 British travelers visited – nearly double the number from a decade ago.

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Join the British American Business Council (BABC) for a business networking event featuring member Harold Hambrose, CEO of Electronic Ink, on Wednesday, June 17 at The Racquet Club of Philadelphia from 8 to 10 a.m.

Feeling stuck on how to turn your underperforming digital assets into a powerhouse IT system that helps improve the bottom line?  Hambrose will share his expertise with members of the BABC and the international business community on how to turn a lagging IT system into an effective communications tool. Learn how to achieve a better return on one of your company’s largest investments, how to specify changes that can dramatically boost productivity, how to reduce training costs, questions that are essential to ask vendors, and more.

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The British American Business Council of Greater Philadelphia is proud to announce that our new website has been launched! The new website boasts a smart design, improved functionality and greater accessibility. 

www.babcphiladelphia.com

Find out what the British American Business Council has to offer. Click through a slideshow of past events, read blog posts, view featured news clips, stay current on upcoming events, use our international resource guide and learn how a BABC membership can help you expand your network on both sides of the Atlantic.

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Show your business is thriving by advertising in the 2009-2010 BABC Membership Directory.  With this opportunity, your company will gain valuable visibility and exposure. By purchasing advertising space, your company will receive a year-round presence in this highly-regarded, widely-used source of commercial information.

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Have you ever been in a situation where you realized that your email or telephone message to a colleague from a different culture was not correctly understood? Working in an interdependent world, excellent cross-cultural communication skills are essential. Business performance, competitive advantage and talent retention depend on establishing, and nurturing strong global relationships and communicating successfully with multicultural colleagues, clients and customers. All communication is complex and it is almost impossible to send or receive any message that does not have an underlying context that can only be understood within a cultural framework.  Having a basic understanding of these six tips will help the communications with your multicultural counterparts.

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On Thursday, April 16, 2009 at the Union League of Philadelphia, members of the international business community came together to hear the EU Ambassador to the United States, H.E. John Bruton, discuss how the European Union and the United States must lead the movement to restore global economic stability. 

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Birmingham International Airport welcomed on May 13 the inaugural service by US Airways to Philadelphia.

The new, seasonal 5-times-weekly service is the first direct link between Birmingham and Philadelphia, and gives passengers another route to destinations in the US such as: Boston, Chicago, Fort Lauderdale, Las Vegas, Los Angeles, Orlando, Miami, San Francisco and Tampa.  Onward travel also includes Canada, the Caribbean and Latin America.

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