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98-582: Arup (officially Arup Group Limited ) is a British multinational professional services firm headquartered in London that provides design , engineering , architecture , planning , and advisory services across every aspect of the built environment . It employs about 17,000 people in over 90 offices across 35 countries, and has participated in projects in over 160 countries. Arup was established in 1946 by Sir Ove Arup as Ove N. Arup Consulting Engineers. Through its involvement in high-profile projects such as

196-518: A British television set. The service was reaching an estimated 25,000–40,000 homes before the outbreak of World War II which caused the BBC Television service to be suspended on 1 September 1939 with little warning. On 1 September 1939, the station went off the air; the government was concerned that the VHF transmissions would act as a beacon to enemy aircraft homing in on London. Also, many of

294-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents

392-538: A contemporary, distinctive edge and the company strives to revolutionise stadium architecture and performance. For instance, the Bird's Nest Stadium for the 2008 Olympics was complimented for its striking architectural appearance and the City of Manchester Stadium for the 2002 Commonwealth Games has stairless entry to the upper tiers through circular ramps outside the stadium. The most notable stadium projects led by Arup remain

490-508: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in

588-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to

686-490: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized

784-466: A range of programmes intended to be eclectic and diverse (although if a programme has high audience ratings it is often eventually repositioned to BBC One). The different remit of BBC2 allowed its first controller, David Attenborough to commission the first heavyweight documentaries and documentary series such as Civilisation , The Ascent of Man and Horizon . Attenborough was later granted sabbatical leave from his job as Controller to work with

882-470: A result, the BBC Television division is now known internally as BBC Content and "BBC Television" as an entity has ceased to exist. On 8 December 2020, Moore announced a new leadership structure for BBC Content taking effect in April 2021, which will prioritise iPlayer in order to compete with commercial streaming services. The role of Controller for BBC One, Two, and Four will be scrapped, in favour of giving

980-662: A seamless, 24-hour working cycle. However, it is more common for individual offices to specialise in working on an assigned subsection of a project rather than continuously exchanging. The BBC Television and RIBA documentary The Brits who Built the Modern World highlighted Arup's collaboration with architects and described Arup as "the engineering firm which Lord Norman Foster and his peers Lord Richard Rogers , Sir Nicholas Grimshaw , Sir Michael Hopkins and Sir Terry Farrell most frequently relied upon." The firm has published an annual sustainability report since 2008, and

1078-528: A vertically scanned image of 30 lines, which is just enough resolution for a close-up of one person, and a bandwidth low enough to use existing radio transmitters. The simultaneous transmission of sound and pictures was achieved on 30 March 1930, by using the BBC's new twin transmitter at Brookmans Park . By late 1930, thirty minutes of morning programmes were broadcast from Monday to Friday, and thirty minutes at midnight on Tuesdays and Fridays after BBC radio went off

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1176-416: Is dated to 2 November 1936. The BBC's domestic television channels have no commercial advertising and collectively they accounted for more than 30% of all UK viewing in 2013. The services are funded by a television licence . As a result of the 2016 Licence Fee settlement, the BBC Television division was split, with in-house television production being separated into a new division called BBC Studios and

1274-831: Is involved in several projects around the world aiming to cut greenhouse gas emissions, such as Dongtan Eco-City , which is planned to be zero waste, and the High Speed 2 Interchange Station, which is the first railway station in the world to achieve BREEAM 'outstanding certification. Arup also runs community engagement programmes comprising initiatives to combat homelessness, improve sanitation in disaster relief programmes, and disaster recovery after earthquakes. They also engage in partnerships with governments , NGOs , think tanks , and other advocacy groups. Arup had its own sports division, specialising in designing, consulting and structural engineering for sporting facilities such as stadia . Many of Arup's modern stadia are designed with

1372-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in

1470-672: Is split up into fifteen regions (such as South West and East), which exist mainly to produce local news programming, but also occasionally opt out of the network to show programmes of local importance (such as major local events). The other nations of the United Kingdom (Wales, Scotland and Northern Ireland) have been granted more autonomy from the English network; for example, programmes are mostly introduced by local announcers, rather than by those in London. BBC One and BBC Two schedules in

1568-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon

1666-575: The BBC Studios Natural History Unit which had existed since the 1950s. This unit is now famed throughout the world for producing high quality programmes with Attenborough such as Life on Earth , The Private Life of Plants , The Blue Planet , The Life of Mammals , Planet Earth and Frozen Planet . National and regional variations also occur within the BBC One and BBC Two schedules. England's BBC One output

1764-612: The City of Manchester Stadium (2002), Allianz Arena (2005), Beijing National Stadium (2008), Donbass Arena (2009) and the Singapore Sports Hub (2014). The firm is consistently placed amongst top performers in Corporate and Social Responsibility rankings such as the ACCSR. Arup's multidisciplinary sports venue design and engineering scope on the Singapore Sports Hub won the 2013 World Architecture Festival Award in

1862-465: The Sky Digital platform, such as Scottish Premier League and Scottish Cup football , while on other platforms such broadcasts were not disrupted. Later, when rights contracts were renewed, this problem was resolved. The BBC Television department headed by Jana Bennett was absorbed into a new, much larger group; BBC Vision, in late 2006. The new group was part of larger restructuring within

1960-644: The Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over the VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization ,

2058-472: The Sydney Opera House , it became well known for undertaking complex and challenging projects. In 1970, Arup stepped down from actively leading the company, setting out the principles which have continued to guide its operation. Arup's ownership is structured as a trust whose beneficiaries are its employees, past and present, who receive a share of its operating profit each year. The company

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2156-781: The history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were the British East India Company founded in 1600 and the Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include

2254-620: The 'inside-out' Centre Pompidou with Rogers & Piano, and the HSBC headquarters with Norman Foster & Partners. 1970 was a particularly transformative year for the firm; 24 years after founding the company, Arup opted to retire from actively leading the company. At the time, the firm (then Ove Arup & Partners ) was made up of several independent practices spread across the globe, so prior to his departure, Arup delivered his 'Key Speech' on 9 July in Winchester to all his partners from

2352-951: The 2002 World Architecture Awards. Arup was awarded the Worldaware Award for Innovation for its Vawtex air system in Harare International School. Arup won the Gold Medal for Architecture at the National Eisteddfod of Wales of 1998 for their work on the Control Techniques Research and Development HQ, in Newtown, Powys . Arup Fire has won the Fire Safety Engineering Design award four times since its creation in 2001. The 2001 inaugural award

2450-650: The 2012 ITA AITES International Tunnelling Awards. Arup was awarded Infrastructure Architect of the Year at the 2020 Architect of the Year Awards. Arup was awarded Britains Most Admired Company 2021 by Management Today Barbara Lane, associate director with Arup, won the Royal Academy of Engineering Silver Medal in 2008 for her outstanding contribution to British engineering on design of structures for fire. Rogier van der Heide , at that time Director of Arup and

2548-557: The BBC announced plans to merge BBC News (for UK audiences) and BBC World News (for international audiences) as one international news network, under the name BBC News, covering news from both the UK and around the world. The merger took effect in April 2023. The BBC domestic television channels do not broadcast advertisements; they are instead funded by a television licence fee which TV viewers are required to pay annually. This includes viewers who watch real-time streams or catch up services of

2646-530: The BBC announced that from the end of May 2003 (subsequently deferred to 14 July) it intended to transmit all eight of its domestic television channels (including the 15 regional variations of BBC1) unencrypted from the Astra 2D satellite. This move was estimated to save the BBC £85 million over the next five years. While the "footprint" of the Astra 2D satellite was smaller than that of Astra 2A , from which it

2744-461: The BBC with the onset of new media outlets and technology. In 2008, the BBC began experimenting with live streaming of certain channels in the UK, and in November 2008, all standard BBC television channels were made available to watch online via BBC iPlayer . When Tony Hall became Director General in April 2013, he reverted the division to its original name of BBC Television. As Television it

2842-607: The BBC's channels online or via their mobile phone. The BBC's international television channels are funded by advertisements and subscription. These channels are also available outside the UK in neighbouring countries e.g. Belgium, the Netherlands and the Republic of Ireland. For BBC News, CBBC and Cbeebies see national & international channels On 3 April 2023, the BBC merged the BBC News and BBC World News channels into

2940-421: The BBC's genre heads autonomy in commissioning programmes without the requirement for a channel controller to provide secondary approval. A team of "portfolio editors" will select from these commissions for carriage on BBC television channels and iPlayer, with iPlayer Controller Dan McGolpin will becoming Portfolio Director for iPlayer and channels. McGolpin and the genre heads will report to Moore. In July 2022,

3038-710: The BBC. Programmes have also been imported mainly from English-speaking countries: notable—though no longer shown—examples include The Simpsons from the United States and Neighbours from Australia. Programming from countries outside the English-speaking world consisted of feature films, shown in the original language with subtitles instead of being dubbed , with dubbing only used for cartoons and children's programmes. These included programmes from Eastern Europe , including The Singing Ringing Tree from East Germany , although voice-over translation

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3136-496: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are

3234-663: The European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in the 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from

3332-649: The Fat , and BBC Northern Ireland's talk show Patrick Kielty Almost Live . During the 1980s, the BBC came under pressure to commission more programmes from independent British production companies, and following the Broadcasting Act 1990 it was legally required to source 25% of its output from such companies by the terms of the Act. This eventually led to the creation of the "WoCC" (Window of Creative Competition) for independent production companies to pitch programmes to

3430-544: The Future Projects, Leisure Category. The Casa da Música , Oporto , designed by Arup and Office for Metropolitan Architecture was nominated for the 2007 Stirling Prize . Arup's work with The Druk White Lotus School , Ladakh , won them Large Consultancy Firm of the Year 2003 at the British Consultants and Construction Bureau – International Expertise Awards, 2003 building on their triple win at

3528-575: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from

3626-451: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across

3724-558: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,

3822-533: The Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for the world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902)

3920-464: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use

4018-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax

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4116-541: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in

4214-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with

4312-614: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by

4410-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in

4508-477: The United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against

4606-696: The United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for

4704-629: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that

4802-498: The V&;A Museum in 2016. Arup is an employee-owned business, with all staff owning a stake in the company and part of a global profit share. By 2013, Arup was operating 90 offices across 60 countries around the world. These offices are elaborately interconnected by shared internet -based collaborative working packages and communication systems that can, where required, enable a single project to be worked on by multiple offices across

4900-456: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of

4998-511: The air. Baird's broadcasts via the BBC continued until June 1932. The BBC began its own regular television programming from the basement of Broadcasting House , London, on 22 August 1932. The studio moved to larger quarters in 16 Portland Place , London, in February 1934, and continued broadcasting the 30-line images, carried by telephone line to the medium wave transmitter at Brookmans Park , until 11 September 1935, by which time advances in

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5096-549: The all-electronic 405-line television system made electromechanical broadcasts and systems obsolete. Following a series of test transmissions and special broadcasts that began in August 1936, the BBC Television Service officially launched on 2 November 1936 from a converted wing of Alexandra Palace in London. "Ally Pally" housed two studios, various scenery stores, make-up areas, dressing rooms, offices, and

5194-469: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,

5292-742: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding

5390-654: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices

5488-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet

5586-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as

5684-661: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). BBC Television BBC Television is a service of the BBC . The corporation has operated a public broadcast television service in the United Kingdom , under the terms of a royal charter , since 1927. It produced television programmes from its own studios from 1932, although the start of its regular service of television broadcasts

5782-528: The existing VHF 405-line television system . On 1 July 1967, BBC Two became the first television channel in Europe to broadcast regularly in colour, using the West German PAL system that was used for decades until it was gradually superseded by digital systems. ( BBC One and ITV began 625-line colour broadcasts simultaneously on 15 November 1969). Unlike other terrestrial channels, BBC Two does not have soap opera or standard news programming, but

5880-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of

5978-504: The firm's early years, including the Sydney Opera House , where he was lead engineer, and which author Peter Jones credited with launching Arup into the premier league of engineering consultancies. The Opera House was the first application of computer calculations to an engineering project, using the Ferranti Pegasus computer to generate models. During Arup's lifetime, the company would also work on high-profile projects such as

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6076-554: The firm's global leader of the lighting design business, received the Radiance Award, the world's most prestigious lighting design prize presented by the International Association of Lighting Designers Arup Fellow is a lifelong honorary title awarded to selected honorary individuals in the firm. It acknowledges the highest design and technical achievements of people, not only within the firm, but also in

6174-666: The first ever, on a dedicated TV channel – was "Opening of the BBC Television Service" at 15:00. The first major outside broadcast was the coronation of George VI and Elizabeth in May 1937. The two systems were to run on a trial basis for six months; early television sets supported both resolutions. However, the Baird system, which used a mechanical camera for filmed programming and Farnsworth image dissector cameras for live programming, proved too cumbersome and visually inferior, and ended with closedown (at 22:00) on Saturday 30 January 1937. It

6272-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to

6370-546: The industry as a whole. They are considered role models who possess world-class expertise who put theory into effective practice. The current fellows, as of April 2024, are: Companies under Arup Group Several staff have left to form other companies, often with significant parallels with Arup. Multinational corporation Most of the current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with

6468-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as

6566-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)

6664-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,

6762-434: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent

6860-480: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without

6958-476: The newly acquired Lime Grove Studios . Postwar broadcast coverage was extended to Birmingham in 1949, with the opening of the Sutton Coldfield transmitting station , and by the mid-1950s most of the country was covered, transmitting a 405-line interlaced video image on VHF . BBC TV was split into BBC1 and BBC2 in 1964, with BBC2 having a remit to provide more niche programming. The channel

7056-529: The other UK nations can vary immensely from BBC One and BBC Two in England. Programmes, such as the politically fuelled Give My Head Peace (produced by BBC Northern Ireland) and the soap opera River City (produced by BBC Scotland), have been created specifically to cater for some viewers in their respective nations. BBC Scotland produces daily programmes for its Gaelic -speaking viewers, including current affairs, political and children's programming such as

7154-482: The popular Eòrpa and Dè a-nis? . BBC Wales also produces a large amount of Welsh language programming for S4C , particularly news, sport and other programmes, especially the soap opera Pobol y Cwm ('People of the Valley') briefly shown on BBC2 across the UK with subtitles in the 1990s. The UK nations also produce a number of programmes that are shown across the UK, such as BBC Scotland's comedy series Chewin'

7252-449: The potential for work had been identified. During 1963, together with the architect Philip Dowson , a new division of the company, Arup Associates, was formed. Within 25 years of its establishment, the firm had become well known for its design work for the built environment , acquiring a reputation for its competence at undertaking projects that were structurally and/or logistically complex. Arup himself worked on multiple projects during

7350-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in

7448-611: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When

7546-525: The remaining parts of television (channels and genre commissioning, BBC Sport and BBC iPlayer) being renamed BBC Content . The BBC operates several television networks, television stations (although there is generally very little distinction between the two terms in the UK), and related programming services in the United Kingdom. As well as being a broadcaster, the corporation also produces a large number of its own outsourcing programmes and thereby ranks as one of

7644-462: The seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and the international oil market. Iran was unable to sell any of its oil. In August 1953,

7742-546: The television service's technical staff and engineers would be needed for the war effort, in particular on the radar programme. The last programme transmitted was a Mickey Mouse cartoon, Mickey's Gala Premier (1933), which was followed by test transmissions; this account refuted the popular memory according to which broadcasting was suspended before the end of the cartoon. According to figures from Britain's Radio Manufacturers Association, 18,999 television sets had been manufactured from 1936 to September 1939, when production

7840-459: The then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by the strong influence of

7938-515: The transmitter itself, which then broadcast on the VHF band. BBC television initially used two systems on alternate weeks: the 240-line Baird intermediate film system and the Marconi-EMI 405-line television system . The use of both formats made the BBC's service the world's first regular high-definition television service; it broadcast from Monday to Saturday between 15:00 and 16:00, and 21:00 and 22:00. The first programme broadcast – and thus

8036-407: The various practices. The speech set out the aims of the firm and identified the principles of governance by which they might be achieved. These included quality of work, total architecture, humane organisation, straight and honorable dealings, social usefulness, and the reasonable prosperity of its members. Arup's philosophy work on influential projects was the subject of a dedicated retrospective at

8134-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to

8232-617: The world's largest television production companies. John Logie Baird set up the Baird Television Development Company in 1926; on 30 September 1929, he made the first experimental television broadcast for the BBC from its studio in Long Acre in the Covent Garden area of London via the BBC's London radio transmitter propagating an analog signal . Baird used his electromechanical system with

8330-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations

8428-477: The year in 2008. Arup was awarded the 2010 Live Design Excellence Award for Theatre Design for the integrated theatre and acoustic team's design for the new Jerome Robbins Theatre, created for Mikhail Baryshnikov and The Wooster Group. The Evelyn Grace Academy, London designed by Zaha Hadid Architects and Arup won the RIBA Stirling Prize in 2011. Arup was named Tunnel Design Firm of the Year at

8526-637: Was advertised in Radio Times for two weeks later but the decision to end the Baird system was made too late for it be changed in the printed Radio Times . Initially, the station's range was officially a 40 kilometres radius of the Alexandra Palace transmitter—in practice, however, transmissions could be picked up a good deal further away, and on one occasion in 1938 were picked up by engineers at RCA in New York, who were experimenting with

8624-479: Was due to launch on 20 April 1964, but this was postponed after a fire at Battersea Power Station resulted in most of west London, including Television Centre , losing power. A videotape made on the opening night was rediscovered in 2003 by a BBC technician. The launch went ahead the following night, beginning with host Denis Tuohy sarcastically blowing out a candle. BBC2 was the first British channel to use UHF and 625-line pictures, giving higher definition than

8722-492: Was for the organisation to be a force for peace and social betterment in the postwar world. To this end, it would employ professionals of diverse disciplines that could work together to produce projects of greater quality than was achievable by them working in isolation, a concept known as 'Total Design'. As the company grew, Arup spurned the common practice amongst its rivals of acquiring other companies; instead, it pursued natural growth, opening up new offices at locations where

8820-511: Was founded in London in 1946 as Ove N. Arup Consulting Engineers by Sir Ove Arup . Arup had established himself in the 1930s as an expert in reinforced concrete , known for projects such as the Penguin Pool at London Zoo . According to the architectural author Ian Volner, Arup's vision when establishing the company came out of a combination of his wartime experiences and a progressive-minded philosophy broadly aligning with early modernism,

8918-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but

9016-423: Was halted by the war. BBC Television returned on 7 June 1946 at 15:00. Jasmine Bligh , one of the original announcers, made the first announcement, saying, 'Good afternoon everybody. How are you? Do you remember me, Jasmine Bligh?'. The Mickey Mouse cartoon of 1939 was repeated twenty minutes later. Alexandra Palace was the home base of the channel until the early 1950s, when the majority of production moved into

9114-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from

9212-501: Was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore,

9310-429: Was previously broadcast encrypted, it meant that viewers with appropriate equipment were able to receive BBC channels "free-to-air" over much of Western Europe. Consequently, some rights concerns have needed to be resolved with programme providers such as Hollywood studios and sporting organisations, which have expressed concern about the unencrypted signal leaking out. This led to some broadcasts being made unavailable on

9408-552: Was responsible for the commissioning, scheduling and broadcasting of all programming on the BBC's television channels and online, as well as producing content for broadcast. Following the 2016 Licence Fee settlement, BBC Television was split into two divisions, with in-house television production being separated into a new division called BBC Studios controlled by Mark Linsey and the remaining parts of television (channels and genre commissioning, BBC Sport and BBC iPlayer) being renamed as BBC Content, controlled by Charlotte Moore . As

9506-448: Was used instead of dubbing for budgetary reasons. Ceefax , the first teletext service, launched on 23 September 1974. This service allowed BBC viewers to view textual information such as the latest news on their television. CEEFAX did not make a full transition to digital television, instead being gradually replaced, from late onwards, by the new interactive BBCi service before being fully closed down on 22 October 2012. In March 2003

9604-667: Was won for Arup's contribution to the Eden Project in Cornwall, UK, the world's largest greenhouse. In 2004, the design for London's City Hall was appointed joint winner. In 2005, the Temple Mills Eurostar Depot won. The 2006 winning entry was for Amethyst House, a nine-storey building with an atrium from the ground to the top, in Manchester , UK. Arup was Royal Town Planning Institute Consultancy of

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