Review of basic English tenses · Present simple – this tense has the following uses: o regular events and repeated actions The company’s annual report is published every June. o permanent situations They manufacture electrical goods. o timetables and scheduled events The CEO arrives on Friday. o newspaper headlines Miramax signs deal with Disney. · Present continuous – this tense has the following uses: o things happening now and changing situations We’re negotiating an alliance with them. o temporary situations We’re not looking for partners this year. o future arrangements We’re signing the contract next week. · Present perfect – this tense has the following uses: o changes that affect the present Have the shareholders been informed yet? o situations relating to an unspecified past time We have agreed to share technologies o situations that started in the past and continue Costs have been rising for several years. o show duration He’s been the CEO for ten years. · Past simple – this tense has the following uses: o finished actions and events We worked with them for two years. o definite or finished time periods We merged with them last year. · Past perfect – this tense has the following uses: o give explanations about past events We were celebrating last night because we had signed the agreement. o give background information By the time of the acquisition, negotiations had taken nearly a year. · will + infinitive – this tense has the following uses: o predictions The merger won’t be finalized until next month. o spontaneous decisions I think I’ll apply for this advertised position. By + time marker: 1. by + now / this time / this moment ... – present perfect The company has finished the negotiations by now. 2. by + that time / 2001 / WWII / last Tuesday ... – past perfect By 2002 the company had been only an unimportant player on the market. 3. by + next week / 2010 / this summer – future perfect By the end of tomorrow we’ll definitely have signed a deal.