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Member News
Member News
24
Jul
The provisional agreement reached on 7 May 2026 between the European Commission, the European Parliament and the Council of the European Union regarding the Digital Omnibus on AI falls short of its stated aim of promoting innovation. Against this backdrop, the yet-to-be-reached agreement on the Digital Omnibus (on data law) is of paramount importance for Europe’s attractiveness as a business location. Rather than rushing to close a deal, the EU should seize this opportunity to enact genuine reforms that avoid stifling AI innovation at...
24
Jul
The House on July 22 passed by a vote of 216 to 214 a fiscal year 2027 budget resolution that would authorize a third budget reconciliation bill in the 119th Congress to address military spending, election security, and farm assistance. The proposed budget resolution contains $95 billion in reconciliation instructions for four House committees to approve their portions of the reconciliation legislation by September 11. The reconciliation instructions are for the Agriculture ($12 billion), Armed Services ($60 billion), Intelligence ($10 billion),...
24
Jul
On July 23, 2026, the Office of the U.S. Trade Representative (USTR) announced in a Notice of Action its final action in the Section 301 investigation of 60 economies for “their failure to impose and effectively enforce a prohibition on the importation of goods produced with forced labor.” Under Section 301 of the Tariff Act of 1974, the USTR has made the following determinations:
10 percent is the appropriate rate of Section 301 duties for investigated economies that (i) impose a...
24
Jul
(excerpt) Retail sales increased in May for the fourth straight month, while consumer sentiment—as measured by the University of Michigan's monthly survey of consumers—fell to a record low. How, then, are consumers financing their spending?
The answer had been credit cards. Card balances grew in March and April at the strongest back-to-back pace in three years, but they fell by a 4.7% seasonally adjusted annualized rate in May, with the decline likely the result of repayment after heavy spring borrowing....
23
Jul
On 30 June 2026, the European Banking Authority (EBA) published revised Guidelines on product oversight and governance (POG) for retail banking products. The revised Guidelines strengthen the existing POG framework by explicitly incorporating ESG and greenwashing considerations.
Embedding ESG features into the POG framework
The amended Guidelines clarify that product oversight and governance arrangements for retail banking products for both manufacturers and distributors should also apply to products with ESG features.
Manufacturers and distributors are expected to take ESG features of a product into...
23
Jul
The Global Guide Quarterly (GGQ) is a newsletter published by Littler on a quarterly basis to provide high-level and concise coverage of global labor and employment (L&E) law developments in key countries across the Americas, the Asia-Pacific (APAC) region, and Europe, the Middle East, and Africa (EMEA). The GGQ aims to help multinational enterprises stay informed about important changes in the L&E law framework by covering enacted legislation, significant judiciary or regulatory decisions, legislative initiatives, and trends impacting employers.
The...
22
Jul
Bernastic, the advanced materials company transforming textile waste into high-performance manufacturing materials, today announced the successful production of its first 2,500-pound run of Bernastic, marking a significant milestone in the company’s journey from research and development to scalable manufacturing.
The production run represents years of materials research, formulation refinement, engineering, and testing aimed at solving one of the world’s largest environmental challenges: finding meaningful, scalable applications for textile waste.
“What started as a simple question, What else could this be?, has...
22
Jul
Uncertainty is a global public cost — the mirror image of a "global public good." It touches every organization, whether we invite it in or not, and an entire industry of metrics and reports exists just to measure it. The good news: uncertainty doesn't have to mean your business or productivity suffer. As Condoleezza Rice once recalled her parents telling her, you may not control your circumstances, but you can control your reaction to them.
That distinction — between the...