25 May
Chapter News

Euro area systemic stress contained despite bouts of global financial market turbulence

Europe’s financial system showed resilience in face of rising vulnerabilities stemming from emerging market economies and financial market turbulence over the past six months Economic and financial vulnerabilities persist in the form of high legacy debt, both public and private, and a weak economic recovery Euro area banking sector repair continues amid challenges to profitability and, in some countries, high stocks of non-performing loans The euro area financial system was able to absorb the strong turmoil around the turn of the year...

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25 May
Chapter News

Commission proposes new e-commerce rules to help consumers and companies reap full benefit of Single Market

The European Commission today tabled a package of measures to allow consumers and companies to buy and sell products and services online more easily and confidently across the EU. Delivering on its Digital Single Market and Single Market strategies, the European Commission has presented a three-pronged plan to boost e-commerce by tackling geoblocking, making cross-border parcel delivery more affordable and efficient and promoting customer trust through better protection and enforcement. Andrus Ansip, Vice-President for the Digital Single Market, said: "All too...

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25 May
Chapter News

Forty years of investments have improved Europe’s bathing water

The European Union’s efforts to ensure clean and healthy bathing water began forty years ago when the first Bathing Water Directive was issued. The annual bathing water report published today proves the value of the legislation and the years of investment in waste water infrastructure and other pollution reduction measures. It shows that bathing water quality has improved continuously over time leading to ninety-six per cent of monitored bathing sites in the EU meeting the minimum standards for water...

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25 May
Chapter News

Anti-tax avoidance: close tax gap with low-tax third countries, say MEPs

The European Commission's proposal for an EU anti-tax avoidance directive was welcomed by Parliament's Economic and Monetary Affairs Committee in a resolution voted on Tuesday. MEPs nonetheless advocated stricter limits on deductions for interest payments and an effective corporate tax rate of 15%. The committee approved its text by 20 votes to 15, with 21 abstentions. This outcome was closer than expected because at the last minute - during the voting - the EPP group decided to vote blank due...

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25 May
Chapter News

Breakthrough in discussions on patent law and plant breeders’ rights

The European Commission wants to offer clarity and legal certainty about patenting the natural traits of vegetables and other plants through further interpretation of the biotech directive. This was announced by European Commissioner for the Internal Market Elżbieta Bieńkowska at the symposium ‘Finding the Balance’ in Brussels, organised by Minister for Agriculture Martijn van Dam in the context of the Netherlands EU Presidency. Breakthrough ‘This is a definite breakthrough in the discussion on patent law and plant breeders’ rights,’ the minister...

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24 May
New York Related News

City of New York Adds 11,000 Jobs In Two Months

Report's Revised Numbers Show Large March Increase   City at All-Time Job High with Nearly 4.3 Million Jobs in New York  The City of New York today announced that based on an analysis of seasonally adjusted job numbers for April 2016 provided by the New York State Department of Labor, New York City added 4,400 jobs in April. The same report revised its previously stated March jobs number from 2,800 to 6,700 added jobs, combining for 11,100 jobs added to New...

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24 May
Member News

Internet of Things–Work 4.0–Working When and Where It Is Convenient?

A year ago, the German Ministry of Labour and Social Affairs started the dialog “Work 4.0” and raised the question whether it is necessary, in view of the current technological trends, social developments and changes in the labour market, to create a new working model or concept. The term “Work 4.0” is linked to “Industry 4.0”, also known as the fourth industrial revolution. Whereas the third industrial revolution (Work 3.0) was characterized by the advancing globalization, it is the era...

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24 May
Chapter News, Trade & TTIP Related

EU ministers discuss future of Common Agricultural Policy

Dutch Minister for Agriculture Martijn van Dam will be hosting a two-day informal meeting of the Agriculture Council on 30 and 31 May. The meeting, which will be held in Amsterdam and the Eindhoven region during the Netherlands EU Presidency, will be attended by all EU agriculture ministers. The meeting’s central theme will be ‘Food of the future – the future of food’, focusing on innovation and the future of the Common Agricultural Policy (CAP). Food to be On Monday 30...

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24 May
Chapter News, New York Related News

Applications now open: Global Business Exchange NYC-Milan

Exchange Ideas. Exchange Resources. Exchange Success. At the World Trade Week Awards Breakfast last week, NYCEDC President Maria Torres-Springer announced the opening of applications for the NYCEDC Global Business Exchange (GBX) — Milan. The Global Business Exchange, in partnership with the City of Milan, will build on the successes of the first iteration with Paris to link New York City-based startups with cities across the world and attract top-notch business and talent to New York City. Click here to apply. Up to ten companies from each...

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24 May
Chapter News

Commission awards exemplary projects protecting nature across Europe

Commissioner Vella announced the winners of the 2016 Natura 2000 Awards. The six winners include projects from Bulgaria, Latvia, Spain, the United Kingdom and cross-border projects from Belgium, France, Greece, Bulgaria, Hungary, Finland and Norway. The annual Natura 2000 Awards recognise conservation achievements across the EU and raise awareness about initiatives that protect nature across Europe, benefiting citizens' quality of life as well as the economy on which their prosperity depends. Natura 2000 is a network of over 27 000 protected...

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