11 Jul
Member News

Vulcan View: The latest EU developments 7 July – 11 July

Commission President von der Leyen survives no-confidence vote On Monday, July 7, European Commission President Ursula von der Leyen addressed the European Parliament in Strasbourg regarding ongoing allegations related to the so-called “Pfizergate” controversy, which had prompted a motion of censure from far-right groups. During her remarks, von der Leyen firmly denied the accusations and described them as unfounded and politically motivated, seeking to defend both her integrity and the Commission’s conduct in vaccine procurement. She defended her leadership and vaccine...

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10 Jul
Member News

CLA (CliftonLarsonAllen) | OBBBA Is Now Law — What the Real Estate Industry Needs to Know

OBBBA introduces permanent tax changes for real estate, enhancing deductions, Opportunity Zones, REIT flexibility, and LIHTC benefits. The One Big Beautiful Bill Act (OBBBA) was signed into law late last week. While OBBBA introduces wide-ranging tax changes for all sectors, the real estate industry faces a distinct set of opportunities and challenges. Below, we explore what these changes mean for owners, developers, and investors — and how to prepare. For a comprehensive overview of the tax provisions in OBBBA, including restoration...

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10 Jul
Chapter News

ECB | Shifting payment landscape: what a digital euro will bring

Speech by Piero Cipollone, Member of the Executive Board of the ECB, at Banka Slovenije It is a pleasure to speak to you today. The ongoing shift in the way we pay is affecting the fundamental fabric of our economies. Whether we are consumers browsing digital marketplaces, entrepreneurs pursuing digital innovation, or decision-makers facing the digital transition, we are all involved in reshaping payments. Payments are more than a means of settling transactions, they are the lifeblood of a modern economy. And...

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10 Jul
Chapter News

OECD job markets remain resilient but population ageing will cause significant labour shortages and fiscal pressures

Job markets remain resilient, with labour force participation reaching record highs in many OECD countries and unemployment at historically low levels. However, there are signs of a slowdown as geopolitical and trade policy uncertainties dampen economic activity, according to a new OECD report. The OECD Employment Outlook 2025 reports that OECD-wide employment, which reached 668 million in May 2025 – up by about 26% since 2001 – is expected to grow by around 1.1% in 2025 and 0.7% in 2026. Having been...

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10 Jul
Chapter News, New York Related News

NY Fed | Short-Term Inflation Expectations Tick Down, Household Financial Expectations Improve

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the June 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations ticked down at the short-term horizon and remained unchanged at the medium- and longer-term horizons. Unemployment and job loss expectations improved. Spending growth expectations slightly declined, while household income growth expectations increased. Households were more optimistic about their year-ahead financial situations and credit access. The survey was fielded from June 2 through June...

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10 Jul
Member News

Wilson Sonsini | The One Big Beautiful Bill: Tax Provisions in Final Legislation Impacting Domestic and Multinational Businesses

Important Changes for Technology and Life Sciences Industries On July 4, 2025, President Trump signed H.R. 1, commonly known as the “One Big Beautiful Bill Act” (OBBB), into law.1 OBBB was initially approved by the House of Representatives on May 22, 2025 (the House Bill),2 followed by proposed changes that were released by the Senate Finance Committee on June 16, 2025 (the SFC Bill) and passed by the full Senate on July 1, 2025. OBBB permanently extends many of the tax provisions...

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08 Jul
Chapter News, TRIA News

TRIA | Transatlantic Efforts to Close the Investment Gap in Middle- and Low-income Countries (2nd Operational Meeting)

The 2nd operational meeting of the Transatlantic Resilient Infrastructure Alliance (TRIA) was held in Seville, Spain on July 1st, 2025. It took place in the context of the International Business Forum at the UN's 4th Financing for Development Conference. TRIA is a joint initiative between the European Investment Bank (EIB) and the European American Chamber of Commerce New York (EACCNY), that aims to unite key actors to support the financing of infrastructure investments in low- and middle-income countries. With only...

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08 Jul
Member News

Noerr | EU Commission Proposes EU Space Act

On June 25, 2025, the European Commission introduced a proposal for an "EU Space Act." This comprehensive proposal spans over 100 pages and includes several annexes detailing regulations aimed at harmonizing the space sector. The proposal seeks to address the growing economic and political significance of space activities, which can't be sufficiently managed by fragmented national regulations. International law currently only mandates that states must authorize and supervise space activities, a requirement yet to be implemented in Germany. The...

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08 Jul
Chapter News

European Commission | Remarks by Commissioner Dombrovskis at the Eurogroup press conference

Thank you, Paschal. Good evening, everyone. First of all, I would like to congratulate Paschal on his re-election as President of the Eurogroup. Today's outcome shows the strong confidence that euro area finance ministers place in your leadership. I look forward to continuing our close collaboration to address the challenges and seize the opportunities that lie ahead for the euro area. Moving on to other important topics that we discussed today. I would like to thank President Lagarde for presenting the European Central Bank's...

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08 Jul
Chapter News

European Commission | Questions and Answers on Bulgaria’s changeover to the euro

What decision did the Council take today?  The European Commission published its 2025 Convergence Report on 4 June 2025. The report confirmed that Bulgaria has met the criteria to adopt the euro on 1 January 2026. As a result of that assessment, the Commission adopted proposals for a Council Decision on Bulgaria adopting the euro and a Council Regulation to include Bulgaria in the list of countries that have adopted the euro as their national currency. At the end of...

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