Chapter News

IMF | Support for Climate Action Hinges on Public Understanding of Policy

Novel survey shows how concerned people are about climate change, how they view mitigation polices, and what drives support for climate action People across the world worry about climate change, but that concern alone doesn’t translate into support for climate mitigation policies. That’s our finding based on a recent survey designed to better illustrate how people perceive the risks from climate change and their support for government climate actions. Responses also show that those who were more concerned about climate change tend...

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Chapter News

Speech: U.S. FED | The Inflation Rate for Necessities: A Look at Food, Energy and Shelter Inflation

Speech by Governor Christopher J. Waller at the 2023 Arkansas State University Agribusiness Conference, Jonesboro, Arkansas, February 08, 2023 | Thank you, Bert, and thank you for the opportunity to talk about where the economy is heading, what the Federal Reserve is doing to get inflation back down to our 2 percent goal, and how all that is likely to affect American agriculture.1 The big picture is that the U.S. economy is adjusting well so far to the higher interest rates...

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Member News

Wilson Sonsini | FTC Announces First Enforcement Action Under the Health Breach Notification Rule Against GoodRx

On February 1, 2023, the Federal Trade Commission (FTC) announced a complaint against and proposed settlement agreement (the “proposed order”) with GoodRx, a digital health company, over its data sharing practices that allegedly resulted in the disclosure of sensitive health information to third-parties. This is the first enforcement action the FTC has ever brought under the Health Breach Notification Rule (HBNR).1 The commissioners unanimously voted to approve the proposed order, which must be published for public comment before the...

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Chapter News

IMF | Charting Globalization’s Turn to Slowbalization After Global Financial Crisis

Trade openness increased after the Second World War, but has slowed following the global financial crisis The free flow of ideas, people, goods, services, and capital across national borders leads to greater economic integration. But globalization, the trend toward these things moving ever more freely between nations, has seen ebbs and flows over the decades. Those trends are coming into sharper focus this year as policymakers work to understand and address the prospect of geoeconomic fragmentation, which threatens to undo the...

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Member News

Vulcan Insight | EU Commission Introduces a new reporting protocol for GDPR Investigations

The European Commission, in response to an inquiry by the European Ombudsman and pressure from Irish privacy campaigners, has requested that all national data protection regulators file detailed bi-monthly reports on any active large-scale cross-border investigations. The Commission stipulates that the reports will be required to include details including key procedural steps taken, the controller and/or processor who is the subject of investigation, as well as the provisions of GDPR that are at issue. This development has scope for considerable...

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Member News

Littler | What Does the Retained EU Law (Revocation and Reform) Bill Mean for UK Employment Law?

The Retained EU Law (Revocation and Reform) Bill, or “Brexit Freedoms Bill,” is moving through the UK Parliament. Bill would end the special status of Retained EU Law in the UK (those laws kept in place at the time of Brexit) and enable it to be amended, repealed or replaced more quickly and easily. The immediate potential impact of this law for employers would be the possible deletion of certain employment regulations unless they are preserved or replaced. The...

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Chapter News

Ukraine: EU and G7 partners agree price cap on Russian petroleum products

The European Union – together with the international G7+ Price Cap Coalition – have today adopted further price caps for seaborne Russian petroleum products (such as diesel and fuel oil). This decision will hit Russia's revenues even harder and reduce its ability to wage war in Ukraine. It will also help stabilise global energy markets, benefitting countries across the world. It comes on top of the price cap for crude oil in force since December 2022, and will complement the...

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Member News

GDLSK | USTR further extends China 301 Exclusions on 81 “COVID items”

In a notice scheduled to be published in the Federal Register on February 7, 2023, the office of the U.S. Trade Representative (USTR) announced that it is again extending the China 301 tariff exclusions on 81 “COVID items” which would have otherwise expired on February 28, 2023. The extensions will run through May 15, 2023. The specific items in question can be accessed here. By way of background, the USTR had previously announced the extension or modification of a total of 99...

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Member News

Noerr | What does the Foreign Subsidy Regulation mean for M&A transactions?

Practitioners and EU officials alike seem to be in agreement that the Foreign Subsidy Regulation (Regulation (EU) 2022/2560; “FSR”), which entered into force on 12 January 2023 (see our News Alert here), will have a significant effect on M&A deals. The new notification tool for transactions introduced in Articles 19 to 26 of the FSR has the potential to impose major bureaucratic burdens on deal parties by requiring them, if certain thresholds are exceeded, to notify certain transactions and...

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Chapter News

ECB | Cash or cashless? How people pay

The ECB has asked people in the euro area how they pay and which payment methods they prefer. The ECB Blog discusses our survey findings and what they mean for the future of cash and digital means of payment. Digitalisation has changed, and will continue to change, the way people make payments. Today’s payment options are in some ways unrecognisable from what was available a decade ago. Using a device or app, you might pay for your groceries with your...

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