Member News

AICEP Portugal | European consortium moves to build green hydrogen and ammonia complex in Portugal

A European consortium comprising Portuguese developer Madoqua Renewables, Dutch energy transition project developer and consultancy Power2X and Danish fund manager Copenhagen Infrastructure Partners has announced plans to build a €1bn ($1.08bn) industrial-scale complex for the production of green hydrogen and ammonia in Sines, Portugal. The Portuguese government placed Sines, which is home to the country’s largest deepwater port, at the centre of the national EN-H2 hydrogen strategy, approved in 2020. Dubbed the MadoquaPower2X, the project will use renewable energy and 500MW...

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Portolano Cavallo | The new decree on non-profit studies: Data and results may now be sold in Italy

This article is part of Portolano Cavallo’s “INFORM@Life Sciences” Newsletter. Click here to subscribe | The Italian version of this article has been published on March 17, 2022 on AboutPharma.com, within Portolano Cavallo's bi-monthly column on the new Clinical Trials Regulation EU 536/2014. On February 16, 2022, more than two years later than planned, the Ministerial Decree of November 30, 2021, containing measures to facilitate and support the development of nonprofit clinical trials of medicinal products and observational studies, as well as to...

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Elvinger | Sustainable Finance update (asset management): SFDR RTS adopted by the European Commission

Initially published on Elvinger's website here | On 6 April 2022, the European Commission ("EC") adopted the EU Sustainable Finance Disclosure Regulation ("SFDR") Regulatory Technical Standards in the form of a delegated regulation ("RTS"). As previously announced, the EC decided to consolidate all 13 SFDR RTS into one single delegated act, which is expected to apply from 1 January 2023. The RTS should provide the asset management industry and EU regulators with much needed certainty when preparing for compliance. In the Explanatory Memorandum...

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Chapter News

IMF | Governments Need Agile Fiscal Policies as Food and Fuel Prices Spike

'Spending imperatives from pandemic and war meet high debt and tight budget constraints.' Just as increasing vaccinations offered hope, Russia’s invasion of Ukraine disrupted the global economic recovery. One of the most visible global effects has been the acceleration of energy and food prices, triggering concerns about episodes of food shortages and increasing the risks of malnutrition and social unrest. World food prices surged by 33.6 percent in March from a year earlier, according to the Food and Agriculture...

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Member News

Jaguar Freight | Global Freight Updates: Still Watching China

In this week’s Roar we’re covering several angles of the supply chain mess that is China, air cargo as the hero we didn’t know we needed, and the internet of things (IOT) technology as one long-term solution. As supply chain professionals, we are acutely aware of how the present lockdowns in China (which impact regions producing 40% of GDP) will have far-reaching implications on an already tenuous global economy. With the situation in Ukraine not helping matters, it’s discouraging that...

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Chapter News

IMF | Private Debt to Weigh on Global Economic Recovery

'A record rise in private debt could slow the economic recovery, but the drag on growth will vary across countries and within them.' Governments succeeded in lessening the economic pain of the pandemic by providing plenty of liquidity to stricken consumers and businesses through credit guarantees, concessional lending and moratoriums on interest payments. But although these policies proved effective in supporting balance sheets, they also led to a spike in private debt, extending a steady increase in leverage spurred by supportive...

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Member News

BBGFX | Central Banks on a Preset Course Reduces Significance of High-Frequency Data

Arguably the most important data next week is the flash PMI. It is not available for all countries, but for those generally large G10 economies, the preliminary estimate is often sufficiently close to the final reading to steal its thunder. Moreover, and this applies to high-frequency data more broadly, given the overshoot of inflation in most counties, with some exceptions, notably in Asia, central banks appear to be on set courses.  The near-term data are interesting if you are into...

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Arendt | Staff delegation involvement in teleworking matters in Luxembourg

Law of 1 April 2022 amending Articles L. 414-3 and L. 414-9 of the Labour Code The law of 1 April 2022, which enshrines in law the staff delegation's involvement in remote work arrangements, was published on 12 April 2022 and will come into force on 16 April 2022. With the pandemic and since the advent of lockdown, teleworking has become established as a new type of working arrangement. To regulate this practice, which will remain even beyond the end of the...

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Vulcan View | The latest EU developments 11 April – 15 April

EU proposes "first-ever" rules to protect IP for craft products On Wednesday, European Commissioners Margrethe Vestager and Thierry Breton, presented the EU’s first-ever framework to protect the intellectual property for craft and industrial products that rely on the originality and authenticity of traditional practices from their regions. The new legal framework would be an extension of the current and globally successful geographical indication system for beer, wine and spirit beverages and agricultural products such as cheese, salami and ham. According to the Commission, this new...

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Chapter News

IMF | Tax Coordination Can Lead to a Fairer, Greener Global Economy

Cooperation across countries can raise revenue, tackle inequality, and fight climate change. Technology, globalization, and global warming have changed the world, and taxation must keep pace. With a mouse click, individuals can move money across borders and corporations can transact with their affiliates across global supply chains. Production depends on intangible know-how assets that can be located anywhere. Employers and their employees can work in different countries. As income and factors of production become more mobile, and with climate...

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