12 Apr
Chapter News

Future of Europe: Conference nears finalisation of policy recommendations

The Conference on the Future of Europe Plenary session on 8-9 April debated concrete proposals. The Chairs and spokespersons of nine Working Groups tabled consolidated draft proposals, grouped by theme, to the Conference Plenary. The proposals were mainly based on the recommendations of European Citizens' Panels, as well as national panels, and enriched by ideas from the Multilingual Digital Platform. These proposals were discussed by all Plenary Members. Vice-President for Democracy and Demography, Dubravka Šuica, said: “We are now in the...

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12 Apr
Chapter News

Mergers: EU Commission approves Parker’s acquisition of Meggitt, subject to conditions

The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Meggitt by Parker. The approval is conditional on full compliance with commitments offered by Parker. Executive Vice-President Margarethe Vestager, in charge of competition policy, said: “Manufacturers of civil and military aircraft depend on competitive supply chains for all aerospace components. Parker and Meggitt are leading global suppliers of wheels and brakes for a range of aircraft types, including military helicopters and drones. The remedy package offered...

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12 Apr
Member News

Cushman & Wakefield | Infographic: Data Centre Locations – Where the Smart Money is Going

​Given that the global tech giants are primarily headquartered outside Europe, analysing the recent trends in Foreign Direct Investment (FDI) can help to identify which locations are proving attractive for data centre operations. Our latest findings confirm that the largest investment activity continues in mature tech and financial hubs in Western Europe, namely Amsterdam, Dublin, Frankfurt, and London. Key driver for activity in this group of locations is proximity to the high economic activity of these increasingly digitised markets. Interestingly,...

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11 Apr
Chapter News

Energy Security: EU Commission hosts first meeting of EU Energy Purchase Platform to secure supply of gas, LNG and hydrogen

In order to secure the EU's energy supply at affordable prices in the current geopolitical context and to phase out dependency on Russian gas, the European Commission has established with the Member States an EU Platform for the common purchase of gas, LNG and hydrogen. A first virtual meeting, chaired by Director General for Energy, Ditte Juul Jørgensen, was held yesterday, with representatives of the 27 Member States. As agreed by the Heads of State and Government in the European Council...

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11 Apr
Chapter News

ESMA | Launch of the EU Digital Finance Platform – virtual event (8 April 2022)

Speech by Verena Ross, ESMA Chair | Thank you for inviting me to the launch of the EU Digital Finance Platform. Before we draw this very productive and interesting event to a close, I’d like to share a few reflections with you. Today we have launched an important joint initiative between the EC, ESAs and national competent authorities. As proposed by the EU Digital Finance Strategy, the Digital Finance Platform will support financial innovation and embrace digital technologies, for the good...

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11 Apr
Chapter News

Green Deal: Modernising EU industrial emissions rules to steer large industry in long-term green transition

Today, the Commission is presenting proposals to update and modernise the Industrial Emissions Directive, key legislation to help prevent and control pollution. Updated rules will help guide industrial investments necessary for Europe's transformation towards a zero-pollution, competitive, climate-neutral economy by 2050. They aim to spur innovation, reward frontrunners, and help level the playing field on the EU market. The revision will help provide long-term investment certainty, with first new obligations on industry expected in the second half of the...

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11 Apr
New York Related News

Governor Hochul Announces Highlights of Historic FY 2023 New York State Budget

Record Investments in Healthcare, Education, Housing, Infrastructure, and the Environment Increases State Reserves to 15 Percent of State Operating Funds Spending by 2025 Strengthens Public Safety and Government Ethics Governor Kathy Hochul today announced the highlights of the historic FY 2023 Budget, which blends record investments into the long-term future of New York along with significant one-time aid to help recover from the COVID-19 pandemic and unprecedented fiscal responsibility. This historic blueprint meets the once-in-a-generation moment to invest in...

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08 Apr
Member News

Vulcan Insight | European Parliament backs binding pay-transparency measures

On Tuesday, the European Parliament decided by 403 votes in favour, 166 against and 58 abstentions to enter into negotiations with EU governments on a Commission proposal for a Pay Transparency Directive. MEPs demand EU companies with at least 50 employees (instead of 250 as originally proposed) be required to disclose information that makes it easier for those working for the same employer to compare salaries and expose any existing gender pay gap in their organisation. Currently, working women in...

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08 Apr
Member News

Stibbe | Game on for gatekeepers: Digital Markets Act finalised

Now that political agreement has been reached on the final text, the Digital Markets Act (DMA) will enter into force soon. The DMA’s ex ante rules and obligations will apply next to the ad hoc EU and national competition rules. Time for big digital companies to take stock of the potential implications of these additional rules on their day-to-day business operations. See our infographic for a concise overview of the DMA. Rebuttable gatekeeper presumption The DMA introduces a rebuttable presumption to designate digital...

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07 Apr
Chapter News

Tax challenges of digitalisation: OECD invites public input on the draft rules for scope under Amount A of Pillar One

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, the OECD is seeking public comments on the Draft Model Rules for Domestic Legislation on Scope under Amount A of Pillar One. The purpose of the scope rules is to determine whether a Group will be in scope of Amount A. The rules are designed to ensure Amount A only applies to large and...

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