24
Apr
READ MICHEL BARNIER'S FULL STATEMENT HERE
Compliments of the European Commission.
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24
Apr
Main results
On 23 April 2020 EU leaders discussed progress on the various dimensions of the European response to the COVID-19 outbreak. It was the fourth video meeting of this kind.
• Conclusions by President Charles Michel after the video conference with members of the European Council on 23 April 2020
Lifting COVID-19 containment measures
Leaders welcomed a European roadmap towards lifting COVID-19 containment measures, presented by Presidents Michel and von der Leyen on 15 April.
"We all agreed that the health and safety of...
24
Apr
April 23, 2020 |
On April 23, the Treasury Department and the Small Business Administration (SBA) updated an FAQ document addressing borrower and lender questions concerning implementation of the Paycheck Protection Program (PPP). The FAQ document provides answers to many commonly asked questions relating to payroll cost calculations, eligible businesses (including small business concerns), the exclusion of compensation in excess of $100,000, affiliations and certain SBA application requirements. This most recent updated FAQ provides noteworthy guidance relating to the following question: Do businesses...
24
Apr
April 23, 2020 |
In two recent joint statements, the federal banking agencies have encouraged banks to make short-term loans to consumers and small businesses impacted by the COVID-19 crisis. In their March 30 “Joint Statement Encouraging Responsible Small-Dollar Lending in Response to COVID-19,” the agencies noted that “the important role that responsibly offered small-dollar loans can play in helping customers meet their needs for credit due to temporary cash-flow imbalances, unexpected expenses, or income short-falls during periods of economic...
23
Apr
April 23, 2020 |
1. INTRODUCTION
This news update is a follow-up to our news update of 25 March 2020 regarding the first reactions of the European competition agencies to the coronavirus (COVID-19) outbreak. The competition agencies acknowledge the effects of the coronavirus outbreak on businesses. They emphasised that they will not intervene if companies temporarily cooperate, if these forms of cooperation are necessary to ensure the supply and fair distribution of scarce products to consumers. The authorities however also warned that competition...
23
Apr
"On April 20, 2020, the Secretary of the Treasury and U.S. Customs and Border Protection (CBP) will be postponing for 90 calendar days the deadline for payment for the deposit of certain estimated duties, taxes, and fees for importers experiencing a significant financial hardship due to the coronavirus disease (COVID-19). This temporary postponement applies to formal entries of merchandise entered, or withdrawn from warehouse, for consumption (including entries for consumption from a Foreign Trade Zone) in March 2020 or...
23
Apr
April 22, 2020 |
Carbon Neutrality, 100% of electricity from renewables and CO2 reduction. These are a few of the targets that Pirelli has set itself to contribute to the protection of planet Earth.
The 50th anniversary of Earth Day, the day established in 1970 by the United Nations for the world to celebrate the environment and the protection of planet Earth, falls at a critical moment, one in which the world has stopped, blocked by the Covid-19 pandemic. With human...
23
Apr
April 22, 2020 |
• ECB to grandfather until September 2021 eligibility of marketable assets used as collateral in Eurosystem credit operations falling below current minimum credit quality requirements
• Appropriate haircuts will apply for assets that fall below the Eurosystem minimum credit quality requirements
• Decision reinforces broader package of collateral easing measures adopted by the Governing Council on 7 April 2020, which will also remain in place until September 2021
• ECB may decide further measures, if needed, to continue ensuring...
22
Apr
April 22, 2020 |
The EU is taking further urgent measures to make the best use of cohesion policy money to help tackle the COVID-19 pandemic.
The Council today adopted a second legislative act in less than a month amending the rules on the use of EU structural funds, which underpin EU cohesion policy. These changes allow member states to refocus resources on crisis-related operations.
The act, known as the Coronavirus Response Investment Initiative Plus, was adopted by written procedure less than three...
22
Apr
The Commission has adopted a proposal for a €3 billion macro-financial assistance (MFA) package to ten enlargement and neighbourhood partners to help them to limit the economic fallout of the coronavirus pandemic. The proposal comes on top of the ‘Team Europe' strategy, the EU's robust and targeted response to support partner countries' efforts in tackling the coronavirus pandemic. It represents an important demonstration of the EU's solidarity with these countries at a time of unprecedented crisis.
The proposal, following a...