12 Jan
Chapter News, COVID-19 News

Coronavirus: EU Commission concludes exploratory talks with Valneva to secure a new potential vaccine

Today, the European Commission concluded exploratory talks with the pharmaceutical company Valneva with a view to purchasing its potential vaccine against COVID-19. The envisaged contract with Valneva would provide for the possibility for all EU Member States to purchase together 30 million doses, and they could further purchase up to 30 million more doses. Today's finalisation of exploratory talks with Valneva come in addition to an already secured broad portfolio of vaccines to be produced in Europe, including the contracts...

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12 Jan
Member News

EIB | Kris Peeters appointed as new Vice-President of the European Investment Bank

Kris Peeters joins as Vice-President on the EIB’s Management Committee, representing the Benelux countries. Mr. Peeters will exert oversight on files such as mobility, security and defence, as well as operations in the ASEAN countries. Kris Peeters has been appointed Vice-President and Member of the Management Committee of the European Investment Bank (EIB). He takes up his duties today, assuming the Benelux seat on the EIB’s Management Committee. The EIB’s Board of Governors appointed Mr Peeters, a Belgian national, on...

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11 Jan
Uncategorized

Copernicus: 2020 warmest year on record for Europe; globally, 2020 ties with 2016 for warmest year recorded

Air temperature at a height of two metres for 2020, shown relative to its 1981–2010 average. Source: ERA5. Credit: Copernicus Climate Change Service/ECMWF Latest data released by the Copernicus Climate Change Service show that globally 2020 was on par with the warmest year ever recorded, marking the end of the warmest decade on record, while CO2 concentrations continue to rise. The Copernicus Climate Change Service (C3S) today reveals that globally 2020 was tied with the previous warmest year 2016, making it the sixth in...

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11 Jan
Chapter News

IMF | Denmark’s Ambitious Green Vision

Denmark aspires to become one of the most climate-friendly countries in the world. In June, its Parliament overwhelmingly passed a new climate law that aims to reduce greenhouse gas emissions by 70 percent below 1990 levels by 2030, with net zero emissions targeted for 2050. This is an even more ambitious goal than the EU’s target to cut emissions by 55 percent over the same time period. 70% Amount by which Denmark plans to reduce greenhouse gas emissions by 2030 relative to 1990 levels A new IMF staff...

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11 Jan
Member News

AlixPartners | After a dramatic year of change, what does 2021 have in store for retail?

It felt good to see the back of a year that was so difficult for so many people, businesses, and economies. But while there is a lot to look forward to in the new year, the marks left by 2020 won’t disappear entirely. Our world has changed fundamentally, and retail is one of the industries where the forces of change are not only readily visible, but also incredibly strong. In 2020, retail saw rapid acceleration of several consumer behavior-driven trends...

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11 Jan
Chapter News

Speech | U.S. Economic Outlook and Monetary Policy

Speech by Vice Chair Richard H. Clarida at the C. Peter McColough Series on International Economics Council on Foreign Relations, New York, New York (via webcast) | It is my pleasure to meet virtually with you today at the Council on Foreign Relations.1 I regret that we are not doing this session in person, as we did last year, and I hope the next time I am back, we will be gathering together in New York City again. I look forward to...

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08 Jan
Member News, Trade & TTIP Related

Faegre Drinker | C’est La Vie: New Section 301 Tariffs on French Goods — Originally Set to Go Into Effect on January 6 — Are Indefinitely Suspended

On January 7, 2021, the United States Trade Representative (USTR) announced that new tariffs on certain French products are indefinitely suspended. According to USTR, the duties — which resulted from a Section 301 investigation of France’s Digital Services Tax (DST) and were set to take effect on January 6, 2021 — are being set aside as a means of “promot a coordinated response” to other DSTs that have been proposed or adopted in the European Union (EU) and multiple countries. Background On July...

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08 Jan
Chapter News, COVID-19 News

EU Commission proposes to purchase up to 300 million additional doses of BioNTech-Pfizer vaccine

The European Commission today proposed to the EU Member States to purchase an additional 200 million doses of the COVID-19 vaccine produced by BioNTech and Pfizer, with the option to acquire another 100 million doses. This would enable the EU to purchase up to 600 million doses of this vaccine, which is already being used across the EU. The additional doses will be delivered starting in the second quarter of 2021. The EU has acquired a broad portfolio of vaccines with different...

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08 Jan
Member News

Littler | DOL Simplifies Independent Contractor Analysis in Final Rule

On January 6, 2021, the U.S. Department of Labor (DOL) finalized its highly anticipated independent contractor rule.  The rule delivers on the DOL’s promise to simplify, clarify and harmonize the factors for determining when a worker is an independent contractor versus an employee under the Fair Labor Standards Act (FLSA).  It is meant to be the sole and authoritative interpretation for this analysis. Although the rule is slated to take effect March 8, 2021, the new administration is expected to...

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08 Jan
Brexit News, Member News, Trade & TTIP Related

Vulcan Insight | Post-Brexit trade agreement – one week in

The post-Brexit trade and cooperation agreement reached in the hours before Christmas between the UK and the EU is one of the most important trade deals in history. It is also the first to disintegrate a trading partnership, constructing, rather than removing barriers to trade. After 47 years of EU membership, British Prime Minister Boris Johnson welcomed in the New Year telling Britons that “we have our freedom in our hands and it is up to us to make the...

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