11 Jun
Chapter News

ESMA renews its decision requiring net short position holders to report positoins of 0.1% and above

June 11, 2020 | The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has renewed its decision to temporarily require the holders of net short positions in shares traded on a European Union (EU) regulated market to notify the relevant national competent authority (NCA) if the position exceeds 0.1% of the issued share capital. ESMA considers that its renewed measure will maintain the ability of NCAs to deal with any threats to market integrity, orderly functioning of markets and financial...

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11 Jun
Chapter News

2020 Blue Economy Report: Blue sectors contribute to the recovery and pave way for EU Green Deal

June 11, 2020 | Today, the European Commission published “The EU Blue Economy Report 2020”, providing an overview of the performance of the EU economic sectors related to oceans and the coastal environment. With a turnover of €750 billion in 2018, the EU blue economy is in good health. There were also 5 million people working in the blue economy sector in 2018, representing a significant increase of 11.6% compared to the year before. Although sectors such as coastal and...

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11 Jun
Chapter News

Coronavirus: Commission recommends partial and gradual lifting of travel restrictions to the EU after 30 June, based on common coordinated approach

June 11, 2020 | Today the Commission recommends to Schengen Member States and Schengen Associated States to lift internal border controls by 15 June 2020 and to prolong the temporary restriction on non-essential travel into the EU until 30 June 2020; and sets out an approach to progressively lifting the restriction afterwards. Given that the health situation in certain third countries remains critical, the Commission does not propose a general lifting of the travel restriction at this stage. The restriction should be lifted...

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10 Jun
Chapter News

Shaping Europe’s digital future – Council adopts conclusions

The Council adopted conclusions today on shaping Europe’s digital future, addressing a wide range of issues related to the implementation of the EU digital strategy. The areas covered by the conclusions range from connectivity, digital value chains and eHealth to the data economy, artificial intelligence and digital platforms. The text also highlights the impact of the digital transformation on fighting the pandemic, and its critical role in the post-COVID-19 recovery.  "The COVID-19 pandemic and its consequences on our lives and economies...

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10 Jun
Member News

EU Finance Ministers welcome rapid EIB response to COVID-19 crisis

• EIB highlighted as key to mitigating economic and social impact of COVID • President Hoyer confirms COVID response and climate action priorities for year ahead • Slovakian Finance Minister Eduard Heger to be new chair of EIB Board of Governors European finance ministers today welcomed the European Investment Bank’s EUR 240 billion rapid response to mitigate the impact of the COVID-19 crisis across Europe and around the world. EIB COVID-19 response strengthening business resilience, research and public health At the Annual Meeting of...

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10 Jun
Member News

Working From Home and Successfully Managing through a Pandemic (Especially with a Long Distance HO)

June 10, 2020 | By Len Adams CPC, CTS  CEO ACG Resources/Adams Consulting Group, LLC In March, the entire world was turned upside down due to the Covid19 crisis. As it relates to the workforce, companies were in turmoil as shelter in place polices were implemented in most cities and states. Employers that had not previously adopted a WFH policy needed to scramble to set up the proper technology, policies, etc. This may have been especially true for companies in...

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10 Jun
Chapter News

OECD Economic Outlook, June 2020

June 10, 2020 | The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances. Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment of the macroeconomic situation, a series of notes on the macroeconomic and structural policy issues related to the COVID-19...

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10 Jun
Trade & TTIP Related

GDLSK Upadate: USTR Announces Additional Exclusions Granted on SEC. 301 List 4 Products

On June 9, 2020, the U.S. Trade Representative (“USTR”) announced that an additional 34 items will be excluded from the Section 301 trade remedies imposed on Chinese-origin products.   The newly announced exclusions all relate to items on China 301 List 4A (which is part of the $300 billion trade action) which, unless excluded, are currently subject to an additional tariff of 7.5% ad valorem.  The list of newly-excluded items (which supplements the exclusions previously granted by the USTR) is...

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09 Jun
Chapter News

Federal Reserve Board expands its Main Street Lending Program to allow more small and medium-sized businesses to be able to receive support

June 08, 2020 | The Federal Reserve Board on Monday expanded its Main Street Lending Program to allow more small and medium-sized businesses to be able to receive support. The Board lowered the minimum loan amount, raised the maximum loan limit, adjusted the principal repayment schedule to begin after two years, and extended the term to five years, providing borrowers with greater flexibility in repaying the loans. The Board expects the Main Street program to be open for lender registration...

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09 Jun
Member News

Senators Introduce Bipartisan Cybersecurity Bill to Regulate Contact Tracing Apps Amid the COVID-19 Pandemic

June 08, 2020 | There is no shortage of legislation to address the coronavirus (“COVID-19”) pandemic and the emerging contact tracing applications. In late April 2020, Republican senators introduced a bill called the COVID-19 Consumer Data Protection Act that aims to provide consumers more transparency, choice, and control over information collected in connection with COVID-19. Then, in May, Democrats introduced the Public Health Emergency Privacy Act to protect personal information collected in connection with COVID-19. Now, as of June 1, a bipartisan bill—the Exposure...

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