19 May
Chapter News

Coronavirus: Commission boosts urgently needed research and innovation with additional €122 million

May 19, 2020 | The Commission has mobilised another €122 million from its research and innovation programme, Horizon 2020, for urgently needed research into the coronavirus. The new call for expressions of interest contributes to the Commission's €1.4 billion pledge to the Coronavirus Global Response initiative, launched by President Ursula von der Leyen on 4 May 2020. The new call is the latest addition to a range of EU-funded research and innovation actions to fight the coronavirus. It complements earlier actions to develop diagnostics, treatments and vaccines by strengthening capacity...

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19 May
Member News, New York Related News

Littler: An Unemployment Insurance Roadmap for New York Employers

May 18, 2020 | During the current COVID-19 crisis, over one million New Yorkers have applied for unemployment insurance (UI) and New York State has paid out over $7 billion in benefits. Despite these numbers, many employers do not understand the ins and outs of UI. Because of the COVID-19 UI enhancements, UI can be beneficial to both employers and employees. The following Insight provides information for New York employers trying to understand UI benefits in general, as well as the...

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19 May
Member News

BennettJones: The Stakes Are High in Global Trade, and Canada Should Help

May 15, 2020 | As the global economy is buffeted by the fallout from the COVID-19 crisis, predictions of what it means for the future abound. Some argue that the regulation of global trade, including its institutions, requires a paradigm shift. Others contend that change must be carefully measured and neither disregard the benevolent intentions of liberalized trade, nor abandon hard-earned benefits. As a country that depends on international trade for our prosperity, the stakes for Canada are alarmingly high. In...

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18 May
Chapter News

EACCNY #COVID19 Impact Stories from Our Members – Consulate General of Finland

Together with our members we are creating a Video series of first-hand accounts of the Pandemic’s impact, both personally & professionally. We invite you to join us today for a first-hand look at the impact of the global shutdown following the Coronavirus (COVID-19) outbreak – Today we are featuring Mika Koskinen , Consul General, Consulate General of Finland a EACCNY member. The questions we asked our members for this series are: 1) What are some challenges you, personally and your organization have...

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18 May
Member News

OsborneClarke: COVID-19 Government initiatives

How are governments responding to the unprecedented challenge of the COVID-19 pandemic? This summary discusses the government initiatives for employers and workforces (the people), as well as the government financial support initiatives for businesses (finance and funding) throughout Europe. On People: What support have governments offered for employers, employees and the self-employed? On Finance and Funding: Governments across the world have offered financial assistance to help businesses cope with the economic effects of COVID-19. This might be in the form of loans, grants,...

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18 May
Chapter News

Making Economies More Resilient to Downturns

May 18, 2020 | The world is in the grip of the COVID-19 pandemic and the ensuing Great Lockdown has pushed many countries into deep recessions—worse than during the 2008–09 global financial crisis. In response, governments and central banks all over the world have introduced strong discretionary (one-off and specific) fiscal and monetary measures to counteract the economic fallout caused by the spread of the coronavirus. Existing automatic stabilizers (such as income-based taxes and unemployment and household benefits), which differ across countries, have generally operated...

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18 May
Member News

PepperHamilton: COVID-19 Resource Guide for Human Resources Professionals – Action Items and Implementation guidelines Relating to Employee Benefit Plans

May 15, 2020 | In response to the COVID-19 crisis, many employers have been faced with the difficult task of taking short-term measures to preserve long-term viability. Measures taken include layoffs, furloughs, reduced work schedules, and work-from-home arrangements. These actions have ripple effects that impact employer-sponsored benefits provided to employees. In addition, responsive measures adopted under the Families First Coronavirus Response Act (FFCRA), the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), and by the Internal Revenue Service (IRS)...

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18 May
Member News

EIB backs EUR 3.4 billion COVID-19 health and business resilience, energy, transport and education investment

May 15, 2020 | • EUR 880 million for COVID-19 business resilience and public health • EUR 1.2 billion for private sector and corporate research and development investment • Investment program for the artificial intelligence sector across Europe The European Investment Bank today approved EUR 3.4 billion of new financing to support companies most affected by the COVID-19 pandemic and priority public health projects, alongside energy, transport, water and education projects across Europe and around the world. Meeting by video conference, the EIB Board...

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18 May
Member News

MarksPaneth: SBA Releases PPP Forgiveness Application and Instructions

May 16, 2020 | On May 15, 2020, the SBA released the long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application and accompanying instructions. PPP borrowers must complete this application at the end of the eight-week covered period in order to obtain forgiveness of eligible expenses. Borrowers are required to submit the PPP Loan Forgiveness Calculation Form and a PPP Schedule A along with the Loan Forgiveness Application and supporting documentation to their lender. The SBA advised that additional regulations and guidance will...

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15 May
Chapter News

Approving most of EU’s accounts, EP requests new measures to protect EU spending

May 14, 2020 | • Request for subsidy ceilings and a real-time IT information system to distribute EU agriculture and cohesion funding more fairly and transparently • More funding needed for the underfinanced Public Prosecutor’s Office to fight cross-border fraud • The EESC’s and Council’s discharges postponed to remedy shortcomings before autumn European Parliament granted discharge to the Commission and most other EU institutions, but called for the fight against conflict of interest to be strengthened. The Parliament, voting on Wednesday by 499 votes...

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