06 May
Chapter News

Spring 2020 Economic Forecast: A deep and uneven recession, an uncertain recovery

May 6, 2020 | The coronavirus pandemic represents a major shock for the global and EU economies, with very severe socio-economic consequences. Despite the swift and comprehensive policy response at both EU and national level, the EU economy will experience a recession of historic proportions this year. The Spring 2020 Economic Forecast projects that the euro area economy will contract by a record 7¾% in 2020 and grow by 6¼% in 2021. The EU economy is forecast to contract by 7½%...

Read more

06 May
Member News

GDLSK: USTR Seeking Comments on the Extension of Certain Expiring China 301 List 3 Exclusions

The Office of the U.S. Trade Representative (“USTR”) has issued a notice requesting comments on whether certain soon to expire China 301 tariff exclusions should be extended. The exclusions at issue are those described in the 11 List 3 product exclusion notices issued as of March 26, 2020.  These exclusions are scheduled to expire on August 7, 2020. Links to each of the 11 product exclusion notices at issue can be found below: Exclusions Granted August 7, 2019 Exclusions Granted September 20,...

Read more

05 May
Chapter News

Regulatory Scrutiny Board – Annual Report 2019

The Regulatory Scrutiny Board (RSB) has released their 2019 Annual Report. The Regulatory Scrutiny Board is part of the process of policy-making based on evidence. It provides quality assurance of impact assessments, fitness checks and major evaluations to the political level of the Commission. It helps ensure that initiatives take due account of data and stakeholder groups’ views before political decision-makers consider what action to take. The Board scrutinises all impact assessments and fitness checks and a selection of evaluations. To...

Read more

05 May
Chapter News

EACCNY #COVID19 Impact Stories from Our Members – Norwegian Consulate

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 Harriet Berg, the Consul General of Norway here in New York and a EACCNY member. The questions we asked our members for this series are: 1) What are some challenges you, personally and...

Read more

05 May
Chapter News, New York Related News

Federal Reserve System Report: COVID-19’s Impact on Communities

“Perspectives from Main Street: The Impact of COVID-19 on Communities and the Entities Serving Them,” (CLICK HERE) summarizes a nationwide survey of nonprofit organizations, financial institutions, government agencies and other community organizations. The survey was conducted in April 2020 with nearly 3,900 respondents serving rural, suburban and urban communities. Key findings include: • Nearly 7 out of 10 respondents indicated that COVID-19 was a significant disruption to the economic conditions of the communities they serve and that recovery is expected to be...

Read more

05 May
Member News

Four Takeaways From April 2020’s LIBOR Transition Developments

May 4, 2020 | Despite the ongoing coronavirus pandemic (COVID-19), the United Kingdom’s Financial Conduct Authority (FCA) reiterated that the London Interbank Offered Rate (LIBOR) will still not be available as a reference rate after the end of 2021. Accordingly, your organization must continue completing the substantial task of transitioning all LIBOR-linked contracts to an alternate rate no later than December 31, 2021, and, if applicable, to disclose all material information related thereto in your United States Securities and Exchange Commission...

Read more

05 May
Member News

BBGFX Update: May 2020 FX Outlook

May 1, 2020 | Aggressive action by several central banks and governments helped reduce the extreme tail risk that had seemed so dominant in the second half of March. Strains in the funding markets eased, and equity markets recouped some of the steep losses inflicted during the frenzied panic. To be sure, most major economies were largely shut down in April, and the lagging economic data is dreadful. It was only in the second half of April that some social distancing...

Read more

05 May
Member News

FTI: Lessons Learned from Cyber Attacks in the Industrial Sector

April, 2020 | From chemical and power plants to energy and mining and metal production, industrial companies are increasingly at risk of cyber attacks that threaten workers and the environment. Here’s how to respond. In March 2019, Norsk Hydro, a leading global aluminum producer headquartered in Oslo, Norway, with operations around the world, found itself the victim of a stealth cyber attack. Its “attacker” came in the form of a compromised email sent via an existing customer’s email address to an unsuspecting employee. The...

Read more

05 May
Member News

WSRG: Federal Reserve Announces Details of Main Street Lending Program

May 4, 2020 | On April 30, 2020, the Federal Reserve announced details of its $600 billion Main Street Lending Program established under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The purpose of the Main Street Lending Program is to facilitate lending to businesses that were in sound financial condition prior to the COVID-19 pandemic and have either fewer than 15,000 employees or had less than $5 billion of revenue in 2019. The loans will be provided...

Read more

04 May
Member News

GOP: Italian Law No. 27/20 (“Conversion Law”): the new provisions

On April 29, 2020, Law No. 27/20 (the "Conversion Law") has been published in the Official Journal of the Italian Republic No. 110, converting into law, with amendments, Law Decree No. 18/20 (the "Law Decree 18/20") providing for a package of measures and aids to face the COVID-19 emergency. The new provisions mainly affect the following areas: • Labour Law • Tax Law • Litigation Law Contact: FABIO ILACQUA Partner – Head of New York Office GOP USA, LLC – One Rockefeller Plaza, Suite 1610, New York, NY...

Read more

«‹462463464465466›»