Chapter News

Coronavirus: Commission announces exceptional measures to support the agri-food sector

April 22, 2020 | The Commission is taking swift action and proposes additional exceptional measures to further support agricultural and food markets most affected. The EU agri-food sector is showing resilience in these unprecedented times, following the outbreak of the coronavirus. Still, some markets have been hit hard by the consequences of this public health crisis. Today's package includes measures for private storage aid (PSA) in the dairy and meat sectors, the authorisation of self-organisation market measures by operators in hard hit sectors and flexibility in fruits...

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Member News

Littler: Immigration Update During Pandemic: Visa Sanctions, Extensions of Nonimmigrant Status, and Visa Premium Processing

April 15, 2020 | On April 10, 2020, the president issued a new memorandum, Memorandum on Visa Sanctions, focused on immigration compliance measures and enforcement. This new memorandum instructs the secretary of homeland security to notify the secretary of state if any government of a foreign country “denies or unreasonably delays the acceptance of aliens who are citizens, subjects, nationals, or residents of that country after being asked to accept those aliens, and if such denial or delay is impeding operations...

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Member News

GTLaw: Importers Suffering Financial Hardship: Extension of Payment Time on Certain Import Duties

On April 19, 2020, President Trump issued an Executive Order allowing importers “suffering significant financial hardship because of COVID-19” a 90-day extension to pay certain U.S. Customs duties. The Order applies to goods entered in March or April of 2020. No interest will accrue on the postponed payments during the 90-day period. The changes do not allow for the return of any deposits that have already been paid.  There are some limitations on eligibility for this relief. Entries containing goods subject to...

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Member News

FTI: 7 Industry Trends From 2019 Impacting Financial Crime Compliance in 2020 (Pt. 1 & 2)

From new regulations to record-breaking fines, several developments from last year's financial crime compliance landscape are changing the way business gets done in 2020. Here, in part 1 of a 2-part series, FTI Consulting looks at what compliance professionals should know and how they can respond.  The global financial industry experienced several disrupting events in 2019. The political and economic fallout from Brexit and the uncertainty stemming from the U.S.-China trade wars are two examples. Now, as the first quarter of...

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Member News

The Toy Association Named on America’s ‘Best Nonprofit to Work For’ List

April 2020 | The Toy Association has earned a top spot on The Nonprofit Times’ 2020 Best Nonprofits To Work For list for the third consecutive year. The Toy Association ranked No. 23 on the overall list, which distinguishes the top 50 nonprofits in the U.S. based on surveys with employees, managers, and outside vendors of participating organizations. The Toy Association received top scores across The Nonprofit Times’ eight criteria: leadership and planning; culture and communications; role satisfaction; work environment; relationship with...

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Chapter News

The EU’s corona marathon: moving on all tracks

April 19, 2020 | Blog post by EU High Representative Josep Borrell It is now more than a month that the corona virus has Europe in its grip. While every day we work flat out to address the crisis in all its aspects, it is good to step back and reflect on what living with COVID19 means, for our daily lives, for Europe, for the wider world and how it will affect our society. "These are testing times. We need to...

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Chapter News

OECD and donor countries working to focus development efforts on Covid-19 crisis, building on a rise in official aid in 2019

April 16, 2020 | The OECD and member countries that provide foreign aid are exploring how they can work to help the most vulnerable countries to weather the Covid-19 crisis, as new data showed a rise in Official Development Assistance (ODA) in 2019, particularly to the poorest countries. ODA from members of the OECD’s Development Assistance Committee (DAC) totalled USD 152.8 billion in 2019, a rise of 1.4% in real terms from 2018, according to preliminary data collected from official development...

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Chapter News

Only four EU countries lead the US in digitalisation – EIB launches new report on digitalisation in the EU and US

• U lags the US in digitalisation • Digital businesses outperform non-digital ones in growth and job creation In the fight against the Coronavirus, digital technology is playing an unprecedented role in the maintenance of daily life and economic and social activities, as well as in the recovery of industry and business. The Coronavirus pandemic is becoming a tipping point for digitalisation – the dawn of a new era – by accelerating the maturity of digital technology: what was once a...

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Chapter News

ECB supports macroprudential policy actions taken in response to coronavirus outbreak

15 April, 2020 | • ECB supports the swift action taken by euro area macroprudential authorities to address the financial sector impact of the coronavirus outbreak by releasing or reducing capital buffers • Macroprudential measures will free up more than €20 billion of bank capital to absorb losses and support lending • Measures complement and reinforce microprudential measures taken by ECB The European Central Bank (ECB) supports the measures taken by euro area macroprudential authorities to address the impact of the coronavirus (COVID-19)...

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Member News

RSM: Fed introduces Main Street Lending Program

April 9, 2020 | $2.3 trillion in liquidity provided to support economy. The Federal Reserve made history on Thursday by moving aggressively to provide up to $2.3 trillion in liquidity commitments to support the economy. This policy intends to bolster households, small and medium-sized firms, and the ability of state and local governments to float debt to ensure critical services during the pandemic. But the liquidity commitment put forward by the Fed strongly suggests that this is the latest in a series...

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