21 Mar
Chapter News

IMF and the Statistical Community Release New Global Standards for Macroeconomic Statistics

Washington, DC: The International Monetary Fund (IMF) has released the seventh edition of the Integrated Balance of Payments and International Investment Position Manual (BPM7, the Manual) (https://www.imf.org/-/media/Files/Data/Statistics/BPM6/draft-bpm7-wcv.ashx). This new edition provides updated global standards for compiling external sector statistics, including balance of payments and integrated international investment position. It highlights key changes in the global economy, such as the increasing economic interconnectedness, digitalization, and innovations in financial markets since the time of the last update of the manual in 2009. The launch of BPM7 marks the...

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21 Mar
Chapter News

EU External Action Service | European Council conclusions on competitiveness, European defence and security and migration

III. COMPETITIVENESS  11. A more competitive Union will be a stronger Union, better able to protect its citizens, its values and its interests on the global stage while sustaining its prosperity and the European social model. The need to invest in our defence and our competitiveness are closely interlinked. The European Council underlines the urgent need to strengthen Europe’s competitiveness, building on the Budapest Declaration on the New European Competitiveness Deal and on its conclusions of 6 March 2025 on...

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21 Mar
Chapter News

ECB | AI adoption and employment prospects

By António Dias da Silva and Marco Weissler | AI is already part of many workers’ daily routines. Some fear losing their jobs, but most don’t. The ECB Blog looks at how workers are using AI tools, how they feel about it and what that means for work in the future. This post is part of a miniseries related to the ECB conference “The Transformative Power of AI”, on 1-2 April 2025, bringing together researchers, practitioners and policymakers. Learn more here. The...

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21 Mar
Member News

Panitch Schwarze | Experts Must Understand Their Sources of Supporting Information

Damages experts have been known to rely upon many sources of information in preparing their positions regarding how much to award in damages/royalties. However, a recent U.S. district court decision cautions that a damages expert must understand their sources of information. By extrapolation, this should apply to any expert witness. In a Memorandum Opinion issued on March 14, 2025, Judge Richard Andrews of the U.S. District Court for the District of Delaware ruled that the defendant’s damages expert opinion should...

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21 Mar
Member News

Vulcan View: The latest EU developments 17 March – 21 March

European Commission unveils its White Paper on Defence to rearm the EU On Wednesday, 19 March, the European Commission unveiled its White Paper on Defence, setting out a vision to rearm Europe by ensuring the European defence industry can produce at the requested speed and volume; and facilitating rapid deployment of military troops and assets across the EU. The White Paper introduces plans for a true European defence union in which EU countries will remain in charge of defence, while benefiting from added EU benefits to strengthen...

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21 Mar
Member News

Trepp | FOMC Meeting Sparks Uncertainty as Commercial Real Estate Markets Brace for Potential Slowdown

At the March Federal Open Market Committee meeting, the Federal Reserve kept the policy interest rate unchanged and reiterated expectations of two rate cuts for 2025. Chairman Powell expressed considerable uncertainty regarding the new administration’s policies, noting heightened risks to growth, employment, and inflation. For commercial real estate (CRE) professionals, while current economic conditions remain robust, it’s important to acknowledge the potential downside risks in the macroeconomic environment that may affect business decisions. Economic Outlook The Federal Reserve's Summary of Economic Projections revealed...

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20 Mar
Chapter News, Trade & TTIP Related

European Commission | Commission’s Action Plan to secure a competitive and decarbonised steel and metals industry in Europe

Today, the Commission takes action to maintain and expand European industrial capacities in the steel and metals sectors. The Action Plan on Steel and Metals is designed to strengthen the sector's competitiveness and safeguard the industry's future. The European steel industry is fundamental for European economy, providing inputs to critical sectors such as automotive, clean tech, and defence. A strong steel and metals industry in Europe is crucial to guarantee the EU's security in the current geopolitical context and to deliver on...

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20 Mar
Member News

EIB | CEB and EIB sign agreement to facilitate co-financing and boost investment impact

The Council of Europe Development Bank (CEB) and the European Investment Bank (EIB) deepened their long-standing partnership by signing a Mutual Reliance Agreement today to strengthen co-operation, facilitate co-financing and enhance the impact of public sector projects in countries of operation outside of the European Union. A key element of this approach is the mutual recognition of each institution’s procurement policies and procedures, thus reducing transaction costs and administrative burden. By streamlining project preparation and implementation, the agreement will allow...

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20 Mar
Member News

NAL Research & Blue Sky Network Solutions Successfully Demonstrate Situational Awareness & Video Capabilities at Arctic Warrior Experiment 2025

Deep in the rugged landscapes of Norway, a small rover makes its way through the snow. NAL Research’s SHOUT nano and QuickNav devices are attached, providing real-time position reporting while Blue Sky Network’s SkyLink® solution sits atop, enabling live video monitoring and the capacity for command and control (C2) of the vehicle. Inside a nearby building, side-by-side monitors display the video feed and the rover’s location through Blue Sky Network’s secure cloud-based portal, SkyRouter. This demonstration was made possible by the Arctic Warrior Experiment, an event sponsored...

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20 Mar
Member News

CLA | Globally Mobile Workers: A Guide for Tax Directors and CFOs

Different countries have varying tax regulations regarding business travelers and remote workers, and achieving compliance involves navigating these complexities to avoid penalties. Coordination across departments like payroll, tax, finance, HR, and mobility teams is crucial for maintaining compliance and reducing risks associated with globally mobile workers. Understanding the tax implications of globally mobile workers allows for better strategic planning. This includes making informed decisions about where to deploy talent and how to structure international assignments. As the modern workforce...

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