14 Jan
Member News

Banks need a culture shock

By William Rhodes | President & CEO | William R. Rhodes Global Advisors  A decade after the financial crisis, banks haven’t lost their capacity to shock. From Wells Fargo’s fake accounts to Goldman Sachs’ involvement in Malaysia’s 1MDB scandal to allegations of money laundering at Danske Bank, failures of conduct and culture have damaged trust in banks and posed material risks to institutions’ profitability. Urgent reforms are needed to safeguard the health of the global financial system and rebuild public confidence...

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14 Jan
Chapter News

Coming up in 2019: European elections, EU budget, Brexit

Elections, future of Europe, Brexit... the New Year starts with a busy agenda for the European Parliament. European elections  The next European elections - and the first after Brexit - will take place on 23-26 May. People in the EU will elect 705 MEPsto form the new European Parliament, which will then elect a new  president of the European Commission. Look out for debates between the lead candidates for the post. Future of Europe MEPs will continue to discuss the future of Europe with EU leaders. Spanish Prime Minister...

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14 Jan
Member News

Don’t Let These 10 Legal Myths Stop Your Doing Business In The U.S.: Myths #6 and 7 – The U.S. is very litigious and that is too threatening to a small company like ours. As a result, the risk of liability and lawsuits relating to our products and/or services is too great.

By Marc S. Friedman | Director of Professional Relations| Global Commerce Education In the most recent article in this series, I explained how many non-US companies, including Baltic businesses, are discouraged from exploiting a robust US marketplace by Myth #5 –If we enter the US we may be jeopardizing our valuable intellectual property. In this installment, I will address Myths #6 and 7 which are related  - The US is very litigious and that is too threatening to a small company...

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11 Jan
Chapter News, Trade & TTIP Related

EU Trade Commissioner Visits Washington DC. Read her Speech About the Current International Trade Landscape.

This week (January 7th-13th), EU Trade Commissioner Cecilia Malmström spoke at the Atlantic Council in Washington D.C. about the current international trade landscape. In her speech, Malmström pointed out the importance of reforming the WTO, in order to maintain the effectiveness of the system. “International trade without the WTO would be anarchic. Countries would be bullied, companies would fall victim to unfair practices – there would be no reliability, no stability. So we need to repair and stand up for the...

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11 Jan
Brexit News, Member News

The Weekly Vulcan View For The 7th Of January To The 11th Of January Featuring Analysis Of The Latest EU Developments

VULCAN VIEW - KEY EVENTS THIS WEEK: European Union: The Polish and Italian Election Coalition    With the European Elections in full swing, the leaders of the most popular populist parties in Poland and Italy will meet Wednesday to discuss a common strategy for the Elections in May.  Matteo Salvini and Jarosław Kaczyński (PiS) are hoping that the common ground they have concerning migration and their euroskepticism, will enable a joint position in the next election. However, they have very different views on Russia.   PiS,...

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10 Jan
Member News

Bannockburn Global Forex Update: Looking to 2019

2019: The Last Year for the Millennium to Be a Teenager The year may be drawing to a close, but it is not clear that Annus Horribilis for investors will end.  The projection of the 2017 synchronized growth upturn into 2018 hit the shoals of the business cycle.   The fiscal stimulus gave the US an adrenalin rush, lifting growth to an average annualized pace of 3.8% in Q2 and Q3, but many models, based on market prices, warn of increased...

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10 Jan
Member News

EU State aid investigation opened into Nike’s tax treatment in the Netherlands

On 10 January 2019, the European Commission announced the opening of a formal State aid investigation into five tax rulings granted by the Dutch tax authorities to two Dutch entities of the Nike group between 2006 and 2015. This investigation concerns individual tax rulings and as such should not directly impact other taxpayers. Nonetheless, the investigation forms part of the Commission’s continuing efforts focusing on transfer pricing and valuation issues. Under EU State aid rules, Member States are not allowed...

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10 Jan
Member News

A Canadian Perspective on the CUSMA

By John M. Weekes, former Canadian Chief Negotiator on NAFTA | Senior Business Adviser at Bennett Jones From a Canadian business perspective, restoring a more certain trade environment in North America is at the top of any wish list for 2019. The American Section 232 tariffs on steel and aluminum last year sent a shock wave through the Canadian business community—one that is accentuated by the threat of further action resulting from ongoing investigations on automobiles and uranium. And it is not just the...

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09 Jan
Chapter News

Joint Statement on Trilateral Meeting of the Trade Ministers of the United States, Japan, and the European Union

Mr Hiroshige Seko, Minister of Economy, Trade and Industry of Japan, Ambassador Robert E. Lighthizer, United States Trade Representative, and Ms Cecilia Malmström, Commissioner for Trade, met in New York on 25 September 2018. Statement on Concerns with Non-Market-Oriented Policies and Practices of Third Countries The Ministers reiterated their concern with and confirmed their shared objective to address non market-oriented policies and practices of third countries that lead to severe overcapacity, create unfair competitive conditions for their workers and businesses, hinder...

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09 Jan
Member News, New York Related News

AOC and all the other Amazon haters are dead wrong; this deal is good for New York

By Sam Natapoff| President |  Empire Global Ventures LLC State & local governments have pressing social, economic fiscal challenges so why pay rich corporations? Here's why After a 14-month competition among 238 North American cities for the richest economic development prize in a generation, on November 13, 2018 Amazon announced it would locate two new “headquarters” in Long Island City (LIC), New York City, and in Arlington, Virginia.  In return for creating 25,000 jobs paying an average of $150,000 and investing $2.5 billion in each...

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