Member News

The weekly Vulcan View for the 25th to the 29th of June featuring analysis of the latest EU developments

KEY EVENTS THIS WEEK: EUROPEAN UNION SUMMITMigration deal reached after marathon all-night talksThere was little time for rest on the first day of the highly-anticipated European Council summit which formally kicked off last night as EU leaders managed to strike a deal early this morning of the increasingly divisive issue of migration. Although leaders are scheduled to discuss a range of topics such as Brexit and EU reform, it was migration that overshadowed everything at the summit. The meeting of EU...

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Chapter News, Trade & TTIP Related

Euro 2.0: Past, Present, and Future of Euro Area Integration, Opening Remarks by Christine Lagarde, IMF Managing Director

“The Euro at 20 Conference” — Dublin, Ireland June 25, 2018 As prepared for delivery Introduction Thank you, Philip, for that very kind introduction. It is a pleasure to welcome all of you to “The Euro at 20” conference jointly organized by the Central Bank of Ireland and the IMF. We meet at a moment when the EU and euro area are in the midst of difficult decisions about their future. Populist movements — from Brexit to the recent Italian elections — have called into...

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Chapter News

Members of the European Union Parliament criticize “America first” policy

US decision to quit key international deals and start trade war harms EU-US ties, but EU should not give up on transatlantic bond, said committee MEPs on Thursday. In a resolution on the state of EU-US relations, approved by 35 votes to 4, with 2 abstentions, Foreign Affairs Committee MEPs stress that the EU-US relationship is the fundamental guarantor for global stability, but regret that the US administration has chosen a one-sided “America first” policy, that harms the interests of...

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Member News

EY hires new class of elite female athletes and Olympians

EY today announced that it has hired seven elite female athletes into a unique internship program, building on EY’s global program to support elite athletes as they move from careers in sport to careers in business. The new class of female athletes, all of whom compete in winter sports, include five Olympians and one Paralympian. The athletes hail from four different countries: France, Switzerland, The Netherlands and the United States. Nancy Altobello, EY Global Vice Chair – Talent, says: “We’ve seen firsthand...

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Member News

Tradewind Closes Post Shipment Finance Facility for U.S. Subsidiary of German Sensor Manufacturer

Tradewind has provided a $1 million post shipment finance facility to a manufacturer of sensory technology headquartered in Germany. Tradewind funded the US subsidiary who is using the facility to alleviate financial pressure on the parent company so it can invest in R&D and boost production. The company sells to Europe, the US, and across East Asia. The manufacturer decided to pursue financing as it began to grow and cash flow became tight. Products are made in Europe, shipped abroad...

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Member News

European Union and Turkey Announce Tariffs on Certain U.S. Products

By TH International Trade In March 2018, President Trump announced that under Section 232 of the Trade Expansion Act of 1962, the United States would increase tariffs on imports of certain steel products by 25 percent and imports on certain aluminum products by 10 percent on countries worldwide, including imports from the members of the European Union (EU) and Turkey. Although the EU was initially exempted from the imposition of tariffs, these tariffs came into place pursuant to two Presidential Proclamationsissued on May 31, 2018....

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Member News

Jason Thacker, Senior Vice President, Head of Consumer Deposits and Payments at TD, has been named one of Canada’s Top 40 Under 40® for 2018.

By CHERRY HILL Thacker was selected from a pool of more than 800 nominees by an independent advisory board comprised of more than 20 business leaders across Canada, based on four criteria: Vision & Innovation; Leadership; Impact & Influence; and Social Responsibility. "It is an honor to represent TD as a recipient of Canada's Top 40 Under 40 for 2018," said Thacker. "I am proud to stand alongside such accomplished Canadian business leaders. I share this recognition with my fellow TD colleagues and am grateful to the...

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Chapter News

The Commission eliminated in 2017 the highest number ever of trade barriers faced by EU companies doing business abroad 

The Commission eliminated in 2017 the highest number ever of trade barriers faced by EU companies doing business abroad  The annual report on Trade and Investment Barriers, released today, shows that the European Commission has eliminated the highest number ever of trade barriers faced by EU companies doing business abroad. European exporters reported a major increase in protectionism in 2017. The report highlights that thanks to the EU's enhanced Market Access Strategy, 45 obstacles were lifted fully or in part in 2017...

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Member News

Recent Developments in EU and UK Procurement: Competition Requirements, Organizational Conflicts of Interest and Subcontracting Rules

By Louise Huson, Dr Sharon Fitzgerald | DLA Piper In the aftermath of the potential De la Rue challenge to the Home Office’s award of passport delivery services to Gemalto, we look at the EU Commission’s challenge to the Austrian State’s decision to award similar services directly to an Austrian national. As contracting authorities build capacity for “front-ending” projects, the potential for conflict of interest between consultants advising on early scoping issues and subsequently bidding in the project’s procurement has to be managed...

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Member News

Ready for real-time invoice data reporting in Hungary?

By Sandor Karai | Head of Accounting | TMF Hungary Time is running out for VAT-registered companies in Hungary to set up and test their systems ahead of the July deadline. From 1 July 2018, all VAT-registered companies in Hungary are required to report their sales invoice data to the local tax authority in real-time. The reporting will be carried out automatically, via the Hungarian tax authority’s online invoicing portal. Are your reporting systems compatible? What do you need to do to prepare...

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