19 Oct
Chapter News

DoC | Biden-Harris Administration Opens Funding Competition for Up to $1.6 Billion to Accelerate U.S. Semiconductor Advanced Packaging Technologies

Program will drive U.S. leadership in semiconductors as well as provide the critical technology and skilled workforce needed for U.S. semiconductor packaging Today, the Biden-Harris Administration issued a Notice of Funding Opportunity (NOFO) funded by the CHIPS and Science Act to enable the United States semiconductor industry to adopt innovative new advanced packaging flows for semiconductor technologies. This investment comes as part of the President’s overarching Investing in America agenda, which is increasing American competitiveness and boosting manufacturing in industries of...

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18 Oct
Chapter News

ECB | Working Paper Series: Climate capitalists

Non-Technical Summary One of the most dramatic trends in financial markets over the last decade has been the rise of sustainable investing. Many prominent institutions, such as the European Central Bank, now publicly support sustainable investing. It is often argued that sustainable investing can incentivize firms to act more sustainably by decreasing the cost of capital firms have to pay for their green investments. Despite the prominence of this idea, it is unclear whether sustainable investing influences firm behavior through...

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18 Oct
Member News

Vulcan View: The latest EU developments 14 October – 18 October

Roxana Mînzatu, Executive Vice-President for People, Skills, and Preparedness Romania’s initial nominee, Victor Negrescu, was withdrawn following von der Leyen’s tempting offer of a more esteemed portfolio to countries that nominated a female candidate. In response, Romania proposed Roxana Mînzatu, thereby securing a Vice-President position. Roxana Mînzatu has been appointed Executive Vice-President for People, Skills, and Preparedness, with additional responsibilities for quality jobs. A long-standing member of the Social Democratic Party since her time at the University of Bucharest, where she...

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17 Oct
Chapter News

European Commission | New rules to boost cybersecurity of EU’s critical entities and networks

The Commission has adopted today the first implementing rules on cybersecurity of critical entities and networks under the Directive on measures for high common level of cybersecurity across the Union (NIS2 Directive). This implementing act details cybersecurity risk management measures as well as the cases in which an incident should be considered significant and companies providing digital infrastructures and services should report it to national authorities. This is another major step in boosting the cyber resilience of Europe's critical...

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17 Oct
Member News

EIB Board approves €5.8 billion for upgrading major energy and transport connectivity projects in Europe and beyond

Power and water projects to receive €2.2 billion in financing. Urban and educational initiatives allocated €1.8 billion. Transport sector projects of €1.1 billion approved. EIB Board seminar with Civil Society discussed the impact of Group financing. The Board of Directors of the European Investment Bank (EIB) approved a total of €5.8 billion of fresh financing for projects ranging from clean energy in Poland and schools in France to post-disaster reconstruction in Italy and railway safety in Croatia. The Board...

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16 Oct
Member News

Osborne Clarke | UK government announces new Employment Rights Bill: what does this mean for employers?

Proposals around unfair dismissal and probationary periods not planned to come into force until autumn 2026 The government has today "unveiled" its Employment Rights Bill, as it looks to deliver "economic security and growth to businesses, workers and communities across the UK". Many of the proposed reforms have been heavily trailed in Labour's Make Work Pay plan and in the media after the government's election, but there has been increasing speculation as to what may or may not be included in...

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16 Oct
Chapter News

European Commission | Independent experts call for increased investment to strengthen Europe’s research and innovation leadership

More excellent research, impactful innovation and technology scale-ups are needed to make Europe more globally competitive, secure and sustainable. These are among the twelve expert recommendations presented today to the Commission to strengthen Horizon Europe, the EU research and innovation programme, and its successor. The recommendations have been drafted by an independent group of 15 leading experts chaired by Manuel Heitor, former secretary of state for science, technology and higher education of Portugal. Their report, entitled ‘Align, Act, Accelerate: Research,...

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16 Oct
Chapter News

IMF | Global Public Debt Is Probably Worse Than it Looks

Elevated risks to public debt call for enduring and carefully designed fiscal adjustments Blog post by Era Dabla-Norris, Davide Furceri, Raphael Lam, Jeta Menkulasi | Global public debt is very high. It is expected to exceed $100 trillion, or about 93 percent of global gross domestic product by the end of this year and will approach 100 percent of GDP by 2030. This is 10 percentage points of GDP above 2019, that is, before the pandemic. While the picture is not homogeneous—public debt is...

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16 Oct
Chapter News

European Council | Second meeting of the Accession Conference with Albania at ministerial level

The second meeting of the Accession Conference with Albania at ministerial level was held today in Luxembourg. The European Union delegation was led by Mr Péter Szijjártó, Minister of Foreign Affairs and Trade, on behalf of the Hungarian Presidency of the Council of the European Union, with the participation of Commissioner for Neighbourhood and Enlargement Olivér Várhelyi. The Albanian delegation was led by Mr Edi Rama, Prime Minister of Albania. The meeting served to open negotiations with Albania on Cluster 1:...

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16 Oct
Chapter News

European Commission | The Recovery and Resilience Facility continues to deliver, Commission third annual report shows

The implementation of the Recovery and Resilience Facility (RRF), at the heart of the EU's recovery instrument NextGenerationEU, is speeding up, fostering continuous reform and investment progress in Member States. As shown in the Commission's third Annual Report on the RRF adopted today, the Commission is supporting Member States in the full and timely delivery of their plans through more streamlined processes, and has further improved both transparency and mechanisms to protect the EU financial interests. The RRF, with €650 billion in grants...

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