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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14 Oct
Member News

Jaguar Freight | The Weekly Roar – Top Shipping News

In this week’s Roar: Dealing with the Red Sea crisis, strong U.S. import volumes, the ILA’s stance on automation, stricter regulations in China, and a Port of Montreal update. The ongoing crisis in the Red Sea has led to an 80% decrease in volumes through the Suez Canal since May. This has put supply chain leaders in a position of needing to balance a number of priorities, such as cost management and operational efficiency, sustainability goals and business continuity, and short-term gains...

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11 Oct
Chapter News

European Council | Climate finance: Council approves conclusions ahead of COP29

Today, the Council approved conclusions on climate finance ahead of the United Nations framework convention on climate change (UNFCCC) meeting in Baku, Azerbaijan, from 11 to 22 November 2024 (COP 29). In its conclusions, the Council underlines that the EU and its member states are committed to the current goal of developed countries to collectively mobilise $100 billion per year in climate finance until 2025. This goal was met for the first time in 2022. The Council also highlights its strong...

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11 Oct
Chapter News

OECD | Stronger consumer protections needed to address current and emerging harms consumers face online

Nine out of ten consumers have been affected by “dark commercial patterns” - manipulative online design tactics such as countdown timers, hidden fees, and subscription traps that influence consumer behaviour and often lead to unintended purchases or privacy compromises. These deceptive practices are widespread on websites and apps, posing significant risks to consumers worldwide. The findings are part of a new OECD survey conducted with over 35 000 respondents across 20 countries. They were presented during the OECD Consumer Policy Ministerial...

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11 Oct
Member News

Cilcare wins prestigious Hearing Technology Innovator Award for CIL001

Cilcare is proud to announce that its breakthrough compound, CIL001, has been named the winner in the Therapeutics category at the 5th Annual Hearing Technology Innovator Awards™, hosted by Hearing Health & Technology Matters. This prestigious recognition celebrates the innovative potential of CIL001, a first-in-class drug candidate designed to treat cochlear synaptopathy, a leading cause of age-related hearing loss, often referred to as “hidden hearing loss.” This condition affects millions worldwide and is characterized by difficulty hearing in noisy environments—an issue for which there is currently...

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11 Oct
Member News

Vulcan View: The latest EU developments 7 October – 11 October

Ireland’s infrastructure deficit: Less bureaucracy, more solutions In an environment where maintaining competitiveness is paramount to economic success, Ireland is suffering from a chronic infrastructure deficit. This is attributed to inadequate investment, short-term planning and a lack of ambition. In July 2024, the National Competitiveness and Productivity Council launched a report on Ireland’s Competitiveness Challenge. The report highlighted that the global competition to attract Foreign Direct Investment is intensifying. The report also specified the key challenges facing Ireland in relation to...

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09 Oct
Chapter News

ECB | Towards a digital capital markets union

Keynote speech by Piero Cipollone, Member of the Executive Board of the ECB, at the Bundesbank Symposium on the Future of Payments   Frankfurt am Main, 7 October 2024 The foundations of the financial system as we know it today can be traced back to 14th-century Italy, when double-entry bookkeeping was introduced, along with nostro and vostro accounts to facilitate the settlement of foreign trades across separate, independent ledgers. Although today’s financial markets are highly complex and sophisticated, the fundamental practice of bookkeeping across ledgers has...

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09 Oct
Chapter News

OECD | Global economy is turning the corner as inflation declines and trade growth strengthens

The global economy is turning the corner as growth remained resilient through the first half of 2024, with declining inflation, though significant risks remain, according to the OECD’s latest Interim Economic Outlook. With robust growth in trade, improvements in real incomes and a more accommodative monetary policy in many economies, the Outlook projects global growth persevering at 3.2% in 2024 and 2025, after 3.1% in 2023. Inflation is projected to be back to central bank targets in most G20 economies by the...

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09 Oct
Chapter News

OECD – FSB Roundtable on Artificial Intelligence (AI) in Finance: Summary of key findings

The adoption of artificial intelligence in the financial sector presents significant opportunities for efficiency and value creation, but it also introduces potential risks that must be addressed. On 22 May 2024, the Organisation for Economic Co-operation and Development (OECD) and the Financial Stability Board (FSB) held a roundtable with experts from the public and private sectors and with academics to analyse trends and use cases of artificial intelligence (AI) in finance. Roundtable participants discussed opportunities and risks and shared emerging...

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09 Oct
Member News

EIB | EU finance ministers welcome proposals for new EIB Group initiatives to deepen Europe’s capital markets, channel savings into productive investments and boost competitiveness

Plans discussed with European Finance ministers in Luxembourg will broaden financing options and tools available to scale up European innovative companies and unicorns. The instruments to be deployed by the EIB Group include expanding the successful European Tech Champions Initiative Fund-of-Funds, equity and venture capital investments for scale-ups, and a new Exit platform to facilitate purchases and listing of tech start-ups. European Union Finance ministers have welcomed an Action Plan to be deployed by the European Investment Bank (EIB)...

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