14 Aug
Chapter News, New York Related News

New York State Governor | Governor Hochul Announces Upcoming Convening of Global Experts to Discuss Expanding Clean Energy in New York’s Growing Economy

Summit Will Gather Feedback on Strategies to Accelerate Renewable Energy Deployment and Explore the Potential Role of Next Generation Clean Energy Technologies, supports Advancement of Clean Energy, Economic Growth and Workforce Opportunities for New York while Bringing Benefits to Disadvantaged Communities, builds on Governor Hochul's Unprecedented Investments and Actions to Scale Renewable Energy and Achieve New York's Clean and Renewable Energy Targets. Governor Kathy Hochul today announced New York State will convene global experts to discuss the role of next...

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12 Aug
Chapter News

DoC | Two Years Later: Funding from CHIPS and Science Act Creating Quality Jobs, Growing Local Economies, and Bringing Semiconductor Manufacturing Back to America

Two years ago today, President Biden signed the historic and bipartisan CHIPS and Science Act into law investing nearly $53 billion in funding to bring semiconductor supply chains back to the U.S, create jobs, support American innovation, and protect our national security. To date, the Commerce Department has announced over $30 billion in proposed CHIPS private sector investments spanning 23 projects in 15 states. These projects include 16 new semiconductor manufacturing facilities and are expected to create over 115,000 manufacturing and construction...

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12 Aug
Chapter News

NY Fed | Medium-Term Inflation Expectations Decline; Short and Longer-Term Inflation Expectations Unchanged

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the July 2024 Survey of Consumer Expectations, which shows that inflation expectations were stable at the short- and longer-term horizons, but fell sharply at the medium-term horizon to a new series low. Labor market expectations were mixed, with respondents expecting lower earnings growth and a lower likelihood of finding a new job within three months if they were laid off. Delinquency expectations continued their upward trend...

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12 Aug
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – The ILA is finalizing contract demands, container rates remain high, ongoing concerns for peak season, limited approval for commercial drone flights, and new technology for cargo ships.

The International Longshoremen’s Association (ILA) is preparing to finalize its contract demands and potentially strike on October 1st if an agreement with the United States Maritime Alliance (USMX) is not reached. They’re seeking significant wage increases, citing record profits by companies, and opposing the use of automated systems in ports. They haven’t returned to the bargaining table, instead, they’ve officially notified employers of the contract’s expiration on September 30th, as required by federal labor law. Shippers should be prepared for potential...

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09 Aug
Member News

OCO Global | Red is the New Green: How the Inflation Reduction Act’s 2nd Anniversary is Shaping America’s Future

By Ian Hunter | Approaching its second anniversary, the Inflation Reduction Act (IRA) has emerged as a surprising boon for red states, driving a surge of green energy investments into traditionally conservative regions. In just two years, the Inflation Reduction Act has channeled over $50 billion into red states, revolutionizing local economies. This transformative legislation has not only reshaped the clean energy landscape but also sparked a wave of foreign direct investment (FDI), revitalizing local economies across the United States. ...

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08 Aug
Member News

Noerr | Beneficial owner & transparency register: The new EU Anti-Money Laundering Regulation

In July 2021, the European Commission introduced a package of legislative proposals aimed at combating money laundering. These proposals signalled a significant expansion of transparency obligations related to Know Your Customer processes (KYC-processes) and national transparency registers (see our article from 26 July 2021). Since, an agreement on an EU anti-money laundering package has been reached. This new EU anti-money laundering package includes a series of measures by the EU legislature to harmonise anti-money laundering and counter-terrorism financing laws across...

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07 Aug
Member News

Stephenson Harwood | Introduction to the EU Data Act: Overview of the Act

The EU Data Act (the "Act"), which entered into force on 11 January 2024, is a comprehensive piece of legislation aimed at fostering a fair and competitive digital environment in the European Union. It focuses on ensuring that data is shared more effectively, while protecting the rights of individuals and businesses. Here's an overview of what the Act entails:   Purpose and scope Application The first part of the Act is designed to regulate access to and use of data generated by connected...

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06 Aug
Member News

Bannockburn Global Forex | Fragile Turn Around Tuesday

Overview: Calmer markets are prevailing today, but an unease remains, and market moves continue to be sharp even if less dramatic. Still, it is in these somewhat less volatile conditions that the US dollar is doing better. It is firmer against all the G10 currencies today. The yen and sterling are the weakest, nursing 0.4%-0.5% losses, while the Norwegian krone and the Canadian dollar are faring the best, off 0.05%-0.15%. Emerging market currencies are also mostly lower, except a couple...

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05 Aug
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Air cargo and the IT outage, good news at the Panama Canal, preparations for a strike, warnings from the WTO, and the importance of risk management.

The most recent air freight data reveals that global air cargo rates only saw a slight increase of 0.7% in the week ending July 29, despite the global IT outage that happened in mid-July. This is somewhat unexpected, considering air cargo was already under pressure due to increased demand driven by the ongoing issues in the Red Sea and strength in e-commerce. The capacity through the Panama Canal is increasing, thanks to recent heavy rains. Typically, the canal can handle...

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02 Aug
Member News

K-Mine | Green or Gone: Mining’s New Age

The Crossroads The mining industry, a cornerstone of the global economy, is at a crucial juncture. Faced with escalating environmental regulations, a growing demand for sustainable practices, and the rising cost of traditional energy sources, mining companies are finding that transitioning to renewable energy is no longer an option—it’s a necessity. This shift is not just about compliance or public image. It’s about leveraging new opportunities that renewable technologies bring. Innovations in solar, wind, and hydro energy are not only making...

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