Member News

Berkowitz Pollack Brant | Ransomware attacks continue to rise among small and mid-size businesses

Article by Brandon Bowers | These costs are one reason why ransomware attacks are particularly damaging to small businesses, 60 percent of which are forced to go out of business within six months following a breach.   PROTECTING AGAINST RANSOMWARE ATTACKS One of the first steps small- and mid-size businesses should take to protect themselves against ransomware attacks is understanding how these scams begin. Countless studies have found that the most common ways criminals access victims’ systems are 1) phishing scams, in...

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ECB publishes first progress report on digital euro preparation phase

ECB designing high privacy standards to make online and offline digital payments as close as possible to cash transactions ECB started work on designing methodology for calibrating digital euro holding limits ECB continues to provide technical input to legislative discussions with European co-legislators The European Central Bank (ECB) today published its first progress report on the digital euro preparation phase, which was launched on 1 November 2023 with the aim of laying the foundations for the potential issuance of a digital euro. The...

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European Council | 14th package of sanctions on Russia’s war of aggression against Ukraine: EU lists additional 69 individuals and 47 entities

As part of the comprehensive fourteenth package of sanctions adopted earlier today, the Council decided to impose restrictive measures on an additional 69 individuals and 47 entities responsible for actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. Today's new listings target several businesspersons, propagandists and public figures, members of the army and the judiciary, persons responsible for deportation of Ukrainian children, as well as members of the Federal Security Service of the Russian Federation (FSB) involved in religious persecution in...

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Member News

EIB Board of Directors approves €12.8 billion new financing for transport, energy and business investment

€5 billion for high-speed rail, urban transport and upgrading ports €2.6 billion for onshore wind, upgrading electricity grids, small scale renewables and biofuels €2.9 billion for urban development, education, housing, health and water €2.1 billion for corporate innovation, steel and semiconductor business financing The Board of Directors of the European Investment Bank (EIB) today approved €12.8 billion of new financing to upgrade sustainable transport, increase renewable energy use, build new student housing, improve earthquake and flood protection, and help...

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Jaguar Freight | The Weekly Roar – Top Shipping News

In this week’s Roar: chances increase for a rail strike in Canada, U.S. freight trends, the 2023 State of Logistics Report, diesel prices on the way up, and details from a new Gartner report. The potential for a rail strike in Canada has increased. Final submissions to the Canada Industrial Relations Board (CIRB) from rail companies and the union — Teamsters Canada Rail Conference — reveal that neither believe a strike would disrupt essential services or cause any serious safety issues. However,...

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Member News

Trepp | Annemarie DiCola of Trepp Honored with Fordham REI’s Groundbreakers Award

NEW YORK – June 21, 2024: Trepp, Inc., a leading provider of information, analytics, and technology solutions to the structured finance, commercial real estate (CRE), and banking markets, announced today that its Chief Executive Officer, Annemarie DiCola, has been honored with the Groundbreakers Award from Fordham University’s Real Estate Institute (REI). This prestigious award recognizes leaders who have made significant contributions to the CRE industry. Annemarie was honored on the evening of June 18th at the Building Futures Annual Awards Gala,...

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Chapter News

IMF | A Strategy for European Competitiveness

Remarks by Kristalina Georgieva, IMF Managing Director, to the Eurogroup on a Strategy for European Competitiveness, Luxembourg As prepared for delivery Thank you, Paschal, for your kind invitation to address ministers today on industrial policy, as part of your broader deliberations on competitiveness. Last year, when I spoke here about the European capital market union, I started by saying it was a topic close to my heart, one we at the IMF deeply cared about. This year, a different tone: industrial policy...

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Member News

EIB Board of Directors approves €12.8 billion new financing for transport, energy and business investment

€5 billion for high-speed rail, urban transport and upgrading ports €2.6 billion for onshore wind, upgrading electricity grids, small scale renewables and biofuels €2.9 billion for urban development, education, housing, health and water €2.1 billion for corporate innovation, steel and semiconductor business financing The Board of Directors of the European Investment Bank (EIB) today approved €12.8 billion of new financing to upgrade sustainable transport, increase renewable energy use, build new student housing, improve earthquake and flood protection, and help...

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European Commission | European Semester Spring Package provides policy guidance to enhance the EU’s competitiveness and resilience, and maintain sound public finances

The Commission is today providing policy guidance to Member States under the 2024 European Semester Spring Package to build a robust and future-proof economy that secures competitiveness, resilience and long-term prosperity for all, while maintaining sound public finances, in the face of a challenging geopolitical environment. The EU is determined to take further steps to enhance its long-term competitiveness, prosperity and leadership on the global stage and to strengthen its open strategic autonomy. While the EU and its Member States have strong assets...

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Vulcan View: The latest EU developments 17 June – 21 June

G7 Leaders reach agreement on Ukraine, Middle East and AI The 50th G7 Summit was held in Borgo Egnazia (Fasano) Apulia, it’s on 13-15 June 2024. Those in attendance included the Leaders of the seven member States, as well as the President of the European Council and the President of the European Commission representing the European Union. Sharing a belief in democratic principles, universal human rights, social progress, respect for multilateralism and the rule of law, they met to reaffirm their unity and determination...

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