21 May
Chapter News, News

OECD | GDP growth in the OECD Area Picks up Moderately in the First Quarter of 2026

Corrigendum: In the OECD GDP release published on 21 May 2026, the quarter-on-quarter growth for Italy in the first quarter of 2026 is 0.2%, and not 0.1% as initially published in the last sentence of the second paragraph. GDP (Gross Domestic Product) growth in the OECD area increased slightly to 0.4% in Q1 2026, up from 0.2% in the previous quarter, according to provisional estimates (Figure 1). This reflects a mixed picture across the 28 OECD countries for which data was...

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20 May
Member News, News

CMS | EU AI Act Developments: Key Political Agreement on the Digital Omnibus on AI, Implementation Timeline and Transparency Consultation

On 8 May 2026, the EU Commission opened its consultation on the draft guidelines on AI transparency obligations under Article 50 of the AI Act, providing practical guidance to help authorities, providers, and deployers of AI systems to comply with their relevant obligations in a consistent, effective, and uniform way. The consultation period will run until 3 June 2026. Parliament is expected to vote on the final text by 7 July 2026. The Commission’s decision came a day after the Council...

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20 May
Chapter News, News

IMF | Responding to the Energy and Food Price Shock: Getting the Policy Details Right

Blog | Governments can protect vulnerable households, keep businesses open, and preserve price signals without straining public finances. When global energy prices spike, governments face an unenviable dilemma: shield people and businesses while straining already reduced room in public budgets—or let prices rise for everyone and risk social and political backlash. So, how can policymakers do the best of both? To be sure, there is no one-size-fits-all response because the impact of the war in the Middle East differs widely across...

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20 May
Chapter News, News

European Council | EU-US trade: Council and Parliament Strike a Deal to Implement the Tariff Elements of the Joint Statement

Today, the Council presidency and the European Parliament reached a provisional agreement on two regulations aimed at implementing the tariff-related aspects of the EU-US Joint Statement, agreed on 21 August 2025. The agreement marks an important step in delivering on the commitments undertaken in the EU-US Joint Statement. It aims at enhancing a stable and predictable transatlantic trade relationship, while ensuring robust safeguards and preserving flexibility to be able to protect the EU’s economic interests, if needed. The Joint Statement is expected to serve as a platform to...

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19 May
Member News, News, Trade & TTIP Related

Barnes & Thornburg | The False Claims Act’s New Frontier: $549.5 Million Customs Fraud Settlement Signals Continued Enforcement Shift

Highlights The $549.5 million Perfectus Aluminum settlement is more than ten times larger than the previous record for a customs-related False Claims Act (FCA) resolution and the latest in a string of major cases involving Chinese imports. The U.S. Department of Justice (DOJ)'s new Corporate Enforcement Policy creates a 120-day clock. Once a whistleblower reports internally, the company has 120 days to self-disclose or lose eligibility for a presumptive declination of prosecution. A single customs fraud scheme can simultaneously...

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19 May
Chapter News, News, Trade & TTIP Related

Office of the United States Trade Representative | USTR to Host G20 Trade Ministerial in Milwaukee, Wisconsin

 Ambassador Jamieson Greer will host the G20 Trade Ministerial in Milwaukee, Wisconsin from Wednesday, September 30 to Thursday, October 1. “President Trump’s tariff program is actively rebalancing global trade, reversing decades of non-market policies and practices to protect American workers and businesses,” said Ambassador Greer. “At the G20 Trade Ministerial this fall, USTR will lead discussions with the G20 Trade Ministers on a wide array of issues, including ending forced labor, updating the Most-Favored Nation (MFN) Principle, denouncing weaponization of trade...

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19 May
Chapter News, News

European Parliament | Protecting EU Strategic Sectors from Risky Foreign Investments

Screening of investments to be mandatory for all member states in sensitive sectors such as defence, financial services and semiconductors New regulation is crucial to the EU's economic security Improved cooperation mechanism among Member States and harmonisation of procedures European Commission to set conditions on foreign investments On Tuesday, Parliament approved new EU rules for the screening of foreign investments to prevent security risks. With 508 votes in favour, 64 against and 90 abstentions, MEPs gave their green light to...

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18 May
Chapter News, News, Trade & TTIP Related

World Bank | Fertilizer Prices Surge as Strait of Hormuz Disruptions Tighten Supplies

This blog post is part of a special series based on the April 2026 Commodity Markets Outlook, a flagship report published by the World Bank Group. This series features concise summaries of commodity-specific sections extracted from the report. The World Bank Group’s fertilizer price index rose more than 12 percent in 2026Q1 (q/q), marking its sixth increase in seven quarters. By April 2026, the index had reached its highest level since October 2022, driven mainly by export disruptions related to the closure...

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18 May
Member News, News

Troutman Pepper Locke | Policymakers Consider Temporary Pause on AI Data Center Construction: What Stakeholders Need to Know

Data center developers and hyperscalers are racing to build artificial intelligence (AI) infrastructure and data centers across the United States. In response, federal and state policymakers have introduced legislative measures targeting rising electricity costs, grid strain, environmental impacts, and AI-driven job losses. The most aggressive of these is a moratorium on data center construction. On March 25, 2026, Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez announced the Artificial Intelligence Data Center Moratorium Act. The act would impose a nationwide halt on constructing or...

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18 May
Chapter News, News

European Commission | Report Shows Schengen Area Continues to be Resilient and Ready for Future Challenges

The Commission published its fifth State of the Schengen report, reviewing developments in the Schengen area over the past year and setting priorities for the year ahead. The Schengen area continues to demonstrate resilience, underpinned by collective efforts at both EU and national level. The Schengen area is one of the European Union's most tangible and valued achievements, enabling a more than 450 million EU citizens to travel, work, study and live freely across borders while supporting trade, tourism and freedom of...

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