06 Nov
Chapter News

ECB | Working Paper Series: The protectionist gamble: How tariffs shape greenfield foreign direct investment

Abstract: Motivated by current events, this paper assesses the impact of tariff increases on bilateral greenfield foreign direct investment (FDI) over the period 2016-2023. Leveraging a comprehensive dataset of announced greenfield investment projects, official FDI statistics, and bilateral product-level tariff data, we estimate a series of gravity equations to uncover key relationships. Our results show that, at an aggregate level, tariff increases are associated with a rise in greenfield FDI, consistent with the tariff-jumping hypothesis. However, this positive effect reverses...

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06 Nov
Member News

HSBC | We’ve updated our Net Zero Transition Plan

We’ve published our updated Net Zero Transition Plan (NZTP), setting out an evolved, commercially grounded approach to helping customers succeed as the world moves towards a net zero economy. Building on our inaugural NZTP published in January 2024, this updated plan reaffirms our ambition to become a net zero bank by 2050, while responding to a global landscape that has shifted markedly, making the pace of transition more uneven. It’s informed by a deeper understanding of customer transitions, the latest scientific...

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06 Nov
Member News, New York Related News

Trepp | Mamdani Spells Trouble for NYC Multifamily Owners

Zohran Mamdani, the winner of New York City's mayoral election, has proposed freezing rents at the city's rent-stabilized apartment properties. He's proposed other freebies, like bus trips and daycare, but we'll focus on his promise to make apartments rents affordable—by, of all things, freezing them. Mamdani has also proposed building another 200,000 units over the next decade, which would be the route to take to ease some of the city's housing woes. But he aims to have the city build...

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05 Nov
Chapter News

European Commission | EU boosts Europe’s competitiveness with new plans for high-speed rail and sustainable fuels for aviation and waterborne sectors

The European Commission today adopted a comprehensive transport package. It will accelerate the roll-out of Europe's high-speed rail network and to boost investment in renewable and low-carbon fuels for the aviation and waterborne sectors. Competitiveness and sustainability are the guiding principles of this package, which aims to make the EU transport system more efficient, interconnected, accessible, clean and resilient. The measures presented today cover two key areas – rail, where Europe already leads on sustainability, and fuels, where Europe must...

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05 Nov
Chapter News

Council of the EU | 2040 climate target: Council agrees its position on a 90% emissions reduction

Today, the Council has reached an agreement on amending the European climate law (ECL), introducing a binding intermediate climate target for 2040 of a 90% reduction in net greenhouse gas (GHG) emissions, compared to 1990 levels. This new target is a crucial step towards the EU’s long-term goal of achieving climate neutrality by 2050. The amendment also sets out some areas of flexibility and key elements for the 2040 target and for the post-2030 climate framework. These will steer the Commission’s future legislative proposals to...

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05 Nov
Chapter News

IMF | How can Europe Pay for Things it Cannot Afford?

Speech by Alfred Kammer, Director, IMF European Department, at the House of the Euro, Brussels Thank you, , for the kind welcome and the ECB for hosting us again here in Brussels at the House of the Euro. The year 2025 marked a period of profound transformation in the global economy, driven by a reconfiguration of trade policies. For Europe, these developments follow a series of crises—from the pandemic, to Russia’s invasions of Ukraine—that have tested the region’s resilience. Timely policy action has helped avoid the worst, and...

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05 Nov
Chapter News

ECB | Love at second sight: support for the euro before and after adoption

By Ferdinand Dreher and Nils Hernborg, ECB Many Bulgarians are still hesitant about giving up the Lev on 1 January. Mixed feelings are not uncommon in countries adopting the euro. However, survey data show that support significantly increases once people start using the euro in their daily lives. When countries prepare to adopt the euro, public sentiment is often hesitant or split. People tend to worry about prices going up, as well as a loss of their country’s sovereignty or sense...

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05 Nov
Member News

Ogletree Deakins | Cybersecurity Awareness Month in Focus, Part III: The EU AI Act Is Here—What It Means for U.S. Employers

By Benjamin W. Perry and Justin T. Tarka, Ogletree Deakins The European Union’s Artificial Intelligence (AI) Act, effective from August 1, 2024, imposes a risk-based framework on AI systems used within the EU, affecting U.S. employers that use AI for HR functions involving EU candidates or employees. With significant penalties for noncompliance, the AI Act categorizes many workplace AI uses as “high risk,” requiring immediate adherence to specific obligations and full compliance by August 2027. Quick Hits • The EU AI Act took effect on...

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05 Nov
Member News

NAL Research Delivers Assured Connectivity and Enhanced Mission Performance with New SHOUT nano 200 Tracker

The advanced SHOUT nano 200 device will offer comprehensive features and multiple communication methods for increased user safety and operational resilience MANASSAS, Va., October 7, 2025 – NAL Research, a leader in innovative, global connectivity solutions trusted by government and enterprise customers, is announcing a powerful addition to its industry-defining SHOUT product line with SHOUT nano 200. The new tracker provides federal agencies and militaries with enhanced performance, assurance, and adaptability for connectivity in any mission. Unlike traditional handheld trackers that require a clear...

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04 Nov
Member News

Stephenson Harwood | Data Protection Update – October 2025

Welcome to the latest edition of the Stephenson Harwood Data Protection update, covering key developments in data regulation and cyber security law in October 2025. In data regulation news, the European Data Protection Board (“EDPB”) focuses its coordinated enforcement framework on transparency and information obligations under the EU General Data Protection Regulation (“GDPR”); and the ICO launches a consultation on supporting charities to use the “charitable purpose soft opt-in”, introduced by the Data (Use and Access) Act 2025. In cyber security news, Capita...

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