Chapter News, COVID-19 News

NextGenerationEU: European Commission raises €20 billion in first transaction to support Europe’s recovery

On June 15, the European Commission, in its first NextGenerationEU transaction, raised a €20 billion via a ten-year bond due on 4 July 2031 to finance Europe's recovery from the coronavirus crisis and its consequences. This is the largest-ever institutional bond issuance in Europe, the largest-ever institutional single tranche transaction and the largest amount the EU has raised in a single transaction. The bond has attracted a very strong interest by investors across Europe and the world, thanks to which...

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Chapter News, COVID-19 News

Coronavirus: EU Commission proposes update to coordinated travel measures ahead of the summer

Today, the European Commission has proposed an update to the Council Recommendation on the coordination of free movement restrictions in the EU, which were put in place in response to the COVID-19 pandemic. As the epidemiological situation is improving and vaccination campaigns are speeding up all over the EU, the Commission is proposing that Member States gradually ease travel measures, including most importantly for the holders of the EU Digital COVID Certificate. The Commission has also proposed to update the common criteria...

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Chapter News, COVID-19 News

EU Commission disburses €14.1 billion under SURE to 12 Member States

The European Commission has today disbursed €14.137 billion to 12 EU Member States in the seventh instalment of financial support under the SURE instrument. As part of today's operations, Belgium has received €2 billion, Bulgaria €511 million, Cyprus €124 million, Greece €2.54 billion, Spain €3.37 billion, Italy €751 million, Lithuania €355 million, Latvia €113 million, Malta €177 million, Poland €1.56 billion, Portugal €2.41 billion and Estonia €230 million. This is the first time that Bulgaria and Estonia are receiving...

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Chapter News, COVID-19 News

Global leaders adopt agenda to overcome COVID-19 crisis and avoid future pandemics

Leaders of the G20 committed today to a series of actions to accelerate the end of the COVID-19 crisis everywhere and better prepare for future pandemics, at a summit co-hosted by European Commission President Ursula von der Leyen and Italian Prime Minister Mario Draghi, as G20 chair. President Ursula von der Leyen said: “This very first G20 summit on health marks the beginning of a new chapter in global health policy. World leaders strongly committed to multilateralism and global cooperation in health. This means,...

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COVID-19 News, Member News

Troutman Pepper | What Employers Need to Know About the CDC’s New Mask and Physical Distancing Guidance

Who Needs to Know All employers with employees currently working onsite or who would like to return their workforce to the office in the future. Why It Matters The CDC’s most recent guidance is a big step forward in the long-awaited attempt to return to pre-pandemic life for fully vaccinated Americans. While many employers may assume they can relax their pandemic health and safety protocols accordingly, employers face special considerations, including a mosaic of state and local guidance impacting their operations. The Centers...

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COVID-19 News, Member News

Troutman Pepper | COVID-19 Resource Guide for Human Resources Professionals: Employers Must Notify Workers About New COBRA Continuation Coverage Rights by May 31

Who Needs to Know U.S. employers, particularly HR personnel. Why It Matters The May 31 deadline to notify workers about new COBRA continuation coverage rights is rapidly approaching. Many employers still have questions about who should receive this notice. This alert provides a step-by-step guide to help answer this question. By now you’re aware that the American Rescue Plan Act (ARPA), signed into law by President Biden on March 11, provides a six-month COBRA subsidy for individuals who lose health coverage due to...

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Chapter News, COVID-19 News

Coronavirus: EU Commission proposes EU Strategy for the development and availability of therapeutics

The European Commission is today complementing the successful EU Vaccines Strategy with a strategy on COVID-19 therapeutics to support the development and availability of much-needed COVID-19 therapeutics, including for the treatment of ‘long COVID'. Today's Strategy covers the full lifecycle of medicines: from research, development and manufacturing to procurement and deployment. It is part of the strong European Health Union, in which all EU countries prepare and respond together to health crises and ensure the availability of affordable and innovative medical supplies – including...

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Chapter News, COVID-19 News

Coronavirus: EU Commission mobilises €123 million for research and innovation to combat the threat of variants

The EU Commission is mobilising €123 million from Horizon Europe, the new EU research and innovation programme, for urgent research into coronavirus variants. This first emergency funding under Horizon Europe adds to a range of EU-funded research and innovation actions to fight the coronavirus and contributes to the Commission's overall action to prevent, mitigate and respond to the impact of coronavirus variants, in line with the new European bio-defence preparedness plan HERA Incubator. Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth,...

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Chapter News, COVID-19 News

“COVID-19 shows why united action is needed for more robust international health architecture”

Op-ed article by President Charles Michel, WHO Director General Dr Tedros Adhanom Ghebreyesus and more than 20 world leaders | The COVID-19 pandemic is the biggest challenge to the global community since the 1940s. At that time, following the devastation of two world wars, political leaders came together to forge the multilateral system. The aims were clear: to bring countries together, to dispel the temptations of isolationism and nationalism, and to address the challenges that could only be achieved together...

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COVID-19 News, Member News

MJV | Cybersecurity: how to reduce cyber attack risks in the home office era

The outlook we had previously was that companies in the financial and insurance sectors were the champs in suffering from cyber attacks, naturally because they have plenty of valuable resources: data. However, that is changing. Unfortunately, we see companies of all sectors suffering from these attacks. This is because data is everywhere. And it's worth more than oil. What the most problematic element of Cybersecurity? The ever-changing nature of risks. Therefore, measures to add new layers of security to operations and...

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