06 Jul
Chapter News, News, Trade & TTIP Related

European Parliament | MEPs Strengthen the EU’s Carbon Border Adjustment Mechanism and Close Loopholes

Long list of downstream products added to carbon border adjustment mechanism (CBAM) Tougher anti-circumvention rules to prevent abuse A temporary decarbonisation fund to protect EU firms in export markets Environment Committee MEPs have backed extending the EU's carbon border adjustment mechanism to downstream goods and setting up a fund to support industry's low-carbon transition. The Committee on the Environment, Climate and Food Safety adopted its position on proposed changes to the CBAM by 56 to 11, with 12 abstentions. The MEPs...

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06 Jul
Chapter News, News

ECB | Interview with Christine Lagarde, President of the ECB

Interview with Les Échos conducted by Guillaume Benoit and Christophe Jakubyszyn on 24 June 2026 On 11 June, the ECB raised its key interest rates. Do you still think that was the right decision, given that just ten days later Iran and the United States agreed a 60-day ceasefire? We are confident that we made the right choice. As early as April, a large majority of Governing Council members were already prepared to take a decision. But at that point we...

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06 Jul
Member News, News, Trade & TTIP Related

Troutman Pepper Locke | Beyond CAPE: Importers Move for Class Certification to Recover Liquidated IEEPA Tariffs Not Covered in Phase 1 of Refund Process

Key Points Plaintiffs in V.O.S. Selections, Inc. v. Trump moved to certify a mandatory class under Rule 23(b)(2) covering all importers whose IEEPA tariff refund claims remain ineligible for processing through the government’s CAPE program. The U.S. Supreme Court held in Learning Resources, Inc. v. Trump that IEEPA does not authorize the president to impose tariffs, requiring the government to process and pay refunds with interest on all affected entries. The government has limited CAPE to entries liquidated within the preceding 90 days,...

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06 Jul
Member News, News

Trepp | The 13 Colonies Have a New Battle on Their Hands: Office Distress

About 250 years after the original 13 colonies declared their independence from England, their commercial real estate markets are facing a very different battle: CMBS office delinquencies. Office distress is not evenly distributed across our nation's first 13 states. Only four states with CMBS office exposure posted delinquency rates below the national average of 16.75%. Connecticut recorded the highest CMBS office delinquency rate among the states at 52.63%, with 13 properties carrying delinquent loans that have a balance of $730 million....

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06 Jul
Member News, News, Trade & TTIP Related

Jaguar Freight | Death, Taxes…and Higher Prices

In this week’s Roar: The end of the USMCA, ocean carriers are increasing capacity, updates to the tariff refund portal, top supply chain technology trends, and amending the Direct Air Waybill Framework. The U.S. has declared that it won’t extend the USMCA, which will trigger a 10-year countdown for the North American Trade Pact to expire in 2036. The move launches a six-year review at a time when U.S. officials are pushing for tougher regional content rules and new trade protections....

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02 Jul
Chapter News, News, Uncategorized

IMF | Tokenization Can Change the World’s Financial Architecture

Policy choices will determine whether tokenized finance strengthens or fragments the financial system. Tokenization is often described as a technological upgrade enabling faster settlement, cheaper payments, and programmable assets. But it is a lot more. When financial assets and liabilities move onto shared digital ledgers, the structure of the financial system itself changes. Processes that today occur sequentially — execution, clearing, settlement —can now happen simultaneously, governed by software rather than institutional processes. Risk could migrate away from the balance sheets...

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02 Jul
New York Related News, News

Grassi | New York State Budget Bill Passed with Numerous Changes

New York’s recently enacted Fiscal Year 2027 State Budget, signed into law on May 28, 2026, approved significant tax law changes for both personal and business taxes. Although the Bill preserves NY’s business tax rates, several major law changes could meaningfully impact 2025 tax returns and prospective tax planning. Below is a summary of the key provisions. RATES REMAIN UNCHANGED New York’s personal income and business tax rates remain unchanged in the Bill. The 7.25% corporate franchise rate on business income...

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02 Jul
News, TRIA News

EIB President Calviño in Morocco: With New Investment for Resilient Transport Networks, Boosting Connectivity and Economic Opportunities

EIB President Nadia Calviño is visiting Morocco to reaffirm the Bank’s long-standing partnership with the Kingdom and stepped-up support for shared priorities in sustainable infrastructure, climate action and resilience, at a time of renewed momentum in EU–Morocco relations. As the financing arm of the European Union, the EIB announced €365 million in investments in Morocco’s transport sector. These operations will strengthen the resilience and security of Morocco’s motorway network and national railway system. The railway operation also benefits from a...

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02 Jul
News, TRIA News

DFC | URIF Holds Fourth Board Meeting at Ukraine Recovery Conference

WASHINGTON, D.C. – The U.S.–Ukraine Reconstruction Investment Fund (URIF) held its fourth board meeting on Wednesday, June 24, on the sidelines of the Ukraine Recovery Conference in Gdańsk, Poland. At the meeting, URIF’s Board of Directors discussed the landmark cooperation agreement between the U.S. International Development Finance Corporation (DFC) and the Multilateral Investment Guarantee Agency (MIGA) – the home of the World Bank Group Guarantee Platform – that will support Political Risk Insurance (PRI) for URIF investments. The cooperation...

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01 Jul
Member News, News

Trepp | No Taxation Without Data-Center Regulation

While no tea has been thrown into any harbors just yet, local communities throughout the country have been increasingly pushing back on data-center developments. In fact, a panelist at Trepp Connect (in NYC) in May noted that community pushback is the greatest challenge that data-center developers are facing today. Last year, at least 25 data-center projects throughout the country were canceled because of local resistance, a quadrupling of the number of projects that were canceled in 2024, according to Newmark. Communities oppose...

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