Chapter News

Businesses in the Tri-State Region Struggling to Weather the Coronavirus Outbreak

Wednesday, April 1st, 2020

March 30, 2020 As a result of the coronavirus outbreak, New York State, New Jersey, and Connecticut have closed nonessential businesses and schools and asked residents to stay home in an effort to slow the spread of the virus. These actions are unprecedented, and the economic impacts are likely to be temporary but severe, and […]

Maintaining Banking System Safety amid the COVID-19 Crisis

Tuesday, March 31st, 2020

March 31, 2020 Today we face economic upheaval potentially more severe than we witnessed during the global financial crisis. The coronavirus pandemic is a different kind of shock. Never before have modern economies shut down at the drop of a hat. From one week to the next, many workers lost their jobs and paychecks. Restaurants, hotels, […]

New OECD outlook on the global economy

Tuesday, March 31st, 2020

Efforts to contain virus and save lives should be intensified, and governments should plan stronger, more co-ordinated measures to absorb growing economic blow. Increasingly stringent containment measures, needed to slow the spread of the Coronavirus (Covid-19), will necessarily lead to significant short-term declines in GDP for many major economies, according to new OECD projections. OECD […]

IMF Executive Board Approves Framework for New Bilateral Borrowing Agreements

Tuesday, March 31st, 2020

March 31, 2020 • The IMF’s Executive Board has approved a framework for a new round of bilateral borrowing, to succeed agreements currently in place through end-2020 • This action is part of a broader package on IMF resources and governance reform that will help maintain the IMF’s lending capacity of $1 trillion • These […]

Coronavirus: Commission presents practical guidance to ensure the free movement of critical workers

Monday, March 30th, 2020

30 March 2020 Today, the Commission has issued new practical advice to ensure that mobile workers within the EU, in particular those in critical occupations to fight the coronavirus pandemic, can reach their workplace. This includes but is not limited to those working in the health care and food sectors, and other essential services like […]

COVID-19 – Council adopts measures for immediate release of funds

Monday, March 30th, 2020

30 March 2020 | 13:15 The EU is taking swift action to make available money to help tackle the effects of the COVID-19 pandemic. The Council today adopted two legislative acts to quickly release funding from the EU budget for tackling the COVID-19 crisis. One of the acts amends the rules of the structural and investment funds, […]

Coronavirus: harmonised standards for medical devices to respond to urgent needs

Thursday, March 26th, 2020

March 25, 2020 Yesterday, the Commission adopted decisions on harmonised standards which will allow manufacturers to place on the market high performing devices to protect patients, health care professionals and citizens in general. The standards will facilitate a faster and less expensive conformity assessment procedure. The revised harmonised standards play a pivotal role in the […]

EEAS special report: Disinformation on the Coronavirus – short assessment of the information environment

Wednesday, March 25th, 2020

March 19, 2020 With the outbreak of COVID-19, we have seen the proliferation of significant quantities of news, myths, and disinformation about it – coming from various sources both within and outside of the European Union. The World Health Organisation has stated that the outbreak of and response to COVID-19 has been accompanied by a […]

The Coronavirus pandemic and the new world it is creating

Wednesday, March 25th, 2020

23/03/2020 – 18:22 COVID-19 will reshape our world. We don’t yet know when the crisis will end. But we can be sure that by the time it does, our world will look very different. How different will depend on the choices we make today. “COVID-10 will reshape our world. We don’t yet know when the […]

OECD Secretary-General: coronavirus “war” demands joint action

Wednesday, March 25th, 2020

Commits policy support, saying efforts must have “Ambition of Marshall Plan, vision of New Deal” 21/03/2020 – OECD Secretary-General Angel Gurría called today for sweeping joint action by governments to defeat the health, economic, and social threats of the coronavirus (Covid-19) pandemic.  In calling on governments to better coordinate their efforts, Gurría announced that the […]