June 08, 2020 | The Council approved conclusions on the "Team Europe" package that is part of the EU's global response to the COVID-19 pandemic. In its conclusions the Council expresses its deep concern about the global spread of the COVID‑19 pandemic, which continues to claim lives worldwide and have far-reaching social and economic effects. The Council stresses the urgency of protecting the lives and livelihoods of all people, leaving no-one behind, and of prioritising efforts in partner countries that are most in need. In light of that the Council fully supports the "Team Europe" approach and welcomes the announcement that...

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June 05, 2020 | Well-functioning and liquid gas markets are a prerequisite for ensuring affordable energy for consumers, competitiveness of industries, and security of supply. They also play a role in achieving the environmental ambitions of the European Green Deal, which foresees the decarbonisation of the gas sector via a forward-looking design for a competitive decarbonised gas market. To support the reflections on the possible need to enhance the EU regulatory framework for gas markets in the context of the European...

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June 08, 2020 | • Further decline – by 6.3% on average – in number of bank branches in most EU Member States • Number of bank employees also continued to fall by 0.9% on average • Share of total assets of the five largest banks, at national level, ranged from 28% to 97% The European Central Bank (ECB) has updated its dataset of structural financial indicators for the banking sector in the European Union (EU) for the end of 2019. This annual...

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Together with our members we are creating a Video series of first-hand accounts of the Pandemic’s impact, both personally & professionally. We invite you to join us today for a first-hand look at the impact of the global shutdown following the Coronavirus (COVID-19) outbreak – Today we are featuring Catherine Loubier, Delegate General of Québec in New York a EACCNY member. The questions we asked our members for this series are: 1) What are some challenges you, personally and your organization have...

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June 04, 2020 | Today, the European Commission is announcing a pledge of €300 million to Gavi, the Vaccine Alliance, for the period 2021–2025. It will help immunise 300 million children around the world and finance vaccine stockpiles to shield against outbreaks of infectious diseases. Today's Global Vaccine Summit organised by Gavi, the Vaccine Alliance is an important milestone in strengthening health systems and immunisation capacities of the world's most vulnerable countries. This is instrumental in reaching the objectives of the Coronavirus...

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June 04, 2020 | Frankfurt At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The envelope for the pandemic emergency purchase programme (PEPP) will be increased by €600 billion to a total of €1,350 billion. In response to the pandemic-related downward revision to inflation over the projection horizon, the PEPP expansion will further ease the general monetary policy stance, supporting funding conditions in the real economy, especially for businesses and households. The purchases will...

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June 03, 2020 | Today, the Commission launches the second-stage consultation of European trade unions and employers' organisations on how to ensure fair minimum wages for all workers in the European Union. This follows the first-stage consultation which was open from 14 January to 25 February 2020, to which the Commission received replies from 23 EU-wide social partners. Based on the replies received, the Commission concluded that there is a need for further EU action. Already a political priority for the von der...

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2nd Quarter 2020 The Transatlantic Business & Investment Council (TBIC) is the official European representative of selected counties, cities and corporations from over 30 U.S. States. It is our mission to promote transatlantic trade and investment. To that end, the TBIC bridges the gap between Economic Development Organizations (EDOs) and European investors looking to enter or expand in the U.S. market. In this edition of our Quarterly, we present data for the entire year of 2019, including the preliminary (p) numbers...

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