Chapter News

24 May
Chapter News, New York Related News

Applications now open: Global Business Exchange NYC-Milan

Exchange Ideas. Exchange Resources. Exchange Success. At the World Trade Week Awards Breakfast last week, NYCEDC President Maria Torres-Springer announced the opening of applications for the NYCEDC Global Business Exchange (GBX) — Milan. The Global Business Exchange, in partnership with the City of Milan, will build on the successes of the first iteration with Paris to link New York City-based startups with cities across the world and attract top-notch business and talent to New York City. Click here to apply. Up to ten companies from each...

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24 May
Chapter News

Commission awards exemplary projects protecting nature across Europe

Commissioner Vella announced the winners of the 2016 Natura 2000 Awards. The six winners include projects from Bulgaria, Latvia, Spain, the United Kingdom and cross-border projects from Belgium, France, Greece, Bulgaria, Hungary, Finland and Norway. The annual Natura 2000 Awards recognise conservation achievements across the EU and raise awareness about initiatives that protect nature across Europe, benefiting citizens' quality of life as well as the economy on which their prosperity depends. Natura 2000 is a network of over 27 000 protected...

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24 May
Chapter News

Safeguarding your privacy: MEPs scrutinise new data protection agreement with US

Data on your online activities - from social media to shopping - is regularly sold to American advertisers. Strong data protection standards are in place in the EU to protect your privacy, but this is not the case in the US. The EU is now negotiating a new agreement with the US called Privacy Shield to safeguard your data. MEPs debate whether this deal will offer enough protection in plenary on Wednesday 25 May. Read on for an explanation...

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24 May
Chapter News

Anti-tax avoidance: MEPs call for minimum corporate tax rate of 15%

The European Commission's proposal for an EU anti-tax avoidance directive was welcomed by Parliament's Economic and Monetary Affairs Committee in a resolution voted on Tuesday. MEPs nonetheless advocated stricter limits on deductions for interest payments and an effective corporate tax rate of 15%. The committee approved its text by 20 votes to 15, with 21 abstentions. This outcome was closer than expected because at the last minute - during the voting - the EPP group decided to vote blank due...

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23 May
Chapter News, New York Related News

IN2NYC Applications Now Available Online

Applications for the IN2NYC program are now available on the program website. The following schools are currently accepting applications: • City College • LaGuardia Community College • Medgar Evers College • Queens College • College of Staten Island Applications will be reviewed on a rolling basis until the application deadline on July 29, 2016. Visit the website to learn more about the program and apply.

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23 May
Chapter News

Commission releases the 2016 “European Digital Single Market Progress Report”

The European Commission has just released a report on digital progress in the EU. The analysis shows that Member States are at very different stages in the development of the digital economy; some, for example, such as the Nordic countries, are among the most advanced in the world, whilst other still have a lot of catching up to do. Europe's Digital Progress Report (EDPR) presents a set of horizontal chapters analysing developments in five different aspects (connectivity, digital skills, use...

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23 May
Chapter News

Italy: IMF Staff Concluding Statement of the 2016 Article IV Mission

  1. The Italian economy continues to recover from a deep and protracted recession. Buoyed by exceptionally accommodative monetary policy, favorable commodity prices, supportive fiscal policy, and improved confidence on the back of the authorities’ wide-ranging reform efforts, the economy grew by 0.8 percent in 2015 and continued to expand in the first quarter of 2016. At the same time, labor market conditions have been gradually improving, and nonperforming loans (NPLs) appear to be stabilizing. Still, the challenges ahead are...

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23 May
Chapter News

European Commission specifies criteria for banks to hold easily ‘bail-inable’ instruments in case of resolution

The European Commission has taken an important step today towards ensuring the effectiveness of so-called 'bail-in' rules for banks and, more broadly, clarifying the overall EU resolution framework. Today's proposed Delegated Regulation specifies the criteria that authorities responsible for resolving banks will need to consider when setting the minimum requirements for own funds and eligible liabilities (MREL) – or easily 'bail-inable' instruments - for the purpose of loss absorption and recapitalisation of banks. The Delegated Regulation will further clarify a...

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23 May
Chapter News

New Crowdfunding Rules Let the Small Fry Swim With Sharks

Starting Monday, new rules will permit anyone, not just the moneyed, to risk $2,000 a year or more investing in small companies in exchange for a stake in the business. Companies can raise up to $1 million a year this way. This change, years in the making, represents an enormous shift, one that essentially permits anyone to become a venture capitalist — with all the attendant risks of losing one’s shirt on a company that fails. Until now, only accredited...

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23 May
Chapter News

Alphabet’s Eric Schmidt and Apple’s Tim Cook take the stage at Startup Fest Europe

A unique occurrence this week: Eric Schmidt and Tim Cook, CEOs of the world’s most valuable brands (Alphabet and Apple) will both attend Startup Fest Europe’s opening in Amsterdam. Promising startups Apart from the lineup of keynote speakers that includes Tim Cook (Apple), Eric Schmidt (Alphabet, Google’s parent company), Travis Kalanick (Uber) and Nathan Blecharczyk (Airbnb), the opening day on May 24th at the Beurs van Berlage will host Europe’s most promising startups and the world’s greatest Venture Capitalists. Global startup community During...

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