Chapter News

02 Oct
Chapter News

How are EACC Firms Reacting to Rising Global Trade Tensions?

By Todd Schwartz | Executive Director EACC Cincinnati  I’m sure each of you are carefully following the rise in trade tensions around the world.  It’s clear that rising tariffs and trade restrictions have the potential to significantly impact manufacturers and consumers across our region and around the world.  And we’ve been fortunate to host individuals like EU Ambassador to the US David O’Sullivan and Head of Division for the US and Canada of the European External Action Service Richard Tibbels,...

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01 Oct
Brexit News, Chapter News

Why The EU Has Difficulties With The Chequers Proposals

The Chequers proposals of the UK Government were a genuine, if belated, attempt to reconcile the expectations of the British people with EU realities. But they ran into difficulty for the following reasons. If Chequers remained an opening negotiating position, it might have started a useful conversation. But , under the pressure of domestic UK politics,  Prime Minister May soon made it a “red line” position, and thus no longer negotiable. From an EU perspective, Chequers was problematic because it would have...

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27 Sep
Chapter News, Financing for Development/UN SDG's

Opening of the 73rd United Nations General Assembly

The EU is hosting a number of flagship events in the margins of the General Assembly and EU representatives have a full agenda of high-level debates  President Jean-Claude Juncker, First Vice-President Frans Timmermans and High Representative/Vice-President Federica Mogherini will together with European Council President Donald Tusk attend today the opening of the 73rd UN General Assembly in New York. In the side-lines, President Juncker, accompanied by Commissioner Hahn, will also hold a bilateral meeting with the Prime Minister of Georgia Mamuka Bakhtadze. Yesterday, President Juncker - at the Nelson Mandela Peace Summit at the United...

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27 Sep
Chapter News

A Europe that protects: EU customs seized over 31 million fake goods at EU borders in 2017

New figures released by the European Commission today show that customs authorities detained over 31 million fake and counterfeit products at the EU's external border with a street value of over €580 million. Although the total figures have declined since 2016, fake potentially dangerous goods for day-to-day use like healthcare products, medicines, toys and electrical goods now make up a much higher proportion of all seizures – 43% of all detained goods came from this category. Overall, the top category...

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18 Sep
Chapter News

United Kingdom Article IV Press Conference

Dear Chancellor, thank you very much for your kind introduction. Ladies and gentlemen, good morning. It’s always a pleasure to be in London. We are here for our annual review of the British economy, the Article IV consultation. Last time I met with you was in December 2017, so just about nine months ago. At that time, the 2017 cycle had been delayed by the election and taken about 18 months. So, I guess on average we are OK… How...

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14 Sep
Chapter News

State of the Union 2018: The Hour of European Sovereignty

President Juncker stresses the need for Europe to become more sovereign so as to be able to play a role in shaping global affairs European Commission President Jean-Claude Juncker on September 12 delivered his 2018 State of the Union Address, before the Members of the European Parliament in Strasbourg, presenting his priorities for the year ahead and outlining his vision for how the European Union can continue to build a 'More United, Stronger and More Democratic Union', which was the...

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13 Sep
Chapter News

Monetary Policy Decisions Announced out of the ECB

13 September 2018 At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary to ensure...

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11 Sep
Chapter News

EIB issues first Sustainability Awareness Bond

EUR 500 m bonds demonstrates commitment to UN Sustainable Development Goals New bonds expand benefits of impact reporting and transparency beyond climate High-impact water projects to benefit from first sustainable bonds The European Investment Bank today issued its first Sustainability Awareness Bond. The EUR 500 million transaction represents the first EIB funding intended to directly support sustainable finance and builds on the EIB’s pioneering role unlocking investment through green bonds. “The launch of the EIB’s new Sustainability Awareness Bonds today...

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10 Sep
Chapter News, Financing for Development/UN SDG's

Bill Rhodes: Beware of Emerging Markets

by Bill Rhodes, President and CEO of William R. Rhodes Global Advisors, LLC and author of Banker to the World: Lessons from the Front Lines of Global Finance Don’t be fooled. The high levels of volatility in emerging markets and sharp, sporadic pressures on a range of currencies, including those of Argentina, Mexico and Turkey, which holds elections on Sunday, are the opening salvos in a new period of mounting risks and uncertainties. The tensions and challenges in developing economies that will...

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07 Sep
Chapter News, New York Related News, News

Global Business, Local Benefit Foreign Contributions to the New York Economy

New York City has reached historic levels of jobs and economic activity, thanks to its status as a global center of finance, commerce and innovation. In an era of rapid globalization, New York’s success would not be possible without the contributions of more than 5,000 foreign companies that have their U.S. headquarters and significant business operations in the city. Foreign companies currently employ 298,000 New Yorkers and contribute 11 percent of the city’s total $761 billion annual economic output. Foreign...

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