For the first time, an unprecedented alliance of Heads of State, city and state leaders, with the support of heads of leading companies, have joined forces to urge countries and companies around the globe to put a price on carbon. The call to price carbon comes from the Carbon Pricing Panel – a group convened by World Bank Group President Jim Yong Kim and International Monetary Fund (IMF) Managing Director Christine Lagarde - to spur further, faster action ahead of...

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The European American Chamber of Commerce had the distinct honor to ring the October 16, 2015 Closing Bell at the New York Stock Exchange NYSE | A new Milestone for the organisation and its members.   

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The European Commission welcomes yesterday's signature of the Jobs and Growth Plan for Greece by the European Parliament and by the Council. The exceptional measures presented by the Commission for Greece can thus enter into force tomorrow. Greece is set to receive over €35 billion already earmarked from the EU budget over 2014-2020, with €20.6 billion from the European Structural and Investment Funds. €800 million will be paid next week. Overall, almost €1.4 billion will be released in 2015 and €1 billion in 2016;...

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Speech by Yves Mersch, Member of the Executive Board of the ECB, Singapore, 14 October 2015 Ladies and gentlemen, members of the panel, The beauty of innovation is that it never ends. Even the best ideas can be enhanced and complemented. The Eurosystem, the euro area’s network of central banks, has developed two major innovations in the field of financial market infrastructure over the past 15 years: TARGET (now TARGET2) and TARGET2-Securities, or T2S. Both platforms have significantly improved the way payments...

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Work Programme 2016-2017 - Spanning seven years (2014 to 2020) and working with a budget of €77 billion, Horizon 2020 is the biggest EU research and innovation funding programme ever. Today, the European Commission adopted the second of its two-year work programmes setting out funding opportunities for 2016-2017. This Work Programme offers a budget of almost €16 billion. It is based on extensive consultation and stakeholder involvement. All the calls and related information are published on a single portal. Horizon 2020...

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The European Commission’s Directorate-General for Economic and Financial Affairs today publishes its Quarterly Report on the Euro Area, featuring in-depth technical analysis of economic issues affecting the euro area. In this edition, staff economists compare the euro area's ongoing recovery with similar instances in its past and elsewhere and assess estimates of the EU's output gap. The report also takes a look at the factors driving inflation in the euro area and presents an abridged version of the Commission's July...

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The European Commission will boost competitiveness by investing almost €16 billion in research and innovation in the next two years under Horizon 2020, the EU's research and innovation funding scheme. The European Commission will invest almost €16 billion in research and innovation in the next two years under Horizon 2020, the EU's research and innovation funding scheme, following a new Work Programme for 2016-17 adopted today. The new funding opportunities offered by the Work Programme are directly aligned with the policy priorities of...

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In the second quarter of 2015, the business investment rate was 22.3% in the euro area, compared with 22.0% in the previous quarter. The business profit share in the euro area was 40.0% in the second quarter of 2015, stable compared with the first quarter of 2015. This data come from a first release of seasonally adjusted quarterly European sector accounts from Eurostat, the statistical office of the European Union, and the European Central Bank (ECB). To read the full...

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