Chapter News

12 Dec
Chapter News, News

Ambassador Vale de Almeida in The Hill: More Trade Brings More Jobs

Writing in today's edition of The Hill, European Union Ambassador to the United States João Vale de Almeida welcomes the WTO agreement reached in Bali last week as it sets up a promising 2014 for global trade. This is particularly encouraging as the EU and the U.S. are moving ahead at full speed with the third round of Transatlantic Trade and Investment Partnership (TTIP), which takes place in Washington, DC next week. "Both the U.S. and EU need open economies...

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11 Dec
Chapter News, News

Calls for Proposals under the EU’s Horizon 2020 Research and Innovation Program

The European Commission presented for the first time today calls for Proposals under Horizon 2020, the European Union's new 80 billion euro research and innovation program, which runs from 2014 to 2020. Worth more than 15 billion euros over the first two years, the funding is intended to help boost Europe's knowledge-driven economy, and tackle issues that will make a difference in people's lives. "Horizon 2020 funding is vital for the future of research and innovation in Europe, and will...

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11 Dec
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ECOFIN Defines Guidelines for Agreement on Single Resolution Mechanism

European Union Finance Ministers on December 10 took further steps in the development of the Banking Union by agreeing on a mandate for final negotiation stage on Bank Recovery and Resolution as well as Deposit Guarantee Schemes directives with European Parliament. The Ministers also defined the guidelines on various elements of SRM which should facilitate an agreement on the proposal in the ECOFIN Council on December 18. “On the Single Resolution Mechanism, we have no formal result in our pocket...

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10 Dec
Chapter News, News

New Mortgage Rules to be Properly enforced EU-wide

Measures to enforce EU rules that will ensure home buyers across the EU are fully informed of the real costs of taking on a mortgage, and properly protected against the worst risks, were approved by MEPs on Tuesday, in a vote on legislation already agreed with EU member states. “For most families, a mortgage is the biggest and longest financial commitment they make. So we need these rules to drive progress towards an EU-wide  mortgage market that is stable,...

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10 Dec
Chapter News, News

Aviation: EU Extends the Use of Electronic Devices on Planes

The EU's Aviation Safety Agency (EASA) has today updated its guidance on the use of portable electronic devices on board (PED), including smartphones, tablets and e-readers. It confirms that these devices may be kept switched on in "Flight Mode" (non-transmitting mode) throughout the journey (including taxiing, take-off and landing) without a risk to safety. EU Transport Commissioner, Vice President Siim Kallas has asked EASA to accelerate its safety review of the use of electronic devices on board in transmitting mode,...

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06 Dec
Chapter News, News

Five Festive Tips to Avoid on-line Fraud

Compliments of the European Commission 1. All that glistens is not gold Offers too good to be true often are too good to be true. Be extra-careful in checking “*” and other “small print” conditions. Verify that conditions of delivery and especially return are well explained. Pay attention to hidden subscriptions when you accept a free sample. Also watch out for fake Trustmark logos and check if the Trustmark in question really exists 2. Cash is not king: choose a secure method...

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06 Dec
Chapter News, News

Justice Council: We need a simple Solution for Citizens and Business on Data Protection

Viviane Reding, Vice-President of the European Commission, EU Justice Commissioner| Press Conference at the Justice and Home Affairs Council /Brussels 6 December 2013 Today's Justice Council meeting can be easily summarised: It was a disappointing day for data protection but an excellent day for other justice for growth measures! Let me start with the good news first: Today Ministers found political agreement on two important files that will help the European economy. Cross-border debt recovery Thanks to the agreement on the European Account Preservation...

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06 Dec
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European Commission Proposal to Pave Way for Unitary Patent backed by Ministers

Justice Ministers have today reached agreement in record time on a European Commission proposal (IP/13/750) to complete the legal framework for Europe-wide patent protection. The proposal will update EU rules on the jurisdiction of courts and recognition of judgements (the so-called “Brussels I Regulation”) and thereby pave the way for a specialised European patent court – the Unified Patent Court – to become operational. The court will have specialised jurisdiction in patent disputes, avoiding multiple litigation cases in up to...

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05 Dec
Chapter News, New York Related News, News

Deputy Mayor Steel and NYCEDC Announce Two New Initiatives to Dramatically Grow City’s Life Sciences Sector

$100 Million Early-Stage Life Sciences Funding Initiative to Launch Breakthrough New Ventures With Anchor Funding from NYCEDC, Celgene, GE Ventures, and Eli Lilly and Company Icahn School of Medicine at Mount Sinai, in Partnership With Rensselaer Polytechnic Institute, to Form New Institute of Technology to Train Future Leaders in Development of Technology-Based Solutions to Critical Healthcare Needs Deputy Mayor for Economic Development Robert K. Steel and New York City Economic Development Corporation President Kyle Kimball today announced two major initiatives to...

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05 Dec
Chapter News, News

European Central Bank Keeps Interest Rates Unchanged

The Governing Council of the 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 0.25%, 0.75% and 0.00% respectively. __________________ Introductory statement to the press conference by Mario Draghi, President of the ECB, Frankfurt am Main, 5 December 2013 Ladies and gentlemen, I am very pleased to welcome you to our press conference. I will now report on the outcome of today’s meeting...

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