Retailers relied on pricing to solve a lot of their problems last year. Staggering input costs, including those related to energy, transport, and raw materials, were only manageable because they could be passed on to customers. However, as economic growth slows and the Federal Reserve continues its aggressive rate increases to tame inflation, consumer buying power is diminishing as well. This means that retailers will have to look elsewhere to combat rising costs as they try to maintain margin...

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With the help of our members, this thought-leadership series explores the acceleration of “digitalization” due to COVID-19 on both sides of the Atlantic, and across various industries. Today, we present Lisa A. Ferrari, Co-Chair, Copyright Practice at COZEN O'CONNOR in New York City, USA; along with Camille Truchot, Associate at GIDE LOYRETTE NOEL in Paris, FR. They will address: “NFTs & Copyright Issues in the EU and U.S.”. An NFT, or "non fungible token" is a token, registered on a...

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€2.4 billion for clean energy €1.3 billion for business investment and corporate innovation €614 million for urban development and housing €501 million for sustainable transport The Board of Directors of the European Investment Bank (EIB) today approved €5.5 billion of new financing to support new green energy, business, transport, health and education across Europe and around the world. “The EIB’s backing for transformational renewable energy projects approved today demonstrates our firm commitment to support the REPowerEU plan with additional clean...

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The European Parliament has voted on 15 February 2023 in favour of a major update to the EU’s regulation for long-term investment funds (ELTIFs), also known as ELTIF 2.0. Adopting ELTIF 2.0 by the European Parliament forms part of the EU’s wider Capital Markets Union (CMU) initiative that aims to develop the EU’s capital markets. 1. Background to ELTIF 2.0 The initial ELTIF Regulation entered into force on 19 May 2015 with the objective of boosting European long-term investments in the...

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As a business, you want to make sure that you have all your bases covered. This includes having a master service agreement in place. A master service agreement is a contract between a company and its customers that outlines the terms and conditions of the services being provided. This agreement protects both parties involved and ensures that everyone is on the same page. Having a master service agreement in place is essential for any business, so make sure you...

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Josep Borrell visited IE University to join a discussion on the new world order at the launch of a new phase of the school | Josep Borrell, Vice-President of the European Commission and High Representative of the European Union (EU) for Foreign Affairs and Security Policy, visited IE University to share his views on the new global order at the celebration of a new chapter for IE School of Politics, Economics and Global Affairs. “As global change is accelerating, we can...

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A jury in New York recently found two Trump Organization companies guilty on multiple charges of criminal tax fraud and falsifying business records. The case was in connection with a longtime scheme to fail to report and pay taxes on compensation for top executives. (The verdict involved Trump Organization’s Trump Corp. and Trump Payroll Corp. units. Neither former President Donald Trump nor his family were charged in the case, but he was mentioned repeatedly during the trial by prosecutors.) Over more than...

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In this week’s Roar: a (possible) bottom for logistics activities, a glut of boxes, repositioning to China, air cargo back to ‘normal’, and retailers still feeling sluggish. Just released transportation metrics show the downward spiral has slowed a bit. The overall LMI (Logistics Managers’ Index) logged in at 57.6 in January, three points higher than in December which is the second straight increase for the index after falling seven of eight months. “Inventories are much lower now than they were...

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In September 2021, the European Data Protection Board (EDPB) set up a Cookie Banner Taskforce (Taskforce) to coordinate the response to several hundred complaints made to data protection supervisory authorities (SAs) by the NGO NOYB concerning the design and characteristics of cookie banners. The objectives of the Taskforce are to promote cooperation, information sharing and best practices. On 18 January 2023, the Taskforce published its draft report on work undertaken to date. In the report, the SAs agreed on an...

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