The historic dollar rally accelerated in September. By some measures, it is as rich as it has been in the half-century since the end of Bretton Woods. Persistent price pressures, a robust labor market in many dimensions, and the Federal Reserve's latest forecasts warn that financial conditions will tighten into next year. However, we suspect that the market may have seen peak Fed hawkishness when it briefly priced in a terminal Fed funds rate of around 5.50% towards the...

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<< Back to All Member News A series of new EU sanctions against Russia may soon be on the way. Yesterday afternoon, Commission President Ursula von der Leyen and Higher Representative of the EU for Foreign Affairs and Security Policy, Josep Borrell presented the outline of a new sanctions package – the eighth since Russian President Vladimir Putin launched his invasion of neighbouring Ukraine in February. It was just last week, after President Putin had, among other things, threatened the West...

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Headlines for Q4 2022: "Port News, Market Uncertainty, Softening Rates, and Slowing Growth" Global Port Performance The Headline: Congestion and labor uncertainty are still plaguing ports globally, although some recent flare-ups have been settled (e.g., the near-strike at US railroads.) This chart shows the steady decline of blank sailings to the US West Coast, but relative high volumes to the East over the past few months. There is a second strike scheduled by Felixstowe dock workers from 9/27 – 10/5 and...

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Sika has won the top prize in the Swiss Annual Report Rating, beating out 238 of the largest companies in Switzerland. Second place went to the cement company Holcim, and third price went to the convenience product giant Valora. “This achievement is an honor and proves our commitment to generating world-class communications for the annual and sustainability report,” Dominik Slappnig, Head of Communications and Investor Relations at Sika, said. “This is a team effort. The prize goes to a great...

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2022 has been an unpredictable year amidst soaring inflation and geopolitical unrest. In the tax realm, governments have been trying to hedge against this uncertainty by shoring up their budgets and addressing inconsistent tax enforcement. Unsurprisingly, much of this government activity has centered around taxpayers with means — high net worth domestic taxpayers and foreign investors. Below, we roundup some significant international tax developments concerning high net worth individuals and foreign investors in the first three quarters of 202 Singapore...

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The Protected Disclosures (Amendment) Act 2022 (the Act) transforms the legal landscape of protected disclosures, often referred to as ‘whistleblowing’. The Act significantly expands the scope of the protections for those who make protected disclosures and places new and enhanced obligations on organisations with more than 50 employees to have processes in place to facilitate workers in making protected disclosures. We outline some of the main aspects of the Act which differ from and supplement those of its predecessor, the...

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Over 500,000 Miami residents will be able to subscribe and receive crucial updates, city news, information about municipal services, emergency alerts, and more – straight to their smartphones via a single app. Miami, FL – 9/16/2022 – The City of Miami has added Simplicity to its list of social networks to enhance the way it communicates with residents. With the Simplicity app, Miami residents can access a range of important city information in English or Spanish in a single app. "Simplicity...

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On September 15, President Biden issued Executive Order 14083 (EO) — “Ensuring Robust Consideration of Evolving National Security Risks by the Committee on Foreign Investment in the United States” — providing formal guidance to the Committee on Foreign Investment in the United States (CFIUS) on factors CFIUS must consider when conducting national security reviews. CFIUS is authorized to review covered investments and real estate transactions in the U.S. to determine whether they have an effect on national security. Notably,...

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Ottawa to drop health measures for incoming travellers As of September 30, mandatory vaccinations for travellers entering Canada, random airport testing and mandatory use of the ArriveCAN application will be dropped. The government announcement will be made on Monday. The issue of wearing masks on aircrafts or trains is also under review and more information will likely be announced by the Prime Minister on Monday. New regulations are set to come into force on September 26, 2022, enhancing the employer compliance regime...

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NEW YORK, Sept. 22, 2022 /PRNewswire/ -- Qarik Group is delighted to welcome Scott Buck as the Global Head of Strategic Partnerships. Scott joins Qarik with more than 25 years of experience in executive level technology positions with extensive expertise building successful strategic partnerships for Fortune 500 global companies. Most recently, Scott served as the Executive Global Partner for Google Cloud at DXC Technology. Prior to DXC, he held senior leadership roles at Deloitte, Accenture, and IBM. Qarik CEO, Joe...

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