To enable European businesses to use artificial intelligence (AI) in a trustworthy manner and remain internationally competitive, the European Commission is working to secure a leading role for Europe in the field of artificial intelligence and aims to make Europe an “AI continent”. To this end, the European Commission is pursuing a comprehensive strategy, which is primarily set out in its 2024 AI Innovation Package, the Competitiveness Compass 2025, the AI Continent Action Plan and the Apply AI Strategy....

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EU reassesses trade strategy following US-Japan agreement On Tuesday, 22 July, US President Donald Trump announced the conclusion of a new bilateral trade agreement with Japan. The deal, which Trump has described as “the biggest deal ever made,” introduces a 15% tariff on Japanese exports – significantly lower than the previous 25% tariffs that were due to come into effect on 1 August. In return, Japan has agreed to a $550 billion investment in the US. On the EU side, negotiators believe that a final EU-US deal...

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At a time of geopolitical shifts and rising uncertainty, the EIB Group’s role in addressing global challenges is more relevant than ever. Our focus is on delivering tangible results on the ground through win-win partnerships. As a multilateral development bank owned by the EU Member States, the EIB Group is a key part of what Europe brings to the world: economic stability, reliability, and long-term commitment. EIB Global’s achievements in 2024: • €7.9 billion signed, supporting 102 projects around the...

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Collaboration addresses growing maritime challenges to safety of navigation and visibility of high-value assets in degraded and compromised GPS/GNSS environments MANASSAS, Va. and LYSAKER, Norway – July 22, 2025 – NAL Research, a U.S.-based pioneer in Assured Positioning, Navigation, and Timing (APNT) solutions, together with SGM Technology AS (SGM), a leader in maritime technology solutions for commercial shipping and fishing, and Tschudi Shipping Company, a leader in maritime-related services and logistics, today announced a strategic collaboration to deliver a resilient navigation and tracking product line for the commercial...

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A. Background On 18 July 2025, following intensive negotiations, the Council of the European Union adopted the 18th sanctions package against Russia and Belarus. The package aims to further restrict the Russian state’s capacity for action and to increase the pressure on its regime. Once again, the focus lies on the banking, energy and defence sectors. In addition, the EU adopted new restrictive measures against Belarus. B. Content of the 18th sanctions package The new EU sanctions package* extends the existing restrictive measures...

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NEW YORK – June 11, 2025 – Global law firm Greenberg Traurig, LLP has 188 attorneys and 46 practices recognized in The Legal 500 United States 2025 edition. The Legal 500 United States recognizes practice area teams and practitioners “providing the most cutting edge and innovative advice to corporate counsel,” according to the publisher. The recognitions are based on feedback from more than 300,000 clients worldwide, law firm submissions, and interviews with private practice lawyers, in addition to The Legal 500’s independent research. Three Greenberg Traurig attorneys are...

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What happened? On 16 July the European Commission (Commission) presented the proposal for a EUR 2 trillion Multi- Annual Financial Framework (MFF) for 2028 to 2034. The proposal includes expanding existing own resources and a new own resource, CORE (Corporate Resource for Europe). The MFF needs to be adopted under a special legislative procedure which requires unanimity in the Council. Why is it relevant? The ambitious MFF amounts to almost EUR 2 trillion (or 1.26% of the EU's gross national income on...

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By Patricia Giarratano, Director of Tax Services, BERKOWITZ POLLACK BRANT On July 4, 2025, President Donald Trump signed into law a multi-trillion-dollar tax cut and spending bill, commonly referred to as the One Big, Beautiful Bill Act (OBBBA). The law extends many of the tax breaks included in Trump’s 2017 Tax Cuts and Jobs Act (TCJA), which were set to expire at the end of this year. It also expands certain tax credits and deductions and terminates several environmental-friendly tax...

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Tradewind Finance, an international trade finance firm celebrating its 25th anniversary this year, has provided working capital for a ready-to-go bubble tea global trader in the Baltics. The export financing is being used by the beverage maker to drive growth, optimize operations, and strengthen international sales. The Baltic wholesaler of ready-to-go bubble tea drinks sells to European Union countries and Australia. The recently established company is expecting rapid growth and sought a financial partner with international capabilities that could support demand...

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