Member News

19 Jul
Member News

Vulcan View: The latest EU developments 15 July – 19 July

What’s in store for von der Leyen’s second term in the Berlaymont European Commission President was elected for a second term on Thursday (18 July) in Strasbourg. Although it was expected to be a very close call, von der Leyen received 401 votes, well above the 361-vote threshold. The vote shows that 284 lawmakers voted against her re-election, while there were 15 abstentions and 7 void. Her vote was successful following the Greens’ announcing just before the vote that they would...

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18 Jul
Member News

Bannockburn Global Forex | Euro Trades Quietly Ahead of ECB Meeting

Jury duty assignment prevents a more comprehensive note, but here is a snapshot.  Overview: The US dollar enjoys a firmer bias today, in mostly quiet turnover in narrow ranges. The Australian dollar is a noted exception, and the better than expected jobs growth may have lent it some resilience today. The greenback initially was sold to almost JPY155.35, a new low (since June 7) before recovering to nearly JPY156.60 in Europe. The UK's employment report saw the first payroll growth in...

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18 Jul
Member News

Pérez-Llorca | Insurance Market Update

BBVA’s takeover bid for Sabadell would ultimately impact existing bancassurance partnerships with Allianz and Zurich respectively In early May, the Spanish bank BBVA made an initial all-share offer for Sabadell to merge, which was rejected by Sabadell’s board, prompting BBVA to turn hostile and take the offer directly to Sabadell’s shareholders. BBVA’s bid is subject to a minimum acceptance threshold of 50.01% of Sabadell’s shareholders in addition to the relevant regulatory approvals required for both the takeover bid and the...

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16 Jul
Member News

Stephenson Harwood | The Neural Network – July 2024

Welcome to the first edition of the Neural Network. The Neural Network is Stephenson Harwood's monthly round-up of developments in AI, covering three key areas relevant to professionals working in the AI space: New regulation and public body updates; Enforcement and litigation; and Updates and case studies on the use of AI technology. In this edition, we look at key AI developments from June and July 2024. We examine the final text of the EU AI Act that was recently...

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15 Jul
Member News

Pérez-Llorca and Mexican law firm González Calvillo complete their merger

The partners of both firms have voted in favour of the merger at their respective meetings, and the relevant regulatory approvals have been obtained The integration is the first cross-border merger between a leading Iberian law firm and a top-tier Mexican practice The project aims to create the leading legal practice in Mexico, serving clients on both sides of the Atlantic, large multinationals and financial sponsors, as well as other international law firms Pérez-Llorca and González Calvillo have completed...

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15 Jul
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Ocean rates surging, shippers rushing for Christmas, Panama Canal upgrades, more maritime regulation, and pressures on manufacturing.

Ocean shipping rates are surging, and the current trend indicates record profits for shipping companies in the third quarter of 2024. Industry benchmarks show a substantial increase compared to pre-pandemic levels, though they haven’t quite reached the all-time highs observed in September 2021. The trend is mostly driven by ongoing disruptions in the global supply chain—high demand for goods, ongoing port congestion, geopolitical tensions, and labor shortages—which are causing a shortage of containers and an imbalance in demand for...

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15 Jul
Member News

IPTI | Property Tax In The News – July 2024

IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in...

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12 Jul
Member News

Vulcan View: The latest EU developments 8 July – 12 July

Dissecting the results of the French election’s second round Round two of the French elections on Sunday, 7 July saw France faced with potential political deadlock after no party secured an absolute majority. All three blocs fell short of the 289 seat threshold needed to control the 577-seat National Assembly. Neither the major setback for Le Pen’s National Rally (RN), nor the left-wing coalition’s surprise didn’t prove President Macron´s intention right to create political stability by calling for a snap election. Without...

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08 Jul
Member News

EIB | Europeans over 30 understand climate change better than younger generations, EIB survey finds

The fight against climate change requires collective action — from governments, institutions, businesses and individuals. A good understanding of the climate challenge is essential for people to make informed choices. To assess the public’s understanding of climate change, the sixth edition of the EIB Climate Survey focuses on people’s knowledge of climate change in three key areas: definitions and causes, consequences, and solutions. Participants answered 12 questions and were ranked on a scale of 0 to 10, with 10...

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08 Jul
Member News

Bannockburn Global Forex | Euro is Little Changed, while the Yen is Softer to Start the New Week

Overview: The dollar is narrowly mixed against the G10 and emerging market currencies today. The euro is little changed, holding on to last week's gains, after the surprising French election results, where the focus shifts finding a prime minister that can carry a majority of the new and closely divided National Assembly. Despite firm underlying wage data, the Japanese yen has given back its initial gains, and the dollar is pushing back above JPY161 in the European morning. The Mexican...

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