21 Jun
Chapter News

IMF | A Strategy for European Competitiveness

Remarks by Kristalina Georgieva, IMF Managing Director, to the Eurogroup on a Strategy for European Competitiveness, Luxembourg As prepared for delivery Thank you, Paschal, for your kind invitation to address ministers today on industrial policy, as part of your broader deliberations on competitiveness. Last year, when I spoke here about the European capital market union, I started by saying it was a topic close to my heart, one we at the IMF deeply cared about. This year, a different tone: industrial policy...

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21 Jun
Member News

EIB Board of Directors approves €12.8 billion new financing for transport, energy and business investment

€5 billion for high-speed rail, urban transport and upgrading ports €2.6 billion for onshore wind, upgrading electricity grids, small scale renewables and biofuels €2.9 billion for urban development, education, housing, health and water €2.1 billion for corporate innovation, steel and semiconductor business financing The Board of Directors of the European Investment Bank (EIB) today approved €12.8 billion of new financing to upgrade sustainable transport, increase renewable energy use, build new student housing, improve earthquake and flood protection, and help...

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21 Jun
Chapter News

European Commission | European Semester Spring Package provides policy guidance to enhance the EU’s competitiveness and resilience, and maintain sound public finances

The Commission is today providing policy guidance to Member States under the 2024 European Semester Spring Package to build a robust and future-proof economy that secures competitiveness, resilience and long-term prosperity for all, while maintaining sound public finances, in the face of a challenging geopolitical environment. The EU is determined to take further steps to enhance its long-term competitiveness, prosperity and leadership on the global stage and to strengthen its open strategic autonomy. While the EU and its Member States have strong assets...

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20 Jun
Chapter News

European Commission | EU Budget 2025 aims to reinforce funding for Europe’s priorities

The Commission has today proposed an annual EU budget of €199.7 billion for 2025. The budget will be complemented by an estimated €72 billion of disbursements under NextGenerationEU. This substantial financial envelope will support the EU in meeting its political priorities while integrating the changes agreed in the mid-term revision of the Multiannual Financial Framework (MFF) in February 2024. The draft budget 2025 directs funds to where they can make the greatest difference, in cooperation and in line with the needs of...

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20 Jun
Member News

Osborne Clarke | Dealmaking confidence returns to Europe in 2024 after a subdued 2023

Improving economic conditions and greater stability are likely to lead to increased market confidence across the continent Dealmaking in Europe turned a corner in Q4 of 2023 and in the early months of this year, as pipelines in private equity, M&A, venture capital and equity capital markets all began to improve thanks to recovering economic conditions across the continent. Osborne Clarke has prepared a report in which we have analysed the trends emerging from a legal perspective in European dealmaking in 2023 and...

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17 Jun
Chapter News

IMF | Fiscal Policy Can Help Broaden the Gains of AI to Humanity

Blog post by Era Dabla-Norris, Ruud de Mooij | New generative-AI technologies hold immense potential for boosting productivity and improving the delivery of public services, but the sheer speed and scale of the transformation also raise concerns about job losses and greater inequality. Given uncertainty over the future of AI, governments should take an agile approach that prepares them for highly disruptive scenarios. A new IMF paper argues that fiscal policy has a major role to play in supporting a more equal distribution of...

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17 Jun
Member News, Uncategorized

Jaguar Freight | The Weekly Roar – Top Shipping News

In this week’s Roar: bad news for U.S. port negotiations and Canadian rail workers, global air cargo flies high, U.S. port performance is strong, and the Port of Long Beach is investing in sustainability. The International Longshoremen’s Association (ILA), the union representing dockworkers on the East Coast and Gulf Coast ports, suspended talks with the United States Maritime Alliance (USMX) over a new labor contract. This comes after they discovered APM Terminals, a subsidiary of Maersk, was using automated technology at terminals—without...

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17 Jun
Member News

IPTI | Property tax in the news – June 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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13 Jun
Member News

Mason Hayes & Curran | Financial Services Sector Update

Our Financial Services sector practice is recognised as top tier in Ireland, with The Legal 500 awarding elite rankings to our Banking & Finance, Energy, Fintech, and Insurance practices in its 2024 edition. Reflecting our dominance in this area, we continue to advise on market-leading transactions including the following: A team led by Banking & Energy Partner Muireann Hernon advised Irish solar developer BNRG and asset manager Impax in achieving financial close on the development of a portfolio of solar farms, with a...

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13 Jun
Member News

HSBC | Harnessing the power of AI to fight financial crime

By Jennifer Calvery, Group Head of Financial Crime Risk and Compliance, HSBC Financial crime doesn’t stand still, the tactics used by fraudsters are constantly changing, it’s a never-ending battle. At HSBC, we check about 1.2 billion transactions for signs of financial crime each month, across 40 million customer accounts – we’re using artificial intelligence (AI) to help us do this. As new financial crime tactics or trends emerge, we teach our AI what to look out for. As a result, we’re...

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