01 Jul
Member News

Jaguar Freight | The Weekly Roar – Top Shipping News

In this week’s Roar: Worsening congestion in Singapore, the ILA labor talks, a shortage of containers, the rise in cargo theft, and the growing use of automation in logistics. Congestion at Singapore’s container port is at its worst since the pandemic, underscoring the global impact of rerouting vessels to avoid attacks by Houthi pirates in the Red Sea. The congestion is impacting manufacturers, retailers, and consumers as shipping times and costs increase. Singapore has seen a 22% increase in its average...

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28 Jun
Chapter News

European Commission | Opening remarks by President von der Leyen at the joint press conference with President Michel and Belgian President De Croo following the meeting of the European Council of 27 June 2024

Dear Charles, dear Alexander, I want to start by thanking you, dear Alexander, for an exceptionally successful Presidency of the Council. You have managed to reach political agreement on over 45 files spanning all of our major political priorities. It goes from the European Green Deal to digitalisation, from industry and the economy to enlargement. I think two proposals were exemplary, that is the Net-Zero Industry Act and the new Economic Governance Framework. But you also steered the first ever agreement on...

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28 Jun
Chapter News

Council of the EU | Russia’s war of aggression against Ukraine: EU lists two individuals and four entities for circumventing EU sanctions and materially supporting the Russian government

The Council today decided to impose restrictive measures against two individuals and four entities responsible for actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. The Council is listing Dmitry Beloglazov, and his company LLC Titul. Dimitry Beloglazov is responsible for setting up a complex circumvention scheme together with Oleg Deripaska, who is already subject to EU restrictive measures. His company LLC Titul created a subsidiary called Joint Stock Company Iliadis to acquire Oleg Deripaska’s share in the International LLC Rasperia...

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28 Jun
Member News

Thompson Hine | OFAC and BIS Significantly Extend Sanctions and Export Control Restrictions Against Russia and Belarus

Key Notes: New sanctions and export controls on Russia and Belarus became effective June 12, 2024. New OFAC prohibition on certain IT and software services to Russia begins September 12, 2024. Hundreds of individuals and entities designated as SDNs for supporting Russia’s war efforts. New license requirements for certain software exports to Russia and Belarus become effective September 16, 2024. BIS narrows License Exception Consumer Communications Devices (CCD) for Russia and Belarus. BIS adds high-risk addresses and more entities...

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28 Jun
Member News

AlixPartners | Industry executives are focused on M&A, talent, supply-chain issues, and growth

If there is a single word to describe the current state of the aerospace, defense, and airlines industry, it would be “disruption.” From supply chain to talent wars, digitization to production ramp ups, every trend points to higher stakes, a faster pace, fresh technology, and a tug-of-war between the big primes and new incumbents battling over their piece of a multi-trillion-dollar pie. AlixPartners took a detailed look at the impact disruption has on C-Suites over the last five years and...

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27 Jun
Member News

Cilcare Awarded €4.2 million to combat the global epidemic of hidden hearing loss, as part of the France 2030 Plan’s “i-Démo” call for projects

Through the ‘i-Démo’ call for projects under the France 2030 plan, operated by Bpifrance on behalf of the French government, Cilcare is further consolidating its international leadership by being the first biotech to launch a diagnostic aid for synaptopathy and to clinically validate the efficacy of CIL001, an innovative drug for the treatment of this condition affecting 15% of the population. Cilcare is one of 600 French companies to have been selected, and has received €4.2 million in...

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27 Jun
Chapter News, Uncategorized

ECB | Mind the gap: Europe’s strategic investment needs and how to support them

Blog post by Othman Bouabdallah, Ettore Dorrucci, Lucia Hoendervangers and Carolin Nerlich | Europe needs trillions of euros to manage climate change, become digital and defend itself. How can EU and national policymakers support these projects? This Blog post discusses the options in times of low growth and high public debt levels. The European Union (EU) needs to move forward with the green transformation, the digitalisation of the economy and the strengthening of its military defence. This requires a lot more investment...

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26 Jun
Chapter News

European Commission | New finance hub to support ambitions of pioneering cities in climate mitigation and adaptation

The Commission is setting up a new Climate City Capital Hub, an international finance resource to further support cities participating in the EU Mission on Climate-Neutral and Smart Cities. Thanks to the new hub, cities that have already received the EU Cities Mission Label will be able to: Access financial advice in cooperation with advisory services of the European Investment Bank (EIB); Structure their financial needs so they understand various ways of funding projects, including pooling of projects; and Introduce projects to a range...

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26 Jun
Chapter News

ECB reports on progress towards euro adoption

Biennial report assesses progress towards euro adoption in Bulgaria, Czech Republic, Hungary, Poland, Romania and Sweden Inflation above reference value seen as key economic obstacle in central and eastern European countries under review Legislation in five of six countries under review not fully compatible with legal requirements for euro adoption Economic activity expected to strengthen in 2024, but outlook clouded by geopolitical uncertainty Limited progress has been made by non-euro area Member States of the European Union (EU) on...

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26 Jun
Member News

EIB | Greener food, fuel and chemical production in Europe boosted by EIB, European Commission and Breakthrough Energy Catalyst support for groundbreaking energy- storage project

More climate-friendly production of foods, clean fuels and chemicals in Europe is receiving a boost from the EU-Catalyst partnership, a joint initiative by the European Investment Bank (EIB), the European Commission and Breakthrough Energy Catalyst. Energy equipment manufacturer Rondo Energy is receiving €75 million through grants and venture debt (subject to the satisfaction of funding conditions), so it can deploy in Europe a technology for turning intermittent renewable electricity into the continuous, high-temperature heat and power required by food, clean-fuel and...

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