11 Jun
New York Related News

New York State Governor | Governor Hochul and Mayor Adams Announce Start of Construction on Transformation of South Brooklyn Marine Terminal Into Nation’s Largest Offshore Wind Hub

Governor Kathy Hochul, New York City Mayor Eric Adams, and Equinor Wind US President Molly Morris today announced the start of construction on what will be the nation’s largest dedicated offshore wind port at the South Brooklyn Marine Terminal (SBMT). The project will accelerate the clean energy transition, advance progress toward the state’s Climate Leadership and Community Protection Act (CLCPA) goal to develop 9,000 megawatts of offshore wind by 2035, and create more than 1,000 construction jobs. “We are taking...

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11 Jun
Chapter News

IMF | Dollar Dominance in the International Reserve System: An Update

The US dollar continues to cede ground to nontraditional currencies in global foreign exchange reserves, but it remains the preeminent reserve currency Blog post by Serkan Arslanalp, Barry Eichengreen , Chima Simpson-Bell | Dollar dominance—the outsized role of the US dollar in the world economy—has been brought into focus recently as the robustness of the US economy, tighter monetary policy and heightened geopolitical risk have contributed to a higher greenback valuation. At the same time, economic fragmentation and the potential reorganization of global economic...

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10 Jun
New York Related News

Troutman Pepper | New York LLC Transparency Act Enacted … Again

On March 1, New York Governor Kathy Hochul signed a new version of the New York LLC Transparency Act (NYLTA) into law, repealing the original version enacted in December 2023. The new NYLTA pushes back the law’s effective date to January 1, 2026 (from January 1, 2025). The NYLTA’s application is the same — namely that all limited liability companies (LLCs) formed under New York law, or formed outside of New York that are seeking authorization to do business in...

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10 Jun
Member News

Jaguar Freight | The Weekly Roar – Top Shipping News

In this week’s Roar: U.S. ports are lagging, congestion in China, Houthi attacks on the decline, details on the potential Canadian strike, and the need for better market intelligence. The latest Container Port Performance Index (CPPI) highlights the current dominance of East and Southeast Asian ports in the ranking of worldwide container ports — ranks are based on the amount of time ships spend in port. China’s Yangshan Port tops the ranking for the second consecutive year, while, in contrast, American...

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10 Jun
Chapter News

European Parliament | Election 2024: Updated seat projection for new European Parliament

Updated projection for the composition of the new Parliament based on final and provisional results in 26 countries and pre-electoral data for one (as of 11.38).     2024 provisional results as of 10 June at 11:38 The above projection is based on: final results from 12 EU member states: Belgium, Croatia, Cyprus, Czechia, France, Germany, Greece, Lithuania, Luxembourg, Malta, Poland, Slovakia; provisional results from 14 countries: Austria, Bulgaria, Denmark, Estonia, Finland, Hungary, Italy, Latvia, Netherlands, Portugal, Romania, Slovenia, Spain, Sweden; and pre-electoral...

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10 Jun
Member News

Stephenson Harwood | Data Protection update – May 2024

Welcome to the Stephenson Harwood Data Protection update, covering the key developments in data and AI laws from May 2024. This month the EU AI Act was adopted by the EU Council and the Data Protection and Digital Information Bill (the "DPDI Bill") fell in the Parliament wash-up period ahead of the UK General Election. In AI news, Max Schrems' data privacy group noyb filed a complaint to the Austrian Data Protection Authority ("DPA") regarding ChatGPT's "hallucinations", the AI Seoul Summit...

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07 Jun
Member News

Vulcan View: The latest EU developments 3 June – 7 June

What to expect from the European Parliament election With the elections beginning this week, there are EU election projections surfacing. Below Vulcan’s team has analysed what is expected from the upcoming results.  Although there is an anticipated far-right surge, a centrist majority comprising of the centre-right, liberals, and socialists still prevails. The centre-right European People’s Party (EPP) is expected to take first place with 182 seats, followed by the Socialists and Democrats (S&D) with 136 seats. Along with Renew Europe (81 seats),...

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06 Jun
Member News

Bannockburn Global Forex | The Euro Remains Firm Ahead of the First Time the ECB will Cut Rates Before the Federal Reserve

Overview: The dollar is mostly softer today, ahead of tomorrow's employment report. The ECB meeting and President Lagarde's press conference are main events today. There is little doubt that it will cut rates today and do so ahead of the Federal Reserve for the first time. The ECB's forward guidance may be the key to the market's reaction. That said, the euro is in the upper end of its recent range, near $1.09. The Mexican peso, which was crushed at...

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06 Jun
Chapter News

European Commission | European elections: EU institutions prepared to counter disinformation

The EU institutions are playing their part to defend the European elections on 6-9 June against disinformation and information manipulation targeting European democracy. The European elections are a flagship of European democracy. As documented by e.g. the European Digital Media Observatory, disinformation actors from inside and outside the EU seek to undermine the integrity of the electoral process, trust in democratic processes at large and sow division and polarisation in our societies. According to the Eurobarometer, 81% of the EU citizens...

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06 Jun
Member News

Cilcare and Shionogi Announce Exclusive Option Agreement for Innovative Hearing Disorder Treatments

Cilcare, a leading biotech company specializing in auditory sciences, is pleased to announce a landmark agreement with Shionogi, an impact-driven pharmaceutical company. This exclusive option agreement grants Shionogi the right to license global rights to CIL001 and/or CIL003, two promising drug candidates aimed at treating hearing disorders, with a particular focus on addressing the increasing prevalence of hidden hearing loss and tinnitus. Under the terms of the agreement: Shionogi will receive an exclusive option to license global rights to CIL001...

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