05 Dec
Member News

Anchin | Understanding the Impact of the Supreme Court Decision in Connelly v. United States on Business Planning and Estate Tax

On June 6th, 2024, the United States Supreme Court upheld the 8th Circuit Court of Appeals opinion in Connelly v. United States, a case involving the estate tax and the valuation of shares in a closely held corporation. The ruling has significant implications for business owners with buy-sell agreements funded by life insurance, making it crucial to understand how this ruling impacts business owners’ estate planning and tax strategies. The Court ruled that life insurance proceeds used to fund the redemption...

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03 Dec
Chapter News

European Commission | New Eurobarometer survey shows record high trust in the EU in recent years

The latest Eurobarometer released today reveals the highest level of trust in the European Union since 2007 and the highest-ever support for the euro. The survey also shows that Europeans have a more optimistic view about the future. They would like to see a stronger and more independent EU, especially in the face of the current global challenges. Trust in the EU is at its highest level in 17 years 51% of Europeans tend to trust the EU, the highest result...

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03 Dec
Chapter News

Council of the EU | Global Gateway: Council endorses flagship project list for 2025

The Council of the EU has endorsed 46 Global Gateway flagship projects for 2025. The projects identified as flagships by EU member states’ ambassadors are prominent examples of Global Gateway deliverables in the areas of digital, climate and energy, transport, health, education and research. This selection of key initiatives helps to showcase the comprehensive support the EU and its member states offer to partners across the globe in terms of the sectors of activities, as well as the countries and regions concerned. The...

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03 Dec
Member News

Bannockburn Global Forex | December 2024 Monthly

The trends were already entrenched before the US election and continued through most of last month. The trend toward higher rates and higher equities stalled, while the dollar remained strong. Investors and business continue to wrestle with the implications of the Republican sweep in the US elections. There are two broad issues that are the source of uncertainty. The first is the broad tariff Trump has advocated on the campaign trail: 60% on China and 10-20% on rest of the...

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03 Dec
Chapter News

ECB publishes second progress report on the digital euro preparation phase

ECB updates digital euro rulebook following joint review with consumers, retailers and payment service providers ECB concludes call for applications to select potential external providers and publishes invitation to tender ECB launches new research to incorporate users’ digital euro design preferences Stakeholder engagement across euro area remains key priority to support ongoing legislative deliberations The European Central Bank (ECB) has published its second progress report on the preparation phase of a digital euro, which was launched on 1 November 2023 and...

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03 Dec
Chapter News

OECD | Generative AI set to exacerbate regional divide in OECD countries, says first regional analysis on its impact on local job markets

Generative Artificial Intelligence (AI) will impact regional local job markets differently across OECD countries, exacerbating existing urban-rural income and productivity gaps as well as the digital divides between regions, according to a new OECD report. Job Creation and Local Economic Development 2024 finds that, following a decade of employment growth, over half of OECD regions had reached employment rates above 70% by 2023, with more women joining the workforce, narrowing the gender gap in labour force participation in 84% of OECD...

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02 Dec
Member News

Cilcare | 10 years of innovation for Making Hearing A Priority

Cilcare is proud to mark a decade of groundbreaking work in hearing loss and tinnitus research. Since our founding in 2014, we have remained committed to driving scientific innovation and advancing solutions to address the global medical need for hearing health treatments. In celebration of this significant milestone, we have released a special video that highlights key achievements, the dedication of our visionary founders, and the unwavering support of our partners, scientific board members, and collaborators. As we look ahead,...

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02 Dec
Member News

ICEX | Spain improves its position in the world ranking for digital competitiveness

The country is in the top ten for variables like bandwidth speed and use of robots in education and R&D. Spain has climbed three places in the World Digital Competitiveness Ranking 2024, the global digital competitiveness ranking compiled by the World Competitiveness Centre (WCC) at the International Institute for Management Development (IMD), based in Switzerland. It thus regained the 28th position it occupied in 2022 out of a total of 67 countries, and obtained a score of 70.86 out of 100. The...

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02 Dec
Member News

Vulcan View: The latest EU developments 25 November – 29 November

European Parliament approves von der Leyen’s College of Commissioners On Wednesday, 27 November, MEPs gathered for the European Parliament Plenary on the new College of Commissioners and its programme, to vote on the approval of the new college. The session began with European Commission President Ursula von der Leyen’s speech thanking the outgoing College and sharing an outline of the plan for the new College. Von der Leyen announced her plan for a Competitive Compass, built on the three pillars of...

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02 Dec
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Spiking EU/ US air rates, sustainability regulations, more tariff talk for Canada and Mexico, a Panama Canal land bridge, and the increasing threat of supply chain scams.

Airfreight rates between Europe and the Americas have spiked in recent weeks, pushing up global air cargo prices. The main culprit seems to be reduced cargo capacity on these lanes, coupled with seasonal demand. For example, spot rates from Europe are 23% higher than they were at this time last year. Other key routes, such as Asia to the US and Europe are on the rise as well, although increases there are more moderate. Sustainability regulations and compliance are an ongoing...

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