17 Feb
Chapter News

ECB Speech | The euro area hiking cycle: an interim assessment

Dow Lecture by Philip R. Lane, Member of the Executive Board of the ECB, at the National Institute of Economic and Social Research | London, 16 February 2023 | Introduction It is an honour to deliver this year’s Dow Lecture. Christopher Dow had a distinguished career as an applied macroeconomist, both in the United Kingdom (at the Bank of England, the Treasury and here at NIESR) and internationally (as OECD Chief Economist from 1963 to 1973). Moreover, he extensively analysed my...

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17 Feb
Chapter News

ECB Speech | Monetary policy after the energy shock

Speech by Fabio Panetta, Member of the Executive Board of the ECB, at an event organised by the Centre for European Reform, the Delegation of the European Union to the United Kingdom and the ECB Representative Office in London | London, 16 February 2023 | It is a pleasure to be with you here in London today. The energy shock stemming from Russia’s aggression against Ukraine has prolonged and aggravated a sequence of unprecedented supply shocks. These shocks, combined with the...

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16 Feb
Member News

AlixPartners | Retailers need a stronger supplier plan as margins go under the microscope

Retailers relied on pricing to solve a lot of their problems last year. Staggering input costs, including those related to energy, transport, and raw materials, were only manageable because they could be passed on to customers. However, as economic growth slows and the Federal Reserve continues its aggressive rate increases to tame inflation, consumer buying power is diminishing as well. This means that retailers will have to look elsewhere to combat rising costs as they try to maintain margin...

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16 Feb
Chapter News

IMF | The Unfinished Business of International Business Tax Reform

Most countries in the world agreed on a major tax reform in 2021. Now it’s time to follow through with implementation. The international tax system—shaped by the League of Nations in April 1923—has come under intense pressure in recent years. Globalization, digitalization, and tax competition have made it increasingly hard for countries to raise revenue from multinational companies in an effective, fair, and efficient manner. Following a decade of debate, 138 countries recently agreed to the first major overhaul of...

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16 Feb
Member News

EACCNY “Digitalization” Series | NFTs & Copyright Issues in the EU and U.S.

With the help of our members, this thought-leadership series explores the acceleration of “digitalization” due to COVID-19 on both sides of the Atlantic, and across various industries. Today, we present Lisa A. Ferrari, Co-Chair, Copyright Practice at COZEN O'CONNOR in New York City, USA; along with Camille Truchot, Associate at GIDE LOYRETTE NOEL in Paris, FR. They will address: “NFTs & Copyright Issues in the EU and U.S.”. An NFT, or "non fungible token" is a token, registered on a...

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16 Feb
Member News

EIB approves €5.5 billion investment for energy, business, transport, health, and cities

€2.4 billion for clean energy €1.3 billion for business investment and corporate innovation €614 million for urban development and housing €501 million for sustainable transport The Board of Directors of the European Investment Bank (EIB) today approved €5.5 billion of new financing to support new green energy, business, transport, health and education across Europe and around the world. “The EIB’s backing for transformational renewable energy projects approved today demonstrates our firm commitment to support the REPowerEU plan with additional clean...

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16 Feb
Member News

Loyens & Loeff | ELTIF 2.0 adopted by the European Parliament – a further boost for Luxembourg as a pan-European retailisation hub of private funds?

The European Parliament has voted on 15 February 2023 in favour of a major update to the EU’s regulation for long-term investment funds (ELTIFs), also known as ELTIF 2.0. Adopting ELTIF 2.0 by the European Parliament forms part of the EU’s wider Capital Markets Union (CMU) initiative that aims to develop the EU’s capital markets. 1. Background to ELTIF 2.0 The initial ELTIF Regulation entered into force on 19 May 2015 with the objective of boosting European long-term investments in the...

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15 Feb
Member News

CEA Legal P.C. | Master Service Agreements

As a business, you want to make sure that you have all your bases covered. This includes having a master service agreement in place. A master service agreement is a contract between a company and its customers that outlines the terms and conditions of the services being provided. This agreement protects both parties involved and ensures that everyone is on the same page. Having a master service agreement in place is essential for any business, so make sure you...

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15 Feb
Chapter News

European Green Deal: Commission proposes 2030 zero-emissions target for new city buses and 90% emissions reductions for new trucks by 2040

Today, the European Commission has proposed ambitious new CO2 emissions targets for new heavy-duty vehicles (HDVs) from 2030 onwards. These targets will help to reduce CO2 emissions in the transport sector - trucks, city buses, and long-distance buses are responsible for over 6% of total EU greenhouse gas (GHG) emissions and more than 25% of GHG emissions from road transport. These strengthened emissions standards would ensure that this segment of the road transport sector contributes to the shift to...

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15 Feb
Chapter News

Winter 2023 Economic Forecast: EU economy set to avoid recession, but headwinds persist

Almost one year after Russia launched its war of aggression against Ukraine, the EU economy entered 2023 on a better footing than projected in autumn. The Winter interim Forecast lifts the growth outlook for this year to 0.8% in the EU and 0.9% in the euro area. Both areas are now set to narrowly avoid the technical recession that was anticipated for the turn of the year. The forecast also slightly lowers the projections for inflation for both 2023...

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