Brexit News

Vulcan Insight | The Windsor Framework – a “Decisive Breakthrough”

After months of negotiations and weeks of rumours that the EU and UK were on the brink of a deal, Commission President, Ursula von der Leyen and UK Prime Minister, Rishi Sunak, announced this week that an agreement “in principle” on the Northern Ireland Protocol had been reached. Following weeks of technical talks, which were kept very secretive with no leaks emerging ahead of the announcement, the so-called “Windsor Framework” was announced on 27 February. The newly announced Windsor Framework, which has been agreed...

Read more

Chapter News

Next step in FTC’s Green Guides review: A closer look at “recyclable” claims

The word “recyclable” shows up in a lot of environmental claims for consumer products, but what do people understand the term to mean? Does that perception reflect the current state of recycling practices? And have there been changes in perception or practices that might suggest updates to the FTC’s Green Guides? Those are some of the topics on the table at Talking Trash at the FTC: Recyclable Claims and the Green Guides, a half-day workshop scheduled for May 23,...

Read more

Member News

CLA | Cash is Power – Are you Putting Yours to Use?

Gone are the days of having cash and other liquid investments on our balance sheets earning a fraction of a percentage point. As many of our readers are experiencing, and an observation we’re noticing with the majority of our clients, is that cash reserves in transportation & logistics businesses are at an all time high. Profitability, government aide, and strong used equipment market has had a tremendous impact on companies’ balance sheets, enabling them to build cash reserves for...

Read more

Brexit News, Chapter News

A new way forward on the Protocol on Ireland/Northern Ireland: political agreement in principle on the Windsor Framework

Today, the European Commission and the Government of the United Kingdom reached a political agreement in principle on the Windsor Framework. This constitutes a comprehensive set of joint solutions aimed at addressing, in a definitive way, the practical challenges faced by citizens and businesses in Northern Ireland, thereby providing them with lasting certainty and predictability. The joint solutions cover, amongst other things, new arrangements on customs, agri-food, medicines, VAT and excise, as well as specific instruments designed to ensure that...

Read more

Chapter News

EU HR/VP Josep Borrell Speech | The world is demanding a just peace for Ukraine

This week we marked one year of Russia’s aggression against Ukraine. At the UN, an overwhelming majority of 141 members voted for a just peace for Ukraine. With only 7 countries voting against, it showed, once more, how isolated Russia is. In a briefing to the Security Council, I also underlined the EU’s track record of promoting peace not just in Ukraine but around the world. Many countries look to the EU as a reliable partner with strong multilateral...

Read more

Member News

Vulcan Insight | Big Tech to adhere to strict EU rules under the DSA from Summer 2023

The landmark Digital Services Act (DSA), which following months of negotiations and debate entered into force on 16 November 2022, is nearing the final phases before being fully implemented. In 2024, the flagship rules will be implemented to regulate the content and governance of digital platforms across the EU. The DSA aims to increase transparency on digital algorithms, stop the spread of illegal posts and disinformation, and protect user privacy. Platforms are subject to different degrees of regulation based...

Read more

Brexit News, Member News

BBGFX | Potential Brexit Breakthrough Helps Sterling, while France and Spain Report Stronger Price Pressures

Overview: There are two important developments. First, the stronger than expected February inflation reports from France and Spain have sparked a jump in European interest rates and the swaps market is beginning to price in a 4% terminal rate by the European Central Bank. The deposit rate is now at 2.50% and is widely expected to rise to 3.0% in the middle of next month. Second, a tentative agreement to resolve the dispute over the Northern Ireland protocol has...

Read more

Chapter News

IMF | In Major Economic Shocks, Best Response Combines All-Out, Large-Scale Policies

Bank lending grew faster in countries with policy packages combining large fiscal, monetary, and prudential measures. Economists will be studying the pandemic for generations to learn from the dramatic global downturn and the ensuing credit crunch, but one important lesson about the scope of action needed to contain the next global crisis is already coming into focus. During the pandemic, countries often used all-out responses that combined large fiscal, monetary, and prudential policies like grants, credit facilities, and relaxed capital requirements....

Read more

Chapter News

Statement by the Members of the European Council

One year ago, Putin’s Russia started its brutal war of aggression against Ukraine. The Ukrainian people have shown incredible strength in defending their homeland and the core principles of international law against the Russian aggression. They have shown resolve in defending democracy and freedom, resilience in the face of hardship and dignity when confronted with Russia’s crimes. The Ukrainian people have shown the world that the future of Ukraine is for the Ukrainians to decide. No country has the right to...

Read more

Chapter News

EU agrees 10th package of sanctions against Russia

The EU Commission welcomes the Council's adoption of a 10th package of sanctions against Russia and those that support it in its illegal aggression against Ukraine. 24 February marks one year since Russia's full-scale invasion of Ukraine and 9 years since the beginning of Russia's illegal invasion and occupation of Ukrainian territory. This package is turning up the pressure in response to Putin's brutal war, including viciously targeting civilians and critical infrastructure. In order to further increase the effectiveness...

Read more