Member News

Troutman Pepper | ‘More Privacy, Please’ November 2022 Edition

Editor's Note: The California Privacy Protection Agency released amendments to its draft regulations, and the Consumer Finance Protection Bureau contemplates rulemaking on sharing financial data. In U.S. litigation, the first Illinois Biometric Information Privacy Act jury trial took place, and the Third Circuit provided further guidance on data breach litigation. In international news, the French Data Protection Authority fined Clearview AI for personal information collection violations. US Laws and Regulation CPPA Publishes Updates to Draft Regulations. On November 3, the...

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Member News

IPTI | Update on U.S. & EU Property Tax Issues: November 2022

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together below a selection of articles from IPTI Xtracts; more articles can be found on its website (www.ipti.org). United States New York: Real Estate Makes Up Larger Share Of NYC's Tax Revenue Even Amid Value Reset Real estate taxes have steadily become a larger and larger part of...

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Chapter News

ECB | Can Europe be a green innovation leader?

Europe is punching below its weight in the climate-technology competition. The continent needs to facilitate risk capital markets and to invest more in research and development. This is the 4th post in a series of climate-related entries on the occasion of COP27. Virtually non-existent half a century ago, nowadays climate-friendly technologies and products like the electric car, the solar panel and the heat pump are all around us. This often creates the wrong impression that timely green transition is just...

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Member News

Jaguar Freight | Weekly Roar: The Winter Forecast is looking bleak

In this week’s Roar: changing tide for US import volumes, pessimism from retailers, hope for a turnaround in air freight, the ongoing impact of the Ukraine war, and the latest on autonomous trucks. How low can we go? Things have been looking bad over the last several months in terms of US imports. Volumes took a hit in September, with their deepest decline since lockdowns went into effect in 2020. At the rate they were dropping, October would have seen...

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Chapter News

IMF | Slowing Global Economic Growth is Increasingly Evident, High-Frequency Data Show

While there are multiple headwinds weighing on growth, further policy tightening is expected amid the need to bring down elevated inflation Global economic growth prospects are confronting a unique mix of headwinds, including from Russia’s invasion of Ukraine, interest rate increases to contain inflation, and lingering pandemic effects such as China’s lockdowns and disruptions in supply chains. In turn, our latest World Economic Outlook, released last month, lowered our global growth forecast for next year to 2.7 percent, and we...

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Chapter News

Food security: the EU Commission addresses the availability and affordability of fertilisers in the EU and globally

Fertilisers play a significant role for food security. Their production and their cost largely depend on natural gas. Following Russia's invasion of Ukraine, a global mineral fertiliser and energy crisis is now weighing on global food security and food prices. In this context, the European Commission presented today a Communication on ensuring availability and affordability of fertilisers. Today's Communication presents a wide range of actions and guidance on how to tackle the challenges that EU farmers and industry, as...

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Member News

Houthoff | Landmark victory for Fiat and the national fiscal autonomy

The EU Court's ruling of 7 November 2022 is a major victory for Fiat and the fiscal autonomy of the EU Member States. It rejects the European Commission's ("Commission") assessment of the application of the arm's length principle ("ALP") under Luxembourg law that had previously been upheld by the General Court ("GC"). More importantly, it dismisses the Commission's plea for an autonomous interpretation and application of the ALP under the EU State aid rules, and as such the judgment...

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Chapter News

FSB Chair’s letter to G20 Leaders: November 2022

The return of inflation, higher interest rates, record-high debt levels and geopolitical tensions threaten to expose vulnerabilities within the financial system. This letter was submitted to G20 Leader ahead of their meeting on 15-16 November. The letter notes that developments since the Rome Summit have been a stark reminder that global financial stability should not be taken for granted. The return of inflation to levels not seen in decades has resulted in a strong interest rate response and significantly tighter financial...

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Member News

Vulcan Insight | Brussels keeps its eyes on the US midterm elections

EU capitals all let out a sigh of relief this week as the results of the US midterm elections began to roll in. Many were quick to celebrate the fact that the US Democrats seemed to have managed to prevent the “red wave” US polls had predicted would sweep across the country. Although the results are still rolling in, and it seems the Democrats will not have a majority in either house, President Biden’s party did much better than...

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Chapter News

Military Mobility: EU proposes actions to allow armed forces to move faster and better across borders

Today, the EU Commission and the High Representative put forward an Action Plan on Military Mobility 2.0 and a Joint Communication on an EU cyber defence policy to address the deteriorating security environment following Russia's aggression against Ukraine and to boost the EU's capacity to protect its citizens and infrastructure. In particular, the Action Plan on Military Mobility will help European armed forces to respond better, more rapidly and at sufficient scale to crises erupting at the EU's external borders...

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