Chapter News

Digital Economy and Society Index 2022: overall progress but digital skills, SMEs and 5G networks lag behind

Today the European Commission published the results of the 2022 Digital Economy and Society Index (DESI), which tracks the progress made in EU Member States in digital. During the Covid pandemic, Member States have been advancing in their digitalisation efforts but still struggle to close the gaps in digital skills, the digital transformation of SMEs, and the roll-out of advanced 5G networks. The Recovery and Resilience Facility, with about €127 billion dedicated to reforms and investments in the area of digital,...

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Member News

EACCNY “Digitalization” Series | EU & US Privacy and Security Considerations for Covid-19 Data Processing Activities From Pandemic to Living with Covid

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 Thora Johnson, Partner at Orrick in Washington D.C.; along with Douglas McMahon, Partner, at McCann FitzGerald in Dublin, Ireland. They will address: “EU & US Privacy and Security Considerations for Covid-19 Data Processing Activities From Pandemic to Living with Covid”. Test and trace activities have been at the heart of...

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Member News

BBGFX | August 2022 Monthly Forex Outlook

We can hope that August will be quiet. The Federal Reserve, the European Central Bank, and the Bank of Japan do not meet until September. With a snap Italian election on September 25, an Italian political storm may wait for vacationers to return. The volatility of the S&P 500, the VIX, is at three-month lows, and the equivalent measure in the Treasury market (MOVE) has come off sharply from the peak in early July that was above the 2020...

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Chapter News

European Commission disburses first tranche of the new €1 billion macro-financial assistance for Ukraine

The European Commission, on behalf of the EU, has today disbursed the first half (€500 million) of a new €1 billion macro-financial assistance (MFA) operation for Ukraine. The second tranche (another €500 million) will be disbursed tomorrow, 2 August. The decision about this new exceptional MFA was adopted by the European Parliament and the Council on 12 July 2022. This additional MFA of €1 billion is part of the extraordinary effort by the EU, alongside the international community, to help...

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Chapter News

IMF | Soaring Inflation Puts Central Banks on a Difficult Journey

Upside risks to the inflation outlook remain large, and more aggressive tightening may be needed if these risks materialize. Central banks in major economies expected as recently as a few months ago that they could tighten monetary policy very gradually. Inflation seemed to be driven by an unusual mix of supply shocks associated with the pandemic and later Russia’s invasion of Ukraine, and it was expected to decline rapidly once these pressures eased. Now, with inflation climbing to multi-decade highs and...

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Member News

IWTA | Three Essential Tax Considerations Foreign Owners of U.S. Real Estate Need to Know

Real estate is a popular investment choice for non-U.S. investors, but foreign investors need to take careful considerations when looking to invest. These considerations include income, business structure and the property value, to name a few. With no one-size-fits-all, investors need proper planning and advice to avoid possible tax and penalty complications. What is the U.S. Estate Tax Exemption? While U.S. citizens and persons who are deemed to be domiciled can enjoy an estate tax exemption in 2022 of $12,060,000, that figure does not...

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Member News

Steptoe | Burst of Tax Legislative Activity in the Senate Catches Many by Surprise

On July 27, only hours after the Senate passed, by a vote of 64-33, a pared-down version of the Creating Helpful Incentives to Produce Semiconductors for America (CHIPS) Act (H.R. 4346), Senate Majority Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV) announced they had reached an agreement on a budget reconciliation package. The reconciliation legislation, called the Inflation Reduction Act of 2022 (IRA) (H.R. 5376), is a much pared-down version of the House-passed Build Back Better (BBB) bill. After...

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Member News

Vulcan Insight | IMF forecasts cuts to global, EU economic growth

On Tuesday, the International Monetary Fund updated its annual World Economic Outlook, providing a gloomy economic outlook for the world economy. According to the IMF’s outlook, global GDP growth will be limited to 3.2% for this year and 2.9% for the coming year. The figure is already down significantly from the 6.1% projected last year. According to the IMF’s analysts, a “tentative recovery in 2021 has been followed by increasingly gloomy developments in 2022 as risks began to materialize,” referencing...

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Member News

Datacolor | How to Have a Successful Rollout of Your New Color Solutions

This is the final blog by Dwight Davis, Datacolor Regional Sales Manager, in our series about finding the right tools for digital color management. In this series, we covered how to begin your search, making the business case for color management, the different types of color measurement instruments and more. Our goal is to help you make the best decision possible for your company’s needs. Whether you’re investing in digital color technology for the first time or you’re upgrading your existing...

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Member News

ACG Resources | Advantages and Disadvantages of Hiring Freelance Employees

There are many Advantages and Disadvantages to hiring freelance employees. Freelancing is becoming more common in the fast paced economy, with surveys showing freelancers made up 35% of the U.S. work force in 2016. With this increase in freelancing, stable, full-time employees are becoming less common, but it is important for employers to know the advantages and disadvantages of freelancers before making the switch. Advantages With the freelance economy growing, freelancers offer many advantages to companies. Freelancers cost less than full-time employees....

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