30 Jun
Chapter News

2022 Strategic Foresight Report: twinning the green and digital transitions in the new geopolitical context

The Commission has today adopted the 2022 Strategic Foresight Report – “Twinning the green and digital transitions in the new geopolitical context”. As we prepare to accelerate both transitions, the report identifies ten key areas of action with the objective of maximising synergies and consistency between our climate and digital ambitions. By doing so, the EU will strengthen its cross-sector resilience and open strategic autonomy, and be better prepared to face new global challenges between now and 2050. Maroš Šefčovič,...

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30 Jun
Brexit News, Member News

Steptoe & Johnson | Divergence or Re-brand? The UK Government Reveals More Information about its Proposals for a New Data Protection Regime Post-Brexit

On June 17, 2022, the United Kingdom (UK) government published its response to its consultation on reforms to the UK’s data protection laws. In effect, the response describes the extent to which the UK government intends to deviate from the General Data Protection Regulation (GDPR) in a post-Brexit world. In summary, rather than radical divergence from the GDPR, the proposals largely move the focus from process to outcomes. While the changes may not be radical, they inevitably add to...

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29 Jun
Chapter News

G7 Leaders’ Communiqué – Executive summary

We, the Leaders of the Group of Seven (G7), met in Elmau, Germany, on 26-28 June 2022, were joined by the Leaders of Argentina, India, Indonesia, Senegal and South Africa, as well as Ukraine. At a time when the world is threatened by division and shocks, we, the G7, stand united. We underscore our resolve to, together with partners, jointly defend universal human rights and democratic values, the rules-based multilateral order, and the resilience of our democratic societies. In doing...

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29 Jun
Chapter News

FTC alleges fraudsters used Walmart’s money transfer services to bilk consumers – while Walmart looked the other way

Millions of Americans look to Walmart as their go-to place to pick up essentials. According to a complaint filed by the FTC, among the people who have come to rely on Walmart for their day-to-day needs are fraudsters who have allegedly used the retail giant’s money transfer services to bilk consumers out of millions of dollars. The FTC lawsuit charges that Walmart’s practice of looking the other way in the face of massive fraud and illegal telemarketing transactions violates...

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29 Jun
Member News

Exeo Attorneys | Immigration Canada – Special Bulletin

EB-5 regional centers officially reauthorized after preliminary injunction reverses USCIS’ decision to deauthorize all regional centers On Friday, June 24, 2022, the Federal Court in the Northern District of California granted a preliminary injunction to stop United States Citizenship and Immigration Services (USCIS) from requiring all regional centers to seek redesignation. In April 2022, USCIS announced that all regional centers authorized under the previous EB-5 legislation would be required to re-apply for designation under the new law before they could receive investments...

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29 Jun
Member News

Sika ramps up production in the USA

Baar/Stafford - Sika from the canton of Zug has opened a manufacturing plant for concrete admixtures in Stafford in the U.S. state of Virginia. In combination with its other plant near Philadelphia, Sika will now have production capacity to meet the strong demand from continued growth in the construction sector in North America. Sika has opened a new manufacturing plant for concrete admixtures on stream in Stafford in the U.S. state of Virginia. Together with the existing plant in Fairless Hills...

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28 Jun
Member News

EIB | G7 endorses joint EIB and AllianzGI initiative financing climate projects in emerging economies

During its summit in Elmau (Germany), the Group of Seven (G7) endorsed the Emerging Market Climate Action Fund (EMCAF) as an example of a concrete innovative and market-led approach to mobilise private investments for climate relevant infrastructure and to enhance multilateral finance and collaboration. In addition, Germany announced to increase their investment in the fund. EMCAF is an innovative blended finance fund initiated jointly by the European Investment Bank (EIB) and Allianz Global Investors (AllianzGI) to finance climate mitigation and...

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28 Jun
Chapter News

OECD | Estonia: focus on structural reforms will underpin and boost recovery

A renewed focus on structural reforms would help drive stronger growth and sustain living standards in Estonia as rising inflation, exacerbated by Russia’s war of aggression against Ukraine has harmed its economic recovery and risks undermining its efforts to reduce poverty. The latest OECD Economic Survey of Estonia sets out that double-digit inflation and labour shortages are slowing the pace of Estonia’s initially robust rebound from the COVID-19 crisis. Headline inflation stood at 20% year-on-year in May, with core inflation...

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28 Jun
Chapter News

OECD Economic Outlook reveals heavy global price of Russia’s war against Ukraine

Watch the live webcast of the press conference Russia’s invasion of Ukraine immediately slowed the recovery from the COVID-19 pandemic and set the global economy on a course of lower growth and rising inflation. The OECD’s latest Economic Outlook projects global growth to decelerate sharply to around 3% this year and 2.8% in 2023, well below the recovery projected in the previous Economic Outlook last December. The economic and social impact of the war is strongest in Europe, with many of the...

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28 Jun
Chapter News

ECB | Price stability and policy transmission

The euro area is facing a complex mix of shocks which are reducing growth and pushing up inflation, says President Christine Lagarde. In this environment, it is imperative for policymakers, within their respective mandates, to address the risks to the economic outlook. Speech by Christine Lagarde, President of the ECB, at the ECB Forum on Central Banking 2022 on “Challenges for monetary policy in a rapidly changing world” in Sintra, Portugal | Sintra, 28 June 2022 | Inflation in the euro...

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