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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27 Jun
Chapter News

European Council, 23-24 June 2022

On 23-24 June 2022, the European Council adopted conclusions on Wider Europe, Ukraine, the membership applications from Ukraine, the Republic of Moldova and Georgia, Western Balkans, economic issues, Conference on the Future of Europe and external relations. European Council conclusions, 23-24 June 2022 Remarks by President Charles Michel following the second session of the European Council, 24 June 2022 Ahead of the European Council meeting, EU and Western Balkan leaders met in the morning of 23 June 2022 in Brussels. ...

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27 Jun
Chapter News

ESMA publishes results of its Call for Evidence on ESG ratings

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today publishes a letter to the European Commission (EC) providing its findings from the Call for Evidence to gather information on the market structure for ESG rating providers in the European Union (EU). Key findings ESMA received a total of 154 responses and found 59 ESG rating providers currently active in the EU. The analysis of the responses further indicated several characteristics and trends as follows: ESG rating providers...

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27 Jun
Chapter News

Joint Statement by President von der Leyen and President Biden on European Energy Security

Following the further invasion of Ukraine, Russia continues to use natural gas as a political and economic weapon. Russia's energy coercion has put pressure on energy markets, raised prices for consumers, and threatened global energy security. This was most recently demonstrated by the politically motivated acute disruptions of gas supplies to several European Union Member States. These actions only underscore the importance of the work both the United States and the European Commission are doing to end our reliance...

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27 Jun
Chapter News

Joint statement by Vice-President for Interinstitutional Relations and Foresight Maroš Šefčovič, and Jan Christian Vestre, Norway’s Minister of Trade and Industry

Vice-President for Interinstitutional Relations and Foresight, Maroš Šefčovič, and Jan Christian Vestre, Norway's Minister of Trade and Industry, have released the following joint statement on enhanced political and industrial cooperation on the strategic value chains of batteries and raw materials. The European Union and Norway enjoy a deep and long-standing relationship as neighbours and partners, sharing common political objectives and fundamental values, while being part of the Single Market through the European Economic Area (EEA). Given the urgent need to tackle...

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27 Jun
Member News

Re-assessing the Technology Risk Mosaic

By R.K. Gardner, New World Technology Partners | Digital technology, often expressed as Information and Communications Technology (ICT) embodies a more expansive and vulnerable array of elements than has been considered in traditional cyberspace. The pace of introduction and (often hasty) adoption of new and emerging technologies, applications and information artifacts, upon which enterprises and government institutions/agencies rely to conduct business, has become a global system-of-systems, composed of numerous interdependent components and myriad channels. They operate in a rapidly changing...

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