Member News

Vulcan Insight | European Parliament adopts Common Charger position

In a critical step towards mandating a common charger across the EU, Members of the European Parliament’s internal market and consumer protection committee (IMCO) agreed on their position for a single charger for mobile phones and other small electronic devices, such as tablets, e-book readers, smart cameras and wearable electronics at their meeting on Wednesday. The Parliament’s internal position largely backs the September 2021 proposal put forward by the European Commission and must now be negotiated with the EU Member...

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Member News, New York Related News

CBIZ Marks Paneth | How the Recently Passed New York State Budget Affects Your Income Taxes

On Saturday, April 9, 2022, New York Governor Kathy Hochul enacted the State’s 2022-2023 budget. New York, like most states, is swimming in a cash surplus because of favorable tax collections and federal COVID relief, so this year’s enacted budget doesn’t bring any tax increases. Instead, it provides for tax relief in many areas, including property tax relief.  The following are some of the budget provisions affecting New York State and city income taxes: Middle Class Tax Cuts Tax cuts on middle...

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Chapter News

Speech by Commissioner Gentiloni at the Peterson Institute for International Economics: Transatlantic economic policy in times of war

Thank you Adam for this introduction. It is a pleasure to be in D.C. and to be at the Peterson Institute for the first time in person, even if unfortunately the audience is still virtual. It is right to remain prudent – and to remind ourselves that the pandemic is not yet over. One step at a time! It is now almost two months since Russia's unprovoked and unjustified invasion of Ukraine. Two months of indiscriminate killings, bombings of civilian...

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Chapter News

ESMA postpones the annual calculations of LIS and SSTI for bonds and the quarterly bonds liquidity assessment

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has decided to postpone the publication of sizes large in scale compared to the standard market size (LIS) and the size specific to the instrument (SSTI) as well as the May quarterly bonds liquidity assessment. The amended regulatory technical standards (RTS 2) and the move to stage 3, will enter into force on 3 May 2022. ESMA, to ensure that the transparency calculations at the application date set...

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Member News

AICEP Portugal | European consortium moves to build green hydrogen and ammonia complex in Portugal

A European consortium comprising Portuguese developer Madoqua Renewables, Dutch energy transition project developer and consultancy Power2X and Danish fund manager Copenhagen Infrastructure Partners has announced plans to build a €1bn ($1.08bn) industrial-scale complex for the production of green hydrogen and ammonia in Sines, Portugal. The Portuguese government placed Sines, which is home to the country’s largest deepwater port, at the centre of the national EN-H2 hydrogen strategy, approved in 2020. Dubbed the MadoquaPower2X, the project will use renewable energy and 500MW...

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Member News

Portolano Cavallo | The new decree on non-profit studies: Data and results may now be sold in Italy

This article is part of Portolano Cavallo’s “INFORM@Life Sciences” Newsletter. Click here to subscribe | The Italian version of this article has been published on March 17, 2022 on AboutPharma.com, within Portolano Cavallo's bi-monthly column on the new Clinical Trials Regulation EU 536/2014. On February 16, 2022, more than two years later than planned, the Ministerial Decree of November 30, 2021, containing measures to facilitate and support the development of nonprofit clinical trials of medicinal products and observational studies, as well as to...

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Member News

Elvinger | Sustainable Finance update (asset management): SFDR RTS adopted by the European Commission

Initially published on Elvinger's website here | On 6 April 2022, the European Commission ("EC") adopted the EU Sustainable Finance Disclosure Regulation ("SFDR") Regulatory Technical Standards in the form of a delegated regulation ("RTS"). As previously announced, the EC decided to consolidate all 13 SFDR RTS into one single delegated act, which is expected to apply from 1 January 2023. The RTS should provide the asset management industry and EU regulators with much needed certainty when preparing for compliance. In the Explanatory Memorandum...

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Chapter News

IMF | Governments Need Agile Fiscal Policies as Food and Fuel Prices Spike

'Spending imperatives from pandemic and war meet high debt and tight budget constraints.' Just as increasing vaccinations offered hope, Russia’s invasion of Ukraine disrupted the global economic recovery. One of the most visible global effects has been the acceleration of energy and food prices, triggering concerns about episodes of food shortages and increasing the risks of malnutrition and social unrest. World food prices surged by 33.6 percent in March from a year earlier, according to the Food and Agriculture...

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Member News

Jaguar Freight | Global Freight Updates: Still Watching China

In this week’s Roar we’re covering several angles of the supply chain mess that is China, air cargo as the hero we didn’t know we needed, and the internet of things (IOT) technology as one long-term solution. As supply chain professionals, we are acutely aware of how the present lockdowns in China (which impact regions producing 40% of GDP) will have far-reaching implications on an already tenuous global economy. With the situation in Ukraine not helping matters, it’s discouraging that...

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Chapter News

IMF | Private Debt to Weigh on Global Economic Recovery

'A record rise in private debt could slow the economic recovery, but the drag on growth will vary across countries and within them.' Governments succeeded in lessening the economic pain of the pandemic by providing plenty of liquidity to stricken consumers and businesses through credit guarantees, concessional lending and moratoriums on interest payments. But although these policies proved effective in supporting balance sheets, they also led to a spike in private debt, extending a steady increase in leverage spurred by supportive...

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