26 Sep
Chapter News

EU Council adopts additional €5 billion assistance to Ukraine

The EU Council today formally adopted the decision to provide € 5 billion of additional macro-financial assistance (MFA) to Ukraine, as a matter of urgency. On 9 September, EU ministers for finance had agreed a statement in support of these additional €5 billion assistance for Ukraine at the informal Ecofin Council meeting in Prague. Today, this additional assistance was formally adopted, after the necessary formal steps were completed within just 11 days. This financial assistance complements other EU support to Ukraine...

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26 Sep
Member News

Qarik emphasizes the importance of its collaborative approach by hiring a senior partnership strategist

NEW YORK, Sept. 22, 2022 /PRNewswire/ -- Qarik Group is delighted to welcome Scott Buck as the Global Head of Strategic Partnerships. Scott joins Qarik with more than 25 years of experience in executive level technology positions with extensive expertise building successful strategic partnerships for Fortune 500 global companies. Most recently, Scott served as the Executive Global Partner for Google Cloud at DXC Technology. Prior to DXC, he held senior leadership roles at Deloitte, Accenture, and IBM. Qarik CEO, Joe...

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26 Sep
Member News, New York Related News

Littler | New York City Proposes Regulations to Clarify Requirements for Using Automated Employment Decision Tools

On September 23, 2022, the New York City Department of Consumer and Worker Protection (DCWP) proposed additional rules relating to Local Law 144 of 2021, which will regulate the use of automated employment decision tools starting January 1, 2023.  The newly proposed rules provide much-needed clarity on key gaps within Local Law 144.  The comment period is now open, with a public hearing set for October 24, 2022.  Stakeholders may provide written comments or seek to testify orally by...

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23 Sep
Member News

Vulcan Insight | The EU at the UN General Assembly

Over 100 world leaders assembled in New York earlier this week for the United Nation’s annual General Assembly (UNGA). Traditionally, the UNGA is the biggest diplomatic occasion of the year. It provides an opportunity for heads of governments and states to gather and discuss the global issues of the day. This year, the UNGA is different. Russia, a permanent member of the UN Security Council, is in the midst of fully fledged military invasion of another sovereign state, Ukraine. Russian...

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23 Sep
Chapter News

OECD | Tax policy is playing a key role in promoting economic recovery and responding to the energy price shock

Tax policy is playing a critical role as countries seek to promote economic recovery from the COVID-19 pandemic and respond to the impact of rapid increases in energy prices, according to a new OECD report. Tax Policy Reforms 2022 describes recent tax reforms across 71 countries and jurisdictions, including all OECD members and selected members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting. The report finds that tax reforms - notably reductions in taxes on labour and more...

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22 Sep
Member News

AICEP Portugal Global | Airbus Atlantic launches first industrial unit in Portugal

Airbus Atlantic Portugal inaugurated yesterday its new group premises in Santo Tirso, 30 km from Porto, where it produces components for the Airbus A320 and A350, reinforcing its commitment to the Portuguese aeronautical cluster in an investment of 40 million euros, raised and monitored by AICEP. The inauguration ceremony was attended by the Portuguese Prime Minister, António Costa, the Chairman and CEO of the Portuguese Trade & Investment Agency (AICEP), Luís Castro Henriques, the CEO of Airbus, Cédric Gautier, and...

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22 Sep
Chapter News

European Media Freedom Act: EU Commission proposes rules to protect media pluralism and independence in the EU

The European Commission adopted today a European Media Freedom Act, a novel set of rules to protect media pluralism and independence in the EU. The proposed Regulation includes, among others, safeguards against political interference in editorial decisions and against surveillance. It puts a focus on the independence and stable funding of public service media as well as on the transparency of media ownership and of the allocation of state advertising. It also sets out measures to protect independence of...

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22 Sep
Chapter News

ECB Interview | Bringing inflation back to target

Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Florian Schmidt on 15 September 2022 | Ms Schnabel, you come from Dortmund, a city of hard workers, or “Malocher” as they are referred to locally. How often do you think about these people in the context of high inflation? Many people are worried that they won’t be able to pay their energy bills. Some even struggle to pay for food at the end of the month...

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22 Sep
Member News

Cozen O’Connor | Biden Administration Significantly Expands CFIUS National Security Factors

On September 15, 2022, President Biden signed an Executive Order (EO), which connects the work carried out by the Committee on Foreign Investment in the United States (CFIUS or the Committee) to the Administration’s national security aims beyond the traditional defense industrial base. This is the first EO of its kind since CFIUS was established in 1975. It comes at a critical time during this Administration’s efforts to improve the competitiveness of U.S. technologies and greatly reduce U.S. reliance...

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21 Sep
Member News

Loyens & Loeff | New social support measures for companies during the energy crisis in Belgium

On 16 September 2022 the federal government reached an agreement on support measures for companies in difficulty as a result of the energy crisis. The government has adopted similar support measures as those which were in force during the coronavirus pandemic. In this respect, the government has introduced a temporary unemployment scheme “energy” and companies can obtain longer deadlines for the payment of their social contributions. For whom? The measures are intended to apply to all companies that find themselves in difficulty...

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