25 Apr
Chapter News

ECB | Energy prices and private consumption: what are the channels?

1 Introduction The recent increase in energy prices raises the question of the extent to which households will reduce their consumption in response. With the global economy in the process of recovering from the coronavirus (COVID-19) pandemic, the prices of many commodities – including oil and gas – have soared over the last year or so. Since demand for energy is inelastic in the short run, those large price increases imply significant declines in households’ purchasing power, which will need...

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25 Apr
Chapter News

Speech by Christine Lagarde | A new global map: European resilience in a changing world

Keynote speech by Christine Lagarde, President of the ECB, at the Peterson Institute for International Economics | Washington, D.C., 22 April 2022 | It is a pleasure to be in Washington to speak with you today. The economic fallout from Russia’s invasion of Ukraine may mark a defining moment for globalisation in the 21st century. Russia’s unprovoked aggression has triggered a fundamental reassessment of economic relations and dependencies in our globalised economy. And in a post-invasion world, it has become increasingly untenable...

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22 Apr
Chapter News

Statement by Executive Vice-President Vestager On the decision by Kingspan and European Architectural Systems to abandon the proposed transaction involving the purchase of Trimo

The European Commission takes note of the decision by Kingspan and European Architectural Systems (i.e. the parent company of Trimo) to terminate their proposed agreement according to which Kingspan intended to acquire sole control over Trimo. This marks the end of the Commission's investigation into this transaction. Kingspan, based in Ireland, is a manufacturer of insulating panels, including mineral fibre sandwich panels, and other building materials and solutions. Trimo, based in Slovenia, is active mainly in the manufacture of...

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22 Apr
Member News

Littler | The Netherlands: Ban on side jobs to be prohibited?

As of August 1, 2022, it will be more difficult for employers in the Netherlands to prohibit employees from working for other employers. Employers will then be able to prohibit such work only if they have objective reasons that justify such a prohibition. This change does not mean that existing clauses regulating work for third parties will automatically become null and void, even if they state that the employee requires the prior written consent of the employer to carry out...

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22 Apr
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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21 Apr
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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21 Apr
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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21 Apr
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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21 Apr
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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21 Apr
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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