Member News

EIB | Europe launches €80 billion investment alliance to scale up tech leaders

The EIB Group, together with EU27 governments and private institutional investors, launch second phase of the European Tech Champions Initiative. Building on the success of the first phase, the initiative will create a pan-European investment platform to turn EU tech pioneers into global leaders. AltamarCAM, Azimut Holding, Banco Santander, BBVA, Compagnia di San Paolo, Danske Bank, Green Arrow Capital among the institutional investors committing to support. ETCI 2.0 will be four times bigger in size than predecessor, tripling...

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McCann Fitzgerald | Security – A Priority of Ireland’s EU Council Presidency

As Ireland assumes the Presidency of the European Council for the eighth time, ‘security’ features as one of three pillars around which the Irish Presidency's priorities are organized, alongside competitiveness and values.  The Irish Presidency's success will ultimately be measured by its ability to advance the Union's key priorities, including managing and advancing the EU’s security agenda. While some commentators have questioned Ireland’s credibility to lead on security pointing to, for example, its comparatively low spend on defence, its defence...

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Troutman Pepper Locke | No More Free Ride: Navigating CBP’s New International Mail Entry Process

Key Points Effective July 24, 2026, CBP suspended the de minimis exemption under 19 U.S.C. Section 1321(a)(2)(C) for international mail shipments valued at $800 or less, replacing it with a formal postal entry process under 19 C.F.R. Part 145. Eligible filers — limited to owners, purchasers, or licensed customs brokers — must submit a monthly IMDW spreadsheet with 10-digit HTSUS classifications, pay duties via ACH debit by the 7th of the following month, and maintain a continuous customs bond in ACE...

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Pirelli | Safety First, How Tyre Pressure Changes With Heat

There are still way too many motorists who ignore the fact that correct tyre pressure is important both in cold weather and in hot weather, since temperature is the direct cause of the variations in the pressure itself. That's why controlling it when the seasons change is as important as covering up for winter or losing a few layers for summer. In general, in winter the tyre pressure decreases, while in spring and summer it increases compared to previous months. The...

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Chapter News, News

IMF | The Oil Market Absorbed the War Shock, but Buffers Are Running Low

IMF Blog post | Less demand, more production, and inventory drawdowns prevented a larger price spike. A quick supply recovery is essential to avoid further damage to the global economy   The largest disruption to the global oil market in decades should have sent prices soaring. But after spiking at the start of the war in the Middle East, crude prices soon settled in a range of $90 to $100 per barrel, much lower than many had feared. Why didn’t prices...

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ECB | How Banks Have Adjusted Their Lending in Response to Trade Tensions

Blog post | Changes in global trade policies and heightened trade tensions pose a challenge for euro area firms, particularly those operating internationally. For banks, these developments increase credit risk: the firms affected can face volatile demand, supply disruptions and squeezed margins, and may find it harder to service their debts. This post looks at how euro area banks have responded to rising trade tensions since 2025, drawing on granular analyses of loan portfolios from AnaCredit and survey data from the euro...

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Wilson Sonsini | EU Commission Publishes AI Transparency Code of Practice

On June 10, 2026, the European Commission published a Code of Practice on marking and labeling of AI-generated content (the Code) following a public consultation that took place last year. The Code is divided into two sections: Section 1 sets out provenance requirements applicable to providers offering generative AI systems. Section 2 sets out transparency rules for AI-generated content applicable to deployers of AI tools, such as requirements to visibly label deepfakes and AI-generated text on matters of public interest. Background The European Union’s...

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PwC | European Commission Publishes Tax Omnibus Proposal – Key Potential Impacts for the Financial Sector

What happened?  The European Commission has published a Tax Omnibus proposal that would amend six EU direct tax directives: the Interest and Royalties Directive (2003/49/EC), the Merger Directive (2009/133/EC), the Parent-Subsidiary Directive (2011/96/EU), the Anti-Tax Avoidance Directive (ATAD) (2016/1164), the Dispute Resolution Mechanisms Directive (2017/1852), and the FASTER Directive (2025/50). The package is intended to simplify the EU direct tax framework, reduce compliance burdens, improve legal certainty, and support EU competitiveness. For more details about the Tax Omnibus, please read our...

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Littler | New York City Releases Final Rule Interpreting Amendments to the NYC Earned Safe and Sick Time Act

On June 23, 2026, the New York City Department of Consumer and Worker Protection (DCWP) quietly adopted its final rule regulating the amended NYC Earned Safe and Sick Time Act, or “ESSTA” (also called in NYC written guidance the “New York City Protected Time Off Law”). The final rule largely leaves intact the regulatory scheme set forth in the proposed rule issued on January 22, 2026, but clarifies certain issues raised by commenters and adds additional requirements. The final rule takes...

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Chapter News, News

IMF | Financial Market Reforms Could Lift Europe’s Growth

IMF Blog post | Integrating and deepening banking and venture capital markets would boost output by at least 3 percent, and make business dynamism reforms more powerful French startup Mistral AI’s recent financing round was led by ASML, a Dutch maker of semiconductor manufacturing equipment. Such cross-border investments—even when small relative to US deals—are not the norm in Europe. Far more often, good projects fail to scale. Among the reasons: Europe’s considerable savings are compartmentalized within national borders, and hard...

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