Member News

Faegre Drinker | FTC Staff Report on ISP Privacy Practices Paves the Way for an FTC Privacy Rulemaking in the New Year

Following up on a mandatory 2019 request for information issued by the Federal Trade Commission (FTC) to the largest Internet Service Providers (ISPs) in the United States, the FTC staff in late October issued a Report titled – A Look at What ISPs Know About You: Examining the Privacy Practices of Six Major Internet Service Providers. Among the agency staff’s general findings on ISP data collection and use practices, the most striking perhaps is the apparent degree of integration among ISPs and...

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Member News

AlixPartners | A fractured world heralds an era of more supply chain disruption

The global economy continues to suffer from dislocations to supply chains, causing shortages and dramatic price spikes across products, industries, and geographies and hampering growth. Fears that these problems could ruin Christmas have fueled runs on turkeys and Christmas pudding in the United Kingdom and led President Biden to broker a plan to run around-the-clock port operations in Los Angeles. The consensus view seems to be that these issues are transitory and will work themselves out in the short to medium...

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Member News, New York Related News

Littler | Back to Basics: New York State Mandates Masks in Indoor Public Places

On December 10, 2021, New York Governor Kathy Hochul announced that face masks must be worn in all indoor public places in New York State, effective December 13, 2021.  This measure was taken in response to a notable surge in COVID-19 cases and hospitalizations statewide, attributable to colder weather, increased holiday activity and the emergence of the more contagious Omicron variant of the COVID-19 virus.  The measure, which is supported by a determination from the commissioner of health, is effective through January 15, 2022,...

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Member News

Pirelli | Five Christmas Road Trip Destinations in Europe

Travelling in winter is an essential pleasure for all fans of road trips. The road runs fast, perhaps snow-lined, through picture-perfect landscapes seen through windows slightly misted up at the edges. Sometimes, in winter, it is as if the cold makes the asphalt more compact and suitable for our tyres, which of course must be of the winter variety suited for the weather, and particularly snow tyres in the mountains. Double the driving pleasure by heading off to destinations that...

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Member News

EIB | Health Solutions: Caught out by a pandemic

Creating the infrastructure to develop quick, new diagnostics was a major achievement of the COVID-19 pandemic. But we need to keep financing innovation to be ready for the next big one. The COVID-19 pandemic sent shockwaves through the medical diagnostics industry. Overnight, the demand exploded for diagnostics, such as tests, personal protective equipment and ventilators. Diagnostics makers tried to pivot operations to meet the overwhelming demand for COVID-19 tests and treatments, but many had difficulty marshalling the financing and manpower...

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Member News

CLA | Is It Advertising or Is It a Sponsorship? Only One Is Subject to UBI Tax

Key insights Advertising and sponsorship acknowledgement can look very similar, but only advertising is subject to unrelated business income tax. Any message or material that promotes or markets any trade, business, service, facility, or product using the key factors defined by the IRS is considered advertising. A payment made by a trade or business where there is no arrangement or expectation of any return benefit is considered a sponsorship. An activity is subject to unrelated business income tax if...

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Chapter News

EU Commission presents guide for a fair transition towards climate neutrality

Today, the EU Commission issues policy guidance for a fair and inclusive transition towards climate neutrality to complement the package on delivering the Green Deal presented in July. The proposed Council Recommendation sets out specific guidance to help Member States devise and implement policy packages that ensure a fair transition towards climate neutrality, by addressing the relevant employment and social aspects linked to the transition in a comprehensive manner. The proposal pays particular attention to addressing the needs of the...

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Chapter News

IMF | The World’s Top Recipients of Foreign Direct Investment

A Japanese automobile manufacturer builds an assembly plant in Mexico. An Italian software company opens a sales office in Kenya to reach the Kenyan market with their services. A large Australian mining company acquires a smaller Angolan one for diversification. All are examples of foreign direct investment where a business decision is made to somehow take a stake or interest in a company by an investor located outside its borders. According to the latest results of our Coordinated Direct Investment Survey , and...

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Chapter News

New transport proposals target greater efficiency and more sustainable travel

To support the transition to cleaner, greener, and smarter mobility, in line with the objectives of the European Green Deal, the Commission today adopted four proposals that will modernise the EU's transport system. By increasing connectivity and shifting more passengers and freight to rail and inland waterways, by supporting the roll-out of charging points, alternative refuelling infrastructure, and new digital technologies, by placing a stronger focus on sustainable urban mobility, and by making it easier to choose different transport options...

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Chapter News

IMF | Global Debt Reaches a Record $226 Trillion

Policymakers must strike the right balance in the face of high debt and rising inflation. In 2020, we observed the largest one-year debt surge since World War II, with global debt rising to $226 trillion as the world was hit by a global health crisis and a deep recession. Debt was already elevated going into the crisis, but now governments must navigate a world of record-high public and private debt levels, new virus mutations, and rising inflation. Global debt rose by...

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