Chapter News

Banking Package 2021: new EU rules to strengthen banks’ resilience and better prepare for the future

The European Commission has today adopted a review of EU banking rules (the Capital Requirements Regulation and the Capital Requirements Directive). These new rules will ensure that EU banks become more resilient to potential future economic shocks, while contributing to Europe's recovery from the COVID-19 pandemic and the transition to climate neutrality. Today's package finalises the implementation of the Basel III agreement in the EU. This agreement was reached by the EU and its G20 partners in the Basel Committee...

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Chapter News

State of the Energy Union 2021: Renewables overtake fossil fuels as the EU’s main power source

The Commission adopted today its State of the Energy Union Reports for 2021, taking stock of the progress that the EU is making in delivering the clean energy transition, nearly two years after the launch of the European Green Deal. While there are a number of encouraging trends, greater efforts will be required to reach the 2030 goal of cutting net emissions by at least 55% and achieving climate neutrality by 2050, and the data will need to be analysed...

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Chapter News

IMF | Joint Action Needed to Secure the Recovery

G20 should lead in sharing vaccine doses, helping developing countries financially, and committing to reaching net-zero carbon emissions by mid-century. When G20 leaders gather in Rome this weekend, they can take inspiration from the bold design of the meeting venue, known as La Nuvola. Just as the architect created a striking new space, global leaders must take bold action now to end the pandemic and create space for a more sustainable and inclusive economy. The good news is that the foundations for recovery remain strong,...

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Member News

Ogletree Deakins | IRS Lifts Barriers to Help Address Labor Shortage Due to COVID-19

As employers across the country are facing critical labor shortages, the Internal Revenue Service (IRS) has stepped in, attempting to help by removing barriers that may have previously stopped employers from rehiring retirees and dissuaded many workers from continuing to work after reaching retirement age. The IRS recently provided guidance in the form of answers to two new frequently asked questions (FAQs) on its website to alleviate two common concerns relating to the payment of retirement benefits to employees who are still...

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Member News

ACG Resources | Recovering from a Bad Hire

A bad hire can be a costly, frustrating, and time-consuming mistake. The US Department of Labor has estimated that the cost of a single bad hire equals up to 30% of the employee’s first-year salary. The time and money spent to find, hire, and train these bad hires will all be for naught, and what’s worse is that you will still be on the hook to repeat the process when you inevitably must replace the employee who didn’t work...

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Member News

PSNGR1 Receives Business Travel News (BTN Group) 2021 People’s Choice Award

We are delighted to announce that PSNGR1 won the Business Travel Innovator 2021 People's Choice Award at the BTN (Business Travel News) Group 8th Annual Innovate Faceoff on October 22. PSNGR1 is an end-to-end corporate travel platform that provides preferred content, a layer of smart policies/administration, and the convenience of booking everything in one place. No financial commitments. No subscriptions. No booking fees. Just savings of up to 35%. Content Preferred discounts from air, hotel and car suppliers to drive savings! Convenience Employees can book...

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Member News

EXEO Attorneys | Immigration U.S. & Canada as of October 22, 2021

This month’s newsletter provides an overview of recent changes in Canadian and American immigration including all measures directly related to the COVID-19 pandemic. Here are the most recent news since the beginning of the pandemic and travel restrictions as of October 22, 2021 The U.S. land border will be open to fully vaccinated Canadian travellers starting on November 8 Vaccinated Canadians will be able to travel to the U.S. by land or ferry starting on November 8, 2021 for non-essential purposes (tourism, family travel,...

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Member News

Jaguar Freight | COVID-19 Strikes Again

From air cargo delays in Hong Kong, to the queue of ships outside key American gateways, to the unrealistic push to 24/7 operations at LA-LB ports, to impending UK border controls, to a new decarbonization initiative, it’s time for the latest edition of The Weekly Roar. It’s the same story… just a different key international shipping gateway. Given a recent COVID-19 outbreak at the Hong Kong International Airport, some industry insiders are predicting transit times to increase by 2-3 days...

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Chapter News

IMF | Needed – A Global Approach to Data in the Digital Age

Global principles on data policy can help level the playing field while addressing financial stability and inclusion, competition, and privacy. Companies around the world are engaged in a digital data gold rush, panning the digital economy for our personal data, sifting flecks of it in online pools and streams of our preferences, choices, and locations. Data is the ultimate portable good, but moving it across borders requires countries to have coherent policies that build trust. Without global principles for managing...

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Chapter News

IMF | Longer Delivery Times Reflect Supply Chain Disruptions

Supply chain disruptions have become a major challenge for the global economy since the start of the pandemic. Shutdowns of factories in China in early 2020, lockdowns in several countries across the world, labor shortages, robust demand for tradable goods, disruptions to logistics networks, and capacity constraints have resulted in big increases in freight costs and delivery times. Our chart of the week shows suppliers’ delivery times in the United States and the European Union have hit record highs since late...

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