17 Jul
Chapter News

European Commission | Statement by President von der Leyen on EU-U.S. trade

We take note of the letter sent by U.S. President Trump outlining a revised tariff rate and a new timeline. Imposing 30 percent tariffs on EU exports would disrupt essential transatlantic supply chains, to the detriment of businesses, consumers and patients on both sides of the Atlantic. Few economies in the world match the European Union's level of openness and adherence to fair trading practices. The EU has consistently prioritized a negotiated solution with the U.S., reflecting our commitment to dialogue,...

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17 Jul
Chapter News

European Commission | An ambitious budget for a stronger Europe: 2028-2034

Today, the European Commission presented its proposal for an ambitious and dynamic Multiannual Financial Framework (MFF), amounting to almost EUR 2 trillion (or 1.26% of the EU's gross national income on average between 2028 and 2034). This framework will equip Europe with a long-term investment budget matching its ambitions to be an independent, prosperous, secure, and thriving society and economy over the coming decade. Europe faces an increasing number of challenges in numerous areas such as security, defence, competitiveness, migration,...

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17 Jul
Chapter News

ECB publishes third progress report on the digital euro preparation phase

• ECB making progress on digital euro rulebook with feedback from experts, consumers and merchants • Around 70 market participants explore use cases through new innovation platform • ECB continues stakeholder engagement to ensure alignment with market needs and legislative developments The European Central Bank (ECB) has published its third progress report on the preparation phase of a digital euro, which was launched on 1 November 2023 and is laying the foundations for the potential issuance of a digital euro. Since the publication of the second...

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17 Jul
Member News

EIB Group backs more than €15 billion in new investment

• EIB and EIF Boards approve €15.5 billion for transport, housing, education, energy and business investment • EIB strengthening support for water resilience The European Investment Bank Group approved a total of €15.5 billion in new financing to back business growth and corporate innovation, improve transport and energy connectivity, invest in housing and strengthen water resilience. The decisions were made at the July board meetings of the EIB and the European Investment Fund this week. The EIB Board endorsed €14.5 billion in...

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17 Jul
Member News

Panitch Schwarze | Harnessing Copyright Law to Tackle The Growing Threat of Deepfakes

By Julianna L. Hunt, Associate, PANITCH SCHWARZE Denmark has taken a stand against the widespread popularity and growing concerns associated with deepfake technology – technology relying on artificial intelligence (AI) tools to generate images, videos, and audio recordings which, although technically fake, appear convincingly realistic.  Pop culture icons Scarlett Johansson and Tom Cruise, as well as recently deceased Pope Francis, have all fallen victim to bouts of incredibly unsettling and deceiving deepfakes created and subsequently circulated without prior consent or authorization. In light of ongoing AI advancements,...

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17 Jul
Member News

Mason Hayes & Curran | Five New Healthcare Of Counsel

As Ireland’s healthcare sector continues to grow, we are pleased to promote five senior lawyers to meet rising client demand. All five new Of Counsel work across our medical law and healthcare practices, serving both public and private clients. Kevin Power, Head of Medical Law, said the appointments reflect the depth and strength of our healthcare team. He commented: “These promotions recognise five outstanding lawyers who each bring sound judgement, practical insight, and deep sectoral experience. In today’s highly dynamic legal and regulatory landscape,...

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16 Jul
Member News

Osborne Clarke | US Global Compass July Newsletter

As digital transformation accelerates globally, the legal and commercial risks – but also opportunities – for US companies operating or investing in Europe are evolving just as quickly. That's why Osborne Clarke has launched the first edition of our new digital publication WAVE: Emerging Legal Trends in Digitalization. For US companies expanding or doing business internationally, WAVE is a timely reminder that innovation doesn't wait for legal certainty – especially in markets like the EU, where new regulations such as...

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16 Jul
Member News

Bannockburn Capital Markets | USD Steadies after Yesterday’s Surge, but Does it have Legs?

Overview: The dollar has steadied today after yesterday's jump. Asia and Europe do not seem to be as enthusiastic about the dollar as North America seemed to be yesterday. President Trump indicated that sectoral tariffs on semiconductor chips and pharmaceuticals could be announced as early as August 1. He also said that there will be more bilateral deals announced. The greenback is mostly a little softer against the G10 currencies, with the Scandis the notable exception, unable to find much...

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15 Jul
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | When the CHIPs are down: the Case for Semiconductor Corridors

By Ian Hunter, Director, OCO GLOBAL On Saturday, President Trump confirmed a 30 % tariff on most imports from the EU and Mexico, set to begin August 1. While the final product list is still pending, the administration has signaled – most recently on July  8 – that additional, sector-specific tariffs on semiconductors are being considered. Reuters reporting indicates these could exceed 25%, targeting critical inputs like chipmaking tools (Reuters, July 9). While not yet finalized, the prospect alone is creating uncertainty...

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15 Jul
Chapter News

ECB | The digital euro: legal tender in the digital age

Introductory statement by Piero Cipollone, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament Thank you for inviting me to take part in this exchange of views. I would like to talk about why we need the digital euro – and the cost of not pursuing it. My message is simple. The main reason for issuing a digital euro is to preserve the benefits of cash in the digital era....

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