21
Jul
Read the letter from Mr Panetta to the European Data Protection Board on the privacy and data protection aspects of a possible digital euro here !
Compliments of the European Central Bank.
![European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources](https://eaccny.com/wp-content/uploads/2020/06/eaccny-logo.png){kind=logo}
21
Jul
The European Commission has today presented an ambitious package of legislative proposals to strengthen the EU's anti-money laundering and countering terrorism financing (AML/CFT) rules. The package also includes the proposal for the creation of a new EU authority to fight money laundering. This package is part of the Commission's commitment to protect EU citizens and the EU's financial system from money laundering and terrorist financing. The aim of this package is to improve the detection of suspicious transactions and...
21
Jul
On July 14, 2021, the Federal Trade Commission (“FTC”) published in the Federal Register (86 Fed. Reg. 37022-35) its final rule for “Made in USA” and other unqualified U.S.-origin claims (“unqualified U.S.-origin claims”) on product labels. The final rule is effective on August 13, 2021.
The final rule codifies a longstanding FTC policy and practice that a product or service with an unqualified U.S.-origin claim, whether express or implied, on its label cannot contain more than a de minimis amount of foreign origin. The final rule...
21
Jul
What Is An NFT? How Do NFTs Work?
Binance, the largest cryptocurrency exchange in the world, advertised that it would release its own Non-Fungible Token (NFT) market on June 24, following the steps of other major players in the industry, such as Gemini.
Like cryptocurrencies, NFTs are digital assets that register an immutable transaction on a blockchain. The majority of NFTs are currently operated on the Ethereum open-source, decentralized platform.
However, unlike a cryptocurrency such as Bitcoin, an NFT is unique and...
21
Jul
In an ever-growing global economy, international mobility of employees had become a routine and everyday occurrence. This has resulted in many challenges around tracking internationally mobile employees, meeting compliance obligations in each country and understanding the impact of international mobility on the business.
With the outbreak of the COVID-19 virus and a global pandemic, the business impact entered a whole new dimension. New considerations sprang forth from the emergence of new legislation and regulations which impacted data protection and tax...
20
Jul
Earlier this year, the European Union legally committed itself to reducing its carbon emissions by 55%, compared to 1990, by 2030 and become carbon neutral by 2050. The Commission’s new “Fit for 55” package has now proposed far-reaching legislation to radically transform Europe’s transport system.
Among the many initiatives put forward by the European Commission, its proposed phasing out of the internal combustion engine by 2035 is surely Commission President von der Leyen’s landmark proposal. While not legally banning combustion engines themselves, its proposal...
20
Jul
ACG Resources is dedicated to providing your business with highly skilled professionals well-matched to your unique hiring needs for both on-site or remote work and short- or long-term assignments.
Whether you’re looking to staff professionals in areas such as accounting and finance, technology, administrative, customer service, legal, HR, creative, and marketing, or any other departments, we can help you find the right fit for your team.
Contract/Temporary Staffing
Contract staffing, also known as temporary staffing, is when a company engages a staffing agency...
20
Jul
The European Commission kick-starts today two new Industrial Alliances: the Alliance for Processors and Semiconductor technologies, and the European Alliance for Industrial Data, Edge and Cloud.
The two new alliances will advance the next generation of microchips and industrial cloud/edge computing technologies and provide the EU with the capabilities needed to strengthen its critical digital infrastructures, products and services. The alliances will bring together businesses, Member State representatives, academia, users, as well as research and technology organisations.
Margrethe Vestager, Executive Vice-President for...
20
Jul
Hiring the right person is and always has been difficult. Between figuring out where to find talent, how to attract the right candidates to your business, and ultimately convincing a candidate to come work with you, recruiting is a highly involved and difficult process. According to Abe Eshkenazi, CEO of the Association for Supply Chain Management, “There was a talent gap before the pandemic; so it wasn’t like this occurred because of COVID-19.”
Enter COVID and the talent gap is...
20
Jul
One of the positive surprises about last year’s recession is how little damage it inflicted on average household and corporate balance sheets in Europe.
In the past, deep recessions were followed by protracted weakness as they left households and businesses with significantly higher debt and lower income and capital. So far this has not been the case with the COVID-19 crisis, largely thanks to the extraordinary policy response by governments and central banks.
As the recovery takes hold, however, policy makers...