02 Mar
Chapter News

EU Commission supports reform projects in Member States for more jobs and sustainable growth

Today, the Commission approved 226 projects in all 27 Member States that will support their efforts in designing and implementing national reforms to enhance growth. These support actions are delivered in the framework of the Technical Support Instrument (TSI) and will have a total budget of €102.6 million for the year 2021 to promote economic, social and territorial cohesion in the European Union. Commissioner for Cohesion and Reforms, Elisa Ferreira, said: “Reforms are necessary to better the environment for businesses, reinforce...

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02 Mar
Chapter News

Protecting European consumers: Safety Gate efficiently helps take dangerous COVID-19 products off the market

Today, the European Commission published its annual report on the Safety Gate, which is the EU rapid alert system for dangerous consumer products helping to take dangerous non-food products off the market. The report shows that the number of actions taken by authorities following an alert is growing year by year, reaching a new record number of 5,377, compared to 4,477 in 2019. 9% of all alerts raised in 2020 concerned products related to COVID-19, mostly masks meant to protect but failing...

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02 Mar
Chapter News

U.S. FED | Speech: Some Preliminary Financial Stability Lessons from the COVID-19 Shock

Speech by Governor Lael Brainard at the 2021 Annual Washington Conference, Institute of International Bankers (via webcast) | It has now been one year since the devastating effects of the first wave of the COVID-19 pandemic hit our shores, a year marked by heartbreak and hardship.1 We look forward to a brighter time ahead, when vaccinations are widespread, the recovery is broad based and inclusive, and the economy fully springs back to life. But we should not miss the opportunity to...

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02 Mar
Chapter News

The Haves and Have-nots Of the Digital Age

Accelerated by the pandemic, the digital future is coming at us faster than ever before, and maybe faster than we can imagine. In this issue, we explore the possible consequences—the good, the bad, and the gray. For millions, technology has been a lifeline, changing the way we work, learn, shop, and entertain ourselves. In a year like no other, it has spurred game-changing digital shifts. Governments moved quickly, using mobile solutions to provide cash assistance; financial technology has helped the...

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01 Mar
Member News

Portolano Cavallo | Telemedicine: The new national guidelines in Italy

This article is part of Portolano Cavallo’s “INFORM@ Life Sciences” Newsletter. Click here to subscribe. | Healthcare services provided remotely are officially a part of the National Healthcare Service (“NHS”), now that the State-Regions Conference has approved the document entitled “National guidelines for the provision of telemedicine services,” drafted by the Ministry of Health (hereinafter the “Guidelines”). Henceforth, the Guidelines shall serve as the national reference for provision of telemedicine services, with this updated version replacing the previous guidelines of 2014. Italian regions...

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01 Mar
Member News

BBGFX | March 2021 FX Outlook

The investment climate is changing.  The reflation trade has gained traction.  Bond yields rose sharply, and curves steepened.  The dollar value of the negative-yielding bonds in the world fell from a peak last December of around $18.4 trillion to $12.6 trillion, the least since last July. Commodity prices continue to move higher.  The CRB Index rose nearly 9.5% in February and brings the gain to almost 32% since the end of October.  Equities rallied strongly in the first half of...

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01 Mar
Member News

Jaguar Freight | Have the Major Supply Chain Events of the Past Year Become Normalized?

It’s cliche, but we have to ask. Is this the new normal? In this week’s global freight updates, we’ve got hidden post-Brexit costs, shippers on the prowl for boxes, the current state of ocean freight – in pictures, CMA CGM branching out, and plunging air cargo rates. According to The Loadstar, EU consumers are starting to become “more reluctant to order UK brands due to longer transit times and additional costs linked to duty and VAT.” Despite attempts to avoid disruptions, the uncertainty...

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01 Mar
Chapter News

New EU energy labels applicable from 1 March 2021

To help EU consumers cut their energy bills and carbon footprint, a brand new version of the widely-recognised EU energy label will be applicable in all shops and online retailers from Monday, 1 March 2021. The new labels will initially apply to four product categories – fridges and freezers, dishwashers, washing machines, and television sets (and other external monitors). New labels for light bulbs and lamps with fixed light sources will follow on 1 September, and other products will...

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01 Mar
Chapter News, COVID-19 News

ECB | Speech: Macroprudential policy after the COVID-19 pandemic

Panel contribution by Luis de Guindos, Vice-President of the ECB, at the Banque de France / Sciences Po Financial Stability Review Conference 2021 “Is macroprudential policy resilient to the pandemic?” | Introduction It is a great pleasure to be here this afternoon and share some thoughts on the future of macroprudential policy in the euro area after the coronavirus (COVID-19) pandemic. About one year ago, the euro area was hit by a major unexpected shock: the COVID-19 pandemic. While this health and...

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01 Mar
Chapter News

ECB | Speech: The coronavirus crisis and SMEs

Speech by Christine Lagarde, President of the ECB, at the “Jahresimpuls Mittelstand 2021” of Bundesverband Mittelständische Wirtschaft | Frankfurt am Main, 1 March 2021 | It is a great pleasure to have the opportunity to speak to you today. At the ECB we care deeply about connecting with small and medium-sized enterprises (SMEs), since they are the foundation of the European economy. SMEs make up 99.8% of all non-financial companies in the EU, provide 66.6% of jobs and generate 56.4% of added value. It...

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