10 Jul
Chapter News

OECD job markets remain resilient but population ageing will cause significant labour shortages and fiscal pressures

Job markets remain resilient, with labour force participation reaching record highs in many OECD countries and unemployment at historically low levels. However, there are signs of a slowdown as geopolitical and trade policy uncertainties dampen economic activity, according to a new OECD report. The OECD Employment Outlook 2025 reports that OECD-wide employment, which reached 668 million in May 2025 – up by about 26% since 2001 – is expected to grow by around 1.1% in 2025 and 0.7% in 2026. Having been...

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10 Jul
Chapter News, New York Related News

NY Fed | Short-Term Inflation Expectations Tick Down, Household Financial Expectations Improve

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the June 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations ticked down at the short-term horizon and remained unchanged at the medium- and longer-term horizons. Unemployment and job loss expectations improved. Spending growth expectations slightly declined, while household income growth expectations increased. Households were more optimistic about their year-ahead financial situations and credit access. The survey was fielded from June 2 through June...

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10 Jul
Member News

Wilson Sonsini | The One Big Beautiful Bill: Tax Provisions in Final Legislation Impacting Domestic and Multinational Businesses

Important Changes for Technology and Life Sciences Industries On July 4, 2025, President Trump signed H.R. 1, commonly known as the “One Big Beautiful Bill Act” (OBBB), into law.1 OBBB was initially approved by the House of Representatives on May 22, 2025 (the House Bill),2 followed by proposed changes that were released by the Senate Finance Committee on June 16, 2025 (the SFC Bill) and passed by the full Senate on July 1, 2025. OBBB permanently extends many of the tax provisions...

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08 Jul
Chapter News, TRIA News

TRIA | Transatlantic Efforts to Close the Investment Gap in Middle- and Low-income Countries (2nd Operational Meeting)

The 2nd operational meeting of the Transatlantic Resilient Infrastructure Alliance (TRIA) was held in Seville, Spain on July 1st, 2025. It took place in the context of the International Business Forum at the UN's 4th Financing for Development Conference. TRIA is a joint initiative between the European Investment Bank (EIB) and the European American Chamber of Commerce New York (EACCNY), that aims to unite key actors to support the financing of infrastructure investments in low- and middle-income countries. With only...

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08 Jul
Member News

Noerr | EU Commission Proposes EU Space Act

On June 25, 2025, the European Commission introduced a proposal for an "EU Space Act." This comprehensive proposal spans over 100 pages and includes several annexes detailing regulations aimed at harmonizing the space sector. The proposal seeks to address the growing economic and political significance of space activities, which can't be sufficiently managed by fragmented national regulations. International law currently only mandates that states must authorize and supervise space activities, a requirement yet to be implemented in Germany. The...

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08 Jul
Chapter News

European Commission | Remarks by Commissioner Dombrovskis at the Eurogroup press conference

Thank you, Paschal. Good evening, everyone. First of all, I would like to congratulate Paschal on his re-election as President of the Eurogroup. Today's outcome shows the strong confidence that euro area finance ministers place in your leadership. I look forward to continuing our close collaboration to address the challenges and seize the opportunities that lie ahead for the euro area. Moving on to other important topics that we discussed today. I would like to thank President Lagarde for presenting the European Central Bank's...

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08 Jul
Chapter News

European Commission | Questions and Answers on Bulgaria’s changeover to the euro

What decision did the Council take today?  The European Commission published its 2025 Convergence Report on 4 June 2025. The report confirmed that Bulgaria has met the criteria to adopt the euro on 1 January 2026. As a result of that assessment, the Commission adopted proposals for a Council Decision on Bulgaria adopting the euro and a Council Regulation to include Bulgaria in the list of countries that have adopted the euro as their national currency. At the end of...

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08 Jul
Member News

Laura Devine Immigration | US Supreme Court Issues Partial Stay on Executive Order Targeting Birthright Citizenship

On January 20, 2025, President Trump signed Executive Order 14160, which seeks to restrict birthright citizenship under the Fourteenth Amendment of the US Constitution. Specifically, the order targets children born on US soil to parents who are neither US citizens nor lawful permanent residents. This would include children of nonimmigrant visa holders living lawfully in the US. Following the issuance of the order, a number of federal lawsuits were filed, resulting in nationwide injunctions that temporarily blocked implementation. The Trump...

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08 Jul
Member News

Anchin | The Big Beautiful Bill Becomes Law: What It Means for Businesses and High-Net-Worth Individuals

On July 4th, President Trump signed in to law H.R. 1 — One Big Beautiful Bill Act (“BBB”) — a sweeping piece of tax legislation that reshapes key areas of the Internal Revenue Code. The BBB extends, modifies, or makes permanent a number of tax provisions originally introduced under the Tax Cuts and Jobs Act (TCJA), while also introducing several new provisions to the Internal Revenue Code. The following outlines some of the most significant changes likely to impact...

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08 Jul
Member News

Littler | New York Legislature Proposes to Expand State Jurisdiction Amid Federal Uncertainty

By Michael Paglialonga, Eli Freedberg, Shannon Meade, and Alex MacDonald Amid growing concerns about the continued absence of a quorum at the National Labor Relations Board (NLRB) and the resulting inability of the NLRB to issue decisions in representation and unfair labor practice cases, the New York State Legislature concluded its session by passing S8034A/A8590, a bill that would significantly expand the state’s authority in labor matters traditionally handled by the NLRB pursuant to the National Labor Relations Act (NLRA)....

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