11 Aug
Chapter News, COVID-19 News

Coronavirus: 23 new research projects to receive €128 million in EU funding

The Commission will support 23 new research projects with €128 million in response to the continuing coronavirus pandemic. The funding under Horizon 2020, the EU's research and innovation programme, is part of the Commission's €1.4 billion pledge to the Coronavirus Global Response initiative, launched by President Ursula von der Leyen in May 2020. The 23 projects shortlisted for funding involve 347 research teams from 40 countries, including 34 participants from 16 countries outside of the EU. The funding will enable researchers to...

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10 Aug
Brexit News, Chapter News

EU Commission: Getting ready for the end of the Brexit transition period

The Brexit transition ends December 31, 2020. In 5 months, the UK leaves Single Market and Customs Union. Changes are inevitable, with or without agreement on the new partnership. Companies and citizens must get ready. Even if the European Union and the United Kingdom conclude a highly ambitious partnership covering all areas agreed in the Political Declaration by the end of 2020, the United Kingdom’s withdrawal from the EU acquis, the internal market and the Customs Union, at the...

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10 Aug
Member News

Faegre Drinker | New Executive Order Requires Federal Agencies to Ensure That Contractors Do Not Use Foreign Labor to Displace American Workers

On August 3, 2020, President Donald Trump signed an executive order and released a related fact sheet in furtherance of the White House’s continued efforts to ensure that federal agencies focus on using United States labor in their federal contracts. This new executive order, which is arguably in furtherance of the previous Buy American Hire American executive orders, requires federal agencies to review their contracts and subcontracts from fiscal years 2018 and 2019 to assess whether their contractors used temporary foreign labor to perform the...

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10 Aug
Member News

Littler | With COVID-19 Resurgent, Employers Confront Privacy and Information Security Issues When Testing Employees for COVID-19

With the resurgence of COVID-19 infections across the United States, employers are facing growing pressure to ascertain whether their employees have contracted the virus. Temperature checks and symptoms screening, while helpful, will not identify employees who are asymptomatic and potentially contagious. This gap is critical because studies show that up to 45% of people infected with the virus do not show any symptoms.1 As a result, COVID-19 testing can be essential to remaining operational or reopening after a workplace outbreak. The Equal Employment...

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07 Aug
Chapter News

Lifting of travel restrictions: EU Council reviews the list of third countries

Following a review under the recommendation on the gradual lifting of the temporary restrictions on non-essential travel into the EU, the Council updated the list of countries for which travel restrictions should be lifted. As stipulated in the Council recommendation, this list will continue to be reviewed regularly and, as the case may be, updated. Based on the criteria and conditions set out in the recommendation, as from 8 August member states should gradually lift the travel restrictions at the external...

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07 Aug
Member News

Vulcan Insight | European Commission seeks ways to give Parliament tax voting rights

What has long been one of the last “sovereign” bastions of Council decision making, EU tax policy may soon be subject to the EU’s “ordinary legislative procedure” – something long called for by Parliamentarians. When the Commission adopted its Action Plan on fighting tax evasion and making tax simple and easy, the proposals were mainly overshadowed by the European Court of Justice’s landmark Apple ruling. In just a few words of a side paragraph, however, the Commission proposed one of the...

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06 Aug
Member News

aicep Portugal | EU approves creation of new development bank of Portugal

The European Union approved under EU rules for state aid Portugal's plans to create a new national development bank to promote the growth of the Portuguese economy. The European Commission on Tuesday said that it had approved the creation of the new Banco Português de Fomento (BPF), which was decided by Portugal’s government in June. According to a statement from the European Union executive, it approved under EU rules for state aid Portugal’s plans to create a new national development bank...

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06 Aug
Chapter News

IMF | COVID-19 Response in Emerging Market Economies: Conventional Policies and Beyond

The economic impact of the COVID-19 pandemic on emerging market economies far exceeded that of the global financial crisis. Unlike previous crises, the response has been decisive just like in advanced economies. Yet, conventional policies are reaching their limit and unorthodox policies are not without risks. A pandemic still unfolding COVID-19 is still to play out fully in the emerging market universe (see chart for country list), posing risks to both people and economies. While countries such as China, Uruguay, and Vietnam...

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06 Aug
Member News, New York Related News

Troutman Pepper | Federal Court Decision Changes How Employers Must Implement Families First Coronavirus Response Act

On August 3, 2020, the U.S. District Court for the Southern District of New York struck down four parts of the regulations issued by the U.S. Department of Labor (DOL) implementing the Families First Coronavirus Response Act (FFCRA). As a result of the decision: An employee may be eligible for FFCRA leave even if the employer has no work for the employee or the employee is furloughed; More employees at healthcare institutions will be eligible for FFCRA leave; Employees may take intermittent FFCRA...

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05 Aug
Chapter News, COVID-19 News

US Economic Stimulus: What impact will it have on U.S. household income?

In the wake of the Covid-19 crisis, the US authorities adopted an unprecedented set of fiscal measures, targeting households in particular. These measures aim at preserving the purchasing power of US households, but less than half of this additional income should be spent. Chart 1. Compared fiscal policy responses 2020/2008, Source: Congressional Budget Office (CBO). Image courtesy of La Banque de France. The Covid-19 crisis has led to a sharp deterioration in the US labour market The coronavirus crisis has sent an...

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