01 Jul
Chapter News

“Together for Europe’s recovery”: Germany takes over Council presidency

While the corona pandemic continues, Germany took over the six-month presidency of the Council of the EU on 1 July. We asked German MEPs for their expectations. The coronavirus represents a significant challenge for the EU and immediate management of the pandemic and recovery are at the heart of the German programme for the presidency. The aim is to reach a swift agreement on the recovery fund and the EU's budget 2021-2027. Germany intends to make progress on climate protection, through the European Green Deal, and...

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01 Jul
Chapter News

Commission presents European Skills Agenda for sustainable competitiveness, social fairness and resilience

Today the Commission presents the European Skills Agenda for sustainable competitiveness, social fairness and resilience. It sets ambitious, quantitative objectives for upskilling (improving existing skills) and reskilling (training in new skills) to be achieved within the next 5 years. Its 12 actions focus on skills for jobs by partnering up with Member States, companies and social partners to work together for change, by empowering people to embark on lifelong learning, and by using the EU budget as a catalyst...

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01 Jul
Chapter News

Commission launches Youth Employment Support: a bridge to jobs for the next generation

Today the European Commission is taking action to give young people all possible opportunities to develop their full potential to shape the future of the EU, and thrive in the green and digital transitions. The coronavirus pandemic has emphasised the often difficult start many young people face in the labour market. We need to act fast. Now is the time to direct our attention towards the next generation. The Commission is using this opportunity to ingrain the green and digital...

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01 Jul
New York Related News

New York Fed Announces Primary Market Corporate Credit Facility Launches on June 29

The Federal Reserve Bank of New York today announced that the Primary Market Corporate Credit Facility (PMCCF) is operational and available for use beginning June 29. The New York Fed also released the relevant certification forms, other transaction documentation and related materials, and additional Frequently Asked Questions regarding access to this facility. The PMCCF provides a funding backstop for corporate debt to eligible issuers and is available to (i) purchase qualifying bonds as the sole investor in a bond issuance and (ii)...

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30 Jun
Member News, Trade & TTIP Related

GTlaw: U.S. May Impose Additional Tariffs on EU Products

On June 26, 2020, the Office of the U.S. Trade Representative announced that it is considering modifying the list of European Union products subject to additional tariffs upon importation into the United States and increasing the tariff rate up to 100 percent. The USTR is accepting comments whether specific products should be either added to or deleted from the lists and whether the rate on specific products should be increased. Comments are due by July 26, 2020. The current rate...

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30 Jun
Member News

BBGFX: When Primary is Secondary

Overview: The gains in US equities yesterday carried into Asia Pacific trading today, but the European investors did not get the memo. The Dow Jones Stoxx 600 is succumbing to selling pressure and giving back yesterday's gain. Energy and financials are the biggest drags, while real estate and information technology sectors are firm.  All the markets had rallied in the Asia Pacific region, with the Nikkei and Australian equities leading with around 1.3% gains.  US shares are trading lower.  Bond...

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30 Jun
Chapter News

EU consumers obtain access to collective redress

Consumers across the EU are about to be granted broader opportunities for the collective defence of their rights. Member states’ ambassadors today approved a deal concluded between the Croatian presidency of the Council and the European Parliament on a draft directive on representative actions for the protection of the collective interests of consumers. The single market is not there solely to provide enhanced business opportunities to traders. It is also meant to provide consumers across the EU with added value...

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30 Jun
Chapter News

Evaluation of the effects of too-big-to-fail reforms: consultation report

This report, for public consultation, provides an evaluation of too-big-to-fail (TBTF) reforms for systemically important banks. These reforms were endorsed by the G20 in the aftermath of the 2008 global financial crisis and have been implemented in FSB jurisdictions over the past decade. The evaluation examines the extent to which the reforms are reducing the systemic and moral hazard risks associated with systemically important banks, as well as their broader effects on the financial system. The reforms being evaluated include:...

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29 Jun
Member News, Trade & TTIP Related

GDLSK: Section 301 tariffs on certain EU products

Between June 26- July 26, 2020, the US Special Trade Representative is accepting comments regarding the imposition of Sec. 301 tariffs on certain EU products. The products are segregated into 3 categories: Products currently subject to the Sec. 301 tariffs (at 10% and 25%); Products that were previously considered for inclusion but not previously  subject to the Sec. 301 tariffs; New products. Consider submitting comments if any product is potentially exposed to 301 duties under this new initiative. Federal Register Notice...

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29 Jun
Chapter News

President von der Leyen in the ‘Global Goal: Unite for our Future’ Summit

President Ursula von der Leyen announced a new pledge of €4.9 billion by Team Europe, with the European Investment Bank, for universal access to coronavirus vaccines, tests and treatments. Read the transcript of her first statements during the ‘Global Goal: Unite for our Future' Summit. The event is ongoing and can be watched here. On the world's roadmap for ending this pandemic and the needs for investments We will only end this pandemic when it has been ended everywhere. That means every person in the...

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