Chapter News

IMF | Debt is Higher and Rising Faster in 80 Percent of Global Economy

Fiscal Policy under mounting uncertainty means government budgets need resilience—particularly in countries whose economic weight makes them influence global trends Blog post by Era Dabla-Norris, Davide Furceri | Global public debt could increase to 100 percent of global gross domestic product by the end of the decade if current trends continue, according to projections in our latest Fiscal Monitor. The rising ratio of public debt to GDP reflects renewed economic pressures as well as the consequences of pandemic-related fiscal support, according to...

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Member News

Eversheds Sutherland | Global AI Regulatory Update – May 2025

Welcome to our quarterly Global AI Regulatory Update brought to you by our Knowledge team, summarizing key developments from around the world. In this edition of our global AI bulletin, we will be looking at: Global – Report published on AI governance in central banks. Asia – Hong Kong: Report highlights responsible AI adoption in finance; Privacy Commissioner publishes generative AI use checklist. Europe – Commission updates guidelines for responsible AI use in research; Report published on AI privacy risks and large language...

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Member News

Noerr | EU merger control in a changing world: European Commission initiates broad and ambitious review of Merger Guidelines

Background After more than 20 years, the time has come for a thorough review of how to interpret and apply EU merger control law. On 8 May 2025, the European Commission launched a public consultation on the revision of the guidelines for applying the EU Merger Regulation to mergers and acquisitions involving competitors (2004 Horizontal Merger Guidelines) and involving companies which are not direct competitors (2008 Non-Horizontal Merger Guidelines) (collectively known as the “Merger Guidelines”). The Merger Guidelines are not legal provisions. However,...

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Member News

Tradewind Finance Turns 25

Tradewind Finance, an international trade finance provider, is excited to be celebrating its 25th anniversary this year. This milestone commemorates twenty-five years of serving exporters, importers, manufacturers and more with innovative liquidity solutions to grow and succeed. Tradewind was founded in 2000 in Germany with the mission to help suppliers bridge cash flow and equip them with the tools to trade securely.  It first began delivering receivables-based financing to textile suppliers in Turkey selling to European importers. Like today, Tradewind replenished...

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Chapter News

European Commission | EU Member States endorse €150 billion SAFE defence loan instrument to boost European defence capabilities

The European Commission welcomes today's agreement in the Council of the EU on the Security for Action for Europe (SAFE) Instrument. As proposed in the ReArm Europe Plan / Readiness 2030, the Commission will raise up to €150 billion on the capital markets, providing financial levers to EU Member States to ramp up the investments in key defence areas like air missile defence, drones, or strategic enablers. Ursula von der Leyen, President of the European Commission said: “Exceptional times require exceptional measures. I welcome today's...

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Chapter News

Council of the EU | Simplifying EU’s carbon border adjustment mechanism: Council agrees negotiating position

The Council adopted today its negotiating position (general approach) on one of the proposals of the so-called ‘Omnibus I’ legislative package, which simplifies and strengthens the EU’s carbon border adjustment mechanism (CBAM). The proposal seeks to provide simplification and cost-efficient compliance improvements to the CBAM regulation, without compromising its climate goals, as about 99% of embedded emissions in the imported CBAM goods would remain covered. The overall aim is to reduce the regulatory and administrative burden, as well as compliance...

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Chapter News

OECD | Surging excess capacity threatens steel market stability, employment, and decarbonisation plans

Countries must urgently address policies that are driving the continued expansion of steel excess capacity to prevent further erosion of market stability and fair competition in the steel industry, according to a new OECD report. The OECD Steel Outlook 2025 shows that excess capacity is projected to rise to 721 million metric tonnes (mmt) by 2027, exceeding by around 290 mmt the combined steel production of OECD countries in 2024. This surge is being driven by continued capacity expansion, despite weak growth...

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Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | New Guidance for Canadian Businesses on Tariff Remission Eligibility and Support Programs

Written By Jessica Horwitz, Sabrina A. Bandali, Alison FitzGerald, and George Reid, Partners at Bennett Jones, assisted by Rajat Beniwal This blog was published on May 22, 2025 and is accurate as of that date. The tariff landscape is evolving quickly. Please contact one of the authors or a member of the Bennett Jones International Trade and Investment group for the most up-to-date guidance on US tariffs and Canadian surtaxes. It has been a tumultuous spring for businesses involved in trade between Canada...

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Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – LA/ LB and the 90-day tariff pause, growing European port congestion, reinstatement of reciprocal tariffs, air cargo demand between China and US, and potential security vulnerabilities introduced with AI.

Despite fears of a tsunami of containers hitting the Port of Los Angeles, its executive director is downplaying them. Admitting to a likely increase during the temporary 90-day pause in U.S.-China tariffs, he anticipates volumes will remain below the pandemic peak, partly because elevated freight rates could keep importers cautious. April saw a 9.5% year-over-year rise in throughput, but early May imports dropped 30% due to tariff uncertainties. Additionally, he expects a brief period of 70–80% of normal volume during the...

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Member News

Citi | Invest USA: The Reshaping of Global Capital Flows

This Citi GPS report focuses on Foreign Direct Investment (FDI) into the U.S. and how the rapidly shifting dynamics of global capital movements might affect it. Whereas most other regions saw declines in 2024 vs 2023, the U.S. enjoyed a double-digit growth of 13%, while also recording the highest growth in greenfield projects. It is also worth noting that while the U.S. was the largest recipient country of the global FDI inflows, it was also the biggest giver by far...

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