Commission unveils draft 2028-2034 Multiannual Financial Framework On Wednesday, 16 July, the European Commission announced the EU’s Multiannual Financial Framework (MFF) for 2028-2034. The MMF -the EU’s long-term budget- is planned to amount to €2 trillion, with European Commission President von der Leyen stating, “The next MFF will be the most ambitious ever proposed. It is more strategic, more flexible, more transparent, and we’re investing more transparent, and we’re investing more in our capacity to respond and more in our defence.” Key features...

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• EIB and EIF Boards approve €15.5 billion for transport, housing, education, energy and business investment • EIB strengthening support for water resilience The European Investment Bank Group approved a total of €15.5 billion in new financing to back business growth and corporate innovation, improve transport and energy connectivity, invest in housing and strengthen water resilience. The decisions were made at the July board meetings of the EIB and the European Investment Fund this week. The EIB Board endorsed €14.5 billion in...

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By Julianna L. Hunt, Associate, PANITCH SCHWARZE Denmark has taken a stand against the widespread popularity and growing concerns associated with deepfake technology – technology relying on artificial intelligence (AI) tools to generate images, videos, and audio recordings which, although technically fake, appear convincingly realistic.  Pop culture icons Scarlett Johansson and Tom Cruise, as well as recently deceased Pope Francis, have all fallen victim to bouts of incredibly unsettling and deceiving deepfakes created and subsequently circulated without prior consent or authorization. In light of ongoing AI advancements,...

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As Ireland’s healthcare sector continues to grow, we are pleased to promote five senior lawyers to meet rising client demand. All five new Of Counsel work across our medical law and healthcare practices, serving both public and private clients. Kevin Power, Head of Medical Law, said the appointments reflect the depth and strength of our healthcare team. He commented: “These promotions recognise five outstanding lawyers who each bring sound judgement, practical insight, and deep sectoral experience. In today’s highly dynamic legal and regulatory landscape,...

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As digital transformation accelerates globally, the legal and commercial risks – but also opportunities – for US companies operating or investing in Europe are evolving just as quickly. That's why Osborne Clarke has launched the first edition of our new digital publication WAVE: Emerging Legal Trends in Digitalization. For US companies expanding or doing business internationally, WAVE is a timely reminder that innovation doesn't wait for legal certainty – especially in markets like the EU, where new regulations such as...

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Overview: The dollar has steadied today after yesterday's jump. Asia and Europe do not seem to be as enthusiastic about the dollar as North America seemed to be yesterday. President Trump indicated that sectoral tariffs on semiconductor chips and pharmaceuticals could be announced as early as August 1. He also said that there will be more bilateral deals announced. The greenback is mostly a little softer against the G10 currencies, with the Scandis the notable exception, unable to find much...

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