Brexit News, Chapter News

General Affairs Council (Article 50): Main Results

The Council, in EU27 format, was briefed by the EU's chief Brexit negotiator Michel Barnier on the state of play in the Brexit negotiations. The chief negotiator informed the ministers about where the negotiations stand regarding: the work to finalise the withdrawal agreement, including the backstop solution for the border between Ireland and Northern Ireland the discussions on future EU-UK relations. We will only have a withdrawal agreement if the legal text is agreed on all issues. This includes the backstop for Northern Ireland. In...

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Member News, New York Related News

New NYC Sick Leave Law Expands Usage for Persons ‘Equivalent of Family’ and Safe Leave

By Eric B. Sigda| Kristine J. Feher| Danielle E. Gonnella| The New York City Department of Consumer Affairs has issued a revised Notice of Employee Rights under the Earned Safe and Sick Time Act (ESSTA), formerly the Earned Sick Time Act (ESTA), codified at § 20-911 et seq. Effective May 5, 2018, ESSTA now permits employees to use sick and safe time to address safety issues and access critical services related to specific criminal offenses. The ESSTA expands the definition of “family member” with...

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Member News

The first casualties of the trade war are Trump supporters

By Sam Natapoff,  President of Empire Global Ventures LLC (EGV) The coming red state ruination is no accident; our partners are making a point, economic aggression affects us all. For President Trump, all questions have simple answers: U.S. “immigration laws are the weakest and worst anywhere in the world”, the Mueller investigation is a “rigged witch hunt”, and “trade wars are good, and easy to win”. While many of Trump’s presidential actions will have negative consequences over time, for his burgeoning...

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Chapter News

Statement by the IMF’s Managing Director on the G20 Finance Ministers and Central Bank Governors meeting in Argentina

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of the Group of 20 (G20) Finance Ministers and Central Bank Governors Meeting in Buenos Aires, Argentina:   “The G20 meeting of Finance Ministers and Central Bank Governors took place against the backdrop of continued strong but more uneven global growth. Indeed, the world economy is facing increasing risks, especially in the short term, from rising trade tensions, financial pressures in vulnerable...

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Member News

IIE Releases Intensive English Program (IEP) Data on 2017 International Student Enrollments

Overall, 86,786 international students participated in an intensive English program (IEP) in the United States in 2017, according to recently released IIE data. IEP programs in United States are offered by higher education institutions and independent providers, and are one way for international students to initiate their education in the United States. In 2017, 51 percent of IEP students intended to further their study in the United States following the completion of their program.  The latest figures represent a 20 percent decline...

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Member News

Titanium recycling gives Europe a valuable new metal supply

By Chris Knight | European Investment Bank  Titanium recycling plant preserves an important resource, as well as protecting the climate. Titanium is named after the powerful Titans of Greek mythology. That’s because of its great strength. It’s also light, doesn’t corrode, and bends without breaking. Those properties make it a strategic raw material for many products, including aeroplane body parts, missiles, spacecraft and defence armour. The problem is that it is not easy to buy titanium in Europe or find an economical way to recycle...

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Member News

Rising Imports and their effect on peak season pricing

We thought you'd be interested in the following article as it highlights the urgency of booking in advance to peak season: Trans-Pac rates jump on rising imports Despite uncertainty in the global arena, and specifically involving consumer merchandise imports from China, volumes continue to inch up over last year’s record numbers. At the same time, the spot rate for shipping an FEU from Shanghai surged 30.2 percent to the East Coast and 16.7 percent to the West Coast, according to the...

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Member News

The weekly Vulcan View for the 16th to the 20th of July featuring analysis of the latest EU developments

VULCAN VIEW - KEY EVENTS THIS WEEK: BREXIT European Commission issues “no deal” Brexit contingency planAfter a fortnight of political turmoil in UK, the European Commission has called on member countries to step up preparations for a “no deal” Brexit. In a published 15-page document, Brussels warned that a “no deal” scenario seemed increasingly likely and detailed the “significant disruption” to be expected for both business and individuals. The warning offers a blunt analysis of the potential economic and social implications of the...

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Member News

Why Real Diversity Matters: Damian Smith’s opinion on diversity and inclusion

By Damian Smith | Chief Diversity and Inclusion Officer at Societe Generale Americas It's easy for many in the corporate world to get caught up in diversity buzzwords. But the reality is that for today's companies to compete and succeed, it is a necessity - and it goes well beyond a feel-good marketing story. Companies that truly believe and walk-the-walk of diversity and inclusion see benefits that ripple throughout the organization. And many of these benefits are now established and measurable. The...

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Member News

AlixPartners advises British Steel on a ground-breaking financing deal

By Robin Knight | Global Media Relations Director | London AlixPartners, the global business advisory firm, announces that it has advised British Steel (“British Steel” or the “Group”), the £1.4bn turnover UK-based steel manufacturer, on the raising of £90 million of asset-backed financing from White Oak Global Advisors LLC, the San Francisco-based credit fund. The new senior secured facility is the first major FILO (“first-in, last-out”) facility in the European asset-backed debt markets. In June 2016, Greybull Capital LLP, the family-office investor, acquired...

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