News | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources

20 Mar

No-deal Brexit happens next week and no one knows if the EU will stop it

Posted by EACCNY
March 20, 2019

by Luke McGee, CNN Brexit is deep into its most crucial week since the last one. On Thursday, Theresa May travels to Brussels to meet with the remaining 27 EU leaders, where she is expected to request an extension to Article 50, the legal process by which Britain is leaving the EU. If the EU27 agree, as they probably will, Brexit will be delayed beyond the current deadline of March 29. Leaving aside the gravity of this epic failure of British Brexit policy, the...

20 Mar

Chapter News, News

Antitrust: Commission fines Google €1.49 billion for abusive practices in online advertising

Posted by EACCNY
March 20, 2019

The European Commission has fined Google €1.49 billion for breaching EU antitrust rules. Google has abused its market dominance by imposing a number of restrictive clauses in contracts with third-party websites which prevented Google's rivals from placing their search adverts on these websites. Commissioner Margrethe Vestager, in charge of competition policy, said: "Today the Commission has fined Google €1.49 billion for illegal misuse of its dominant position in the market for the brokering of online search adverts. Google has cemented...

19 Mar

Member News

HSBC International Business Guides: Germany

Posted by EACCNY
March 19, 2019

At the heart of Europe and an intrinsic part of the European Union, Germany is an economic powerhouse. Famed for its industry, manufacturing and engineering, it is Europe’s greatest exporter. Its people are highly educated, skilled and motivated, making it a core market for growing businesses. Founded in Germany in 1785, HSBC Germany offers in-depth local knowledge and financial expertise from its base in Düsseldorf and 11 other locations across the country. With almost 3,000 employees in Germany, backed by...

19 Mar

Member News

More Affordable and Innovative Medicines and Treatments in Europe – Has the Competition Enforcement Met the 2009 Objective?

Posted by EACCNY
March 19, 2019

By Marie-Laure Combet and Lena Boucon | Orrick A decade ago, the European Commission conducted a thorough sectoral inquiry into the European pharmaceutical sector that identified antitrust shortcomings impeding access to more affordable and innovative medicines and treatments. Concluding this inquiry by setting priority actions for the years to come, former Competition Commissioner Kroes called for “… more competition and less red tape …” (sic). Since this statement, there has been intense enforcement activity in the sector not only by the European Commission itself,...

19 Mar

Brexit News, Chapter News, News

Brexit: Council adopts a series of contingency measures for a “no-deal” scenario

Posted by EACCNY
March 19, 2019

Press Release 19-3-2019 The Council today adopted a series of legislative acts as part of its contingency preparations for a "no-deal" Brexit scenario. The aim of these acts is to limit the most severe damage caused by a disorderly Brexit in specific sectors where it would create a major disruption for citizens and businesses. They come on top of other measures, such as on citizens' rights, adopted by member states as part of their preparations for a "no-deal" scenario. These measures are...

18 Mar

Brexit News, Chapter News, News, Uncategorized

Parliament speaker rules out third vote on ‘same’ Brexit deal

Posted by EACCNY
March 18, 2019

By Charlie Cooper Theresa May's government cannot hold a third vote on its Brexit deal without securing a "demonstrable change" agreed with the EU, House of Commons Speaker John Bercow ruled, throwing the government's plans into further chaos. In an announcement that took MPs by surprise, Bercow said that according to parliamentary conventions dating as far back as 1604, the government could not hold repeated votes in the House of Commons, in the same parliamentary session, on a motion that...

18 Mar

Chapter News, News

EU Industrial Policy After Siemens-Alstom: Finding a New Balance Between Openness and Protection

Posted by EACCNY
March 18, 2019

The ongoing technological revolution and China’s rise have sparked fears that Europe's industry risks falling behind, and that its unmatched openness is being used against its strategic interests. Amid calls for a more ambitious and strategic EU industrial policy, this paper explores a possible new balance between openness and protection as part of a joined-up strategy to create a more level global playing field, while shoring up industrial innovation and productivity at home. BEGIN REPORT: The European Commission’s decision of 6...

18 Mar

Member News

5 Ways to Improve Candidate Experience

Posted by EACCNY
March 18, 2019

By Len Adam, CEO | ACG Resources The candidate experience is essential to a company’s ability to attract top talent. Unemployment is low and the competition for talent is tough, so it’s vital to get off on the right foot and create a positive impression. A lot can go wrong during the interview process, so striving for positive candidate experience is key. Be Expedient One of the quickest ways to lose a candidate’s interest is by taking too long. The hiring...

18 Mar

Member News

ING Italy to strengthen compliance

Posted by EACCNY
March 18, 2019

ING has been informed by the Banca d'Italia of their report with conclusions regarding shortcomings in AML processes at ING Italy. ING will analyse the findings from an inspection conducted from October 2018 until January 2019 and will discuss them further with the Banca d'Italia. In line with the enhancement programme announced last year, it is taking the necessary steps to improve processes and management of compliance risks as required by the Banca d'Italia. In close consultation and in agreement...

18 Mar

Brexit News, Member News

British Parliament likely to vote again on the Withdrawal Agreement in last push to get Brexit over the line

Posted by EACCNY
March 18, 2019

By Mike Archer, Director Public Affairs, Strategic Communications | FTI Consulting On Wednesday 20th March 1,000 days will have passed since the UK held an historic vote to leave the European Union. 1,000 days filled with accusations and counter-accusations; procrastination followed by sudden acceleration; anger, frustration and despair; and, of course, soundbite after soundbite. But perhaps most of all, 1,000 days of uncertainty for business and citizens across the European continent. When the headlines are written this week, will they...

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