05 Mar
Member News

Bannockburn Global Forex | Dollar Slumps while European Rates Surge

Overview:  Talk emerged yesterday that the dramatic losses US equities amid recession fears in light of the rash of tariff announcements and threats would draw the new administration's attention. Commerce Secretary Lutnick suggested yesterday that President Trump may consider a compromise on Mexico and Canadian tariffs announced yesterday. There was no sign of that in the president's address to the joint session of Congress yesterday. US index futures are trading 0.6%-0.8% higher. The other significant development is the opening up...

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04 Mar
Chapter News

European Commission | Strategic Technologies for Europe Platform mobilises over €15 billion to boost investments in Europe in its first year.

Today, the Strategic Technologies for Europe Platform (STEP) celebrates its first year in action for the development and manufacturing of critical technologies in Europe. Over the past year, STEP has pooled the investment firepower of 11 EU programmes, mobilising over €15 billion to support Europe's competitiveness in three strategic sectors: digital technologies and deep-tech innovation, clean and resource-efficient technologies, and biotechnologies. So far, €9.1 billion of EU funds have been mobilised towards STEP across five programmes managed by the Commission directly, namely the Digital Europe programme, the European...

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04 Mar
Chapter News

IMF | How Talent Fuels Growth

Smart policies that help people realize their potential can be game-changing for entire societies Every great leap in human progress—from the printing press to the steam engine to the semiconductor—has been driven by ideas. But ideas do not emerge in a vacuum; they come from people. And among them, it is often the most talented minds that push the boundaries of what is possible. This makes talent one of the world’s most valuable resources that can drive innovation and growth. Countries...

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03 Mar
Member News, Trade & TTIP Related

Jaguar Freight | Important Notice: Tariffs on Imports from Canada and Mexico Slated to Begin

According to US Commerce Secretary Howard Lutnick, tariffs on imports from Canada and Mexico will happen as planned, starting at 12:01 am Tuesday and that the exact details of the tariffs will depend on negotiations. After a 30-day delay from the tariffs’ original start date, US President Trump recently restated his intent to impose 25% tariffs - which are a tax on imports - on its two neighboring countries as a response to what he says is an unacceptable flow...

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03 Mar
Member News

Troutman Pepper Locke | FTC Refocuses Its Resources to Continue Its Work for Labor Market

In what may be a surprise to those who thought that restrictions on the use of noncompetes would go away with the change in administration, this week, the Federal Trade Commission (FTC) announced that the agency will form a Joint Labor Task Force that will “prioritize rooting out and prosecuting deceptive, unfair, and anticompetitive labor-market practices that harm American workers.” FTC Chair Andrew Ferguson issued a memorandum reminding everyone that the FTC’s authority includes protecting American consumers in their role...

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03 Mar
Member News

Bannockburn Global Forex | March 2025 Monthly

In recent weeks, while Russia's war on Ukraine continues and Beijing continues to harass its neighbors, the U.S. tariff threats and doubts that its defense commitments will be sustained, have emerged as the most significant challenge for businesses, investors, and policymakers. These tariffs are aimed at protecting domestic industries, forcing a re-shoring of production, and raising revenue. If, and when implemented, the tariffs can be expected to impact economic growth, inflation, and various industrial sectors. It signals a further...

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03 Mar
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – New fees on Chinese-built vessels, tariff updates on Canada and Mexico, new digitization standards, managing supply chain data, and new strategies for managing costs.

The U.S. Trade Representative (USTR) has another proposal—impose port fees of up to $1.5 million on Chinese-built and operated vessels entering American ports. These fees, which could be considered as another form of tariffs, would aim to counteract China’s dominance in shipbuilding. However, it could also significantly increase costs for shipping companies utilizing Chinese-built ships, potentially disrupting global supply chains. The proposal also includes incentives for U.S.-built vessels and mandates for a portion of U.S. exports to be transported on...

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01 Mar
Member News, Trade & TTIP Related

GDLSK | USTR Requests Comments on Foreign Trade Barriers and Non-Reciprocal Tariffs Imposed by Foreign Countries

In line with the President’s America First Trade Policy Memorandum and the Presidential Memorandum on Reciprocal Trade and Tariffs, the Office of the United States Trade Representative (“USTR”) is now inviting public comments regarding unfair trade practices and non-reciprocal trade arrangements on a country-by-country basis. The information provided will be used by the USTR in its report to the President, which is due on April 1, and will also inform future actions to address any harm to the United...

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01 Mar
Member News

Finland to open a Consulate General in Houston

The Ministry for Foreign Affairs is continuing to strengthen the network of Finnish missions abroad by opening a third Consulate General in the United States. The new Consulate General will be located in Houston, Texas. Finland currently has three foreign missions in the United States: the Embassy of Finland in Washington, D.C., and Consulates General in New York on the East Coast and Los Angeles on the West Coast. The Consulate General in Houston is scheduled to start its operations...

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28 Feb
Chapter News

ECB | The role of the digital euro in digital payments and finance

Contribution to Bancaria by Piero Cipollone, Member of the Executive Board of the ECB, based on remarks at the Crypto Asset Lab Conference on 17 January 2025 Being a key player in digital payments and digital finance should be a priority for Europe. As Mario Draghi pointed out in his recent report, the productivity gap between the United States and the European Union is mostly explained by technology and finance. If we take the information and communications technology (ICT) and financial sectors...

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