27 Sep
Member News

Big Data: the end of causality and the beginning of correlation

Data are not a new technology, but a new mentality. The involved fields? Business, health care, education, mobility and transports To Viktor Mayer-Schönberger, Big Data is not a just a new technology, but, in his own words, “a shift in mindset”: humans, he says, are gradually shifting from thinking in terms of causality to thinking in terms of correlation, from analysing small amounts of ordered data to processing huge amounts of messy data. A professor of Internet Governance and Regulation...

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26 Sep
Member News

Top 100 Aerospace and Defence companies posted record profits, but a slowdown in commercial aircraft orders and macro-drivers may create new headwinds

Sector to face continued disruption from combination of new players and digitalization, according to annual AlixPartners study The global Aerospace and Defence (‘A&D’) industry has seen record profits of 10.1% EBIT for the top 100 companies and sales up 3%, according to the most recent annual outlook for the industry by AlixPartners, the global business advisory firm.  AlixPartners warns that some parts of the sector may face new headwinds from the combination of a tense commercial aircraft supply chain, potential...

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26 Sep
Member News

Houlihan Lokey Advises AmeriMark Holdings, LLC

Houlihan Lokey is pleased to announce the successful placement of $140 million senior secured credit facility for AmeriMark Holdings, LLC, a catalog and e-commerce portfolio company of Prudential Capital Partners. The financing consisted of a $75 million ABL revolver and a $65 million senior secured term loan. Proceeds were used to refinance the company's existing indebtedness ahead of a maturity, as well as to pay related fees and expenses. The transaction closed on September 8, 2016. Founded in 1969, AmeriMark...

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26 Sep
New York Related News

Governor Cuomo Announces Loans of Up to $2 Million are Available to Support Small Businesses Affected by the Drought

Loans Are Available In Western New York, Finger Lakes, Central New York and Southern Tier Following Federal Disaster Declaration Governor Andrew M. Cuomo today announced that at his request, the U.S. Small Business Administration Economic Injury Disaster Loan program is now offering assistance to eligible small businesses and other entities affected by this summer's drought in the Western New York, Finger Lakes, Central New York and Southern Tier regions. Loan amounts of up to $2 million are being offered to...

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26 Sep
Chapter News, Trade & TTIP Related

15th Round Transatlantic Trade and Investment Partnership Negotiations

The 15th round of EU-US trade talks will take place in New York from Monday 3 to Friday 7 October 2016. NEGOTIATIONS The fifteenth round of EU-US negotiations on the Transatlantic Trade and Investment Partnership (TTIP) agreement will take place in New York, from 3 – 7 October. Both EU and US Chief Negotiators will take a break from the talks to brief the stakeholders on the update of negotiations. The event will take place on Wednesday, 5 October. CHIEF NEGOTIATORS BRIEFING The...

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26 Sep
Chapter News

The next steps in the evolution of the Eurosystem’s market infrastructure

Opening remarks by Yves Mersch, Member of the Executive Board of the ECB, at the Eurosystem community session at Sibos, Geneva, 26 September 2016 Introduction One year ago, the Eurosystem shared some initial reflections on the strategy for the future development of its market infrastructure. The rationale behind these strategic reflections was the need to keep pace with technological developments in line with the mandate of our Treaty to promote the smooth operation of payment systems. Digitalisation of financial services The digitalisation of financial services...

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23 Sep
Member News

New Philanthropy Will Support Universal Education for Neediest Children and Youth Worldwide

Catalyst Trust will join with the Institute of International Education to create PEER - the Platform for Education in Emergencies Response John Sexton To Announce Formation of Catalyst Trust, supported by Gordon Brown New web-based clearinghouse will connect refugee and internally displaced students to scholarships and educational opportunities around the world Students and scholars in Syria and many other parts of the world have been abruptly cut off from educational opportunities by war, persecution, and violence engulfing their homes. More than...

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23 Sep
Member News

Protecting Yourself Against Internet Scammers

Scams have been around for quite a while, but the Internet has made them easier to initiate, and thus more common. It no longer seems odd to be contacted by a stranger from far away, presenting a business proposal or seeking professional advice, because that is how many of us make and develop those contacts overseas. The early Internet scams were unsophisticated, often involving a victim in another country seeking help or funds to get out of a serious...

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23 Sep
Chapter News

EIB approves EUR 7 billion of new loans and launches discussion on extending Investment Plan for Europe

Meeting in the Maltese capital of Valetta, the Board of Directors of the European Investment Bank approved more than EUR 7.3 billion of new loans for investment in strategic infrastructure, the environmental and knowledge economy as well as private sector schemes across Europe and around the world, including ground breaking new projects in Malta. 18 of these loans, worth EUR 2.8 billion will be backed by the European Fund for Strategic Investments. Plans to extend the European Fund for Strategic...

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23 Sep
Chapter News

Schulz discusses challenges of EU-UK negotiations with Prime Minister Theresa May

Once Brexit negotiations begin the European Parliament will be a responsible and active partner, Martin Schulz told UK Prime Minister Theresa May. The Parliament President met her during a visit to London on 22-23 September. He said the greatest challenges would be trade and the issue of preserving the freedom of movement of goods, people, services and capital. He also discussed why the Parliament believes article 50 should be triggered as soon as possible. In addition to May, Schulz also...

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