Chapter News

Current changes to the labour market may well define the future of Europe

Most discussions on the future of work are dominated by the impact of key changes in society, such as the digital revolution and demographic changes. These changes raise various issues of concern, sometimes suggesting contradictory trends such as labour shortages linked to an ageing population, or new technologies resulting in job loss. Migration and mobility are discussed as part of the solution, but also present important challenges of their own. Eurofound’s research analyses the structural changes that are ongoing...

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New York Related News

Governor Cuomo Announces $16 Million Available to Support Construction of Energy Efficient Housing

Program to Provide Savings of $180 Million for Housing Owners and Tenants While Supporting the Governor's Mandate to Reach 50 Percent Renewable Power by 2030 Governor Andrew M. Cuomo today announced the availability of $16 million through the New York State Energy Research and Development Authority to support the design and construction of new energy-efficient housing and to complete similar improvements in existing buildings across New York State. Improvements in energy efficiency, particularly in the construction of new residential houses...

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Chapter News

USD 81 billion mobilised in 2015 to tackle climate change – Joint MDB report

Climate finance totalling USD 81 billion was mobilised for projects funded by the world’s six largest multilateral development banks (MDBs) in 2015. This included USD 25 billion of MDBs’ direct climate finance, combined with a further USD 56 billion from other investors. The latest MDB climate finance figures are detailed in the 2015 Joint Report on Multilateral Development Banks’ Climate Finance, prepared by the Asian Development Bank(ADB) together with MDB partners: the African Development Bank (AfDB), the European Bank for...

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Chapter News

IMPACT REPORT: Transforming Government Services through Technology and Innovation

President Obama has led a transformational era of change through technology and innovation that is producing a smarter, savvier, and more effective government for the American people.  On August 11, 2014, the President directed his Administration to accelerate efforts to improve and simplify the digital experience between individuals, businesses, and the government through the creation of the U.S. Digital Service.  Over the last two years, these actions have significantly improved the Federal Government’s ability to provide better citizen-centered services and...

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Member News

Prominent Manhattan Skyscraper Refinanced

According to Friday's Commercial Mortgage Alert issue, real estate developer Sheldon Solow struck a deal with J.P. Morgan to refinance a $1.2 billion fixed-rate CMBS loan against the 1.7 million square-foot Solow Building. Solow is expected to use the new financing to pay down an existing CMBS mortgage on the iconic Manhattan skyscraper, the $625 million 9 West 57th Street note. The 5-year loan matures in February 2017. The new loan will have a 10-year term structure and a coupon rate...

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Member News

Can shipowners waive their right to limit their liability?

Every shipowner and marine insurer knows that shipowners are entitled to limit their liability for marine claims. In Bahamas Oil Refining Company International v Owners of The Cape Bari, a decision which has attracted considerable interest in the shipping industry, the Privy Council has held that parties to a contract are able to waive their right to limit their liability. Facts On 25 May 2012, the vessel Cape Bari collided with sea berth no. 10 at Freeport, Grand Bahama. The berth...

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Member News

Penalty for HSR Violations More Than Doubled

On, August 1, 2016, the maximum daily penalty for premerger notification violations under the Hart-Scott-Rodino Act (HSR Act) increases from $16,000 to $40,000. This 250 percent increase, which the Federal Trade Commission (FTC) announced at the end of June, is mandated by a statute requiring federal agencies to adjust civil penalties for inflation. Key Notes: Maximum fine for HSR violations increased from $16,000 to $40,000 per day. Increased penalties and enforcement could result in millions of dollars in fines. Harsher penalties generally reserved...

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Chapter News

New Report Shows Global Fiscal Transparency Lagging Behind US Standards

Developing countries are failing to meet fiscal transparency standards as established by the United States, according to a report released on July 28. The US State Department’s Fiscal Transparency Report—released annually since 2012—details which countries meet the State Department’s minimum fiscal transparency requirements, which countries are making progress towards it, and which countries are making no significant progress. In the 2016 report, sixty-four countries failed to meet the minimum standards. Of those, only eight showed significant progress. The report reveals the highest...

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Member News

Can the German economy continue to defy gravity?

The Germany-US trade corridor is firmly entrenched, with HSBC analysts expecting demand for German capital and goods to remain high in its primary North American market. Contrary to expectations, Germany is a commerce and industry bright spot in Europe. Labelled the Sick Man of Europe at the turn of the century, Germany defied its critics to emerge from the global recession and a series of euro crises as an economic superstar. The nation reversed its shrinking growth rate and high unemployment...

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Chapter News, Trade & TTIP Related

TTIP: Public report of the 14th round of negotiations

A detailed report of the 14th round of TTIP talks is now available. It sets out progress achieved, chapter by chapter. The 14th negotiating Round took place in Brussels from 11-15 July 2016. For logistical reasons, the talks on services and investment stretched into the following week. This Round saw a record number of textual exchanges, which means there are proposals for almost all chapters on the table now, totalling about 30. As in previous rounds, close to 400 stakeholders...

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