21 Jan
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Declining airfreight rates, a temporary bump in US container imports, the price of diesel, China’s economic issues, and using AI to strengthen humanitarian aid supply chains.

In an unpredictable switch, e-commerce volumes have nosedived—and airfreight rates have followed. They’ve dropped by 40% since December. This is mostly led by a mix of retail surpluses and companies front-loading ahead of threatened US tariff changes. Also pushing rates down is intense competition between Chinese carriers on China-Europe routes. European airlines are struggling with strong inbound but weaker outbound volumes. And in the UK, while the currency exchange is increasing airfreight costs, a decrease in volumes from China is...

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21 Jan
Chapter News

European Commission | Special Address by President von der Leyen at the World Economic Forum

'Check against delivery' Lieber Klaus Schwab, Liebe Karin Keller-Sutter, Your Majesties, Presidents, Prime Ministers, Excellencies, Ladies and Gentlemen, The first quarter of the century has come to an end. And it has brought about a sea-change in global affairs. This century started with great expectations. 25 years ago, the era of hyperglobalisation was nearing its peak. As supply chains went global, hundreds of millions of people were being lifted out of poverty, especially in India and China. In America, the dot-com boom was at its height, symbolising the...

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21 Jan
Chapter News

EEAS | EU Statement: Joint briefing by the Presidents of the General Assembly and the Economic and Social Council

20 January 2025, New York -- Statement on behalf of the European Union and its Member States by H.E. Ambassador Stavros Lambrinidis, Head of the Delegation of the European Union to the United Nations, at the Joint Briefing by the Presidents of the General Assembly and the the Economic and Social Council. Presidents, colleagues, I have the honour to speak on behalf of the European Union and its Member States. The Candidate Countries North Macedonia, Montenegro, Albania, Ukraine, the Republic of Moldova, Bosnia and...

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21 Jan
Chapter News

European Commission | Remarks by Commissioner Dombrovskis at the Eurogroup press conference

Thank you. Good evening, everyone.  The Eurogroup had a very useful discussion on economic policy priorities for the euro area, which showed a high degree of convergence, and alignment with the agenda of the new commission. While we have successfully navigated a period of significant challenges in recent years, demonstrating a remarkable degree of economic resilience, the euro area continues to be confronted with significant structural challenges. Productivity growth has been slow for too long in the euro area, and euro as...

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21 Jan
Chapter News, Trade & TTIP Related

DoC | Four Years of Transformation at the Department of Commerce

During her tenure as Commerce Secretary, Gina Raimondo oversaw more than $90 billion invested in targeted programs to safeguard U.S. national security, spur innovation, stimulate job creation in good-paying careers, and bolster U.S. competitiveness. Washington, D.C. — Under the Biden-Harris Administration and U.S. Secretary of Commerce Gina Raimondo’s leadership, the Department of Commerce took a new approach to economic policy to turn the agency into an engine of innovation and growth. With transformational investments to enhance U.S. competitiveness, Secretary Raimondo worked...

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17 Jan
Chapter News

EEAS | Top 10: EU & US Stronger Together

Stronger Together European Council President António Costa and European Commission President Ursula von der Leyen look forward to positive engagement with the incoming US Administration. In a rough world, the EU & US are stronger together. The Middle East We welcome the ceasefire and hostage release agreement in Gaza. Hostages will be reunited with their loved ones and humanitarian aid can reach civilians in Gaza. This brings hope to an entire region, where people have endured immense suffering for far too long. California...

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17 Jan
Member News

Wilson Sonsini | DORA: New EU Cybersecurity Requirements for the Financial Sector Enter into Force

Starting January 17, 2025, the Digital Operational Resilience Act (DORA) will require financial entities and their critical information and communication technology (ICT) service providers to comply with enhanced cybersecurity risk management measures. Its goal is to protect the financial sector from ICT disruptions and a new generation of cyber threats. Scope. DORA applies to financial entities in the EU, such as banks, crypto-providers, trading venues and insurers, and their designated critical ICT service providers. Providers, regardless of their location, must establish...

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17 Jan
Member News

Cilcare appoints Dr. Bettina M. Cockroft as Chief Medical Officer

Montpellier, January 17, 2024 – Cilcare, a biotechnology company specializing in auditory sciences, is pleased to announce the appointment of Dr. Bettina M. Cockroft as its new Chief Medical Officer. With over three decades of experience in clinical development, medical affairs, and a strong background in the biopharmaceutical industry, Dr. Cockroft brings a wealth of expertise in advancing innovative therapies for hearing disorders, particularly cochlear synaptopathy and sensorineural hearing loss. Dr. Cockroft’s distinguished career spans several senior roles in both large pharmaceutical...

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17 Jan
Chapter News

IMF | As One Cycle Ends, Another Begins Amid Growing Divergence

Blog post by Pierre-Olivier Gourinchas | We project global growth will remain steady at 3.3 percent this year and next, broadly aligned with potential growth that has substantially weakened since before the pandemic. Inflation is declining, to 4.2 percent this year and 3.5 percent next year, in a return to central bank targets that will allow further normalization of monetary policy. This will help draw to a close the global disruptions of recent years, including the pandemic and Russia’s...

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17 Jan
Member News

Vulcan View: The latest EU developments 13 January – 17 January

EU under intense pressure to address disinformation from tech giants The EU’s Digital Services Act (DSA), adopted in 2022, is designed to safeguard democracy from disinformation, hate speech, and manipulative election campaigns. However, enforcement of the DSA is facing obstacles as leading US firms drop content moderation practices. After taking over X (formerly Twitter), Elon Musk fired moderators and scrapped transparency measures tracking disinformation, in an attempt to turn the platform into a bastion of free speech. Silicon Valley CEOs are now following suit, in efforts to...

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