16 Apr
Member News

Osborne Clarke | Interplay of the EU AI Act and GDPR

In certain scenarios, there will be an overlap between the EU Artificial Intelligence Act (“AI Act”) and the EU General Data Protection Regulation (“GDPR”) when personal data is processed through regulated AI systems. To illustrate such overlaps in these scenarios, the table below gives an overview of the key requirements under the AI Act applicable to Providers* and Deployers*1 relating to high-risk AI systems* and links each of those requirements to a correlating requirement under GDPR. This overview shall support...

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16 Apr
Chapter News

OECD | International aid falls in 2024 for first time in five years, says OECD

International aid from official donors fell in 2024 by 7.1% in real terms compared to 2023, the first drop after five years of consecutive growth, according to preliminary data collected by the OECD. The fall in official development assistance (ODA) was due to a reduction in contributions to international organisations, as well as a decrease in aid for Ukraine, lower levels of humanitarian aid and reduced spending on hosting refugees in donor countries. ODA by member countries of the OECD’s Development...

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16 Apr
Chapter News

IMF | How to Build Public Support for Energy Subsidy and Pension Reforms

Blog post by: Era Dabla-Norris, Davide Furceri, Mauricio Soto | Public approval is crucial for carrying out difficult reforms that can help countries lower debt and increase growth Many countries struggle with low economic growth and high debt and will need bold fiscal actions to restore their finances. Two significant areas for potential savings are energy subsidies and pension systems. However, reforms in both areas can be unpopular with the public. Public support is crucial for the success of these reforms, and governments...

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16 Apr
Chapter News

European Commission | EU rolls out plan to boost circular and efficient products

Today, the European Commission adopted the 2025-2030 working plan for the Ecodesign for Sustainable Products Regulation (ESPR) and Energy Labelling Regulation. The plan provides a list of products that should be prioritised to introduce ecodesign requirements and energy labelling over the next five years. This will foster sustainable, repairable, circular and energy efficient products across Europe,  in line with the Clean Industrial Deal and the Competitiveness Compass. The priority products for ecodesign and energy labelling requirements are steel and aluminium, textiles (with a focus on apparel), furniture, tyres and mattresses. These...

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16 Apr
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | The New Tariff Landscape Requires Strategic Transfer Pricing Tools

Key insights Higher tariffs mean companies must adapt their transfer pricing policies and supply chain management strategies to account for increased costs associated with importing goods. If a company's actual results from transactions during the tax year are not arm's length, they are required to make retroactive adjustments to the transfer prices paid during the year. Strategic declaration of transaction prices and participation in initiatives like Customs and Border Protection’s reconciliation program can help reduce duty liability. By accurately...

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15 Apr
Chapter News, Trade & TTIP Related

European Commission | EU pauses countermeasures against US tariffs to allow space for negotiations

The European Union has paused its countermeasures on unjustified US trade tariffs to allow time and space for EU-US negotiations.  The pause was first announced by EU Commission President Ursula von der Leyen last week, and takes legal effect tomorrow. The decision – which puts on hold for up to 90 days the EU's planned countermeasures against US tariffs on EU steel and aluminium imports - was made in response to the US delaying by 90 days its so-called reciprocal tariffs. In total, the suspended EU...

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15 Apr
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | White House Releases List of Products Excluded From Reciprocal Tariffs

By: Ryan Last, Daniel N. Anziska, Lindsay Austin, Sean P. McNally, Tom Tilton, and Charlene C. Goldfield, Troutman Pepper Locke On April 11, the White House released a Presidential Memorandum, “Clarification of Exceptions Under Executive Order 14257 of April 2, 2025, as Amended,” which exempts a list of semiconductors and electronics from reciprocal tariffs issued under Executive Order 14257, “Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits,” as...

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15 Apr
Chapter News

NY Fed | Short-Term Inflation Expectations Increase, Labor Market Expectations Deteriorate

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the March 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short-term horizon, remained unchanged at the medium-term horizon, and ticked down at the longer-term horizon. Unemployment, job loss, and earnings growth expectations deteriorated. Household income growth expectations declined. Households were also more pessimistic about their year-ahead financial situations and credit access. Stock price expectations declined and reached the lowest level...

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15 Apr
Member News

Eversheds Sutherland | EU AI Act – Considerations for global employers

New and upcoming obligations Why should I read this? The first obligations under the EU AI Act are now in force. Any business that places on the market, puts into service or otherwise uses artificial intelligence (‘AI’) systems within the EU will have obligations under the AI Act. The AI Act seeks to create a cohesive legal framework to safeguard against the adverse impacts of AI systems, while at the same time fostering innovation. In this briefing, we examine the most recently implemented...

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14 Apr
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Trade Finance: A Way to Bridge Cash flow during Auto Parts Tariffs

By Catherine Alvino, Marketing Manager, Tradewind Finance International trade has a way of keeping you on your toes – and trade involving auto parts is no exception. With recent tariff announcements from the U.S., automakers and auto parts suppliers are facing a new set of questions on how to best go about business. 40-80% of auto parts used in U.S.-made cars are imported, according to auto analyst Mel Yu. These parts come largely from Canada and Mexico in what is an intertwined supply...

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