20 Dec
Member News

Vulcan View: The latest EU developments 16 December – 20 December

EU adopts 15th sanctions package targeting Russia’s shadow fleet The Council of the EU formally signed off on its 15th Russian Sanctions Package on Monday, 16 December. The package consists of an additional 54 persons and 30 entities responsible for actions undermining or threatening Ukraine’s territorial integrity. The measures are designed to target Putin’s shadow fleet and weaken Russia’s military and industrial complex. The Council has added 32 new entities to the list of those supporting Russia’s war against Ukraine by imposing stricter export...

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19 Dec
Chapter News

European Commission | Strategic Dialogue on the Future of the European Automotive Industry to start in January

On 27 November 2024, in a speech to the European Parliament, President of the European Commission Ursula von der Leyen announced her decision to convene a Strategic Dialogue on the Future of the Automotive Industry in Europe. The Dialogue will be officially launched already in January 2025, with a view to swiftly proposing and implementing measures the sector urgently needs. Commission President, Ursula von der Leyen, said: “The automotive industry is a European pride and is crucial for Europe's prosperity. It drives innovation, supports millions of...

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19 Dec
Chapter News, Trade & TTIP Related

DoC | U.S. Economic Development Administration Reauthorized by Congress for First Time in 20 Years

Bipartisan legislation will modernize the EDA and other regional commissions whose mission is to spur economic growth in communities across the country The U.S. Department of Commerce’s Economic Development Administration (EDA) celebrates its historic reauthorization by Congress, allowing it to continue its legacy of promoting American innovation and competitiveness by providing grants and support to communities across the country. Since 1965, EDA has led some of the nation’s most impactful programs to strengthen public works and infrastructure, job creation and workforce development,...

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19 Dec
Chapter News

ECB | Digital payments continue to rise, albeit at a slower pace; cash remains a key payment method

Cash most frequently used payment method in stores, although use has continued to decline Share of digital payment instruments continues to increase in value terms, with cards still dominant and share of mobile apps on the rise Majority of consumers value having option to pay with cash The European Central Bank (ECB) today published the results of the latest study on the payment attitudes of consumers in the euro area (SPACE). Despite the trend towards digital payments, the number...

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19 Dec
Member News

IE University announces IE New York College

IE University becomes custodian of a US College based in SoHo with a focus on Business and Sustainability. IE University has replaced Glasgow Caledonian University as the sole member of Glasgow Caledonian New York College (GCNYC). This US College based in SoHo will be renamed IE New York College (IENYC) upon accreditation approval for the name change. With this replacement IE University becomes custodian of a state-of-the-art College with a focus on Business and Sustainability. The College has been provisionally chartered by...

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18 Dec
Chapter News

ECB | The ECB wage tracker: your guide to euro area wage developments

Blog post by Colm Bates, Vasco Botelho, Sarah Holton, Marc Roca I Llevadot and Mirko Stanislao | The growth of negotiated wages is expected to ease in 2025. This is the information emerging from the ECB wage tracker, which we will publish on a regular basis from now on. The ECB Blog explains the tool and how it can help monitor wage pressures in the euro area. Wages are an important driver of domestic goods and services inflation. Most wages are...

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18 Dec
Chapter News

European Commission | EU companies top US and China counterparts in R&D investment growth, breaking decade-long trend

Europe's industry has increased its investment in research and development (R&D) by 9.8% in 2023, surpassing the growth of corporate R&D investment in the US (+5.9%) and China (+9.6%) for the first time since 2013, according to the new edition of the EU Industrial R&D Investment Scoreboard published today. In 2023, the EU was second globally in R&D private investment (18.7%), trailing the US (42.3%), but ahead of China (17.1%), Japan (8.3%) and countries in the rest of the world (13.6%)....

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17 Dec
Member News

IPTI | Property Tax in the News – December 2024

IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in...

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17 Dec
Member News

Stephenson Harwood | Neural Network – December 2024

In this edition of the Neural Network, we look at key AI developments from November and December. In regulatory and government updates, the European Commission's AI Office has consulted ahead of producing guidance on provisions in the EU's AI Act, and has published the first draft of a General-Purpose AI Code of Practice prepared by a group of independent experts; the EU's Cyber Resilience Act has been published in the Official Journal; the UK's new data reform Bill has come...

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17 Dec
Chapter News, New York Related News, Trade & TTIP Related

DoC | Assistant Secretary Grant Harris Advances U.S. Supply Chain Resilience Priorities in New York City

WASHINGTON, D.C. - This week, Assistant Secretary of Commerce for Industry and Analysis Grant T. Harris traveled to New York City to advance the U.S. Department of Commerce’s efforts to strengthen U.S. supply chains. During his visit, he participated in the Financial Times: Investing in America Summit and met with industry leaders to advance the Department’s mission.   At the Financial Times Summit, Assistant Secretary Harris delivered the keynote address, where he highlighted the Biden-Harris Administration’s efforts to develop stronger supply...

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