23 Jun
New York Related News

Governor Cuomo Announces $200 Million Airport Redesign Competition Accepting Applications Until July 1

Funding will Accelerate State Investments to Reimagine Upstate Commercial Passenger and Cargo Service Airports for the 21st Century Applications Being Accepted Until July 1 – Eligible Airports Can Apply Here Governor Andrew M. Cuomo today announced that New York State is in the process of accepting applications for the new $200 million Upstate Airport Economic Development and Revitalization competition and will continue to accept applications until July 1. The initiative includes $190 million to support the competition, which will solicit proposals...

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23 Jun
Member News

Tax Alert Ecofin reaches political agreement on the Anti Tax Avoidance Directive and removes the switch-over clause

On 20 June 2016, Ecofin reached political agreement on the Anti Tax Avoidance Directive (“ATAD”). The rules included in the ATAD will have an impact on the corporate income tax position of companies operating in the European Union (“EU”), including the Netherlands. Unlike the earlier drafts of the ATAD, the final draft ATAD dated 17 June 2016 no longer includes the switch-over clause. The switch-over clause could have adversely affected the Dutch participation exemption regime.The ATAD is aimed at...

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23 Jun
Chapter News

‘Make Europe the innovation hub of the world’

What is crucial to create a smart Europe? This question framed the first day of the European conference Industrial Technologies 2016, Wednesday 22 June in Amsterdam. The world is changing rapidly and we need to come out of our comfort zone to make our factories future proof. It’s eat or be eaten. With this message opened Ineke Dezentjé Hamming-Bluemink, chair of FME and president of CEEMET, the conference. Pan-European policy All keynote speakers underlined the importance of a pan-European policy to...

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23 Jun
Chapter News

“Baltic plan”: first long-term fishing plan under new Common Fisheries Policy

The EU multiannual plan for managing Baltic Sea cod, sprat and herring stocks was approved in plenary on Thursday. This is the first new Common Fisheries Policy (CFP) regional plan that takes account of interactions between species. It aims to ensure the sustainability of fisheries and offer fishermen better economic conditions in the long run. Parliament and Council negotiators reached an informal agreement on it in March. The multispecies management approach is much more effective than managing a single species....

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23 Jun
Chapter News

Monetary policy in the euro area: scope, principles and limits

Keynote speech by Yves Mersch, Member of the Executive Board of the ECB, at the Natixis Meeting of Chief Economists, Paris, 23 June 2016 Ladies and gentlemen, The past few years, not to speak of present days, have been challenging ones for central banks worldwide, and the euro area has been no exception. The ECB’s monetary policy decisions have come under greater scrutiny than ever before. Some commentators have argued that the ECB does not have sufficient tools to counter deflationary...

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23 Jun
Chapter News

More ambition and consumer-orientation in 2020 energy targets and beyond?

The EU's renewable energy target - 20% of total consumption by 2020 - has already been hit by many EU member states. But others lag behind and must do more, MEPs urge in a resolution, voted on Thursday, on the EU Commission's “renewables progress report." To achieve the EU's energy efficiency target - a 20% gain by 2020 – member states need to implement EU legislation faster, and in full, says a second resolution, also voted on Thursday. "Our concern...

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22 Jun
Chapter News

U.S. ITA Launches New U.S. Industry Internship for its Strategic Partners

In April 2016, the U.S. Secretary of Commerce, Penny Pritzker, launched the Department’s new Commercial Diplomacy Institute (CDI) as a vehicle to advance government to business partnerships by promoting stronger professional development and thought leadership opportunities in the commercial diplomacy field.   One of CDI’s newest programs is the U.S. Industry Internship Program (USIIP). USIIP allows our strategic partners to host experienced trade professionals for a period of up to 90 days over a calendar year. This mutually beneficial exchange...

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22 Jun
Chapter News

Speech by the President of the Eurogroup, Jeroen Dijsselbloem, at the Wirtschaftstag in Berlin, 21 June 2016

Thank you very much for the invitation and opportunity to speak to you today. Again, in a time of uncertainty. Political and economic uncertainty, this time stemming directly from a referendum in the UK. And again, commentators throughout Europe contemplate the consequences of the possible next crisis. I will argue today that we should not wait for the next possible event (which may never happen) but should look at the fundamentals and continue to work on improving those. Economic outlook eurozone There is quite a...

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22 Jun
Member News

Houlihan Lokey Advises Iovate Health Sciences

Houlihan Lokey is pleased to announce that Iovate Health Sciences International, Inc. has agreed to be acquired by Xiwang Foodstuffs Co., Ltd. The transaction was signed on June 12, 2016. Founded in 1995 and based in Oakville, Canada, Iovate is a dynamic, leading-edge nutritional company that delivers some of the highest quality, most innovative, and effective active nutrition products in the world. With brand innovations like MuscleTech, Six Star Pro Nutrition, Purely Inspired, and Hydroxycut, the company is committed to being the...

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22 Jun
Chapter News

Global city movements join forces in the fight against climate change

Two major global initiatives to fight climate change at city level are merging to create an alliance of more than 7,100 cities across the world called the Global Covenant of Mayors for Climate and Energy. The Covenant of Mayors – an EU initiative launched in 2008 involving 6,800 cities and regions in 57 countries – and the Compact of Mayors – a global coalition of mayors and city officials launched in 2014 by United Nations Secretary-General Ban Ki-moon – together...

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