Member News, News

Another CMBS Borrower Preps for Life after UBS in Stamford

Earlier this month we wrote about how the borrower for 400 Atlantic Street in Stamford, Connecticut was expecting to lose its top three tenants, including UBS (50% of the space in that building). Yesterday, Connecticut publication The Day reported that a second Stamford building owner has hired a real estate firm to assess the market in the event UBS leaves its space. Cushman & Wakefield is the process of reviewing the market for 677 Washington Boulevard. The 400 Atlantic Street CMBS loan is bigger than the one backed by 677 Washington Boulevard,...

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EU Council calls for a ‘greener’ Europe 2020 strategy

In a meeting in Luxembourg on 28 October, environment ministers adopted conclusions on 'greening' the European Semester and the Europe 2020 strategy. The conclusions recognise that a greener economy contributes to long term prosperity, and highlight the need for a transition towards a resource efficient circular economy. In particular, they underline the need for: better integrating resource efficiency in the Europe 2020 strategy, through the introduction of a non-binding aspirational target taking into consideration circular economy principles and the potential for green...

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Meet Poppy, the open-source, 3D-printed robot set to inspire innovation in classrooms

Meet Poppy, the first completely open-source, 3D printed, humanoid robot (@poppy_project). Poppy is a robot that anybody can build and program. That means it's not just a tool for scientists and engineers: the team of developers aims to make it part of vocational training in schools, giving students the opportunity to experiment. Poppy was developed in France by Inria's Flowers team, which creates computer and robotic models as tools for understanding developmental processes in humans. Dr Pierre-Yves Oudeyer, who...

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European Commission welcomes the publication of the EU-wide stress test by the EBA and the comprehensive assessment by the ECB

Safer banks serving the economy: the European Commission welcomes the publication of the results of the EU-wide stress test by the European Banking Authority and the comprehensive assessment by the European Central Bank. Since the onset of the financial crisis, major improvements in the EU regulatory framework, the level and quality of banks’ capital and supervision have considerably strengthened the resilience of European banks. Today’s results of the EU-wide stress test and the comprehensive assessment, which represent the most intense...

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Nutri Ventures Launches a Nationwide Innovative Educational Program

As part of its commitment to the Partnership for a Healthier America, Nutri Ventures presents the Nutri-Guardians project to make nutrition education more fun and effective. NEW YORK CITY (Oct 21, 2014) – From now on, education and health professionals worldwide will have innovative tools, available for free, to introduce children aged 4 to 10 to the subject of healthy lifestyles and nutrition in a fun and exciting way. Under the agreement announced during the Partnership for a Healthier America’s (PHA)...

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US Senate Senate Finance Committee: U.S. Companies Depend on Global Internet

Wyden, Hatch, Rockefeller, Thune: Trans-Pacific Partnership Must Protect Cross-Border Data Flows to Grow Digital Economy WASHINGTON October 24, 2014 – To ensure the 21st-century digital economy is not stifled by harmful trade barriers, Senate Finance Committee Chairman Ron Wyden, D-Ore., and Ranking Member Orrin Hatch, R-Utah, with Sens. Jay Rockefeller, D-W.V., and John Thune, R-S.D., chairman and ranking member of the Senate Commerce Committee, called on U.S. trade negotiators to ensure cross-border data flows are adequately addressed in the Trans-Pacific...

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Europe leads the way in the fight against climate change

European Union leaders gathering in Brussels yesterday and today agreed on an ambitious framework and targets for the EU's climate and energy policy. They endorsed: a binding EU target of at least 40 percent less greenhouse gas emissions by 2030, compared to 1990; a binding target of at least 27 percent of renewable energy used at EU level; an energy efficiency increase of at least 27 percent; the completion of the internal energy market by reaching an electricity interconnection...

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What’s “Chip and PIN”?

Credit card fraud and identity theft hit millions of Americans each year. But under the President's new BuySecure initiative, the government and the private sector are taking steps to protect American consumers. One of these steps is expanding the use of Chip and PIN technology. Find out what Chip and PIN is all about -- and see who's joining in this effort to make our transactions safer. Kicking off the BuySecure initiative last week, the President signed a new Executive Order that...

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Member News, News

Brewing beer with solar power

Optimizing the use of energy is an ongoing challenge for industrial companies, also for the beverage industry. The Dutch brewery group Heineken is integrating large solar power facilities featuring an area of 7,850 m² of solar collectors based on know-how supplied by the Austrian company AEE for sites in Austria, Spain and Portugal. Large amounts of thermal and electrical energy are required to produce beer. At present this energy is primarily derived from fossil fuels, says Matthäus Hubmann of the...

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Internet Monitoring in the Workplace – A Short Guide to the EU

Unrestricted use of email, social media and file hosting services can have damaging effects on employers’ reputation and business. Bullying, discrimination, defamation, virus exposure, lost productivity and transferring confidential information and trade secrets are just some of the issues that can arise from misuse of telephone, email and Internet at work. Monitoring workers’ use of communication systems or their surveillance by CCTV may seem like a good way to protect business interests. However, this must be balanced with, and not...

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