20 Mar
Member News, News

Protectionism Threatens Cross-Border Trade

Text by EACCNY member Salesupply, Global Express Association. Research by Global Express Association. Cross-border commerce: Facilitation customs procedures could increase trade volumes on average by 4,4 percent. The trend of global e-commerce growth is threatened by national governments increasingly engaging in protectionist measures in order to protect their home economies, warns the Global Express Association, the trade body representing DHL, FedEx, TNT and UPS in a new report. The organization suggests that easing customs procedures and facilitating the cross- border movement of...

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20 Mar
Member News

New York MetLife Offices Moving Under One Roof

Starting in December of next year, MetLife will begin to rein its New York City operations into its namesake tower at 200 Park Avenue. The insurance giant just penned a 12-year lease for about 550,000 square-feet at the 58-story, class-A building. This lease is a significant expansion from the 110,400 square-feet MetLife currently occupies. Barclays will be giving up a few floors in the tower as it signed the space initially leased until July 2017 back to owner Tishman Speyer. The relocation means...

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18 Mar
Chapter News, News

Combatting corporate tax avoidance: Commission presents Tax Transparency Package

Brussels, 18 March 2015 -- The European Commission today presented a package of tax transparency measures as part of its ambitious agenda to tackle corporate tax avoidance and harmful tax competition in the EU. A key element of this Tax Transparency Package is a proposal to introduce the automatic exchange of information between Member States on their tax rulings. Corporate tax avoidance is thought to deprive EU Member States’ public budgets of billions of euros a year. It also undermines...

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17 Mar
Member News, News

Missouri’s Largest Hospital Selects EACCNY member Sixième Son for New Audio Identity

CHICAGO and ST. LOUIS, Mo., – Audio branding continues to make waves in the marketing world in categories ranging from automotive to shopping malls and, most recently, in the hospital sector. Barnes-Jewish Hospital in St. Louis, Mo., has selected Sixième Son USA to create its audio identity, including a custom-tailored audio DNA and audio logo. The distinctive music will be adapted to videos and commercials as well as customer service lines. “We are pleased to collaborate with the hospital in helping...

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17 Mar
Chapter News, News

TTIP On Track

There are differences. If there weren't there wouldn't be a negotiation. And this certainly is a negotiation. Which means that it's following the pattern of a negotiation. And that pattern is that you don't solve everything at the beginning and you leave the hard things for the end. For any diligent student that's a bit counter-intuitive. But we know it's the way things work. And it makes our task very clear." -  Cecilia Malmström Commissioner Malmström gave remarks on the...

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13 Mar
Chapter News, News

Overhaul of EU Sustainability Rules Could Boost Economy $318 Billion

The World Wildlife Federation (WWF) this week published a major report calling on the European Commission to deliver widespread reforms to the region's environmental and climate change policies, arguing that without drastic action, escalating climate and biodiversity risks will wreak havoc across the economy. The report, "From crisis to opportunity: Five steps to sustainable European economies", draws on more than 400 separate studies from the likes of the U.N., the OECD, the World Bank, McKinsey, Lord Stern and the EU...

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10 Mar
Chapter News, News

The State of the Environment Is Improving!

One of the things the EU does best is coordinating policies that do not respect national boundaries. A report released March 3 by the EU’s European Environment Agency says that over the past five years, EU citizens have benefited from cleaner air and water, sent less waste to landfills, and recycled more, thanks to a coordinated EU environment policy. However, the report warns that the EU still faces risks of environmental deterioration in the next five years and beyond that...

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10 Mar
Chapter News, News

EU Finance Ministers agree Regulation for Commission’s Investment Plan fund

At today's ECOFIN Council, EU Finance Ministers agreed on the Regulation to set up the European Fund for Strategic Investments (EFSI), which will be at the heart of the Commission's €315 billion Investment Plan for Europe. The decision clears a major hurdle on the path to matching ample liquidity reserves with potential investment projects. European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, welcomed the news: "I congratulate the Latvian Presidency for their speedy and skilful steering...

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10 Mar
Chapter News, News

EU MEPs put an end to opaque card payment fees

The fees that banks charge retailers to process shoppers’ payments will be capped, under uniform EU-wide rules, further to a vote in Parliament on Tuesday. The cap, which will apply to both cross-border and domestic card-based payments, should result in lower costs for card users. "This legislation, combined with the upcoming Payment Services Directive, will establish a level playing field for payments across Europe. It should enhance fee transparency, stimulate competition and enable both retailers and users to choose...

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09 Mar
Member News, News

Connecticut Office Seeks Refinancing

Hines, Warren Private Clients, and Willett Companies are shopping for an $85 million floating-rate mortgage on their Class A office building 33 Benedict Place, which is located in downtown Greenwich, Connecticut. The new loan on the 119,344 square-foot space is intended to be used to payoff the current $70 million interest-only mortgage. The group of owners purchased the building from Unilever in 2005 for $87.5 million, and marketed the location for sale at around $140 million ($1,094 per square-foot) this past October without...

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