News | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources

20 Jul

Opinion: Banking Must Pursue the Holy Grail of Confidence

Posted by EACCNY
July 20, 2013

By Sir Evelyn de Rothschild The single most important commodity traded in the City of London is confidence. The public, bankers and the markets need to believe that the UK will continue to be a global financial centre. They must have trust in the quality, ethics and skills of its bankers. And they must believe in the wisdom and careful regulation of its government. Without confidence, it will be impossible to achieve the “twin challenges of engineering a recovery and reforming...

19 Jul

Chapter News, News

Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

Posted by EACCNY
July 19, 2013

July 2013 Economic, monetary and financial situation Agreement on the operating procedures for an exchange rate mechanism in Stage Three of Economic and Monetary Union On 21 June 2013 the European Central Bank and the national central banks of the Member States whose currency is not the euro signed an agreement amending the Agreement of 16 March 2006 between the European Central Bank and the national central banks of the Member States outside the euro area laying down the operating procedures for an exchange...

19 Jul

Chapter News, News

French (& German) Government Support for Big Data

Posted by EACCNY
July 19, 2013

On July 4, 2013, Ms. Fleur Pellerin, Minister Delegate for SMEs, Innovation and the Digital Economy, unveiled the French government’s five-part support plan for Big Data. A five-part support plan The five parts of the plan involve: introducing data-scientist educational programs; setting up a technology center to give startups access to databases and web archives; boosting finance for innovation through a new seed capital fund for Big Data; creating flagship projects in the field; and utilizing social networks both at local...

18 Jul

Chapter News, News

Do You Want to have a Science Rockstar Moment?

Posted by EACCNY
July 18, 2013

If you are a researcher currently based in North America (US and Canada), enter the competition by posting a video featuring your science slam on our LinkedIn site, or upload it on YouTube or DropBox and send the link directly to northamerica@euraxess.net before 10 September 2013. Up to 7 entries will be invited to join the EURAXESS Science Slam North America 2013 finals to be held on the campus of the American University in Washington, DC on 24 September 2013. The...

18 Jul

Chapter News, News

EU and the US extend Scientific Co-operation on Standards & Measurements

Posted by EACCNY
July 18, 2013

Lowered tariffs and harmonised standards – this is where the real savings for businesses and consumers will be achieved in the future free trade agreement between the EU and the US. To help reach the goal of having compatible standards across the both sides of the Atlantic, the European Commission’s Joint Research Centre (JRC) and the US National Institute of Standards and Technology (NIST) today agreed to expand their current scientific co-operation to 10 different areas. The trade and investment...

17 Jul

Member News, News

OECD Economic Survey Gives Austria Good Marks

Posted by EACCNY
July 17, 2013

At the beginning of July the Organization for Economic Cooperation and Development (OECD) published its individual country report on Austria (“Economic Survey Austria 2013“) which generally appears every two years. The report attests that the Austrian economy continues to show remarkable economic performances whereas at the same time a high level of social cooperation remains. This strength is based on three cornerstones: A successful competitive export-oriented economy with companies who have understood how to exploit the advantages of European integration...

17 Jul

Chapter News, News

Speech by Michel Barnier: Time for a new Transatlantic Partnership

Posted by EACCNY
July 17, 2013

European Commissioner for Internal Market and Services Michel Barnier - Speech at the Transatlantic Policy Network -- Washington, 16 July 2013 Some people must have looked at the launch of the TTIP negotiations last week like an aircraft taking off against a strong headwind. I can’t deny that negotiations will be tough. There are discussions about which topics should stay off the table. There will be other sticking points in the coming months. But let’s not lose sight of the broader picture....

16 Jul

Chapter News, News

TTIP in Brief: Fact Sheet Available for Download

Posted by EACCNY
July 17, 2013

The first round of Transatlantic Trade and Investment Partnership (TTIP) negotiations kicked off last Monday in Washington, DC. The EU-U.S. transatlantic economy represents the largest economic relationship in the world, accounting for nearly 30 percent of global merchandise trade, about 40 percent of world trade in services, and nearly half of global GDP. In 2011, European investment in the U.S. accounted for 70 percent of total FDI in the United States, and Europe’s investment ows to the U.S. were...

15 Jul

Chapter News, News

Interdependent swaps markets need interactive cross-border rules

Posted by EACCNY
July 15, 2013

SPEECH BY Michel BARNIER, European Commissioner for the Internal Market and Services on Interdependent swaps markets need interactive cross-border rules at Brookings Institution - Restoring Momentum in Transatlantic Cooperation on Financial Reform // Washington DC, 15 July 2013 Ladies and gentlemen, I would like to thank both the Global Financial Markets Association and the Brookings Institution for inviting me to speak bright and early on a Monday morning. The ancient Mesopotamians invented derivatives, or ‘swaps’ as you call them here in the...

15 Jul

Member News, News

Pepper Hamilton Client Alert: New York City Council Enacts Paid Sick Time Law; Employees Now Entitled to Paid Sick Time from Certain Employers

Posted by EACCNY
July 15, 2013

On June 26, 2013, New York City joined the growing list of jurisdictions requiring employers to give workers paid sick time. The Earned Sick Time Act - enacted after the City Council's decision to overrule Mayor Bloomberg's veto earlier this month - allows employees to earn a minimum amount of paid sick time from businesses that employ at least 20 employees. After the first 18 months, the act will expand its coverage to employers with 15 or more employees and...

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