Chapter News

IMF | Foreign Direct Investment Increased to a Record $41 Trillion

India, Mexico, Brazil, and some other major emerging economies recorded strong growth, while the United States continued to extend its lead as the top destination for direct investment Global foreign direct investment grew again in 2023 after declining the previous year. Inward direct investment climbed $1.75 trillion, or 4.4 percent, reaching a record $41 trillion, according to the IMF’s latest Coordinated Direct Investment Survey, which provides detailed information on direct investment positions between countries. FDI rose in most regions, with Central and...

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Chapter News

The Financial Stability Board appoints new members to its Taskforce on Legal, Regulatory and Supervisory matters

The LRS Taskforce in its new composition will continue to provide a forum for engagement between public- and private-sector experts to support the G20 Roadmap for enhancing cross-border payments. The Financial Stability Board has renewed the composition of its Taskforce on Legal, Regulatory, and Supervisory matters (LRS Taskforce). The Taskforce aims to strengthen collaboration between the public sector and senior managers from the private sector to support the G20 Roadmap for enhancing cross-border payments. Following a public call for nominations for senior private-sector...

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Member News

Vulcan View: The latest EU developments 17 February – 21 February

EU faces defence spending dilemma as US support wavers  European leaders are confronting a pressing dilemma: how to fund a significant surge in defence spending amid rising security threats and waning U.S. military support. With the U.S. signalling potential cuts to aid for Ukraine and President Trump urging European nations to allocate 5% of their GDP to defence, the EU must find ways to mobilise an estimated €500 billion in additional defence investments over the next decade. Policymakers are now exploring options such...

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Chapter News

ECB | Striking the right balance: the ECB’s balance sheet and its implications for monetary policy

Speech by Piero Cipollone, Member of the Executive Board of the ECB, at an MNI Connect webcast Today I would like to discuss the ECB’s balance sheet and its implications for our monetary policy. In recent years, the monetary policy debate has mainly focused on our interest rate decisions. This is for good reason. In response to the biggest inflation shock in a generation, we embarked on the fastest tightening of monetary policy in the ECB’s history through rate hikes. During this...

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Chapter News

IMF | Rising Rates May Trigger Financial Instability, Complicating Fight Against Inflation

Banking systems are largely insulated from inflation, but vulnerabilities at some banks could lead to tradeoffs between containing inflation and protecting financial stability Before the pandemic, investors worried about how persistently low inflation and interest rates would crimp bank profits. Paradoxically, they also worried about bank profitability when post-COVID reopening sent inflation and central bank interest rates soaring. The failure of Silicon Valley Bank and other US lenders in early 2023 appeared to validate these fears. Our new research on the relationship...

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Chapter News

EIB Investment Survey 2024 – Insights into how companies across the EU are navigating key challenges

Each year, the EIB Investment Survey provides a snapshot of the issues facing EU firms and their ability to invest and grow their business. While the survey looks at trends across the European Union, it also hones in on individual countries and provides detailed information on how companies are weathering challenges such as tighter financial conditions, the demands of climate change, and the need to innovate and improve digitalisation amidst growing uncertainty. Highlights of the results for individual countries include: Digitalisation...

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Member News, Trade & TTIP Related

GDLSK | Administration Issues List of Steel and Aluminum “Derivative” Products Subject to 25% Additional Tariff, Impacting Numerous Downstream Products

By Erik Smithweiss and Sarah Raymond On February 14, 2025, the Trump administration released the list of “derivative” products that will be subject to the 25% steel and aluminum tariffs under Section 232. The notices are scheduled to be published in the Federal Register notice on Tuesday, February 18, 2025. The specific HTS subheadings are available here (steel) and here (aluminum). The steel and aluminum derivative tariffs will impact a broad range of downstream products, including the following: – Nearly all of...

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Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar: The Trouble with Tarriffs

In this week’s Roar: Expediting imports, declining freight rates, the off-again on-again de minimis exemption, Mexico’s tariffs plans, and the costs of changing trade policies. Heightened concerns over increased US-China trade tensions (even compared to just a few weeks ago) are prompting shippers to further frontload their imports. They’re hoping to mitigate some of the impact of anticipated tariffs. This could mean that the usual seasonal lull in container volumes after the Lunar New Year are diminished and that Trans-Pacific...

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Member News

Vulcan Consulting | The First Work Programme of the von der Leyen II Commission: a Rocky Start?

On Wednesday (12 February), the European Commission unveiled its long-awaited 2025 Work Programme, setting its political and legislative priorities for the year ahead. The programme places simplification at its core, aiming to make EU rules more effective, reduce bureaucracy, and boost competitiveness—key in a context of economic, industrial, and geopolitical challenges. The 2025 Work Programme follows an implementation and simplification agenda, which aims to reduce administrative burdens -including the different Omnibus packages. It places a strong focus on industrial decarbonisation and simplifying regulations for...

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Member News

Troutman Pepper Locke | Copyright Office Advises on Copyrightability of Generative AI Works

On January 29, the U.S. Copyright Office published the second part of a planned three-part report on copyright and artificial intelligence (AI), this time focused on the question of copyrightability for AI-generated creative works. The first part, published in July 2024, explored the legality of so-called digital replicas of individuals’ likenesses, or “deepfakes.” The report is the product of a sweeping new initiative on AI launched by the Copyright Office in 2023 in response to the first crop of copyright registrations for...

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