05 May
Chapter News

ECB partners with private sector through digital euro innovation platform

ECB establishes an innovation platform with around 70 market participants on new platform Participants to test digital euro payment functionalities and explore innovative use cases Findings to be shared in report later this year The European Central Bank (ECB) has established an innovation platform to collaborate with European stakeholders in the context of the digital euro project. almost 70 market participants – including merchants, fintech companies, start-ups, banks and other payment service providers – have signed up to work with the ECB...

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05 May
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Tariffs and US ports, the drop in diesel prices, the outlook for air cargo, hurting healthcare supply chains, and the importance of an Importer of Record (IOR).

U.S. container imports from China have dropped sharply due to steep tariffs, especially the 145% China-specific rate. Ports like Los Angeles and Long Beach, which heavily rely on Chinese goods, face major volume losses. China’s share in imports such as electronics, plastics, toys, and furniture is high, and no other sourcing countries can match the lost volume. Analysts are warning the decline will hurt local jobs and port economies. Despite signals that large retailers may resume some sourcing from China, policy...

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05 May
Member News

PwC | Our Take Special Edition: PwC’s Financial Services Update

The first 100 days of the second Trump Administration In its first 100 days, the second Trump Administration has made substantial strides in reshaping financial regulation around a deregulatory, pro-innovation agenda. While the deregulatory posture is familiar from the Administration’s first term, the current approach reflects a more systematic and coordinated strategy, supported by aligned leadership across the regulatory agencies, a unified Congress and a judiciary increasingly skeptical of agency discretion. Each of these institutions has played a role in...

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02 May
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Tariff Pause & Market Ripples: How Commercial Real Estate is Navigating Trade Uncertainty

By Rachel Szymanski, Chief Economist, Trepp Significant back-and-forth on tariffs has led to unprecedented trade policy uncertainty and large swings in asset prices. While there is now a 90-day pause on some tariffs, others remain in place. This reprieve offers some relief, but the uncertainty itself has substantial effects on behavior, where market participants may delay economic decisions and take risk mitigation measures. This blog outlines the ripple effects of uncertainty throughout the economy and the implications for commercial real estate...

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02 May
Chapter News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | The implications of US-China trade tensions for the euro area – lessons from the tariffs imposed by the first Trump Administration

By Vanessa Gunnella, Giovanni Stamato and Alicja Kobayashi Published as part of the ECB Economic Bulletin, Issue 3/2025. This box examines how the tariffs that the United States introduced on Chinese products in 2018 influenced euro area trade patterns. It looks at whether euro area exporters were able to gain market share in the United States as their competitiveness increased vis-à-vis their Chinese counterparts. It also assesses how Chinese export patterns changed, highlighting how Chinese exports were diverted from the United States...

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02 May
Chapter News

ECB | Who wants to work more? Revisiting the decline in average hours worked

By Clémence Berson and Marco Weissler Published as part of the ECB Economic Bulletin, Issue 3/2025. In most euro area countries, average hours worked (AHW) per employee have been falling since 2020 and remain below their pre-pandemic levels. The decline was particularly strong in 2020 owing to policy measures to reduce the spread of COVID-19. National accounts data show that, in the fourth quarter of 2024, AHW were still 1.8% lower than a decade before (Chart A) despite the proportion of part-time workers...

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02 May
Member News

Vulcan View: The latest EU developments 28 April – 2 May

Sixteen EU countries trigger ‘escape clause’ for defence spending On Wednesday, 30 April, sixteen European Union member states announced their intention to use the ‘national escape clause’ – a special budget flexibility rule- to ramp up defence spending prompted by Russia’s ongoing war in Ukraine and the heightened security threat across Europe, these countries are seeking permission to invest more in their military capabilities without immediately breaching the EU’s strict fiscal guidelines. On the same day, the European Commission announced that it had already received formal...

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02 May
Member News

NAL Research and VectorNav Technologies Collaborate to Develop a Solution for GNSS/GPS-Denied Environments

The combined offering will pair VectorNav’s Inertial Navigation Systems with NAL Research’s Iridium STL® satellite receivers, leveraging signals 1,000 times stronger than GPS. MANASSAS, VA and DALLAS, TX – April 30, 2025 – NAL Research and VectorNav Technologies, two U.S.-based leaders in assured position, navigation, and timing (APNT) solutions, announced today a joint development to produce Iridium® STL (Satellite Time & Location)-aided Inertial Navigation Systems (INS) designed to meet the increasing demand for resilient PNT in GNSS-denied environments. Both companies will...

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02 May
Member News

Eversheds Sutherland | Keith Froud – Eversheds Sutherland’s new Global Co-CEO and International Chief Executive takes office

Eversheds Sutherland (International) is pleased to confirm that Keith Froud has now succeeded Lee Ranson as the firm’s Global Co-CEO and International Chief Executive. Keith’s election in September 2024 was uncontested and he begins his four year term today, 1 May 2025. Keith Froud comments, “I am proud to have succeeded Lee Ranson as Chief Executive of Eversheds Sutherland (International) today. Building on the firm’s strong trajectory, my ambition is to create even greater success for our clients and our people. I am also pleased...

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02 May
Chapter News

Office of the US Trade Representative | United States and European Union Hold Seventh Joint Committee Meeting under the Bilateral Agreement on Prudential Measures Regarding Insurance and Reinsurance

WASHINGTON — On the 29th of April, the Office of the United States Trade Representative, together with the United States Department of the Treasury, hosted representatives of the European Commission in Washington for the seventh meeting of the Joint Committee established under the 2017 U.S.-EU Agreement on Prudential Measures Regarding Insurance and Reinsurance (“the Agreement”). The Agreement is a “covered agreement” under the Dodd-Frank Act for the United States and is an agreement under Articles 114 and 218 of the...

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