Air temperature at a height of two metres for 2020, shown relative to its 1981–2010 average. Source: ERA5. Credit: Copernicus Climate Change Service/ECMWF
Latest data released by the Copernicus Climate Change Service show that globally 2020 was on par with the warmest year ever recorded, marking the end of the warmest decade on record, while CO2 concentrations continue to rise.
The Copernicus Climate Change Service (C3S) today reveals that globally 2020 was tied with the previous warmest year 2016, making it the sixth in...
The currencies that are being held by central banks as foreign exchange reserves have remained largely steady over decades. Changes in the composition of these holdings can, at best, be described as glacial in pace. But geopolitical shifts and technological revolutions are reshaping the global economy and the international use of currencies. These forces, and the fallout from the COVID-19 pandemic, could further accelerate the transformations in the reserve holdings of central banks.
'Financial links seem to be a key driver...
The European American Chamber of Commerce® hosts a wide variety of events, from in depth macro economic, legal and financial panel discussions featuring industry leaders, to smaller round table discussions on matters that directly affect individual small and medium size business.
Our educational seminars, roundtables, panel-discussions and conferences are designed to educate our membership and the Tri-State region business community on matters relevant to both the US & European business communities. They provide a platform to exchange ideas and network...
The board of the European Investment Bank (EIB) today agreed a new energy lending policy and confirmed the EIB’s increased ambition in climate action and environmental sustainability.
“Climate is the top issue on the political agenda of our time,” said EIB President Werner Hoyer. “Scientists estimate that we are currently heading for 3-4°C of temperature increase by the end of the century. If that happens, large portions of our planet will become uninhabitable, with disastrous consequences for people around the...
By Amy Chin, Executive Director, Tempus FX
The U.S. Dollar remained in tight ranges over the long weekend here in America as global markets are in dull wait-to-see mode. With earnings already reported and central bank action coming with no major changes, all eyes will be focused on trade headlines and any change in tension in places like Hong Kong and London with a lot at stake. Without definite details, expect quiet with reaction to any developments.
There will be data...
Another tumultuous week in Westminster
In case there was any doubt, the resumption of business in the House of Commons this week was anything but normal. Boris Johnson’s debut as Prime Minister was marked with defeat in all three Brexit votes, leading to the rapid loss of his working majority. Keep reading
Dublin braces for Brexit damage
Events in Westminster this week have dominated the political agenda in Dublin as the government ramps up its preparations for a No Deal Brexit. The Irish...
Publication by Eurofound, June 4, 2019
There have been wage increases for minimum and low-wage earners in most EU Member States, with rises in statutory minimum wages in almost all countries since January 2018; including significant increases in Lithuania, Spain, Greece and low-wage newer Member States. While these increases are welcomed as good news for minimum wage workers, Eurofound’s research shows workers may not automatically feel the positive impacts of these changes in terms of income and reductions in wage...
Brussels, 20 May 2019
Goods imported and exported by the European Union (EU) can be invoiced in a range of currencies. In 2018, the euro was the most used currency for EU exports with a share of 48% of the total value of goods exported to non-EU countries and a share of 35% invoiced in US dollars. The picture was reversed for imports, with 56% of imports paid in US dollars and around a third in euros (35%). For total trade...
Press Release, 5/14/2019
The EU will soon have in place simplified rules for non-financial counterparties, small financial counterparties and pension funds using financial derivative products.
The Council today adopted a regulation improving the existing regulatory framework applying to the over-the-counter (OTC) derivative market.
The European Market Infrastructure Regulation (EMIR), adopted in 2012, forms part of the European regulatory response to the financial crisis, and specifically addresses the problems encountered in the functioning of the OTC derivatives market during the 2007-2008 financial crisis.
Brussels, 30 April 2019
Ahead of the meeting of EU27 leaders in Sibiu, Romania, on 9 May 2019, the European Commission is today setting out a number of policy recommendations for how Europe can shape its future in an increasingly multipolar and uncertain world.
With the European Parliament elections on 23-26 May 2019 and the change of political leadership of the EU institutions that will follow, the time has come for new policy orientations and new priorities. As both the priorities...