Once a minor component of Operational Risk, Technology Risk and its related impacts are dominant in the global risk mosaic - affecting individuals, enterprises, governments and society. Information and Communications Technology (ICT) risk embodies a complex, vulnerable Enterprise Eco-system of digital elements (operating within their larger risk-laden Industry Eco-system) than has been considered in traditional Cyber Security analyses. The coming decade will see risk from an expansive portfolio of technologies that includes: Core technologies that create, manipulate, process, store,...

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To improve the quantity and quality of EU forests Forests are essential for our health and wellbeing, and the health of the planet. They are rich in biodiversity and are hugely important in the fight against climate change. The new EU forest strategy for 2030 is one of the flagship initiatives of the European Green Deal and builds on the EU biodiversity strategy for 2030. The strategy will contribute to achieving the EU’s biodiversity objectives as well as greenhouse gas emission reduction target of at...

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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...

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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...

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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...

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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...

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