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

The EACC provides its members with access to transatlantic business opportunities and information, resources and support on matters affecting transatlantic business activities.

## Sitemaps

- [XML Sitemap](https://eaccny.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [Russia’s war of aggression against Ukraine: EU adopts 11th package of economic and individual sanctions](https://eaccny.com/news/chapternews/russias-war-of-aggression-against-ukraine-eu-adopts-11th-package-of-economic-and-individual-sanctions/) - The Council adopted today an eleventh package of economic and individual restrictive measures intended to strengthen existing EU sanctions and crack down on their circumvention, thereby further eroding Putin's war machine and his revenues.
- [Vulcan Insight | EU Commission publishes first European Economic Security Strategy](https://eaccny.com/news/member-news/commission-publishes-first-european-economic-security-strategy/) - In an attempt to provide the EU with a more comprehensive approach to economic risks, the European Commission has published its first European Economic Security Strategy.
- [HSBC UK | Recycled cards: a more sustainable way to pay](https://eaccny.com/news/member-news/hsbc-uk-recycled-cards-a-more-sustainable-way-to-pay/) - HSBC now issue recycled plastic (rPVC) payment cards and will phase out single-use PVC cards by the end of 2026.
- [ECB Speech | Christine Lagarde: Remarks at the Summit for a new global financing pact](https://eaccny.com/news/chapternews/ecb-speech-christine-lagarde-remarks-at-the-summit-for-a-new-global-financing-pact/) - Speech by Christine Lagarde, President of the ECB, at the Summit for a new global financing pact in Paris | Paris, 23 June 2023 |
- [IMF | Trade and Technology's Intersecting Paths](https://eaccny.com/news/chapternews/imf-trade-and-technologys-intersecting-paths/) - Technological change is exciting and scary, empowering us to do more with less work while fueling fears of being replaced. Although it drives economic growth and progress, those who fall behind risk losing their livelihoods.
- [Littler | Will the Dutch Government Ban Non-compete Clauses?](https://eaccny.com/news/member-news/littler-will-the-dutch-government-ban-non-compete-clauses/) - In a recent letter to the Netherlands’ House of Representatives, Minister Van Gennip announced a proposed reform of non-compete clauses, including non-solicitation clauses. It is clear through these proposed amendments that the government wants to limit the use of such clauses.
- [OECD Forum on Tax Administration launches peer-to-peer support for developing countries on the implementation of the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy](https://eaccny.com/news/chapternews/oecd-forum-on-tax-administration-launches-peer-to-peer-support-for-developing-countries-on-the-implementation-of-the-two-pillar-solution-to-address-the-tax-challenges-arising-from-the-digitalisation-o/) - The OECD's Forum on Tax Administration (FTA) Pillar Knowledge Sharing Network held its first virtual meeting of what will be a series of peer-to-peer knowledge-sharing events where experts from tax administrations in 'early implementer' jurisdictions will offer high-level practical advice and share lessons learned on administrative and implementation aspects of the Two-Pillar Solution.
- [Osborne Clarke | EU consumer group calls for ban on food climate-neutral claims](https://eaccny.com/news/member-news/osborne-clarke-eu-consumer-group-calls-for-ban-on-food-climate-neutral-claims/) - The European Consumer Organisation (BEUC) has called for the EU to ban the use of carbon-neutral claims, such as "carbon neutral", "CO2 neutral" or "climate neutral", on all food and drink products.
- [CLA | US Congress Turning Attention on Hospitals](https://eaccny.com/news/member-news/cla-us-congress-turning-attention-on-hospitals/) - Even though some hospitals and health systems are still recovering financially from the pandemic, they are nonetheless attracting the eye of Congress.
- [International use of the euro was resilient in 2022](https://eaccny.com/news/chapternews/international-use-of-the-euro-was-resilient-in-2022/) - The international role of the euro was resilient in 2022, with its share across various indicators of international currency use averaging close to 20%.
- [Ogletree | New York State Assembly Passes Non-Compete Bill](https://eaccny.com/news/member-news/ogletree-new-york-state-assembly-passes-non-compete-bill/) - On June 20, 2023, the New York State Assembly approved one of two bills concerning non-compete agreements that the New York State Senate just recently passed.
- [EU budget: EU Commission proposes to reinforce long-term EU budget to face most urgent challenges](https://eaccny.com/news/chapternews/eu-budget-eu-commission-proposes-to-reinforce-long-term-eu-budget-to-face-most-urgent-challenges/) - The European Union (EU) has faced a series of unprecedented and unexpected challenges since the adoption of the Multiannual Financial Framework (MFF) in 2020.
- [ECB | More digital, more productive? Evidence from European firms](https://eaccny.com/news/chapternews/ecb-more-digital-more-productive-evidence-from-european-firms/) - Digitalisation has boosted some European firms’ productivity, but many are still on the digital sidelines. That is a pity as faster digital adoption could make our economies much more productive. This ECB Blog post looks at where and how digitalisation can be a gamechanger.
- [An EU approach to enhance economic security, Updated on 20 June 2023](https://eaccny.com/news/chapternews/an-eu-approach-to-enhance-economic-security-updated-on-20-june-2023/) - The European Commission and the High Representative today published a Joint Communication on a European Economic Security Strategy.
- [Offit Kurman | Foreign-Owned U.S. Entities Have Until June 30, 2023 To File Form BE-12 With The Bureau of Economic Analysis](https://eaccny.com/news/member-news/offit-kurman-foreign-owned-u-s-entities-have-until-june-30-2023-to-file-form-be-12-with-the-bureau-of-economic-analysis/) - This year, the Bureau of Economic Analysis (“BEA”) of the U.S. Department of Commerce is conducting a mandatory five-year survey on foreign investments in the United States for fiscal years ending in 2022.
- [IPTI | Update on U.S. & EU Property Tax Issues: June 2023](https://eaccny.com/news/member-news/ipti-update-on-u-s-eu-property-tax-issues-june-2023/) - The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together below a selection of articles from IPTI Xtracts; more articles can be found on its website (www.ipti.org).
- [ECB Speech | Isabel Schnabel: The risks of stubborn inflation](https://eaccny.com/news/chapternews/ecb-speech-isabel-schnabel-the-risks-of-stubborn-inflation/) - Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Euro50 Group conference on “New challenges for the Economic and Monetary Union in the post-crisis environment”
- [Fair and simple taxation: better withholding tax procedures will boost cross-border investment and help fight tax abuse](https://eaccny.com/news/chapternews/fair-and-simple-taxation-better-withholding-tax-procedures-will-boost-cross-border-investment-and-help-fight-tax-abuse/) - The European Commission has today proposed new rules to make withholding tax procedures in the EU more efficient and secure for investors, financial intermediaries (e.g. banks) and Member State tax administrations
- [Foley Hoag | Stand and Deliver: Dispute Boards and Other Mechanisms to Manage Life Sciences Disputes in Real Time](https://eaccny.com/news/foley-hoag-stand-and-deliver-dispute-boards-and-other-mechanisms-to-manage-life-sciences-disputes-in-real-time/)
- [Jaguar Freight | When You Cherry-Pick the Data](https://eaccny.com/news/jaguar-freight-when-you-cherry-pick-the-data/)
- [Troutman Pepper Locke | Polysilicon Under Pressure: New Section 232 Tariffs Reshape Solar and Semiconductor Supply Chains](https://eaccny.com/news/troutman-pepper-locke-polysilicon-under-pressure-new-section-232-tariffs-reshape-solar-and-semiconductor-supply-chains/)
- [DFC | Announcement of Financing for Madagascar Rare Earths Project](https://eaccny.com/news/dfc-announcement-of-financing-for-madagascar-rare-earths-project/)
- [VRC | European Private Market Trends: Q2 2026 Direct Lending & Private Equity Update](https://eaccny.com/news/vrc-european-private-market-trends-q2-2026-direct-lending-private-equity-update/)
- [CLA | IEEPA Tariff Refunds: 4 Common Tax Reporting Issues](https://eaccny.com/news/cla-ieepa-tariff-refunds-4-common-tax-reporting-issues/)
- [Offit Kurman | The Earnout Trap: Hidden Post-Closing Risks in M&A Transactions](https://eaccny.com/news/offit-kurman-the-earnout-trap-hidden-post-closing-risks-in-ma-transactions/)
- [NautaDutilh | The Digital Omnibus: What Changed, What Survived and What Remains Open?](https://eaccny.com/news/nautadutilh-the-digital-omnibus-what-changed-what-survived-and-what-remains-open/)
- [UN Joint SDG Fund | Small Businesses, Big Impact: Five Ways the UN is Helping MSMEs Drive Sustainable Development](https://eaccny.com/news/un-joint-sdg-fund-small-businesses-big-impact-five-ways-the-un-is-helping-msmes-drive-sustainable-development/)
- [New York State Governor | Empire AI Beta Fully Online as Federal Government Takes Inspiration From New York to Launch State and Regional AI Infrastructure Hubs](https://eaccny.com/news/new-york-state-governor-empire-ai-beta-fully-online-as-federal-government-takes-inspiration-from-new-york-to-launch-state-and-regional-ai-infrastructure-hubs/)
- [Loyens & Loeff | EU Tax Alert - Edition 216](https://eaccny.com/uncategorized/loyens-loeff-eu-tax-alert-216/)
- [PKF O'Connor Davies | Go Boldly Into New Markets: Worldwide Tax Guide 2026/27](https://eaccny.com/news/pkf-oconnor-davies-go-boldly-into-new-markets-worldwide-tax-guide-2026-27/)
- [ECB | From Well to Pump: How Fuel Prices are Formed](https://eaccny.com/news/ecb-from-well-to-pump-how-fuel-prices-are-formed/)
- [Ogletree Deakins | Pay Transparency Compliance Underway Across the EU](https://eaccny.com/news/ogletree-deakins-pay-transparency-compliance-underway-across-the-eu/)
- [Curl Translations | Trends in Immigration to Spain](https://eaccny.com/news/curl-translations-trends-in-immigration-to-spain/)
- [Osborne Clarke | European Courts and Regulators Target the Intersection of Regulatory and Patent Trends in the Life Sciences](https://eaccny.com/news/osborne-clarke-european-courts-and-regulators-target-the-intersection-of-regulatory-and-patent-trends-in-the-life-sciences/)
- [LBBW | The Fiscal Consequences of AI](https://eaccny.com/news/lbbw-the-fiscal-consequences-of-ai/)
- [Reavis Page Jump | $15 Million Verdict Against Nike Serves as Reminder That Workplace Discrimination Comes at a Steep Price for Employers](https://eaccny.com/news/reavis-page-jump-15-million-verdict-against-nike-serves-as-reminder-that-workplace-discrimination-comes-at-a-steep-price-for-employers/)
- [OECD | Headline Inflation Eased to 4.2% in June 2026, Reflecting a Temporary Decline in Energy Inflation](https://eaccny.com/news/oecd-headline-inflation-eased-to-4-2-in-june-2026-reflecting-a-temporary-decline-in-energy-inflation/)
- [European Commission | Safer and More Transparent AI](https://eaccny.com/news/european-commission-safer-and-more-transparent-ai/)
- [Jaguar Freight | Protecting America’s Surf and Turf](https://eaccny.com/news/jaguar-freight-protecting-americas-surf-and-turf/)
- [Littler | State and Local Governments Battle Over Who’s the Boss of Legislating the Workplace](https://eaccny.com/news/littler-state-and-local-governments-battle-over-whos-the-boss-of-legislating-the-workplace/)
- [Manay CPA | Can Your Small Business Deduct Inventory When You Buy It?](https://eaccny.com/news/manay-cpa-can-your-small-business-deduct-inventory-when-you-buy-it/)
- [Ziemba Insights | State of the Strait: A Reprieve? But Far from a Lasting Agreement](https://eaccny.com/news/ziemba-insights-state-of-the-strait-a-reprieve-but-far-from-a-lasting-agreement/)
- [ITA | Commerce Department Secures Win Following First-Time Duty Evasion Filling with CBP Under Enforcement Law](https://eaccny.com/news/ita-commerce-department-secures-win-following-first-time-duty-evasion-filling-with-cbp-under-enforcement-law/)
- [Bannockburn | Greenback Consolidates after Being Rocked by the US Fed and Japan's Ministry of Finance](https://eaccny.com/news/bannockburn-greenback-consolidates-after-being-rocked-by-the-us-fed-and-japans-ministry-of-finance/)
- [IMF | Rising Global Imbalances Underscore Need to Confront Domestic Distortions](https://eaccny.com/news/imf-rising-global-imbalances-underscore-need-to-confront-domestic-distortions/)
- [ECB | Demand or Supply-Driven? How Firms View Inflation Right Now](https://eaccny.com/news/ecb-demand-or-supply-driven-how-firms-view-inflation-right-now/)
- [Barnes & Thornburg | First Circuit Denies Government’s Request to Stay Decision Striking Down $100,000 H-1B Fee](https://eaccny.com/news/barnes-thornburg-first-circuit-denies-governments-request-to-stay-decision-striking-down-100000-h-1b-fee/)
- [ING | US Import Ban on New Inverters Adds Fresh Pressure to Clean Power Supply Chain](https://eaccny.com/news/ing-us-import-ban-on-new-inverters-adds-fresh-pressure-to-clean-power-supply-chain/)
- [UNCTAD | Global Trade Continues to Expand Amid Rising Price Pressures](https://eaccny.com/news/chapternews/unctad-global-trade-continues-to-expand-amid-rising-price-pressures/)
- [Jaguar Freight | Trade Update: What You Need to Know About the New Section 301 Tariffs](https://eaccny.com/news/member-news/jaguar-freight-trade-update-what-you-need-to-know-about-the-new-section-301-tariffs/)
- [European Commission | Speech by Commissioner Kubilius at “EU Defense Night”](https://eaccny.com/news/european-commission-speech-by-commissioner-kubilius-at-eu-defense-night/)
- [PKF O'Connor Davies | The 2026 FIFA World Cup: Final Whistle. Lingering U.S. Tax Issues](https://eaccny.com/news/pkf-oconnor-davies-the-2026-fifa-world-cup-final-whistle-lingering-u-s-tax-issues/)
- [OECD | The Latest 2026 ODA Projections Reveal Aid for Health is Further at Risk](https://eaccny.com/news/oecd-the-latest-2026-oda-projections-reveal-aid-for-health-is-further-at-risk/)
- [European Commission |  Google Fined €890 Million for Breaches of the Digital Markets Act](https://eaccny.com/news/european-commission-google-fined-e890-million-for-breaches-of-the-digital-markets-act/)
- [Ashurst Perkins Coie | New York's Financial Regulator Turns its Attention to Agentic Commerce](https://eaccny.com/news/ashurst-perkins-coie-new-yorks-financial-regulator-turns-its-attention-to-agentic-commerce/)
- [Gunnercooke | 60 economies, 1 night’s notice](https://eaccny.com/news/gunnercooke-60-economies-1-nights-notice/)
- [Cresa | Manhattan Office Market Report: Leasing Activity and Rent Trends for Q2 2026](https://eaccny.com/news/cresa-manhattan-office-market-report-leasing-activity-and-rent-trends-for-q2-2026/)
- [Jaguar Freight | Just When You Thought Things Might Get Better](https://eaccny.com/news/jaguar-freight-just-when-you-thought-things-might-get-better/)
- [Stephenson Harwood | The "Digital Omnibus" on AI: Ten Key Takeaways](https://eaccny.com/news/stephenson-harwood-the-digital-omnibus-on-ai-ten-key-takeaways/)
- [EIB | Europe Launches €80 Billion Investment Alliance to Scale Up Tech Leaders](https://eaccny.com/news/member-news/eib-europe-launches-e80-billion-investment-alliance-to-scale-up-tech-leaders/) - The EIB Group, together with EU27 governments and private institutional investors, launch second phase of the European Tech Champions Initiative. Building on the success of the first phase, the initiative will create a pan-European investment platform to turn EU tech pioneers into global leaders. AltamarCAM, Azimut Holding, Banco Santander, BBVA, Compagnia di San Paolo, Danske The EIB Group, together with EU27 governments and private institutional investors, launch second phase of the European Tech Champions Initiative.
- [OCO Global | Remembering the 2025 Tariff Wars: What Capital Did Next](https://eaccny.com/news/oco-global-remembering-the-2025-tariff-wars-what-capital-did-next/)
- [Troutman Pepper Locke | Carrots and Sticks: Aluminum Tariff Breaks and Tougher Defense Sourcing Rules](https://eaccny.com/news/troutman-pepper-locke-carrots-and-sticks-aluminum-tariff-breaks-and-tougher-defense-sourcing-rules/)
- [Troutman | Three Strikes: New 50% Tariffs to Hit Certain Canadian Goods — and USMCA Won't Save You](https://eaccny.com/news/member-news/troutman-three-strikes-new-50-tariffs-to-hit-certain-canadian-goods-and-usmca-wont-save-you/) - Key Points On July 20, 2026, President Trump invoked Section 338 of the Tariff Act of 1930 to impose 50% ad valorem tariffs on three categories of Canadian-origin goods — alcohol, dairy, and a broad range of non-automotive products — effective August 19, 2026. Unlike Section 122 of the Trade Act of 1974, Section 338 On July 20, 2026, President Trump invoked Section 338 of the Tariff Act of 1930 to impose 50% ad valorem tariffs on three categories of Canadian-origin goods — alcohol, dairy, and a broad range of non-automotive products — effective August 19, 2026. Unlike Section 122 of the Trade Act of 1974, Section 338 carries no fixed expiration date, leaving these tariffs in effect indefinitely unless the president acts to modify or terminate them. Products otherwise eligible for preferential treatment under the United States-Mexico-Canada Agreement (USMCA) remain fully subject to the additional 50% duty — there is no USMCA carve-out in any of the three Proclamations.
- [ECB | Energy shock: Why Oil and Gas Prices Have Risen Less Than Expected](https://eaccny.com/news/ecb-energy-shock-why-oil-and-gas-prices-have-risen-less-than-expected/)
- [Noerr | Digital Omnibus: AI Is Nearing the Finish Line – Is EU Data Law Heading Down the Wrong Track?](https://eaccny.com/news/noerr-digital-omnibus-ai-is-nearing-the-finish-line-is-eu-data-law-heading-down-the-wrong-track/)
- [PwC | US Tax Policy - House Passes Budget Resolution for Third Reconciliation Bill Without Tax Committee Instructions](https://eaccny.com/news/pwc-us-tax-policy-house-passes-budget-resolution-for-third-reconciliation-bill-without-tax-committee-instructions/)
- [OECD | Corporate Tax Revenues Remain Elevated While Tax Rates Stabilise, According to New OECD Data](https://eaccny.com/news/oecd-corporate-tax-revenues-remain-elevated-while-tax-rates-stabilise-according-to-new-oecd-data/)
- [Thompson Hine | USTR Implements Tariffs in Section 301 Forced Labor Investigations](https://eaccny.com/news/thompson-hine-ustr-implements-tariffs-in-section-301-forced-labor-investigations/)
- [Trepp | The CRE Rundown - The Big Picture (July 24, 2026)](https://eaccny.com/news/trepp-the-cre-rundown-the-big-picture-july-24-2026/)
- [IMF | How Central Banks Can Contain Financial Stability Risks as AI Accelerates Change](https://eaccny.com/news/imf-how-central-banks-can-contain-financial-stability-risks-as-ai-accelerates-change/)
- [Arendt | EBA Publishes ESG-focused Updates to Product Governance and Pillar 3 Disclosure Frameworks](https://eaccny.com/news/arendt-eba-publishes-esg-focused-updates-to-product-governance-and-pillar-3-disclosure-frameworks/)
- [Littler |  The Global Guide on Employment Law Quarterly (Quarter 2, 2026)](https://eaccny.com/news/member-news/littler-the-global-guide-on-employment-law-quarterly-quarter-2-2026/) - The Global Guide Quarterly (GGQ) is a newsletter published by Littler on a quarterly basis to provide high-level and concise coverage of global labor and employment (L&E) law developments in key countries across the Americas, the Asia-Pacific (APAC) region, and Europe, the Middle East, and Africa (EMEA). The GGQ aims to help multinational enterprises stay Belgium: New Working Time Rules and Cap on Notice Periods, Canada: Equal Pay Provisions Effective October 20, 2026, Romania: New Rules on the Access of Foreign Workers to the Romanian Labor Market
- [Bernastic Achieves Major Manufacturing Milestone with First 2,500-Pound Production Run of Next-Gen Sustainable Material](https://eaccny.com/news/member-news/bernastic-achieves-major-manufacturing-milestone-with-first-2500-pound-production-run-of-next-gen-sustainable-material/) - Bernastic, the advanced materials company transforming textile waste into high-performance manufacturing materials, today announced the successful production of its first 2,500-pound run of Bernastic, marking a significant milestone in the company’s journey from research and development to scalable manufacturing. The production run represents years of materials research, formulation refinement, engineering, and testing aimed at solving Bernastic, the advanced materials company transforming textile waste into high-performance manufacturing materials, today announced the successful production of its first 2,500-pound run of Bernastic, marking a significant milestone in the company’s journey from research and development to scalable manufacturing.
- [Campana Schott | Resilience: A conversation with an old friend](https://eaccny.com/news/member-news/campana-schott-resilience-a-conversation-with-an-old-friend/) - Uncertainty is a global public cost — the mirror image of a "global public good." It touches every organization, whether we invite it in or not, and an entire industry of metrics and reports exists just to measure it. The good news: uncertainty doesn't have to mean your business or productivity suffer. As Condoleezza Rice Uncertainty is a global public cost — the mirror image of a "global public good." It touches every organization, whether we invite it in or not, and an entire industry of metrics and reports exists just to measure it. The good news: uncertainty doesn't have to mean your business or productivity suffer. As Condoleezza Rice once recalled her parents telling her, you may not control your circumstances, but you can control your reaction to them.
- [European Commission Publishes Guidelines on Transparency Obligations for Providers and Deployers of Certain AI Systems](https://eaccny.com/news/european-commission-publishes-guidelines-on-transparency-obligations-for-providers-and-deployers-of-certain-ai-systems/)
- [Jaguar Freight | The Weekly Roar - July 20, 2026](https://eaccny.com/news/jaguar-freight-the-weekly-roar-july-20-2026/)
- [U.S. Department of Justice | Trade Fraud Task Force Surpasses $1 Billion in Recoveries and Charged Losses in Less Than One Year](https://eaccny.com/news/u-s-department-of-justice-trade-fraud-task-force-surpasses-1-billion-in-recoveries-and-charged-losses-in-less-than-one-year/)
- [European Commission Launches EU-Ukraine Drone Alliance to Boost Drone and Counter-drone Technology](https://eaccny.com/news/european-commission-launches-eu-ukraine-drone-alliance-to-boost-drone-and-counter-drone-technology/)
- [EIB | EU Global Gateway Strategy: EIB and BIIC Strengthen Strategic Agricultural Value Chains for Benefit of Benin and Europe](https://eaccny.com/news/eib-eu-global-gateway-strategy-eib-and-biic-strengthen-strategic-agricultural-value-chains-for-benefit-of-benin-and-europe/)
- [PKF O'Connor Davies | IRS Introduces Automatic Penalty Relief: What Taxpayers May Be Giving Up](https://eaccny.com/news/pkf-oconnor-davies-irs-introduces-automatic-penalty-relief-what-taxpayers-may-be-giving-up/)
- [ECB Selects 36 Payment Service Providers to Join Digital Euro Pilot](https://eaccny.com/news/ecb-selects-36-payment-service-providers-to-join-digital-euro-pilot/)
- [Trump Administration Secures an Additional $100 Billion U.S. Semiconductor Manufacturing Investment for a Total of $265 Billion from TSMC](https://eaccny.com/news/breadcrumb-home-news-facebook-linkedin-x-email-by-bureaus-and-offices-by-issues-by-tags-by-date-from-to-trump-administration-secures-an-additional-100-billion-u-s-semiconduc/)
- [European Commission Outlines Measures to Strengthen Europe's Banking Sector and Support Growth](https://eaccny.com/news/european-commission-outlines-measures-to-strengthen-europes-banking-sector-and-support-growth/)
- [McCann Fitzgerald | Security – A Priority of Ireland’s EU Council Presidency](https://eaccny.com/news/mccann-fitzgerald-security-a-priority-of-irelands-eu-council-presidency/)
- [Troutman Pepper Locke | No More Free Ride: Navigating CBP’s New International Mail Entry Process](https://eaccny.com/news/troutman-pepper-locke-no-more-free-ride-navigating-cbps-new-international-mail-entry-process/)
- [Pirelli | Safety First, How Tyre Pressure Changes With Heat](https://eaccny.com/news/pirelli-safety-first-how-tyre-pressure-changes-with-heat/)
- [IMF | The Oil Market Absorbed the War Shock, but Buffers Are Running Low](https://eaccny.com/news/imf-the-oil-market-absorbed-the-war-shock-but-buffers-are-running-low/)
- [ECB | How Banks Have Adjusted Their Lending in Response to Trade Tensions](https://eaccny.com/news/ecb-how-banks-have-adjusted-their-lending-in-response-to-trade-tensions/)
- [Wilson Sonsini | EU Commission Publishes AI Transparency Code of Practice](https://eaccny.com/news/wilson-sonsini-eu-commission-publishes-ai-transparency-code-of-practice/)
- [PwC | European Commission Publishes Tax Omnibus Proposal – Key Potential Impacts for the Financial Sector](https://eaccny.com/news/pwc-european-commission-publishes-tax-omnibus-proposal-key-potential-impacts-for-the-financial-sector/)
- [Littler | New York City Releases Final Rule Interpreting Amendments to the NYC Earned Safe and Sick Time Act](https://eaccny.com/news/littler-new-york-city-releases-final-rule-interpreting-amendments-to-the-nyc-earned-safe-and-sick-time-act/)
- [IMF | Financial Market Reforms Could Lift Europe's Growth](https://eaccny.com/news/imf-financial-market-reforms-could-lift-europes-growth/)
- [European Commission | Review Finds Foreign Subsidies Regulation Fit for Purpose, Commission Considers Targeted Changes](https://eaccny.com/news/european-commission-review-finds-foreign-subsidies-regulation-fit-for-purpose-commission-considers-targeted-changes/)
- [IMF | Trade Cooperation in an Age of Geopolitics](https://eaccny.com/news/imf-trade-cooperation-in-an-age-of-geopolitics-2/)
- [ING | Easing US Price Pressure Dampen Imminent Fed Hike Talk](https://eaccny.com/news/ing-easing-us-price-pressure-dampen-imminent-fed-hike-talk/)
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- [European Commission | Commission Increases Submarine Cable Security with €347 Million Investment and New Toolbox](https://eaccny.com/news/european-commission-commission-increases-submarine-cable-security-with-e347-million-investment-and-new-toolbox/)
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- [DFC | The U.S. International Development Finance Corporation Highlights Landmark Critical Minerals Investments to Strengthen U.S. National Security During State Department Ministerial](https://eaccny.com/news/dfc-the-u-s-international-development-finance-corporation-highlights-landmark-critical-minerals-investments-to-strengthen-u-s-national-security-during-state-department-ministerial/)
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- [DFC | The U.S. International Development Finance Corporation CEO Ben Black Signs Loan Agreement for Lobito Atlantic Railway, Securing Critical Minerals for Mutual U.S.–Africa Benefit](https://eaccny.com/news/dfc-dfc-ceo-ben-black-signs-loan-agreement-for-lobito-atlantic-railway-securing-critical-minerals-for-mutual-u-s-africa-benefit/)
- [DFC | The U.S. International Development Finance Corporation Announces Launch of Online Application Portal for U.S.-Ukraine Reconstruction Investment Fund](https://eaccny.com/news/tria-initiative-announcements/dfc-dfc-announces-launch-of-online-application-portal-for-u-s-ukraine-reconstruction-investment-fund/)
- [EIB | The European Investment Bank Group Provides EU-backed Guarantees to Expand Finance for War-Affected Businesses in Ukraine](https://eaccny.com/news/eib-eib-group-provides-eu-backed-guarantees-to-expand-finance-for-war-affected-businesses-in-ukraine/)
- [DFC | The U.S. International Development Finance Corporation Participates in CSIS Fireside Chat on Implementing U.S.-Ukraine Critical Minerals Partnership](https://eaccny.com/news/dfc-u-s-international-development-finance-corporation-participates-in-csis-fireside-chat-on-implementing-u-s-ukraine-critical-minerals-partnership/)
- [EIB | The European Investment Bank Provides an Additional €50 Million to Naftogaz to Keep Ukraine’s Energy System Resilient Through Winter](https://eaccny.com/news/eib-eib-provides-an-additional-e50-million-to-naftogaz-to-keep-ukraines-energy-system-resilient-through-winter/)
- [European Commission | Joint Press Statement Among the European Commission, the United States Government, and the Japanese Government Following February 4 Critical Minerals Ministerial Meeting](https://eaccny.com/news/european-commission-joint-press-statement-among-the-european-commission-the-united-states-government-and-the-japanese-government-following-february-4-critical-minerals-ministerial-meeting/)
- [EIB | European Investment Bank Group 2025 Annual Results: Powering Europe](https://eaccny.com/news/eib-eib-group-2025-annual-results-powering-europe/)
- [IMF | Re-energizing Europe Speech by Kristalina Georgieva, Managing Director At the European Commission](https://eaccny.com/news/imf-re-energizing-europe-speech-by-kristalina-georgieva-managing-director-at-the-european-commission/)
- [Trepp | Chief Economist's Weekly Watch – January 27, 2026: FOMC Communication, Credit Pricing, & Capital Availability](https://eaccny.com/news/trepp-chief-economists-weekly-watch-january-27-2026-fomc-communication-credit-pricing-capital-availability/)
- [Trepp | Is the Elevated Delinquency for CMBS Mall Loans a Sign of Opportunity?](https://eaccny.com/news/trepp-is-the-elevated-delinquency-for-cmbs-mall-loans-a-sign-of-opportunity/)
- [Greenberg Traurig | SEC Issues Guidance on Applying Federal Securities Laws to Tokenized Securities](https://eaccny.com/news/greenberg-traurig-sec-issues-guidance-on-applying-federal-securities-laws-to-tokenized-securities/)
- [EIB | Powering Europe: EIB Group Invests a Record €100 Billion to Support Shared Prosperity, Security and European Values](https://eaccny.com/news/eib-powering-europe-eib-group-invests-a-record-e100-billion-to-support-shared-prosperity-security-and-european-values/)
- [EIB | President Calviño: Banking on Europe’s strengths](https://eaccny.com/news/eib-president-calvino-banking-on-europes-strengths/)
- [ECB | Survey on the Access to Finance of Enterprises: Lending Conditions Tightened](https://eaccny.com/news/ecb-survey-on-the-access-to-finance-of-enterprises-lending-conditions-tightened/)
- [Jaguar Freight | The Weekly Roar: The Deals Don't Stop](https://eaccny.com/news/jaguar-freight-the-deals-dont-stop/)
- [Stephenson Harwood | Data and Cyber Update- January 2026](https://eaccny.com/news/stephenson-harwood-data-and-cyber-update-january-2026/)
- [Orbiss | Raising Funds in the United States: A How-To Guide](https://eaccny.com/news/orbiss-raising-funds-in-the-united-states-a-how-to-guide/)
- [Jaguar Freight | The Weekly Roar: The Worst Laid Plans](https://eaccny.com/news/jaguar-freight-the-weekly-roar-the-worst-laid-plams/)
- [Arendt | VAT Treatment of Transfer Pricing Adjustments: Advocate General Brings Clarity to a Complex Area](https://eaccny.com/news/european-commission-commission-adopts-a-first-ever-eu-visa-strategy/)
- [Troutman Pepper Locke | DOJ Turns Up the Heat on Tariff Evasion: FCA, Trade Fraud, and What Importers Need to Know](https://eaccny.com/news/troutman-pepper-locke-doj-turns-up-the-heat-on-tariff-evasion-fca-trade-fraud-and-what-importers-need-to-know/)
- [European Council | Russian Gas Imports: Council Gives Final Greenlight to a Stepwise Ban](https://eaccny.com/news/european-council-russian-gas-imports-council-gives-final-greenlight-to-a-stepwise-ban/)
- [Ogletree Deakins | Employee Stranded Abroad? Navigating U.S. Visa Delays and International Remote Work Risks](https://eaccny.com/news/ogletree-deakins-employee-stranded-abroad-navigating-u-s-visa-delays-and-international-remote-work-risks/)
- [European Commission | Commission Opens Proceedings to Assist Google in Complying With Interoperability and Online Search Data Sharing Obligations Under the Digital Markets Act](https://eaccny.com/news/european-commission-commission-opens-proceedings-to-assist-google-in-complying-with-interoperability-and-online-search-data-sharing-obligations-under-the-digital-markets-act/)
- [European Commission | EU and India Conclude Landmark Free Trade Agreement](https://eaccny.com/news/european-commission-eu-and-india-conclude-landmark-free-trade-agreement/)
- [Thompson Hine | SmarTrade Weekly Roundup – January 16-22, 2026](https://eaccny.com/news/thompson-hine-smartrade-weekly-roundup-january-16-22-2026/)
- [ECB | ECB and ESRB Issue Joint Report Analysing Financial Stability Risks From Geoeconomic Fragmentation](https://eaccny.com/news/ecb-ecb-and-esrb-issue-joint-report-analysing-financial-stability-risks-from-geoeconomic-fragmentation/)
- [European Council | Oral Conclusions Drawn by President António Costa Following the Informal Meeting of the Members of the European Council of 22 January 2026](https://eaccny.com/news/european-council-oral-conclusions-drawn-by-president-antonio-costa-following-the-informal-meeting-of-the-members-of-the-european-council-of-22-january-2026/)
- [Aimlon CPA P.C. | Key 2026 U.S. Tax Deadlines for Businesses and Individuals](https://eaccny.com/news/aimlon-cpa-p-c-key-2026-u-s-tax-deadlines-for-businesses-and-individuals/)
- [Wilson Sonsini | 2026 Antitrust Year in Preview](https://eaccny.com/news/wilson-sonsini-2026-antitrust-year-in-preview/)
- [World Bank | Global Economy Shows Resilience Amid Historic Trade, Policy Uncertainty](https://eaccny.com/news/world-bank-global-economy-shows-resilience-amid-historic-trade-policy-uncertainty/)
- [European Commission | EU Supports Digital Connectivity with Simpler and Harmonised Rules in Digital Networks Act](https://eaccny.com/news/european-commission-eu-supports-digital-connectivity-with-simpler-and-harmonised-rules-in-digital-networks-act/)
- [IPTI | Property Tax in the News - January 2026](https://eaccny.com/news/ipti-property-tax-in-the-news-january-2026/)
- [EUIPO | The European Union Intellectual Property Office Records the Highest Number of Applications in its History](https://eaccny.com/news/euipo-euipo-records-the-highest-number-of-applications-in-its-history/)
- [European Commission | Special Address by President von der Leyen at the World Economic Forum](https://eaccny.com/news/european-commission-special-address-by-president-von-der-leyen-at-the-world-economic-forum-2/)
- [IMF | Global Economy Shakes Off Tariff Shock Amid Tech-Driven Boom](https://eaccny.com/news/imf-global-economy-shakes-off-tariff-shock-amid-tech-driven-boom/)
- [Jaguar Freight | The Weekly Roar: Preemptive Measures](https://eaccny.com/news/jaguar-freight-the-weekly-roar-preemptive-measures/)
- [European Council | Artificial Intelligence: Council Paves the Way for the Creation of AI Gigafactories](https://eaccny.com/news/european-council-artificial-intelligence-council-paves-the-way-for-the-creation-of-ai-gigafactories/)
- [European Council | EU-Mercosur: Council Greenlights Signature of the Comprehensive Partnership and Trade Agreement](https://eaccny.com/news/european-commission-eu-mercosur-council-greenlights-signature-of-the-comprehensive-partnership-and-trade-agreement/)
- [Mason Hayes & Curran | Regulation and Innovation: Preparing for Europe’s Digital Future](https://eaccny.com/news/mason-hayes-curran-regulation-and-innovation-preparing-for-europes-digital-future/)
- [Troutman Pepper Locke | From Chips to Minerals: New Section 232 Tariff Actions Target Semiconductors and Critical Minerals](https://eaccny.com/news/troutman-pepper-locke-from-chips-to-minerals-new-section-232-tariff-actions-target-semiconductors-and-critical-minerals/)
- [DoC | Fact Sheet: Restoring American Semiconductor Manufacturing Leadership Through an Agreement on Trade & Investment with Taiwan](https://eaccny.com/news/doc-fact-sheet-restoring-american-semiconductor-manufacturing-leadership-through-an-agreement-on-trade-investment-with-taiwan/)
- [Barnes & Thornburg | Top 3 Labor Law Developments to Watch in 2026](https://eaccny.com/news/barnes-thornburg-top-3-labor-law-developments-to-watch-in-2026/)
- [ECB | From Text to Trouble: Understanding the Limits of Text-Derived Trade Policy Uncertainty Measures](https://eaccny.com/news/ecb-from-text-to-trouble-understanding-thelimits-of-text-derived-trade-policy-uncertainty-measures/)
- [CLA | Form 1099-NEC for Freight Services: Should Companies Issue Them?](https://eaccny.com/news/cla-form-1099-nec-for-freight-services-should-companies-issue-them/)
- [ECB | Monetary Policy and Financial Stability in the Euro Area](https://eaccny.com/news/ecb-monetary-policy-and-financial-stability-in-the-euro-area/)
- [ECB | What is the Untapped Potential of the EU Single Market?](https://eaccny.com/news/ecb-what-is-the-untapped-potential-of-the-eu-single-market/)
- [Wilson Sonsini | 2026 Year in Preview: AI Regulatory Developments for Companies to Watch Out For](https://eaccny.com/news/wilson-sonsini-2026-year-in-preview-ai-regulatory-developments-for-companies-to-watch-out-for/)
- [Loyens & Loeff | EU Tax Alert Highlights 2025](https://eaccny.com/news/loyens-loeff-eu-tax-alert-highlights-2025/)
- [Troutman Pepper Locke | CBP Moving to Fully Electronic Refunds: What Importers Need to Know Now](https://eaccny.com/news/troutman-pepper-locke-cbp-moving-to-fully-electronic-refunds-what-importers-need-to-know-now/)
- [Troutman Pepper Locke | White House Delays Planned Tariff Increases on Wood Products](https://eaccny.com/news/troutman-pepper-locke-white-house-delays-planned-tariff-increases-on-wood-products/)
- [Jaguar Freight | The Weekly Roar: Risky Business in 2026](https://eaccny.com/news/jaguar-freight-the-weekly-roar-risky-business-in-2026/)
- [Wilson Sonsini | 2026 Year in Preview: Regulatory Consumer Protection Trends for Companies to Watch Out For](https://eaccny.com/news/wilson-sonsini-2026-year-in-preview-regulatory-consumer-protection-trends-for-companies-to-watch-out-for/)
- [Thompson Hine | Importers of Record Flood CIT with IEEPA Tariff Refund Complaints](https://eaccny.com/news/thompson-hine-importers-of-record-flood-cit-with-ieepa-tariff-refund-complaints/)
- [ECB | The Euro in a Changing World](https://eaccny.com/news/ecb-the-euro-in-a-changing-world/)
- [OECD | International Community Agrees Way Forward on Global Minimum Tax Package](https://eaccny.com/news/chapternews/oecd-international-community-agrees-way-forward-on-global-minimum-tax-package/)
- [ECB | Bulgaria Introduces the Euro](https://eaccny.com/news/ecb-bulgaria-introduces-the-euro/)
- [Barnes & Thornburg | New Year, Renewed Enforcement: Tariffs, Trade Compliance, and DOJ Actions to Watch in 2026](https://eaccny.com/news/member-news/barnes-thornburg-new-year-renewed-enforcement-tariffs-trade-compliance-and-doj-actions-to-watch-in-2026/)
- [Loyens & Loeff | EU Tax Alert – Edition 213](https://eaccny.com/news/loyens-loeff-eu-tax-alert-edition-213/)
- [Wilson Sonsini | 2026 Year in Preview: European Digital Regulatory Developments for Companies to Watch Out For](https://eaccny.com/news/wilson-sonsini-2026-year-in-preview-european-digital-regulatory-developments-for-companies-to-watch-out-for/)
- [Troutman Pepper Locke | Beyond the 50 Percent Rule: OFAC’s Recent Private Equity Enforcement Action Shows Why Ignoring Indirect Sanctions Risk Can Be Costly](https://eaccny.com/news/troutman-pepper-locke-beyond-the-50-percent-rule-ofacs-recent-private-equity-enforcement-action-shows-why-ignoring-indirect-sanctions-risk-can-be-costly/)
- [Jaguar Freight | The Outlook for Q1 2026](https://eaccny.com/news/member-news/jaguar-freight-the-outlook-for-q1-2026/) - Trade & Logistics Headlines for Q1 2026: Changing Trade Lanes, Red Sea Opening, & Tariff Uncertainty Remains Global Ports The Headlines: Global ports will be navigating a volatile start to the year as shifting trade imbalances and uneven demand reshape global cargo flows. 2025 closed with news of China’s expanding trade surplus, with an expected Headlines for Q1 2026 Changing Trade Lanes, Red Sea Opening, & Tariff Uncertainty Remains.
- [Littler | Social Media Vetting Expansion for Visa Applicants](https://eaccny.com/news/member-news/littler-social-media-vetting-expansion-for-visa-applicants/) - On December 15, the Department of State (DOS) announced it will expand its social media vetting requirement to additional nonimmigrant visa classifications, including H-1B, H-4 dependents, F, M, and J. As a result of this expansion, all applicants for such visas will be instructed to adjust the privacy settings on “all of their social media the Department of State (DOS) announced it will expand its social media vetting requirement to additional nonimmigrant visa classifications, including H-1B, H-4 dependents, F, M, and J. As a result of this expansion, all applicants for such visas will be instructed to adjust the privacy settings on “all of their social media profiles to public.” Those profiles will then be subject to review as part of their visa application process for entry into the United States.
- [Trepp | CRE Investors Start Dancing Like No One's Watching](https://eaccny.com/news/member-news/trepp-cre-investors-start-dancing-like-no-ones-watching/) - You can argue that commercial real estate investors have become bullish. That's a good thing if you're in the deal-making business. The signs are everywhere. Transaction activity, involving both property sales and lending, has increased, driven in large part by the greater liquidity in the market. Loan spreads—the risk premiums that lenders apply in order CRE Investors Start Dancing Like No One's Watching. You can argue that commercial real estate investors have become bullish. That's a good thing if you're in the deal-making business. The signs are everywhere. Transaction activity, involving both property sales and lending, has increased, driven in large part by the greater liquidity in the market. Loan spreads—the risk premiums that lenders apply in order to come up with coupons—have tightened and a greater number of lenders, including banks, are now competing for the best loans.
- [Loyens & Loeff | Targeting Swiss pension funds: How sponsors can market to and onboard Swiss pension funds - Volumn 1](https://eaccny.com/news/member-news/loyens-loeff-targeting-swiss-pension-funds-how-sponsors-can-market-to-and-onboard-swiss-pension-funds-volumn-1/) - Given the size of the Swiss pension fund market, it presents a highly attractive opportunity for non-Swiss fund sponsors – especially as Swiss pension funds increasingly seek international diversification. In this two-part series, we provide a hands-on guide to the key steps and legal considerations for successfully marketing to Swiss pension funds (Volume 1), and The Swiss pension fund market ranks among the largest in Europe, with total assets under management (AUM) that exceeded CHF 1.4 trillion end 2024. Pension funds represent the dominant share of AUM in Switzerland, positioning them as one of the most significant investor base in Europe. Swiss pension funds collect contributions from employers and employees to build retirement capital. Such funds are then reinvested to grow the capital over time. Upon retirement, disability, or death, pension funds pay out benefits to the beneficiaries. Swiss pension funds are increasingly pursuing international diversification strategies when investing contributions. While they continue to invest in traditional asset classes, there is a growing allocation towards alternative investments, including private equity, infrastructure, and private debt. This evolving investment approach as well as their size make Swiss pension funds an attractive investor base for non-Swiss fund sponsors.
- [Loyens & Loeff | How sponsors can market to and onboard Swiss pension funds - Volume 2](https://eaccny.com/news/member-news/loyens-loeff-how-sponsors-can-market-to-and-onboard-swiss-pension-funds-volume-2/) - Given the size of the Swiss pension fund market, it presents a highly attractive opportunity for non-Swiss fund sponsors – especially as Swiss pension funds increasingly seek international diversification. In this two-part series, we provide a hands-on guide to the key steps and legal considerations for successfully marketing to Swiss pension funds (Volume 1), and Onboarding Swiss pension funds The Swiss pension fund market ranks among the largest in Europe, with total assets under management (AUM) exceeding CHF 1.4 trillion (approximately USD 1.75 trillion). Pension funds represent the dominant share of AUM in Switzerland, positioning them as one of the most significant institutional investor bases in Europe relative to the country's size. Swiss pension funds are increasingly pursuing international diversification strategies. While they continue to invest in traditional asset classes, there is a growing allocation toward alternative investments, including private equity, infrastructure, and private debt. As Switzerland is not a member of the European Union, it maintains an independent regulatory framework. This framework governs both (i) the marketing of investment funds to Swiss pension fund investors and (ii) the onboarding process and associated restrictions applicable to such investors. Non-Swiss sponsors need to navigate these rules to make sure pension funds can invest in their products.
- [ECB | EBA, ECB, National Central Banks and National Supervisory Authorities Sign MoU in Support of Non-bank PSPs’ Access to Payment Systems](https://eaccny.com/news/ecb-eba-ecb-national-central-banks-and-national-supervisory-authorities-sign-mou-in-support-of-non-bank-psps-access-to-payment-systems/)
- [Noerr | New Commission Guidelines on the GPSR – Clarifications and Scope for Action for Companies](https://eaccny.com/news/noerr-new-commission-guidelines-on-the-gpsr-clarifications-and-scope-for-action-for-companies/)
- [Trepp | The CRE Rundown - The Big Picture](https://eaccny.com/news/trepp-the-big-picture/)
- [EIB | How are EU and US firms Navigating Higher Tariffs?](https://eaccny.com/news/eib-how-are-eu-and-us-firms-navigating-higher-tariffs/)
- [EIB | EIB Global and EU, Under the Global Gateway Initiative, Support Wind Farm Expansion in Cabo Verde](https://eaccny.com/news/eib-eib-global-and-eu-under-the-global-gateway-initiative-support-wind-farm-expansion-in-cabo-verde/)
- [Wilson Sonsini | Trump Administration Issues Executive Order on National AI Policy and Deregulation](https://eaccny.com/news/wilson-sonsini-trump-administration-issues-executive-order-on-national-ai-policy-and-deregulation/)
- [European Commission | Commission Announces Strategic Approach to Strengthen Europe's Economic Security](https://eaccny.com/news/european-commission-commission-announces-strategic-approach-to-strengthen-europes-economic-security/)
- [EIB | President Calviño at the 2025 Global Gateway Forum](https://eaccny.com/news/member-news/eib-president-calvino-at-the-2025-global-gateway-forum/) - EIB Group President Nadia Calviño delivered the closing remarks of the panel discussion on the State of World on 9 October, during the Global Gateway Forum 2025 in Brussels. Thank you very much. Indeed, I was listening to this very interesting panel, and I am absolutely delighted to have the opportunity to close this very interesting, very insightful exchange with EIB Group President Nadia Calviño delivered the closing remarks of the panel discussion on the State of World on 9 October, during the Global Gateway Forum 2025 in Brussels.
- [World Bank | Global Gateway Forum: the European Commission and World Bank Group Deepen Partnership for Infrastructure and Jobs](https://eaccny.com/news/chapternews/world-bank-global-gateway-forum-the-european-commission-and-world-bank-group-deepen-partnership-for-infrastructure-and-jobs/) - BRUSSELS, October 8, 2025 - The European Commission, in line with its Global Gateway investment strategy, and the World Bank Group are deepening their strategic partnership to drive a new generation of connectivity projects. An initial pipeline of projects includes 18 high-impact investments in three strategic sectors (energy, transport, and digital infrastructure) across Africa, Asia and BRUSSELS, October 8, 2025 - The European Commission, in line with its Global Gateway investment strategy, and the World Bank Group are deepening their strategic partnership to drive a new generation of connectivity projects. An initial pipeline of projects includes 18 high-impact investments in three strategic sectors (energy, transport, and digital infrastructure) across Africa, Asia and the Pacific, and Latin America and the Caribbean.
- [DFC | Statement from Acting CEO Mr. Dev Jagadesan on Confirmation of DFC CEO Mr. Ben Black](https://eaccny.com/news/chapternews/dfc-statement-from-acting-ceo-mr-dev-jagadesan-on-confirmation-of-dfc-ceo-mr-ben-black/) - WASHINGTON, D.C. — This week, the United States Senate confirmed Mr. Ben Black as the new Chief Executive Officer (CEO) of the U.S. International Development Finance Corporation (DFC). We are pleased to welcome Mr. Black as the next CEO of DFC. His confirmation comes at a pivotal moment as we continue to advance our dual mandate WASHINGTON, D.C. — This week, the United States Senate confirmed Mr. Ben Black as the new Chief Executive Officer (CEO) of the U.S. International Development Finance Corporation (DFC).
- [EIB Group to boost investments outside EU to up to €10 billion annually](https://eaccny.com/news/member-news/eib-group-to-boost-investments-outside-eu-to-up-to-e10-billion-annually/) - • Strategic orientation approved by Board of Directors focuses on win-win global partnerships and a strong European voice in the world. • EIB Global will tailor approaches by region and sector, aligned with EU priorities. • Strengthened support for Ukraine, new tools, and streamlined procedures. The European Investment Bank (EIB) Group has approved strategic orientations for • Strategic orientation approved by Board of Directors focuses on win-win global partnerships and a strong European voice in the world. • EIB Global will tailor approaches by region and sector, aligned with EU priorities. • Strengthened support for Ukraine, new tools, and streamlined procedures.
- [EIB | At COP30, EIB Group to unveil range of global climate initiatives](https://eaccny.com/news/member-news/eib-at-cop30-eib-group-to-unveil-range-of-global-climate-initiatives/) - • EIB Group to activate series of projects to step up fight against climate change and nature degradation. • Initiatives to increase clean energy, forests and biodiversity worldwide to be announced at UN climate conference in Brazil. • Support for women entrepreneurs in Amazon region also planned. The European Investment Bank (EIB) Group will unveil • EIB Group to activate series of projects to step up fight against climate change and nature degradation. • Initiatives to increase clean energy, forests and biodiversity worldwide to be announced at UN climate conference in Brazil. • Support for women entrepreneurs in Amazon region also planned.
- [EIB to announce new investments for Latin America and the Caribbean at CELAC-EU Summit](https://eaccny.com/news/member-news/eib-to-announce-new-investments-for-latin-america-and-the-caribbean-at-celac-eu-summit/) - • EIB Group President Nadia Calviño will present new projects contributing to the development of the region at the CELAC-EU Summit in Santa Marta, Colombia this weekend. • Investments to strengthen regional electricity integration, clean energy generation and water and sanitation infrastructure across Latin America will be announced. • The president will attend the summit, • EIB Group President Nadia Calviño will present new projects contributing to the development of the region at the CELAC-EU Summit in Santa Marta, Colombia this weekend. • Investments to strengthen regional electricity integration, clean energy generation and water and sanitation infrastructure across Latin America will be announced. • The president will attend the summit, give a speech to the LAC-EU Business Forum and meet with the leaders of several countries.
- [IMF | Inside the AI-Led Resource Race: Material Demands - for Energy, Chips, and Minerals - Will Determine Who Dominates Data](https://eaccny.com/news/imf-inside-the-ai-led-resource-race-material-demands-for-energy-chips-and-minerals-will-determine-who-dominates-data/)
- [Barnes & Thornburg | Trump Issues Executive Order on AI, Seeking to Curb State Regulation](https://eaccny.com/news/member-news/barnes-thornburg-trump-issues-executive-order-on-ai-seeking-to-curb-state-regulation/)
- [European Commission | Commission Takes Action for Clean and Competitive Automotive Sector](https://eaccny.com/news/european-commission-commission-takes-action-for-clean-and-competitive-automotive-sector/)
- [GDLSK | Court Rules That Liquidation Will Not Bar Importers From Recovering IEEPA Tariffs in Court Challenge](https://eaccny.com/news/member-news/gdlsk-court-rules-that-liquidation-will-not-bar-importers-from-recovering-ieepa-tariffs-in-court-challenge/)
- [IPTI | Property Tax in the News - December 2025](https://eaccny.com/news/member-news/ipti-property-tax-in-the-news-december-2025/)
- [Jaguar Freight | The Weekly Roar: Do No Harm](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-do-no-harm/)
- [ECB | Governing Council Proposes Simplification of EU Banking Rules](https://eaccny.com/news/ecb-governing-council-proposes-simplification-of-eu-banking-rules/)
- [European Commission | EU Introduces Customs Duties on Low-Value E-Commerce Packages](https://eaccny.com/news/european-commission-eu-introduces-customs-duties-on-low-value-e-commerce-packages/)
- [Troutman Pepper Locke | Strategic Planning for Protecting Your Intellectual Property Rights Before Seeking Investment in the US: A Playbook for Foreign Investors](https://eaccny.com/news/member-news/troutman-pepper-locke-strategic-planning-for-protecting-your-intellectual-property-rights-before-seeking-investment-in-the-us-a-playbook-for-foreign-investors/)
- [Arendt | New EU Anti-Corruption Criminal Rules on the Horizon](https://eaccny.com/news/member-news/arendt-new-eu-anti-corruption-criminal-rules-on-the-horizon/)
- [Wilson Sonsini | CJEU Rules on Online Marketplaces’ Liability for User Content Under the GDPR](https://eaccny.com/uncategorized/wilson-sonsini-cjeu-rules-on-online-marketplaces-liability-for-user-content-under-the-gdpr/)
- [Council of the EU | Foreign Direct Investment: Council and Parliament Reached Political Agreement to Improve FDI Screening](https://eaccny.com/news/council-of-the-eu-foreign-direct-investment-council-and-parliament-reached-political-agreement-to-improve-fdi-screening/)
- [PwC | Highlights of Treasury Guidance on OBBBA International Tax Items](https://eaccny.com/news/member-news/pwc-highlights-of-treasury-guidance-on-obbba-international-tax-items/)
- [Trepp | Too Late to Catch a Flick?](https://eaccny.com/uncategorized/trepp-too-late-to-catch-a-flick/)
- [Greenberg Traurig | Reverse Engineering in the Age of AI: Are Your Trade Secrets Still Safe?](https://eaccny.com/news/member-news/greenberg-traurig-reverse-engineering-in-the-age-of-ai-are-your-trade-secrets-still-safe/)
- [Fox Rothschild | Importers Are Racing to Preserve Tariff Refund Rights](https://eaccny.com/news/member-news/fox-rothschild-importers-are-racing-to-preserve-tariff-refund-rights/)
- [European Commission | Remarks by Commissioner Várhelyi on the Reinforcement of Controls on Products Imported into the EU](https://eaccny.com/news/european-commission-remarks-by-commissioner-varhelyi-on-the-reinforcement-of-controls-on-products-imported-into-the-eu/)
- [ECB | A Digital Euro for the Digital Age](https://eaccny.com/news/ecb-a-digital-euro-for-the-digital-age/)
- [Jaguar Freight | The Weekly Roar: Change & Disruption: The New Constants](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-change-disruption-the-new-constants/)
- [Troutman Pepper Locke | IEEPA Tariffs May Fall, but Refunds May Not: Why a New CIT Case Matters for Every Importer](https://eaccny.com/news/troutman-pepper-locke-ieepa-tariffs-may-fall-but-refunds-may-not-why-a-new-cit-case-matters-for-every-importer/)
- [Cilcare | French Biotech Tackling Hearing Loss Wins 2025 Enterprise Europe Network Award](https://eaccny.com/news/cilcare-french-biotech-tackling-hearing-loss-wins-2025-enterprise-europe-network-award/)
- [European Commission | European Union and Canada Strengthen their Digital Partnership with a Focus on Artificial Intelligence, Digital Identity Wallets and Independent Media](https://eaccny.com/news/european-commission-european-union-and-canada-strengthen-their-digital-partnership-with-a-focus-on-artificial-intelligence-digital-identity-wallets-and-independent-media/)
- [Loyens & Loeff | Developments in Tariffs and Their Interaction with Transfer Pricing](https://eaccny.com/news/loyens-loeff-developments-in-tariffs-and-their-interaction-with-transfer-pricing/)
- [Troutman Pepper Locke | Department of Energy Announces Funding Process for Domestic Rare Earth Element Supply Chains](https://eaccny.com/news/troutman-pepper-locke-department-of-energy-announces-funding-process-for-domestic-rare-earth-element-supply-chains/)
- [EIB | The EIB Energy Lending Policy: Independent Evaluations Insights](https://eaccny.com/news/eib-the-eib-energy-lending-policy-independent-evaluations-insights/)
- [IMF | Industrial Policy Can Lift Productivity - but Comes With Risks and Trade-offs](https://eaccny.com/news/imf-industrial-policy-can-lift-productivity-but-comes-with-risks-and-trade-offs/)
- [HSBC | Global Trade Pulse Survey - Global Businesses Adapting to Trade Uncertainty and Building Resilience](https://eaccny.com/news/hsbc-global-trade-pulse-survey-global-businesses-adapting-to-trade-uncertainty-and-building-resilience/)
- [Wilson Sonsini | EU Unveils Next Five-Year Consumer Protection Strategy](https://eaccny.com/news/wilson-sonsini-eu-unveils-next-five-year-consumer-protection-strategy/)
- [HSBC | Younger Generations Investing With Greater Confidence](https://eaccny.com/news/hsbc-younger-generations-investing-with-greater-confidence/)
- [Noerr | (German) Energy Infrastructure: Growth Drivers and Obstacles for Investors Under the Grand Coalition](https://eaccny.com/news/noerr-german-energy-infrastructure-growth-drivers-and-obstacles-for-investors-under-the-grand-coalition/)
- [Stephenson Harwood | The “Digital Omnibus”: Ten Key Changes to the GDPR and AI regulation](https://eaccny.com/news/stephenson-harwood-the-digital-omnibus-ten-key-changes-to-the-gdpr-and-ai-regulation/)
- [Littler | Employers Set to Benefit from Proposed Changes to EU AI Act](https://eaccny.com/news/littler-employers-set-to-benefit-from-proposed-changes-to-eu-ai-act/)
- [PKF O'Connor Davies | Returning from the Shutdown: Where Taxpayers Stand with the IRS](https://eaccny.com/news/pkf-oconnor-davies-returning-from-the-shutdown-where-taxpayers-stand-with-the-irs/)
- [Ogletree Deakins | Stay Ahead of the Curve: Essential Employment Law Updates for Retailers in 2026](https://eaccny.com/news/ogletree-deakins-stay-ahead-of-the-curve-essential-employment-law-updates-for-retailers-in-2026/)
- [Wilson Sonsini | The Entrepreneurs Report: Private Company Financing Trends, Q3 2025](https://eaccny.com/news/wilson-sonsini-the-entrepreneurs-report-private-company-financing-trends-q3-2025/)
- [ECB | From Headlines to Hard Data: Mapping the Uneven Impact of Geopolitical Risk in Europe](https://eaccny.com/uncategorized/ecb-from-headlines-to-hard-data-mapping-the-uneven-impact-of-geopolitical-risk-in-europe/)
- [EU Opens Registration for Craft and Industrial Product Names Under New Geographical Indication Scheme](https://eaccny.com/news/eu-opens-registration-for-craft-and-industrial-product-names-under-new-geographical-indication-scheme/)
- [Wilson Sonsini | The EU Omnibus Proposals Intend to Introduce More Flexibility in the GDPR, AI Act, and Other EU Digital Regulations](https://eaccny.com/news/wilson-sonsini-the-eu-omnibus-proposals-intend-to-introduce-more-flexibility-in-the-gdpr-ai-act-and-other-eu-digital-regulations/)
- [Barnes & Thornburg | J-1 Visa Holders: Options and Alternatives to the H-1B](https://eaccny.com/uncategorized/barnes-thornburg-j-1-visa-holders-options-and-alternatives-to-the-h-1b/)
- [Trepp | Data Centers Enter the Mainstream: Multi-Billion Dollar Commercial Real Estate Issuance & Asset Pricing Trends](https://eaccny.com/news/trepp-data-centers-enter-the-mainstream-multi-billion-dollar-commercial-real-estate-issuance-asset-pricing-trends/)
- [Federal Reserve Bank of Dallas | Economic Uncertainty and the Design and Conduct of Monetary Policy](https://eaccny.com/news/federal-reserve-bank-of-dallas-economic-uncertainty-and-the-design-and-conduct-of-monetary-policy/)
- [ECB | The Transformative Power of AI: Europe’s Moment to Act](https://eaccny.com/news/ecb-the-transformative-power-of-ai-europes-moment-to-act/)
- [Barnes and Thornburg | In Search of: IEEPA Tariff Refunds](https://eaccny.com/news/member-news/barnes-and-thornburg-in-search-of-ieepa-tariff-refunds/) - Highlights • The U.S. Supreme Court is expected to rule on the legality of the International Emergency Economic Powers Act (IEEPA) tariff actions in late 2025 or early 2026. • Importers should begin to prepare for potential tariff refunds by tracking protest filing deadlines and by filing timely protests with U.S. Customs and Border Protection Highlights • The U.S. Supreme Court is expected to rule on the legality of the International Emergency Economic Powers Act (IEEPA) tariff actions in late 2025 or early 2026. • Importers should begin to prepare for potential tariff refunds by tracking protest filing deadlines and by filing timely protests with U.S. Customs and Border Protection (CBP). • The courts could also establish a special IEEPA refund process that may require certain filings or complaints in court.
- [IMF | World Economic Outlook: Global Economy in Flux, Prospects Remain Dim](https://eaccny.com/news/chapternews/imf-world-economic-outlook-global-economy-in-flux-prospects-remain-dim/) - Executive Summary The rules of the global economy are in flux. Details of newly introduced policy measures are slowly coming into focus, and growth prospects are shifting along with them. After the United States introduced higher tariffs starting in February, subsequent deals and resets have tempered some extremes. But uncertainty about the stability and trajectory The rules of the global economy are in flux. Details of newly introduced policy measures are slowly coming into focus, and growth prospects are shifting along with them. After the United States introduced higher tariffs starting in February, subsequent deals and resets have tempered some extremes. But uncertainty about the stability and trajectory of the global economy remains acute. Meanwhile, substantial cuts to international development aid and new restrictions on immigration have been rolled out in some advanced economies. Several major economies have adopted a more stimulative fiscal stance, raising concerns about the sustainability of public finances and possible cross-border spillovers. The world’s economies, institutions, and markets have been adjusting to a landscape marked by greater protectionism and fragmentation, with dim medium-term growth prospects and calling for a recalibration of macroeconomic policies.
- [ECB | From resilience to strength: unleashing Europe’s domestic market](https://eaccny.com/news/chapternews/ecb-from-resilience-to-strength-unleashing-europes-domestic-market/) - Speech by Christine Lagarde, President of the ECB, at the 35th Frankfurt European Banking Congress Frankfurt am Main, 21 November 2025 I would like to start with a quote: “The world around us does not stand still. In recent years, the global environment has been transformed in ways that none of us could have imagined. Speech by Christine Lagarde, President of the ECB, at the 35th Frankfurt European Banking Congress
- [Vulcan View: The latest EU developments 17 November - 21 November](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-17-november-21-november/) - Commission unveils digital package revamping data and AI rules On Wednesday (19 November), the European Commission presented a major digital simplification package designed to foster innovation while maintaining high standards. The proposal intends to cut administrative costs by up to €5 billion by 2029 and introduce new European Business Wallets, which could generate an additional €150 billion Commission unveils digital package revamping data and AI rules, European Commission plans consumer protection law overhaul before 2030, Irish government advances major reforms on environmental legal costs and infrastructure delivery
- [European Commission | EU awards over €600 million to alternative fuel projects to boost zero-emission mobility](https://eaccny.com/news/chapternews/european-commission-eu-awards-over-e600-million-to-alternative-fuel-projects-to-boost-zero-emission-mobility/) - 70 projects are receiving over €600 million in EU grants to electrify and decarbonise road, maritime, inland waterway and air transport along the trans-European transport network (TEN-T). These projects will deploy alternative fuels supply infrastructure such as electric recharging stations, hydrogen refuelling stations, electricity supply and ammonia and methanol bunkering facilities across 24 EU countries. 70 projects are receiving over €600 million in EU grants to electrify and decarbonise road, maritime, inland waterway and air transport along the trans-European transport network (TEN-T). These projects will deploy alternative fuels supply infrastructure such as electric recharging stations, hydrogen refuelling stations, electricity supply and ammonia and methanol bunkering facilities across 24 EU countries.
- [World Bank Group Appoints Paschal Donohoe as Managing Director and Chief Knowledge Officer](https://eaccny.com/news/chapternews/world-bank-group-appoints-paschal-donohoe-as-managing-director-and-chief-knowledge-officer/) - WASHINGTON, Nov. 18, 2025 – The World Bank Group today announced the appointment of Paschal Donohoe as Managing Director and Chief Knowledge Officer. Donohoe has served as Ireland's Minister for Finance since January 2025, and as President of the Eurogroup of finance ministers since July 2020. His extensive experience spans both the public and private sectors, WASHINGTON, Nov. 18, 2025 – The World Bank Group today announced the appointment of Paschal Donohoe as Managing Director and Chief Knowledge Officer. Donohoe has served as Ireland's Minister for Finance since January 2025, and as President of the Eurogroup of finance ministers since July 2020. His extensive experience spans both the public and private sectors, including nearly a decade at Procter & Gamble.
- [IMF | How Europe Can Capture the AI Growth Dividend](https://eaccny.com/news/chapternews/imf-how-europe-can-capture-the-ai-growth-dividend/) - By Florian Misch, Ben Park, Carlo Pizzinelli, and Galen Sher Artificial intelligence could boost Europe’s productivity, but gains will hinge on efforts to deepen the single market and the calibration of regulation Can artificial intelligence provide a much-needed boost to Europe’s economic productivity? Use of AI is spreading much faster than earlier technologies, such as the personal Artificial intelligence could boost Europe’s productivity, but gains will hinge on efforts to deepen the single market and the calibration of regulation.
- [ECB | Unlocking private investment and boosting productivity with EU programmes](https://eaccny.com/news/chapternews/ecb-unlocking-private-investment-and-boosting-productivity-with-eu-programmes/) - By Alessandro De Sanctis, Roberto A. De Santis, Daniel Kapp and Francesca Vinci To bridge Europe’s investment gap, we need both public and private funding. Well-designed EU investment programmes can act as a major catalyst for private capital. As this blog post shows, every euro invested by the EU is matched by private finance, thereby To bridge Europe’s investment gap, we need both public and private funding. Well-designed EU investment programmes can act as a major catalyst for private capital. As this blog post shows, every euro invested by the EU is matched by private finance, thereby doubling its impact.
- [OECD updates Model Tax Convention to reflect rise of cross-border remote work and clarify taxation of natural resources](https://eaccny.com/news/chapternews/oecd-updates-model-tax-convention-to-reflect-rise-of-cross-border-remote-work-and-clarify-taxation-of-natural-resources/) - The OECD has released an update to the Model Tax Convention on Income and on Capital, providing new and detailed guidance on short-term cross-border remote work and on the taxation of income from natural resource extraction. The update, approved by the OECD Council, aims to provide greater certainty for governments and businesses worldwide. The 2025 The OECD has released an update to the Model Tax Convention on Income and on Capital, providing new and detailed guidance on short-term cross-border remote work and on the taxation of income from natural resource extraction. The update, approved by the OECD Council, aims to provide greater certainty for governments and businesses worldwide.
- [Bennett Jones | Canada's Budget 2025: Canada's Climate Competitiveness Strategy](https://eaccny.com/news/member-news/bennett-jones-canadas-budget-2025-canadas-climate-competitiveness-strategy/) - By Martin Ignasiak KC, Ashley M. White, Jessica Kennedy, and David Wainer, Bennett Jones Canada's budget 2025, released on November 4th, outlines the federal government's "Climate Competitiveness Strategy" as part of the government's new vision for climate-change policy. This is the liberal government's first budget since being elected in April and follows consistent messaging from Canada's budget 2025, released on November 4th, outlines the federal government's "Climate Competitiveness Strategy" as part of the government's new vision for climate-change policy. This is the liberal government's first budget since being elected in April and follows consistent messaging from the last several months: the government is focused on creating conditions that will attract investment into Canada, while building an affordable net-zero future in which Canadian businesses are well-positioned to compete and succeed in the global economy.
- [Anchin | Taxpayers to Feel IRS Shutdown Shockwaves Past Federal Reopening](https://eaccny.com/news/member-news/anchin-taxpayers-to-feel-irs-shutdown-shockwaves-past-federal-reopening/) - When the federal government shut down Oct. 1, the IRS was among the agencies forced to substantially reduce or halt most operations. While the short-term disruption captured headlines, the true cost will reveal itself after the government fully reopens. For businesses and tax professionals, the shutdown triggered long-lasting operational and compliance challenges. Two of the When the federal government shut down Oct. 1, the IRS was among the agencies forced to substantially reduce or halt most operations. While the short-term disruption captured headlines, the true cost will reveal itself after the government fully reopens.
- [Osborne Clarke | How should data centre operators manage artificial intelligence compliance risk in the EEA?](https://eaccny.com/news/member-news/osborne-clarke-how-should-data-centre-operators-manage-artificial-intelligence-compliance-risk-in-the-eea/) - The EU’s AI Act brings fresh challenges for data centre operators – and the regulatory regime will continue to develop The phrase "artificial intelligence" (AI) permeates conversations about technology, business and everyday life. Its revolutionary impact on data processing is undeniable. What is often not appreciated is that the EU's Artificial Intelligence Act imposes obligations The EU’s AI Act brings fresh challenges for data centre operators – and the regulatory regime will continue to develop
- [European Commission | EU welcomes political agreement on the EU Talent Pool, making the EU more attractive to skilled talent from outside the EU](https://eaccny.com/news/chapternews/european-commission-eu-welcomes-political-agreement-on-the-eu-talent-pool-making-the-eu-more-attractive-to-skilled-talent-from-outside-the-eu/) - The European Commission welcomes the provisional political agreement reached today between the European Parliament and the Council on the EU Talent Pool. Once in place, the EU Talent Pool will be the first EU-wide platform to facilitate international recruitment of jobseekers residing outside the EU. This is a key step in making the EU more attractive to The European Commission welcomes the provisional political agreement reached today between the European Parliament and the Council on the EU Talent Pool. Once in place, the EU Talent Pool will be the first EU-wide platform to facilitate international recruitment of jobseekers residing outside the EU. This is a key step in making the EU more attractive to skilled talent from outside the EU, and hence more competitive globally.
- [IMF | Policy Actions Can Reinforce Growth Progress in Many G20 Economies](https://eaccny.com/news/chapternews/imf-policy-actions-can-reinforce-growth-progress-in-many-g20-economies/) - By Nicolas Fernandez-Arias, Shushanik Hakobyan Concerted action on economic reforms can help the G20 achieve the group’s collective growth ambitions, but the reforms with the biggest payoff vary across countries Since the Group of Twenty’s foundational Pittsburgh conference in 2009, progress toward its goal of strong, sustainable, balanced, and inclusive growth has been modest. While G20 Concerted action on economic reforms can help the G20 achieve the group’s collective growth ambitions, but the reforms with the biggest payoff vary across countries
- [World Bank | Commodity Prices to Hit Six-Year Low in 2026 as Oil Glut Expands](https://eaccny.com/news/chapternews/world-bank-commodity-prices-to-hit-six-year-low-in-2026-as-oil-glut-expands/) - Inflationary Pressures Ease, But Geopolitical Tensions Cloud Outlook WASHINGTON, October 29, 2025—Global commodity prices are projected to fall to their lowest level in six years in 2026, marking the fourth consecutive year of decline, according to the World Bank Group’s latest Commodity Markets Outlook. Prices are forecast to drop by 7% in both 2025 and 2026, Inflationary Pressures Ease, But Geopolitical Tensions Cloud Outlook
- [Berkowitz Pollack Brant | 2026 Inflation Adjustments to the Tax Laws](https://eaccny.com/news/member-news/berkowitz-pollack-brant-2026-inflation-adjustments-to-the-tax-laws/) - By Tony Gutierrez, Director of Tax Services, Berkowitz Pollack Brant The IRS released the annual inflation adjustments to more than 60 provisions of the tax code. Taxpayers will use these figures when filing their 2026 federal income tax returns in 2027. Income Tax Rates The income individuals use to determine how much tax they pay The IRS released the annual inflation adjustments to more than 60 provisions of the tax code. Taxpayers will use these figures when filing their 2026 federal income tax returns in 2027.
- [PKF O'Connor Davies | A CFO’s Lifeline: Mastering the 13-week Cash Flow Forecast](https://eaccny.com/news/member-news/pkf-oconnor-davies-a-cfos-lifeline-mastering-the-13-week-cash-flow-forecast/) - By Eric Gelb, CPA, Partner and Joe Marchese, CTP, Partner, PKF O'Connor Davies Key Takeaways: • A 13-week cash flow forecast supports short-term liquidity management and operational planning. • Identifying liquidity opportunities helps improve cash flow stability and flexibility. • Collaboration with financial advisors helps uncover opportunities and manage risk effectively. Many are familiar with Key Takeaways: • A 13-week cash flow forecast supports short-term liquidity management and operational planning. • Identifying liquidity opportunities helps improve cash flow stability and flexibility. • Collaboration with financial advisors helps uncover opportunities and manage risk effectively.
- [IPTI | Property Tax in the News – November 2025](https://eaccny.com/news/member-news/ipti-property-tax-in-the-news-november-2025/) - IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in “IPTI Xtracts” on our website: www.ipti.org. Please note that these are news articles; they do not necessarily reflect IPTI’s views.
- [Trepp | Chief Economist's Weekly Watch – November 17, 2025: Fed Views, Delinquency Dynamics, & Loss Severity](https://eaccny.com/news/member-news/trepp-chief-economists-weekly-watch-november-17-2025-fed-views-delinquency-dynamics-loss-severity/) - By Rachel Szymanski, Chief Economist, Trepp Last week’s big headline was the government reopening, but questions remain about its impact and the timing of key data releases. Here are three things to watch this week... Fed Views & Government Data Situation With government releases still in flux after the shutdown, the most reliable signals this week Last week’s big headline was the government reopening, but questions remain about its impact and the timing of key data releases. Here are three things to watch this week...
- [Council of the EU | EU budget for 2026: Council and Parliament reach agreement](https://eaccny.com/news/chapternews/council-of-the-eu-eu-budget-for-2026-council-and-parliament-reach-agreement/) - The Council and the European Parliament have agreed on the EU’s annual budget for 2026. Next year’s budget will focus on delivering Union priorities and dealing with ongoing challenges. It will boost competitiveness, strengthen Europe’s defence readiness and preparedness, provide support for humanitarian assistance and address migratory pressures. At the same time, the budget safeguards the flexibility to The Council and the European Parliament have agreed on the EU’s annual budget for 2026. Next year’s budget will focus on delivering Union priorities and dealing with ongoing challenges. It will boost competitiveness, strengthen Europe’s defence readiness and preparedness, provide support for humanitarian assistance and address migratory pressures.
- [European Commission | Autumn 2025 Economic Forecast shows continued growth despite challenging environment](https://eaccny.com/news/chapternews/european-commission-autumn-2025-economic-forecast-shows-continued-growth-despite-challenging-environment/) - The European Commission's Autumn 2025 Economic Forecast shows that growth in the first three quarters of 2025 outperformed expectations. While the strong performance was initially driven by a surge in exports in anticipation of tariff increases, the EU economy continued to grow in the third quarter. Looking ahead, economic activity is expected to continue expanding at a moderate pace over The European Commission's Autumn 2025 Economic Forecast shows that growth in the first three quarters of 2025 outperformed expectations. While the strong performance was initially driven by a surge in exports in anticipation of tariff increases, the EU economy continued to grow in the third quarter. Looking ahead, economic activity is expected to continue expanding at a moderate pace over the forecast horizon, despite a challenging external environment.
- [Council of the EU | Council adopts new EU law to speed-up handling of cross-border data protection complaints](https://eaccny.com/news/chapternews/council-of-the-eu-council-adopts-new-eu-law-to-speed-up-handling-of-cross-border-data-protection-complaints/) - Today the Council adopted new rules to improve cooperation between national data protection bodies when they enforce the General Data Protection Regulation (GDPR) in order to speed up the process of handling cross-border data protection complaints. The measures adopted will streamline administrative procedures relating to, for instance, the rights of complainants or the admissibility of Today the Council adopted new rules to improve cooperation between national data protection bodies when they enforce the General Data Protection Regulation (GDPR) in order to speed up the process of handling cross-border data protection complaints. The measures adopted will streamline administrative procedures relating to, for instance, the rights of complainants or the admissibility of cases, and thus make enforcement of the GDPR in cross-border cases more efficient.
- [Jaguar Freight | The Weekly Roar: Tangled up in Tariffs](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-tangled-up-in-tariffs/) - In this week’s Roar: Difficult times for planning, a positive Red Sea update, steady operations at the Port of Long Beach, the strength of Asia-Europe trade, and accelerated AI adoption due to tariffs. For the moment, tariff-related headlines have quieted. However, ongoing tariff drama and a pending Supreme Court decision continue to have an impact. A significant In this week’s Roar: Difficult times for planning, a positive Red Sea update, steady operations at the Port of Long Beach, the strength of Asia-Europe trade, and accelerated AI adoption due to tariffs.
- [CLA | Operationalizing AI Governance: How Technology Powers Responsible AI](https://eaccny.com/news/member-news/cla-operationalizing-ai-governance-how-technology-powers-responsible-ai/) - Strong governance lowers risk, accelerates progress, and makes it easier to show results to leadership and regulators. Responsible AI becomes real when workflows, data, and evidence live in one place. A modern governance environment turns policies into daily routines. The goal is simple — make it easy for financial services teams to do the right Strong governance lowers risk, accelerates progress, and makes it easier to show results to leadership and regulators. Responsible AI becomes real when workflows, data, and evidence live in one place. A modern governance environment turns policies into daily routines. The goal is simple — make it easy for financial services teams to do the right thing and easy for leadership and examiners to see it.
- [ECB | Resilient banks through effective supervision: a pillar of Europe’s competitiveness](https://eaccny.com/news/chapternews/ecb-resilient-banks-through-effective-supervision-a-pillar-of-europes-competitiveness/) - Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the ECB Forum on Banking Supervision 2025 It is a pleasure to deliver the last keynote speech of this year’s banking supervision forum. Over the past two days, we have discussed what Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the ECB Forum on Banking Supervision 2025 It is a pleasure to deliver the last keynote speech of this year’s banking supervision forum. Over the past two days, we have discussed what resilience means in times of challenge, complexity and disruption – and why resilience should be broad based.[1] As the Chair mentioned yesterday morning, broad-based resilience is about strong financials, but equally about operational resilience, sound governance and good risk management. During this period of profound change, a debate on European competitiveness has emerged with full force. Many are asking what the key impediments and main enablers might be for a more competitive European economy. How can we tackle the former and improve the latter? And what role does the banking sector play in shaping the competitiveness of the real economy?
- [OECD | Carbon pricing mechanisms are evolving to meet a broader range of policy objectives](https://eaccny.com/news/chapternews/oecd-carbon-pricing-mechanisms-are-evolving-to-meet-a-broader-range-of-policy-objectives/) - As carbon pricing continues to expand across countries and sectors as part of broader carbon mitigation efforts, design choices are increasingly diverse and flexible to reflect a variety of policy objectives including reducing emissions, raising public revenue, and strengthening energy affordability, energy security, and competitiveness, according to a new OECD report. Effective Carbon Rates 2025: As carbon pricing continues to expand across countries and sectors as part of broader carbon mitigation efforts, design choices are increasingly diverse and flexible to reflect a variety of policy objectives including reducing emissions, raising public revenue, and strengthening energy affordability, energy security, and competitiveness, according to a new OECD report.
- [Cilcare selected as a finalist for the 2025 EEN Awards](https://eaccny.com/news/member-news/cilcare-selected-as-a-finalist-for-the-2025-een-awards/) - Cilcare is proud to announce its selection as one of the three finalists for the Enterprise Europe Network Award 2025, an annual recognition highlighting European SMEs that have successfully leveraged the Network’s support to accelerate their international development. Over the years, the EEN has played a pivotal role in supporting Cilcare’s international expansion by facilitating access to key ecosystems and partners across Europe and Asia. This includes participation in Cilcare is proud to announce its selection as one of the three finalists for the Enterprise Europe Network Award 2025, an annual recognition highlighting European SMEs that have successfully leveraged the Network’s support to accelerate their international development.
- [Vulcan View: The latest EU developments 10 November - 14 November](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-10-november-14-november/) - Commissioner McGrath rolls out his “Democracy Shield” On Wednesday (12 November), Michael McGrath, the European Commissioner for Democracy, Justice, the Rule of Law and Consumer Protection, unveiled a new bulwark against the pressures testing European democracies. The European Democracy Shield aims to fortify the EU against foreign interference, disinformation, and the internal strains undermining trust in institutions. Commissioner McGrath rolls out his “Democracy Shield”, Ireland’s 2025–2030 housing plan: targets, reforms, and reactions, European Parliament backs simpler green rules in contentious vote
- [The Fed | AI and Central Banking](https://eaccny.com/news/chapternews/the-fed-ai-and-central-banking/) - Speech by Governor Michael S. Barr Thank you for the opportunity to speak to you today.1 It is an honor and a pleasure to be here with you in Singapore, a crossroads for global trade and finance, to discuss the transformational nature of artificial intelligence (AI). Like other central banks around the world, including the Monetary Thank you for the opportunity to speak to you today.1 It is an honor and a pleasure to be here with you in Singapore, a crossroads for global trade and finance, to discuss the transformational nature of artificial intelligence (AI). Like other central banks around the world, including the Monetary Authority of Singapore, we at the Federal Reserve have been exploring the use of AI in our operations for quite some time as well as considering the implications of AI's adoption for the financial sector and the broader economy.
- [Council of the EU | Council and Parliament strike a deal on combating cross-border unfair trading practices in the agrifood sector](https://eaccny.com/news/chapternews/council-of-the-eu-council-and-parliament-strike-a-deal-on-combating-cross-border-unfair-trading-practices-in-the-agrifood-sector/) - The Council and the European Parliament reached a provisional deal on a regulation concerning new rules aimed at combating cross-border unfair trading practices in the agricultural and food supply chain. This regulation aims to improve cooperation between EU authorities responsible for enforcing rules on unfair trading practices in the agricultural and food supply chain. It is part The Council and the European Parliament reached a provisional deal on a regulation concerning new rules aimed at combating cross-border unfair trading practices in the agricultural and food supply chain.
- [IMF | Even as Global Uncertainty Surges, Economic Sentiment Remains Positive](https://eaccny.com/news/chapternews/imf-even-as-global-uncertainty-surges-economic-sentiment-remains-positive/) - Blog post by Hites Ahir, Nicholas Bloom, Davide Furceri Amid rising geopolitical rifts and trade tensions, global economic uncertainty has surged, yet sentiment about economic prospects remains positive Major policy shifts this year have been adding to unknowns about the future and policy decisions, according to our World Uncertainty Index, which has doubled since January. Uncertainty Amid rising geopolitical rifts and trade tensions, global economic uncertainty has surged, yet sentiment about economic prospects remains positive
- [Bannockburn Capital Markets | US Dollar Remains Soft Despite Disappointing UK Growth and Eurozone Industrial Output](https://eaccny.com/news/member-news/bannockburn-capital-markets-us-dollar-remains-soft-despite-disappointing-uk-growth-and-eurozone-industrial-output/) - Overview: The US dollar is trading heavier against most of the world's currencies today. Better than expected Australian employment data, which boosts speculation that the central bank's easing cycle is over, helps explain the Australian dollar's gain to its best level of the month. However, sterling is firm and extended yesterday's gains despite news that the Overview: The US dollar is trading heavier against most of the world's currencies today. Better than expected Australian employment data, which boosts speculation that the central bank's easing cycle is over, helps explain the Australian dollar's gain to its best level of the month. However, sterling is firm and extended yesterday's gains despite news that the economy contracted in September and barely grew at all in Q3. September industrial output in the eurozone disappointed but the euro reached $1.1635, a new high for the month, as well. Emerging market currencies are also firmer, but for a few East Asian currencies, and the Turkish lira.
- [ACG Resources | The Four Essential Types of Modern Employee](https://eaccny.com/news/member-news/acg-resources-the-four-essential-types-of-modern-employee-2/) - The modern workplace is made up of diverse groups of people from a variety of backgrounds who possess an eclectic mix of skills and interests. Gone are the days when everyone in an office tended to look and sound the same. Today, you will find a variety of people sharing a workspace, each with their The modern workplace is made up of diverse groups of people from a variety of backgrounds who possess an eclectic mix of skills and interests. Gone are the days when everyone in an office tended to look and sound the same. Today, you will find a variety of people sharing a workspace, each with their own unique blend of experiences and beliefs. In response to this new landscape, the archetype of the “modern employee” has evolved significantly. There are four types of employees who have found strong footholds in today’s workplace:
- [European Commission | EU aims to advance global clean transition and implementation of the Paris Agreement at UN's COP30](https://eaccny.com/news/chapternews/european-commission-eu-aims-to-advance-global-clean-transition-and-implementation-of-the-paris-agreement-at-uns-cop30/) - At the COP30 UN Climate Change Conference in Belém, Brazil, from 10-21 November, the European Union will reaffirm its strong commitment to climate action. The EU is dedicated to paving the way toward a global transition that is clean, fair, and resilient. This transition aims to provide clean and affordable energy, create business opportunities, stimulate growth, enhance At the COP30 UN Climate Change Conference in Belém, Brazil, from 10-21 November, the European Union will reaffirm its strong commitment to climate action. The EU is dedicated to paving the way toward a global transition that is clean, fair, and resilient. This transition aims to provide clean and affordable energy, create business opportunities, stimulate growth, enhance industrial competitiveness, and leave no one behind.
- [Transatlantic Trade Monitor: Facts You Need Now | Preparing for 2026 – A View from the Bridge](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-preparing-for-2026-a-view-from-the-bridge/) - It’s already decided… the word of the year in maritime shipping is UNCERTAINTY. And with plenty of trade-related questions still unanswered, the challenge is going to continue. To help you navigate what’s currently happening and prepare for 2026, here are three predictions on what shippers can expect from the ocean freight market moving forward. Prediction It’s already decided… the word of the year in maritime shipping is UNCERTAINTY. And with plenty of trade-related questions still unanswered, the challenge is going to continue. To help you navigate what’s currently happening and prepare for 2026, here are three predictions on what shippers can expect from the ocean freight market moving forward.
- [Bannockburn Capital Markets | Deal to Re-Open the US Government Helps Boost Risk Appetites](https://eaccny.com/news/member-news/bannockburn-capital-markets-deal-to-re-open-the-us-government-helps-boost-risk-appetites/) - Overview: The prospect that the longest US government shutdown in history may end in the next few days has bolstered risk appetites, driven equities broadly higher and left the dollar non-plussed. The greenback is mixed against the G10 currencies. The Japanese yen, which appears have been dragged lower by the jump in US rates. The dollar-bloc Overview: The prospect that the longest US government shutdown in history may end in the next few days has bolstered risk appetites, driven equities broadly higher and left the dollar non-plussed. The greenback is mixed against the G10 currencies. The Japanese yen, which appears have been dragged lower by the jump in US rates. The dollar-bloc currencies and Scandis are leading the move against the dollar. Among emerging market currencies, the Indian rupee, Turkish lira, Thai baht, and a few central European currencies are nursing minor losses. The South African rand, Malaysian ringgit, South Korean won lead the complex higher.
- [Transatlantic Trade Monitor: Facts You Need Now | US–EU Trade Deal Restores Zero Tariffs on Aircraft and Aircraft Parts](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-us-eu-trade-deal-restores-zero-tariffs-on-aircraft-and-aircraft-parts/) - By: Edward H. Kammerer, James LeBrun, Laura Siegel Rabinowitz, Greenberg Traurig On July 28, 2025, the White House announced that the United States and European Union reached a new trade agreement. This new agreement reinstates the zero-for-zero tariff framework originally established under the 1979 Civil Aircraft Agreement, under which aircraft and aircraft parts were exempt On July 28, 2025, the White House announced that the United States and European Union reached a new trade agreement. This new agreement reinstates the zero-for-zero tariff framework originally established under the 1979 Civil Aircraft Agreement, under which aircraft and aircraft parts were exempt from tariffs. The announcement came just days before the Aug. 1 deadline for the Trump administration tariffs to take effect.
- [Transatlantic Trade Monitor: Facts You Need Now | Trump’s Emergency Tariffs Face Scrutiny—and Skepticism—at the Supreme Court](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-trumps-emergency-tariffs-face-scrutiny-and-skepticism-at-the-supreme-court/) - By Aaron C. Mandelbaum, David M. Schwartz, Samir D. Varma, Francesca M.S. Guerrero & Scott E. Diamond On November 5, 2025, the U.S. Supreme Court heard oral arguments in a high-profile consolidated appeal challenging whether President Donald Trump lawfully invoked the International Emergency Economic Powers Act (“IEEPA”) to impose tariffs. The cases challenge two sets of tariffs Trump implemented earlier this year: (1) On November 5, 2025, the U.S. Supreme Court heard oral arguments in a high-profile consolidated appeal challenging whether President Donald Trump lawfully invoked the International Emergency Economic Powers Act (“IEEPA”) to impose tariffs. The cases challenge two sets of tariffs Trump implemented earlier this year: (1) tariffs against Canada, China, and Mexico in response to alleged inaction on illegal fentanyl trafficking (see Update of February 3, 2025); and (2) sweeping “reciprocal” tariffs targeting nearly all major U.S. trading partners to address persistent trade-in-goods deficits (see Update of April 3, 2025).
- [Wilson Sonsini | What’s Happening at the FTC During the Government Shutdown?](https://eaccny.com/news/member-news/wilson-sonsini-whats-happening-at-the-ftc-during-the-government-shutdown/) - The federal government has been shut down for over a month. We previously reported on implications for the Federal Trade Commission’s (FTC) antitrust work here. What does the shutdown mean for the FTC’s consumer protection, privacy, safety, and AI work? For one thing, the FTC may be getting a new commissioner. On October 29, 2025, The federal government has been shut down for over a month. We previously reported on implications for the Federal Trade Commission’s (FTC) antitrust work here. What does the shutdown mean for the FTC’s consumer protection, privacy, safety, and AI work?
- [ECB | Climate performance matters for bank credit in the euro area](https://eaccny.com/news/chapternews/ecb-climate-performance-matters-for-bank-credit-in-the-euro-area/) - By Petra Köhler-Ulbrich, Yuma Schuster and Nikoleta Tushteva Banks consider the climate performance of firms and buildings in their lending policies. The euro area bank lending survey shows that lower climate risks tend to improve credit conditions. Meanwhile, green investments increase loan demand from firms and households. Reducing a firm’s carbon emissions or improving the Banks consider the climate performance of firms and buildings in their lending policies. The euro area bank lending survey shows that lower climate risks tend to improve credit conditions. Meanwhile, green investments increase loan demand from firms and households. Reducing a firm’s carbon emissions or improving the energy efficiency of a building can help businesses and households to get a loan from the bank at more favourable conditions, the euro area bank lending survey (BLS) finds. According to the banks surveyed, the climate performance of businesses and buildings also affects loan demand from firms and households.[1] In this blog post, we summarise these trends and explore what is behind them.
- [Jaguar Freight | The Weekly Roar: Preparedness = Proactive Planning and Preparation](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-preparedness-proactive-planning-and-preparation/) - In this week’s Roar: More on the U.S.-China trade deal, the latest Logistics Manager Index, the October PMI, shifting air freight markets, and thoughts on supply chain disruption. We noted last week that President Trump and President Xi reached a trade deal addressing several issues, and more details have been published. These include China lifting its export controls In this week’s Roar: More on the U.S.-China trade deal, the latest Logistics Manager Index, the October PMI, shifting air freight markets, and thoughts on supply chain disruption. We noted last week that President Trump and President Xi reached a trade deal addressing several issues, and more details have been published. These include China lifting its export controls on rare earths and critical minerals, suspending tariffs on U.S. agricultural products, resuming soybean purchases, and stopping semiconductor investigations. Both sides agreed to delay the implementation of maritime-related sanctions. The U.S. will reduce certain tariffs and extend exclusions, resulting in an effective average rate of U.S. tariffs of 47% moving forward. In additional tariff news, the Supreme Court heard arguments last week on the legality of Section 301 tariffs. However, a decision is likely a month or more away.
- [Jaguar Freight | The Weekly Roar: Ho! Ho! Hold the Holidays](https://eaccny.com/news/member-news/the-weekly-roar-from-jaguar-freight-ho-ho-hold-the-holidays/) - In this week’s Roar: Where U.S.-China will lead us, the Supreme Court and the IEEPA, a new rush on airfreight from China, don’t expect improvements in the Red Sea (yet), and a new framework for tracking emissions.
- [Jaguar Freight | The Weekly Roar: D.C. Brake Checks: Will Supply Chains Skid to a Halt?](https://eaccny.com/news/member-news/the-weekly-roar-from-jaguar-freight-d-c-brake-checks-will-supply-chains-skid-to-a-halt/) - In this week’s Roar: A big week of trade deals, the government shutdown and air cargo, major infrastructure projects across the U.S., calls to rebuild American commercial shipping capacity, and uncertainty about manufacturing strategies. Resolution of the U.S.-China trade dispute has always been the elephant in the room since the tariff fights began earlier this year. On In this week’s Roar: A big week of trade deals, the government shutdown and air cargo, major infrastructure projects across the U.S., calls to rebuild American commercial shipping capacity, and uncertainty about manufacturing strategies.
- [GDLSK | IEEPA Litigation Update](https://eaccny.com/news/member-news/gdlsk-ieepa-litigation-update/) - On November 5, 2025, the U.S. Supreme Court heard oral argument in Learning Resources, Inc. v. Trump (24-1287), and Trump, President of U.S. v. V.O.S. Selections, Inc. (25-250), cases brought by five importers and by several states challenging the Administration’s reliance on the International Emergency Economic Powers Act (IEEPA) to impose broad tariff measures. The oral argument lasted nearly On November 5, 2025, the U.S. Supreme Court heard oral argument in Learning Resources, Inc. v. Trump (24-1287), and Trump, President of U.S. v. V.O.S. Selections, Inc. (25-250), cases brought by five importers and by several states challenging the Administration’s reliance on the International Emergency Economic Powers Act (IEEPA) to impose broad tariff measures. The oral argument lasted nearly three hours with the justices posing pointed questions to both sides. Three justices were clearly skeptical that IEEPA confers upon the President the power to impose tariffs. Three other justices expressed discomfort with the government’s position that IEEPA gives the President nearly unlimited power to impose such tariffs, being that the Constitution limits that power to Congress. A split decision appears likely but it is anyone’s guess as to how the Court will rule. We do expect a decision within the next couple of months because the Court has put this case on a fast track.
- [European Commission | EU supports the clean transition with over €358 million of investment in 132 new projects across Europe](https://eaccny.com/uncategorized/european-commission-eu-supports-the-clean-transition-with-over-e358-million-of-investment-in-132-new-projects-across-europe/) - The Commission has granted today more than €358 million to 132 new projects across Europe under the LIFE Programme for environment and climate action. The allocated amount represents more than half of the €536 million total investment needs for these projects – the remainder coming from national, regional and local governments, public-private partnerships, businesses, and civil society organisations. LIFE The Commission has granted today more than €358 million to 132 new projects across Europe under the LIFE Programme for environment and climate action. The allocated amount represents more than half of the €536 million total investment needs for these projects – the remainder coming from national, regional and local governments, public-private partnerships, businesses, and civil society organisations.
- [CLA | From Assessment to Action: Bridging AI Governance and IRM Technology](https://eaccny.com/news/member-news/cla-from-assessment-to-action-bridging-ai-governance-and-irm-technology/) - AI policies are meaningful when they lead to specific obligations and control activities. Consider mapping policies and controls to your standards and regulations. Assessments surface gaps. Action closes them. After an AI governance assessment, many financial institutions see similar findings. Ownership is unclear. No single inventory exists. Validation practices vary by team. Third-party oversight is AI policies are meaningful when they lead to specific obligations and control activities. Consider mapping policies and controls to your standards and regulations. Assessments surface gaps. Action closes them. After an AI governance assessment, many financial institutions see similar findings. Ownership is unclear. No single inventory exists. Validation practices vary by team. Third-party oversight is uneven. The path forward is to translate these findings into a simple operating model supported by the right technology.
- [European External Action Service | EU investments in defence: Council and Parliament agree to support faster, more flexible and coordinated investments in European defence](https://eaccny.com/news/chapternews/european-external-action-service-eu-investments-in-defence-council-and-parliament-agree-to-support-faster-more-flexible-and-coordinated-investments-in-european-defence/) - The Council and the European Parliament negotiators reached a provisional agreement on measures to incentivise defence-related investments in the current EU budget to implement the so-called ReArm Europe plan, an EU initiative to increase defence spending and strengthen the EU’s military capabilities. The agreement includes a landmark decision to associate Ukraine to the European Defence Fund, underscoring The Council and the European Parliament negotiators reached a provisional agreement on measures to incentivise defence-related investments in the current EU budget to implement the so-called ReArm Europe plan, an EU initiative to increase defence spending and strengthen the EU’s military capabilities.
- [ECB | Credit Ratings: How the ECB strives to properly account for climate risks](https://eaccny.com/news/chapternews/ecb-credit-ratings-how-the-ecb-strives-to-properly-account-for-climate-risks/) - By Anamaria Piloiu, Oleg Reichmann and Florian Resch Climate risks affect credit ratings. And these, in turn, influence how banks can use securities as collateral to borrow money. This post takes a closer look at how the Eurosystem integrates climate change risks into its own collateral framework, through the credit risk channel. Central banks must Climate risks affect credit ratings. And these, in turn, influence how banks can use securities as collateral to borrow money. This post takes a closer look at how the Eurosystem integrates climate change risks into its own collateral framework, through the credit risk channel. Central banks must prepare for the financial risks that come with rising temperatures and fast-evolving green policies. In the Eurosystem, we are actively working to ensure that the euro area’s monetary policy framework keeps pace with the realities of climate change.
- [Vulcan View: The latest EU developments 3 November - 7 November](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-3-november-7-november/) - European Parliament prepares to push back on EU-U.S. tariff deal The European Parliament’s trade committee plans to toughen its stance on the EU-U.S. Trade and Tariffs Deal, setting the stage for a potential political fight over how far Brussels should go in accommodating Washington. Meeting on 4 November, the International Trade (INTA) Committee debated its European Parliament prepares to push back on EU-U.S. tariff deal, Ireland’s “Future Forty” forecast warns of a tight decade for fiscal reform, European Commission adopts 2025 Enlargement Package
- [European Commission | EU is progressing towards its 2030 climate and energy goals while tackling high energy prices, State of the Energy Union Report 2025 shows](https://eaccny.com/news/chapternews/european-commission-eu-is-progressing-towards-its-2030-climate-and-energy-goals-while-tackling-high-energy-prices-state-of-the-energy-union-report-2025-shows/) - Today, the Commission has published the State of the Energy Union Report 2025 and the accompanying Climate Action Progress Report 2025. They show the significant strides the EU has made in transitioning to a robust and integrated Energy Union by progressing on the clean energy transition with more renewables, addressing high and volatile energy prices and affordability, and further reducing greenhouse gas (GHG) emissions. This Today, the Commission has published the State of the Energy Union Report 2025 and the accompanying Climate Action Progress Report 2025. They show the significant strides the EU has made in transitioning to a robust and integrated Energy Union by progressing on the clean energy transition with more renewables, addressing high and volatile energy prices and affordability, and further reducing greenhouse gas (GHG) emissions. This is increasing competitiveness, decarbonisation and strengthen energy security and independence reducing EU's reliance on imported fossil fuels.
- [ECB | Working Paper Series: The protectionist gamble: How tariffs shape greenfield foreign direct investment](https://eaccny.com/news/chapternews/ecb-working-paper-series-the-protectionist-gamble-how-tariffs-shape-greenfield-foreign-direct-investment/) - Abstract: Motivated by current events, this paper assesses the impact of tariff increases on bilateral greenfield foreign direct investment (FDI) over the period 2016-2023. Leveraging a comprehensive dataset of announced greenfield investment projects, official FDI statistics, and bilateral product-level tariff data, we estimate a series of gravity equations to uncover key relationships. Our results show Abstract: Motivated by current events, this paper assesses the impact of tariff increases on bilateral greenfield foreign direct investment (FDI) over the period 2016-2023. Leveraging a comprehensive dataset of announced greenfield investment projects, official FDI statistics, and bilateral product-level tariff data, we estimate a series of gravity equations to uncover key relationships. Our results show that, at an aggregate level, tariff increases are associated with a rise in greenfield FDI, consistent with the tariff-jumping hypothesis. However, this positive effect reverses for greenfield manufacturing FDI, where high-intensity tariff increases significantly deter investment. A sectoral analysis reveals substantial heterogeneity: consumer-facing industries tend to attract more investment following tariff hikes, while input-intensive sectors experience declines. Overall, our findings suggest that using tariffs to stimulate foreign manufacturing investment is a risky strategy.
- [HSBC | We’ve updated our Net Zero Transition Plan](https://eaccny.com/news/member-news/hsbc-weve-updated-our-net-zero-transition-plan/) - We’ve published our updated Net Zero Transition Plan (NZTP), setting out an evolved, commercially grounded approach to helping customers succeed as the world moves towards a net zero economy. Building on our inaugural NZTP published in January 2024, this updated plan reaffirms our ambition to become a net zero bank by 2050, while responding to We’ve published our updated Net Zero Transition Plan (NZTP), setting out an evolved, commercially grounded approach to helping customers succeed as the world moves towards a net zero economy.
- [Trepp | Mamdani Spells Trouble for NYC Multifamily Owners](https://eaccny.com/news/member-news/trepp-mamdani-spells-trouble-for-nyc-multifamily-owners/) - Zohran Mamdani, the winner of New York City's mayoral election, has proposed freezing rents at the city's rent-stabilized apartment properties. He's proposed other freebies, like bus trips and daycare, but we'll focus on his promise to make apartments rents affordable—by, of all things, freezing them. Mamdani has also proposed building another 200,000 units over the Zohran Mamdani, the winner of New York City's mayoral election, has proposed freezing rents at the city's rent-stabilized apartment properties. He's proposed other freebies, like bus trips and daycare, but we'll focus on his promise to make apartments rents affordable—by, of all things, freezing them.
- [IMF | How can Europe Pay for Things it Cannot Afford?](https://eaccny.com/news/chapternews/imf-how-can-europe-pay-for-things-it-cannot-afford/) - Speech by Alfred Kammer, Director, IMF European Department, at the House of the Euro, Brussels Thank you, [Mr. Kisselevsky], for the kind welcome and the ECB for hosting us again here in Brussels at the House of the Euro. The year 2025 marked a period of profound transformation in the global economy, driven by a reconfiguration of trade policies. Thank you, [Mr. Kisselevsky], for the kind welcome and the ECB for hosting us again here in Brussels at the House of the Euro. The year 2025 marked a period of profound transformation in the global economy, driven by a reconfiguration of trade policies. For Europe, these developments follow a series of crises—from the pandemic, to Russia’s invasions of Ukraine—that have tested the region’s resilience. Timely policy action has helped avoid the worst, and Europe continues to grow—but it is now becoming evident that Europe faces very low growth over the medium term.
- [Ogletree Deakins | Cybersecurity Awareness Month in Focus, Part III: The EU AI Act Is Here—What It Means for U.S. Employers](https://eaccny.com/news/member-news/ogletree-deakins-cybersecurity-awareness-month-in-focus-part-iii-the-eu-ai-act-is-here-what-it-means-for-u-s-employers/) - By Benjamin W. Perry and Justin T. Tarka, Ogletree Deakins The European Union’s Artificial Intelligence (AI) Act, effective from August 1, 2024, imposes a risk-based framework on AI systems used within the EU, affecting U.S. employers that use AI for HR functions involving EU candidates or employees. With significant penalties for noncompliance, the AI Act categorizes many workplace The European Union’s Artificial Intelligence (AI) Act, effective from August 1, 2024, imposes a risk-based framework on AI systems used within the EU, affecting U.S. employers that use AI for HR functions involving EU candidates or employees. With significant penalties for noncompliance, the AI Act categorizes many workplace AI uses as “high risk,” requiring immediate adherence to specific obligations and full compliance by August 2027.
- [ECB | Love at second sight: support for the euro before and after adoption](https://eaccny.com/news/chapternews/ecb-love-at-second-sight-support-for-the-euro-before-and-after-adoption/) - By Ferdinand Dreher and Nils Hernborg, ECB Many Bulgarians are still hesitant about giving up the Lev on 1 January. Mixed feelings are not uncommon in countries adopting the euro. However, survey data show that support significantly increases once people start using the euro in their daily lives. When countries prepare to adopt the euro, Many Bulgarians are still hesitant about giving up the Lev on 1 January. Mixed feelings are not uncommon in countries adopting the euro. However, survey data show that support significantly increases once people start using the euro in their daily lives.
- [European Commission | EU boosts Europe's competitiveness with new plans for high-speed rail and sustainable fuels for aviation and waterborne sectors](https://eaccny.com/news/chapternews/european-commission-eu-boosts-europes-competitiveness-with-new-plans-for-high-speed-rail-and-sustainable-fuels-for-aviation-and-waterborne-sectors/) - The European Commission today adopted a comprehensive transport package. It will accelerate the roll-out of Europe's high-speed rail network and to boost investment in renewable and low-carbon fuels for the aviation and waterborne sectors. Competitiveness and sustainability are the guiding principles of this package, which aims to make the EU transport system more efficient, interconnected, The European Commission today adopted a comprehensive transport package. It will accelerate the roll-out of Europe's high-speed rail network and to boost investment in renewable and low-carbon fuels for the aviation and waterborne sectors. Competitiveness and sustainability are the guiding principles of this package, which aims to make the EU transport system more efficient, interconnected, accessible, clean and resilient. The measures presented today cover two key areas – rail, where Europe already leads on sustainability, and fuels, where Europe must now accelerate investments for its energy transition.
- [Council of the EU | 2040 climate target: Council agrees its position on a 90% emissions reduction](https://eaccny.com/news/chapternews/council-of-the-eu-2040-climate-target-council-agrees-its-position-on-a-90-emissions-reduction/) - Today, the Council has reached an agreement on amending the European climate law (ECL), introducing a binding intermediate climate target for 2040 of a 90% reduction in net greenhouse gas (GHG) emissions, compared to 1990 levels. This new target is a crucial step towards the EU’s long-term goal of achieving climate neutrality by 2050. The amendment Today, the Council has reached an agreement on amending the European climate law (ECL), introducing a binding intermediate climate target for 2040 of a 90% reduction in net greenhouse gas (GHG) emissions, compared to 1990 levels. This new target is a crucial step towards the EU’s long-term goal of achieving climate neutrality by 2050.
- [NAL Research Delivers Assured Connectivity and Enhanced Mission Performance with New SHOUT nano 200 Tracker](https://eaccny.com/news/member-news/nal-research-delivers-assured-connectivity-and-enhanced-mission-performance-with-new-shout-nano-200-tracker/) - The advanced SHOUT nano 200 device will offer comprehensive features and multiple communication methods for increased user safety and operational resilience MANASSAS, Va., October 7, 2025 – NAL Research, a leader in innovative, global connectivity solutions trusted by government and enterprise customers, is announcing a powerful addition to its industry-defining SHOUT product line with SHOUT nano 200. The MANASSAS, Va., October 7, 2025 – NAL Research, a leader in innovative, global connectivity solutions trusted by government and enterprise customers, is announcing a powerful addition to its industry-defining SHOUT product line with SHOUT nano 200. The new tracker provides federal agencies and militaries with enhanced performance, assurance, and adaptability for connectivity in any mission.
- [NAL Research & Blue Sky Network Solutions Successfully Demonstrate Situational Awareness & Video Capabilities at Arctic Warrior Experiment 2025](https://eaccny.com/news/member-news/blue-sky-network-nal-research-blue-sky-network-solutions-successfully-demonstrate-situational-awareness-video-capabilities-at-arctic-warrior-experiment-2025/) - Deep in the rugged landscapes of Norway, a small rover makes its way through the snow. NAL Research’s SHOUT nano and QuickNav devices are attached, providing real-time position reporting while Blue Sky Network’s SkyLink® solution sits atop, enabling live video monitoring and the capacity for command and control (C2) of the vehicle. Inside a nearby building, side-by-side monitors display the Deep in the rugged landscapes of Norway, a small rover makes its way through the snow. NAL Research’s SHOUT nano and QuickNav devices are attached, providing real-time position reporting while Blue Sky Network’s SkyLink® solution sits atop, enabling live video monitoring and the capacity for command and control (C2) of the vehicle. Inside a nearby building, side-by-side monitors display the video feed and the rover’s location through Blue Sky Network’s secure cloud-based portal, SkyRouter.
- [NAL Research | MDSI partners with Integrity ISR, LSAS Tec, and NAL Research for multi-domain situational awareness](https://eaccny.com/news/member-news/blue-sky-network-mdsi-partners-with-integrity-isr-lsas-tec-and-nal-research-for-multi-domain-situational-awareness/) - Aalborg, Denmark – January 22, 2025 – MDSI (EU & US) announced today collaboration partnerships with Integrity ISR, LSAS Tec, and NAL Research to pursue concept exploration and advanced development in multi-domain situational awareness. The partnership is initially focused on expanding Quantum Eye, MDSI EU’s multi-domain situational awareness platform, which is now providing critical ISR Aalborg, Denmark – January 22, 2025 – MDSI (EU & US) announced today collaboration partnerships with Integrity ISR, LSAS Tec, and NAL Research to pursue concept exploration and advanced development in multi-domain situational awareness. The partnership is initially focused on expanding Quantum Eye, MDSI EU’s multi-domain situational awareness platform, which is now providing critical ISR services for Greenland.
- [NAL Research | Blue Sky Network Announces SkyLink Aviation Qualifications](https://eaccny.com/news/member-news/blue-sky-network-announces-skylink-aviation-qualifications/) - SkyLink, Blue Sky Network’s 2x award-winning connectivity platform, is now DO-160G qualified for aviation
- [Stephenson Harwood | Data Protection Update - October 2025](https://eaccny.com/news/member-news/stephenson-harwood-data-protection-update-october-2025/) - Welcome to the latest edition of the Stephenson Harwood Data Protection update, covering key developments in data regulation and cyber security law in October 2025. In data regulation news, the European Data Protection Board (“EDPB”) focuses its coordinated enforcement framework on transparency and information obligations under the EU General Data Protection Regulation (“GDPR”); and the ICO launches In data regulation news, the European Data Protection Board (“EDPB”) focuses its coordinated enforcement framework on transparency and information obligations under the EU General Data Protection Regulation (“GDPR”); and the ICO launches a consultation on supporting charities to use the “charitable purpose soft opt-in”, introduced by the Data (Use and Access) Act 2025. In cyber security news, Capita is fined £14 million for a data breach affecting over six million people; and UK nursery group Kido notifies the ICO of a personal data breach involving children’s data. In enforcement and civil litigation news, the UK Upper Tribunal issues an important ruling on the scope of the UK GDPR, finding that it applied to Clearview AI Inc.; and an individual is awarded €50,000 in damages following an EU General Court ruling.
- [EIB Investment Survey 2025 - European Union](https://eaccny.com/news/member-news/eib-investment-survey-2025-european-union/) - About the EIB Investment Survey The EIB Group Investment Survey (EIBIS), conducted annually since 2016, is a unique survey of some 13 000 firms across all EU Member States, with an additional sample from the United States. The survey collects data on firm characteristics and performance, past investment activities and future plans, sources of finance, The EIB Group Investment Survey (EIBIS), conducted annually since 2016, is a unique survey of some 13 000 firms across all EU Member States, with an additional sample from the United States. The survey collects data on firm characteristics and performance, past investment activities and future plans, sources of finance, financing issues and other challenges, such as climate change and digital transformation. The EIBIS uses a stratified sampling methodology and is representative across all 27 EU Member States and the United States, as well as across four categories of firm size (micro to large) and four main economic sectors (manufacturing, construction, services and infrastructure). The survey is designed to build a panel of observations, supporting the analysis of time-series data. Observations can also be linked back to data on firm balance sheets and profit and loss statements. Developed and managed by the EIB Economics Department, the survey is conducted in collaboration with Ipsos. More background and technical details can be found at www.eib.org/eibis.
- [Thompson Hine | USPTO Launches Streamlined Claim Set Pilot Program: A New Path to Faster Examination](https://eaccny.com/news/member-news/thompson-hine-uspto-launches-streamlined-claim-set-pilot-program-a-new-path-to-faster-examination/) - The USPTO has opened a new pathway in the examination queue with its Streamlined Claim Set Pilot Program. Effective October 27, 2025, this limited-duration initiative allows qualifying applications to move “out of turn” to a first Office action, offering potential advantages for applicants willing to narrow their claim sets and meet strict procedural requirements—while requiring The USPTO has opened a new pathway in the examination queue with its Streamlined Claim Set Pilot Program. Effective October 27, 2025, this limited-duration initiative allows qualifying applications to move “out of turn” to a first Office action, offering potential advantages for applicants willing to narrow their claim sets and meet strict procedural requirements—while requiring careful navigation of tradeoffs and procedural pitfalls.
- [European Commission | 2025 Enlargement Package shows progress towards EU membership for key enlargement partners](https://eaccny.com/news/chapternews/european-commission-2025-enlargement-package-shows-progress-towards-eu-membership-for-key-enlargement-partners/) - Today, the European Commission adopted its annual Enlargement Package, presenting a comprehensive assessment of the progress made by the enlargement partners over the past twelve months. This year's package reaffirms that the momentum for enlargement stands high on the priority agenda of the EU. It also confirms that the accession of new Member States is Today, the European Commission adopted its annual Enlargement Package, presenting a comprehensive assessment of the progress made by the enlargement partners over the past twelve months. This year's package reaffirms that the momentum for enlargement stands high on the priority agenda of the EU. It also confirms that the accession of new Member States is increasingly within reach.
- [ECB | Bulgaria on the euro’s doorstep: towards a shared future](https://eaccny.com/news/chapternews/ecb-bulgaria-on-the-euros-doorstep-towards-a-shared-future/) - Speech by Christine Lagarde, President of the ECB, at the high-level conference on “Bulgaria on the Doorstep of the Eurozone”, jointly organised by the Bulgarian Ministry of Finance and Българска народна банка (Bulgarian National Bank) On 1 January 2026 Bulgaria will adopt the euro as its currency. The change will happen in a single night, Speech by Christine Lagarde, President of the ECB, at the high-level conference on “Bulgaria on the Doorstep of the Eurozone”, jointly organised by the Bulgarian Ministry of Finance and Българска народна банка (Bulgarian National Bank)
- [Trepp | Inside the $4.8T CRE Debt Universe](https://eaccny.com/news/member-news/trepp-inside-the-4-8t-cre-debt-universe/) - By Andy Boettcher, Head of Research, Trepp, and Rachel Szymanski, Chief Economist, Trepp After two years of tightening credit and economic uncertainty, the commercial real estate (CRE) debt market is revealing a split across different lender types. Using data from the Federal Reserve’s Financial Accounts of the United States (Z.1), we examine how outstanding balances After two years of tightening credit and economic uncertainty, the commercial real estate (CRE) debt market is revealing a split across different lender types.
- [Consulate General of Finland | Finland and USA Deepen Icebreaker Cooperation](https://eaccny.com/news/member-news/consulate-general-of-finland-finland-and-usa-deepen-icebreaker-cooperation/) - Finland and the United States have signed a memorandum of understanding on icebreaker cooperation. Finnish President Alexander Stubb and US President Donald Trump signed the memorandum of understanding at their meeting in Washington on 9 October. Finnish Prime Minister Petteri Orpo also attended the meeting. This memorandum of understanding lays the foundation for commercial agreements Finland and the United States have signed a memorandum of understanding on icebreaker cooperation. Finnish President Alexander Stubb and US President Donald Trump signed the memorandum of understanding at their meeting in Washington on 9 October. Finnish Prime Minister Petteri Orpo also attended the meeting. This memorandum of understanding lays the foundation for commercial agreements between the United States Coast Guard and Finnish companies.
- [EIB | Bio-based industries are Europe’s assets says EIB report](https://eaccny.com/news/member-news/eib-bio-based-industries-are-europes-assets-says-eib-report/) - A new study published today by the European Investment Bank (EIB) shows that scaling up bio-based industries can strengthen EU’s strategic autonomy as well as competitiveness, foster innovation and create growth and jobs, particularly in rural and coastal regions. Improving access to finance by expanding venture debt and early-stage investment offerings can accelerate the upscaling of new A new study published today by the European Investment Bank (EIB) shows that scaling up bio-based industries can strengthen EU’s strategic autonomy as well as competitiveness, foster innovation and create growth and jobs, particularly in rural and coastal regions.
- [NAL Research | Introducing PntGuard™ – the ultimate safeguard against GNSS spoofing and jamming at sea](https://eaccny.com/news/member-news/nal-research-introducing-pntguard-the-ultimate-safeguardagainst-gnss-spoofing-and-jamming-at-sea/) - LYSAKER, Norway, and MANASSAS, Va., USA, October 30, 2025 — Tschudi Shipping Company, NAL Research, and SGM Technology AS today commercially launched PntGuard™, a maritime-security solution that provides pinpoint situational awareness. It supports navigational integrity at a time when GNSS signals can no longer be taken for granted. A standalone navigational aid independent of all other bridge systems, PntGuard delivers instant alerts LYSAKER, Norway, and MANASSAS, Va., USA, October 30, 2025 — Tschudi Shipping Company, NAL Research, and SGM Technology AS today commercially launched PntGuard™, a maritime-security solution that provides pinpoint situational awareness. It supports navigational integrity at a time when GNSS signals can no longer be taken for granted. A standalone navigational aid independent of all other bridge systems, PntGuard delivers instant alerts the moment a vessel’s position is falsified, providing true position data when other bridge systems are compromised.
- [Littler | Policy Week in Review](https://eaccny.com/news/member-news/littler-policy-week-in-review/) - By Shannon Meade Executive Director, Workplace Policy Institute, Jim Paretti, Alex MacDonald, and Maury Baskin, Shareholders, Littler Washington, D.C. NLRB Challenges California Over New Labor Law The National Labor Relations Board (NLRB) on Thursday filed suit against the state of California and the Public Employment Relations Board (PERB) in the U.S. District Court for the Eastern NLRB Challenges California Over New Labor Law , Senate to Hold Second Hearing on Labor Law Reform, Littler WPI Urges IRS to Clarify that App-based Delivery Drivers Qualify for the “No Tax on Tips” Policy
- [Bannockburn Capital Markets | November 2025 Monthly](https://eaccny.com/news/member-news/bannockburn-capital-markets-november-2025-monthly/) - The world economy is limping into November 2025, buffeted by geopolitical crosswinds, policy fragmentation, and structural shifts that defy easy categorization. Despite record highs in many equity markets, beneath the surface, the global order is being re-engineered—one export restriction, cyberattack, and parliamentary deadlock at a time. US-China Tensions Move Away from the Immediate Brink Let’s The world economy is limping into November 2025, buffeted by geopolitical crosswinds, policy fragmentation, and structural shifts that defy easy categorization. Despite record highs in many equity markets, beneath the surface, the global order is being re-engineered—one export restriction, cyberattack, and parliamentary deadlock at a time.
- [European Commission | EU trade agreements accelerate EU export growth and support diversification](https://eaccny.com/news/chapternews/european-commission-eu-trade-agreements-accelerate-eu-export-growth-and-support-diversification/) - According to the fifth Annual Report on Implementation and Enforcement of EU Trade Policy published today, the EU's large network of trade agreements helps companies find alternative markets for their exports, while reducing dependencies in a challenging geopolitical environment. The report, covering 2024 and the first half of 2025, concludes that EU trade agreements increase According to the fifth Annual Report on Implementation and Enforcement of EU Trade Policy published today, the EU's large network of trade agreements helps companies find alternative markets for their exports, while reducing dependencies in a challenging geopolitical environment.
- [European Commission | EU launches ‘Resource for AI Science in Europe'](https://eaccny.com/news/chapternews/european-commission-eu-launches-resource-for-ai-science-in-europe/) - Today, at the European AI in Science Summit in Copenhagen, organised by the European Commission and the Danish Presidency of the Council of the EU, Executive Vice-President Henna Virkkunen and Commissioner Ekaterina Zaharieva launched the pilot of RAISE – the Resource for Artificial Intelligence Science in Europe. This new virtual institute is a flagship initiative under the Apply AI Strategy and the European Strategy for Today, at the European AI in Science Summit in Copenhagen, organised by the European Commission and the Danish Presidency of the Council of the EU, Executive Vice-President Henna Virkkunen and Commissioner Ekaterina Zaharieva launched the pilot of RAISE – the Resource for Artificial Intelligence Science in Europe. This new virtual institute is a flagship initiative under the Apply AI Strategy and the European Strategy for Artificial Intelligence (AI) in Science. It will bring together essential resources for developing AI and applying it to drive transformative scientific breakthroughs: from improving cancer treatments to solving environmental issues, improving predictions of the impact of earthquakes, and more. The RAISE pilot will be funded with €107 million under Horizon Europe.
- [IPTI | President's Message - November 2025](https://eaccny.com/news/member-news/ipti-presidents-message-november-2025/) - The Tax Foundation has recently published an article titled “There's No Good Way to Pay for Property Tax Repeal” which is another contribution to the current debate in the USA over whether property taxes can be abolished. Written by Jared Walczak, Vice President of State Projects, the key findings are stated by the author to The Tax Foundation has recently published an article titled “There's No Good Way to Pay for Property Tax Repeal” which is another contribution to the current debate in the USA over whether property taxes can be abolished. Written by Jared Walczak, Vice President of State Projects, the key findings are stated by the author to be: • Property taxes currently generate 70 percent of all local tax revenue, some or all of which would have to be replaced with other taxes under property tax • Replacing the property tax with newly granted local taxing authority is exceedingly difficult, because local sales and income tax bases vary widely across jurisdictions; there may, for instance, be no feasible sales tax rate by which an agricultural county or bedroom community could replace its property tax • Backfilling forgone local property tax revenue through new state taxes is difficult because it dramatically shifts overall tax burdens, undermines local accountability, and cannot easily adjust for changing population • All revenue alternatives are less conducive to economic growth than the existing property tax regime, but some transfer regimes are sharply • Taxpayers should have the opportunity to evaluate plans for replacing property tax revenue, not just promises of repeal without trade-offs.
- [EIB Group and Santander support small businesses with €1 billion to invest in competitiveness and green transition, boost the role of women and promote construction of sustainable buildings](https://eaccny.com/news/member-news/eib-group-and-santander-support-small-businesses-with-e1-billion-to-invest-in-competitiveness-and-green-transition-boost-the-role-of-women-and-promote-construction-of-sustainable-buildings/) - • The EIB Group – via its subsidiaries the European Investment Bank and the European Investment Fund – is investing in a new Santander securitisation transaction to back the competitiveness and investments of small businesses and mid-caps in Spain. • €200 million will go to financing the construction of near-zero emission buildings by small businesses • The EIB Group – via its subsidiaries the European Investment Bank and the European Investment Fund – is investing in a new Santander securitisation transaction to back the competitiveness and investments of small businesses and mid-caps in Spain. • €200 million will go to financing the construction of near-zero emission buildings by small businesses and mid-caps in the real estate sector. • €70 million will also be directed to supporting companies whose shareholders or management teams are mostly women. • Operation will promote the competitiveness of Spanish companies and contribute to the EIB Group’s strategic priority of strengthening the EU capital markets.
- [OECD | Governments are making greater use of trade policy measures to advance agricultural sustainability, but further reforms are needed says OECD](https://eaccny.com/news/chapternews/oecd-governments-are-making-greater-use-of-trade-policy-measures-to-advance-agricultural-sustainability-but-further-reforms-are-needed-says-oecd/) - Trade policy measures to enhance agricultural sustainability and environmental clauses in trade agreements are on the rise, reflecting governments’ efforts to enhance the sector’s long-term resilience. But a new OECD report warns that reducing agriculture’s environmental footprint while improving food security will require reforming support and redirecting public spending toward research, innovation, and sustainable farming. Trade policy measures to enhance agricultural sustainability and environmental clauses in trade agreements are on the rise, reflecting governments’ efforts to enhance the sector’s long-term resilience. But a new OECD report warns that reducing agriculture’s environmental footprint while improving food security will require reforming support and redirecting public spending toward research, innovation, and sustainable farming.
- [Noerr | EUDR only to be postponed for small enterprises, but simplifications planned for traders](https://eaccny.com/news/member-news/noerr-eudr-only-to-be-postponed-for-small-enterprises-but-simplifications-planned-for-traders/) - EUDR only to be postponed for small enterprises, but simplifications planned for traders The European Commission was recently publicly considering postponing the application of European Regulation (EU) 2023/1115 on deforestation-free products (Deforestation Regulation – “EUDR”) once again until the end of 2026. This idea with the proposed amendments put forward on 21 October 2025 is no The European Commission was recently publicly considering postponing the application of European Regulation (EU) 2023/1115 on deforestation-free products (Deforestation Regulation – “EUDR”) once again until the end of 2026. This idea with the proposed amendments put forward on 21 October 2025 is no longer on the table. The regulation is only to be postponed for small enterprises. Instead, traders can expect significant simplifications.
- [Vulcan View: The latest EU developments 27 October - 31 October](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-27-october-31-october/) - Catherine Connolly elected as Irish President amid unprecedented voter protest Catherine Connolly, an independent TD and former Leas-Cheann Comhairle, was elected as Ireland’s 10th President on 24 October with approximately 63.4% of valid first-preference votes. Voter turnout was around 45.8%, one of the lowest in recent decades, while spoiled or invalid ballots totalled roughly 213,738, about Catherine Connolly elected as Irish President amid unprecedented voter protest, Dutch election forecast shows a win for progressive liberal D66 party, EU Ambassadors ask Commission to delay deforestation law
- [Trepp | October 2025 FOMC Meeting: The Fed Cuts, but Keeps Its Options Open](https://eaccny.com/news/member-news/trepp-october-2025-fomc-meeting-the-fed-cuts-but-keeps-its-options-open/) - By: Rachel Szymanski, Chief Economist, TREPP The Fed cut rates by 25 basis points at the October 2025 Federal Open Market Committee meeting, an expected move that marks a cautious step in the easing cycle. Officials framed the decision as a balance between risks that are shifting in opposite directions: inflation edges up, while labor The Fed cut rates by 25 basis points at the October 2025 Federal Open Market Committee meeting, an expected move that marks a cautious step in the easing cycle. Officials framed the decision as a balance between risks that are shifting in opposite directions: inflation edges up, while labor markets cool. The cut reflected a relative shift towards greater labor market risks, returning closer to the neutral rate, although still leaving policy modestly restrictive.
- [Tradewind Finance Provides USD 3.5 Million Credit Facility for Hong Kong Subsidiary of Leading German Shirt Company](https://eaccny.com/news/member-news/tradewind-finance-provides-usd-3-5-million-credit-facility-for-hong-kong-subsidiary-of-leading-german-shirt-company/) - Mönchengladbach, Germany – International trade finance company Tradewind Finance today announced a USD 3.5 million factoring facility for a Hong Kong subsidiary of a leading family-owned and operated shirt brand based in Germany. The Hong Kong company is utilizing the facility to further improve cash flow and efficiently manage their international operations amid shifting trade Mönchengladbach, Germany – International trade finance company Tradewind Finance today announced a USD 3.5 million factoring facility for a Hong Kong subsidiary of a leading family-owned and operated shirt brand based in Germany. The Hong Kong company is utilizing the facility to further improve cash flow and efficiently manage their international operations amid shifting trade policy.
- [Trepp | The Big Picture: Big Property Index Has Another Positive Showing](https://eaccny.com/news/member-news/trepp-the-big-picture-big-property-index-has-another-positive-showing/) - By now, you've read countless stories and headlines that assure you that the commercial property market has turned the corner. The worst is past. You might have read some of that here. There are numerous data points to indicate that to be true. While CMBS delinquency rates continue to inch higher, albeit at a much By now, you've read countless stories and headlines that assure you that the commercial property market has turned the corner. The worst is past. You might have read some of that here.
- [CLA (CliftonLarsonAllen) | AI and Cybersecurity: Protect Your Organization from Emerging Threats](https://eaccny.com/news/member-news/cla-cliftonlarsonallen-ai-and-cybersecurity-protect-your-organization-from-emerging-threats/) - Key insights: • As artificial intelligence (AI) continues to expand and be used in more organizations and more applications, remember the associated risks and need for guardrails. • Information technology departments must stay one step ahead of malicious actors. Develop regulations and governance to verify the security of AI models. • AI can be used Key insights: • As artificial intelligence (AI) continues to expand and be used in more organizations and more applications, remember the associated risks and need for guardrails. • Information technology departments must stay one step ahead of malicious actors. Develop regulations and governance to verify the security of AI models. • AI can be used to help effectively monitor cybersecurity but it’s important to verify the system has controls to protect against potential compromises. Consider system development lifecycle, change management, segregation of duties, and logical security when implementing AI monitoring systems.
- [New York State Governor | Governor Hochul Named to the 2025 TIME100 Climate List of the 100 Most Influential Leaders Driving Business Climate Action](https://eaccny.com/news/chapternews/new-york-state-governor-governor-hochul-named-to-the-2025-time100-climate-list-of-the-100-most-influential-leaders-driving-business-climate-action/) - Governor Kathy Hochul today has been named to the 2025 TIME100 Climate list, recognizing the 100 most influential global leaders driving business climate action. View the full list on TIME’s website. “I’m proud that New York’s work to build a cleaner, more resilient future is being recognized on a global stage by such an esteemed publication Governor Kathy Hochul today has been named to the 2025 TIME100 Climate list, recognizing the 100 most influential global leaders driving business climate action. View the full list on TIME’s website.
- [ECB | Letter from Piero Cipollone to Aurore Lalucq, ECON Chair, on the next phase of the digital euro project](https://eaccny.com/news/chapternews/ecb-letter-from-piero-cipollone-to-aurore-lalucq-econ-chair-on-the-next-phase-of-the-digital-euro-project/) - Eurosystem moving to next phase of digital euro project I am pleased to inform you that the Governing Council of the European Central Bank (ECB) has decided to move to the next phase of the digital euro project. This decision follows the successful completion of the preparation phase, launched by the Eurosystem on 1 November I am pleased to inform you that the Governing Council of the European Central Bank (ECB) has decided to move to the next phase of the digital euro project. This decision follows the successful completion of the preparation phase, launched by the Eurosystem on 1 November 2023, during which the interaction with the Committee on Economic and Monetary Affairs (ECON) has been invaluable. In that regard, we are grateful for the constructive feedback continuously received from the ECON Committee on the digital euro project. We have also taken note of the Euro Summit’s call to accelerate preparatory steps.1
- [European Commission | EU advances the Savings and Investments Union with measures to mobilise insurers' and banks' capital for Europe's future](https://eaccny.com/news/chapternews/european-commission-eu-advances-the-savings-and-investments-union-with-measures-to-mobilise-insurers-and-banks-capital-for-europes-future/) - The Commission has adopted two measures to support the essential role institutional investors, such as banks and insurers, play in the financing the EU economy. These measures deliver on the roadmap set out in the Savings and Investments Union (SIU) strategy and contribute to the EU's broader objectives of supporting private investment, improving capital market integration, and strengthening Europe's long-term competitiveness, for the benefit of The Commission has adopted two measures to support the essential role institutional investors, such as banks and insurers, play in the financing the EU economy. These measures deliver on the roadmap set out in the Savings and Investments Union (SIU) strategy and contribute to the EU's broader objectives of supporting private investment, improving capital market integration, and strengthening Europe's long-term competitiveness, for the benefit of EU businesses and households.
- [World Bank | Remarks by World Bank Group President Ajay Banga at the 2025 Annual Meetings Plenary](https://eaccny.com/news/chapternews/world-bank-remarks-by-world-bank-group-president-ajay-banga-at-the-2025-annual-meetings-plenary/) - Good morning. Deputy Prime Minister Correia, thank you for chairing this plenary. Kristalina, I’m glad to celebrate this partnership with you. The recent events in Syria and Gaza give us reason to hope that peace is possible wherever conflict exists—DRC, Sudan, Ukraine, Yemen, and beyond. As we hope for peace, we must also prepare for A service we stand ready to deliver whenever and wherever it’s needed and to the best of our ability. At the same time, as an institution of development, we are equally committed to conflict prevention. Alongside rebuilding what has been lost, we must also focus on creating the conditions for opportunity and stability. That is what motivates our actions and decisions today. We are living through one of the great demographic shifts in human history. By 2050, more than 85% of the world’s population will live in countries we call “developing” today. In just the next 10 to 15 years, 1.2 billion young people will enter the workforce—vying for roughly 400 million jobs. That leaves a very large gap.
- [OECD | Changing geopolitical environment reshapes science, technology and innovation policy, says OECD](https://eaccny.com/news/chapternews/oecd-changing-geopolitical-environment-reshapes-science-technology-and-innovation-policy-says-oecd/) - Rising geopolitical tensions and security concerns about emerging critical technologies are reshaping international co-operation in science, technology and innovation (STI), according to a new OECD report. The OECD Science, Technology and Innovation Outlook 2025 finds that governments are increasingly aligning their STI policies with economic and national security objectives – from promoting critical research and emerging technologies, Rising geopolitical tensions and security concerns about emerging critical technologies are reshaping international co-operation in science, technology and innovation (STI), according to a new OECD report.
- [EXIM Bank | EXIM Powers American AI Exports Program](https://eaccny.com/news/chapternews/exim-bank-exim-powers-american-ai-exports-program/) - WASHINGTON, D.C. — The Export-Import Bank of the United States (EXIM), in close coordination with the White House Office of Science and Technology Policy (OSTP) and the U.S. Departments of Commerce and State, is proud to support the launch of the American AI Exports Program—announced yesterday by our interagency partners as a bold, whole-of-government effort under WASHINGTON, D.C. — The Export-Import Bank of the United States (EXIM), in close coordination with the White House Office of Science and Technology Policy (OSTP) and the U.S. Departments of Commerce and State, is proud to support the launch of the American AI Exports Program—announced yesterday by our interagency partners as a bold, whole-of-government effort under President Trump’s leadership to advance U.S. innovation and global competitiveness in trusted, full-stack artificial intelligence (AI) technologies.
- [Panitch Schwarze | USPTO Introduces Streamlined Claim Set Pilot Program to Accelerate Patent Examination](https://eaccny.com/news/member-news/panitch-schwarze-uspto-introduces-streamlined-claim-set-pilot-program-to-accelerate-patent-examination/) - The United States Patent and Trademark Office (USPTO) has announced the launch of its Streamlined Claim Set Pilot Program, a new initiative aimed at evaluating how limiting the number of claims in a patent application impacts examination efficiency and quality. Ordinarily, new patent applications are examined in the order of their U.S. filing date or The United States Patent and Trademark Office (USPTO) has announced the launch of its Streamlined Claim Set Pilot Program, a new initiative aimed at evaluating how limiting the number of claims in a patent application impacts examination efficiency and quality.
- [ING to Appoint Ida Lerner as Chief Financial Officer](https://eaccny.com/news/member-news/ing-to-appoint-ida-lerner-as-chief-financial-officer/) - ING announced today that Ida Lerner will be appointed chief financial officer of ING. Until recently, Ida served as chief financial officer at Norwegian bank DNB. She will succeed Tanate Phutrakul who will step down from his position at ING’s Annual General Meeting in April 2026 as announced in July 2025. Effective 1 April 2026, ING announced today that Ida Lerner will be appointed chief financial officer of ING. Until recently, Ida served as chief financial officer at Norwegian bank DNB. She will succeed Tanate Phutrakul who will step down from his position at ING’s Annual General Meeting in April 2026 as announced in July 2025.
- [Commission Partners with Private Investors to Set up Multi-billion Scaleup Europe Fund](https://eaccny.com/news/commission-partners-with-private-investors-to-set-up-multi-billion-scaleup-europe-fund/)
- [European Commission | Eurobarometer: Europeans Embrace the Social Economy and Call for More Support](https://eaccny.com/news/european-commission-eurobarometer-europeans-embrace-the-social-economy-and-call-for-more-support/)
- [Bernastic Breakthrough: New Production Method Globalizes Climate Solution Across Multiple Industries](https://eaccny.com/news/bernastic-breakthrough-new-production-method-globalizes-climate-solution-across-multiple-industries/)
- [PwC | Responsible AI: Now that AI is part of your business, what does it mean for audits?](https://eaccny.com/news/pwc-responsible-ai-now-that-ai-is-part-of-your-business-what-does-it-mean-for-audits/)
- [Littler | From Hashtag to HR in the EU: Managing Political Opinions in the Workplace](https://eaccny.com/news/member-news/littler-from-hashtag-to-hr-in-the-eu-managing-political-opinions-in-the-workplace/) - By Alison Finn, Sr. Associate, Littler Dublin & Guillaume Desmoulin, Shareholder Littler Paris The dramatic growth of international conflict and significant political change has created a situation where personal expression and professional environments now often collide. For international employers, this shift presents a pressing and complex challenge—how to manage political expression in a way that The dramatic growth of international conflict and significant political change has created a situation where personal expression and professional environments now often collide. For international employers, this shift presents a pressing and complex challenge—how to manage political expression in a way that encourages individual viewpoints, while maintaining a respectful and inclusive environment.
- [Jaguar Freight | White House Announces Reciprocal Trade Agreements with SE Nations  and an Update on Canada](https://eaccny.com/news/member-news/jaguar-freight-white-house-announces-reciprocal-trade-agreements-with-se-nations-and-an-update-on-canada/) - It was an eventful weekend for trade news. The White House announced new reciprocal trade agreements with Malaysia, Vietnam, Cambodia, and a framework for Thailand, under which these nations will eliminate import tariffs on U.S. goods. Malaysia: President Trump and Prime Minister Anwar Ibrahim finalized a reciprocal trade deal during Trump’s visit to Kuala Lumpur. It was an eventful weekend for trade news. The White House announced new reciprocal trade agreements with Malaysia, Vietnam, Cambodia, and a framework for Thailand, under which these nations will eliminate import tariffs on U.S. goods.
- [European Commission | 2025 Annual Progress Report: Simplification, Implementation and Enforcement](https://eaccny.com/news/european-commission-2025-annual-progress-report-simplification-implementation-and-enforcement/)
- [(European) Parliament will deliver - President Metsola to EU leaders](https://eaccny.com/news/european-parliament-will-deliver-president-metsola-to-eu-leaders/)
- [AICEP Portugal Trade & Invest | Portugal’s Stability Strengthens Appeal to Global Investors](https://eaccny.com/news/aicep-portugal-trade-invest-portugals-stability-strengthens-appeal-to-global-investors/)
- [Arendt | Corporate Sustainability Reporting in 2025: ESMA Clarifies Top Priorities and Best Practices for Preparers, Auditors and Supervising Bodies, Amid Regulatory Uncertainty](https://eaccny.com/news/arendt-corporate-sustainability-reporting-in-2025-esma-clarifies-top-priorities-and-best-practices-for-preparers-auditors-and-supervising-bodies-amid-regulatory-uncertainty/)
- [Greenberg Traurig | New York Poised to Be at the Forefront of AI Regulation - Five Bills Await Gov. Hochul’s Action](https://eaccny.com/news/greenberg-traurig-new-york-poised-to-be-at-the-forefront-of-ai-regulation-five-bills-await-gov-hochuls-action/)
- [Trepp | Work-from-Home's Impact on Office … Yawn](https://eaccny.com/news/member-news/trepp-work-from-homes-impact-on-office-yawn/) - It's been five-and-a-half years since the onerous Covid lockdowns were instituted across most of the country, devastating the office, retail, and hotel sectors. While the latter two sectors have come back, the office market continues to feel the pain. But it's not uniform, as the best buildings in most areas are doing just fine. It's It's been five-and-a-half years since the onerous Covid lockdowns were instituted across most of the country, devastating the office, retail, and hotel sectors. While the latter two sectors have come back, the office market continues to feel the pain. But it's not uniform, as the best buildings in most areas are doing just fine. It's the others that aren't quite there yet—t's not clear whether they'll ever return. The work-from-home, or WFH, movement might have played a role, but exactly how much could be argued. We'll save that for another time.
- [The Medical Link | State-By-State Differences In U.S. Health Insurance – Why Location Matters](https://eaccny.com/news/member-news/the-medical-link-state-by-state-differences-in-u-s-health-insurance-why-location-matters/) - The extent to which healthcare differs from state to state is one of the largest surprises faced by foreign businesses expanding into the US. The United States mixes federal laws with state-specific restrictions, in contrast to many other nations with centralized healthcare systems. As a result, there are notable variations in insurance requirements, coverage, and The extent to which healthcare differs from state to state is one of the largest surprises faced by foreign businesses expanding into the US. The United States mixes federal laws with state-specific restrictions, in contrast to many other nations with centralized healthcare systems. As a result, there are notable variations in insurance requirements, coverage, and prices throughout the nation.
- [ECB | Understanding sustained growth: the 2025 Nobel Prize and why it matters for Europe](https://eaccny.com/news/chapternews/ecb-understanding-sustained-growth-the-2025-nobel-prize-and-why-it-matters-for-europe/) - By Conny Olovsson and Alexander Popov The economist Robert Lucas famously wrote that “Once one starts to think about economic growth, it is hard to think about anything else.” The Nobel committee seems to agree. For the second year in a row, it has chosen to honour work on economic growth. This ECB Blog post The economist Robert Lucas famously wrote that “Once one starts to think about economic growth, it is hard to think about anything else.” The Nobel committee seems to agree. For the second year in a row, it has chosen to honour work on economic growth. This ECB Blog post looks at the research of this year’s laureates.
- [Jaguar Freight | The Weekly Roar – More tariff threats, global container traffic hits record, jitters over changes to USMCA rules, European labor strife, and a landmark emissions deal crumbles.](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-more-tariff-threats-global-container-traffic-hits-record-jitters-over-changes-to-usmca-rules-european-labor-strife-and-a-landmark-emissions-deal-crumbles/) - The U.S.-China trade war is escalating, and it’s creating more uncertainty for importers. President Trump recently threatened an additional 100% tariff on Chinese goods, effective November 1, due to China’s actions restricting access to rare earth minerals. After some strongly worded pushback from China, President Trump acknowledged on Friday that the threatened high tariffs on Chinese goods were “not The U.S.-China trade war is escalating, and it’s creating more uncertainty for importers. President Trump recently threatened an additional 100% tariff on Chinese goods, effective November 1, due to China’s actions restricting access to rare earth minerals. After some strongly worded pushback from China, President Trump acknowledged on Friday that the threatened high tariffs on Chinese goods were “not sustainable” but are still planned for implementation. In other tariff news, there are signals that auto tariffs may be easing, while supply chains everywhere await the pivotal Supreme Court hearings on the legality of specific duties set to begin early next month. Tariffs on timber and some wood products (including furniture) went into effect on October 14.
- [IMF | Resilience in a World of Uncertainty](https://eaccny.com/news/chapternews/imf-resilience-in-a-world-of-uncertainty/) - Speech by IMF Managing Director Kristalina Georgieva at the 2025 Annual Meetings Plenary Deputy Prime Minister Olavo Correia, thank you, and may my future travels take me to the beautiful shores of Cabo Verde and the soulful melodies of Cesária Évora—or perhaps even to a football victory chant! Congratulations to your national team for qualifying for the World Cup for Speech by IMF Managing Director Kristalina Georgieva at the 2025 Annual Meetings Plenary
- [ECB | How Do Markets React to Banks’ Share Buybacks?](https://eaccny.com/news/chapternews/ecb-how-do-markets-react-to-banks-share-buybacks/) - By Pauline Avril, Maciej Grodzicki, Lukas Jürgensmeier and Alessandro Ricci Banks have bought back over €60 billion of their own shares since 2020, which is a sign of the industry’s confidence. However, share buybacks can also reduce the capital banks have available for potential crises. This blog post examines how euro area banks’ share prices Banks have bought back over €60 billion of their own shares since 2020, which is a sign of the industry’s confidence. However, share buybacks can also reduce the capital banks have available for potential crises. This blog post examines how euro area banks’ share prices reacted to these buybacks.
- [Vulcan View: The latest EU developments 13 October - 17 October](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-13-october-17-october/) - EU mulls new rules on technology transfer targeting foreign companies The European Commission is considering a new policy that could require non-EU companies, particularly those from China, to share their technology and manufacturing expertise with European partners. This move, part of a broader strategy to boost Europe’s industrial competitiveness, has gained traction following the Dutch EU mulls new rules on technology transfer targeting foreign companies, Commission and EEAS: Ready for combat by 2030 with new defence roadmap, MEPs to review EU-US trade deal while trade tensions escalate
- [GDLSK | Commerce Department Posts New Steel and Aluminum Derivative Inclusion Requests – Comments Due October 21](https://eaccny.com/news/member-news/gdlsk-commerce-department-posts-new-steel-and-aluminum-derivative-inclusion-requests-comments-due-october-21/) - The Department of Commerce has received 95 requests to include additional products on the list of steel and aluminum derivatives subject to the assessment of 50% ad valorem tariffs under Section 232. A list of the inclusion requests and covered products have been posted to the regulations.gov portal, and can be accessed here. Comments supporting or opposing the The Department of Commerce has received 95 requests to include additional products on the list of steel and aluminum derivatives subject to the assessment of 50% ad valorem tariffs under Section 232. A list of the inclusion requests and covered products have been posted to the regulations.gov portal, and can be accessed here. Comments supporting or opposing the inclusion requests must be submitted through regulations.gov no later than October 21.
- [Stephenson Harwood | Neural Network – October 2025: Regulatory and government updates](https://eaccny.com/news/member-news/stephenson-harwood-neural-network-october-2025-regulatory-and-government-updates/) - European Commission’s new AI strategies The European Commission (“Commission”) has announced two complementary strategies this month to accelerate AI across EU industry and science. The “Apply AI Strategy” is the EU’s overarching AI sectoral strategy which focuses on deploying AI in key sectors such as healthcare, energy, mobility, manufacturing, and public services. In parallel, the European Commission’s new AI strategies, Consultation on digital simplification announced by EU, EU AI Act Serious Incident Guidance Consultation launched, New Californian AI safety law announced, Ireland becomes pioneer in EU AI Act rollout, Italy announces new AI framework
- [Transatlantic Trade Monitor: Facts You Need Now | Buy Back Better: How Europe Is Re-shaping U.S. Industry by Acquiring It](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-buy-back-better-how-europe-is-re-shaping-u-s-industry-by-acquiring-it/) - By: Ian Hunter, Director, OCO Global 2025 has been a big year for M&A. In a year when cranes aren’t the only measure of progress, much of the action has been happening on cap tables as well as construction sites. But the cranes will come later. As with many of these deals, the key words following an acquisition 2025 has been a big year for M&A. In a year when cranes aren’t the only measure of progress, much of the action has been happening on cap tables as well as construction sites. But the cranes will come later. As with many of these deals, the key words following an acquisition is 'growth'. In short, European investors are buying in, and scaling up.
- [Transatlantic Trade Monitor: Facts You Need Now | Going Against the Grain: New 10–50% Tariffs on Imported Timber and Lumber](https://eaccny.com/news/member-news/barnes-thornburg-going-against-the-grain-new-10-50-tariffs-on-imported-timber-and-lumber/) - By Luis F. Arandia Jr., Adetayo Osuntogun, and Michelle Rosario, Barnes & Thornburg LLP On Sept. 29, 2025, the White House issued a presidential proclamation imposing tariffs of 10 to 50 percent ad valorem on timber, lumber, and derivative wood products imported into the United States. These tariffs were imposed under Section 232. Citing national security concerns, On Sept. 29, 2025, the White House issued a presidential proclamation imposing tariffs of 10 to 50 percent ad valorem on timber, lumber, and derivative wood products imported into the United States. These tariffs were imposed under Section 232. Citing national security concerns, the proclamation follows a U.S. Department of Commerce investigation which concluded that rising imports threaten the U.S. wood industry’s ability to support critical infrastructure and defense needs. You can also reference the related White House Fact Sheet.
- [World Bank | Publication: Europe and Central Asia Economic Update, Fall 2025: Jobs and Prosperity](https://eaccny.com/news/chapternews/world-bank-publication-europe-and-central-asia-economic-update-fall-2025-jobs-and-prosperity/) - Executive Summary: Economic growth in Europe and Central Asia (ECA) has slowed but the region has remained resilient amid continued global and regional challenges. Regional gross domestic product is likely to grow by 2.4 percent in real terms this year, down from 3.7 percent in 2024, because of a weaker pace of expansion in the Economic growth in Europe and Central Asia (ECA) has slowed but the region has remained resilient amid continued global and regional challenges. Regional gross domestic product is likely to grow by 2.4 percent in real terms this year, down from 3.7 percent in 2024, because of a weaker pace of expansion in the Russian Federation. Excluding Russia, which accounts for about 40 per- cent of the region’s output, growth is likely to remain little changed at about 3.3 percent this year and next. Growth in Türkiye and Poland is set to strengthen to 3.5 percent and 3.2 percent, respectively, supported by strong consumer demand and robust investment growth. The pace of economic expansion in Central Asia—ECA’s fastest growing subregion for the third consecutive year—is projected to firm to 5.9 percent in 2025 from 5.7 percent last year, driven by higher oil output in Kazakhstan, stronger remittances, and higher public and private investment spending.
- [European Commission | Statement by President von der Leyen on the Pact for the Mediterranean](https://eaccny.com/news/chapternews/european-commission-statement-by-president-von-der-leyen-on-the-pact-for-the-mediterranean/) - Today the College of Commissioners approved our Pact for the Mediterranean. For millennia, the Mediterranean has been a bridge between continents. For people, goods and ideas. These exchanges have shaped who we are and how we live. The truth is that Europe and the Mediterranean cannot exist without each other. And today, the future of Today the College of Commissioners approved our Pact for the Mediterranean. For millennia, the Mediterranean has been a bridge between continents. For people, goods and ideas. These exchanges have shaped who we are and how we live. The truth is that Europe and the Mediterranean cannot exist without each other. And today, the future of our two shores is more connected than ever before. In an increasingly competitive and contested global economy, our economic ties with our Southern neighbours have already grown stronger.
- [Eversheds Sutherland | Global Sustainability & ESG Insights - August & September 2025](https://eaccny.com/news/member-news/eversheds-sutherland-global-sustainability-esg-insights-august-september-2025/) - Europe Carbon Border Adjustment Mechanism On September 29, the European Council adopted a regulation to simplify the Carbon Border Adjustment Mechanism (CBAM) as part of the Omnibus I legislative package. The reform is designed to ease administrative burdens and reduce compliance costs, particularly for SMEs, while preserving CBAM’s climate ambition, which continues to cover approximately 99% of Welcome to the latest edition of our monthly Global Sustainability & ESG Insights providing you with a summary of the key developments from around the world.
- [Financial Stability Board | FSB Chair’s letter to G20 Finance Ministers and Central Bank Governors: October 2025](https://eaccny.com/news/chapternews/financial-stability-board-fsb-chairs-letter-to-g20-finance-ministers-and-central-bank-governors-october-2025/) - Without timely and consistent implementation, we undermine the resilience of the financial system, leaving it vulnerable to future shocks This letter was submitted to G20 Finance Ministers and Central Bank Governors (FMCBG) ahead of the G20’s meeting on 15-16 October 2025. Andrew Bailey underscores the importance of cooperation and multilateral institutions to address the pressures Without timely and consistent implementation, we undermine the resilience of the financial system, leaving it vulnerable to future shocks
- [IMF | Growth of Nonbanks is Revealing New Financial Stability Risks](https://eaccny.com/news/chapternews/imf-growth-of-nonbanks-is-revealing-new-financial-stability-risks/) - By: Tobias Adrian Policymakers should strengthen oversight of nonbank financial intermediaries, whose increasing interconnectedness with banks could exacerbate adverse shocks Stretched asset valuations and pressures in core sovereign bond markets are keeping financial stability risks elevated amid heightened economic uncertainty. These vulnerabilities could be amplified by the growth of nonbank financial institutions—through their growing importance as Policymakers should strengthen oversight of nonbank financial intermediaries, whose increasing interconnectedness with banks could exacerbate adverse shocks
- [IPTI | Property Tax in the News - October 2025](https://eaccny.com/news/member-news/ipti-property-tax-in-the-news-october-2025/) - IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in “IPTI Xtracts” on our website: www.ipti.org. Please note that these are news articles; they do not necessarily reflect IPTI’s views.
- [Eurogroup | President Paschal Donohoe will represent the euro area at the 2025 Annual Meetings of the IMF and World Bank Group in Washington, DC](https://eaccny.com/news/chapternews/eurogroup-president-paschal-donohoe-will-represent-the-euro-area-at-the-2025-annual-meetings-of-the-imf-and-world-bank-group-in-washington-dc/) - Eurogroup President and Minister for Finance of Ireland, Paschal Donohoe, will represent the euro area at the Annual Meetings of the IMF and World Bank Group in Washington, DC, this week. As President of the Eurogroup, Minister Donohoe will participate in the G7 Finance Ministers and Central Bank Governors’ meeting as well as in a Eurogroup President and Minister for Finance of Ireland, Paschal Donohoe, will represent the euro area at the Annual Meetings of the IMF and World Bank Group in Washington, DC, this week.
- [EIB Group to accelerate and simplify green investment, boosting European competitiveness, energy security and tech leadership](https://eaccny.com/news/member-news/eib-group-to-accelerate-and-simplify-green-investment-boosting-european-competitiveness-energy-security-and-tech-leadership/) - • EIB Board adopts second phase of pioneering Climate Bank Roadmap, focusing on competitiveness, security and lower energy prices for companies and families. • Plan includes doubling of investment for climate change adaptation, along with radically simplified procedures. • Decision consolidates EIB Group’s role as the Climate Bank and reaffirms commitment to staying the course • EIB Board adopts second phase of pioneering Climate Bank Roadmap, focusing on competitiveness, security and lower energy prices for companies and families. • Plan includes doubling of investment for climate change adaptation, along with radically simplified procedures. • Decision consolidates EIB Group’s role as the Climate Bank and reaffirms commitment to staying the course as anchor financier of the green industrial revolution.
- [IMF | Global Economic Outlook Shows Modest Change Amid Policy Shifts and Complex Forces](https://eaccny.com/news/chapternews/imf-global-economic-outlook-shows-modest-change-amid-policy-shifts-and-complex-forces/) - By: Pierre-Olivier Gourinchas Dialing down uncertainty, reducing vulnerabilities, and investing in innovation can help deliver durable economic gains In April, the United States shook global trade norms by announcing sweeping tariffs. Given the complexity and fluidity of the moment, our April report offered a range of estimates for the growth downgrade, from modest to significant, Dialing down uncertainty, reducing vulnerabilities, and investing in innovation can help deliver durable economic gains
- [EIB | Climate Bank Roadmap Phase 2](https://eaccny.com/news/member-news/eib-climate-bank-roadmap-phase-2/) - Tackling climate change remains one of the defining challenges of our times, here in Europe, as well as all around the world. Substantial investment is needed for the European Union to lead the ongoing technological transition towards a more efficient and competitive economy, to reduce dependency on fossil fuels and ensure security and strategic autonomy, Tackling climate change remains one of the defining challenges of our times, here in Europe, as well as all around the world. Substantial investment is needed for the European Union to lead the ongoing technological transition towards a more efficient and competitive economy, to reduce dependency on fossil fuels and ensure security and strategic autonomy, and to adapt to the increasingly costly impact of rising temperatures and extreme weather events. Green investment is the smartest decision we can make for our future. The next five years are key for Europe’s climate and energy ambition and leadership in this global transition. As others step back, there is an energy revolution in full swing in Europe, which is on track to decarbonise its key industries, to deploy innovative systems and products, to boost industrial competitiveness, to develop new green activities and nature-based solutions creating jobs and inclusive prosperity, to increase efficiency, to reinforce critical infrastructure and to become more resilient to climate change in a changing geopolitical context.
- [IMF | Spending Smarter to Boost Growth](https://eaccny.com/news/chapternews/imf-spending-smarter-to-boost-growth/) - By: Era Dabla-Norris, Davide Furceri, Zsuzsa Munkacsi, Galen Sher Spending more efficiently and reallocating public funds toward investment and innovation can be a powerful growth strategy Over the past two decades, Rwanda achieved remarkable progress. Nearly every household now has access to mobile phones and primary education. More than half the population has electricity, and one in five Spending more efficiently and reallocating public funds toward investment and innovation can be a powerful growth strategy
- [European Commission | EU labour market shows progress in job quality and adequate wages](https://eaccny.com/news/chapternews/european-commission-eu-labour-market-shows-progress-in-job-quality-and-adequate-wages/) - The European labour market remains resilient, with low unemployment levels, despite a decline in employment growth, according to the European Commission's latest report. In 2024, job growth decreased to 0.8%, compared to 1.2% in 2023, as a result of economic pressure and geopolitical instability. Nevertheless, the unemployment rate in Europe remains near its record low. Despite The European labour market remains resilient, with low unemployment levels, despite a decline in employment growth, according to the European Commission's latest report. In 2024, job growth decreased to 0.8%, compared to 1.2% in 2023, as a result of economic pressure and geopolitical instability. Nevertheless, the unemployment rate in Europe remains near its record low.
- [Jaguar Freight | The Weekly Roar – New truck tariffs, tariffs on air cargo, port fees on Chinese-built vessels, container service direct between East Asia and Europe, and will power outages be the next supply chain crisis?](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-new-truck-tariffs-tariffs-on-air-cargo-port-fees-on-chinese-built-vessels-container-service-direct-between-east-asia-and-europe-and-will-power-outages-be/) - The drumbeat of new tariffs continues. President Trump has announced a 25% tariff on imported medium- and heavy-duty trucks, effective November 1, 2025. This comes after a federal investigation into truck imports and is designed to protect U.S. manufacturers such as PACCAR, the parent company of Peterbilt and Kenworth, and Ford. Most U.S. truck imports come The drumbeat of new tariffs continues. President Trump has announced a 25% tariff on imported medium- and heavy-duty trucks, effective November 1, 2025. This comes after a federal investigation into truck imports and is designed to protect U.S. manufacturers such as PACCAR, the parent company of Peterbilt and Kenworth, and Ford. Most U.S. truck imports come from Mexico, which exports nearly all its heavy-duty trucks to the U.S. While USMCA allows tariff-free trade for vehicles meeting local content rules, non-qualifying trucks from Mexico and Canada will face the new tariff. This additional duty could add another cost headwind to carriers in the already struggling U.S. truckload market.
- [Trepp | Data Point of the Day: Data Centers Maturities](https://eaccny.com/news/member-news/trepp-data-point-of-the-day-data-centers-maturities/) - The securitized data-center market is entering a critical phase, with maturity schedules and note rates signaling both opportunity and refinancing risk amidst heavy borrower demand. Nearly $6.5 billion in CMBS loans come due between 2026 and 2028, led by a $3.7 billion tranche maturing in 2027 at a median note rate of 9.31%—mostly floating-rate debt The securitized data-center market is entering a critical phase, with maturity schedules and note rates signaling both opportunity and refinancing risk amidst heavy borrower demand. Nearly $6.5 billion in CMBS loans come due between 2026 and 2028, led by a $3.7 billion tranche maturing in 2027 at a median note rate of 9.31%—mostly floating-rate debt that was originated at a much lower original coupon. That figure stands out against the 5.86% median for 2026 maturities and 6.53% for 2028, suggesting that a significant portion of 2027 debt was originated during a sweet spot before the future of monetary policy was clear but during a period in which the soon-rising indices carried maximum effect. Beyond 2028, maturities taper sharply, with less than $450 million scheduled through 2030, and those later loans carry notably lower or moderate rates, including a 3.64% median for 2029.
- [Financial Stability Board | Monitoring Adoption of Artificial Intelligence and Related Vulnerabilities in the Financial Sector](https://eaccny.com/news/chapternews/financial-stability-board-monitoring-adoption-of-artificial-intelligence-and-related-vulnerabilities-in-the-financial-sector/) - The FSB's 2024 AI report identified several vulnerabilities, including third-party dependencies, market correlations, cyber risks, and challenges in model risk and governance, which may have implications for financial stability Since the FSB’s 2024 report on the financial stability implications of artificial intelligence (AI), there have been significant developments in the AI ecosystem. These include advancements in AI The FSB's 2024 AI report identified several vulnerabilities, including third-party dependencies, market correlations, cyber risks, and challenges in model risk and governance, which may have implications for financial stability
- [EIB | Tariffs: are workers more worried about their jobs?](https://eaccny.com/news/chapternews/eib-tariffs-are-workers-more-worried-about-their-jobs/) - By Agostino Consolo, António Dias da Silva, Maarten Dossche and Marco Weißler Do European workers see US tariff hikes as a threat to their job security? According to an ECB survey, while most workers are fairly relaxed, those in export-oriented sectors and those with lower incomes are more worried about their jobs than before the Do European workers see US tariff hikes as a threat to their job security? According to an ECB survey, while most workers are fairly relaxed, those in export-oriented sectors and those with lower incomes are more worried about their jobs than before the tariff increase.
- [Cilcare | Development of the first inner ear organoids by 3D bioprinting for pharmacological screening in hearing disorders: CILCARE announces strategic agreement with CTIBIOTECH and SATT AxLR](https://eaccny.com/news/member-news/cilcare-development-of-the-first-inner-ear-organoids-by-3d-bioprinting-for-pharmacological-screening-in-hearing-disorders-cilcare-announces-strategic-agreement-with-ctibiotech-and-satt-axlr/) - • CTIBIOTECH has been selected by SATT AxLR and CILCARE to develop the OrgaEar project, a disruptive innovation in hearing disorders research. • Hearing disorders are a growing public health crisis. The development of innovative therapeutic solutions is an urgent strategic priority. • Facilitating a highly advanced non-animal New Approach Methods NAMs alternative in the hearing disorders sector, CTIBIOTECH strengthens its position at • CTIBIOTECH has been selected by SATT AxLR and CILCARE to develop the OrgaEar project, a disruptive innovation in hearing disorders research. • Hearing disorders are a growing public health crisis. The development of innovative therapeutic solutions is an urgent strategic priority. • Facilitating a highly advanced non-animal New Approach Methods NAMs alternative in the hearing disorders sector, CTIBIOTECH strengthens its position at the forefront of a cell-based bioassay market estimated at 28 billion euros by 2028, CAGR > 7%).
- [Vulcan View: The latest EU developments 6 October - 10 October](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-6-october-10-october/) - European Commission unveils “Apply AI” strategy to make Europe a global leader On Wednesday (8 October), the European Commission shared its €1 billion plan to boost the use in key industries, create leading European AI businesses, and reduce the EU’s dependency on American and Chinese technologies. The strategy aims to speed up the use of artificial intelligence European Commission unveils “Apply AI” strategy to make Europe a global leader, Irish Budget 2026: a pro-business reset for long-term competitiveness, European Commission proposes 50% tariff and reduced quotas on steel imports
- [European Commission | Faster and safer instant euro payments become a reality](https://eaccny.com/news/chapternews/european-commission-faster-and-safer-instant-euro-payments-become-a-reality/) - From today, sending money across the euro area will be faster and safer than ever. Thanks to new EU rules on instant payments, people and businesses can now transfer money in euro within seconds, anytime – day or night, weekdays or weekends – whether within their own country or across the euro area. Since January 2025, payment service From today, sending money across the euro area will be faster and safer than ever. Thanks to new EU rules on instant payments, people and businesses can now transfer money in euro within seconds, anytime – day or night, weekdays or weekends – whether within their own country or across the euro area.
- [Financial Stability Board | G20 Roadmap for Cross-border Payments: Consolidated progress report for 2025](https://eaccny.com/uncategorized/financial-stability-board-g20-roadmap-for-cross-border-payments-consolidated-progress-report-for-2025/) - Despite significant progress, efforts have not yet translated into tangible improvements for end-users at the global level. In 2020, the G20 launched a Roadmap to make cross-border payments faster, cheaper, and more transparent and inclusive. To give ambition and accountability to the Roadmap’s goals, in 2021, the G20 endorsed a set of global quantitative targets, Despite significant progress, efforts have not yet translated into tangible improvements for end-users at the global level.
- [Financial Stability Board | FSB Annual Financial Report: 2024-25](https://eaccny.com/news/chapternews/financial-stability-board-fsb-annual-financial-report-2024-25/) - This report contains the audited financial statements of the FSB for the 12-month period from 1 April 2024 to 31 March 2025. It also provides details on the FSB governance arrangements and its transparency and accountability mechanisms. A detailed explanation of the activities undertaken to implement the mandate and tasks of the FSB is provided This report contains the audited financial statements of the FSB for the 12-month period from 1 April 2024 to 31 March 2025. It also provides details on the FSB governance arrangements and its transparency and accountability mechanisms.
- [New York State Governor | Governor Hochul Slams Nearly Half a Billion Dollars in Federal Funding Cuts Targeting Dozens of New York Businesses and Clean Energy Programs](https://eaccny.com/news/chapternews/new-york-state-governor-governor-hochul-slams-nearly-half-a-billion-dollars-in-federal-funding-cuts-targeting-dozens-of-new-york-businesses-and-clean-energy-programs/) - Funding Cuts Puts More Than 1,000 Jobs At Risk, State To Take Total Economic Hit of $650 Million Governor Calls On Washington Republicans To Restore Funding and Stop Playing Politics With New York Jobs and Businesses Governor Kathy Hochul today highlighted a list of federal funding cuts, released by Congress, that outlines grants terminated by Funding Cuts Puts More Than 1,000 Jobs At Risk, State To Take Total Economic Hit of $650 Million Governor Calls On Washington Republicans To Restore Funding and Stop Playing Politics With New York Jobs and Businesses
- [New Statistics from GEMs Consortium Show Risk of Investing in Emerging Markets Is Lower than Commonly Perceived](https://eaccny.com/news/new-statistics-from-gems-consortium-show-risk-of-investing-in-emerging-markets-is-lower-than-commonly-perceived/)
- [European Commission | Keeping European industry and science at the forefront of AI](https://eaccny.com/news/chapternews/european-commission-keeping-european-industry-and-science-at-the-forefront-of-ai/) - Artificial Intelligence (AI) is transforming how businesses operate, reshaping public services, and revolutionising science. AI has the potential to improve our lives in many ways. As the global race to harness its potential heats up, the European Commission has put forward two strategies that will help Europe stay ahead in AI industry and science respectively. The Apply AI Artificial Intelligence (AI) is transforming how businesses operate, reshaping public services, and revolutionising science. AI has the potential to improve our lives in many ways. As the global race to harness its potential heats up, the European Commission has put forward two strategies that will help Europe stay ahead in AI industry and science respectively.
- [CLA (CliftonLarsonAllen) | 4 Strategies for Building Long-Term Business Value](https://eaccny.com/news/member-news/cla-cliftonlarsonallen-4-strategies-for-building-long-term-business-value/) - Key insights • You’re focused on growing your business — increasing revenue, expanding your team, and serving more customers. But growth alone doesn’t guarantee future success. Enhancing business value is essential. • Profitability is a strategic decision driven by effective leadership, operational excellence, and the ability to maintain steady cash flow, all of which enhance
- [NY Fed | Short-Term Inflation Expectations Continue to Tick Up; Labor Market Expectations Deteriorate](https://eaccny.com/news/chapternews/ny-fed-short-term-inflation-expectations-continue-to-tick-up-labor-market-expectations-deteriorate/) - NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the September 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short- and longer-term horizons and were unchanged at the medium-term horizon. Despite a small rebound in the expected job finding rate, labor market expectations continued to NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the September 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short- and longer-term horizons and were unchanged at the medium-term horizon. Despite a small rebound in the expected job finding rate, labor market expectations continued to deteriorate with consumers reporting lower expected earnings growth, greater likelihoods of losing jobs, and a higher likelihood of a rise in overall unemployment. The survey was fielded from September 1 through September 30, 2025.
- [Panitch Schwarze | Challenging a Granted U.S. Patent](https://eaccny.com/news/member-news/panitch-schwarze-challenging-a-granted-u-s-patent/) - By: Dennis J. Butler A granted U.S. patent can be challenged through various administrative procedures under U.S. patent law at the U.S. Patent and Trademark Office (“USPTO”), which are designed to provide a faster, cheaper alternative to challenging the patent in a federal court litigation. The most common administrative procedures include ex parte reexamination, inter partes review and post A granted U.S. patent can be challenged through various administrative procedures under U.S. patent law at the U.S. Patent and Trademark Office (“USPTO”), which are designed to provide a faster, cheaper alternative to challenging the patent in a federal court litigation. The most common administrative procedures include ex parte reexamination, inter partes review and post grant review.
- [Barnes & Thornburg | OFAC Final Rule Extends Recordkeeping Requirements to 10 Years](https://eaccny.com/news/member-news/barnes-and-thornburg-ofac-final-rule-extends-recordkeeping-requirements-to-10-years/) - U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) published a new final rule to extend recordkeeping requirements to 10 years, effective March 21, 2025 On April 24, 2024, President Joe Biden signed into law the 21st Century Peace through Strength Act. Section 3111 of the Act extends the statute of limitations for civil U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) published a new final rule to extend recordkeeping requirements to 10 years, effective March 21, 2025
- [ECB | Hearing of the Committee on Economic and Monetary Affairs of the European Parliament](https://eaccny.com/news/chapternews/ecb-hearing-of-the-committee-on-economic-and-monetary-affairs-of-the-european-parliament-3/) - Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament It is a pleasure to be with you again for our regular dialogue. In recent months we have faced a period of heightened uncertainty. Yet, despite these challenges, the euro area economy Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
- [IMF | Economic Uncertainty Can Test the Resilience of the Foreign Exchange Market](https://eaccny.com/news/chapternews/imf-economic-uncertainty-can-test-the-resilience-of-the-foreign-exchange-market/) - By: Andrea Deghi, Mahvash S. Qureshi, Tomohiro Tsuruga Policymakers should enhance market surveillance through systemic risk monitoring including stress testing and scenario analysis Foreign exchange is the largest and most liquid financial market, with nearly $10 trillion changing hands daily. It’s the underpinning for global trade and finance—and its structure is changing as nonbank financial institutions, or NBFIs, assume a Policymakers should enhance market surveillance through systemic risk monitoring including stress testing and scenario analysis
- [Jaguar Freight | The Weekly Roar – China hits back, truck tariffs, air cargo demand up, fight over the control of global ports, and the evolution of export-ready packaging.](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-china-hits-back-truck-tariffs-air-cargo-demand-up-fight-over-the-control-of-global-ports-and-the-evolution-of-export-ready-packaging/) - Is China slapping back? The country has amended its maritime regulations, potentially imposing countermeasures such as higher port charges or even barring U.S.-service vessels from Chinese ports. The rules, aimed at countries imposing discriminatory restrictions on Chinese shipping, just raised the stakes in the trans-Pacific trade dispute. In response, some carriers are already shifting vessel deployment. Be Is China slapping back? The country has amended its maritime regulations, potentially imposing countermeasures such as higher port charges or even barring U.S.-service vessels from Chinese ports. The rules, aimed at countries imposing discriminatory restrictions on Chinese shipping, just raised the stakes in the trans-Pacific trade dispute. In response, some carriers are already shifting vessel deployment. Be prepared for the changes to impact costs, routing, and supply chain resilience for shippers on both sides.
- [IMF | Good Policies (and Good Luck) Helped Emerging Economies Better Resist Shocks](https://eaccny.com/news/chapternews/imf-good-policies-and-good-luck-helped-emerging-economies-better-resist-shocks/) - By Marijn Bolhuis, Arindam Roy, Patrick Schneider, Zhao Zhang Stronger fiscal and monetary policy frameworks and more developed local currency debt markets have supported emerging market resilience Emerging market economies have held up remarkably well in recent years, even after periods of global financial turbulence. While favorable external conditions (in other words, good luck) often helped, it’s clear Stronger fiscal and monetary policy frameworks and more developed local currency debt markets have supported emerging market resilience
- [Citi | Tariffs & Global Resilience — Waiting for Another Shoe to Drop](https://eaccny.com/news/member-news/citi-tariffs-global-resilience-waiting-for-another-shoe-to-drop/) - Highlights • We expect global growth to slow below 2% in the second half of 2025 before rebounding to 2.5% in 2026. • We anticipate that tariffs will increasingly bite, driving prices higher, reducing real incomes and causing real spending to decline. • Despite that, we see the tariff-related divot in global economic activity as Highlights • We expect global growth to slow below 2% in the second half of 2025 before rebounding to 2.5% in 2026. • We anticipate that tariffs will increasingly bite, driving prices higher, reducing real incomes and causing real spending to decline. • Despite that, we see the tariff-related divot in global economic activity as smaller and more short-lived than feared as 2025 began.
- [Eversheds Sutherland | At Least One in Three US Companies Unprepared to Tackle National Security Compliance Risks, Eversheds Sutherland Report Finds](https://eaccny.com/news/member-news/eversheds-sutherland-at-least-one-in-three-us-companies-unprepared-to-tackle-national-security-compliance-risks-eversheds-sutherland-report-finds/) - C-suite executives and in-house legal counsel split on risk strategies and compliance ownership WASHINGTON | A third or more of US companies are not fully prepared to address key national security compliance risks facing their organizations despite the notable legal, financial and operational consequences, according to Eversheds Sutherland’s 2025 US National Security Compliance Risk and Readiness Report. C-suite executives and in-house legal counsel split on risk strategies and compliance ownership WASHINGTON | A third or more of US companies are not fully prepared to address key national security compliance risks facing their organizations despite the notable legal, financial and operational consequences, according to Eversheds Sutherland’s 2025 US National Security Compliance Risk and Readiness Report.
- [The Fed | The Next Frontier of Payments Innovation - Speech by Governor Christopher J. Waller, Member of the Federal Reserve Board of Governors](https://eaccny.com/news/the-next-frontier-of-payments-innovation-speech-by-governor-christopher-j-waller-member-of-the-federal-reserve-board-of-governors/)
- [Jaguar Freight | A Looming Court Decision on Tariffs, Changing Trade Lanes, and the U.S. Warehousing Crunch Continues](https://eaccny.com/news/member-news/jaguar-freight-a-looming-court-decision-on-tariffs-changing-trade-lanes-and-the-u-s-warehousing-crunch-continues/) - Global Ports The Headlines: U.S. trade policy is having a notable impact on global trade, despite months of delays and uncertainty. Data shows that in August, China began shipping more to ASEAN countries and less to the U.S., while also bringing attention to the issue of illegal transshipment. The upcoming U.S. port fees are also U.S. trade policy is having a notable impact on global trade, despite months of delays and uncertainty - Updates and headlines on Global ports activities, Ocean & air freight update, U.S. Logistics Manager’s Index, supply chain risk update, Trade Tariffs and Fees and the Supply Chain,
- [European Parliament | Metsola to EU leaders: Simplification Means More Jobs, Stability and Security](https://eaccny.com/news/european-parliament-metsola-to-eu-leaders-simplification-means-more-jobs-stability-and-security/)
- [European Commission | Circular Economy Could Slash up to 231 Million Tonnes of CO₂ from Heavy Industry per Year](https://eaccny.com/news/european-commission-circular-economy-could-slash-up-to-231-million-tonnes-of-co₂-from-heavy-industry-per-year/)
- [Vulcan View: The latest EU developments 29 September - 3 October](https://eaccny.com/news/vulcan-view-the-latest-eu-developments-29-september-3-october/)
- [Pirelli Wins the International Compasso d'Oro](https://eaccny.com/news/pirelli-wins-the-international-compasso-doro/)
- [Trepp | The Big Picture - The CRE Rundown](https://eaccny.com/news/trepp-the-big-picture-the-cre-rundown/)
- [ACG Resources | The Importance Of Staying Focused At The Office](https://eaccny.com/news/member-news/acg-resources-the-importance-of-staying-focused-at-the-office-2/) - By this point in human history the science is undeniable: multitasking is not your friend. Employees should do it to whatever degree they are required but beyond that they should not seek out multitasking because the facts show it kills productivity. The average desk job employee loses 2.1 hours a day to distractions and interruptions; By this point in human history the science is undeniable: multitasking is not your friend. Employees should do it to whatever degree they are required but beyond that they should not seek out multitasking because the facts show it kills productivity. The average desk job employee loses 2.1 hours a day to distractions and interruptions; that adds up to over a full day of work every week.
- [Wilson Sonsini | California Enacts Major AI Safety Legislation for Frontier AI Developers](https://eaccny.com/news/member-news/wilson-sonsini-california-enacts-major-ai-safety-legislation-for-frontier-ai-developers/) - On September 29, 2025, California Governor Gavin Newsom signed into law Senate Bill 53, the Transparency in Frontier AI Act (TFAIA), the first-of-its-kind AI legislation in the U.S. that will require large AI developers to publicly disclose how they plan to mitigate potentially “catastrophic risks” posed by advanced frontier AI models. The law builds on On September 29, 2025, California Governor Gavin Newsom signed into law Senate Bill 53, the Transparency in Frontier AI Act (TFAIA), the first-of-its-kind AI legislation in the U.S. that will require large AI developers to publicly disclose how they plan to mitigate potentially “catastrophic risks” posed by advanced frontier AI models. The law builds on recommendations from the June 2025 report from the Joint California AI Policy Working Group and is a pared-back successor to last year’s unsuccessful Senate Bill 1047, which was vetoed amidst industry opposition. Most provisions of SB 53 will be effective starting January 1, 2026.
- [Greenberg Traurig | How Robotics Startups Can Avoid Costly IP Mistakes](https://eaccny.com/news/greenberg-traurig-how-robotics-startups-can-avoid-costly-ip-mistakes/)
- [European Commission | New Platform to Enhance Transparency in Mineral Supply Chains](https://eaccny.com/news/european-commission-new-platform-to-enhance-transparency-in-mineral-supply-chains/)
- [Troutman Pepper Locke | Tariffs Imposed on Timber, Lumber, and Derivative Wood Products](https://eaccny.com/news/troutman-pepper-locke-tariffs-imposed-on-timber-lumber-and-derivative-wood-products/)
- [ECB | More Uncertainty, Less Lending: How US Policy Affects Firm Financing in Europe](https://eaccny.com/news/ecb-more-uncertainty-less-lending-how-us-policy-affects-firm-financing-in-europe/)
- [European Commission | EU to Boost Financial Literacy and Investment Opportunities for Citizens](https://eaccny.com/news/european-commission-eu-to-boost-financial-literacy-and-investment-opportunities-for-citizens/)
- [PwC | IRS Issues New Interim CAMT Guidance](https://eaccny.com/news/pwc-irs-issues-new-interim-camt-guidance/)
- [OgletreeDeakins | Immigration Impacts During a Government Shutdown](https://eaccny.com/news/ogletreedeakins-immigration-impacts-during-a-government-shutdown/)
- [CLA (CliftonLarsonAllen) | Government Shutdown: What Now for Health Care?](https://eaccny.com/news/cla-cliftonlarsonallen-government-shutdown-what-now-for-health-care/)
- [Jaguar Freight | Update on the U.S. Government Shutdown and the Impact on Supply Chains](https://eaccny.com/news/jaguar-freight-update-on-the-u-s-government-shutdown-and-the-impact-on-supply-chains/)
- [IMF | Explainer: Five Megatrends Shaping the Rise of Nonbank Finance](https://eaccny.com/news/imf-explainer-five-megatrends-shaping-the-rise-of-nonbank-finance/)
- [ECB | Trade wars and central banks: lessons from 2025 - Speech by President Christine Lagarde](https://eaccny.com/news/ecb-trade-wars-and-central-banks-lessons-from-2025-speech-by-president-christine-lagarde/)
- [AlixPartners | 2025 U.S. Retail Holiday Outlook: An "Underwhelming" 3%-5% Growth Projected Amid Shifting Consumer Sentiment and Behaviors](https://eaccny.com/news/alixpartners-2025-u-s-retail-holiday-outlook-an-underwhelming-3-5-growth-projected-amid-shifting-consumer-sentiment-and-behaviors/)
- [Troutman Pepper Locke | AI’s Impact on Patent Examination: A Forward-Looking Perspective](https://eaccny.com/news/ais-impact-on-patent-examination-a-forward-looking-perspective/)
- [Bannockburn Capital Markets | October 2025 Monthly](https://eaccny.com/news/bannockburn-capital-markets-october-2025-monthly/)
- [Jaguar Freight | The Weekly Roar –  Carriers absorbing port surcharges, the challenges of reshoring, more insights on the use of AI in the industry, European struggles, and the new Federal Maritime Commission Act of 2025](https://eaccny.com/news/jaguar-freight-the-weekly-roar-carriers-absorbing-port-surcharges-the-challenges-of-reshoring-more-insights-on-the-use-of-ai-in-the-industry-european-struggles-and-the-new-federal-mar/)
- [ECB Presents Findings from Digital Euro Innovation Platform and Announces Second Round of Experimentation](https://eaccny.com/news/ecb-presents-findings-from-digital-euro-innovation-platform-and-announces-second-round-of-experimentation/)
- [European Commission announces €545 million package to scale up renewables in Africa](https://eaccny.com/news/european-commission-announces-e545-million-package-to-scale-up-renewables-in-africa/)
- [Transatlantic Trade Monitor: Facts You Need Now | The Impact of Trump's Tariffs: A Comprehensive Analysis](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-the-impact-of-trumps-tariffs-a-comprehensive-analysis/) - By: Mike Smith, Principal, CliftonLarsonAllen Key insights • President Donald Trump's tariffs are reshaping international trade dynamics and additional changes could be forthcoming. • Learn about the potential wide-ranging economic impact on key industries and how it could affect your business and operations. • This is an evolving situation that continues to change. Tariffs have Key insights • President Donald Trump's tariffs are reshaping international trade dynamics and additional changes could be forthcoming. • Learn about the potential wide-ranging economic impact on key industries and how it could affect your business and operations. • This is an evolving situation that continues to change.
- [IMF | Fiscal Rules Foster Stability as Spending Pressures Grow](https://eaccny.com/news/chapternews/imf-fiscal-rules-foster-stability-as-spending-pressures-grow/) - By: Era Dabla-Norris, Raphael Lam, Francisco Roch Prudent anchors, corrective mechanisms, and supportive institutions can help countries comply with their fiscal rules and commit to sound public finances Countries have increasingly adopted fiscal rules and frameworks that aim to give clarity and predictability to government spending. But these rules have not been as effective in keeping deficits Countries have increasingly adopted fiscal rules and frameworks that aim to give clarity and predictability to government spending. But these rules have not been as effective in keeping deficits and debt within their intended limits. As we show in a new report, about 40 percent of advanced economies and nearly two-thirds of emerging markets exceed their own fiscal limits.
- [ECB | Don’t blame the herald: statistical independence is indispensable](https://eaccny.com/news/chapternews/ecb-dont-blame-the-herald-statistical-independence-is-indispensable/) - By Claudia Mann Good statistics are accurate, timely, consistent and comparable. Only then can they be the unbiased reality check needed for responsible decision-making. The ECB blog looks back at past mistakes and what Europe has learned from them. We are often asked: how independent are European statistics, really? Following recent international headlines, this question Good statistics are accurate, timely, consistent and comparable. Only then can they be the unbiased reality check needed for responsible decision-making. The ECB blog looks back at past mistakes and what Europe has learned from them. We are often asked: how independent are European statistics, really? Following recent international headlines, this question has gained new momentum. To answer it, let me take you back to Europe’s own “deficit drama” in statistics, explain how it was resolved, and illustrate how the governance we now have in place is a rock-solid safeguard for accountability, markets and policymaking.
- [New York State Governor | Governor Hochul Directs State Agencies to Accelerate Renewable Energy Development and Construction](https://eaccny.com/news/chapternews/new-york-state-governor-governor-hochul-directs-state-agencies-to-accelerate-renewable-energy-development-and-construction/) - State launches New Renewable Energy Solicitation Directive Prioritizes Shovel-Ready Projects Eligible for Federal Tax Credits To Save New Yorkers Money As part of New York’s all-of-the-above energy strategy, Governor Kathy Hochul today announced a coordinated set of actions to accelerate the deployment and construction of reliable and clean energy across New York State that will As part of New York’s all-of-the-above energy strategy, Governor Kathy Hochul today announced a coordinated set of actions to accelerate the deployment and construction of reliable and clean energy across New York State that will help stabilize energy prices. Recognizing the near-term need for power to meet increasing electricity demand as well as economic development needs and the importance of adapting to shifting federal policies, Governor Hochul is launching a new solicitation for renewable energy and directing state agencies to work together to responsibly advance shovel-ready renewable energy projects as quickly as possible. These efforts are designed to support New York ratepayers by using sunsetting federal clean energy tax credits to bring down costs.
- [Panitch Schwarze | The Secret to Strong AI Patents](https://eaccny.com/news/member-news/panitch-schwarze-the-secret-to-strong-ai-patents/) - By: Charles F. Wieland Patenting AI innovations is more than filing early, broadly and often—it’s about drafting in a way that ensures both eligibility and durability. The strongest applications highlight technical improvements such as faster training, energy efficiency, or novel data structures, tie to solving technical problems, rather than framing the invention as an abstract algorithm. A layered claim Patenting AI innovations is more than filing early, broadly and often—it’s about drafting in a way that ensures both eligibility and durability. The strongest applications highlight technical improvements such as faster training, energy efficiency, or novel data structures, tie to solving technical problems, rather than framing the invention as an abstract algorithm.
- [Vulcan View: The latest EU developments 22 September - 26 September](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-22-september-26-september/) - EU and Indonesia seal negotiations on free trade agreement On Tuesday, 23 September, the EU and Indonesia officialy finalised a landmark trade deal, bringing years of negotiations to an end. Following a political agreement reached in July, EU Trade Commissioner Maroš Šefčovič was in Indonesia on Tuesday to mark the conclusion of the Comprehensive Economic Partnership EU and Indonesia seal negotiations on free trade agreement, On Tuesday, 23 September, the EU and Indonesia officialy finalised a landmark trade deal, bringing years of negotiations to an end. Following a political agreement reached in July, EU Trade Commissioner Maroš Šefčovič was in Indonesia on Tuesday to mark the conclusion of the Comprehensive Economic Partnership Agreement (CEPA). The landmark pact is designed to slash tariffs, open up one of the world’s fastest-growing economies to European firms, and secure vital raw materials for Europe’s green transition, creating a free-trade zone of over 700 million consumers. Critical medicines and pharmaceutical tariffs escalate EU-US trade tensions, In a move set to escalate transatlantic trade tensions, U.S. President Trump announced over the weekend a plan to link drug prices to potential tariffs, targeting pharmaceutical companies and countries he believes are preventing lower prices in the United States. President Trump said he wants Americans to pay a “most favoured nation” (MFN) price for branded medicines – in his view, the lowest price charged in comparable countries in the Organisation for Economic Co-operation and Development (OECD).
- [Transatlantic Trade Monitor: Facts You Need Now | Trade Update - What You Need to Know About Transshipment](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-trade-update-what-you-need-to-know-about-transshipment/) - Transshipment has fast become the second most important word in trade, after tariff. The reason is that the U.S. government is intensifying its oversight of importers suspected of using transshipment through third countries to evade duties on Chinese goods. And the risks and costs of violating the rules can be severe. This increased scrutiny comes Transshipment has fast become the second most important word in trade, after tariff. The reason is that the U.S. government is intensifying its oversight of importers suspected of using transshipment through third countries to evade duties on Chinese goods. And the risks and costs of violating the rules can be severe. This increased scrutiny comes as shifting trade flows highlight how exporters are adjusting to the new tariff environment. In August, China’s exports to the U.S. fell 33% year-over-year, while shipments to ASEAN nations jumped 22.5%. The changing trade mix underscores Washington’s concern that rerouting goods through Southeast Asia may be masking their true origin.
- [European Commission | EU takes action to ensure complete and timely transposition of EU directives](https://eaccny.com/news/chapternews/european-commission-eu-takes-action-to-ensure-complete-and-timely-transposition-of-eu-directives-2/) - The European Commission is taking action against several EU Member States that have failed to notify the Commission of measures they have adopted to transpose EU Directives into their national laws. The deadline to transpose these Directives has expired recently. The Commission is sending a letter of formal notice to these Member States, giving them The European Commission is taking action against several EU Member States that have failed to notify the Commission of measures they have adopted to transpose EU Directives into their national laws. The deadline to transpose these Directives has expired recently. The Commission is sending a letter of formal notice to these Member States, giving them two months to reply and complete the transposition of the Directives. If they fail to do so, the Commission may pass to a next step and issue a reasoned opinion. The Member States in question have failed to fully transpose four EU directives related to financial stability, home affairs and health. The Commission is urging them to take immediate action to bring their laws in line with EU requirements.
- [Council of the EU | Simplification: Council agrees positions on digitalisation and common specifications, as well as on small mid-caps, to boost EU competitiveness](https://eaccny.com/news/chapternews/council-of-the-eu-simplification-council-agrees-positions-on-digitalisation-and-common-specifications-as-well-as-on-small-mid-caps-to-boost-eu-competitiveness/) - Member states’ representatives (Coreper) approved today the Council’s positions on several Commission proposals which form part of the so-called ‘Omnibus IV’ legislative package and contain two main elements: • two proposals (directive and regulation) on digitalisation and common specifications aiming to digitalise existing physical requirements by implementing the ‘digital by default’ principle and introduce a procedure for the Commission to Member states’ representatives (Coreper) approved today the Council’s positions on several Commission proposals which form part of the so-called ‘Omnibus IV’ legislative package and contain two main elements: • two proposals (directive and regulation) on digitalisation and common specifications aiming to digitalise existing physical requirements by implementing the ‘digital by default’ principle and introduce a procedure for the Commission to draw up common specifications in a number of legal acts, and • two proposals (directive and regulation) aiming to extend certain mitigation and support measures available for small and medium enterprises (SMEs) to companies that have outgrown the SME definition, the so-called small mid-cap enterprises (SMCs)
- [ECB | When groceries bite: the role of food prices for inflation in the euro area](https://eaccny.com/news/chapternews/ecb-when-groceries-bite-the-role-of-food-prices-for-inflation-in-the-euro-area/) - By Elena Bobeica, Gerrit Koester and Christiane Nickel While overall inflation has normalised and currently lies at the ECB’s 2% medium-term target, food inflation is higher. To put a meal on the table, consumers pay roughly a third more than before the pandemic. This ECB Blog looks at the causes and consequences for monetary policy. While overall inflation has normalised and currently lies at the ECB’s 2% medium-term target, food inflation is higher. To put a meal on the table, consumers pay roughly a third more than before the pandemic. This ECB Blog looks at the causes and consequences for monetary policy.
- [OECD finds growing transparency efforts among leading AI developers](https://eaccny.com/news/chapternews/oecd-finds-growing-transparency-efforts-among-leading-ai-developers/) - Leading AI developers are taking significant steps to make their systems more robust and secure, according to a new OECD report. How are AI developers managing risks? Insights from responses to the reporting framework of the Hiroshima AI Process Code of Conduct analyses voluntary transparency reporting under the G7 Hiroshima AI Process from technology and telecommunications Leading AI developers are taking significant steps to make their systems more robust and secure, according to a new OECD report.
- [Barnes & Thornburg | Department of Homeland Security Proposes Changes to H-1B Lottery Selection Process](https://eaccny.com/news/member-news/barnes-thornburg-department-of-homeland-security-proposes-changes-to-h-1b-lottery-selection-process/) - By: Sarah J. Hawk, Rebecca J. Bernhard, Tejas Shah, Barnes and Thornburg Highlights • The Department of Homeland Security (DHS) proposed a new rule that would affect the H-1B visa selection process. • The rule remains a proposal and is open for public comments for the next 30 days. • This proposed rule, if implemented, marks a third major shift Highlights • The Department of Homeland Security (DHS) proposed a new rule that would affect the H-1B visa selection process. • The rule remains a proposal and is open for public comments for the next 30 days. • This proposed rule, if implemented, marks a third major shift to the H-1B lottery in the last decade. • Legal challenges to a final rule, if implemented, are possible.
- [EU External Action Service | EU Leaders at the 80th UN General Assembly: an unwavering commitment to effective multilateralism](https://eaccny.com/news/chapternews/eu-external-action-service-eu-leaders-at-the-80th-un-general-assembly-an-unwavering-commitment-to-effective-multilateralism/) - A high-level delegation of the European Union (EU) leaders will participate in the 80th session of the United Nations General Assembly (UNGA) in New York from 21-30 September. The focus of EU engagement will be to uphold the rules and principles of the UN Charter, including those of sovereignty and territorial integrity, political independence and A high-level delegation of the European Union (EU) leaders will participate in the 80th session of the United Nations General Assembly (UNGA) in New York from 21-30 September. The focus of EU engagement will be to uphold the rules and principles of the UN Charter, including those of sovereignty and territorial integrity, political independence and self-determination.
- [Trepp | CMBS Special Servicing Report August 2025: Overall Rate Retreats for the Second Consecutive Month](https://eaccny.com/news/member-news/trepp-cmbs-special-servicing-report-august-2025-overall-rate-retreats-for-the-second-consecutive-month/) - The Trepp CMBS Special Servicing rate receded moderately in August, falling another 19 basis points to 10.29%. This was the second consecutive monthly decrease, after the rate peaked at an all-time high in June. The main cause for the decrease in the headline rate was the overall balance of loans outstanding falling nearly $14 billion The Trepp CMBS Special Servicing rate receded moderately in August, falling another 19 basis points to 10.29%.
- [OECD | Global economic outlook weakens as policy uncertainty weighs on demand](https://eaccny.com/news/chapternews/oecd-global-economic-outlook-weakens-as-policy-uncertainty-weighs-on-demand/) - The global economy was more resilient than anticipated in the first half of 2025, but downside risks loom large as higher barriers to trade and geopolitical and policy uncertainty continue to weigh on activity in many economies. The latest OECD Interim Economic Outlook projects global growth slowing from 3.3% in 2024 to 3.2% in 2025 and 2.9% The global economy was more resilient than anticipated in the first half of 2025, but downside risks loom large as higher barriers to trade and geopolitical and policy uncertainty continue to weigh on activity in many economies.
- [Jaguar Freight | Trade Update: What you need to know about transshipment](https://eaccny.com/news/member-news/jaguar-freight-trade-update-what-you-need-to-know-about-transshipment/) - Transshipment has fast become the second most important word in trade, after tariff. The reason is that the U.S. government is intensifying its oversight of importers suspected of using transshipment through third countries to evade duties on Chinese goods. And the risks and costs of violating the rules can be severe. This increased scrutiny comes Transshipment has fast become the second most important word in trade, after tariff. The reason is that the U.S. government is intensifying its oversight of importers suspected of using transshipment through third countries to evade duties on Chinese goods. And the risks and costs of violating the rules can be severe. This increased scrutiny comes as shifting trade flows highlight how exporters are adjusting to the new tariff environment. In August, China’s exports to the U.S. fell 33% year-over-year, while shipments to ASEAN nations jumped 22.5%. The changing trade mix underscores Washington’s concern that rerouting goods through Southeast Asia may be masking their true origin.
- [Transatlantic Trade Monitor: Facts You Need Now | Federal Circuit Court of Appeals Issues Ruling Deeming Tariffs Under IEEPA Unlawful](https://eaccny.com/news/member-news/troutman-pepper-locke-federal-circuit-court-of-appeals-issues-ruling-deeming-tariffs-under-ieepa-unlawful/) - By Jamey B. Collidge, Ryan M. Graham, Ryan Last, and Charlene C. Goldfield On August 29, 2025, the U.S. Court of Appeals for the Federal Circuit affirmed a ruling by the U.S. Court of International Trade, holding that President Trump overstepped the authority provided by Congress under the International Emergency Economic Powers Act (50 U.S.C. 1701 et On August 29, 2025, the U.S. Court of Appeals for the Federal Circuit affirmed a ruling by the U.S. Court of International Trade, holding that President Trump overstepped the authority provided by Congress under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA) to impose broad tariffs aimed at addressing drug trafficking, illegal migration, and international trade imbalances. The court deemed unlawful those tariffs imposed on Canada, Mexico, and China meant to curb the flow of illicit drugs and illegal migration, and reciprocal tariffs imposed on dozens of countries throughout the world to curb trade imbalances (collectively, the IEEPA Tariffs).
- [European Commission | Joint letter: All hands on deck for the just and equitable energy transition](https://eaccny.com/news/chapternews/european-commission-joint-letter-all-hands-on-deck-for-the-just-and-equitable-energy-transition/) - The world is transitioning faster than ever towards clean energy. Last year alone, global spending hit a record $2tn, with $2 invested in clean energy for every $1 in fossil fuels, according to the International Energy Agency. In the power sector, investment in clean technologies outstripped fossil fuels by 10 to 1. This shift is The world is transitioning faster than ever towards clean energy. Last year alone, global spending hit a record $2tn, with $2 invested in clean energy for every $1 in fossil fuels, according to the International Energy Agency. In the power sector, investment in clean technologies outstripped fossil fuels by 10 to 1. This shift is driven by the existential threat of climate change, a shared recognition that energy security is national security, and the understanding that clean energy is the route to delivering energy security and growth for citizens.
- [IMF | National-Level Priorities to Lift Growth in the EU: Why, What, and How?](https://eaccny.com/news/chapternews/imf-national-level-priorities-to-lift-growth-in-the-eu-why-what-and-how/) - Remarks by Alfred Kammer, Director, European Department, International Monetary Fund, at the EU’s Economic and Financial Affairs Council Thank you for the opportunity to address you today on the national-level reform priorities of EU countries. History shows that high productivity growth in Europe is possible. Between the end of World War II and the end Remarks by Alfred Kammer, Director, European Department, International Monetary Fund, at the EU’s Economic and Financial Affairs Council
- [World Bank Group Successfully Closes Inaugural Securitization Transaction, Marking Pivotal Step in Private Sector Mobilization Effort](https://eaccny.com/news/chapternews/world-bank-group-successfully-closes-inaugural-securitization-transaction-marking-pivotal-step-in-private-sector-mobilization-effort/) - WASHINGTON, D.C., September 19, 2025—The World Bank Group, through its private sector arm, the International Finance Corporation, has closed its inaugural securitization transaction; successfully launching a new model to attract institutional private capital into emerging markets. This transaction marks the first tangible step in a larger effort to build an originate-to-distribute model for emerging market WASHINGTON, D.C., September 19, 2025—The World Bank Group, through its private sector arm, the International Finance Corporation, has closed its inaugural securitization transaction; successfully launching a new model to attract institutional private capital into emerging markets. This transaction marks the first tangible step in a larger effort to build an originate-to-distribute model for emerging market investments.
- [EXIM Bank | John Jovanovic Confirmed as Chairman of Export-Import Bank of the United States](https://eaccny.com/news/chapternews/exim-bank-john-jovanovic-confirmed-as-chairman-of-export-import-bank-of-the-united-states/) - Washington, D.C. — The Export-Import Bank of the United States (EXIM) today announced that John Jovanovic has been confirmed by the United States Senate as President and Chairman of the Board of Directors. Jovanovic brings extensive experience in finance, investments, and public service to EXIM. “I am deeply grateful to President Trump for the opportunity Washington, D.C. — The Export-Import Bank of the United States (EXIM) today announced that John Jovanovic has been confirmed by the United States Senate as President and Chairman of the Board of Directors. Jovanovic brings extensive experience in finance, investments, and public service to EXIM.
- [Jaguar Freight | The Weekly Roar – The USMCA, Big Data, U.S.-bound container imports, greenhouse gas emissions, and global supply chain trends.](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-in-this-weeks-roar-looking-for-feedback-on-the-usmca-the-industrys-problems-with-big-data-a-new-record-for-u-s-bound-container-imports/) - The hard work of managing global trade strategies and negotiations continues even when the talk of tariffs fades (ever so slightly) from the headlines. The U.S. has launched a formal consultation process for the upcoming review of the vital U.S.-Mexico-Canada Agreement (USMCA), asking the public to comment on any benefits and shortcomings of the trade deal. Stakeholders The hard work of managing global trade strategies and negotiations continues even when the talk of tariffs fades (ever so slightly) from the headlines. The U.S. has launched a formal consultation process for the upcoming review of the vital U.S.-Mexico-Canada Agreement (USMCA), asking the public to comment on any benefits and shortcomings of the trade deal. Stakeholders have 45 days to submit feedback on issues including balanced trade, market access, and economic security. The first USMCA joint review meeting is set for July 2026, and the U.S. Trade Representative is also planning a public hearing in November.
- [ECB | Constraints on intermediary banks can undermine functioning government bond markets](https://eaccny.com/news/chapternews/ecb-constraints-on-intermediary-banks-can-undermine-functioning-government-bond-markets/) - By Miguel Ampudia, Eduard Betz, Anne Duquerroy, Benjamin Hartung, Vagia Iskaki and Olivier Vergote A small group of banks is crucial for the smooth functioning of euro area sovereign bond markets. They buy bonds from issuing governments and sell them on to final holders. To play this role, they need sufficient resources, especially capital. This A small group of banks is crucial for the smooth functioning of euro area sovereign bond markets. They buy bonds from issuing governments and sell them on to final holders. To play this role, they need sufficient resources, especially capital. This blog examines potential signs of strain in the intermediation process.
- [Transatlantic Trade Monitor: Facts You Need Now | Lower Rates, Higher Stakes: What the US Interest Rate Cut Means for FDI](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-lower-rates-higher-stakes-what-the-us-interest-rate-cut-means-for-fdi/) - By Ian Hunter, Director, OCO Global Cheaper money has changed boardroom calculus. With the Federal Reserve’s interest rate cut, European CFOs deciding where to build the next plant or R&D hub now see the United States as easier to finance and faster to scale. Momentum in foreign direct investment (FDI) was already tilting west; lower Cheaper money has changed boardroom calculus. With the Federal Reserve’s interest rate cut, European CFOs deciding where to build the next plant or R&D hub now see the United States as easier to finance and faster to scale. Momentum in foreign direct investment (FDI) was already tilting west; lower rates nudge more plans from deck to delivery, especially in states that pair credible incentives with execution. Think Pennsylvania, Texas, New York, South Carolina, Ohio, and Michigan – places where manufacturing, clean energy, and supply chains can move from approval to commissioning without losing tempo.
- [IMF | Stress Tests Can Help Determine How Much Capital Central Banks Need](https://eaccny.com/news/chapternews/imf-stress-tests-can-help-determine-how-much-capital-central-banks-need/) - By: Romain Veyrune Assessments can help clarify the appropriate capitalization to best ensure a sound institutional financial position Central banks pride themselves on being data-driven and consensus-based. Surprisingly, though, there is little consensus among policymakers on a crucial issue: how much capital should these institutions hold? Unlike commercial banks, central banks don’t have universally prescribed Assessments can help clarify the appropriate capitalization to best ensure a sound institutional financial position
- [Export-Import Bank of the United States Board of Directors Approves Infrastructure Investments Totaling Nearly $285 Million](https://eaccny.com/news/chapternews/export-import-bank-of-the-united-states-board-of-directors-approves-infrastructure-investments-totaling-nearly-285-million/) - Transactions Export Locomotives, Facilitate Purchase of Liquified Natural Gas Washington, DC – The Export-Import Bank of the United States’ (EXIM) Board of Directors today approved two transactions totaling nearly $285 million. The first of the two approvals today supports the export of Wabtec Corporation modernized locomotives to Grupo Mexico Transportes (GMXT). The nearly $185 million in Transactions Export Locomotives, Facilitate Purchase of Liquified Natural Gas Washington, DC – The Export-Import Bank of the United States’ (EXIM) Board of Directors today approved two transactions totaling nearly $285 million. The first of the two approvals today supports the export of Wabtec Corporation modernized locomotives to Grupo Mexico Transportes (GMXT). The nearly $185 million in financing will support GMXT’s fleet renewal program and support 600 good-paying, skilled manufacturing jobs in Pennsylvania and Texas.
- [Troutman Pepper Locke | Trump Administration’s Landmark Report on Digital Assets](https://eaccny.com/news/member-news/troutman-pepper-locke-trump-administrations-landmark-report-on-digital-assets/) - By: Ethan G. Ostroff, Genna Garver, Kim Phan, Keegan T. McCoy, David Madrazo, James Shreve, Peter E. Jeydel, and Yulian Y. Kolarov, Troutman Pepper Locke LLP The Report authored by the Presidential Working Group on Digital Assets Markets (PWG), titled “Strengthening American Leadership in Digital Financial Technology,” along with the accompanying fact sheet, outlines several key objectives aimed The Report authored by the Presidential Working Group on Digital Assets Markets (PWG), titled “Strengthening American Leadership in Digital Financial Technology,” along with the accompanying fact sheet, outlines several key objectives aimed at positioning the U.S. as a leader in digital asset markets. Among its objectives are reinforcing the role of the U.S. dollar, modernizing Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) rules for the digital assets ecosystem, and ensuring fairness and predictability by establishing clear regulatory oversight.
- [Vulcan View: The latest EU developments 15 September - 19 September](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-15-september-19-september/) - European Commission proposes suspension of the EU-Israel Association Agreement The situation in Gaza has caused several divisions in the EU, with some Member States wanting to introduce measures against Israel while others resist. The Commission has mostly stayed out of the discussion until now. However, on Wednesday, 10 September, European Commission President Ursula von der Leyen European Commission proposes suspension of the EU-Israel Association Agreement, One year after the Draghi Report: where does the EU stand?
- [OECD encourages responsible use of AI by governments to strengthen efficiency, effectiveness and trust](https://eaccny.com/news/chapternews/oecd-encourages-responsible-use-of-ai-by-governments-to-strengthen-efficiency-effectiveness-and-trust/) - Adoption of artificial intelligence (AI) in public administrations is growing, but governments face a range of challenges in scaling up AI applications, leading to many initiatives remaining in their pilot phase, according to a new OECD report. As AI becomes an integral part of digital government, transforming processes and services to improve productivity, responsiveness and accountability, the OECD’s Governing Adoption of artificial intelligence (AI) in public administrations is growing, but governments face a range of challenges in scaling up AI applications, leading to many initiatives remaining in their pilot phase, according to a new OECD report.
- [Council of the EU | Cohesion policy mid-term review: Council adopts new laws to better address current and emerging challenges](https://eaccny.com/news/chapternews/european-commission-eu-welcomes-an-agreement-on-cohesion-policy-modernisation/) - In the context of the mid-term review of the EU’s cohesion policy, the Council adopted today amendments to existing regulations to better address current and emerging strategic challenges linked to the economic, social and territorial cohesion. These include, notably, defence and security, competitiveness and decarbonisation, affordable housing, measures related to water and challenges facing Eastern border regions.
- [EIB | More than 350,000 European companies to get energy efficiency support under major EU financing initiative](https://eaccny.com/news/member-news/eib-more-than-350000-european-companies-to-get-energy-efficiency-support-under-major-eu-financing-initiative-2/) - • EIB Group pledges €17.5 billion to support energy efficiency improvements by small and medium-sized European businesses. • Commitment aims to spur energy savings by more than 350,000 companies over next three years, nearly doubling EIB Group financing in this area. • EIB Group also teams up with nonprofit Solar Impulse Foundation to promote energy • EIB Group pledges €17.5 billion to support energy efficiency improvements by small and medium-sized European businesses. • Commitment aims to spur energy savings by more than 350,000 companies over next three years, nearly doubling EIB Group financing in this area. • EIB Group also teams up with nonprofit Solar Impulse Foundation to promote energy efficiency as a service. • New report highlights drivers of and barriers to energy efficiency investments in Europe.
- [IMF Managing Director Kristalina Georgieva Appoints Nigel Chalk as Director of the Western Hemisphere Department](https://eaccny.com/news/chapternews/imf-managing-director-kristalina-georgieva-appoints-nigel-chalk-as-director-of-the-western-hemisphere-department/) - Washington, DC: International Monetary Fund (IMF) Managing Director Kristalina Georgieva today announced her intention to appoint Nigel Chalk as Director of the Fund’s Western Hemisphere Department (WHD). Mr Chalk will assume his new role effective October 27, 2025. A UK and Irish national, Mr. Chalk brings to the role nearly three decades of experience at the Washington, DC: International Monetary Fund (IMF) Managing Director Kristalina Georgieva today announced her intention to appoint Nigel Chalk as Director of the Fund’s Western Hemisphere Department (WHD). Mr Chalk will assume his new role effective October 27, 2025.
- [IPTI | Property Tax in the News – September 2025](https://eaccny.com/news/member-news/ipti-property-tax-in-the-news-september-2025/) - IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in “IPTI Xtracts” on our website: www.ipti.org. Please note that these are news articles; they do not necessarily reflect IPTI’s views.
- [IMF | Global Debt Remains Above 235% of World GDP](https://eaccny.com/news/chapternews/imf-global-debt-remains-above-235-of-world-gdp/) - By: Vitor Gaspar, Carlos Eduardo Goncalves, Marcos Poplawski-Ribeiro, IMF Decline in private lending offsets increase in public borrowing; notable differences persist across countries and income groups. Global debt has stabilized, though it remains at an elevated level, as a continued reduction in private-sector lending offset greater borrowing by governments. Total debt was little changed last year, just Decline in private lending offsets increase in public borrowing; notable differences persist across countries and income groups.
- [ECB | What resilience takes: strengthening the financial system in an era of heightened risk](https://eaccny.com/news/chapternews/ecb-what-resilience-takes-strengthening-the-financial-system-in-an-era-of-heightened-risk/) - Keynote speech by Piero Cipollone, Member of the Executive Board of the ECB, at the Resilience Conference hosted by De Nederlandsche Bank At a time of digital and geopolitical disruptions, enhancing our financial sector’s resilience is critical to protect the stability and prosperity of our economy. Money is ultimately a matter of trust. That trust Keynote speech by Piero Cipollone, Member of the Executive Board of the ECB, at the Resilience Conference hosted by De Nederlandsche Bank
- [European Commission | Opening keynote speech by President von der Leyen at the ‘One Year After the Draghi Report' Conference](https://eaccny.com/news/chapternews/european-commission-opening-keynote-speech-by-president-von-der-leyen-at-the-one-year-after-the-draghi-report-conference/) - Dear Professor Draghi, caro Mario, Excellencies, Ladies and gentlemen, Today we mark one year since the Draghi report was released. But let me go back for a moment to two years ago, when I first called you, Mario, to propose that you embark on this new mission. I remember you were intrigued by the offer. Today we mark one year since the Draghi report was released. But let me go back for a moment to two years ago, when I first called you, Mario, to propose that you embark on this new mission. I remember you were intrigued by the offer. But you set one condition. You said this new report had to make a real difference. You were not interested in writing another academic paper. You wanted a roadmap for action. And that was exactly what we were looking for. You and the team invested a full year to dig into Europe's strengths, its shortcomings, and how we could address them. And as soon as the report was out, all of Europe turned its ears to you. So, first of all, I want to thank you dear Mario. For your rigour. For your vision. And for your service to Europe. Grazie, Mario.
- [ECB | Stability through balance: rethinking power in a connected world](https://eaccny.com/news/chapternews/ecb-stability-through-balance-rethinking-power-in-a-connected-world/) - Paris, 15 September 2025 Speech by Christine Lagarde, President of the ECB, 'Conversations pour demain' on the occasion of the 25th anniversary of Institut Montaigne in Paris, France It is a great honour to be invited to celebrate the 25th anniversary of the Institut Montaigne with you. For a quarter of a century, this institution Speech by Christine Lagarde, President of the ECB, 'Conversations pour demain' on the occasion of the 25th anniversary of Institut Montaigne in Paris, France
- [Wilson Sonsini | EU Data Act Enters into Force](https://eaccny.com/news/member-news/wilson-sonsini-eu-data-act-enters-into-force/) - Effective September 12, 2025, the EU Data Act introduced new rules on access to and sharing of data from certain products and services in business-to-consumer (B2C), business-to-business (B2B), and business-to-government (B2G) contexts. This alert highlights the key obligations. The EU Data Act applies to any business offering products or services in the EU, regardless of Effective September 12, 2025, the EU Data Act introduced new rules on access to and sharing of data from certain products and services in business-to-consumer (B2C), business-to-business (B2B), and business-to-government (B2G) contexts. This alert highlights the key obligations. The EU Data Act applies to any business offering products or services in the EU, regardless of its location.
- [Transatlantic Trade Monitor: Facts You Need Now | Tariff Noncompliance and Evasion: Risks and Enforcement Trends](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-tariff-noncompliance-and-evasion-risks-and-enforcement-trends/) - By: Kerem Bilge, Counsel, Thompson Hine LLP Over the past decade, the global trade landscape has shifted sharply toward more complex tariff regimes. During President Donald Trump’s first administration, the U.S. government imposed wide-ranging Section 301 tariffs on hundreds of billions of dollars on imported goods from China and Section 232 national security tariffs on Over the past decade, the global trade landscape has shifted sharply toward more complex tariff regimes. During President Donald Trump’s first administration, the U.S. government imposed wide-ranging Section 301 tariffs on hundreds of billions of dollars on imported goods from China and Section 232 national security tariffs on U.S. imports of steel and aluminum products worldwide. During President Joe Biden’s administration, most of these tariffs were maintained and further increased on certain Chinese-origin products following the four-year review of the Section 301 measures.
- [European Commission | Commission launches new strategy to strengthen Europe's research and technology infrastructures](https://eaccny.com/news/chapternews/european-commission-commission-launches-new-strategy-to-strengthen-europes-research-and-technology-infrastructures/) - Today, the Commission has launched the European strategy on research and technology infrastructures to boost Europe's leadership in scientific excellence and technological innovation. To remain a frontrunner in the global race for science and innovation, Europe must reinforce decisively its research and technology infrastructures and make them even more integrated and accessible to a wider Today, the Commission has launched the European strategy on research and technology infrastructures to boost Europe's leadership in scientific excellence and technological innovation. To remain a frontrunner in the global race for science and innovation, Europe must reinforce decisively its research and technology infrastructures and make them even more integrated and accessible to a wider range of users.
- [Jaguar Freight | The Weekly Roar – Understanding “transshipment”, a tariff refund and a date with the Supreme Court, U.S. container imports in decline, and the rise of cargo theft.](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-understanding-transshipment-a-tariff-refund-and-a-date-with-the-supreme-court-u-s-container-imports-in-decline-and-the-rise-of-cargo-th/) - The Trump administration’s new 40% tariff on transshipped goods is causing more trade confusion. And it appears Vietnam is at the epicenter, due to the high amount of Chinese products rerouted through the Southeast Asian country. Since there’s no clear definition of the new regulation, Vietnam’s export growth could wind up as collateral damage. Central to the The Trump administration’s new 40% tariff on transshipped goods is causing more trade confusion. And it appears Vietnam is at the epicenter, due to the high amount of Chinese products rerouted through the Southeast Asian country. Since there’s no clear definition of the new regulation, Vietnam’s export growth could wind up as collateral damage. Central to the issue is that many Vietnamese exports rely on Chinese inputs, so it’s hard to distinguish between legitimate goods and transshipments. Rushing enforcement with no real rules in place means U.S. companies could face steep costs and, ironically, the policy may end up benefiting China.
- [Vulcan View: The latest EU developments 8 September - 12 September](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-8-september-12-september/) - Commission President von der Leyen calls for Europe’s “Independence Moment” On Wednesday (10 September), European Commission President Ursula von der Leyen delivered the State of the European Union address (SOTEU) in the European Parliament in Strasbourg. In this year’s address, President von der Leyen presented a stark appraisal of a world in transition, declaring that Europe is Commission President von der Leyen calls for Europe’s “Independence Moment” On Wednesday (10 September), European Commission President Ursula von der Leyen delivered the State of the European Union address (SOTEU) in the European Parliament in Strasbourg. In this year’s address, President von der Leyen presented a stark appraisal of a world in transition, declaring that Europe is in a “fight for its future.” Against a backdrop of global instability and geopolitical shifts, Ms. von der Leyen argued that this must be Europe’s “Independence Moment”, a time to assert its sovereignty, secure its future, and determine its own destiny. She stressed that the EU needs to take care of its own defence and security, to control the technologies and energies that power its economies, and to defend the democratic model and social market that underpin its societies. President Trump’s new tariff threats escalate EU-US trade tensions On Friday (5 September), US President Donald Trump threatened to impose more tariffs against the EU following the EU’s €2.95 billion fine against Google for violating anti-monopoly laws. The European Commission has claimed that Google has abused its dominant position in the advertising technology market.
- [European Commission | Ursula Von der Leyen: State of the Union Speech](https://eaccny.com/news/chapternews/european-commission-ursula-von-der-leyen-state-of-the-union-speech/) - “Check against delivery” President Metsola, Honourable Members, Europe is in a fight. A fight for a continent that is whole and at peace. For a free and independent Europe. A fight for our values and our democracies. A fight for our liberty and our ability to determine our destiny for ourselves. Make no mistake Europe is in a fight. A fight for a continent that is whole and at peace. For a free and independent Europe. A fight for our values and our democracies. A fight for our liberty and our ability to determine our destiny for ourselves. Make no mistake – this is a fight for our future. I thought long and hard about whether to start this State of the Union address with such a stark appraisal. After all, we Europeans are not used to – or comfortable with – talking in such terms. Because our Union is fundamentally a peace project. But the truth is that the world of today is unforgiving. And we cannot varnish over the difficulties that Europeans feel every day. They can feel the ground shift beneath them. They can feel things getting harder just as they are working harder. They can feel the impact of the global crisis. Of the higher cost of living. They feel the speed of change affecting their lives and careers. And they worry about the endless spiral of events they see on the news – from the devastating scenes in Gaza to the relentless Russian barrage on Ukraine. We simply cannot wait for this storm to pass. This summer showed us that there is simply no room or time for nostalgia. Battlelines for a new world order based on power are being drawn right now. So, yes, Europe must fight. For its place in a world in which many major powers are either ambivalent or openly hostile to Europe. A world of imperial ambitions and imperial wars. A world in which dependencies are ruthlessly weaponised. And it is for all of these reasons that a new Europe must emerge.
- [OECD | Governments increased tax revenues in 2024 to meet rising spending needs](https://eaccny.com/news/chapternews/oecd-governments-increased-tax-revenues-in-2024-to-meet-rising-spending-needs/) - Rising health expenditures and population ageing prompted many governments to increase social security contribution rates in 2024, reflecting a broader trend towards increasing revenues to strengthen the long-term sustainability of social protection systems, according to a new OECD report. The tenth annual edition of Tax Policy Reforms: OECD and Selected Partner Economies provides a comprehensive overview of Rising health expenditures and population ageing prompted many governments to increase social security contribution rates in 2024, reflecting a broader trend towards increasing revenues to strengthen the long-term sustainability of social protection systems, according to a new OECD report.
- [PwC | President Trump signs order modifying reciprocal tariffs and outlines path for trade deals](https://eaccny.com/news/member-news/pwc-president-trump-signs-order-modifying-reciprocal-tariffs-and-outlines-path-for-trade-deals/) - What happened? President Trump issued an Executive Order and Fact Sheet on September 5 modifying the scope of the reciprocal tariffs first announced on April 2, 2025 via Executive Order 14257, and establishing a framework for implementing trade and security agreements with US partners. The Executive Order revises Annex II of Executive Order 14257, which had carved out certain categories President Trump issued an Executive Order and Fact Sheet on September 5 modifying the scope of the reciprocal tariffs first announced on April 2, 2025 via Executive Order 14257, and establishing a framework for implementing trade and security agreements with US partners. The Executive Order revises Annex II of Executive Order 14257, which had carved out certain categories of goods from reciprocal tariff coverage. Under the new changes, bullion-related articles, certain critical minerals, and additional pharmaceutical products subject to pending Section 232 investigations have been added to Annex II, meaning they are no longer subject to reciprocal tariffs. At the same time, aluminum hydroxide, resin, and silicone products have been removed from Annex II, and are now subject to reciprocal tariffs. These modifications took effect on September 8.
- [Transatlantic Trade Monitor: Facts You Need Now | Changes to Reciprocal Tariffs and New Framework for Tariff Relief Under Trade Agreements](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-changes-to-reciprocal-tariffs-and-new-framework-for-tariff-relief-under-trade-agreements/) - By Ryan Last, Associate, Troutman Pepper Locke On September 5, President Trump signed an executive order introducing new exemptions (and removing other exemptions) to reciprocal tariffs, while also setting out a new framework that aims to promote the conclusion of more definitive trade and security agreements in exchange for additional forms of tariff relief. The executive order, On September 5, President Trump signed an executive order introducing new exemptions (and removing other exemptions) to reciprocal tariffs, while also setting out a new framework that aims to promote the conclusion of more definitive trade and security agreements in exchange for additional forms of tariff relief.
- [Transatlantic Trade Monitor: Facts You Need Now | EU-U.S. trade deal: one joint state­ment, two legislative pro­posals and many open questions](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-eu-u-s-trade-deal-one-joint-statement-two-legislative-proposals-and-many-open-questions/)
- [European Commission | 2025 Strategic Foresight Report sets out ‘Resilience 2.0' to guide Europe's long-term choices](https://eaccny.com/news/chapternews/european-commission-2025-strategic-foresight-report-sets-out-resilience-2-0-to-guide-europes-long-term-choices/) - The European Commission's 2025 Strategic Foresight Report presents ‘Resilience 2.0', a forward-looking and proactive approach to ensuring the EU thrives in turbulent times, anticipates new challenges and creates a safe space for citizens and business. The report recognises various megatrends: climate and environmental transitions are accelerating, security concerns are rising, and global competition is reshaping economies and The European Commission's 2025 Strategic Foresight Report presents ‘Resilience 2.0', a forward-looking and proactive approach to ensuring the EU thrives in turbulent times, anticipates new challenges and creates a safe space for citizens and business.
- [EIB | Multilateral development banks hit record $137 billion in climate finance to drive sustainable development worldwide](https://eaccny.com/news/member-news/eib-multilateral-development-banks-hit-record-137-billion-in-climate-finance-to-drive-sustainable-development-worldwide/) - • New report shows climate finance by multilateral development banks rose 10% in 2024 compared with previous year. • MDBs’ climate finance for low- and middle-income economies increased 14% to more than $85 billion. • Mobilised private finance for climate investments worldwide jumped 33% in 2024. Global climate finance by multilateral development banks (MDBs) increased • New report shows climate finance by multilateral development banks rose 10% in 2024 compared with previous year. • MDBs’ climate finance for low- and middle-income economies increased 14% to more than $85 billion. • Mobilised private finance for climate investments worldwide jumped 33% in 2024.
- [OECD | Educational attainment at an all-time high but barriers to access and low completion rates must be addressed, says OECD](https://eaccny.com/news/chapternews/oecd-educational-attainment-at-an-all-time-high-but-barriers-to-access-and-low-completion-rates-must-be-addressed-says-oecd/) - Educational attainment is at an all-time high, with around half (48%) of young adults in OECD countries now completing tertiary education, up from just 27% in 2000. These graduates tend to enjoy higher earnings, more stable employment and better health, according to a new OECD report. Education at a Glance 2025 provides comparable national statistics measuring Educational attainment is at an all-time high, with around half (48%) of young adults in OECD countries now completing tertiary education, up from just 27% in 2000. These graduates tend to enjoy higher earnings, more stable employment and better health, according to a new OECD report.
- [NY Fed | Short-Term Inflation Expectations Tick Up, Job Finding Expectations Reach Series Low](https://eaccny.com/news/chapternews/ny-fed-short-term-inflation-expectations-tick-up-job-finding-expectations-reach-series-low/) - NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the August 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations ticked up at the short-term horizon and remained unchanged at the medium- and longer-term horizons. Unemployment and job loss expectations worsened. Job finding expectations declined to a series NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the August 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations ticked up at the short-term horizon and remained unchanged at the medium- and longer-term horizons. Unemployment and job loss expectations worsened. Job finding expectations declined to a series low. Spending and household income growth expectations remained broadly unchanged. The survey was fielded from August 1 through August 31, 2025.
- [European Commission | From Promise to Progress: State of the Union 2025](https://eaccny.com/news/chapternews/european-commission-from-promise-to-progress-state-of-the-union-2025/) - Last year, almost 200 million Europeans cast their ballots to elect their representatives in the European Parliament. It was the moment of Europe’s choice. Turnout was the highest it had been in 20 years. This is proof that Europeans care about our Union and expect it to deliver on the challenges ahead. And this is the mission that the new Last year, almost 200 million Europeans cast their ballots to elect their representatives in the European Parliament. It was the moment of Europe’s choice. Turnout was the highest it had been in 20 years. This is proof that Europeans care about our Union and expect it to deliver on the challenges ahead. And this is the mission that the new Commission has taken on – to deliver on our citizens’ expectations and aspirations.
- [Jaguar Freight | The Weekly Roar – The Peak Season Confidence Report, a growing China-EU bond, China’s new overland route, Mexico’s plans to impose new tariffs, and opportunities still exist in air cargo.](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-the-peak-season-confidence-report-a-growing-china-eu-bond-chinas-new-overland-route-mexicos-plans-to-impose-new-tariffs-and-opportuniti/) - According to a 2025 Peak Season Confidence Report, 84% of industry leaders believe their supply chain systems are ready for peak demand, representing a significant improvement over last year. Additionally, fewer leaders anticipate tough conditions for the remainder of the year. This likely indicates investments in technology integration and workforce strategies, such as cross-training and early According to a 2025 Peak Season Confidence Report, 84% of industry leaders believe their supply chain systems are ready for peak demand, representing a significant improvement over last year. Additionally, fewer leaders anticipate tough conditions for the remainder of the year. This likely indicates investments in technology integration and workforce strategies, such as cross-training and early seasonal hiring, are working. Supplier diversification is now a core strategy for many, with companies focusing on data interoperability and real-time visibility rather than more experimental projects. Overall, 76% expect to outperform competitors and 66% anticipate improved profit margins.
- [Vulcan View: The latest EU developments 1 September - 5 September](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-1-september-5-september-2/) - EU-US tariff deal faces tough opposition in the European Parliament On 28 August, the European Commission officially tabled a new legislative proposal to eliminate tariffs on a range of industrial goods from the United States. The move, stemming from the EU-U.S. tariff deal and the Joint Statement of 21 August, seeks to de-escalate trade tensions between The latest EU developments 1 September - 5 September
- [Wilson Sonsini | EU Court Upholds the Validity of the EU-U.S. Data Privacy Framework](https://eaccny.com/news/member-news/wilson-sonsini-eu-court-upholds-the-validity-of-the-eu-u-s-data-privacy-framework/) - On September 3, 2025, the EU General Court (the General Court) (the second-highest court in the European Union (EU)) upheld the validity of EU-U.S. Data Privacy Framework (DPF) in Philippe Latombe v European Commission (T-553/23). This decision is good news for companies transferring personal data to the U.S. as it offers welcome certainty for U.S. On September 3, 2025, the EU General Court (the General Court) (the second-highest court in the European Union (EU)) upheld the validity of EU-U.S. Data Privacy Framework (DPF) in Philippe Latombe v European Commission (T-553/23).
- [IMF | How Stablecoins and Other Financial Innovations May Reshape the Global Economy](https://eaccny.com/news/chapternews/imf-how-stablecoins-and-other-financial-innovations-may-reshape-the-global-economy/) - By Gita Bhatt, Head of Policy Communications, IMF Policymakers will need to achieve a difficult balance between benefits and risks while safeguarding both individual consumers and financial stability Three years ago, Finance & Development devoted a full issue to anticipating “The Money Revolution,” driven by innovations in finance, such as crypto assets. That revolution is now unfolding. This issue Policymakers will need to achieve a difficult balance between benefits and risks while safeguarding both individual consumers and financial stability
- [ECB | The digital euro: ensuring resilience and inclusion in digital payments](https://eaccny.com/news/chapternews/ecb-the-digital-euro-ensuring-resilience-and-inclusion-in-digital-payments/) - Introductory statement by Piero Cipollone, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament Brussels, 4 September 2025 It’s my pleasure to be back for our regular update on the digital euro. This is the ECB’s fourteenth exchange of views on the digital euro Introductory statement by Piero Cipollone, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament
- [Cilcare appoints Camille Rochmann as Evidence, Value & Access Senior Manager](https://eaccny.com/news/member-news/cilcare-appoints-camille-rochmann-as-evidence-value-access-senior-manager/) - Montpellier, France, September 4th 2025 : Cilcare, a biotechnology company specializing in auditory sciences, is pleased to announce the appointment of Camille Rochmann, PharmD, as Evidence, Value & Access Senior Manager. In this role, Camille will lead Cilcare’s strategy for evidence generation and market access, ensuring that innovation in hearing health is supported by robust data Montpellier, France, September 4th 2025 : Cilcare, a biotechnology company specializing in auditory sciences, is pleased to announce the appointment of Camille Rochmann, PharmD, as Evidence, Value & Access Senior Manager. In this role, Camille will lead Cilcare’s strategy for evidence generation and market access, ensuring that innovation in hearing health is supported by robust data and aligned with regulatory and payer expectations from the earliest stages of development.
- [European Commission | EU proposes Mercosur and Mexico agreements for adoption](https://eaccny.com/news/chapternews/european-commission-eu-proposes-mercosur-and-mexico-agreements-for-adoption/) - The European Commission has put forward its proposals to the Council for the signature and conclusion of the EU-Mercosur Partnership Agreement (EMPA) and the EU-Mexico Modernised Global Agreement (MGA). These landmark deals form a critical part of the EU's strategy to diversify its trade relations and strengthen economic and political ties with like-minded partners around The European Commission has put forward its proposals to the Council for the signature and conclusion of the EU-Mercosur Partnership Agreement (EMPA) and the EU-Mexico Modernised Global Agreement (MGA). These landmark deals form a critical part of the EU's strategy to diversify its trade relations and strengthen economic and political ties with like-minded partners around the world.
- [European Commission | EU completes proposal for the 2028-2034 EU long-term budget](https://eaccny.com/news/chapternews/european-commission-eu-completes-proposal-for-the-2028-2034-eu-long-term-budget/) - Today, the Commission has adopted a second package of seven sectoral proposals completing the framework for the next long-term EU budget for 2028–2034. These legal acts complete the MFF 2028-2034 proposal, and cover the following areas: • The Single Market and Customs Programme; • The Justice Programme; • The Euratom Research and Training Programme; • Today, the Commission has adopted a second package of seven sectoral proposals completing the framework for the next long-term EU budget for 2028–2034.
- [ACG Resources | The Importance Of Staying Focused At The Office](https://eaccny.com/news/member-news/acg-resources-the-importance-of-staying-focused-at-the-office/) - By this point in human history the science is undeniable: multitasking is not your friend. Employees should do it to whatever degree they are required but beyond that they should not seek out multitasking because the facts show it kills productivity. The average desk job employee loses 2.1 hours a day to distractions and interruptions; By this point in human history the science is undeniable: multitasking is not your friend. Employees should do it to whatever degree they are required but beyond that they should not seek out multitasking because the facts show it kills productivity. The average desk job employee loses 2.1 hours a day to distractions and interruptions; that adds up to over a full day of work every week. Being distracted by incoming calls or emails can lower employees’ IQ by as much 10 points.
- [Jaguar Freight | Tariff Update: Judge Rules Against Tariffs, But Duties Remain In Place](https://eaccny.com/news/member-news/jaguar-freight-tariff-update-judge-rules-against-tariffs-but-duties-remain-in-place/) - IMPORTANT TARIFF UPDATE A federal appeals court has ruled that President Donald Trump exceeded his authority when imposing specific tariffs earlier this year. The decision struck down the so-called “Liberation Day” duties but left them in effect until at least mid-October while the case moves to the Supreme Court. At issue are tariffs announced on IMPORTANT TARIFF UPDATE A federal appeals court has ruled that President Donald Trump exceeded his authority when imposing specific tariffs earlier this year. The decision struck down the so-called “Liberation Day” duties but left them in effect until at least mid-October while the case moves to the Supreme Court.
- [Bannockburn Capital Markets | September 2025 Monthly](https://eaccny.com/news/member-news/bannockburn-capital-markets-september-2025-monthly/) - The Federal Reserve is poised to resume its rate cutting cycle in September. Markets briefly flirted with the idea of a 50-basis point move, but sticky core inflation, a larger-than-expected jump in producer prices, and firm retail sales have settled expectations at a quarter-point cut. The Fed continues to describe policy as restrictive, so this The Federal Reserve is poised to resume its rate cutting cycle in September. Markets briefly flirted with the idea of a 50-basis point move, but sticky core inflation, a larger-than-expected jump in producer prices, and firm retail sales have settled expectations at a quarter-point cut. The Fed continues to describe policy as restrictive, so this move will not be framed as easing but as removing a touch of that restrictiveness.
- [ECB | Building European autonomy: cooperation and the rule of law](https://eaccny.com/news/chapternews/ecb-building-european-autonomy-cooperation-and-the-rule-of-law/) - Dinner speech by Christine Lagarde, President of the ECB, at 2025 ECB Legal Conference “Building Europe’s Autonomy: Law, Institutions, Cooperation” in Frankfurt, Germany Frankfurt, 1 September 2025 It is a real pleasure to join you tonight at the 2025 ECB Legal Conference. This year’s theme raises one of the defining questions of our time: how can Dinner speech by Christine Lagarde, President of the ECB, at 2025 ECB Legal Conference “Building Europe’s Autonomy: Law, Institutions, Cooperation” in Frankfurt, Germany
- [The Fed | Federal Reserve Board announces final individual capital requirements for large banks, effective on October 1](https://eaccny.com/news/chapternews/the-fed-federal-reserve-board-announces-final-individual-capital-requirements-for-large-banks-effective-on-october-1/) - Following its stress test earlier this year, the Federal Reserve Board on Friday announced final individual capital requirements for large banks, effective on October 1. Large bank capital requirements are informed by the Board's stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs. In April, the Board proposed a rule to Following its stress test earlier this year, the Federal Reserve Board on Friday announced final individual capital requirements for large banks, effective on October 1. Large bank capital requirements are informed by the Board's stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs.
- [World Bank | Protecting Nature Boosts Growth and Jobs, Shows New Report](https://eaccny.com/news/chapternews/world-bank-protecting-nature-boosts-growth-and-jobs-shows-new-report/) - Safeguarding natural resources generates high returns in some sectors. WASHINGTON, September 1, 2025—Ninety percent of the world lives with either degraded land, unhealthy air, or water stress, according to a new World Bank report, however, restoring natural systems is possible and can yield high returns. In low-income countries alone, eight of out ten people live WASHINGTON, September 1, 2025—Ninety percent of the world lives with either degraded land, unhealthy air, or water stress, according to a new World Bank report, however, restoring natural systems is possible and can yield high returns.
- [ECB | Economic uncertainty weakens monetary policy transmission](https://eaccny.com/news/chapternews/ecb-economic-uncertainty-weakens-monetary-policy-transmission/) - By Andrea Falconio and Julian Schumacher Economic uncertainty has been elevated recently due to geopolitical conflicts and trade tensions. This blog post investigates whether, and how much, high economic uncertainty affects monetary policy transmission in the euro area. Changes in interest rates make it cheaper or more expensive for businesses to get a loan or Economic uncertainty has been elevated recently due to geopolitical conflicts and trade tensions. This blog post investigates whether, and how much, high economic uncertainty affects monetary policy transmission in the euro area.
- [GDLSK | U.S. Court of Appeals for the Federal Circuit Rules Majority of President Trump’s Tariffs Illegal](https://eaccny.com/news/member-news/gdlsk-u-s-court-of-appeals-for-the-federal-circuit-rules-majority-of-president-trumps-tariffs-illegal/) - In a split decision, 7 – 4, the Court of Appeals for the Federal Circuit (“CAFC”) affirmed the Court of International Trade’s (“CIT”) decision holding that President Trump’s IEEPA duties are contrary to law. This decision is limited to IEEPA Reciprocal Tariffs and IEEPA Fentanyl Tariffs (currently applicable on goods from China, Mexico and Canada) In a split decision, 7 – 4, the Court of Appeals for the Federal Circuit (“CAFC”) affirmed the Court of International Trade’s (“CIT”) decision holding that President Trump’s IEEPA duties are contrary to law.
- [Jaguar Freight | The Weekly Roar – The new 50% tariff on Indian exports, rerouted ships, the Suez Canal continues to suffer, suspended U.S.-bound mail, and the digital revolution in maritime.](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-the-new-50-tariff-on-indian-exports-rerouted-ships-the-suez-canal-continues-to-suffer-suspended-u-s-bound-mail-and-the-digital-revolution-in-maritime/) - As of the 27th, President Trump imposed a 50% tariff on Indian exports. This is double the previous rate and is in retaliation for their continued purchase of Russian oil, making it one of the highest tariffs in the trade war. It’s put significant strain on U.S.-India relations, which have historically been seen as crucial to As of the 27th, President Trump imposed a 50% tariff on Indian exports. This is double the previous rate and is in retaliation for their continued purchase of Russian oil, making it one of the highest tariffs in the trade war. It’s put significant strain on U.S.-India relations, which have historically been seen as crucial to balancing China’s influence, and threatens about half of India’s exports to its largest market. Prime Minister Modi has vowed to protect Indian farmers and small businesses and is urging exporters to diversify to other regions.
- [Thompson Hine | White House Releases Sweeping AI Action Plan](https://eaccny.com/news/member-news/thompson-hine-white-house-releases-sweeping-ai-action-plan/) - On July 23, the White House published “Winning the AI Race: America’s AI Action Plan,” a 28-page comprehensive federal strategy aimed at securing global leadership in artificial intelligence (AI). Developed in response to President Trump’s January 2025 executive order, “Removing Barriers to American Leadership in Artificial Intelligence,” the plan recommends policy actions across three pillars: accelerating AI On July 23, the White House published “Winning the AI Race: America’s AI Action Plan,” a 28-page comprehensive federal strategy aimed at securing global leadership in artificial intelligence (AI). Developed in response to President Trump’s January 2025 executive order, “Removing Barriers to American Leadership in Artificial Intelligence,” the plan recommends policy actions across three pillars: accelerating AI innovation, building robust AI infrastructure, and leading in international AI diplomacy and security. The agenda emphasizes deregulation, open-source AI, workforce development, infrastructure modernization, and international cooperation to ensure national security and economic competitiveness.
- [IPTI Newsletter: September 2025](https://eaccny.com/news/member-news/ipti-newsletter-september-2025/) - My lead item for this month’s newsletter comes from Australia. It is an article written by two leading academics - Peter Siminski, Professor of Economics at the University of Technology Sydney and Roger Wilkins, Professorial Fellow and Co-Director at the HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne. They My lead item for this month’s newsletter comes from Australia. It is an article written by two leading academics - Peter Siminski, Professor of Economics at the University of Technology Sydney and Roger Wilkins, Professorial Fellow and Co-Director at the HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne. They have “bravely” ventured to suggest that the Australian family home should be taxed. Their article is titled “The government has asked for bold proposals. Maybe it’s time to consider taxing the family home”.
- [European Commission | EU proposes tariff reductions to implement EU-US deal](https://eaccny.com/news/chapternews/european-commission-eu-proposes-tariff-reductions-to-implement-eu-us-deal/) - Today, the European Commission is putting forward two proposals paving the way for the implementation of the EU-US Joint Statement of 21 August 2025. These proposals are the first steps in said implementation and ensure tariff relief by the US for the vital EU automotive sector starting retroactively from 1st of August. These steps contribute to restoring stability Today, the European Commission is putting forward two proposals paving the way for the implementation of the EU-US Joint Statement of 21 August 2025. These proposals are the first steps in said implementation and ensure tariff relief by the US for the vital EU automotive sector starting retroactively from 1st of August.
- [European Commission | Investment in education across Europe is on the rise, boosting for EU competitiveness](https://eaccny.com/news/chapternews/european-commission-investment-in-education-across-europe-is-on-the-rise-boosting-for-eu-competitiveness/) - A new report from the European Commission highlights a positive shift in education funding across Europe, offering a boost to the EU's competitive edge. Titled ‘Investing in Education 2025,' the report details multiple economic and social benefits and shows that public investment in education is recovering after the setbacks of the Covid-19 pandemic - though it has A new report from the European Commission highlights a positive shift in education funding across Europe, offering a boost to the EU's competitive edge. Titled ‘Investing in Education 2025,' the report details multiple economic and social benefits and shows that public investment in education is recovering after the setbacks of the Covid-19 pandemic - though it has not yet reached the levels seen before the crisis. This uptick supports the goals of the Union of Skills strategy and suggests promising benefits for the region's economy and society.
- [ECB | Euro area benefits from easing services trade](https://eaccny.com/news/chapternews/ecb-euro-area-benefits-from-easing-services-trade/) - By Nina Furbach and Iván Ordoñez Martínez Services are playing a growing role in global trade. The ECB Blog shows that this trend has been driven by a decline in non-tariff trade barriers. The euro area has benefited more than other regions and is highly competitive in the services sector. Technological progress is driving a Services are playing a growing role in global trade. The ECB Blog shows that this trend has been driven by a decline in non-tariff trade barriers. The euro area has benefited more than other regions and is highly competitive in the services sector.
- [Transatlantic Trade Monitor: Facts You Need Now | USA Tariffs Update: Agreement Reached with EU – New Country-specific Tariffs Adopted](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-usa-tariffs-update-agreement-reached-with-eu-new-country-specific-tariffs-adopted/) - By Dr. Eckart Gottschalk, Dr. Kai Westerwelle, and Dr. Nicolas Wiegand, CMS At a meeting between US President Donald Trump and EU Commission President Ursula von der Leyen on 27 July 2025, the US and the EU agreed on the introduction of a uniform, top flat rate for US tariffs of 15 % on goods from the EU. At a meeting between US President Donald Trump and EU Commission President Ursula von der Leyen on 27 July 2025, the US and the EU agreed on the introduction of a uniform, top flat rate for US tariffs of 15 % on goods from the EU.
- [U.S. Department of Commerce | Joint Statement on a United States-European Union Framework on an Agreement on Reciprocal, Fair, and Balanced Trade](https://eaccny.com/news/chapternews/us-department-of-commerce-joint-statement-on-a-united-states-european-union-framework-on-an-agreement-on-reciprocal-fair-and-balanced-trade/) - The United States and the European Union are pleased to announce that they have agreed on a Framework on an Agreement on Reciprocal, Fair, and Balanced Trade (“Framework Agreement”). This Framework Agreement represents a concrete demonstration of our commitment to fair, balanced, and mutually beneficial trade and investment. This Framework Agreement will put our trade The United States and the European Union are pleased to announce that they have agreed on a Framework on an Agreement on Reciprocal, Fair, and Balanced Trade (“Framework Agreement”). This Framework Agreement represents a concrete demonstration of our commitment to fair, balanced, and mutually beneficial trade and investment. This Framework Agreement will put our trade and investment relationship – one of the largest in the world – on a solid footing and will reinvigorate our economies’ reindustrialization. It reflects acknowledgement by the European Union of the concerns of the United States and our joint determination to resolve our trade imbalances and unleash the full potential of our combined economic power. The United States and the European Union intend this Framework Agreement to be a first step in a process that can be further expanded over time to cover additional areas and continue to improve market access and increase their trade and investment relationship.
- [The Medical Link | Travel Medical Vs. Traditional Health Insurance For Moving To The USA](https://eaccny.com/news/member-news/the-medical-link-travel-medical-vs-traditional-health-insurance-for-moving-to-the-usa/) - One of your first major considerations while moving to the US for work will be health insurance. Navigating the mostly privatized U.S. healthcare system without insurance might result in extremely costly medical expenses. Traditional Individual Health Insurance and Travel Medical Insurance are two popular choices for newcomers, however they have rather different functions. Making an One of your first major considerations while moving to the US for work will be health insurance. Navigating the mostly privatized U.S. healthcare system without insurance might result in extremely costly medical expenses. Traditional Individual Health Insurance and Travel Medical Insurance are two popular choices for newcomers, however they have rather different functions. Making an informed choice for your wellbeing requires an understanding of the basic distinctions between these two.
- [Citi | Tariffs Remain Front and Center](https://eaccny.com/news/member-news/citi-tariffs-remain-front-and-center/) - Key Takeaways • Citi Research expects global growth to slow to below 2% in the second half of the year before rebounding to nearly 3% in the first half of 2026. Upside and downside risks to this forecast are roughly balanced. • President Trump continues to aggressively implement tariffs. We judge that the effective tariff Key Takeaways Citi Research expects global growth to slow to below 2% in the second half of the year before rebounding to nearly 3% in the first half of 2026. Upside and downside risks to this forecast are roughly balanced. President Trump continues to aggressively implement tariffs. We judge that the effective tariff rate is likely to remain above 15%, the highest level in decades. The cost of tariffs is being borne by three groups: foreign exporters, importing U.S. firms and U.S. consumers. So far U.S. firms have borne the lion’s share, apparently absorbing 60% to 70% of the cost.
- [ECB | Beyond hysteresis: resilience in Europe’s labour market](https://eaccny.com/news/chapternews/ecb-beyond-hysteresis-resilience-in-europes-labour-market/) - Opening panel remarks by Christine Lagarde, President of the ECB, at the annual Economic Policy Symposium “The policy implications of labour market transition” organised by the Federal Reserve Bank of Kansas City in Jackson Hole Jackson Hole, 23 August 2025 Alexis de Tocqueville – one of the keenest observers of early American democracy – once Opening panel remarks by Christine Lagarde, President of the ECB, at the annual Economic Policy Symposium “The policy implications of labour market transition” organised by the Federal Reserve Bank of Kansas City in Jackson Hole
- [Jaguar Freight | The Weekly Roar – An U.S.-EU deal framework, the expansion of steel and aluminum tariffs, record-breaking container volumes on the West Coast, rising air cargo demand, and dropping diesel prices.](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-an-u-s-eu-deal-framework-the-expansion-of-steel-and-aluminum-tariffs-record-breaking-container-volumes-on-the-west-coast-rising-air-cargo-demand-and-dro/) - The long-awaited joint statement on the U.S.-EU trade deal was finally published. “The United States and the European Union intend this Framework Agreement to be a first step in a process that can be further expanded over time to cover additional areas and continue to improve market access and increase their trade and investment relationship,” the U.S. and The long-awaited joint statement on the U.S.-EU trade deal was finally published. “The United States and the European Union intend this Framework Agreement to be a first step in a process that can be further expanded over time to cover additional areas and continue to improve market access and increase their trade and investment relationship,” the U.S. and EU said in the joint statement.
- [European Commission | EU seeks input on revision of rescue and restructuring State aid guidelines](https://eaccny.com/news/chapternews/european-commission-eu-seeks-input-on-revision-of-rescue-and-restructuring-state-aid-guidelines/) - The European Commission has today launched a Call for Evidence and a public consultation to seek input on the scope and content of its revision of the Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty (‘Rescue and Restructuring Guidelines'). This input will be used to update the Guidelines to ensure that they remain fit to The European Commission has today launched a Call for Evidence and a public consultation to seek input on the scope and content of its revision of the Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty (‘Rescue and Restructuring Guidelines'). This input will be used to update the Guidelines to ensure that they remain fit to meet their objectives.
- [The Fed | Speech by Chair Powell on the economic outlook and framework review](https://eaccny.com/news/chapternews/the-fed-speech-by-chair-powell-on-the-economic-outlook-and-framework-review/) - At “Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy,” an economic symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming Over the course of this year, the U.S. economy has shown resilience in a context of sweeping changes in economic policy. In terms of the Fed's dual-mandate goals, the labor Over the course of this year, the U.S. economy has shown resilience in a context of sweeping changes in economic policy. In terms of the Fed's dual-mandate goals, the labor market remains near maximum employment, and inflation, though still somewhat elevated, has come down a great deal from its post-pandemic highs. At the same time, the balance of risks appears to be shifting. In my remarks today, I will first address the current economic situation and the near-term outlook for monetary policy. I will then turn to the results of our second public review of our monetary policy framework, as captured in the revised Statement on Longer-Run Goals and Monetary Policy Strategy that we released today.
- [European Commission | Questions and answers on the EU-US Joint Statement on Transatlantic Trade and Investment](https://eaccny.com/news/chapternews/european-commission-questions-and-answers-on-the-eu-us-joint-statement-on-transatlantic-trade-and-investment/) - General What are the main aspects of the Joint Statement? The Joint Statement defines the new parameters for the EU-US trade relationship and brings back an important measure of stability and predictability in transatlantic trade for the benefit of businesses, workers and consumers on both sides. The key commitments on both sides include: • Application The Joint Statement defines the new parameters for the EU-US trade relationship and brings back an important measure of stability and predictability in transatlantic trade for the benefit of businesses, workers and consumers on both sides.
- [European Commission | EU and US publish Joint Statement on transatlantic trade & investment](https://eaccny.com/news/chapternews/european-commission-eu-and-us-publish-joint-statement-on-transatlantic-trade-investment/) - The EU and US have issued a Joint Statement establishing a framework for fair, balanced and mutually beneficial transatlantic trade and investment. This Joint Statement confirms and builds on the political agreement reached by President von der Leyen and President Trump on 27 July. The Joint Statement sets out the commitment on both sides to EU and US publish Joint Statement on transatlantic trade & investment: The EU and US have issued a Joint Statement establishing a framework for fair, balanced and mutually beneficial transatlantic trade and investment. This Joint Statement confirms and builds on the political agreement reached by President von der Leyen and President Trump on 27 July.
- [Troutman Pepper Locke | CFIUS Releases 2024 Annual Report on National Security and Foreign Investment](https://eaccny.com/news/member-news/troutman-pepper-locke-cfius-releases-2024-annual-report-on-national-security-and-foreign-investment/) - By Daniel N. Anziska, Megan Conway Rahman, Charlene C. Goldfield, Troutman Pepper Locke On August 6, the Committee on Foreign Investment in the U.S. (CFIUS) released the unclassified version of its Annual Report to Congress for Calendar Year (CY) 2024 (Report), depicting trends in the number of filings through CY 2024, distribution of foreign acquirer home countries, On August 6, the Committee on Foreign Investment in the U.S. (CFIUS) released the unclassified version of its Annual Report to Congress for Calendar Year (CY) 2024 (Report), depicting trends in the number of filings through CY 2024, distribution of foreign acquirer home countries, and updates on compliance and enforcement activity.
- [ECB | Panel remarks at the International Business Council of the World Economic Forum](https://eaccny.com/news/chapternews/ecb-panel-remarks-at-the-international-business-council-of-the-world-economic-forum/) - Panel remarks by Christine Lagarde, President of the ECB, at the International Business Council of the World Economic Forum The global economy is at a challenging juncture. But despite recent trade tensions and substantial uncertainty, global growth has remained broadly steady so far. This resilience has been mainly driven by tariff-induced distortions of economic activity. Panel remarks by Christine Lagarde, President of the ECB, at the International Business Council of the World Economic Forum
- [The Medical Link | Unlocking Success: The Benefits of a PEO for a Company Entering The US](https://eaccny.com/news/member-news/the-medical-link-unlocking-success-the-benefits-of-a-peo-for-a-company-entering-the-us/) - By Bryan Erdheim, Principal, The Medical Link Expanding business operations into the US market is a strategic move that presents both exciting opportunities and daunting challenges. Each state in the US has their own rules and regulations adding to the complexity of beginning US operations. Managing payroll, benefits, HR, and compliance becomes an immediate difficulty Expanding business operations into the US market is a strategic move that presents both exciting opportunities and daunting challenges. Each state in the US has their own rules and regulations adding to the complexity of beginning US operations. Managing payroll, benefits, HR, and compliance becomes an immediate difficulty for an organisation not versed in such regulations. Fortunately, there exists a solution called PEO which is tailored to alleviate these burdens so companies can focus on propelling business growth.
- [Troutman Pepper Locke | Your Brand, Their Bait: Fighting Impersonation in the Age of Digital Deception](https://eaccny.com/news/member-news/troutman-pepper-locke-your-brand-their-bait-fighting-impersonation-in-the-age-of-digital-deception/) - By H. Straat Tenney and Emma Bennett, Troutman Pepper Locke Businesses invest an immense amount of time, effort, and financial resources into building their brand identity and overall cultivating a strong foundation of consumer trust. This trust is not only a cornerstone of a brand’s reputation but is also a critical component of its long-term Businesses invest an immense amount of time, effort, and financial resources into building their brand identity and overall cultivating a strong foundation of consumer trust. This trust is not only a cornerstone of a brand’s reputation but is also a critical component of its long-term success in the marketplace. However, with the rise of phishing attacks, a brand’s trust can be quickly weaponized against unsuspecting customers when bad actors create fraudulent websites or send phishing emails impersonating an authentic business. These deceptive tactics often involve using the company’s trademark, trade dress, and copyrighted images to appear legitimate, tricking unsuspecting customers into divulging their personal and sensitive information.
- [Transatlantic Trade Monitor: Facts You Need Now | The U.S.–EU Trade Agreement Is at a Crossroads](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-the-u-s-eu-trade-agreement-is-at-a-crossroads/) - By Simon Kaye, CEO, Jaguar Freight In late July, the U.S. and EU reached a provisional trade agreement to avert what could have become a full-blown trade war. A central provision of the agreement was that the U.S. would impose a 15% tariff on most EU exports, which was significantly lower than the previously threatened 30%, In late July, the U.S. and EU reached a provisional trade agreement to avert what could have become a full-blown trade war. A central provision of the agreement was that the U.S. would impose a 15% tariff on most EU exports, which was significantly lower than the previously threatened 30%, but triple the average 4.8 percent that European goods faced before Trump took office in January. In return, the EU pledged significant financial and energy commitments, including $600 billion in new investments in the U.S. and $750 billion in U.S. energy purchases through 2028.
- [CaliTeam | How to leverage customer discovery to explore a new market](https://eaccny.com/news/member-news/caliteam-how-to-leverage-customer-discovery-to-explore-a-new-market/) - By Isabelle Bart, Caliteam Many companies, whether they are startups or already well established, think that market research can be done “offline” and remotely. Customer discovery has been proven by many renowned experts such as Steve Blank as a great methodology to build a strong foundation to launch a product/innovation/technology. Customer discovery consists of understanding Many companies, whether they are startups or already well established, think that market research can be done “offline” and remotely. Customer discovery has been proven by many renowned experts such as Steve Blank as a great methodology to build a strong foundation to launch a product/innovation/technology.
- [Littler | Recent Law Includes New and Updated Immigration Fees and Shortened Validity of Certain Employment Authorization Documents](https://eaccny.com/news/member-news/littler-recent-law-includes-new-and-updated-immigration-fees-and-shortened-validity-of-certain-employment-authorization-documents/) - By Shin-I Lowe, Shareholder, Littler With the enactment of H.R. 1, also known as One Big Beautiful Bill Act, there are some noteworthy changes to USCIS fees applicable to some immigration benefits that have traditionally been free or of lower cost. Applicants must submit the new fees with benefit requests postmarked on or after July 22, 2025. USCIS will With the enactment of H.R. 1, also known as One Big Beautiful Bill Act, there are some noteworthy changes to USCIS fees applicable to some immigration benefits that have traditionally been free or of lower cost. Applicants must submit the new fees with benefit requests postmarked on or after July 22, 2025. USCIS will reject any form postmarked on or after Aug. 21, 2025, without the proper fees.
- [ACG Resources | 4 Perks Businesses Offer But Employees Do Not Want](https://eaccny.com/news/member-news/acg-resources-4-perks-businesses-offer-but-employees-do-not-want/) - In the current business climate holding on to employees is harder than ever; and holding on to great employees is even harder than that. The mainstay of attracting and keeping employees is (increased) salary of course, but over time companies have found many other benefits and perks. For the purposes of this article, benefits are In the current business climate holding on to employees is harder than ever; and holding on to great employees is even harder than that. The mainstay of attracting and keeping employees is (increased) salary of course, but over time companies have found many other benefits and perks. For the purposes of this article, benefits are things like various insurances, retirement plans, and vacation time, whereas perks are other less visible things like discounts to local retailers, on-site gyms, or vending machines. At least, those are perks that are generally regarded as desired by employees nationwide. Other perks are not nearly as wanted by employees though, but employees may not necessarily communicate as much out of fear of retaliation. Companies may want to re-consider some of these perks to save money if employees do not really want them anyway.
- [IPTI | Property Tax in the News – August 2025](https://eaccny.com/news/member-news/ipti-property-tax-in-the-news-august-2025/) - IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in “IPTI Xtracts” on our website: www.ipti.org. Please note that these are news articles; they do not necessarily reflect IPTI’s views.
- [Stephenson Harwood | Neural Network - August 2025](https://eaccny.com/news/member-news/stephenson-harwood-neural-network-august-2025/) - In this edition of the Neural Network, we look at key AI developments from July and August. In regulatory and government updates, the GPAI Code of Practice is published; a mandatory template is released for GenAI model providers; the government launches an Inquiry into human rights and the regulation of AI; the government publishes an In this edition of the Neural Network, we look at key AI developments from July and August. In regulatory and government updates, the GPAI Code of Practice is published; a mandatory template is released for GenAI model providers; the government launches an Inquiry into human rights and the regulation of AI; the government publishes an AI Action Plan for Justice; Trump's AI Action Plan is released; and the Law Commission releases an AI discussion paper.
- [Jaguar Freight | The Weekly Roar – The U.S. extends China tariff pause, imports surged in July, air cargo facing turbulence, supply chain visibility in healthcare, and improved container shipping emissions.](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-the-u-s-extends-china-tariff-pause-imports-surged-in-july-air-cargo-facing-turbulence-supply-chain-visibility-in-healthcare-and-improved-container-shipp/) - Last week, President Trump signed an executive order that extends the suspension of high U.S. tariffs on Chinese goods for another 90 days. Without the extension, tariffs would have returned to the peak levels of 145% on Chinese imports and 125% on U.S. goods that were seen in April. Since May, both sides have maintained reduced rates Last week, President Trump signed an executive order that extends the suspension of high U.S. tariffs on Chinese goods for another 90 days. Without the extension, tariffs would have returned to the peak levels of 145% on Chinese imports and 125% on U.S. goods that were seen in April. Since May, both sides have maintained reduced rates of 30% for the U.S. and 10% for China. Of course, what this means is uncertainty continues to prevail for now.
- [Eversheds Sutherland | Midyear roundup of privacy and cybersecurity regulation, enforcement, and litigation](https://eaccny.com/news/member-news/eversheds-sutherland-midyear-roundup-of-privacy-and-cybersecurity-regulation-enforcement-and-litigation/) - Particularly with a new US administration in place, the first half of 2025 is witnessing a substantial reconfiguring of regulatory and enforcement priorities that promise to have profound impacts on companies as the year progresses. First, while the federal government de-prioritizes privacy regulation, US states are filling the gap, as evidenced by eight state regulators’ Bipartisan Particularly with a new US administration in place, the first half of 2025 is witnessing a substantial reconfiguring of regulatory and enforcement priorities that promise to have profound impacts on companies as the year progresses.
- [NY Fed | The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Second Quarter](https://eaccny.com/news/chapternews/ny-fed-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the-second-quarter/) - NEW YORK—The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets during the April – June 2025 quarter, the Federal Reserve Bank of New York said today in its quarterly report to the U.S. Congress. The U.S. dollar, as measured by the Federal Reserve Board’s broad trade-weighted dollar index, depreciated 5.6 percent NEW YORK—The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets during the April – June 2025 quarter, the Federal Reserve Bank of New York said today in its quarterly report to the U.S. Congress.
- [European Commission | EU-US trade deal explained](https://eaccny.com/news/chapternews/european-commission-eu-us-trade-deal-explained/) - On 27 July 2025, European Commission President Ursula von der Leyen and US President Donald J. Trump agreed a deal on tariffs and trade. The transatlantic partnership is a key artery of global trade and is the most significant bilateral trade and investment relationship in the world. EU-US trade in goods and services has doubled over the last decade, surpassing €1.6 trillion in 2024, On 27 July 2025, European Commission President Ursula von der Leyen and US President Donald J. Trump agreed a deal on tariffs and trade. The transatlantic partnership is a key artery of global trade and is the most significant bilateral trade and investment relationship in the world. EU-US trade in goods and services has doubled over the last decade, surpassing €1.6 trillion in 2024, with €867 billion of trade in goods and €817 billion of trade in services. That is over €4.2 billion of goods and services crossing the Atlantic every day. This deep and comprehensive partnership is underpinned by mutual investment. In 2022, EU and US firms invested €5.3 trillion worth in each other's markets.
- [ACG Resources | Should you extend a Counter Offer to an Employee who resigns?](https://eaccny.com/news/member-news/acg-should-you-extend-a-counter-offer-to-an-employee-who-resigns/) - Most employers are increasingly concerned about the retention of key and non-key employees. When an employee leaves, it can be expensive to replace them, not to mention the loss of productivity and knowledge. A recent study has shown that many currently employed workers are unhappy in their current position. Some of the primary reasons for Most employers are increasingly concerned about the retention of key and non-key employees. When an employee leaves, it can be expensive to replace them, not to mention the loss of productivity and knowledge.
- [The Medical Link | Expanding Your Business To The U.S.? Here’s How To Handle Payroll, Benefits, And HR Compliance](https://eaccny.com/news/member-news/the-medical-link-expanding-your-business-to-the-u-s-heres-how-to-handle-payroll-benefits-and-hr-compliance/) - Expanding your business into the United States is an exciting opportunity for growth. That being said, it also comes with complex challenges such as managing payroll, benefits, and HR compliance. The U.S. has a highly regulated employment landscape, and failing to meet legal requirements can lead to costly penalties and operational setbacks. To navigate these Expanding your business into the United States is an exciting opportunity for growth. That being said, it also comes with complex challenges such as managing payroll, benefits, and HR compliance. The U.S. has a highly regulated employment landscape, and failing to meet legal requirements can lead to costly penalties and operational setbacks.
- [The Medical Link | Avoiding Costly Mistakes: Top U.S. HR And Benefits Compliance Pitfalls For Foreign Companies](https://eaccny.com/news/member-news/the-medical-link-avoiding-costly-mistakes-top-u-s-hr-and-benefits-compliance-pitfalls-for-foreign-companies/) - Expanding into the United States offers exciting growth opportunities—but it also introduces a complex web of employment laws, tax obligations, and employee benefit expectations that can trip up even the most experienced international companies. If you’re looking to enter the U.S. market, understanding the most common HR and benefits compliance pitfalls is crucial. It can Expanding into the United States offers exciting growth opportunities—but it also introduces a complex web of employment laws, tax obligations, and employee benefit expectations that can trip up even the most experienced international companies.
- [Transatlantic Trade Monitor: Facts You Need Now | Impact of U.S. Import Tariffs on the Port of Antwerp Bruges](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-impact-of-u-s-import-tariffs/) - Strong trade relationship with the United States The United States has been one of Port of Antwerp-Bruges’ most important trading partners for over two decades. In 2024, the US accounted for approximately 10% of the port’s total maritime cargo traffic, with a trade volume of 28 million tonnes. Both import and export took place on The United States has been one of Port of Antwerp-Bruges’ most important trading partners for over two decades. In 2024, the US accounted for approximately 10% of the port’s total maritime cargo traffic, with a trade volume of 28 million tonnes. Both import and export took place on a large scale, with slightly more imports than exports.
- [VRC | European Private Market Update: Q2 2025](https://eaccny.com/news/member-news/vrc-european-private-market-update-q2-2025/) - By John Czapla and Adrian Lowery, Valuation Research Corporation The article in brief: • The European private market has show resilience in the face of global economic uncertainty, with primary and secondary loan issuance rebounding after a slowdown in April 2025 due to the the U.S. tariff announcements. • The European market is becoming an The article in brief: The European private market has show resilience in the face of global economic uncertainty, with primary and secondary loan issuance rebounding after a slowdown in April 2025 due to the the U.S. tariff announcements. The European market is becoming an increasingly competitive alternative to the U.S. market, with stronger fundraising and a more favorable regulatory environment, driven by lower leverage levels, lower inflation, and active government stimulus. Despite the uncertainty, Private Equity and Direct Lenders remain focused on improving underlying businesses and addressing capital structure issues, with most portfolio companies holding up well and capital structure amendment solutions being implemented to manage higher debt costs.
- [Transatlantic Trade Monitor: Facts You Need Now | Statement by President von der Leyen on the Deal on Tariffs and Trade with the United States](https://eaccny.com/news/chapternews/statement-by-president-von-der-leyen-on-the-deal-on-tariffs-and-trade-with-the-united-states/)
- [Transatlantic Trade Monitor: Facts You Need Now | President Trump advances trade agenda with updated tariffs, announces additional trade agreements](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-president-trump-advances-trade-agenda-with-updated-tariffs-announces-additional-trade-agreements/) - What happened? Since the Trump administration’s July 7 announcement delaying implementation of reciprocal tariffs from July 9 to August 1, the United States has reached preliminary framework trade agreements with the European Union (EU), Japan, Indonesia, and the Philippines (see PwC's Tax Insights dated July 11, July 18, and July 30). Preliminary trade agreements with Since the Trump administration’s July 7 announcement delaying implementation of reciprocal tariffs from July 9 to August 1, the United States has reached preliminary framework trade agreements with the European Union (EU), Japan, Indonesia, and the Philippines (see PwC's Tax Insights dated July 11, July 18, and July 30). Preliminary trade agreements with China and Vietnam also have been reached and a trade agreement with the United Kingdom has been finalized. Following the release of our July 30 Tax Insight, President Trump has taken additional steps, releasing executive orders, fact sheets, and presidential proclamations related to copper, new tariff rates for Brazil, suspension of the de minimis exemption, new reciprocal tariff rates, updates on Canada and Mexico trade talks, and additional tariffs for India. President Trump on July 30 also announced that a preliminary trade deal had been reached between the United States and South Korea. In addition, President Trump has commented on agreements between the United States and Pakistan, Cambodia, and Thailand. PwC will address these potential agreements in a future Tax Insight once more details are available.
- [Transatlantic Trade Monitor: Facts You Need Now | Global Equity Strategy: Read-Through From Latest Tariff Announcements](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-global-equity-strategy-read-through-from-latest-tariff-announcements/) - Key Takeaways • The White House has announced a broader set of country-specific tariffs, with some higher than expected, such as the 39% tariff on imports from Switzerland. • We see announced tariffs as possibly resulting in a 4-percentage-point (pp) drag on 2025 MSCI AC World earnings growth. • Combined with signs of economic slowdown, Key Takeaways • The White House has announced a broader set of country-specific tariffs, with some higher than expected, such as the 39% tariff on imports from Switzerland. • We see announced tariffs as possibly resulting in a 4-percentage-point (pp) drag on 2025 MSCI AC World earnings growth. • Combined with signs of economic slowdown, the tariffs could raise questions about how sustainable continued near-term upside is for equity markets.
- [ECB | Who are the “bond vigilantes” on sovereign debt markets?](https://eaccny.com/news/chapternews/ecb-who-are-the-bond-vigilantes-on-sovereign-debt-markets/) - By Pablo Anaya Longaric, Katharina Cera, Georgios Georgiadis and Christoph Kaufmann Investors who sell off sovereign bonds in times of stress are commonly referred to as “vigilantes” as they punish governments for what they consider to be bad policy choices. This post finds that investment funds account for most net sales of sovereign bonds in Investors who sell off sovereign bonds in times of stress are commonly referred to as “vigilantes” as they punish governments for what they consider to be bad policy choices. This post finds that investment funds account for most net sales of sovereign bonds in such times.
- [ACG Resources | Grow in These 7 Areas to Become a Quality Leader](https://eaccny.com/news/member-news/acg-resources-grow-in-these-7-areas-to-become-a-quality-leader/) - Are you in a leadership position in your company right now? Or do you aspire to be in that position someday? No matter where you are, these qualities can be worked on right now. If you want to be a good leader, they’re essential to your success. Communication How are your communication skills? Could your Are you in a leadership position in your company right now? Or do you aspire to be in that position someday? No matter where you are, these qualities can be worked on right now. If you want to be a good leader, they’re essential to your success.
- [IMF | Politicians Strive for Competitiveness](https://eaccny.com/news/chapternews/imf-politicians-strive-for-competitiveness/) - But in most situations, productivity is the better path to prosperity Competitiveness, Michael Porter remarked in The Competitive Advantage of Nations, his 1990 best-selling book, means different things to different people. As a member of US President Ronald Reagan’s competitiveness commission in the 1980s, the American economist met business leaders who believed it was about a Competitiveness, Michael Porter remarked in The Competitive Advantage of Nations, his 1990 best-selling book, means different things to different people. As a member of US President Ronald Reagan’s competitiveness commission in the 1980s, the American economist met business leaders who believed it was about a global strategy to compete in world markets and members of Congress who thought it meant having a positive balance of trade. Today this commonly used term continues to defy definition and to divide opinion.
- [Littler | Recent U.S. Tax Court Opinion Illustrates How Language in Settlement Agreements Can Determine Tax Treatment of Payments](https://eaccny.com/news/member-news/littler-recent-u-s-tax-court-opinion-illustrates-how-language-in-settlement-agreements-can-determine-tax-treatment-of-payments/) - By William Hays Weissman and Andrew Ignacio, Littler In Mennemeyer v. Commissioner,1 the United States Tax Court reminds us that a settlement agreement that is not carefully drafted can have significant tax consequences. Background The employee was employed as a financial specialist. She was fired for dishonesty, which made it difficult for her to find subsequent work. In Mennemeyer v. Commissioner,1 the United States Tax Court reminds us that a settlement agreement that is not carefully drafted can have significant tax consequences.
- [Jaguar Freight | The Weekly Roar – Preparing for new port fees, the July 2025 LMI, postponed EU tariff countermeasures, changes for air cargo and freight forwarding, and Gartner’s latest analysis of Gen AI adoption.](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-preparing-for-new-port-fees-the-july-2025-lmi-postponed-eu-tariff-countermeasures-changes-for-air-cargo-and-freight-forwarding-and-gartners-late/) - In tariffs news… the main story is that many of the long-promised country-specific tariffs went into effect on August 7. Hopefully, supply chains can move forward with more certainty and the true market impacts can begin to be understood. In an important country-specific update, President Trump issued an executive order (click to read) announcing an In tariffs news… the main story is that many of the long-promised country-specific tariffs went into effect on August 7. Hopefully, supply chains can move forward with more certainty and the true market impacts can begin to be understood. In an important country-specific update, President Trump issued an executive order (click to read) announcing an additional 25% tariff on India as punishment for importing Russian oil.
- [ING backs new defence bank for Europe](https://eaccny.com/news/member-news/ing-backs-new-defence-bank-for-europe/) - ING is one of five international banks backing a new defence bank that’s being set up to help NATO countries and their allies to finance their defence needs. ING will provide both financial and technical support to the Defence, Security and Resilience Bank (DSRB). The other financial institutions involved are Commerzbank, JP Morgan, LBBW and ING is one of five international banks backing a new defence bank that’s being set up to help NATO countries and their allies to finance their defence needs.
- [Transatlantic Trade Monitor: Facts You Need Now | Tariff Surge: Trade Deals Announced, US Increases Canadian Tariffs and Amends Reciprocal Tariffs](https://eaccny.com/news/member-news/troutman-pepper-locke-tariff-surge-trade-deals-announced-us-increases-canadian-tariffs-and-amends-reciprocal-tariffs/) - By Daniel Anziska and Ryan Last On July 31, 2025, President Trump issued two executive orders that further refine U.S. trade policy. The first executive order, “Further Modifying the Reciprocal Tariff Rates” (the RT Order), adjusts tariff rates for various countries based on trade negotiations and economic alignments, while the second executive order, “Amendment to On July 31, 2025, President Trump issued two executive orders that further refine U.S. trade policy. The first executive order, “Further Modifying the Reciprocal Tariff Rates” (the RT Order), adjusts tariff rates for various countries based on trade negotiations and economic alignments, while the second executive order, “Amendment to Duties to Address the Flow of Illicit Drugs Across Our Northern Border” (the Canadian Order), increases duties on Canadian goods imported into the U.S. that do not qualify for preferential treatment under the United States-Canada-Mexico Free Trade Agreement (USMCA).
- [Transatlantic Trade Monitor: Facts You Need Now | The Big, BeaEUtiful Trade Deal](https://eaccny.com/news/member-news/oco-global-the-big-beaeutiful-trade-deal/) - By Ian Hunter, Director, OCO Global US–EU tariff pact rewrites the map for energy, autos and chips. On July 27, 2025, President Donald Trump and European Commission President Ursula von der Leyen stepped out from closed-door talks in Scotland with a tentative handshake and a headline-grabbing accord. Trump declared it “a great deal for American On July 27, 2025, President Donald Trump and European Commission President Ursula von der Leyen stepped out from closed-door talks in Scotland with a tentative handshake and a headline-grabbing accord. Trump declared it “a great deal for American energy, American jobs, and American strength.” Von der Leyen called it “a compromise to protect European competitiveness.”
- [Bannockburn Capital Markets | US Tariffs Roil Gold Futures, while Greenback Steadies](https://eaccny.com/news/member-news/bannockburn-capital-markets-us-tariffs-roil-gold-futures-while-greenback-steadies/) - Overview: Most the dollar's late sell-off yesterday after the White House endorsed Stephen Miran to fill the remainder of Governor Kugler's term at the Federal Reserve has been recouped today. In mostly narrow ranges, the greenback is firmer against the G10 currencies but the Canadian dollar and sterling. The dollar is also trading with a stronger Overview: Most the dollar's late sell-off yesterday after the White House endorsed Stephen Miran to fill the remainder of Governor Kugler's term at the Federal Reserve has been recouped today. In mostly narrow ranges, the greenback is firmer against the G10 currencies but the Canadian dollar and sterling. The dollar is also trading with a stronger bias against emerging market currencies. China reports its CPI and PPI figures tomorrow, and next week's US July CPI is expected to have risen for the third consecutive month. In an otherwise quiet session, the gold futures market was roiled by news that US Customs will be imposing a tariff on one -kilogram and 100-ounce gold bars, which previously were exempted. There is still much confusion, and some continue to suspect a mistake was made. In the spot market, gold is firm and probing the $3400 area. A higher close today would be the sixth in the past seven sessions.
- [NY Fed | Inflation Expectations Tick Up; Consumers More Optimistic about Taxes and Their Financial Situations](https://eaccny.com/news/chapternews/ny-fed-inflation-expectations-tick-up-consumers-more-optimistic-about-taxes-and-their-financial-situations/) - NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the July 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short and longer-term horizons and were unchanged at the medium-term horizon. Consumers expect smaller growth in their tax payments and are more optimistic about their household NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the July 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short and longer-term horizons and were unchanged at the medium-term horizon. Consumers expect smaller growth in their tax payments and are more optimistic about their household financial situations. Expectations about the labor market were mixed with consumers reporting greater likelihoods of losing and finding jobs, and a lower likelihood of a rise in overall unemployment. The survey was fielded from July 1 through July 31, 2025.
- [ECB | Higher defence spending and its impact on household expectations](https://eaccny.com/news/chapternews/ecb-higher-defence-spending-and-its-impact-on-household-expectations/) - Prepared by Adam Baumann, Cristina Checherita-Westphal, Georgi Kocharkov, Steffen Osterloh Published as part of the ECB Economic Bulletin, Issue 5/2025. Fiscal policies in the euro area are increasingly shaped by a focus on defence spending in response to heightened geopolitical tensions. The February 2025 Munich Security Conference, the launch of the European Commission’s Preparedness Union Strategy in Fiscal policies in the euro area are increasingly shaped by a focus on defence spending in response to heightened geopolitical tensions. The February 2025 Munich Security Conference, the launch of the European Commission’s Preparedness Union Strategy in March and the conclusions of the June 2025 NATO Summit all underscored EU governments’ commitment to increasing defence spending.[1] This box uses data from the ECB Consumer Expectations Survey (CES) rounds conducted in February and May 2025 to assess euro area household expectations regarding defence spending, in terms of both its economic impact in their respective countries and its implications for their personal financial well-being.
- [New York State Governor | By the Numbers: On the White House’s Tariff Deadline, Governor Hochul Underscores the Detrimental Impact of Trump’s Trade War on New Yorkers’ Wallets](https://eaccny.com/news/chapternews/new-york-state-governor-by-the-numbers-on-the-white-houses-tariff-deadline-governor-hochul-underscores-the-detrimental-impact-of-trumps-trade-war-on-new-yorkers-wallets/) - Governor Hochul today released new data on the expected impact of President Trump’s trade war on New Yorkers’ wallets. On the August 7 tariff deadline, Trump is overseeing historic price hikes on everyday essentials, forcing families to spend an estimated $4,200 in additional federal taxes — all against the backdrop of a national affordability crisis. Governor Hochul today released new data on the expected impact of President Trump’s trade war on New Yorkers’ wallets. On the August 7 tariff deadline, Trump is overseeing historic price hikes on everyday essentials, forcing families to spend an estimated $4,200 in additional federal taxes — all against the backdrop of a national affordability crisis.
- [ECB | Consumer confidence and household consumption decisions](https://eaccny.com/news/chapternews/ecb-consumer-confidence-and-household-consumption-decisions/) - Prepared by Adam Baumann, Luca Caprari, Maarten Dossche, Georgi Kocharkov and Omiros Kouvavas Consumer confidence plays an important role in determining economic activity. Thanks to timely availability and close co-movement with economic activity, analysts and policymakers closely monitor consumer confidence indicators to help them assess the strength of the economy (Barsky and Sims, 2012; Dees and Consumer confidence plays an important role in determining economic activity. Thanks to timely availability and close co-movement with economic activity, analysts and policymakers closely monitor consumer confidence indicators to help them assess the strength of the economy (Barsky and Sims, 2012; Dees and Brinca, 2013; Ludvigson, 2004). They typically summarise information about consumers’ perceptions of current and future economic conditions and expectations for households’ financial situations and their spending plans. In this box, we present a new consumer confidence indicator (CCI) derived from the ECB’s Consumer Expectations Survey (CES) and use additional microdata to explore the relationship between consumer confidence and actual spending at the household level.
- [Barnes & Thornburg | The Transatlantic Divide Widens: U.S. vs EU 2025 Sustainability Policy](https://eaccny.com/news/member-news/barnes-thornburg-the-transatlantic-divide-widens-u-s-vs-eu-2025-sustainability-policy/) - While the United States (U.S.) had begun to diverge from the European Union (EU) on sustainability policy in 2024 due to political and legal shifts, that trajectory accelerated in 2025. Under the current administration, the U.S. has taken a markedly different path from the EU in addressing climate change, renewability, and environmental, social and governance (ESG) While the United States (U.S.) had begun to diverge from the European Union (EU) on sustainability policy in 2024 due to political and legal shifts, that trajectory accelerated in 2025. Under the current administration, the U.S. has taken a markedly different path from the EU in addressing climate change, renewability, and environmental, social and governance (ESG) priorities. As the EU continues to advance green development goals, enforce disclosure mandates and strengthen international climate commitments, the U.S. has pursued broad deregulation, reducing the role of climate-related rules in corporate governance and financial markets.
- [Transatlantic Trade Monitor: Facts You Need Now | Trump announces new trading agreements with key trading partners](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-trump-announces-new-trading-agreements-with-key-trading-partners/) - July 30, 2025 What happened? On July 27, the United States and the European Union (EU) announced a framework trade agreement and released a Fact Sheet on July 28 that calls for the reduction of proposed tariff levels and includes new bilateral investment and procurement commitments. The White House on July 22 released a Fact On July 27, the United States and the European Union (EU) announced a framework trade agreement and released a Fact Sheet on July 28 that calls for the reduction of proposed tariff levels and includes new bilateral investment and procurement commitments. The White House on July 22 released a Fact Sheet outlining the terms of the US–Indonesia reciprocal trade agreement, previously addressed in PwC’s July 18 Tax Insight. The fact sheet highlights key tariff, regulatory, and market access provisions across manufacturing, agriculture, digital trade, and labor.
- [Bannockburn Capital Markets | August 2025 Monthly](https://eaccny.com/news/member-news/bannockburn-capital-markets-august-2025-monthly/) - The August lull is a myth—a mirage for those who mistake heat for inertia. As this summer advances, businesses and investors should brace for turbulence, not tranquility. A kaleidoscope of US tariffs, an escalation of Russia's assault on Ukraine ahead of the American deadline, deceleration of US growth, when looking through the trade-related distortion, and The August lull is a myth—a mirage for those who mistake heat for inertia. As this summer advances, businesses and investors should brace for turbulence, not tranquility. A kaleidoscope of US tariffs, an escalation of Russia's assault on Ukraine ahead of the American deadline, deceleration of US growth, when looking through the trade-related distortion, and the de-synchronization of the monetary cycle, weave together a narrative far more dramatic than Northern Hemisphere’s summer doldrums. Market participants and policymakers alike will be navigating a landscape increasingly defined by disruption and divergence, with the potential for unforeseen consequences echoing across continents.
- [IMF | New Standards for Economic Data Aim to Sharpen View of Global Economy](https://eaccny.com/news/chapternews/imf-new-standards-for-economic-data-aim-to-sharpen-view-of-global-economy-2/) - By Vladimir Klyuev, James Tebrake, IMF The updated System of National Accounts better captures digitalization, intangible assets, and global production—helping governments support growth, jobs, and investment The cornerstones of our digital world—from smartphone apps to new digital assets and artificial intelligence tools—didn’t exist back in 2008, the last time the world’s statistical community overhauled its approach The updated System of National Accounts better captures digitalization, intangible assets, and global production—helping governments support growth, jobs, and investment
- [ECB | Making euro cash fit for the future](https://eaccny.com/news/chapternews/ecb-making-euro-cash-fit-for-the-future/) - By Piero Cipollone, Member of the Executive Board of the ECB Digital payments are increasing and people are using banknotes and coins less frequently. Is cash on the way out? Piero Cipollone explains why cash is still indispensable and how the ECB is working to ensure it remains readily available and easy to use. The Digital payments are increasing and people are using banknotes and coins less frequently. Is cash on the way out? Piero Cipollone explains why cash is still indispensable and how the ECB is working to ensure it remains readily available and easy to use.
- [Jaguar Freight | The Weekly Roar – The EU’s new trade deal, the first direct transcontinental railroad, the rise in cargo theft, spiking emissions due to the Red Sea crisis, and updating supply chain management curriculum.](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-the-eus-new-trade-deal-the-first-direct-transcontinental-railroad-the-rise-in-cargo-theft-spiking-emissions-due-to-the-red-sea-crisis-and-updati/) - First, a tariff update: The White House issued this fact sheet updating the reciprocal tariff rates for many countries on July 31 (read it here). Noteworthy is the new Aug. 8 start date. Currently under question is the legality of the reciprocal tariffs with a federal appeals court considering a pivotal case that could significantly undermine President Donald Trump’s The White House issued this fact sheet updating the reciprocal tariff rates for many countries on July 31 (read it here). Noteworthy is the new Aug. 8 start date. Currently under question is the legality of the reciprocal tariffs with a federal appeals court considering a pivotal case that could significantly undermine President Donald Trump’s global tariff strategy. At the heart of V.O.S. Selections v. Trump is the question of whether Trump unlawfully bypassed Congress by using emergency powers to implement sweeping tariff measures. Arguments were heard on July 31 with no decision given yet.
- [opAIda.ai Unveils AI-Powered RFI Automation Platform to Scale Global Reach](https://eaccny.com/news/member-news/opaida-ai-unveils-ai-powered-rfi-automation-platform-to-scale-global-reach/) - New York, NY - July 30, 2025 In a bold move to streamline one of the most burdensome processes in enterprise operations, opAida.ai today announced the launch of RFI, an AI-driven platform that automates responses to Requests for Information-empowering business teams to respond faster, more accurately, and with complete transparency. "Manual RFI responses cost companies In a bold move to streamline one of the most burdensome processes in enterprise operations, opAida.ai today announced the launch of RFI, an AI-driven platform that automates responses to Requests for Information-empowering business teams to respond faster, more accurately, and with complete transparency.
- [Vulcan View: The latest EU developments 28 July - 1 August](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-28-july-1-august/) - EU and US reach a trade agreement On Sunday, 27 July, European Commission President Ursula von der Leyen met with US President Donald Trump in Scotland to advance discussions on EU-US trade relations ahead of the 1 August tariff implementation deadline set by the US administration. During the meeting, Trump indicated that, should an agreement The latest EU developments 28 July - 1 August
- [European Commission | EU presents voluntary sustainability reporting standard to ease burden on SMEs](https://eaccny.com/news/chapternews/european-commission-eu-presents-voluntary-sustainability-reporting-standard-to-ease-burden-on-smes/) - The Commission has today adopted a recommendation on voluntary sustainability reporting for small and medium-sized companies (SMEs). The recommendation presents a voluntary standard that will make it easier for SMEs that are not covered by the Corporate Sustainability Reporting Directive (CSRD) to respond to specific requests for sustainability information from large financial institutions and companies. The voluntary standard for The Commission has today adopted a recommendation on voluntary sustainability reporting for small and medium-sized companies (SMEs). The recommendation presents a voluntary standard that will make it easier for SMEs that are not covered by the Corporate Sustainability Reporting Directive (CSRD) to respond to specific requests for sustainability information from large financial institutions and companies.
- [IMF | New Standards for Economic Data Aim to Sharpen View of Global Economy](https://eaccny.com/news/chapternews/imf-new-standards-for-economic-data-aim-to-sharpen-view-of-global-economy/) - By Vladimir Klyuev and James Tebrake The updated System of National Accounts better captures digitalization, intangible assets, and global production—helping governments support growth, jobs, and investment The cornerstones of our digital world—from smartphone apps to new digital assets and artificial intelligence tools—didn’t exist back in 2008, the last time the world’s statistical community overhauled its The updated System of National Accounts better captures digitalization, intangible assets, and global production—helping governments support growth, jobs, and investment
- [ECB | The ripple effects of monetary policy on housing and consumption](https://eaccny.com/news/chapternews/ecb-the-ripple-effects-of-monetary-policy-on-housing-and-consumption/) - By Niccolò Battistini and Johannes Gareis Monetary policy has an impact on our daily lives. This post explores the ripple effects of the ECB’s recent monetary policy on housing affordability, housing sales and households’ home goods consumption. Monetary policy decisions affect the economy by influencing how much people can afford, invest and consume. The housing Monetary policy has an impact on our daily lives. This post explores the ripple effects of the ECB’s recent monetary policy on housing affordability, housing sales and households’ home goods consumption.
- [ACG Resources | Simplify Summer Hiring with ACG’s Employer of Record Services](https://eaccny.com/news/member-news/acg-resources-simplify-summer-hiring-with-acgs-employer-of-record-services/) - Streamline Your Internships, Contractors, and Temporary Hiring with ACG Resources As summer internship season kicks off, it’s the perfect time to ensure your hiring process is smooth, compliant, and hassle-free. At ACG Resources, we provide Employer of Record (EOR) and payroll services not only for summer interns, but also for any contractors or temporary employees you’d like to bring As summer internship season kicks off, it’s the perfect time to ensure your hiring process is smooth, compliant, and hassle-free. At ACG Resources, we provide Employer of Record (EOR) and payroll services not only for summer interns, but also for any contractors or temporary employees you’d like to bring on without adding them to your payroll.
- [IMF | World Economic Outlook Update, July 2025: Opening Remarks by Pierre-Olivier Gourinchas, Economic Counsellor and Director of the Research Department](https://eaccny.com/news/chapternews/imf-world-economic-outlook-update-july-2025-opening-remarks-by-pierre-olivier-gourinchas-economic-counsellor-and-director-of-the-research-department/) - Global trade developments continue to shape the outlook. Following an unprecedented escalation in tariffs imposed on the rest of the world in April, the United States partly reversed course, pausing the higher tariffs for most of its trading partners. This, and a de-escalation of trade tensions with China in May, modestly reduced the US effective Global trade developments continue to shape the outlook. Following an unprecedented escalation in tariffs imposed on the rest of the world in April, the United States partly reversed course, pausing the higher tariffs for most of its trading partners. This, and a de-escalation of trade tensions with China in May, modestly reduced the US effective tariff rate from 24% to about 17%.
- [ECB | China-US trade tensions could bring more Chinese exports and lower prices to Europe](https://eaccny.com/news/chapternews/ecb-china-us-trade-tensions-could-bring-more-chinese-exports-and-lower-prices-to-europe/) - By Lukas Boeckelmann, Lorenz Emter, Vanessa Gunnella, Karin Klieber and Tajda Spital With trade tensions between China and the United States reaching new heights, Chinese exports may be redirected to the euro area. In a severe scenario, this additional supply and the accompanying lower import prices could bring down euro area inflation by as much With trade tensions between China and the United States reaching new heights, Chinese exports may be redirected to the euro area. In a severe scenario, this additional supply and the accompanying lower import prices could bring down euro area inflation by as much as 0.15 percentage points.
- [Don’t Let These 10 Legal Myths Stop Your Doing Business In The United States!](https://eaccny.com/news/member-news/compliments-of-global-commerce-education-a-member-of-the-eaccny/) - This is the final installment in a series of articles that demonstrate why European and other non-US companies should not be discouraged from doing business in America by 10 legal myths which these articles have debunked.
- [Don’t Let These 10 Legal Myths Stop Your Doing Business In The U.S.: Myth #10. It is almost impossible to locate trusted advisers including reliable and cost-effective lawyers and accountants.](https://eaccny.com/news/member-news/dont-let-these-10-legal-myths-stop-your-doing-business-in-the-u-s-myth-10-it-is-almost-impossible-to-locate-trusted-advisers-including-reliable-and-cost-effective-lawyers-and-accountants/) - In the last installment in this series, I explained how many non-US companies, including Baltic businesses, may wrongfully refrain from doing business in the US because of Myth #9 - There are no effective ways to control the risks to our business if we come to the US. Today I address the last Legal Myth in this series - Myth #10 It is almost impossible to locate trusted advisers including reliable and cost-effective lawyers and accountants. This Myth, too, is easily debunked.
- [Don’t Let These 10 Legal Myths Stop Your Doing Business In The U.S. :Myth #9 - There are no effective ways to control the risks to our business  if we come to the US](https://eaccny.com/news/member-news/dont-let-these-10-legal-myths-stop-your-doing-business-in-the-u-s-myth-9-there-are-no-effective-ways-to-control-the-risks-to-our-business-if-we-come-to-the-us/) - In the most recent article in this series, I explained how many non-US companies, including Baltic businesses, refrain from doing business in the US because of Myths #8 - The possibility of many employee lawsuits scares us. I explained that through a use of techniques including documentation and training the risk of employee litigation against a company can be substantially reduced. In this installment, I will address Myth #9 - There are no effective ways to control the risks to our business if we come to the US. This Myth, too, is easily debunked.
- [Don’t Let These 10 Legal Myths Stop Your Doing Business In The U.S.: Myth #8 - The possibility of many employee lawsuits scares us](https://eaccny.com/news/member-news/dont-let-these-10-legal-myths-stop-your-doing-business-in-the-u-s-myth-8-the-possibility-of-many-employee-lawsuits-scares-us/) - In the most recent article in this series, I explained how many non-US companies, including Baltic businesses, refrain from doing business in the US because of Myths #6 and 7 - The US is very litigious and that is too threatening to a small company like ours. As a result, the risk of liability and lawsuits relating to our products and/or services is too great. In this installment, I will address Myth #8 - The possibility of many employee lawsuits scares us! Like the other Myths, this one, too, is easily debunked.
- [Don’t Let These 10 Legal Myths Stop Your Doing Business In The U.S.: Myths #6 and 7 - The U.S. is very litigious and that is too threatening to a small company like ours. As a result, the risk of liability and lawsuits relating to our products and/or services is too great.](https://eaccny.com/news/member-news/dont-let-these-10-legal-myths-stop-your-doing-business-in-the-u-s-myths-6-and-7-the-u-s-is-very-litigious-and-that-is-too-threatening-to-a-small-company-like-ours-as-a-result-the-risk/) - In the most recent article in this series, I explained how many non-US companies, including Baltic businesses, are discouraged from exploiting a robust US marketplace by Myth #5 –If we enter the US we may be jeopardizing our valuable intellectual property. In this installment, I will address Myths #6 and 7 which are related - The US is very litigious and that is too threatening to a small company like ours. As a result, the risk of liability and lawsuits relating to our products and/or services is too great. Like the other Myths, this one, too, is easily debunked.
- [Don’t Let These 10 Legal Myths Stop Your Doing Business In The United States: Myth #5. If we enter the US we may be jeopardizing our valuable intellectual property.](https://eaccny.com/news/member-news/dont-let-these-10-legal-myths-stop-your-doing-business-in-the-united-states-myth-5-if-we-enter-the-us-we-may-be-jeopardizing-our-valuable-intellectual-property/) - According to the World Intellectual Property Organization (WIPO), the term "intellectual property" “refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.” In the U.S., there are several types of intellectual property, which include patents, trademarks, copyrights, and trade secrets. Patents allow their owner to determine who can make, use, or sell an invention.
- [Don’t Let These 10 Legal Myths Stop Your Doing Business In The United States:Myth #4 - There are too many governmental regulations that will make it very difficult to grow a business in the US.](https://eaccny.com/news/member-news/dont-let-these-10-legal-myths-stop-your-doing-business-in-the-united-statesmyth-4-there-are-too-many-governmental-regulations-that-will-make-it-very-difficult-to-grow-a-business-in-the-us/) - In the most recent article in this series, I explained how many non-US companies, including Baltic businesses, are discouraged from exploiting a robust US marketplace by Myth #3 –there are so many methods of market entry that it is impossible to know which is best for my company. In this installment, I will address Myth #4 - There are too many governmental regulations that will make it very difficult to grow a business in the US. Like the other Myths, this one, too, is easily debunked.
- [Don’t Let These 10 Legal Myths Stop Your Doing Business In The USA: Myth #3 - There are so many methods of market entry that it is impossible to know which is best for my company.](https://eaccny.com/news/member-news/dont-let-these-10-legal-myths-stop-your-doing-business-in-the-usa-myth-3-there-are-so-many-methods-of-market-entry-that-it-is-impossible-to-know-which-is-best-for-my-company/) - In the most recent article in this series, I explained how many non-US companies, including Baltic businesses, are discouraged from exploiting a robust US marketplace by Myth #2 – that forming a business in the US takes a very long time with too many hurdles to overcome. Today I will address Myth #3 - 3. there are so many methods of market entry that it is impossible to know which is best for my company. Like the other Myths, this one, too, is easily debunked.
- [Don’t Let These 10 Legal Myths Stop Your Doing Business In The United States: Myth #1 – The costs of entry into the US are prohibitive](https://eaccny.com/news/member-news/dont-let-these-10-legal-myths-stop-your-doing-business-in-the-united-states-myth-1-the-costs-of-entry-into-the-us-are-prohibitive/) - Don’t Let These 10 Legal Myths Stop Your Doing Business In The United States: Myth #1 – The costs of entry into the US are prohibitive
- [Don’t Let These 10 Legal Myths Stop Your Doing Business In The USA: Myth #2 Forming a business in the US takes a very long time with too many hurdles to overcome](https://eaccny.com/news/member-news/dont-let-these-10-legal-myths-stop-your-doing-business-in-the-usa-myth-2-forming-a-business-in-the-us-takes-a-very-long-time-with-too-many-hurdles-to-overcome/) - Last week I explained how many non-US companies, including Baltic businesses, are discouraged from exploiting a robust US marketplace by Myth #1 - The costs of entry into the US, including the costs of business formation, are very great and, thus, prohibitive. In this article, the third in a series, I address Myth #2 – that forming a business in the US takes a very long time with too many hurdles to overcome. Like the other Myths, this one, too, is easily debunked.
- [Bannockburn Capital Markets | Trade Deal Weighs on the Euro](https://eaccny.com/news/member-news/bannockburn-capital-markets-trade-deal-weighs-on-the-euro/) - Overview: The US and EU struck a trade deal that is less onerous than threatened and reduces the uncertainty plaguing businesses and investors. In May, President Trump threatened a 50% tariff on most EU goods, and yesterday, agreed to 15% (including autos and pharma, but not metals). There seems to be some debate over whether quota Overview: The US and EU struck a trade deal that is less onerous than threatened and reduces the uncertainty plaguing businesses and investors. In May, President Trump threatened a 50% tariff on most EU goods, and yesterday, agreed to 15% (including autos and pharma, but not metals). There seems to be some debate over whether quota and tariff system will apply to steel and aluminum. The EU reportedly agreed to purchase $750 bln of US energy, "vast amounts" of military equipment, and invest $600 bln in the US on top of existing investments. Last year, EU companies invested almost $97 bln in the US, which is mostly retained earnings as opposed to new flows and bought less than $100 bln of US oil and liquified natural gas.
- [ECB | From hype to hazard: what stablecoins mean for Europe](https://eaccny.com/news/chapternews/ecb-from-hype-to-hazard-what-stablecoins-mean-for-europe/) - Stablecoins are reshaping global finance – with the US dollar at the helm. Without a strategic response, European monetary sovereignty and financial stability could erode. However, in this disruption there is also an opportunity for the euro to emerge stronger. Stablecoins are reshaping global finance – with the US dollar at the helm. Without a Stablecoins are reshaping global finance – with the US dollar at the helm. Without a strategic response, European monetary sovereignty and financial stability could erode. However, in this disruption there is also an opportunity for the euro to emerge stronger.
- [Jaguar Freight | The Weekly Roar – A decrease in N. American transborder shipping, down throughput at the EU’s largest port, diesel prices up, shifting US manufacturing sector, and managing robots in the supply chain.](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-a-decrease-in-n-american-transborder-shipping-down-throughput-at-the-eus-largest-port-diesel-prices-up-shifting-us-manufacturing-sector-and-man/) - First, a quick check on tariff news after an eventful week: • The US and EU have reached a trade deal that imposes a 15% blanket tariff on all EU goods imported into the US. avoiding the previously threatened 30% rate. In return, the EU has pledged hundreds of billions of dollars in U.S. investments. First, a quick check on tariff news after an eventful week: The US and EU have reached a trade deal that imposes a 15% blanket tariff on all EU goods imported into the US. avoiding the previously threatened 30% rate. In return, the EU has pledged hundreds of billions of dollars in U.S. investments. The agreement is set to take effect Friday. A “massive” deal has been made with Japan. According to a social media post by President Trump, Japan has agreed to invest $550 billion in the US, with 90% of the profits of those deals remaining in the US economy. The Trump Administration also co-released a fact sheet regarding a reciprocal trade deal reached with Indonesia. Trump announced that his administration reached a trade deal with the Philippines, who agreed to open its market to US goods at zero tariffs. Philippine goods will incur a 19% tariff upon entry into the US market. Hearings will begin on July 31 regarding the legality of many of the new tariffs. The ruling will either stop or allow the tariffs in question to be implemented beginning August 1.
- [Trepp | Why CRE's Current Stability May Be Masking Mounting Risks](https://eaccny.com/news/member-news/trepp-why-cres-current-stability-may-be-masking-mounting-risks/) - By Rachel Szymanski, Chief Economist, Trepp Commercial real estate (CRE) decisions are highly dependent on the macroeconomic environment, one that has become increasingly volatile and difficult to navigate. The biggest challenge is predicting whether large macro developments will unfold gradually or trigger sharp cascades. In highly uncertain times, it becomes even more important to focus Commercial real estate (CRE) decisions are highly dependent on the macroeconomic environment, one that has become increasingly volatile and difficult to navigate. The biggest challenge is predicting whether large macro developments will unfold gradually or trigger sharp cascades.
- [PwC | Trump administration announces additional country tariff rates, trade agreement ahead of August 1 deadline](https://eaccny.com/news/member-news/pwc-trump-administration-announces-additional-country-tariff-rates-trade-agreement-ahead-of-august-1-deadline/) - What happened? Over the past week, President Trump has continued to pursue tariff enforcement measures as part of the administration’s broader trade policy agenda. President Trump has escalated the administration’s tariff strategy with new and proposed duties on goods from the European Union (EU), Mexico, Canada, and Russia, while simultaneously pursuing trade negotiations that led Over the past week, President Trump has continued to pursue tariff enforcement measures as part of the administration’s broader trade policy agenda. President Trump has escalated the administration’s tariff strategy with new and proposed duties on goods from the European Union (EU), Mexico, Canada, and Russia, while simultaneously pursuing trade negotiations that led to preliminary agreements with Vietnam and Indonesia, and a potential agreement with India nearing completion. These steps are aimed at reducing bilateral tariffs and expanding US exports. Letters to additional countries are expected to be released soon, notifying them of assigned tariff rates.
- [ECB | Time to be strategic: how public money could power Europe’s green, digital and defence transitions](https://eaccny.com/news/chapternews/ecb-time-to-be-strategic-how-public-money-could-power-europes-green-digital-and-defence-transitions/) - By Othman Bouabdallah, Ettore Dorrucci, Carolin Nerlich, Christiane Nickel and Aurelian Vlad Following the June NATO summit, Europe is confronting heightened challenges in financing its green, digital and defence transitions as new defence commitments place increased pressure on national and EU budgets. Balancing strategic priorities with debt sustainability is crucial. This blog outlines a three-pronged strategy: Following the June NATO summit, Europe is confronting heightened challenges in financing its green, digital and defence transitions as new defence commitments place increased pressure on national and EU budgets. Balancing strategic priorities with debt sustainability is crucial. This blog outlines a three-pronged strategy: (i) relying on existing fiscal mechanisms; (ii) additional fiscal measures at the national level; and (iii) fostering a more cohesive and productive Europe.
- [Noerr | Public funding for AI gigafactories](https://eaccny.com/news/member-news/noerr-public-funding-for-ai-gigafactories/) - To enable European businesses to use artificial intelligence (AI) in a trustworthy manner and remain internationally competitive, the European Commission is working to secure a leading role for Europe in the field of artificial intelligence and aims to make Europe an “AI continent”. To this end, the European Commission is pursuing a comprehensive strategy, which To enable European businesses to use artificial intelligence (AI) in a trustworthy manner and remain internationally competitive, the European Commission is working to secure a leading role for Europe in the field of artificial intelligence and aims to make Europe an “AI continent”. To this end, the European Commission is pursuing a comprehensive strategy, which is primarily set out in its 2024 AI Innovation Package, the Competitiveness Compass 2025, the AI Continent Action Plan and the Apply AI Strategy. The AI Continent Action Plan includes, among other objectives, the creation and expansion of (public) AI infrastructure, for which the European Commission is currently aiming to mobilise various investments totalling €200 billion through its InvestAI initiative. The investment programme also provides for €20 billion to be made available for an investment fund to support the establishment of four to five AI gigafactories. AI gigafactories are large-scale computing and development centres, specifically designed for the training, operation and further development of AI.
- [Vulcan View: The latest EU developments 21 July - 25 July](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-21-july-25-july/) - EU reassesses trade strategy following US-Japan agreement On Tuesday, 22 July, US President Donald Trump announced the conclusion of a new bilateral trade agreement with Japan. The deal, which Trump has described as “the biggest deal ever made,” introduces a 15% tariff on Japanese exports – significantly lower than the previous 25% tariffs that were due to come into effect on 1 The latest EU developments 21 July - 25 July
- [European Commission | EU takes action to ensure complete and timely transposition of EU directives](https://eaccny.com/news/chapternews/european-commission-eu-takes-action-to-ensure-complete-and-timely-transposition-of-eu-directives/) - The European Commission is taking action against several EU Member States that have failed to notify the Commission of measures they have adopted to transpose EU Directives into their national laws. The deadline to transpose these Directives has expired recently. The Commission is sending a letter of formal notice to these Member States, giving them The European Commission is taking action against several EU Member States that have failed to notify the Commission of measures they have adopted to transpose EU Directives into their national laws. The deadline to transpose these Directives has expired recently. The Commission is sending a letter of formal notice to these Member States, giving them two months to reply and complete the transposition of the Directives. If they fail to do so, the Commission may issue a stronger warning, known as a reasoned opinion. The Member States in question have failed to fully transpose one EU directive related to defence, energy, transport, justice and health. The Commission is urging them to take immediate action to bring their laws in line with EU requirements.
- [EBRD and EU to unlock investment opportunities in sub-Saharan Africa](https://eaccny.com/news/tria-initiative-announcements/ebrd-and-eu-to-unlock-investment-opportunities-in-sub-saharan-africa/)
- [EIB Global Impact Report 2024/2025](https://eaccny.com/news/member-news/eib-global-impact-report-2024-2025/) - At a time of geopolitical shifts and rising uncertainty, the EIB Group’s role in addressing global challenges is more relevant than ever. Our focus is on delivering tangible results on the ground through win-win partnerships. As a multilateral development bank owned by the EU Member States, the EIB Group is a key part of what At a time of geopolitical shifts and rising uncertainty, the EIB Group’s role in addressing global challenges is more relevant than ever. Our focus is on delivering tangible results on the ground through win-win partnerships. As a multilateral development bank owned by the EU Member States, the EIB Group is a key part of what Europe brings to the world: economic stability, reliability, and long-term commitment.
- [Greenberg Traurig | 188 Greenberg Traurig Attorneys, 46 Practices Recognized in The Legal 500 United States 2025 Edition](https://eaccny.com/news/member-news/greenberg-traurigs-immigration-practice-recommended-in-the-legal-500-us-2025-edition/) - NEW YORK – June 11, 2025 – Global law firm Greenberg Traurig, LLP has 188 attorneys and 46 practices recognized in The Legal 500 United States 2025 edition. The Legal 500 United States recognizes practice area teams and practitioners “providing the most cutting edge and innovative advice to corporate counsel,” according to the publisher. The recognitions are based on feedback from NEW YORK – June 11, 2025 – Global law firm Greenberg Traurig, LLP has 188 attorneys and 46 practices recognized in The Legal 500 United States 2025 edition.
- [European Commission | Report on the application of the VAT e-commerce package for 2024](https://eaccny.com/news/chapternews/european-commission-report-on-the-application-of-the-vat-e-commerce-package-for-2024/) - The Commission analysis in this report is based on statistics for 2024 received from Member States in relation to the application of the e-commerce package 1. Introduction Against a backdrop of explosive growth in e-commerce activity and a fragmented regulatory framework for the collection of VAT on e-commerce supplies, the VAT e-commerce package, which came The Commission analysis in this report is based on statistics for 2024 received from Member States in relation to the application of the e-commerce package
- [NAL Research, SGM Technology AS, and Tschudi Shipping Company Partner to Deliver Resilient Navigation and Tracking Solution for Commercial Maritime Vessels](https://eaccny.com/news/member-news/nal-research-sgm-technology-as-and-tschudi-shipping-company-partner-to-deliver-resilient-navigation-and-tracking-solution-for-commercial-maritime-vessels/) - Collaboration addresses growing maritime challenges to safety of navigation and visibility of high-value assets in degraded and compromised GPS/GNSS environments MANASSAS, Va. and LYSAKER, Norway – July 22, 2025 – NAL Research, a U.S.-based pioneer in Assured Positioning, Navigation, and Timing (APNT) solutions, together with SGM Technology AS (SGM), a leader in maritime technology solutions for commercial shipping and fishing, and Tschudi MANASSAS, Va. and LYSAKER, Norway – July 22, 2025 – NAL Research, a U.S.-based pioneer in Assured Positioning, Navigation, and Timing (APNT) solutions, together with SGM Technology AS (SGM), a leader in maritime technology solutions for commercial shipping and fishing, and Tschudi Shipping Company, a leader in maritime-related services and logistics, today announced a strategic collaboration to deliver a resilient navigation and tracking product line for the commercial shipping industry enabled by Iridium’s low-Earth orbit (LEO) satellite network.
- [Noerr | 18th EU sanctions package tightens restrictions on banks and also targets third countries](https://eaccny.com/news/member-news/noerr-18th-eu-sanctions-package-tightens-restrictions-on-banks-and-also-targets-third-countries/) - A. Background On 18 July 2025, following intensive negotiations, the Council of the European Union adopted the 18th sanctions package against Russia and Belarus. The package aims to further restrict the Russian state’s capacity for action and to increase the pressure on its regime. Once again, the focus lies on the banking, energy and defence On 18 July 2025, following intensive negotiations, the Council of the European Union adopted the 18th sanctions package against Russia and Belarus. The package aims to further restrict the Russian state’s capacity for action and to increase the pressure on its regime. Once again, the focus lies on the banking, energy and defence sectors. In addition, the EU adopted new restrictive measures against Belarus.
- [Berkowitz Pollack Brant | How Will the 2025 One Big Beautiful Tax Bill Affect Individual Taxpayers?](https://eaccny.com/news/member-news/berkowitz-pollack-brant-how-will-the-2025-one-big-beautiful-tax-bill-affect-individual-taxpayers-by-patti-giarritano-cpa/) - By Patricia Giarratano, Director of Tax Services, BERKOWITZ POLLACK BRANT On July 4, 2025, President Donald Trump signed into law a multi-trillion-dollar tax cut and spending bill, commonly referred to as the One Big, Beautiful Bill Act (OBBBA). The law extends many of the tax breaks included in Trump’s 2017 Tax Cuts and Jobs Act On July 4, 2025, President Donald Trump signed into law a multi-trillion-dollar tax cut and spending bill, commonly referred to as the One Big, Beautiful Bill Act (OBBBA). The law extends many of the tax breaks included in Trump’s 2017 Tax Cuts and Jobs Act (TCJA), which were set to expire at the end of this year. It also expands certain tax credits and deductions and terminates several environmental-friendly tax breaks introduced under the Biden administration. Here we provide a brief overview of some of the law’s key provisions and how they may affect you.
- [PwC | European Commission unveils ‘own resources’ proposals](https://eaccny.com/news/member-news/pwc-european-commission-unveils-own-resources-proposals/) - What happened? On 16 July the European Commission (Commission) presented the proposal for a EUR 2 trillion Multi- Annual Financial Framework (MFF) for 2028 to 2034. The proposal includes expanding existing own resources and a new own resource, CORE (Corporate Resource for Europe). The MFF needs to be adopted under a special legislative procedure which On 16 July the European Commission (Commission) presented the proposal for a EUR 2 trillion Multi- Annual Financial Framework (MFF) for 2028 to 2034. The proposal includes expanding existing own resources and a new own resource, CORE (Corporate Resource for Europe). The MFF needs to be adopted under a special legislative procedure which requires unanimity in the Council.
- [IMF | Global Current Account Balances Widen, Reversing Narrowing Trend](https://eaccny.com/news/chapternews/imf-global-current-account-balances-widen-reversing-narrowing-trend/) - By Pierre-Olivier Gourinchas, Economic Counsellor and Director of Research, IMF Growing imbalances in largest economies underscore need for concerted adjustment in domestic macroeconomic policiesGlobal current account balances widened by a sizable 0.6 percentage points of world GDP in 2024. When adjusted to account for the volatility around the pandemic and Russia’s war in Ukraine, the Growing imbalances in largest economies underscore need for concerted adjustment in domestic macroeconomic policies
- [Tradewind Finance Announces Credit Facility for Bubble Tea Trader in Europe](https://eaccny.com/news/member-news/tradewind-finance-announces-credit-facility-for-bubble-tea-trader-in-europe/) - Tradewind Finance, an international trade finance firm celebrating its 25th anniversary this year, has provided working capital for a ready-to-go bubble tea global trader in the Baltics. The export financing is being used by the beverage maker to drive growth, optimize operations, and strengthen international sales. The Baltic wholesaler of ready-to-go bubble tea drinks sells to Tradewind Finance, an international trade finance firm celebrating its 25th anniversary this year, has provided working capital for a ready-to-go bubble tea global trader in the Baltics. The export financing is being used by the beverage maker to drive growth, optimize operations, and strengthen international sales.
- [Jaguar Freight | The Weekly Roar – Tariffs and the threat to the holidays, the DOJ’s Corporate Whistleblower Awards, why UK-China shipping costs are surging, a positive Panama Canal update, and how companies are prioritizing sustainability within their supply chains.](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-tariffs-and-the-threat-to-the-holidays-the-dojs-corporate-whistleblower-awards-why-uk-china-shipping-costs-are-surging-a-positive-panama-canal-up/) - Despite the Port of Los Angeles rebounding in June with record-setting cargo volumes, Executive Director Eugene Seroka is warning that newly imposed Trump administration tariffs threaten importers, retailers, and potentially holiday sales. The sudden rate hikes on major trading partners, including Japan, the EU, and China, are adding cost and uncertainty, And, discouraging retailers from taking Despite the Port of Los Angeles rebounding in June with record-setting cargo volumes, Executive Director Eugene Seroka is warning that newly imposed Trump administration tariffs threaten importers, retailers, and potentially holiday sales. The sudden rate hikes on major trading partners, including Japan, the EU, and China, are adding cost and uncertainty, And, discouraging retailers from taking inventory risks ahead of Christmas. Seroka and the National Retail Federation are expecting volumes to drop throughout the rest of 2025. Policymakers are being urged to recognize the pressure tariffs are putting on American businesses and consumers.
- [ECB | Survey on the Access to Finance of Enterprises: firms report lower interest rates amid pressures arising from trade tensions](https://eaccny.com/news/chapternews/ecb-survey-on-the-access-to-finance-of-enterprises-firms-report-lower-interest-rates-amid-pressures-arising-from-trade-tensions/) - • Firms continued to report declining interest rates on bank loans, while indicating a slight tightening of other lending conditions. • The bank loan financing gap remained stable, with firms reporting that both needs for bank loans and the availability of bank loans were broadly unchanged. • Firms’ one-year-ahead median inflation expectations decreased to 2.5%, Firms continued to report declining interest rates on bank loans, while indicating a slight tightening of other lending conditions. The bank loan financing gap remained stable, with firms reporting that both needs for bank loans and the availability of bank loans were broadly unchanged. Firms’ one-year-ahead median inflation expectations decreased to 2.5%, down from 2.9%, while median inflation expectations three and five years ahead remained unchanged at 3.0%. Most firms reported that they had been affected to some extent by trade tensions, with firms exporting to the United States and firms in the manufacturing sector being the most exposed.
- [Bennett Jones | Canada’s Q2 2025 M&A Landscape](https://eaccny.com/news/member-news/bennett-jones-canadas-q2-2025-ma-landscape/) - By Brent Kraus, Flutra Kacuri, Sabrina Bandali, Zirjan Derwa and Adam Kalbfleisch, Bennett Jones The total number of Canadian M&A deals declined in the second quarter of 2025 as tariff disruption and uncertainty hampered dealmaking activity. However, the overall value of announced Canadian deals was up considerably in the second quarter of 2025, resulting in The total number of Canadian M&A deals declined in the second quarter of 2025 as tariff disruption and uncertainty hampered dealmaking activity. However, the overall value of announced Canadian deals was up considerably in the second quarter of 2025, resulting in higher average deal sizes. A similar scenario of fewer deals and higher values is playing out in the United States and globally.
- [Troutman Pepper Locke | DOJ Ramps Up Enforcement Efforts Targeting Tariff Evasion and Trade Fraud](https://eaccny.com/news/member-news/troutman-pepper-locke-doj-ramps-up-enforcement-efforts-targeting-tariff-evasion-and-trade-fraud/) - The U.S. Department of Justice (DOJ) has announced that it is expanding its enforcement priorities to include a focus on import-related fraud — particularly schemes aimed at evading U.S. tariffs and duties. This marks a notable shift in the DOJ’s trade enforcement agenda, which has traditionally emphasized export controls and sanctions compliance. The shift follows The U.S. Department of Justice (DOJ) has announced that it is expanding its enforcement priorities to include a focus on import-related fraud — particularly schemes aimed at evading U.S. tariffs and duties. This marks a notable shift in the DOJ’s trade enforcement agenda, which has traditionally emphasized export controls and sanctions compliance.
- [Anchin’s U.S. Expansion Playbook: Expanding Business Operations to the US? What Needs to be Considered](https://eaccny.com/news/member-news/anchins-u-s-expansion-playbook-expanding-business-operations-to-the-us-what-needs-to-be-considered/) - By Kevin Brown, Tax Principal, ANCHIN Anchin’s U.S. Expansion Playbook is a bi-weekly article series that will provide insight into the tax, accounting, operational and practical considerations for non-U.S. businesses looking to expand their operations into the U.S. The Anchin International Tax group has significant expertise and experience in assisting overseas businesses seeking entry into the U.S. Anchin’s U.S. Expansion Playbook is a bi-weekly article series that will provide insight into the tax, accounting, operational and practical considerations for non-U.S. businesses looking to expand their operations into the U.S.
- [European Commission | Remarks by Commissioner Síkela, Šuica and Kos on the Global Europe instrument](https://eaccny.com/news/chapternews/european-commission-remarks-by-commissioner-sikela-suica-and-kos-on-the-global-europe-instrument/) - "Check against delivery" Commissioner Síkela Good morning, ladies and gentlemen, We have entered an era of growing geopolitical challenges. From climate-driven instability and global migration pressures to rising competition over critical raw materials, global influence, and market access. But to Europe – as a reliable, trustworthy partner - the current situation also brings new opportunities. We have entered an era of growing geopolitical challenges. From climate-driven instability and global migration pressures to rising competition over critical raw materials, global influence, and market access. But to Europe – as a reliable, trustworthy partner - the current situation also brings new opportunities. Opportunities to build strategic partnerships. To open new markets for European companies. This is why Europe needs a stronger and more agile external action. If we want to shape our environment, we must equip ourselves with the right tools to act strategically and with impact.
- [Council of the EU | VAT: Council formally adopts new rules simplifying tax collection for imports](https://eaccny.com/news/chapternews/council-of-the-eu-vat-council-formally-adopts-new-rules-simplifying-tax-collection-for-imports/) - The Council today formally adopted new value added tax (VAT) rules for distance sales of imported goods. The directive will improve collection of VAT on imported goods by ensuring suppliers are always liable for VAT paid on imports, rather than the EU consumer as is currently usual practice. This should encourage suppliers outside the EU to use the The Council today formally adopted new value added tax (VAT) rules for distance sales of imported goods. The directive will improve collection of VAT on imported goods by ensuring suppliers are always liable for VAT paid on imports, rather than the EU consumer as is currently usual practice. This should encourage suppliers outside the EU to use the VAT import one-stop-shop (IOSS) for VAT reporting and collection.
- [Vulcan View: The latest EU developments 14 July - 18 July](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-14-july-18-july/) - Commission unveils draft 2028-2034 Multiannual Financial Framework On Wednesday, 16 July, the European Commission announced the EU’s Multiannual Financial Framework (MFF) for 2028-2034. The MMF -the EU’s long-term budget- is planned to amount to €2 trillion, with European Commission President von der Leyen stating, “The next MFF will be the most ambitious ever proposed. It is more The latest EU developments 14 July - 18 July
- [European Commission | Statement by President von der Leyen on EU-U.S. trade](https://eaccny.com/news/chapternews/european-commission-statement-by-president-von-der-leyen-on-eu-u-s-trade/) - We take note of the letter sent by U.S. President Trump outlining a revised tariff rate and a new timeline. Imposing 30 percent tariffs on EU exports would disrupt essential transatlantic supply chains, to the detriment of businesses, consumers and patients on both sides of the Atlantic. Few economies in the world match the European We take note of the letter sent by U.S. President Trump outlining a revised tariff rate and a new timeline.
- [European Commission | An ambitious budget for a stronger Europe: 2028-2034](https://eaccny.com/news/chapternews/european-commission-an-ambitious-budget-for-a-stronger-europe-2028-2034/) - Today, the European Commission presented its proposal for an ambitious and dynamic Multiannual Financial Framework (MFF), amounting to almost EUR 2 trillion (or 1.26% of the EU's gross national income on average between 2028 and 2034). This framework will equip Europe with a long-term investment budget matching its ambitions to be an independent, prosperous, secure, Today, the European Commission presented its proposal for an ambitious and dynamic Multiannual Financial Framework (MFF), amounting to almost EUR 2 trillion (or 1.26% of the EU's gross national income on average between 2028 and 2034). This framework will equip Europe with a long-term investment budget matching its ambitions to be an independent, prosperous, secure, and thriving society and economy over the coming decade.
- [ECB publishes third progress report on the digital euro preparation phase](https://eaccny.com/news/chapternews/ecb-publishes-third-progress-report-on-the-digital-euro-preparation-phase/) - • ECB making progress on digital euro rulebook with feedback from experts, consumers and merchants • Around 70 market participants explore use cases through new innovation platform • ECB continues stakeholder engagement to ensure alignment with market needs and legislative developments The European Central Bank (ECB) has published its third progress report on the preparation phase of • ECB making progress on digital euro rulebook with feedback from experts, consumers and merchants • Around 70 market participants explore use cases through new innovation platform • ECB continues stakeholder engagement to ensure alignment with market needs and legislative developments
- [EIB Group backs more than €15 billion in new investment](https://eaccny.com/news/member-news/eib-group-backs-more-than-e15-billion-in-new-investment/) - • EIB and EIF Boards approve €15.5 billion for transport, housing, education, energy and business investment • EIB strengthening support for water resilience The European Investment Bank Group approved a total of €15.5 billion in new financing to back business growth and corporate innovation, improve transport and energy connectivity, invest in housing and strengthen water EIB and EIF Boards approve €15.5 billion for transport, housing, education, energy and business investment EIB strengthening support for water resilience
- [Panitch Schwarze | Harnessing Copyright Law to Tackle The Growing Threat of Deepfakes](https://eaccny.com/news/member-news/panitch-schwarze-harnessing-copyright-law-to-tackle-the-growing-threat-of-deepfakes/) - By Julianna L. Hunt, Associate, PANITCH SCHWARZE Denmark has taken a stand against the widespread popularity and growing concerns associated with deepfake technology – technology relying on artificial intelligence (AI) tools to generate images, videos, and audio recordings which, although technically fake, appear convincingly realistic. Pop culture icons Scarlett Johansson and Tom Cruise, as well as recently deceased Pope Francis, have Denmark has taken a stand against the widespread popularity and growing concerns associated with deepfake technology – technology relying on artificial intelligence (AI) tools to generate images, videos, and audio recordings which, although technically fake, appear convincingly realistic. Pop culture icons Scarlett Johansson and Tom Cruise, as well as recently deceased Pope Francis, have all fallen victim to bouts of incredibly unsettling and deceiving deepfakes created and subsequently circulated without prior consent or authorization.
- [Mason Hayes & Curran | Five New Healthcare Of Counsel](https://eaccny.com/news/member-news/mason-hayes-curran-five-new-healthcare-of-counsel/) - As Ireland’s healthcare sector continues to grow, we are pleased to promote five senior lawyers to meet rising client demand. All five new Of Counsel work across our medical law and healthcare practices, serving both public and private clients. Kevin Power, Head of Medical Law, said the appointments reflect the depth and strength of our healthcare team. He As Ireland’s healthcare sector continues to grow, we are pleased to promote five senior lawyers to meet rising client demand. All five new Of Counsel work across our medical law and healthcare practices, serving both public and private clients.
- [Osborne Clarke | US Global Compass July Newsletter](https://eaccny.com/news/member-news/osborne-clarke-us-global-compass-july-newsletter/) - As digital transformation accelerates globally, the legal and commercial risks – but also opportunities – for US companies operating or investing in Europe are evolving just as quickly. That's why Osborne Clarke has launched the first edition of our new digital publication WAVE: Emerging Legal Trends in Digitalization. For US companies expanding or doing business As digital transformation accelerates globally, the legal and commercial risks – but also opportunities – for US companies operating or investing in Europe are evolving just as quickly. That's why Osborne Clarke has launched the first edition of our new digital publication WAVE: Emerging Legal Trends in Digitalization.
- [IPTI | Property Tax in the News - July 2025](https://eaccny.com/news/member-news/ipti-property-tax-in-the-news-july-2025/) - IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in “IPTI Xtracts” on our website: www.ipti.org. Please note that these are news articles; they do not necessarily reflect IPTI’s views.
- [Transatlantic Trade Monitor: Facts You Need Now | Trade shocks, employment and the coming recession](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-trade-shocks-employment-and-the-coming-recession/) - The recession will start on the docks of Los Angeles. It will be a product of a rational response of producers, wholesalers and retailers to the uncertainty created by policymakers. The cost of those policy decisions is a misapplied consumption tax on households and businesses, which will soon cause a premature and unnecessary end to Key takeaways The price of new tariffs will first be paid at the ports and then spread out. Roughly 7% of U.S. employment involves transportation and the moving of materials. Beyond the ports, the loss goods will increase prices on incoming supplies of essential items.
- [Vulcan View: The latest EU developments 7 July - 11 July](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-7-july-11-july/) - Commission President von der Leyen survives no-confidence vote On Monday, July 7, European Commission President Ursula von der Leyen addressed the European Parliament in Strasbourg regarding ongoing allegations related to the so-called “Pfizergate” controversy, which had prompted a motion of censure from far-right groups. During her remarks, von der Leyen firmly denied the accusations and described The latest EU developments 7 July - 11 July
- [NY Fed | Short-Term Inflation Expectations Tick Down, Household Financial Expectations Improve](https://eaccny.com/news/chapternews/ny-fed-short-term-inflation-expectations-tick-down-household-financial-expectations-improve/) - NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the June 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations ticked down at the short-term horizon and remained unchanged at the medium- and longer-term horizons. Unemployment and job loss expectations improved. Spending growth expectations slightly declined, while household income NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the June 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations ticked down at the short-term horizon and remained unchanged at the medium- and longer-term horizons. Unemployment and job loss expectations improved. Spending growth expectations slightly declined, while household income growth expectations increased. Households were more optimistic about their year-ahead financial situations and credit access. The survey was fielded from June 2 through June 30, 2025.
- [Bannockburn Capital Markets | USD Steadies after Yesterday's Surge, but Does it have Legs?](https://eaccny.com/news/member-news/bannockburn-capital-markets-usd-steadies-after-yesterdays-surge-but-does-it-have-legs/) - Overview: The dollar has steadied today after yesterday's jump. Asia and Europe do not seem to be as enthusiastic about the dollar as North America seemed to be yesterday. President Trump indicated that sectoral tariffs on semiconductor chips and pharmaceuticals could be announced as early as August 1. He also said that there will be more Overview: The dollar has steadied today after yesterday's jump. Asia and Europe do not seem to be as enthusiastic about the dollar as North America seemed to be yesterday. President Trump indicated that sectoral tariffs on semiconductor chips and pharmaceuticals could be announced as early as August 1. He also said that there will be more bilateral deals announced. The greenback is mostly a little softer against the G10 currencies, with the Scandis the notable exception, unable to find much traction. Emerging market currencies are softer except for central Europe, the Chinese yuan, and the Mexican peso. The PBOC set the dollar's reference rate higher today for the third consecutive session for the first time in two months.
- [Transatlantic Trade Monitor: Facts You Need Now | When the CHIPs are down: the Case for Semiconductor Corridors](https://eaccny.com/news/member-news/transatlantic-trade-monitor-facts-you-need-now-when-the-chips-are-down-the-case-for-semiconductor-corridors/) - By Ian Hunter, Director, OCO GLOBAL On Saturday, President Trump confirmed a 30 % tariff on most imports from the EU and Mexico, set to begin August 1. While the final product list is still pending, the administration has signaled – most recently on July 8 – that additional, sector-specific tariffs on semiconductors are being considered. Reuters On Saturday, President Trump confirmed a 30 % tariff on most imports from the EU and Mexico, set to begin August 1. While the final product list is still pending, the administration has signaled – most recently on July 8 – that additional, sector-specific tariffs on semiconductors are being considered. Reuters reporting indicates these could exceed 25%, targeting critical inputs like chipmaking tools (Reuters, July 9). While not yet finalized, the prospect alone is creating uncertainty for capital planning, tooling procurement, and cross-border investment strategies.
- [ECB | The digital euro: legal tender in the digital age](https://eaccny.com/news/chapternews/ecb-the-digital-euro-legal-tender-in-the-digital-age/) - Introductory statement by Piero Cipollone, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament Thank you for inviting me to take part in this exchange of views. I would like to talk about why we need the digital euro – and the cost of Introductory statement by Piero Cipollone, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament
- [New York State Governor | Taking Action on Tariffs: Governor Hochul Directs New York State Agencies to Report on Cost Increases and Supply Chain Disruptions Caused by Trump’s Tariffs](https://eaccny.com/news/chapternews/new-york-state-governor-taking-action-on-tariffs-governor-hochul-directs-new-york-state-agencies-to-report-on-cost-increases-and-supply-chain-disruptions-caused-by-trumps-tariffs/) - By September 30, State Agencies Will Compile Data on Effects of Federal Tariffs on New York Consumers, Small Businesses, Farmers, Construction, Tourism and Other Sectors State Officials Will Use Data Across Each Sector To Produce A Statewide Tariff Economic Impact Report by October 31 Read the New Memo to State Agencies To Keep New Yorkers By September 30, State Agencies Will Compile Data on Effects of Federal Tariffs on New York Consumers, Small Businesses, Farmers, Construction, Tourism and Other Sectors
- [EIB Group moves forward to strengthen transparency, accountability and workplace well-being](https://eaccny.com/news/member-news/eib-group-moves-forward-to-strengthen-transparency-accountability-and-workplace-well-being/) - The European Investment Bank (EIB) Group has been taking decisive steps to strengthen transparency, accountability, and workplace well-being. These include a 14-point Action Plan, launched in July 2024, developed with staff representatives to address priority areas identified through staff surveys. To date, the Group has delivered several concrete measures as part of this change: Appointment of The European Investment Bank (EIB) Group has been taking decisive steps to strengthen transparency, accountability, and workplace well-being. These include a 14-point Action Plan, launched in July 2024, developed with staff representatives to address priority areas identified through staff surveys.
- [Jaguar Freight | The Weekly Roar – Lots of letters, air rates holding steady, it’s worse again in the Red Sea, the final end of the de minimis exemption, and what does supply chain resilience really mean?](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-lots-of-letters-air-rates-holding-steady-its-worse-again-in-the-red-sea-the-final-end-of-the-de-minimis-exemption-and-what-does-supply-chain-res/) - President Trump has sent letters to over two dozen countries (so far) warning them of new, higher tariffs that are set to take effect August 1. That is, unless, they secure new trade deals with the US. Many of the new rates are close to what Trump had imposed as part of his “liberation day” tariff rollout in President Trump has sent letters to over two dozen countries (so far) warning them of new, higher tariffs that are set to take effect August 1. That is, unless, they secure new trade deals with the US. Many of the new rates are close to what Trump had imposed as part of his “liberation day” tariff rollout in April, which set a 10% baseline for nearly all countries and slapped much higher duties on dozens of individual nations. According to the letters, some will face even higher duties with most ranging between 25% and 40%. Noteworthy is that tariff tensions are running extra high with Canada and Brazil. A July 10 letter from Trump to Canada states that the US will impose a 35% tariff on Canadian goods (and a threat of higher duties on transshipped goods), effective August 1. Meanwhile, Brazil has been threatened with a 50% tariff. with an additional twist And, Trump’s letter to Brazil escalates things further by explicitly declaring that the higher tariffs are the result of recent political and legal developments in the country.
- [ECB | Banks have made good progress in managing climate and nature risks – and must continue](https://eaccny.com/news/chapternews/ecb-banks-have-made-good-progress-in-managing-climate-and-nature-risks-and-must-continue/) - By Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB European banks have made forward strides in managing climate and nature-related risks. But more still needs to be done as we often see that practices are only applied to a subset of relevant exposures, geographic European banks have made forward strides in managing climate and nature-related risks. But more still needs to be done as we often see that practices are only applied to a subset of relevant exposures, geographic areas and risk categories. To help banks improve further, later this year the ECB will publish an updated set of good practices observed in banks across Europe. European banks are well positioned to meet the prudential transition plan requirements, which the ECB will approach in a gradual and tailored manner.
- [IMF Executive Board Concludes 2025 Consultation with Euro Area](https://eaccny.com/news/chapternews/imf-executive-board-concludes-2025-consultation-with-euro-area/) - Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the 2025 discussions on common euro area policies with member countries.[1] This year, the consultation also included a discussion of the findings of the Financial Sector Assessment Program (FSAP) exercise for the euro area.[2] Growth in the euro area is likely to stay moderate over Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the 2025 discussions on common euro area policies with member countries.[1] This year, the consultation also included a discussion of the findings of the Financial Sector Assessment Program (FSAP) exercise for the euro area.[2]
- [Eversheds Sutherland recognized among top 10 law firms globally for M&A deals](https://eaccny.com/news/member-news/eversheds-sutherland-recognized-among-top-10-law-firms-globally-for-ma-deals/) - Eversheds Sutherland has been recognized as one of the top global law firms for mergers and acquisitions (M&A) deals in the first half of 2025. According to the latest report by the London Stock Exchange Group (LSEG), the firm ranked ninth globally for the number of announced and completed deals, reaffirming its position as a Eversheds Sutherland has been recognized as one of the top global law firms for mergers and acquisitions (M&A) deals in the first half of 2025. According to the latest report by the London Stock Exchange Group (LSEG), the firm ranked ninth globally for the number of announced and completed deals, reaffirming its position as a leading advisor in the M&A sector. The report highlights Eversheds Sutherland's involvement in 165 announced transactions worth $23.37 billion and 158 completed deals valued at $17.44 billion.
- [CLA (CliftonLarsonAllen) | OBBBA Is Now Law — What the Real Estate Industry Needs to Know](https://eaccny.com/news/member-news/cla-cliftonlarsonallen-obbba-is-now-law-what-the-real-estate-industry-needs-to-know/) - OBBBA introduces permanent tax changes for real estate, enhancing deductions, Opportunity Zones, REIT flexibility, and LIHTC benefits. The One Big Beautiful Bill Act (OBBBA) was signed into law late last week. While OBBBA introduces wide-ranging tax changes for all sectors, the real estate industry faces a distinct set of opportunities and challenges. Below, we explore OBBBA introduces permanent tax changes for real estate, enhancing deductions, Opportunity Zones, REIT flexibility, and LIHTC benefits.
- [ECB | Shifting payment landscape: what a digital euro will bring](https://eaccny.com/news/chapternews/ecb-shifting-payment-landscape-what-a-digital-euro-will-bring/) - Speech by Piero Cipollone, Member of the Executive Board of the ECB, at Banka Slovenije It is a pleasure to speak to you today. The ongoing shift in the way we pay is affecting the fundamental fabric of our economies. Whether we are consumers browsing digital marketplaces, entrepreneurs pursuing digital innovation, or decision-makers facing the A digital euro would be a public-private cooperation, with European payment service providers playing a key role in its distribution. This would allow them to retain fees and data and would also enable banks to maintain client relationships. By contrast, these relationships could be threatened by payment solutions that seek to bypass banks, such as stablecoins which are currently dominated by non-bank and non-European issuers and mostly denominated in dollars. Moreover, a digital euro would enable payment service providers to scale up and offer their solutions throughout the euro area by leveraging the digital euro’s infrastructure and acceptance network. This would remedy the current state of digital payments, which is a case in point of the situation described by Mario Draghi, namely that the fragmentation of the European market along national lines prevents European firms from being competitive on a European level, let alone globally.[10] In my remarks today, I will first explore the challenges presented by the current digital transition in payments. I will then explain how the digital euro offers opportunities to address them.
- [OECD job markets remain resilient but population ageing will cause significant labour shortages and fiscal pressures](https://eaccny.com/news/chapternews/oecd-job-markets-remain-resilient-but-population-ageing-will-cause-significant-labour-shortages-and-fiscal-pressures/) - Job markets remain resilient, with labour force participation reaching record highs in many OECD countries and unemployment at historically low levels. However, there are signs of a slowdown as geopolitical and trade policy uncertainties dampen economic activity, according to a new OECD report. The OECD Employment Outlook 2025 reports that OECD-wide employment, which reached 668 million in Job markets remain resilient, with labour force participation reaching record highs in many OECD countries and unemployment at historically low levels. However, there are signs of a slowdown as geopolitical and trade policy uncertainties dampen economic activity, according to a new OECD report.
- [Wilson Sonsini | The One Big Beautiful Bill: Tax Provisions in Final Legislation Impacting Domestic and Multinational Businesses](https://eaccny.com/news/member-news/wilson-sonsini-the-one-big-beautiful-bill-tax-provisions-in-final-legislation-impacting-domestic-and-multinational-businesses/) - Important Changes for Technology and Life Sciences Industries On July 4, 2025, President Trump signed H.R. 1, commonly known as the “One Big Beautiful Bill Act” (OBBB), into law.1 OBBB was initially approved by the House of Representatives on May 22, 2025 (the House Bill),2 followed by proposed changes that were released by the Senate Finance Committee On July 4, 2025, President Trump signed H.R. 1, commonly known as the “One Big Beautiful Bill Act” (OBBB), into law.1 OBBB was initially approved by the House of Representatives on May 22, 2025 (the House Bill),2 followed by proposed changes that were released by the Senate Finance Committee on June 16, 2025 (the SFC Bill) and passed by the full Senate on July 1, 2025. OBBB permanently extends many of the tax provisions initially introduced by P.L. 115-97, commonly known as the “Tax Cuts and Jobs Act” (TCJA), and introduces significant U.S. federal income tax changes relevant to domestic and multinational businesses and their shareholders and investors.
- [TRIA | Transatlantic Efforts to Close the Investment Gap in Middle- and Low-income Countries (2nd Operational Meeting)](https://eaccny.com/news/chapternews/tria-transatlantic-efforts-to-close-the-investment-gap-in-middle-and-low-income-countries-2nd-operative-meeting-2/) - The 2nd operational meeting of the Transatlantic Resilient Infrastructure Alliance (TRIA) was held in Seville, Spain on July 1st, 2025. It took place in the context of the International Business Forum at the UN's 4th Financing for Development Conference. TRIA is a joint initiative between the European Investment Bank (EIB) and the European American Chamber The 2nd operational meeting of the Transatlantic Resilient Infrastructure Alliance (TRIA) was held in Seville, Spain on July 1st, 2025. It took place in the context of the International Business Forum at the UN's 4th Financing for Development Conference. TRIA is a joint initiative between the European Investment Bank (EIB) and the European American Chamber of Commerce New York (EACCNY), that aims to unite key actors to support the financing of infrastructure investments in low- and middle-income countries.
- [TRIA | EIB & EACCNY Transatlantic Resilient Infrastructure Alliance: Strengthening Collaboration Between the EU and the U.S. on Key Investments (1st Operational Meeting)](https://eaccny.com/news/chapternews/eib-eaccny-transatlantic-resilient-infrastructure-alliance-strengthening-collaboration-between-the-eu-and-the-u-s-on-key-investments/)
- [Noerr | EU Commission Proposes EU Space Act](https://eaccny.com/news/member-news/noerr-eu-commission-proposes-eu-space-act/)
- [European Commission | Remarks by Commissioner Dombrovskis at the Eurogroup press conference](https://eaccny.com/news/chapternews/european-commission-remarks-by-commissioner-dombrovskis-at-the-eurogroup-press-conference-2/) - Thank you, Paschal. Good evening, everyone. First of all, I would like to congratulate Paschal on his re-election as President of the Eurogroup. Today's outcome shows the strong confidence that euro area finance ministers place in your leadership. I look forward to continuing our close collaboration to address the challenges and seize the opportunities that First of all, I would like to congratulate Paschal on his re-election as President of the Eurogroup. Today's outcome shows the strong confidence that euro area finance ministers place in your leadership. I look forward to continuing our close collaboration to address the challenges and seize the opportunities that lie ahead for the euro area. Moving on to other important topics that we discussed today. I would like to thank President Lagarde for presenting the European Central Bank's report on the international role of the euro at today's meeting.
- [European Commission | Questions and Answers on Bulgaria's changeover to the euro](https://eaccny.com/news/chapternews/european-commission-questions-and-answers-on-bulgarias-changeover-to-the-euro/) - What decision did the Council take today? The European Commission published its 2025 Convergence Report on 4 June 2025. The report confirmed that Bulgaria has met the criteria to adopt the euro on 1 January 2026. As a result of that assessment, the Commission adopted proposals for a Council Decision on Bulgaria adopting the euro The European Commission published its 2025 Convergence Report on 4 June 2025. The report confirmed that Bulgaria has met the criteria to adopt the euro on 1 January 2026. As a result of that assessment, the Commission adopted proposals for a Council Decision on Bulgaria adopting the euro and a Council Regulation to include Bulgaria in the list of countries that have adopted the euro as their national currency. At the end of June, the Commission also adopted a second proposal for a Council regulation that sets the conversion rate at which the national currency will be replaced by the euro.
- [Laura Devine Immigration | US Supreme Court Issues Partial Stay on Executive Order Targeting Birthright Citizenship](https://eaccny.com/news/member-news/laura-devine-immigration-us-supreme-court-issues-partial-stay-on-executive-order-targeting-birthright-citizenship/) - On January 20, 2025, President Trump signed Executive Order 14160, which seeks to restrict birthright citizenship under the Fourteenth Amendment of the US Constitution. Specifically, the order targets children born on US soil to parents who are neither US citizens nor lawful permanent residents. This would include children of nonimmigrant visa holders living lawfully in On January 20, 2025, President Trump signed Executive Order 14160, which seeks to restrict birthright citizenship under the Fourteenth Amendment of the US Constitution. Specifically, the order targets children born on US soil to parents who are neither US citizens nor lawful permanent residents. This would include children of nonimmigrant visa holders living lawfully in the US.
- [Anchin | The Big Beautiful Bill Becomes Law: What It Means for Businesses and High-Net-Worth Individuals](https://eaccny.com/news/member-news/anchin-the-big-beautiful-bill-becomes-law-what-it-means-for-businesses-and-high-net-worth-individuals/) - On July 4th, President Trump signed in to law H.R. 1 — One Big Beautiful Bill Act (“BBB”) — a sweeping piece of tax legislation that reshapes key areas of the Internal Revenue Code. The BBB extends, modifies, or makes permanent a number of tax provisions originally introduced under the Tax Cuts and Jobs Act On July 4th, President Trump signed in to law H.R. 1 — One Big Beautiful Bill Act (“BBB”) — a sweeping piece of tax legislation that reshapes key areas of the Internal Revenue Code. The BBB extends, modifies, or makes permanent a number of tax provisions originally introduced under the Tax Cuts and Jobs Act (TCJA), while also introducing several new provisions to the Internal Revenue Code. The following outlines some of the most significant changes likely to impact businesses, as well as high-net-worth individuals and families.
- [Noerr | New State aid framework supporting the Clean Industrial Deal](https://eaccny.com/news/member-news/noerr-new-state-aid-framework-supporting-the-clean-industrial-deal/) - By Sarah Blazek, Jochen Christoph Hegener, and Laura Habermann On 25 June 2025 the European Commission (Commission) adopted the Clean Industrial Deal State Aid Framework (CISAF) (see also the Commission's press release). The CISAF is a way of supporting the Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation (Clean Industrial Deal). The aim of the Clean Industrial Deal On 25 June 2025 the European Commission (Commission) adopted the Clean Industrial Deal State Aid Framework (CISAF) (see also the Commission's press release). The CISAF is a way of supporting the Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation (Clean Industrial Deal). The aim of the Clean Industrial Deal is to reach net zero emissions in the EU by 2050 while at the same time making the EU more competitive (more on the Clean Industrial Deal in Noerr Insights). By simplifying and in some cases relaxing the EU State aid rules to date, the CISAF will allow for the necessary investments by Member States in the future.
- [Littler | New York Legislature Proposes to Expand State Jurisdiction Amid Federal Uncertainty](https://eaccny.com/news/member-news/littler-new-york-legislature-proposes-to-expand-state-jurisdiction-amid-federal-uncertainty/) - By Michael Paglialonga, Eli Freedberg, Shannon Meade, and Alex MacDonald Amid growing concerns about the continued absence of a quorum at the National Labor Relations Board (NLRB) and the resulting inability of the NLRB to issue decisions in representation and unfair labor practice cases, the New York State Legislature concluded its session by passing S8034A/A8590, Amid growing concerns about the continued absence of a quorum at the National Labor Relations Board (NLRB) and the resulting inability of the NLRB to issue decisions in representation and unfair labor practice cases, the New York State Legislature concluded its session by passing S8034A/A8590, a bill that would significantly expand the state’s authority in labor matters traditionally handled by the NLRB pursuant to the National Labor Relations Act (NLRA). The bill passed the Assembly on June 17, 2025, by a vote of 128-14, following a 57-1 vote in the Senate the week before. It now awaits review by Governor Kathy Hochul, who has not yet publicly indicated whether she will sign it.
- [Bannockburn Capital Markets | Week Ahead: US Liberation Day Redux after Jobs Data Reinforce Fed's Patience, and RBA to Cut](https://eaccny.com/news/member-news/bannockburn-capital-markets-week-ahead-us-liberation-day-redux-after-jobs-data-reinforce-feds-patience-and-rba-to-cut/)
- [ICEX: Invest in Spain | Spain 5th in European financial services FDI projects](https://eaccny.com/news/member-news/icex-invest-in-spain-spain-5th-in-european-financial-services-fdi-projects/) - Spain was the fifth largest recipient of financial services foreign direct investment (FDI) projects in 2024 in Europe, according to EY's latest financial services attractiveness survey. FDI actually grew by 29% with regard to total new projects and existing projects expanded from 17 in 2023 to 24 in 2024. The attraction of new projects contributed Spain was the fifth largest recipient of financial services foreign direct investment (FDI) projects in 2024 in Europe, according to EY's latest financial services attractiveness survey. FDI actually grew by 29% with regard to total new projects and existing projects expanded from 17 in 2023 to 24 in 2024.
- [Jaguar Freight | The Weekly Roar – The end of the tariff pause, why supply chain resilience is not optional, an update on air cargo demand, the PMI up slightly, and the growing demand for supply chain automation.](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-the-end-of-the-tariff-pause-why-supply-chain-resilience-is-not-optional-an-update-on-air-cargo-demand-the-pmi-up-slightly-and-the-growing-demand-for-supp/) - With President Trump’s 90-day tariff pause ending this week, many governments (particularly in Asia) continue the struggle to secure new trade deals with Washington. Only deals with the UK, Vietnam, and a limited agreement with China have been announced to date. Japan faces steep auto and metals tariffs, with talks stalled, and South Korea was hoping With President Trump’s 90-day tariff pause ending this week, many governments (particularly in Asia) continue the struggle to secure new trade deals with Washington. Only deals with the UK, Vietnam, and a limited agreement with China have been announced to date. Japan faces steep auto and metals tariffs, with talks stalled, and South Korea was hoping for a new FTA but sees little chance of that happening before the deadline. India’s talks have stalled over agriculture, and Southeast Asian countries are scrambling for last-minute deals, but success remains uncertain across the region.
- [Vulcan View: The latest EU developments 23 June - 27 June](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-23-june-27-june/) - European Commission launches Space Law to boost competitiveness and space safety On Wednesday, (25 June), the European Commission unveiled a historic legislative proposal, the EU Space Act, aimed at creating a single, harmonised market for space activities across the Union. The ambitious plan seeks to bolster the competitiveness of Europe’s burgeoning space sector, enhance the safety of operations The latest EU developments 23 June - 27 June
- [Vulcan View: The latest EU developments 30 June - 4 July](https://eaccny.com/news/member-news/vulcan-view-the-latest-eu-developments-30-june-4-july/) - Quantum Europe Strategy: the EU’s bold plan for the upcoming tech revolution On Wednesday, 2 July, the European Commission unveiled its ambitious Quantum Europe Strategy, a landmark plan to position the continent as a global leader in the revolutionary field of quantum technologies by 2030. The strategy seeks to harness Europe’s scientific prowess and transform it The latest EU developments 30 June - 4 July
- [European Commission | EU invests €2.8 billion in 94 transport projects to boost sustainable and connected mobility across Europe](https://eaccny.com/news/chapternews/european-commission-eu-invests-e2-8-billion-in-94-transport-projects-to-boost-sustainable-and-connected-mobility-across-europe/) - The European Commission selected 94 transport projects to receive nearly €2.8 billion in EU grants under the Connecting Europe Facility (CEF). By modernising railways, inland waterways and maritime routes across the trans-European transport network (TEN-T), the projects will not only help better connect European regions and cities – north to south, east to west, but also make the EU's The European Commission selected 94 transport projects to receive nearly €2.8 billion in EU grants under the Connecting Europe Facility (CEF). By modernising railways, inland waterways and maritime routes across the trans-European transport network (TEN-T), the projects will not only help better connect European regions and cities – north to south, east to west, but also make the EU's internal market more competitive, and more resilient.
- [ECB | Making banks’ data reporting more efficient](https://eaccny.com/news/chapternews/ecb-making-banks-data-reporting-more-efficient/) - By José Manuel Campa and Isabel Schnabel European and national authorities have joined forces with banks to integrate reporting requirements across Europe. This will reduce costs for banks and improve data quality. In this blog post we describe the European integrated reporting initiative and present some initial results. Collecting data from banks is essential for European and national authorities have joined forces with banks to integrate reporting requirements across Europe. This will reduce costs for banks and improve data quality. In this blog post we describe the European integrated reporting initiative and present some initial results.
- [OECD | Deepening structural reforms and reprioritising public spending can boost growth in the European Union](https://eaccny.com/news/chapternews/oecd-deepening-structural-reforms-and-reprioritising-public-spending-can-boost-growth-in-the-european-union/) - Geopolitical and trade tensions continue to be a challenge for the EU economy. Deepening structural reforms and reprioritising public spending are needed to boost growth, according to a new OECD report. The latest OECD Economic Survey of the European Union and Euro Area projects that GDP growth in the euro area will strengthen to 1.0% in 2025 Geopolitical and trade tensions continue to be a challenge for the EU economy. Deepening structural reforms and reprioritising public spending are needed to boost growth, according to a new OECD report.
- [European Commission | Making Europe a global leader in life sciences](https://eaccny.com/news/chapternews/european-commission-making-europe-a-global-leader-in-life-sciences/) - | Life sciences – the study of living systems, from cells to ecosystems – are central to our health, environment and economy. Europe has long been a leader in life sciences, backed by a strong knowledge base and scientific excellence. But it is now losing ground to other global players in turning research into real-world solutions. Life sciences – the study of living systems, from cells to ecosystems – are central to our health, environment and economy. Europe has long been a leader in life sciences, backed by a strong knowledge base and scientific excellence. But it is now losing ground to other global players in turning research into real-world solutions. To counter this trend, the European Commission has launched a new strategy to make Europe the most attractive place in the world for life sciences by 2030.
- [EIB | Multilateral development bank heads and private sector leaders map out deeper cooperation in Seville for development](https://eaccny.com/news/chapternews/eib-multilateral-development-bank-heads-and-private-sector-leaders-map-out-deeper-cooperation-in-seville-for-development/) - The European Investment Bank (EIB) Group in partnership with the Financial Alliance for Net Zero convened a high-level exchange with leaders of multilateral development banks (MDBs) and private sector CEOs at the International Conference on Financing for Development in Seville to deepen cooperation and scale private sector investment in emerging markets and developing economies. Heads of The European Investment Bank (EIB) Group in partnership with the Financial Alliance for Net Zero convened a high-level exchange with leaders of multilateral development banks (MDBs) and private sector CEOs at the International Conference on Financing for Development in Seville to deepen cooperation and scale private sector investment in emerging markets and developing economies.
- [OECD | Tax Inspectors Without Borders present plans to expand international tax co-operation for sustainable development over the coming decade](https://eaccny.com/news/chapternews/oecd-tax-inspectors-without-borders-present-plans-to-expand-international-tax-co-operation-for-sustainable-development-over-the-coming-decade/) - Watch the launch event here The Organisation for Economic Co-operation and Development (OECD) and the United Nations Development Programme (UNDP) have presented today a new plan to expand the scope and global coverage of their shared Tax Inspectors Without Borders (TIWB) programme, marking a new phase in the flagship capacity-building initiative. Tax Inspectors Without Borders The Organisation for Economic Co-operation and Development (OECD) and the United Nations Development Programme (UNDP) have presented today a new plan to expand the scope and global coverage of their shared Tax Inspectors Without Borders (TIWB) programme, marking a new phase in the flagship capacity-building initiative.
- [IESE ranks among world’s top 3 in Executive Education, according to the Financial Times](https://eaccny.com/news/member-news/iese-ranks-among-worlds-top-3-in-executive-education-according-to-the-financial-times/) - IESE Business School has once again been ranked among the top three business schools in the world for Open-enrollment Executive Education Programs by the Financial Times in 2025—marking the fourth consecutive year the school earns this distinction. The ranking highlights IESE’s international reach, outstanding participant satisfaction (9.96/10), and the strong global network that participants gain IESE Business School has once again been ranked among the top three business schools in the world for Open-enrollment Executive Education Programs by the Financial Times in 2025—marking the fourth consecutive year the school earns this distinction. The ranking highlights IESE’s international reach, outstanding participant satisfaction (9.96/10), and the strong global network that participants gain access to.
- [Offit Kurman | Estate planning errors that cross borders: Six common blunders for US citizens and permanent residents to avoid](https://eaccny.com/news/member-news/offit-kurman-estate-planning-errors-that-cross-borders-six-common-blunders-for-us-citizens-and-permanent-residents-to-avoid/) - This article appeared in the GGIGlobal Alliance FYI Trust & Estate Planning News, No. 15, June 2025. By Diane K. Roskies Global mobility presents unique challenges in estate planning, where even minor oversights can have far-reaching consequences – sparking disputes, incurring penalties, and leading to financial losses across jurisdictions. From misaligned wills and inadequate liquidity planning Global mobility presents unique challenges in estate planning, where even minor oversights can have far-reaching consequences – sparking disputes, incurring penalties, and leading to financial losses across jurisdictions. From misaligned wills and inadequate liquidity planning to overlooked compliance requirements, these pitfalls are often avoidable with careful planning.
- [Council of the EU | The Danish EU Presidency begins with great ambitions for delivering on security and competitiveness](https://eaccny.com/news/chapternews/council-of-the-eu-the-danish-eu-presidency-begins-with-great-ambitions-for-delivering-on-security-and-competitiveness/) - As of today, Tuesday, July 1, 2025, the Danish EU Presidency begins. The Danish government has chosen two main priorities for the presidency, which we look forward to delivering on: a safer Europe, including stronger management of migration to the EU and continued support for Ukraine, and a competitive and green Europe. The presidency will As of today, Tuesday, July 1, 2025, the Danish EU Presidency begins. The Danish government has chosen two main priorities for the presidency, which we look forward to delivering on: a safer Europe, including stronger management of migration to the EU and continued support for Ukraine, and a competitive and green Europe. The presidency will last until the end of the year.
- [IMF | Fourth Financing for Development (FfD4) Conference Domestic Public Resources Roundtable: Remarks by DMD Nigel Clarke](https://eaccny.com/news/chapternews/imf-fourth-financing-for-development-ffd4-conference-domestic-public-resources-roundtable-remarks-by-dmd-nigel-clarke/) - Thank you so much for inviting me to join you today. It is an honor to participate on behalf of the IMF. As you know, before I joined the IMF last Fall, I served as Jamaica’s Minister of Finance. This was during some of the most turbulent years in recent memory—marked elevated uncertainty, including COVID-19 Thank you so much for inviting me to join you today. It is an honor to participate on behalf of the IMF.
- [Noerr | Defence Readiness Omnibus aims to strengthen the European Union](https://eaccny.com/news/member-news/noerr-defence-readiness-omnibus-aims-to-strengthen-the-european-union/) - Military defence of the European continent has become one of the key political fields of the Von der Leyen Commission. In March 2025, the European Commission ("Commission") underscored in its “White paper for European defence – Readiness 2030” the enormous security risks it sees Europe as being faced by. It pointed out that alongside increased Military defence of the European continent has become one of the key political fields of the Von der Leyen Commission.
- [Jaguar Freight | The Outlook for Q3 2025](https://eaccny.com/news/member-news/jaguar-freight-the-outlook-for-q3-2025/) - Extreme Uncertainty Reigns Due to Geopolitics and Tariffs while Market Demand Fluctuates. Global Ports The Headlines: The tariff roller coaster has been manageable for ports, at least on the US West Coast, with impact being nowhere near the pandemic peaks (so far). Notable is that a White House spokesperson recently indicated the end date for the 90-day Extreme Uncertainty Reigns Due to Geopolitics and Tariffs while Market Demand Fluctuates.
- [Jaguar Freight | The Weekly Roar – Tariffs lead the news again, the Middle East conflict, record increases in Asian imports, why some high-end brands are suffering, and this year’s peak season.](https://eaccny.com/news/member-news/jaguar-freight-the-weekly-roar-tariffs-lead-the-news-again-the-middle-east-conflict-record-increases-in-asian-imports-why-some-high-end-brands-are-suffering-and-this-years-pea/) - U.S. trade policy remains in a state of flux as President Trump continues on the tariff trail, keeping businesses and global partners guessing. On Friday, Trump broke off trade talks with Canada over its digital tax. He indicated new tariffs on Canadian goods will be announced in the next seven days. And earlier in the week, U.S. trade policy remains in a state of flux as President Trump continues on the tariff trail, keeping businesses and global partners guessing. On Friday, Trump broke off trade talks with Canada over its digital tax. He indicated new tariffs on Canadian goods will be announced in the next seven days. And earlier in the week, a White House Spokesperson said the President will be flexible when it comes to the July 9 deadline for the pause to end many of the broader reciprocal tariffs. The rapid shifts are causing confusion as some measures face legal challenges, including a court injunction currently on appeal. Companies are scrambling to keep up as things change week by week.
- [European Commission | Joint press release: Commission and EIB announce a more flexible guarantee of €5 billion to boost global investments](https://eaccny.com/news/chapternews/european-commission-joint-press-release-commission-and-eib-announce-a-more-flexible-guarantee-of-e5-billion-to-boost-global-investments/) - On the occasion of the 4th International Conference on Financing for Development, the European Commission and the European Investment Bank (EIB) announced today a new type of guarantee agreement that will provide up to €5 billion to de-risk investments and expand EIB operations outside the European Union (EU). Today's guarantee has the potential to unlock up On the occasion of the 4th International Conference on Financing for Development, the European Commission and the European Investment Bank (EIB) announced today a new type of guarantee agreement that will provide up to €5 billion to de-risk investments and expand EIB operations outside the European Union (EU). Today's guarantee has the potential to unlock up to €10 billion in funding for critical projects in clean energy, green infrastructure and access to finance for Small and Medium Enterprises (SMEs) in partner countries.
- [World Bank | Extreme Poverty is Rising Fast in Economies Hit by Conflict, Instability](https://eaccny.com/uncategorized/world-bank-extreme-poverty-is-rising-fast-in-economies-hit-by-conflict-instability/) - Development Setbacks Mount as Frequency of Conflict Surges to 25-Year High WASHINGTON, June 27, 2025—Conflict and instability are taking a devastating toll on the 39 economies afflicted by them, driving up extreme poverty faster than anywhere else, intensifying acute hunger, and pushing several key development goals farther out of reach, according to the World Bank’s WASHINGTON, June 27, 2025—Conflict and instability are taking a devastating toll on the 39 economies afflicted by them, driving up extreme poverty faster than anywhere else, intensifying acute hunger, and pushing several key development goals farther out of reach, according to the World Bank’s first comprehensive assessment of their plight in the aftermath of COVID-19.
- [ECB | Christine Lagarde, Philip R. Lane: Opening remarks on the ECB strategy assessment press conference](https://eaccny.com/news/chapternews/ecb-christine-lagarde-philip-r-lane-opening-remarks-on-the-ecb-strategy-assessment-press-conference/) - Christine Lagarde, President of the ECB, Philip R. Lane, Member of the Executive Board of the ECB Good afternoon, ECB Chief Economist Philip Lane and I welcome you to this press conference, on the occasion of the conclusion of the 2025 assessment of our monetary policy strategy. The Governing Council recently agreed on an updated Good afternoon, ECB Chief Economist Philip Lane and I welcome you to this press conference, on the occasion of the conclusion of the 2025 assessment of our monetary policy strategy. The Governing Council recently agreed on an updated monetary policy strategy statement. You can find this statement on our website, together with an explanatory overview note and the two occasional papers presenting the underlying analyses.
- [EXIM Bank | Export-Import Bank of the United States and European American Chamber of Commerce Sign Memorandum of Understanding](https://eaccny.com/news/tria-initiative-announcements/exim-bank-export-import-bank-of-the-united-states-and-european-american-chamber-of-commerce-sign-memorandum-of-understanding/) - MOU Strengthens Transatlantic Cooperation on Financing in Low- and Middle-Income Countries in Variety of Sectors Including Climate, Transportation and Energy New York, NY – Today, the Export-Import Bank of the United States (EXIM) and the European American Chamber of Commerce New York (EACCNY) signed an agreement to strengthen transatlantic cooperation on infrastructure financing in low- MOU Strengthens Transatlantic Cooperation on Financing in Low- and Middle-Income Countries in Variety of Sectors Including Climate, Transportation and Energy
- [EIB Global and the European American Chamber of Commerce New York establish the Transatlantic Resilient Infrastructure Alliance in collaboration with the United States DFC and EXIM Bank](https://eaccny.com/news/chapternews/eib-global-and-the-european-american-chamber-of-commerce-new-york-establish-the-transatlantic-resilient-infrastructure-alliance/) - October 29, 2024 New York, NY The European Investment Bank (EIB) and the European American Chamber of Commerce New York (EACCNY) signed a Memorandum of Understanding on Monday to establish the Transatlantic Resilient Infrastructure Alliance, a platform for engaging with the private sector to boost infrastructure financing in low- and middle-income countries. This alliance will The European Investment Bank (EIB) and the European American Chamber of Commerce New York (EACCNY) signed a Memorandum of Understanding on Monday to establish the Transatlantic Resilient Infrastructure Alliance, a platform for engaging with the private sector to boost infrastructure financing in low- and middle-income countries. This alliance will provide a new grouping for a set of actors interested in infrastructure development and financing, building a transatlantic platform with major organisations from the US and Europe. Participants will include banks, institutional investors (such as pension funds, insurers, asset managers), and industry, all of which will join in an effort to develop sustainable financing options, identify and advance priority projects, and collaborate on the promotion of resilient infrastructure to build a sustainable future.
- [IPTI | Newsletter: July 2025](https://eaccny.com/news/member-news/ipti-newsletter-july-2025/) - I would like to start this newsletter with a timely article on the need for change in relation to taxation. The article is titled “The big tax reckoning is coming for Canada” and, although it is focused on Canada, the same issues prevail in many jurisdictions around the world. The author (Kirk LaPointe) states: “As I would like to start this newsletter with a timely article on the need for change in relation to taxation. The article is titled “The big tax reckoning is coming for Canada” and, although it is focussed on Canada, the same issues prevail in many jurisdictions around the world.
- [European Council | Eurogroup presidency: three ministers put forward their candidacies](https://eaccny.com/news/chapternews/european-council-eurogroup-presidency-three-ministers-put-forward-their-candidacies/) - Three ministers have put forward their candidacy to become president of the Eurogroup: Carlos Cuerpo, Minister for Economy, Trade and Business of Spain Paschal Donohoe, Minister for Finance of Ireland Rimantas Šadžius, Minister for Finance of Lithuania The election of the new president will take place at the next meeting of the Eurogroup on 7 Three ministers have put forward their candidacy to become president of the Eurogroup: Carlos Cuerpo, Minister for Economy, Trade and Business of Spain Paschal Donohoe, Minister for Finance of Ireland Rimantas Šadžius, Minister for Finance of Lithuania The election of the new president will take place at the next meeting of the Eurogroup on 7 July. The president is elected by a simple majority of the Eurogroup ministers, in line with the Treaty's Protocol 14 on the Eurogroup.
- [ECB | Crossing two hurdles in one leap: how an EU savings product could boost returns and capital markets](https://eaccny.com/news/chapternews/ecb-crossing-two-hurdles-in-one-leap-how-an-eu-savings-product-could-boost-returns-and-capital-markets/) - By Elena Banu, Johanne Evrard, Daniel Jonas Schmidt and Michael Wedow There is now an urgent need to channel retail savings into European capital markets in order to develop those markets and finance EU priorities. In this edition of the ECB Blog, we show that an EU savings standard could increase retail participation in the There is now an urgent need to channel retail savings into European capital markets in order to develop those markets and finance EU priorities. In this edition of the ECB Blog, we show that an EU savings standard could increase retail participation in the capital markets, benefiting savers, boosting investment in EU companies and supporting strategic priorities.[1]
- [CLA (CliftonLarsonAllen) | The 'Big Bill' Is in Motion — Here’s What You Can Do Now](https://eaccny.com/news/member-news/cla-cliftonlarsonallen-the-big-bill-is-in-motion-heres-what-you-can-do-now/) - Key insights: The House passed the tax bill on May 22, 2025. The Senate Finance Committee released its proposal on June 16, 2025. If the Senate successfully passes its version in June, the bill could see a final vote in the House in July. The proposed tax bill includes significant changes, from extending current tax Key insights The House passed the tax bill on May 22, 2025. The Senate Finance Committee released its proposal on June 16, 2025. If the Senate successfully passes its version in June, the bill could see a final vote in the House in July. The proposed tax bill includes significant changes, from extending current tax rates to enhancing business deductions, and more. Now is the time to evaluate your tax planning opportunities.
- [IMF | Poorest Countries and Fragile States Are Increasingly Falling Behind](https://eaccny.com/news/chapternews/imf-poorest-countries-and-fragile-states-are-increasingly-falling-behind/) - By Guillaume Chabert, Robert Powell Support for developing countries should focus on grants and highly concessional loans for poorest and helping the more advanced crowd in foreign investment and private finance The significant shocks that have buffeted the global economy over the past five years have weighed heaviest on low-income countries and fragile and conflict-affected states. Support for developing countries should focus on grants and highly concessional loans for poorest and helping the more advanced crowd in foreign investment and private finance
- [EIB | European importers show agility in face of global trade shocks, new report finds](https://eaccny.com/news/member-news/eib-european-importers-show-agility-in-face-of-global-trade-shocks-new-report-finds/) - EU-based importers were able to adapt swiftly to past supply-chain shocks, according to study. Intra-EU trade serves as a source of resilience, cushioning firms from global disruptions. European importers diversified suppliers following worldwide trade disruptions, says report by EIB and European Commission. European businesses also embraced technologies to strengthen logistics. Firms in the European Union EU-based importers were able to adapt swiftly to past supply-chain shocks, according to study. Intra-EU trade serves as a source of resilience, cushioning firms from global disruptions. European importers diversified suppliers following worldwide trade disruptions, says report by EIB and European Commission. European businesses also embraced technologies to strengthen logistics.
- [Loyens & Loeff | Towards a smarter EU foreign investment screening mechanism](https://eaccny.com/news/member-news/loyens-loeff-towards-a-smarter-eu-foreign-investment-screening-mechanism/) - The EU’s foreign direct investment (FDI) screening rules aim to enable the Union to identify, assess, and mitigate potential risks to security or public order while maintaining its position as one of the most open investment areas in the world. A legislative process is currently underway to replace the existing framework, set out in Regulation The EU’s foreign direct investment (FDI) screening rules aim to enable the Union to identify, assess, and mitigate potential risks to security or public order while maintaining its position as one of the most open investment areas in the world. A legislative process is currently underway to replace the existing framework, set out in Regulation (EU) 2019/452.
- [Wilson Sonsini | New York Passes Novel Law Requiring Safeguards for AI Companions](https://eaccny.com/news/member-news/wilson-sonsini-new-york-passes-novel-law-requiring-safeguards-for-ai-companions/) - Artificial intelligence (AI) companion apps have been in the news, with Commissioner Melissa Holyoak of the Federal Trade Commission calling for a study on AI companions earlier this month, and lawmakers at the state and federal level voicing concerns about the technologies. In response, New York has enacted the first law requiring safeguards for AI companions. Scheduled to come Artificial intelligence (AI) companion apps have been in the news, with Commissioner Melissa Holyoak of the Federal Trade Commission calling for a study on AI companions earlier this month, and lawmakers at the state and federal level voicing concerns about the technologies. In response, New York has enacted the first law requiring safeguards for AI companions. Scheduled to come into effect on November 5, 2025, the law requires operators of AI companions to implement safety measures to detect and address users’ expression of suicidal ideation or self-harm and to regularly disclose to users that they are not communicating with a human. Here are some answers to the key questions about the law:
- [European Commission | Joint Statement following the European Union - Canada 2025 Summit: Enduring Partnership, Ambitious Agenda](https://eaccny.com/news/chapternews/european-commission-joint-statement-following-the-european-union-canada-2025-summit-enduring-partnership-ambitious-agenda/) - Today marks a historic milestone as we, the leaders of the European Union and Canada, met to renew our enduring commitment and take a pivotal step to further reinforce the strategic partnership between the European Union and Canada. Our strong partnership is deeply rooted in trust and common values and shaped by a shared history of Today marks a historic milestone as we, the leaders of the European Union and Canada, met to renew our enduring commitment and take a pivotal step to further reinforce the strategic partnership between the European Union and Canada. Our strong partnership is deeply rooted in trust and common values and shaped by a shared history of human connection and robust economic ties. Most importantly, our partnership is grounded in the core values we share: democracy, human rights, the rule of law, and open, rules-based markets. In a rapidly changing world marked by geopolitical uncertainty, shifting economic dynamics, and the accelerating impacts of climate change, this partnership is more important than ever.
- [IMF | Explainer: How the IMF Finances Itself and Why it Matters for the Global Economy](https://eaccny.com/news/chapternews/imf-explainer-how-the-imf-finances-itself-and-why-it-matters-for-the-global-economy/) - Countries can count their contributions to the IMF as their own reserve assets under a unique funding model that does not require budget appropriations or any other taxpayer support The IMF may be best known for lending to crisis-hit countries. But what about its own finances? How does it finance its critical functions and cover its Countries can count their contributions to the IMF as their own reserve assets under a unique funding model that does not require budget appropriations or any other taxpayer support
- [OECD | Governments should strengthen public trust by improving efficiency, citizen engagement and access to public services](https://eaccny.com/news/chapternews/oecd-governments-should-strengthen-public-trust-by-improving-efficiency-citizen-engagement-and-access-to-public-services/) - Governments can strengthen public trust by ensuring meaningful public engagement in decision-making, using tools such as spending reviews and digital technologies to increase efficiency and enhancing access to justice and public services, according to a new OECD report. Government at a Glance 2025 highlights the mounting fiscal pressures across OECD countries, with public debt reaching 112% of Governments can strengthen public trust by ensuring meaningful public engagement in decision-making, using tools such as spending reviews and digital technologies to increase efficiency and enhancing access to justice and public services, according to a new OECD report. Government at a Glance 2025 highlights the mounting fiscal pressures across OECD countries, with public debt reaching 112% of GDP in 2024 – up from 73% in 2007.
- [Noerr | No-poach agreements in an M&A context: European Commission imposes significant antitrust fines](https://eaccny.com/news/member-news/noerr-no-poach-agreements-in-an-ma-context-european-commission-imposes-significant-antitrust-fines/) - Antitrust in labour markets remains a hot topic in the EU. There have been recent landmark decisions by the European Commission (“Commission”) and the French Competition Authority which, alongside Advocate General Emiliou’s opinion in the pending Tondela “Football” case, are instructive for companies navigating the pitfalls of no-poach agreements under antitrust law. These have prompted Antitrust in labour markets remains a hot topic in the EU. There have been recent landmark decisions by the European Commission (“Commission”) and the French Competition Authority which, alongside Advocate General Emiliou’s opinion in the pending Tondela “Football” case, are instructive for companies navigating the pitfalls of no-poach agreements under antitrust law. These have prompted us to update our previous article.
- [Council of the EU | Simplification: Council agrees position on sustainability reporting and due diligence requirements to boost EU competitiveness](https://eaccny.com/news/chapternews/council-of-the-eu-simplification-council-agrees-position-on-sustainability-reporting-and-due-diligence-requirements-to-boost-eu-competitiveness/) - Member states’ representatives agreed today the Council’s negotiating mandate on simplifying sustainability reporting and due diligence requirements to boost EU competitiveness. This proposal aims at simplifying the directives on corporate sustainability reporting (CSRD) and due diligence (CS3D) by reducing the reporting burden and limiting the trickle-down effect of obligations on smaller companies. "Today we delivered on our promise Member states’ representatives agreed today the Council’s negotiating mandate on simplifying sustainability reporting and due diligence requirements to boost EU competitiveness. This proposal aims at simplifying the directives on corporate sustainability reporting (CSRD) and due diligence (CS3D) by reducing the reporting burden and limiting the trickle-down effect of obligations on smaller companies.
- [EIB Group increases 2025 financing ceiling to record €100 billion to step up investments in security and defence, energy grids and Europe’s tech leadership](https://eaccny.com/news/member-news/eib-group-increases-2025-financing-ceiling-to-record-e100-billion-to-step-up-investments-in-security-and-defence-energy-grids-and-europes-tech-leadership/) - The 27 Member States endorse plan to increase new financing to record of up to €100 billion in 2025. Revised ceiling includes 3.5% of total financing for European security and defence. EIB Board also approves landmark project for construction of military base in Lithuania. EIB Group shareholders launch largest EU programme to fund Europe’s technological The 27 Member States endorse plan to increase new financing to record of up to €100 billion in 2025. Revised ceiling includes 3.5% of total financing for European security and defence. EIB Board also approves landmark project for construction of military base in Lithuania. EIB Group shareholders launch largest EU programme to fund Europe’s technological leadership and approve first wave of new instruments to support cleantech. EIF Board approves deal with German Export Credit Agency to provide a pan-European guarantee for companies trading with Ukraine.
- [ECB | Hearing of the Committee on Economic and Monetary Affairs of the European Parliament](https://eaccny.com/news/chapternews/ecb-hearing-of-the-committee-on-economic-and-monetary-affairs-of-the-european-parliament-2/) - Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament Brussels, 23 June 2025 It is a pleasure to be with you again for our regular exchange. This year has been one of profound global economic and geopolitical uncertainty. As we navigate Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
- [Cilcare launches a groundbreaking 3D Bioprinting Project with human cells to advance therapies for hearing disorders](https://eaccny.com/news/member-news/cilcare-launches-a-groundbreaking-3d-bioprinting-project-with-human-cells-to-advance-therapies-for-hearing-disorders/) - Cilcare is pleased to announce that its innovative INEAR3D project has been selected by the Companies & Campus initiative, supported by the University of Montpellier and its Pôle Universitaire d’Innovation (PEI). The project has received a €50,000 grant in recognition of its scientific impact and alignment with the PEI’s health and sustainability priorities. Led by Dr. Sylvie Pucheu, Director of Preclinical Innovation at Cilcare is pleased to announce that its innovative INEAR3D project has been selected by the Companies & Campus initiative, supported by the University of Montpellier and its Pôle Universitaire d’Innovation (PEI). The project has received a €50,000 grant in recognition of its scientific impact and alignment with the PEI’s health and sustainability priorities.
- [Briddge | Upcoming Dutch and European Tax changes & Highlight: negative wages from selling company shares](https://eaccny.com/news/member-news/briddge-upcoming-dutch-and-european-tax-changes-highlight-negative-wages-from-selling-company-shares/) - We have summarized the upcoming Dutch and European tax changes as well as a recent opinion issued by the Knowledge Group of the Dutch Tax Authority regarding “negative wages,” clarifying the tax treatment of losses employees may face when forced to sell shares under bad leaver clauses. Changes in the Netherlands VAT and Holding companies We have summarized the upcoming Dutch and European tax changes as well as a recent opinion issued by the Knowledge Group of the Dutch Tax Authority regarding “negative wages,” clarifying the tax treatment of losses employees may face when forced to sell shares under bad leaver clauses.
- [ECB | Low money market volatility benefits monetary policy transmission](https://eaccny.com/news/chapternews/ecb-low-money-market-volatility-benefits-monetary-policy-transmission/) - By Fédéric Holm-Hadulla and Sebastiaan Pool Central banks usually seek to align very short-term interest rates in the money market with their own policy rate. But money market rates fluctuate also for reasons other than policy. This blog shows that monetary policy is more effective if such fluctuations are small. Discussions about monetary policy usually Central banks usually seek to align very short-term interest rates in the money market with their own policy rate. But money market rates fluctuate also for reasons other than policy. This blog shows that monetary policy is more effective if such fluctuations are small.
- [ECB | The first year of the Eurosystem’s new operational framework](https://eaccny.com/news/chapternews/ecb-the-first-year-of-the-eurosystems-new-operational-framework/) - By Benjamin Hartung, Tobias Linzert, Imène Rahmouni-Rousseau, Yannik Schneider and Marta Skrzypińska One year after its announcement, the new operational framework is working as intended. Euro area banks have adapted to declining central bank reserves as the Eurosystem's balance sheet is normalising. The ECB Blog assesses how banks and money markets cope with the new One year after its announcement, the new operational framework is working as intended. Euro area banks have adapted to declining central bank reserves as the Eurosystem's balance sheet is normalising. The ECB Blog assesses how banks and money markets cope with the new environment.
- [IMF | AI Needs More Abundant Power Supplies to Keep Driving Economic Growth](https://eaccny.com/news/chapternews/imf-ai-needs-more-abundant-power-supplies-to-keep-driving-economic-growth/) - By Christian Bogmans, Patricia Gomez-Gonzalez, Giovanni Melina, Sneha Thube The power-hungry technology requires policies to help expand electricity supplies, incentivize alternative sources, and help contain price surges Artificial intelligence is an emerging source of productivity and economic growth that’s also reshaping employment and investment. AI has the potential to raise the average pace of annual global economic growth The power-hungry technology requires policies to help expand electricity supplies, incentivize alternative sources, and help contain price surges
- [ECB | Monetary policy transmission: from mortgage rates to consumption](https://eaccny.com/news/chapternews/ecb-monetary-policy-transmission-from-mortgage-rates-to-consumption/) - By Pedro Baptista, Maarten Dossche, Andrew Hannon, Dorian Henricot, Omiros Kouvavas, Davide Malacrino and Larissa Zimmermann Despite recent ECB rate cuts, the average interest rate on mortgages is expected to increase further. This is because of lagged effects from the latest hiking cycle. The ECB blog shows that the resulting drag on consumption could last Despite recent ECB rate cuts, the average interest rate on mortgages is expected to increase further. This is because of lagged effects from the latest hiking cycle. The ECB blog shows that the resulting drag on consumption could last at least until 2030.
- [IMF | Is Public Money Safe without the Rule of Law?](https://eaccny.com/news/chapternews/imf-is-public-money-safe-without-the-rule-of-law/) - By Joseph Dalibon, Jean-Philippe Vion Imagine a country where public funds are allocated arbitrarily rather than because of an analytical process or the government’s policy priorities. In such a country, contracts would be awarded on the basis of personal connections rather than through an open competitive tendering process. Accountability would be nonexistent. It sounds like Imagine a country where public funds are allocated arbitrarily rather than because of an analytical process or the government’s policy priorities. In such a country, contracts would be awarded on the basis of personal connections rather than through an open competitive tendering process. Accountability would be nonexistent. It sounds like a dystopian scenario, but it's a reality in places where the rule of law is weak. Good public financial management (PFM) hinges on a robust legal framework that ensures transparency, fairness, and accountability. Without it, public resources are vulnerable to corruption, mismanagement, and ultimately, a breakdown of trust between citizens and their government.

## Pages

- [EACC New York Home](https://eaccny.com/) - The European American Chamber of Commerce® provides its members with access to transatlantic business opportunities, information, resources and support on matters affecting business activities between Europe and the U.S.
- [Other EACC Chapters - Our Network](https://eaccny.com/other-chapters-2/) - The EACC – New York was the second chapter in the United States and is part of a growing transatlantic European-American Chamber network in partnership with the EACC France, in Paris & Lyon, EACC Cincinnati and Princeton, NJ.
- [Member Endorsements](https://eaccny.com/membership/member-endorsements/) - extraordinarily pleased to be a member of the European American Chamber of Commerce New York, great value, Being a member of EACCNY has empowered me
- [EACC Trade Working Group](https://eaccny.com/committees/trade-working-group/) - The mission of the TTIP Task Force is to engage the European and U.S. business community in the various EACC chapter locations to generate awareness about the Transatlantic Trade & Investment Partnership (TTIP) and the opportunities it presents to businesses on both sides of the Atlantic.
- [Members](https://eaccny.com/membership/member-list/) - Members of the EACC New York Chapter are part of the premiere transatlantic business organization of the New York Tri-State area and a growing network of EACC Chapters in the USA and Europe.
- [Micropodcast: What's Happening Across the Atlantic](https://eaccny.com/podcasts/micropodcast-whats-happening-across-the-atlantic/) - For this initiative, the EACCNY reached out to a number of European and American c-suite executives representing major Financial Institutions and asked them what innovation they are seeing in their industry in the near term [post-Covid19], and longer-term – including areas of business and processes that may need to be completely rethought.
- [EACCNY Podcasts](https://eaccny.com/podcasts/)
- [EACC in the Media](https://eaccny.com/in-the-media/)
- [Podcast: Crystal Ball on the Future of Technology](https://eaccny.com/podcasts/podcast-crystal-ball-on-the-future-of-technology/) - In this podcast series, the EACCNY is bringing together our members to discuss how the pandemic has induced digitalization across various sectors and how it has sped up innovation or the adaption of new technologies.
- [Transatlantic Resilient Infrastructure Alliance (TRIA)](https://eaccny.com/transatlantic-resilient-infrastructure-alliance-tria/) - The European American Chamber of Commerce New York (EACCNY) together with the European Investment Bank’s global financing arm, EIB Global, is starting the Transatlantic Resilient Infrastructure Alliance [TRIA], a joint initiative to support investments for resilient infrastructure across the globe.
- [News](https://eaccny.com/news-2/)
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- [About](https://eaccny.com/about/) - The mission of the New York chapter of the European American Chamber of Commerce is to provide its members with timely and relevant information, resources and support on matters affecting business between Europe and the U.S. The goal of EACC New York Chapter is to stimulate business development, and to facilitate networking and relationships between European and American businesses and professional organizations.
- [Financing for Development - UN SDG's](https://eaccny.com/financing-for-development-un-sdgs/)
- [TRIA News](https://eaccny.com/tria/) - Brexit News will keep you informed about the open items from the United Kingdom leaving the European Union back in December, 31 2020.
- [New York Related News](https://eaccny.com/new-york-related-news/)
- [Trade News](https://eaccny.com/trade-news/)
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- [Member News](https://eaccny.com/member-news/)
- [EACC Legal Committee](https://eaccny.com/committees/eacc-legal-committee/)
- [Legal Committee Bios](https://eaccny.com/legal-committee-bios/)
- [J-1 Visa Program](https://eaccny.com/j-1-visa-program/) - Members of the EACC New York Chapter are part of the premiere transatlantic business organization of the New York Tri-State area and a growing network of EACC Chapters in the USA and Europe.
- [Highlights of Past Events 2021 - 2026](https://eaccny.com/events/highlights-of-past-events-2026/) - Below are a few highlights among past programs the European American Chamber of Commerce in New York has hosted over the last couple of years.
- [Past Webinars Archives](https://eaccny.com/events/past-webinars-archives/) - With the COVID-19 pandemic preventing us from hosting live seminars, the European American Chamber of Commerce® has switched to virtual programming. Below is a summary of the webinars we have hosted since the Spring of 2020, ranging from in-depth macro economic analysis to panel discussions focusing on legal, trade, investment and financial issues relevant to companies like yours doing business on both sides of the Atlantic.
- [Trade & Investment Resources](https://eaccny.com/international-business-resources/trade-importexport-resources/) - The European Union is the world’s biggest trader, accounting for 20 percent of global imports and exports. Free trade among its members was one of the founding principles of the EU, and it is committed to liberalizing world trade for the benefit of rich and poor countries alike. Trade policy is the exclusive jurisdiction of the European Union, which represents the interests of all 28 EU Member States at bilateral and multilateral levels, including the World Trade Organization.
- [EU Resources](https://eaccny.com/eu-resources/)
- [Milestones](https://eaccny.com/milestones/)
- [Board](https://eaccny.com/board-2/) - At the EACCNY, our Board of Directors help guide decision-making in a forward-looking fashion. James Rosener, Troutman Pepper; James Newlands, EY; Robert Baker, FTI Consulting and more.
- [Partner Events](https://eaccny.com/events/partner-events/) - 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
- [Upcoming Events](https://eaccny.com/events/upcoming/) - 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
- [Committees](https://eaccny.com/committees/)
- [Specialty Workshops](https://eaccny.com/events/specialty-workshops/) - The European Chamber of Commerce New York (EACCNY) together with its members has developed a specialty workshop series to help European executives better understand the U.S. business environment and American companies the European market and the requirements necessary to successfully do business on either side of the Atlantic.
- [EACC Strategic Partners](https://eaccny.com/about/eacc-strategic-partners/) - The EACCNY, together with our strategic partners, works on a variety of projects and initiatives to further the mission of the EACC and our partners.
- [Contact Us](https://eaccny.com/about/contact/) - European American Chamber of Commerce EACCNY | The New York Times Building | 620 8th Ave | New York, NY 10018 | Tel (212) 808.2707
- [Resources](https://eaccny.com/international-business-resources/)
- [COVID-19 Business Resources](https://eaccny.com/covid-19-business-resources/)
- [Refer a Member](https://eaccny.com/refer-a-member/)
- [Past Events](https://eaccny.com/events/past/)
- [Podcast: Crystal Ball on the Future of Energy](https://eaccny.com/podcasts/podcast-crystal-ball-on-the-future-of-energy/) - In this podcast series, the EACCNY is bringing together our members to discuss how the pandemic has induced digitalization across various sectors and how it has sped up innovation or the adaption of new technologies.
- [Podcast: Crystal Ball on the Future of Finance](https://eaccny.com/podcasts/crystal-ball-on-the-future-of-finance/) - For this initiative, the EACCNY reached out to a number of European and American c-suite executives representing major Financial Institutions and asked them what innovation they are seeing in their industry in the near term [post-Covid19], and longer-term – including areas of business and processes that may need to be completely rethought.
- [Enterprise Europe Network (EEN)](https://eaccny.com/enterprise-europe-network-een-v2/) - The mission of the New York chapter of the European American Chamber of Commerce is to provide its members with timely and relevant information, resources and support on matters affecting business between Europe and the U.S. The goal of EACC New York Chapter is to stimulate business development, and to facilitate networking and relationships between European and American businesses and professional organizations.
- [Bios](https://eaccny.com/bios/)
- [US Resources](https://eaccny.com/us-resources/)
- [Relevant Representations in the US competed](https://eaccny.com/relevant-representations-in-the-us-2/)
- [NY Business Resources](https://eaccny.com/ny-business-resources/)
- [International Organizations](https://eaccny.com/international-business-resources/international-business-resources/) - International Business Resources brought to you by the European American Chamber (EACC) New York
- [Thank You](https://eaccny.com/events/upcoming/thank-you/)
- [EACC Event Committee](https://eaccny.com/committees/eacc-event-committee/)
- [Events](https://eaccny.com/events/) - 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
- [Events Committee Members Bios](https://eaccny.com/events-committee-members/)
- [Join Our Mailing List](https://eaccny.com/join-our-mailing-list/)
- [Podcast: Crystal Ball on the Future of Trade](https://eaccny.com/podcasts/crystal-ball-on-the-future-of-trade/) - For this initiative, the EACCNY reached out to a number of European and American c-suite executives involved in relevant transatlantic trade initiatives and policies as they discuss the opportunities and challenges presented to businesses on both sides of the Atlantic.
- [EACCNY Brexit Musings](https://eaccny.com/podcasts/eaccny-brexit-musings/) - The EACCNY asked members from across various industries to ‘muse’ about how real-life business issues would be affected by the then imminent Brexit.
- [Brexit News](https://eaccny.com/brexit-news/)
- [Trade Working Group Member Bios](https://eaccny.com/committees/trade-working-group/trade-working-group-member-bios/) - The Brexit Working Group members include experts from the EACCNY membership.
- [een](https://eaccny.com/een-2/)
- [Privacy policy](https://eaccny.com/privacy-policy/) - The European-American Chamber of Commerce, New York is committed to protecting your privacy and developing technology that gives you the most powerful and safe online experience. This Statement of Privacy applies to the European-American Chamber of Commerce, New York Web site and governs data collection and usage. By using the European-American Chamber of Commerce, New York website, you consent to the data practices described in this statement.
- [Terms and conditions](https://eaccny.com/terms-and-conditions/) - Terms and Conditions Effective August 1, 2023 THESE TERMS AND CONDITIONS AND THE EUROPEAN-AMERICAN CHAMBER OF COMMERCE, NEW YORK PRIVACY STATEMENT GOVERN 1) YOUR USE OF THE EUROPEAN-AMERICAN CHAMBER OF COMMERCE, NEW YORK WEBSITE, 2) PRODUCTS AND SERVICES AVAILABLE AT WWW.EACCNY.COM (THE “SITE”), AND 3) YOUR MEMBERSHIP WITH US. THESE TERMS AND CONDITIONS APPLY EACH TIME YOU ACCESS OR USE THE THESE TERMS AND CONDITIONS AND THE EUROPEAN-AMERICAN CHAMBER OF COMMERCE, NEW YORK PRIVACY STATEMENT GOVERN 1) YOUR USE OF THE EUROPEAN-AMERICAN CHAMBER OF COMMERCE, NEW YORK WEBSITE, 2) PRODUCTS AND SERVICES AVAILABLE AT WWW.EACCNY.COM (THE “SITE”), AND 3) YOUR MEMBERSHIP WITH US. THESE TERMS AND CONDITIONS APPLY EACH TIME YOU ACCESS OR USE THE SITE AND CONSTITUTE A LEGALLY BINDING AGREEMENT BETWEEN YOU AND THE EUROPEAN-AMERICAN CHAMBER OF COMMERCE, NEW YORK (“THE EUROPEAN-AMERICAN CHAMBER OF COMMERCE, NEW YORK” “WE,” “US” OR “OUR”); PLEASE READ THEM CAREFULLY. WHEN YOU ACCESS OR USE THE SITE, YOU ACCEPT THE PRIVACY STATEMENT AND THESE TERMS AND CONDITIONS AS IF YOU HAD SIGNED THEM, AND YOU CONSENT TO OUR COLLECTING AND USING YOUR INFORMATION AS DESCRIBED IN THE PRIVACY STATEMENT AND THESE TERMS AND CONDITIONS. THE SITE IS OFFERED TO YOU CONDITIONED ON YOUR ACCEPTANCE WITHOUT MODIFICATION OF THE TERMS, CONDITIONS, AND NOTICES CONTAINED HEREIN. YOUR COMPLIANCE WITH THESE TERMS AND CONDITIONS IS A CONDITION TO YOUR USE OF THE SITE. IF YOU DO NOT AGREE TO THESE TERMS AND CONDITIONS OR THE PRIVACY STATEMENT, THEN PLEASE DO NOT USE THE SITE.
- [Compliance for European and American Banks operating in the U.S.](https://eaccny.com/events/specialty-workshops/compliance-for-european-banks-operating-in-the-united-states/) - EACCNY is launching a new workshop series to help European and US Banks to stay on top of regulatory and compliance related issues.
- [Share Your Story](https://eaccny.com/membership/share-your-story/) - While EACC members are mostly organizations, our member companies bring together amazing individuals, so we invited our members to SHARE THEIR STORY and give us a personal account of who they are now, where they came from and why strong transatlantic relations are important to them.
- [The Future of Transatlantic Finance with EU Commissioner McGuinness: The EU-U.S. Cooperation on Digital & Sustainable Finance](https://eaccny.com/the-future-of-transatlantic-finance-with-eu-commissioner-mcguinness-the-eu-u-s-cooperation-on-digital-sustainable-finance/)
- [test](https://eaccny.com/43815-2/)
- [test](https://eaccny.com/test-2/)
- [Brexit Working Group Member Bios](https://eaccny.com/brexit-working-group/)
- [COVID-19 Related News](https://eaccny.com/covid19-related-news/)
- [Advertising](https://eaccny.com/advertising/)
- [02/27/15 - Roundtable with a Key Member of the U.S. T-TIP Negotiating Team](https://eaccny.com/022715-roundtable-with-a-key-member-of-the-u-s-t-tip-negotiating-team/) - EACCNY in partnership with the United States Department of Commerce held a Roundtable about status of T-TIP negotiations.
- [04/24/18 - An Update on the Transatlantic Relationship: What you need to know about Taxes | Trade | Tariffs and the Economy on both sides of the Atlantic](https://eaccny.com/an-update-on-the-transatlantic-relationship-what-you-need-to-know-about-taxes-trade-tariffs-and-the-economy-on-both-sides-of-the-atlantic/)
- [06/27/18 - CETA: A Trade Agreement of the Future & The Future of Trade Agreements](https://eaccny.com/ceta-a-trade-agreement-of-the-future-the-future-of-trade-agreements/) - On June 27, 2019, EACCNY hosted a candid discussion about trade agreements with three preeminent experts on the subject of negotiating successful trade pacts. All three have been on the frontlines of these negotiations and will be able to share unique insights. Panelists included Pierre Marc-Johnson, 24th Premier of Quebec and Quebec’s lead negotiator for CETA, Ignacio Garcia Bercero, EU Chief Negotiator for the Transatlantic Trade & Investment Partnership TTIP, and Daniel Erikson, Managing Director, Blue Star Strategies and former Special Advisor to Vice Presidents Joseph Biden and Mike Pence [moderator].
- [Relevant Representations in the US](https://eaccny.com/relevant-representations-in-the-us/)
- [EACCNY on CNN International discussing State of Brexit Negotiations](https://eaccny.com/eaccny-on-cnn-speaking-about-brexit/) - EACC New York’s Executive Director, Yvonne Bendinger-Rothschild, was invited to speak to CNN International’s Zain Asher on CNN International “Quest means Business” program.
- [Finnish Media Briefing](https://eaccny.com/finnish-media-briefing/) - EACC New York Executive Director Yvonne Bendinger-Rothschild today attended a joint media briefing with Michael Student, the President of the Finnish American Chamber of Commerce, at the Consulate General of Finland here in New York.
- [EACCNY Executive Director speaks to @EuroNewsTV about possible consequences of the U.S. Midterm Elections](https://eaccny.com/news/in-the-media/eaccny-executive-director-yvonne-bendinger-rothschild-speaks-to-euronewstv-about-possible-consequences-of-the-u-s-midterm-elections/) - The trade talks with the European Union on the "removal of barriers to trade" will resume after the US midterm elections in late November. Then there should be a plan for "finalizing results in a number of areas". One reason for the economy to follow these elections closely.
- [Selected EU Initiatives](https://eaccny.com/international-business-resources/europe-2020/) - EUROPE 2020 is the EU’s growth strategy for the coming decade. In a changing world, we want the EU to become a smart, sustainable and inclusive economy. These three mutually reinforcing priorities should help the EU and the Member States deliver high levels of employment, productivity and social cohesion.
- [test](https://eaccny.com/test/)
- [01/08/19 - Dinner with Tuomas Välimäki, Member of the Board of the Bank of Finland & Iikka Korhonen, Head of the Bank’s Institute for Economies in Transition](https://eaccny.com/dinner-with-tuomas-valimaki-member-of-the-board-of-the-bank-of-finland-iikka-korhonen-head-of-the-banks-institute-for-economies-in-transition/)
- [U.S. Govt. & Business Resources](https://eaccny.com/u-s-govt-business-resources/)
- [EU Resources](https://eaccny.com/eu-resources-2/)
- [European Representation & Organizations in the USA](https://eaccny.com/international-business-resources/european-representation-in-the-usa/)
- [skylines](https://eaccny.com/skylines/)
- [EU sanctions against Russia](https://eaccny.com/international-business-resources/eu-sanctions-against-russia/)
- [EU Resources](https://eaccny.com/international-business-resources/eu-resources/) - EU Resources, blue guide, UK referendum, brexit, EU employment, EU publications, eu-us relationship, transatlantic trade,
- [EU Elections](https://eaccny.com/international-business-resources/eu-elections/) - Every five years EU citizens choose who represents them in the European Parliament, the directly-elected institution that defends their interests in the EU decision-making process.
- [TTIP Resources](https://eaccny.com/international-business-resources/what-you-need-to-know-about-ttip/ttip-resources/) - TTIP resources: a selection of resources and additional information related to the Transatlantic Trade and Investment Partnership.
- [EU Country Focus - The Netherlands](https://eaccny.com/international-business-resources/eu-country-focus/eu-country-focus-the-netherlands-january-june-2016-presidency-of-the-council-of-the-european-union/) - The Netherlands Presidency work programme focuses on four key areas: migration and international security, sound finances and a robust eurozone, Europe as an innovator and job creator and forward-looking climate and energy policy.
- [EU Country Focus - Luxembourg](https://eaccny.com/international-business-resources/eu-country-focus/eu-country-focus-luxembourg/) - The programme of the Luxembourg Presidency is placed in the context of the implementation of the Strategic Agenda for the Union in Times of Change adopted by the European Council of 26 and 27 June 2014 and which outlines the key priorities for the European Union over the next five years. The programme takes also account of the policy orientations of the President of the Commission, the annual work programme of the Commission and the work of the 'Trio' made up of Italy, Latvia and Luxembourg.
- [EU Country Focus – Greece](https://eaccny.com/international-business-resources/eu-country-focus/eu-country-focus-greece/) - The Greek Presidency will firstly aim to achieve tangible results on pending issues. We are called to tackle the economic and financial crisis, by safeguarding our common currency through the deepening of the EMU and by dealing with recession and unemployment through boosting growth. At the same time, security challenges in our external borders are forcing us to deal comprehensively with immigration issues; both for legitimate asylum seekers and for illegal immigrants.
- [EU Country Focus - Lithuania](https://eaccny.com/international-business-resources/eu-country-focus/country-focus/) - Lithuania is located on the very crossroads of three huge markets. It is a springboard to the EU and Scandinavian countries, while the Eastern markets of Russia and the Commonwealth of Independent States (CIS) are on the opposite side of the border. Lithuania is a part of the Baltic Sea Region, and whilst it has always been an active business partner within the region, it is becoming more and more active in its transatlantic business outreach.
- [EU Country Focus - Latvia](https://eaccny.com/international-business-resources/eu-country-focus/eu-country-focus-latvia/) - Latvia, as a modern and innovative European country, is fully ready to lead the work of the EU during its six month Presidency term and will work towards more competitive, digital and engaged Europe. Latvia with its splendid qualities has become an alluring destination that attracts visitors from all over the world. Latvia, a country next to the Baltic Sea, is located between Western and Eastern Europe and that has helped it to become a real geographic hotspot. Latvia has not only one of the fastest growing economies in the EU, but it also serves as a perfect transportation hub. Latvians are keen on creative innovations that help to shape our business sector. We dream big and are not afraid of reaching heights. If you look into the world of Latvian technology, you will definitely find some unique treasures like auto-follow drones, flying people, fascinating digital solutions.
- [EU Country Focus - Italy](https://eaccny.com/international-business-resources/eu-country-focus/eu-country-focus-italy/) - The Italian presidency will work to strengthen the European Economic and Monetary Union and reduce the serious social “spread” in European societies, to finance growth and support investments in sectors that are key for the future of our children, such as environmental protection, infrastructures and digital services. Italian Presidency will focus on sustainable development issues also through the creation of positive synergies with Expo Milano 2015, whose central topic is “Feeding the planet. Energy for life”.
- [EU Country Focus - Estonia](https://eaccny.com/international-business-resources/eu-country-focus/eu-country-focus-estonia/)
- [EU Presidency Country Focus](https://eaccny.com/international-business-resources/eu-country-focus/) - The currently 28 EU Member States rotate the Presidency of the EU council every 6 month. The EACC network will be highlighting each EU member state during the time of their presidency.
- [Event Beta](https://eaccny.com/event-beta/)
- [draft chapters page](https://eaccny.com/draft-chapters-page/)
- [11/30/2016 - Post US Election Outlook:  Scenarios for the Transatlantic Economy](https://eaccny.com/11302016-post-us-election-outlook-scenarios-for-the-transatlantic-economy/)
- [06/11/13 – Newsmaker Breakfast with Deputy Prime Minister of Slovakia Miroslav Lajčák](https://eaccny.com/061113-–-newsmaker-breakfast-with-deputy-prime-minister-of-slovakia-miroslav-lajcak/)
- [05/08/15 - Joint UN-EACC Multi-Stakeholder Leadership Workshop in support of the United Nations “Financing for Development Process”](https://eaccny.com/050815-joint-un-eacc-multi-stakeholder-leadership-workshop-in-support-of-the-united-nations-financing-for-development-process/)
- [A Conversation about the State of the Transatlantic Union with Pascal Lamy](https://eaccny.com/a-conversation-about-the-state-of-the-transatlantic-union-with-pascal-lamy/) - A conversation with Pascal Lamy, James Knightley & Nouriel Roubini about the future of the EU with or without Britain, how Transatlantic relations may develop depending on the outcome of the US Elections and how these developments are going to affect trade and investment on either side of the Atlantic.
- [05/23/17 - Wall Street's Stake in the UN - The role of the Private Sector in financing Sustainable Development](https://eaccny.com/052317-wall-streets-stake-in-the-un-the-role-of-the-private-sector-in-financing-sustainable-development/) - the European Union Delegation of the United Nations and the European American Chamber of Commerce hosted an event at UN Headquarters on the margins of ECOSOC’s Financing for Development (FFD) Follow-up Forum, it brought together Wall Street and corporate leaders, international banks, private equity funds, investors, private foundations representatives and Delegates accredited to the United Nations to consider the fundamental role of the private sector in advancing the sustainable development agenda and discuss ways to mobilize the global business community in support of the Sustainable Development Goals.
- [09/20/13 - The Y Factor: How Women Grow the New Economy](https://eaccny.com/092013-the-y-factor-how-women-grow-the-new-economy/)
- [06/03/13 - Pan European Days at the New York Stock Exchange](https://eaccny.com/060313-pan-european-days-at-the-new-york-stock-exchange/) - In cooperation with EACCNY, NYSE Euronext hosts its inaugural Pan European Days at the New York Stock Exchange. This high-profile forum brings together businesses and investors that are listed on NYSE Euronext’s continental European markets.
- [09/26/2019 - Breakfast with Commissioner Pierre Moscovici, A new EU: Unfinished Business and Priorities](https://eaccny.com/09-26-2019-breakfast-with-commissioner-pierre-moscovici-a-new-eu-unfinished-business-and-priorities/)
- [09/24/2019 Why US Investors should Invest in Europe Now: Innovative Financing Models are Generating Profits & Impact](https://eaccny.com/09-24-2019-why-us-investors-should-invest-in-europe-now-innovative-financing-models-are-generating-profits-impact/) - A presentation about the innovative investment models the European Investment Bank together with the EU Commission have established to attract private monies for public good AND to help investors generate profits & measurable impact.
- [05/10/18 - The Future of Global Trade with Pascal Lamy](https://eaccny.com/the-future-of-global-trade-with-pascal-lamy/)
- [06/10/18 - Lunch with Michel Barnier: EU  Chief Negotiator for the United Kingdom's Exit of the European Union](https://eaccny.com/lunch-with-michel-barnier-eu-chief-negotiator-for-the-united-kingdoms-exit-of-the-european-union/)
- [04/11/18 - Breakfast Round table with Chris Buijink, President of the Dutch Bankers Association](https://eaccny.com/4-11-18-breakfast-round-table-with-chris-buijink-president-of-the-dutch-bankers-association/)
- [02/23/16 - EU-US Privacy Roundtable with Max Schrems, Privacy Activist & Founder of Europe v. Facebook](https://eaccny.com/2232016-eu-us-privacy-roundtable-with-maximilian-schrems-privacy-activist-founder-of-europe-v-facebook/) - Maximilian Schrems together with a US and a EU Privacy expert discussed the differences between US and EU privacy laws, the ability of private citizens to have privacy rights enforced in a global market place and how the European Court of Justice’s decision in Schrems v. Data Protection Commissioner has changed how business is being conducted by entities with operations in the United States and Europe.
- [02/19/16 - Newsmaker Breakfast with ECB's Vice President Vìtor Constâncio](https://eaccny.com/2192016-newsmaker-breakfast-with-ecbs-vice-president-vitor-constancio/)
- [11/21/14 - EACCNY Newsmaker Breakfast at Bloomberg with the Honorable, Stefan Löfven, Prime Minister of Sweden](https://eaccny.com/112114-eaccny-newsmaker-breakfast-at-bloomberg-with-the-honorable-stefan-lofven-prime-minister-of-sweden/)
- [10/24/18 - Galien / Business France Life Sciences Workshops](https://eaccny.com/10-24-18-galien-business-france-life-sciences-workshops/)
- [11/04/14 - The Benefits of Investing for the Long-Term Despite Pressures by Financial Markets & Shareholders](https://eaccny.com/110414-the-benefits-of-investing-for-the-long-term-despite-pressures-by-financial-markets-shareholders/)
- [04/16/2019 - Private breakfast with Olli Rehn, Governor of the Bank of Finland](https://eaccny.com/04-16-2019-private-breakfast-with-olli-rehn-governor-of-the-bank-of-finland/)
- [04/10/2019 - Dinner with Valdis Dombrovskis,  European Commission Vice-President, responsible for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union](https://eaccny.com/4-10-2019-private-dinner-with-european-commission-vice-president-valdis-dombrovskis/)
- [04/04/2017 - Private Lunch with Special Guest Maroš Šefčovič, Vice President for Energy Union, European Commission](https://eaccny.com/04042017-private-lunch-with-special-guest-maros-sefcovic-vice-president-for-energy-union-european-commission/)
- [09/19/2019 - Breakfast with Mauro Petriccione, Director-General for Climate Action at the European Commission](https://eaccny.com/9-19-2019-eaccny-breakfast-with-maura-petriccione-director-general-for-climate-action-at-the-european-commission/) - A week before the crucial Climate Action Summit at the UN this meeting was a unique opportunity to better understand the direction and ambition of the future EU policy and challenges, both internally and in the wider international context.
- [04/25/2019 - EACCNY Economic Update with the Vice President of the ECB Luis de Guindos](https://eaccny.com/4-25-2019-eaccny-economic-update-with-the-vice-president-of-the-ecb-luis-de-guindos/)
- [05/19/14 – Pan European Days at the New York Stock Exchange](https://eaccny.com/051914-pan-european-days-at-the-new-york-stock-exchange/) - On May 19, 2014, in cooperation with EACCNY, NYSE Euronext hosted its 2nd annual Pan European Days at the New York Stock Exchange. This high-profile forum brought together businesses and investors – some 60 companies with up to €762 billion in market capitalization that are listed on NYSE Euronext’s continental European markets (Amsterdam, Brussels, Lisbon and Paris), and around 250 investors from the United States.
- [02/12/14 - EACC’s Annual Economic Update](https://eaccny.com/021214-eacc’s-annual-economic-update/) - The EACC’s Annual Economic Update with St. Louis Fed President James Bullard & Nicolas Véron of the Peterson Institute for International Economics & Bruegel.
- [12/15/2015 - Private Lunch with EU Commissioner for Digital Economy Günther H. Oettinger](https://eaccny.com/12152015-private-lunch-with-eu-commissioner-for-digital-economy-gunther-h-oettinger/)
- [EACCNY: 10 Years in Pictures- 2008 to 2018](https://eaccny.com/about/eaccny-10th-anniversary/)
- [EU Country Focus - Romania](https://eaccny.com/international-business-resources/eu-country-focus/eu-country-focus-romania/)
- [EACCNY New York Executive Director interviewed by the German Wirtschaftsmagazin Capital](https://eaccny.com/news/in-the-media/eaccny-new-york-executive-director-interviewed-by-the-german-wirtschaftsmagazin-capital/)
- [In the Media](https://eaccny.com/news/in-the-media/) - European American Chamber of Commerce: Bridge for business between Europe and the US | EACC is telling the Story of Europe | EACCNY board member Yann Coatanlem participated at “500 Millions d'Européens" weekly radio show at the French radio station BFM Business
- [EU Country Focus - Austria](https://eaccny.com/international-business-resources/eu-country-focus/eu-country-focus-austria/)
- [EU Country Focus - Bulgaria](https://eaccny.com/international-business-resources/eu-country-focus/eu-country-focus-bulgaria/)
- [Brexit Timeline & Important Dates](https://eaccny.com/international-business-resources/brexit-resources/brexit-timeline-important-dates/) - Brexit Timeline: Recent relevant dates & important miles stone coming up
- [09/25/2018 – In conversation with Pierre Moscovici, European Commissioner for Economic & Financial Affairs, Taxation and customs](https://eaccny.com/09-25-2018-in-conversation-with-pierre-moscovici-european-commissioner-for-economic-financial-affairs-taxation-and-customs/) - The European American Chamber of Commerce hosted European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici for a fireside chat as part of our Autumn Program line up. 
- [10/01/18 - Private Lunch with European Commissioner  Günther Oettinger](https://eaccny.com/10-01-18-private-lunch-with-european-commissioner-gunther-oettinger/) - The discussion focused on future Policy Priorities of the European Union and the Evolution of Transatlantic Relations and the Major Concerns of the Long Term Budget of the EU, including the Consequences of Brexit
- [02/07/18 - Banking Culture: Still Room for Improvement?](https://eaccny.com/banking-culture-still-room-for-improvement/)
- [07/12/17 - Brexit: What you need to know about the process, timeline and challenges along the way](https://eaccny.com/brexit-what-you-need-to-know-about-the-process-timeline-and-challenges-along-the-way/) - This program addressed the Brexit process and timelines/deadlines and likely scenarios (Norway, Switzerland or others) for the way forward.
- [French Labor Reform Speeches](https://eaccny.com/international-business-resources/international-business-resources/french-labor-reform-speeches/)
- [Changes to French Labor Law](https://eaccny.com/changes-to-french-labor-law/)
- [01/12/18 - Economic Growth Dialogue: The Time to invest in Europe in Now!](https://eaccny.com/011218-economic-growth-dialogue-the-time-to-invest-in-europe-in-now/)
- [slider test](https://eaccny.com/slider-test/)
- [09/21/17 - The Investment Plan for Europe - A Status Update](https://eaccny.com/the-investment-plan-for-europe-a-status-update/)
- [05/05/2017 - Private Breakfast with Member of European Parliament Lara Comi](https://eaccny.com/private-breakfast-with-member-of-european-parliament-lara-comi/)
- [EU Country Focus - Slovakia](https://eaccny.com/international-business-resources/eu-country-focus/eu-country-focus-slovakia/)
- [11/18/16 - Discussion about the EU Commissions approach on State Aid](https://eaccny.com/111816-discussion-about-the-eu-commissions-approach-on-state-aid/) - Discussion about the EU Commissions approach on State Aid with Karl Soukup, Director in DG Competition of the European Commission responsible for State Aid Control
- [10/28/16 – Med-tech Workshop as part of Business France’s MedStartUp Program](https://eaccny.com/102816-med-tech-workshop-as-part-of-business-frances-medstartup-program/) - Every year, MedStartUp Program by the Galien Foundation & Business France encourages and rewards transatlantic partnerships in the Life Sciences and Healthcare industries. EACC New York designed a custom ½ day Workshop in collaboration with Business France as part of the annual MedStartUp Program
- [06/07/16 - EACCNY & Euronext Pan European Days](https://eaccny.com/060716-eaccny-euronext-pan-european-days/) - Euronext, in cooperation with the European American Chamber of Commerce hosted its 4th annual pan-European days in the United States. The program was attended by over 200 U.S. and European business executives and investors. This half-day transatlantic business forum brought together senior government officials, issuers and institutional investors.
- [11/07/16 - Briefing & Business Dialogue with Dr. Joseph Muscat, Prime Minister of Malta](https://eaccny.com/briefing-business-dialogue-with-dr-joseph-muscat-prime-minister-of-malta/)
- [03/1/2016 - EACCNY Newsmaker with Jyrki Katainen European Commission Vice-President for Jobs, Growth, Investment and Competitiveness](https://eaccny.com/312016-eaccny-newsmaker-with-jyrki-katainen-european-commission-vice-president-for-jobs-growth-investment-and-competitiveness/)
- [07/13/2016 – Briefing about the European Economic & Political State-of-play with EU Ambassador to the UN](https://eaccny.com/7132016-briefing-about-the-european-economic-political-state-of-play-with-eu-ambassador-to-the-un-joao-vale-de-almeida/)
- [10/06/16 - EU Chief Negotiator on the Present & Future of TTIP in the Wake of Brexit & other Election Politics](https://eaccny.com/100616-eu-chief-negotiator-on-the-present-future-of-ttip-in-the-wake-of-brexit-other-election-politics/) - the European American Chamber of Commerce in New York was honored to welcome the EU Chief Negotiator, Ignacio Garcia Bercero for a discussion on the Present & Future of TTIP in the Wake of Brexit & other Election Politics.
- [EU Enlargement – State of play](https://eaccny.com/international-business-resources/eu-enlargement-state-of-play/) - Enlargement is the process whereby countries join the EU. Since it was founded in 1957, the EU has grown from 6 member countries to 28. Any European country that respects the principles of liberty, democracy, respect for human rights, fundamental freedoms and the rule of law may apply to become a member of the EU. A valid application triggers a series of evaluations in the light of the so-called Copenhagen criteria
- [04/28/15 – Breakfast with the Deputy Prime Minister of Portugal](https://eaccny.com/042815-breakfast-with-the-deputy-prime-minister-of-portugal/)
- [02/13/14 - Newsmaker Breakfast with Lithuanian Minister of Economy](https://eaccny.com/022014-newsmaker-breakfast-with-lithuanian-minister-of-economy/) - EACC held a private breakfast with Evaldas Gustas, the current Minister of Economy of the Republic of Lithuania, in a special event co-organized with the Consulate General of Lithuania in New York. The meeting focused on the many attractive investment opportunities in the Republic of Lithuania.
- [09/25/13 - Enrico Letta, President of the Council of Ministers of the Italian Republic addresses Wall Street Audience](https://eaccny.com/092513-enrico-letta-president-of-the-council-of-ministers-of-the-italian-republic-addresses-wall-street-audience/)
- [04/19/13 – Finnish Central Banker on the State of the EU Banking Sector](https://eaccny.com/041913erkki-liikanenprogram/) - The European American Chamber of Commerce New York in Co-operation with SIFMA and the Finnish Consulate General in New York hosted Erkki Liikanen, Governor, BANK OF FINLAND and Chairman of the EUROPEAN COMMISSION’S HIGH-LEVEL EXPERT GROUP.
- [07/12/12 - Danish Minister for European Affairs, Nicolai Wammen, spoke about the European economy at the EACCNY](https://eaccny.com/minister-for-european-affairs-nicolai-wammen-spoke-about-the-european-economy-at-the-eaccny/) - The ministers presentation “Europe – The Path Ahead” focused on the current economic situation in Europe, the main results achieved during the recently completed Danish EU Presidency and not least on creating growth and jobs across the Atlantic.
- [05/11/12 - EACCNY hosts EU Vice President & Commissioner for Industry & Entrepreneurship, Antonio Tajani at NYSE](https://eaccny.com/eaccny-hosts-eu-vice-president-and-commissioner-for-industry-entrepreneurship-antonio-tajani-at-nyse/) - The European American Chamber of Commerce hosted a high profile, high energy gathering of senior level transatlantic business officials assembled at the New York Stock Exchange to welcome visiting European Union Vice President and Commissioner for Industry and Entrepreneurship, Antonio Tajani.
- [12/2/2015 - Private Breakfast Briefing with Prime Minister of Slovenia & Business Delegation](https://eaccny.com/1222015-private-breakfast-briefing-with-prime-minister-of-slovenia-business-delegation/) - European American Chamber of Commerce in New York in cooperation with the Embassy of Slovenia in the U.S hosted a Private Breakfast Briefing & Business Dialogue with Prime Minister of Slovenia H. E. Miro Cerar.
- [Member News](https://eaccny.com/news/member-news/)
- [Chapter News](https://eaccny.com/news/chapternews/)
- [04/30/15 - Newsmaker Breakfast with Ambassador O’Sullivan](https://eaccny.com/43015-newsmaker-breakfast-with-ambassador-osullivan/) - The EACCNY hosted a Newsmaker Breakfast with David O’Sullivan, EU Ambassador to the United States, in a conversation with Daniel Bases of Reuters News. The discussion was organized in partnership with the State University of New York and the Foreign Trade Commissioners Association. The program was held at SUNY Global Center in Midtown Manhattan.
- [What You Need to Know about TTIP](https://eaccny.com/international-business-resources/what-you-need-to-know-about-ttip/) - The economic relationship between the EU and the US is by far the largest between any two trading blocs in history. Today, the EU and the US are responsible for almost half of world GDP. They share the largest bilateral trading partnership worldwide with nearly a third of world trade flows
- [06/01/15 - EACCNY & Euronext Pan European Days: European American Economic Forum](https://eaccny.com/060115-eaccny-euronext-pan-european-days-european-american-economic-forum/)
- [07/11/13 - EACC Hosts Lunchtime Discussion with Members of the EU Parliament](https://eaccny.com/071113-eacc-hosts-lunchtime-discussion-with-members-of-the-eu-parliament/)
- [09/23/14 - High-Level Breakfast Briefing on the European Banking Union](https://eaccny.com/092314-high-level-breakfast-briefing-on-the-european-banking-union/)
- [10/11/12 - EACCNY Supports the US Launch of the Henry Jackson Initiative](https://eaccny.com/us-launch-of-the-henry-jackson-initiative-hosted-by-bloomberg-lp-in-partnership-with-the-european-american-chamber-of-commerce/) - US Launch of the Henry Jackson Initiative Hosted by Bloomberg LP in partnership with the European American Chamber of Commerce
- [09/23/13 - Newsmaker Event with VP Olli Rehn, European Commissioner for Economic & Monetary Affairs and the Euro](https://eaccny.com/09-23-13-newsmaker-event-with-vp-olli-rehn-european-commissioner-for-economic-monetary-affairs-and-the-euro/) - EACC New York hosted a joint Newsmaker Breakfast with Reuters News on the Euro Zone’s economic challenges, banking and reforms with EC Vice President Olli Rehn, European Commissioner for Economic & Monetary Affairs and the Euro.
- [05/21/13 - EU Trade Commissioner Karel de Gucht Highlights Global Benefits of Transatlantic Trade & Investment Partnership](https://eaccny.com/052113-eu-trade-commissioner-highlights-global-benefits-of-transatlantic-trade-investment-partnership/) - EU Trade Commissioner Karel De Gucht in New York City discussed the Transatlantic Trade and Investment Partnership. In his speech to the European American Chamber of Commerce, he stressed that removing transatlantic trade barriers will deliver major benefits to the European Union and the United States, boosting economic growth and stimulating business confidence.
- [01/12/12 - EACC Global Trade, Investment & Economic Outlook for 2012](https://eaccny.com/eacc-economic-update-january-2012/)
- [04/12/13 - EACCNY Conversation with Jose Manuel Barroso on the New Transatlantic Partnership for Growth & Jobs](https://eaccny.com/eaccny-conversation-with-jose-manuel-barroso-on-conversation-on-the-new-transatlantic-partnership-for-growth-jobs/) - EU Commission President Barroso delivered a keynote speech on the “New Transatlantic Partnership for Growth & Jobs” in New York. The topics discussed focused on EU-US partnership to facilitate growth and improve employment opportunities. The event was co-organised by the European American Chamber of Commerce (EACC) New York and by Bloomberg LP.
- [News](https://eaccny.com/news/)

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