The coming weeks will likely continue the correction of the trends that began last month. The markets recognize that tightening cycle is over. However, they swung hard, pricing in aggressive easing by most of the G10 central banks, including the Federal Reserve and the European Central Bank. Official comments and some high-frequency economic data have encouraged participants to rein in their expectations, reducing the odds of a rate cuts in Q1 and paring back the extent of the cuts...

At the best of times, artificial intelligence terms can be a challenge to understand. When it comes to broader and even deeper AI topics like governance and ethics, it’s even more challenging and we often find ourselves grappling with the distinctions between them. In this article we are going to tackle, at a very high level, some of the key differences between: Data governance AI governance, and Ethical AI Data governance In a corporate setting, data governance involves setting policies and...

The United States is not the only country currently debating a reform to the law on non-competes. Notably, the UK Government has announced legislation that would limit the duration of non-competes to a period of 3 months after termination of employment. Multi-national employers will want to understand the extent to which these developments mark the start of a global trend. That said, most European and Asian jurisdictions have long-standing restrictions controlling the use of non-competes and, generally, they have not...

In this Week’s Roar: geopolitics and emissions, adaptable supply chain management, a new trade route put on hold, positive Q1 news for shippers, and improving inventory management. In an era when supply chains around the world are trying to do more to decrease emissions, geopolitical issues in some parts of the world are working against those efforts. Specifically, we’re referring to the impact of the issues on the Red Sea. Diverting ships around the Cape of Good Hope is increasing emissions, as...

Inter-institutional knowledge sharing and information exchange aims at reducing bottlenecks and improving access to finance for European space companies The European Commission, the European Investment Bank (EIB), and the European Space Agency (ESA) signed today at the Space Conference a collaboration arrangement to join forces to strengthen the European space sector. This will include small and medium businesses (SMEs) and start-ups and enhance Europe's position in space. The collaboration between the three institutions aims to foster cooperation and coordination with a...

On Wednesday, the EU Commission announced a new approach to economic security, one which aligns the bloc more solidly with Washington’s strategy to counter geopolitical rivals. Five key initiatives are intended to set Europe on a path of “promoting the EU’s competitiveness” while “protecting against risks.”  “Europe must be a player, not a playground. The whole point of our economic security strategy is to de-risk our economic interdependencies,” said EU Commissioner Margrethe Vestager while presenting the package. The policy package follows an announcement from June of...

The payments landscape in 2023 saw many legal and regulatory developments that will impact the payments industry in 2024. In this Payments 2023: A Year in Review, we summarize many of those developments, with the goal of ensuring you are fully informed and better able to execute your business strategy. Consumer Financial Protection Bureau (CFPB) Updates: CFPB Report Highlighting Consumer Protection Issues in Medical Debt Collection November 16, 2023: The CFPB released its Fair Debt Collection Practices Act (FDCPA) Annual Report...

In 2024, you'll encounter major developments in technology and law that could have a significantly impact on your organisation. Our Information & Communication Technology Group has identified five key areas that will influence your strategies and compliance efforts. #1 - AI policies and regulation morph into concrete action In 2024, the first steps in Artificial Intelligence (AI) regulation can be expected, in particular with the anticipated enactment of the European Artificial Intelligence Act (AI Act). Key features of the latest version of the...