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Member News
Member News
15
Apr
Spending for the construction of data centers was $41.1 billion last year, up 31.7% from 2024 and 344% from 2020, according to the U.S. Census Bureau.
That's a big leap and a substantial chunk of change. However, it woefully underestimates the true cost of all the data center building that's going on. Last year, properties with a 35-gigawatt capacity were under construction, up half again as much as the 22.9-GW capacity that was under construction in 2024. In 2020, properties...
14
Apr
Speech by EIB Group President Nadia Calviño at Brookings Institution, on "Investing in a shared future" in Washington DC, during the 2026 World Bank Group-IMF Spring Meetings.
Thank you very much for joining us this afternoon. Thank you very much to the Brookings Institution for organising this debate and generally for providing a space, a forum for people to debate, to discuss, to exchange views and to try to build a better, a stronger, a more peaceful future for all of us. It...
13
Apr
U.S. Customs and Border Protection (CBP) has issued operational guidance for obtaining refunds of duties paid under the International Emergency Economic Powers Act (IEEPA), implementing a new electronic process through the Consolidated Administration and Processing of Entries (CAPE) tool in the Automated Commercial Environment (ACE) Secure Data Portal (ACE Portal). Beginning April 20, 2026, CAPE will be the exclusive mechanism for submitting IEEPA refund claims for entries that include at least one dutiable IEEPA Harmonized Tariff Schedule of the United States...
13
Apr
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...
13
Apr
Key Differences and Requirements
Both the United States and the European Union require mandatory pre-merger notification for significant transactions, but their frameworks, criteria, and the role of subnational jurisdictions (states or member states) differ in several important ways.
United States
States are increasingly introducing broad pre-merger notification rules in addition to the federal Hart-Scott-Rodino (HSR) Act. Many state regimes mirror or modestly expand upon federal triggers and requirements:
Key Features
Notification Triggers:
Mergers reportable under the federal HSR Act are typically triggered...
10
Apr
AI in Translation: Risks, Limitations, and Best Practices
As artificial intelligence reshapes global business operations, its role in multilingual communication is expanding rapidly. From internal documentation to cross-border contracts and marketing campaigns, AI translation tools promise speed, efficiency, and cost savings. However, for organizations operating across jurisdictions and cultures, understanding the limitations of these tools is essential. A professional review of AI translations is recommended to mitigate risk, ensure accuracy, and protect business outcomes.
Benefits of Using AI in Translation
For companies...
10
Apr
In a previous alert, we reported that the U.S. Supreme Court had found President Donald Trump’s tariffs issued under the International Emergency Economic Powers Act (IEEPA) to be illegal.
We subsequently reported that the U.S. Court of International Trade (“the Court”), in an effort to implement the Supreme Court decision, had ordered U.S. Customs and Border Protection (CBP) to issue refunds “automatically” to importers that previously paid IEEPA duties to CBP.
In recent days, there have been significant developments:
• The U.S. Court of International...
10
Apr
It’s easy to let preconceived notions slip into portfolio construction and investment analysis. Background ideas on policymaking and the relative importance of different indicators can become baked into thinking, without being directly reviewed.
This is generally a no-harm, no-foul situation: these conditions change slowly and infrequently, although when they do change, the impact can be great. Prior to Silicon Valley Bank’s failure in March 2023, for instance, we think few investors considered the impact of unrecognized marked-to-market bond losses on...