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Member News
Member News
27
Apr
The global capital markets will enter May with a sense of transition rather than resolution. Neither the Federal Reserve, nor the European Central Bank or the Bank of Japan meet in the month ahead. The market is inclined to see the third consecutive hike by the Reserve Bank of Australia but the other G10 central banks that meet in May, Norway's Norges Bank and Sweden's Riksbank are mostly likely to stand pat.
The aggressive tightening cycle that investors had penciled...
24
Apr
EIB Group Boards approve €2 billion to reinforce Europe’s energy autonomy.
Focus on renewables, energy savings and grid upgrades.
European Investment Fund unlocks more financing for Europe’s tech leadership and competitiveness.
The Boards of the European Investment Bank (EIB) Group approved a total of €10 billion in financing, including almost €2 billion for initiatives to expand Europe’s clean energy investments, ensure affordability and bolster competitiveness.
The Board of the EIB endorsed loans to support the production of offshore wind power...
23
Apr
Overview
Firms with exposure to the US-EU international trade relationship cannot rely on last year’s Turnberry Agreement as a complete or settled solution for managing trade risk. Rather, they should ensure that their compliance practices and strategic visions are adjusted to account for recent and anticipated developments in the rollout of Turnberry as a framework. The promised return to relatively open terms of trade still needs time in the oven.
Turnberry framework and aftermath
When EC President Ursula von der Leyen and...
23
Apr
Economic substance doctrine affirmed; integrated M&A plans face heightened risk.
What the Tenth Circuit’s Liberty Global decision means for M&A tax planning
On April 21, 2026, the U.S. Court of Appeals for the Tenth Circuit affirmed the government’s economic substance win in Liberty Global, Inc. v. United States, No. 23-1410. The court held that section 7701(o) applies even when a transaction mechanically complies with the Internal Revenue Code (Code), and that common mergers and acquisitions (M&A) building blocks (i.e., section 351...
23
Apr
The consumer goods industry is running out of room to hide behind price. By late 2025, category volumes were slipping into decline even as retail sales stayed positive—a clear sign that topline gains are still all price, not product. With inflation pressures intensifying again from rising energy and shipping costs, pricing alone won’t cut it. The next wave of growth will have to come from something harder: winning back consumers through innovation, sharper portfolios, and flawless execution.
Why pricing is...
22
Apr
It started as merely trying out artificial intelligence (AI) tools. Now, more and more employers (and their employees) are relying on AI for their everyday operations, including drafting emails and summaries, screening and ranking applicants, managing employee performance, and answering routine questions. This expanded role has changed AI from a casual acquaintance into a new “co-worker” that can influence employment decisions, outcomes, and experiences. Employers are reviewing AI tools, assessing risks and deciding which tools are authorized in...
21
Apr
In this week’s Roar: Air cargo rates up, electronic tariff refund Phase 1, new emergency surcharges, the state of the global maritime system, and how AI is handling operational bottlenecks.
Since mid-March, air cargo rates are up 10% as the war in Iran has squeezed capacity, pushed up oil prices, and disrupted flights across the Middle East. Jet fuel costs have nearly doubled, resulting in new surcharges on many routes. For shipments where time is of the essence, there are now frequent delays averaging...
20
Apr
Today, April 20, 2026, marks a significant milestone for importers seeking to recover duties paid under the International Emergency Economic Powers Act (IEEPA).
U.S. Customs and Border Protection (CBP) has officially launched the Consolidated Administration and Processing of Entries (CAPE) Phase 1 functionality within CBP’s digital system for processing imports and exports—the Automated Commercial Environment (ACE).
Following the invalidation of certain IEEPA-based tariffs, CAPE serves as the primary administrative mechanism for securing refunds. However, CAPE is not a “blanket” refund process. CBP...
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