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Member News
Member News
04
Feb
Important Notice: There have been significant trade policy developments regarding tariffs on imports from Mexico, Canada, and China today.
Mexico: The planned 25% tariff on imports has been delayed for a month after an agreement between President Trump and Mexican President Claudia Sheinbaum. As part of the deal, Mexico will deploy 10,000 members of its national guard to the border to combat drug trafficking.
Canada: A similar agreement was reached with Prime Minister Justin Trudeau during an afternoon meeting, suspending new...
03
Feb
Months of talk about tariffs are about to become reality. This weekend, President Trump made official his plan to implement new tariffs this Tuesday. Canada and Mexico face tariffs of up to 25%, with China facing levies of an additional 10%. All three countries have voiced their opposition and plans for retaliatory measures. The impact on trade among the three N. American countries is yet to be seen, with the US having had free-trade agreements in place for decades. Trump...
03
Feb
Impact of Newly Implemented U.S. Tariffs on Global Financial Markets
President Trump signed an executive order yesterday enacting significant tariffs, imposing a 25% levy on imports from Canada and Mexico, with a reduced 10% tariff specifically on Canadian energy products. Additionally, the US imposed a 10% tariff on imports from China. The announcement and implementation of these tariffs have led to notable volatility in the foreign exchange (FX) markets.
U.S. Dollar (USD): The U.S. dollar experienced a significant surge, strengthening against...
01
Feb
The White House confirmed that President Trump will impose new tariffs starting Saturday, February 1.
The tariffs include a 25% duty on certain imports from Canada and Mexico and a 10% tariff on specific Chinese goods.
The tariffs could lead to higher prices for U.S. consumers and businesses on products such as electronics, toys, shoes, produce, lumber, and cars. Companies importing these goods must decide whether to absorb the costs, reducing profits, or pass them on to consumers.
Mexico and Canada have...
31
Jan
European Commission launches Competitiveness Compass to boost innovation and economic resilience
On Wednesday, 29 January, the European Commission unveiled its Competitiveness Compass, an initiative aimed at strengthening the EU’s competitiveness, resilience, and innovation. The Compass comes at a critical moment for Europe as it strives to maintain its position in the face of growing global competition.
The Competitiveness Compass will closely follow the recommendations laid out by both the Draghi and the Letta reports. The Compass comprises three pillars:
Pillar 1: Closing the innovation gap
Pillar 2: A joint...
31
Jan
The EIB Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024.
A record of nearly 60% of all EIB Group financing supported the green transition, climate action and environmental sustainability.
There was a sharp increase in higher-risk activities, with a record €8 billion committed for equity and quasi-equity investment.
Financing for security and defence projects doubled to €1 billion in 2024, with a further doubling planned in 2025.
The European Investment Bank (EIB) Group...
30
Jan
Montpellier, January 30, 2025 – Cilcare, a biotechnology company specializing in auditory sciences, is pleased to announce the appointment of Dr. Preethi Sundaram to its Board of Directors. With 25 years of experience in the pharmaceutical industry, Dr. Sundaram brings exceptional expertise in drug development, commercialization, and business development strategies, including mergers and acquisitions. She joins Cilcare at a strategic juncture to contribute to the company’s mission of leveraging precision auditory sciences to redefine and reimagine the future of care...
30
Jan
EIB Global loan will partially fund SES’s continued O3b mPOWER medium earth orbit fleet expansion, enabling additional capacity worldwide.
The O3b mPOWER satellite network aims to bridge the urban-rural digital divide, supporting objectives of the EU’s Global Gateway initiative and the EU Space Programme 2021-2027.
The European Investment Bank’s global arm, EIB Global, has signed a €125 million loan agreement with SES, a provider of satellite-enabled content and connectivity solutions, for three satellites of its second-generation medium earth orbit (MEO)...
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