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Member News
Member News
15
Apr
New and upcoming obligations
Why should I read this?
The first obligations under the EU AI Act are now in force.
Any business that places on the market, puts into service or otherwise uses artificial intelligence (‘AI’) systems within the EU will have obligations under the AI Act. The AI Act seeks to create a cohesive legal framework to safeguard against the adverse impacts of AI systems, while at the same time fostering innovation.
In this briefing, we examine the most recently implemented...
14
Apr
By Catherine Alvino, Marketing Manager, Tradewind Finance
International trade has a way of keeping you on your toes – and trade involving auto parts is no exception.
With recent tariff announcements from the U.S., automakers and auto parts suppliers are facing a new set of questions on how to best go about business.
40-80% of auto parts used in U.S.-made cars are imported, according to auto analyst Mel Yu. These parts come largely from Canada and Mexico in what is an intertwined supply...
14
Apr
By Noa Sussman, Director of Global Solutions, TECEX
The global data center market is surging, with investments projected to top $1.8 trillion by 2030, fueled by AI and cloud computing. According to McKinsey & Company, 70% of total demand for data center capacity will be driven by facilities that can host advanced AI workloads by 2030. Private equity firms, hyperscalers like AWS, Google Cloud, and Microsoft Azure, and real estate developers are all looking to capitalize on this explosive growth....
14
Apr
EIB Board approves €3.6 billion in financing for clean transport, energy and innovation, as well as upgrading water and sanitation in Africa.
EIB Board also backed broader support for Europe’s automotive sector, which has received more than €11bn EIB financing in the past five years.
EIF Board approved investment in deep tech venture capital fund and backing for war-affected companies in Ukraine.
The Boards of Directors of the European Investment Bank (EIB) and the European Investment Fund (EIF), meeting...
14
Apr
The US-China trade war continues to escalate, with the latest salvo from China coming Friday. In a statement, China retaliated against the reciprocal tariffs from the US by raising its levies on US goods to 125% from 84%, according to the Customs Tariff Commission of the State Council. This follows a busy week of tariff news published by the Trump administration who confirmed on Thursday that the US tariff rate on Chinese imports now effectively totals 145%. The news of the...
11
Apr
President Trump signed a new executive order, “Modifying Reciprocal Tariff Rates to Reflect Trading Partner Retaliation and Alignment” (the Order) on April 9, marking yet another significant shift in U.S. trade policy. The Order, effective as of 12:01 a.m. EDT on April 10, 2025, amends Executive Order 14257 and the April 8 Executive Order, “Amendment to Reciprocal Tariffs and Updated Duties As Applied to Low-Value Imports from the People’s Republic of China” (the April 8 Order). The latest order intensifies tariff pressure on...
11
Apr
Challenging a slew of state climate-related laws and programs, President Trump’s April 8, 2025 executive order (EO) set the stage for more legal fights between the federal government and states. In the new EO, “Protecting American Energy from State Overreach,” Trump took aim at state laws and programs that address greenhouse gas emissions (GHGs), climate change, environmental justice, and environmental, social, and governance (ESG). Some states have already indicated they will oppose the Trump administration’s efforts.
The EO specifically calls...
11
Apr
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 and criminal violations of the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA) from five years to 10 years....
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