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Member News
Member News
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)...
29
Jan
Aalborg, Denmark – January 22, 2025 – MDSI (EU & US) announced today collaboration partnerships with Integrity ISR, LSAS Tec, and NAL Research to pursue concept exploration and advanced development in multi-domain situational awareness. The partnership is initially focused on expanding Quantum Eye, MDSI EU’s multi-domain situational awareness platform, which is now providing critical ISR services for Greenland.
The new high-performance team consisting of MDSI, Integrity ISR, LSAS Tec, and NAL Research will bring a best of industry approach to...
28
Jan
Overview: The US dollar recorded lows for the month against many of the major currencies yesterday but has come back bid today. We had anticipated some consolidation ahead of the conclusion of the FOMC meeting tomorrow, and the dollar's downside momentum faded. Yet, today’s gains have been fueled by new tariff threats. In particular, Bessent, the new Treasury Secretary, said to be a moderate, reportedly was advocated increasing a universal tariff by 2.5% a month until reaching the levels President...
27
Jan
Now in office, President Trump has signed an executive order directing federal agencies to investigate unfair trade practices and currency policies, particularly concerning China, Canada, and Mexico. As of this writing, he hasn’t imposed tariffs, but he has indicated he will—as soon as February 1. Specifically, a 25% tariff on imports from Mexico and Canada. He also announced a new External Revenue department that will oversee the collection of duties from any countries subjected to future tariffs.
Despite a recent ceasefire between...
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