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Transatlantic News
Transatlantic News
18
Apr
The interconnectedness of the global financial system makes it possible that a cyber incident at one financial institution (or an incident at one of its third-party service providers) could have spill-over effects across borders and sectors.
Cyber incidents are rapidly growing in frequency and sophistication. At the same time, the cyber threat landscape is expanding amid digital transformation, increased dependencies on third-party service providers and geopolitical tensions.
Recognising that timely and accurate information on cyber incidents is crucial for effective incident...
17
Apr
Tomorrow, the European Centre for Algorithmic Transparency (ECAT) will be officially inaugurated by the Commission's Joint Research Centre in Seville, Spain. The inauguration will be marked with a launch event that will be broadcast here.
The event brings together representatives from EU institutions, academia, civil society and industry to discuss the main challenges and the importance at a societal level of having oversight of how algorithmic systems are used. Following a video message by Commissioner for the Internal Market Thierry...
14
Apr
Statement by Christine Lagarde, President of the ECB, at the forty-seventh meeting of the International Monetary and Financial Committee | IMF Spring Meetings, 14 April 2023 |
Introduction
Since the October meeting, the global economic outlook has improved on the back of a gradual easing of global supply bottlenecks, declining energy prices, and the recovery of the Chinese economy following the lifting of pandemic-related containment measures. Global inflation has also been declining since it peaked in summer 2022, supported by easing...
13
Apr
Governor Lisa D. Cook at the 2023 Midwest Economics Association 87th Annual Meeting, Cleveland, Ohio | March 31, 2023 |
Thanks to President Kasey Buckles and the program committee for affording me the opportunity to give the C. Woody Thompson Memorial Lecture. It is a pleasure to be back in the Midwest. Before joining the Federal Reserve, I taught economics at Michigan State University, which I chose for its bird's-eye view of the industrial Midwest. Big 10 rivalries aside, Ohio...
12
Apr
Sanctions and voluntary boycotts have forced Russia to change its international trade since its invasion of Ukraine. The country has reoriented towards the east, away from Europe. This ECB Blog post sheds light on these shifts. It is the third entry in a series about the economic effects of the war.
Russia’s invasion of Ukraine prompted the EU and its partners to impose wide-ranging sanctions on Russia, including banning exports of certain types of machinery and transport equipment to the...
11
Apr
The tenth European Union (EU) – United States Energy Council (“Council”) met today in Brussels, chaired by EU High Representative/Vice President Josep Borrell Fontelles, European Energy Commissioner Kadri Simson, US Secretary of State Antony Blinken, and US Deputy Secretary of Energy David M. Turk. Minister Tobias Billström of the Swedish Ministry for Foreign Affairs represented the Presidency of the Council of the European Union.
The EU-US Energy Council is the lead transatlantic coordination forum on strategic energy issues...
11
Apr
Climate change is a global problem that needs global solutions. As the EU raises its own climate ambition, and as long as less stringent climate policies prevail in many non-EU countries, there is a risk of so-called ‘carbon leakage'. Carbon leakage occurs when companies based in the EU move carbon-intensive production abroad to countries where less stringent climate policies are in place than in the EU, or when EU products get replaced by more carbon-intensive imports.
The EU’s Carbon Border...
10
Apr
I want to debrief you on a comprehensive day of high-level discussions we had today here in Beijing. I met with President Xi, both in a joint meeting with President Emmanuel Macron and then in a bilateral meeting. I also had a meeting with Prime Minister Li.
Let me start with EU-China relations. It is an extensive and complex relationship that we have. For both of us, this relationship has a significant impact on our prosperity and our security. For...
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